Can I retire at age 57 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$75,230$74,559$73,906$73,268$72,644$71,091
2 years$37,242$36,549$35,877$35,225$34,593$33,035
3 years$24,582$23,885$23,214$22,569$21,947$20,434
4 years$18,252$17,558$16,894$16,260$15,653$14,196
5 years$14,456$13,766$13,111$12,489$11,899$10,502
6 years$11,926$11,241$10,595$9,987$9,415$8,080
7 years$10,119$9,440$8,805$8,211$7,657$6,384
8 years$8,765$8,092$7,467$6,888$6,352$5,141
9 years$7,712$7,045$6,431$5,867$5,350$4,199
10 years$6,870$6,210$5,607$5,058$4,558$3,467
11 years$6,182$5,529$4,936$4,402$3,920$2,888
12 years$5,609$4,962$4,381$3,861$3,397$2,421
13 years$5,125$4,484$3,914$3,409$2,962$2,041
14 years$4,710$4,076$3,517$3,026$2,597$1,729
15 years$4,350$3,724$3,175$2,698$2,286$1,470
16 years$4,036$3,416$2,879$2,416$2,021$1,253
17 years$3,759$3,146$2,620$2,171$1,792$1,072
18 years$3,513$2,907$2,391$1,956$1,593$918
19 years$3,294$2,694$2,189$1,768$1,420$788
20 years$3,096$2,504$2,009$1,601$1,268$678
21 years$2,918$2,332$1,848$1,453$1,135$583
22 years$2,756$2,177$1,703$1,321$1,017$503
23 years$2,608$2,036$1,573$1,203$913$434
24 years$2,473$1,908$1,454$1,097$821$375
25 years$2,349$1,790$1,347$1,002$739$324
26 years$2,234$1,683$1,249$916$665$280
27 years$2,128$1,584$1,160$839$600$242
28 years$2,030$1,492$1,078$768$541$210
29 years$1,939$1,408$1,004$705$489$181
30 years$1,854$1,329$935$647$442$157
31 years$1,775$1,257$872$594$399$136
32 years$1,701$1,189$813$546$361$118
33 years$1,631$1,126$759$502$327$102
34 years$1,566$1,067$709$462$296$89
35 years$1,505$1,012$663$425$268$77
36 years$1,447$961$620$392$243$67
37 years$1,392$913$581$361$220$58
38 years$1,341$867$544$333$200$50
39 years$1,292$825$509$307$181$44
40 years$1,245$785$478$283$164$38
41 years$1,202$747$448$261$149$33
42 years$1,160$711$420$241$135$28
43 years$1,120$678$394$222$123$25
44 years$1,082$646$370$205$111$21
45 years$1,046$616$347$190$101$19
46 years$1,012$588$326$175$92$16
47 years$979$561$307$162$83$14
48 years$948$535$288$149$76$12
49 years$918$511$271$138$69$11
50 years$889$488$255$128$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $911,000, adding $2,738 every year, while hoping to spend $43,017 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: 57/33/10 Blend
56$911,000$911,000$911,000$911,000
57$1,006,746$958,463$944,343$1,061,547
58$1,063,665$959,658$930,208$1,100,027
59$1,124,947$959,470$914,159$1,136,909
60$1,190,993$957,785$896,085$1,176,059
61$1,262,241$954,484$875,871$1,217,700
62$1,339,175$949,439$853,397$1,262,079
63$1,422,324$942,514$828,539$1,309,469
64$1,512,270$933,567$801,164$1,360,172
65$1,609,654$922,444$771,136$1,414,524
66$1,715,180$908,985$738,310$1,472,896
67$1,829,622$893,019$702,537$1,535,701
68$1,953,831$874,364$663,660$1,603,394
69$2,088,744$852,830$621,514$1,676,481
70$2,235,389$828,212$575,929$1,755,519
71$2,394,901$800,296$526,724$1,841,128
72$2,568,525$768,855$473,713$1,933,993
73$2,757,633$733,648$416,701$2,034,872
74$2,963,734$694,419$355,484$2,144,604
75$3,188,490$650,900$289,847$2,264,118
76$3,433,728$602,806$219,569$2,394,439
77$3,701,460$549,836$144,417$2,536,705
78$3,993,902$491,672$64,148$2,692,171
79$4,313,493$427,976$0$2,862,227
80$4,662,917$358,394$0$3,050,703
81$5,045,129$282,550$0$3,264,458
82$5,463,385$200,048$0$3,498,546
83$5,921,267$110,468$0$3,755,073
84$6,422,724$13,368$0$4,036,364
85$6,972,100$0$0$4,344,988
86$7,574,181$0$0$4,717,086
87$8,234,238$0$0$5,130,417
88$8,958,078$0$0$5,583,772
89$9,752,094$0$0$6,081,165
90$10,623,328$0$0$6,627,020
91$11,579,538$0$0$7,226,208
92$12,629,270$0$0$7,884,095
93$13,781,936$0$0$8,606,591
94$15,047,906$0$0$9,400,210
95$16,438,600$0$0$10,272,123
96$17,966,604$0$0$11,230,234
97$19,645,779$0$0$12,283,249
98$21,491,397$0$0$13,440,758
99$23,520,283$0$0$14,713,329
100$25,750,973$0$0$16,112,603