Can I retire at age 57 with 909,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$75,064$74,396$73,743$73,107$72,485$70,334
2 years$37,161$36,468$35,798$35,147$34,517$32,367
3 years$24,528$23,833$23,164$22,519$21,899$19,818
4 years$18,212$17,519$16,857$16,224$15,618$13,623
5 years$14,424$13,735$13,082$12,462$11,873$9,968
6 years$11,900$11,216$10,572$9,966$9,395$7,582
7 years$10,097$9,419$8,785$8,193$7,640$5,920
8 years$8,746$8,074$7,451$6,873$6,338$4,709
9 years$7,695$7,030$6,417$5,854$5,338$3,797
10 years$6,855$6,196$5,595$5,047$4,548$3,095
11 years$6,169$5,516$4,926$4,392$3,912$2,543
12 years$5,597$4,951$4,371$3,852$3,390$2,103
13 years$5,113$4,474$3,905$3,401$2,956$1,748
14 years$4,699$4,067$3,509$3,019$2,591$1,460
15 years$4,341$3,715$3,168$2,692$2,281$1,223
16 years$4,027$3,409$2,872$2,411$2,016$1,027
17 years$3,751$3,139$2,614$2,166$1,788$865
18 years$3,506$2,901$2,386$1,952$1,590$730
19 years$3,286$2,689$2,184$1,764$1,417$617
20 years$3,089$2,498$2,005$1,598$1,266$522
21 years$2,911$2,327$1,844$1,450$1,133$442
22 years$2,750$2,172$1,699$1,318$1,015$375
23 years$2,602$2,032$1,569$1,201$911$318
24 years$2,467$1,904$1,451$1,095$819$270
25 years$2,344$1,786$1,344$1,000$737$230
26 years$2,229$1,679$1,247$914$664$195
27 years$2,124$1,580$1,158$837$599$166
28 years$2,026$1,489$1,076$767$540$141
29 years$1,935$1,405$1,001$703$488$120
30 years$1,850$1,326$933$645$441$102
31 years$1,771$1,254$870$593$398$87
32 years$1,697$1,187$811$545$360$74
33 years$1,628$1,124$758$501$326$63
34 years$1,563$1,065$708$461$295$54
35 years$1,501$1,010$662$424$267$46
36 years$1,444$959$619$391$242$39
37 years$1,389$911$579$360$220$33
38 years$1,338$865$543$332$199$28
39 years$1,289$823$508$306$181$24
40 years$1,243$783$476$282$164$21
41 years$1,199$745$447$260$149$18
42 years$1,157$710$419$240$135$15
43 years$1,118$676$393$222$122$13
44 years$1,080$645$369$205$111$11
45 years$1,044$615$347$189$101$9
46 years$1,010$586$326$175$92$8
47 years$977$560$306$161$83$7
48 years$946$534$287$149$75$6
49 years$916$510$270$138$69$5
50 years$888$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $909,000, adding $6,190 every year, while hoping to spend $21,518 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/38/8 Blend
56$909,000$909,000$909,000$909,000
57$1,008,103$959,926$945,836$1,060,262
58$1,088,035$984,067$954,627$1,120,414
59$1,175,398$1,008,670$962,991$1,182,956
60$1,270,928$1,033,735$970,891$1,250,505
61$1,375,436$1,059,261$978,288$1,323,541
62$1,489,811$1,085,246$985,142$1,402,589
63$1,615,036$1,111,687$991,409$1,488,228
64$1,752,193$1,138,582$997,044$1,581,098
65$1,902,470$1,165,927$1,001,998$1,681,902
66$2,067,180$1,193,715$1,006,223$1,791,412
67$2,247,765$1,221,940$1,009,665$1,910,481
68$2,445,817$1,250,595$1,012,269$2,040,048
69$2,663,087$1,279,671$1,013,976$2,181,148
70$2,901,504$1,309,157$1,014,727$2,334,918
71$3,163,194$1,339,042$1,014,456$2,502,614
72$3,450,496$1,369,311$1,013,097$2,685,618
73$3,765,990$1,399,951$1,010,578$2,885,453
74$4,112,516$1,430,943$1,006,828$3,103,795
75$4,493,202$1,462,270$1,001,767$3,342,494
76$4,911,497$1,493,909$995,314$3,603,585
77$5,371,198$1,525,839$987,385$3,889,312
78$5,876,488$1,558,033$977,890$4,202,147
79$6,431,977$1,590,463$966,737$4,544,815
80$7,042,742$1,623,099$953,826$4,920,317
81$7,714,379$1,655,908$939,056$5,331,960
82$8,453,050$1,688,853$922,319$5,783,390
83$9,265,548$1,721,893$903,504$6,278,622
84$10,159,355$1,754,987$882,492$6,822,083
85$11,142,715$1,788,087$859,161$7,418,649
86$12,224,711$1,821,142$833,382$8,073,696
87$13,415,352$1,854,099$805,022$8,793,147
88$14,725,666$1,886,898$773,938$9,583,528
89$16,167,804$1,919,475$739,984$10,452,033
90$17,755,153$1,951,763$703,007$11,406,590
91$19,502,466$1,983,687$662,845$12,455,935
92$21,425,998$2,015,168$619,330$13,609,695
93$23,543,660$2,046,121$572,288$14,878,481
94$25,875,188$2,076,456$521,535$16,273,985
95$28,442,330$2,106,075$466,879$17,809,096
96$31,269,047$2,134,873$408,119$19,498,014
97$34,381,747$2,162,738$345,048$21,356,391
98$37,809,524$2,189,552$277,447$23,401,477
99$41,584,442$2,215,186$205,087$25,652,280
100$45,741,828$2,239,503$127,731$28,129,752