Can I retire at age 57 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,147$74,478$73,825$73,187$72,565$70,955
2 years$37,201$36,509$35,837$35,186$34,555$32,941
3 years$24,555$23,859$23,189$22,544$21,923$20,356
4 years$18,232$17,539$16,876$16,242$15,636$14,127
5 years$14,440$13,751$13,096$12,475$11,886$10,441
6 years$11,913$11,228$10,584$9,977$9,405$8,024
7 years$10,108$9,430$8,795$8,202$7,649$6,333
8 years$8,755$8,083$7,459$6,881$6,345$5,094
9 years$7,704$7,038$6,424$5,861$5,344$4,155
10 years$6,863$6,203$5,601$5,052$4,553$3,427
11 years$6,175$5,522$4,931$4,397$3,916$2,850
12 years$5,603$4,957$4,376$3,857$3,393$2,387
13 years$5,119$4,479$3,910$3,405$2,959$2,010
14 years$4,704$4,072$3,513$3,022$2,594$1,700
15 years$4,345$3,719$3,172$2,695$2,284$1,443
16 years$4,032$3,413$2,876$2,413$2,019$1,229
17 years$3,755$3,143$2,617$2,168$1,790$1,049
18 years$3,510$2,904$2,389$1,954$1,591$898
19 years$3,290$2,692$2,187$1,766$1,418$769
20 years$3,093$2,501$2,007$1,599$1,267$661
21 years$2,915$2,330$1,846$1,451$1,134$568
22 years$2,753$2,175$1,701$1,320$1,016$489
23 years$2,605$2,034$1,571$1,202$912$421
24 years$2,470$1,906$1,453$1,096$820$363
25 years$2,346$1,788$1,346$1,001$738$313
26 years$2,232$1,681$1,248$915$665$270
27 years$2,126$1,582$1,159$838$599$233
28 years$2,028$1,491$1,077$768$541$202
29 years$1,937$1,406$1,003$704$488$174
30 years$1,852$1,328$934$646$441$151
31 years$1,773$1,255$871$593$399$130
32 years$1,699$1,188$812$545$361$113
33 years$1,630$1,125$758$501$326$98
34 years$1,564$1,066$709$461$296$84
35 years$1,503$1,011$662$425$268$73
36 years$1,445$960$620$391$243$63
37 years$1,391$912$580$360$220$55
38 years$1,339$866$543$332$199$47
39 years$1,290$824$509$306$181$41
40 years$1,244$784$477$283$164$36
41 years$1,200$746$447$261$149$31
42 years$1,159$711$420$241$135$27
43 years$1,119$677$394$222$122$23
44 years$1,081$645$370$205$111$20
45 years$1,045$615$347$189$101$17
46 years$1,011$587$326$175$92$15
47 years$978$560$306$162$83$13
48 years$947$535$288$149$76$11
49 years$917$511$270$138$69$10
50 years$888$488$254$128$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $910,000, adding $5,784 every year, while hoping to spend $40,773 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: 81/9/10 Blend
56$910,000$910,000$910,000$910,000
57$1,008,786$960,556$946,451$1,088,425
58$1,068,300$964,241$934,775$1,145,150
59$1,132,518$966,740$921,341$1,201,443
60$1,201,877$967,952$906,048$1,262,015
61$1,276,856$967,770$888,788$1,327,274
62$1,357,983$966,079$869,451$1,397,667
63$1,445,838$962,757$847,918$1,473,689
64$1,541,059$957,678$824,069$1,555,885
65$1,644,346$950,703$797,774$1,644,854
66$1,756,471$941,689$768,901$1,741,257
67$1,878,281$930,481$737,309$1,845,822
68$2,010,709$916,918$702,852$1,959,351
69$2,154,781$900,827$665,378$2,082,729
70$2,311,626$882,025$624,726$2,216,930
71$2,482,487$860,320$580,729$2,363,027
72$2,668,731$835,505$533,213$2,522,203
73$2,871,862$807,366$481,997$2,695,763
74$3,093,536$775,671$426,888$2,885,142
75$3,335,577$740,179$367,688$3,091,926
76$3,599,990$700,632$304,191$3,317,860
77$3,888,986$656,759$236,177$3,564,868
78$4,204,995$608,274$163,422$3,835,071
79$4,550,697$554,871$85,689$4,130,805
80$4,929,039$496,231$2,731$4,454,647
81$5,343,268$432,013$0$4,809,438
82$5,796,960$361,861$0$5,207,462
83$6,294,052$285,394$0$5,643,919
84$6,838,880$202,213$0$6,122,352
85$7,436,220$111,895$0$6,646,983
86$8,091,331$13,995$0$7,222,465
87$8,810,007$0$0$7,853,924
88$9,598,629$0$0$8,556,117
89$10,464,226$0$0$9,328,393
90$11,414,539$0$0$10,176,278
91$12,458,097$0$0$11,107,383
92$13,604,296$0$0$12,130,095
93$14,863,484$0$0$13,253,650
94$16,247,063$0$0$14,488,226
95$17,767,594$0$0$15,845,034
96$19,438,913$0$0$17,336,425
97$21,276,267$0$0$18,976,006
98$23,296,450$0$0$20,778,770
99$25,517,966$0$0$22,761,233
100$27,961,204$0$0$24,941,593