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%16.3%
1 years$75,230$74,559$73,906$73,268$72,644$70,773
2 years$37,242$36,549$35,877$35,225$34,593$32,720
3 years$24,582$23,885$23,214$22,569$21,947$20,131
4 years$18,252$17,558$16,894$16,260$15,653$13,908
5 years$14,456$13,766$13,111$12,489$11,899$10,230
6 years$11,926$11,241$10,595$9,987$9,415$7,824
7 years$10,119$9,440$8,805$8,211$7,657$6,143
8 years$8,765$8,092$7,467$6,888$6,352$4,916
9 years$7,712$7,045$6,431$5,867$5,350$3,988
10 years$6,870$6,210$5,607$5,058$4,558$3,271
11 years$6,182$5,529$4,936$4,402$3,920$2,705
12 years$5,609$4,962$4,381$3,861$3,397$2,252
13 years$5,125$4,484$3,914$3,409$2,962$1,885
14 years$4,710$4,076$3,517$3,026$2,597$1,584
15 years$4,350$3,724$3,175$2,698$2,286$1,337
16 years$4,036$3,416$2,879$2,416$2,021$1,131
17 years$3,759$3,146$2,620$2,171$1,792$959
18 years$3,513$2,907$2,391$1,956$1,593$815
19 years$3,294$2,694$2,189$1,768$1,420$694
20 years$3,096$2,504$2,009$1,601$1,268$592
21 years$2,918$2,332$1,848$1,453$1,135$505
22 years$2,756$2,177$1,703$1,321$1,017$432
23 years$2,608$2,036$1,573$1,203$913$369
24 years$2,473$1,908$1,454$1,097$821$316
25 years$2,349$1,790$1,347$1,002$739$271
26 years$2,234$1,683$1,249$916$665$232
27 years$2,128$1,584$1,160$839$600$199
28 years$2,030$1,492$1,078$768$541$171
29 years$1,939$1,408$1,004$705$489$146
30 years$1,854$1,329$935$647$442$126
31 years$1,775$1,257$872$594$399$108
32 years$1,701$1,189$813$546$361$93
33 years$1,631$1,126$759$502$327$80
34 years$1,566$1,067$709$462$296$68
35 years$1,505$1,012$663$425$268$59
36 years$1,447$961$620$392$243$50
37 years$1,392$913$581$361$220$43
38 years$1,341$867$544$333$200$37
39 years$1,292$825$509$307$181$32
40 years$1,245$785$478$283$164$28
41 years$1,202$747$448$261$149$24
42 years$1,160$711$420$241$135$20
43 years$1,120$678$394$222$123$17
44 years$1,082$646$370$205$111$15
45 years$1,046$616$347$190$101$13
46 years$1,012$588$326$175$92$11
47 years$979$561$307$162$83$10
48 years$948$535$288$149$76$8
49 years$918$511$271$138$69$7
50 years$889$488$255$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $911,000, adding $2,321 every year, while hoping to spend $36,552 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: 41/31/28 Blend
56$911,000$911,000$911,000$911,000
57$1,006,316$958,033$943,913$1,039,207
58$1,070,069$966,086$936,643$1,071,268
59$1,139,100$973,308$927,904$1,102,358
60$1,213,909$979,620$917,609$1,135,316
61$1,295,044$984,938$905,666$1,170,334
62$1,383,111$989,172$891,978$1,207,630
63$1,478,774$992,227$876,444$1,247,442
64$1,582,763$994,001$858,960$1,290,039
65$1,695,884$994,386$839,414$1,335,717
66$1,819,022$993,268$817,692$1,384,804
67$1,953,149$990,526$793,672$1,437,667
68$2,099,338$986,029$767,227$1,494,711
69$2,258,767$979,641$738,226$1,556,385
70$2,432,735$971,218$706,531$1,623,191
71$2,622,671$960,604$671,996$1,695,680
72$2,830,146$947,636$634,471$1,774,467
73$3,056,893$932,142$593,797$1,860,233
74$3,304,817$913,938$549,811$1,953,731
75$3,576,017$892,830$502,338$2,055,797
76$3,872,804$868,612$451,200$2,167,355
77$4,197,723$841,067$396,208$2,289,431
78$4,553,574$809,963$337,165$2,423,158
79$4,943,445$775,057$273,866$2,569,792
80$5,370,733$736,092$206,097$2,730,723
81$5,839,180$692,793$133,633$2,907,488
82$6,352,909$644,872$56,243$3,101,788
83$6,916,460$592,025$0$3,315,505
84$7,534,832$533,927$0$3,558,592
85$8,213,535$470,240$0$3,843,921
86$8,958,635$400,601$0$4,157,295
87$9,776,816$324,631$0$4,501,610
88$10,675,440$241,926$0$4,880,060
89$11,662,617$152,063$0$5,296,171
90$12,747,283$54,593$0$5,753,834
91$13,939,279$0$0$6,257,340
92$15,249,449$0$0$6,828,810
93$16,689,741$0$0$7,477,635
94$18,273,315$0$0$8,191,137
95$20,014,672$0$0$8,975,865
96$21,929,788$0$0$9,839,037
97$24,036,265$0$0$10,788,603
98$26,353,495$0$0$11,833,324
99$28,902,848$0$0$12,982,850
100$31,707,866$0$0$14,247,818