Can I retire at age 57 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$75,312$74,641$73,987$73,348$72,724$71,461
2 years$37,283$36,589$35,916$35,263$34,631$33,362
3 years$24,609$23,911$23,240$22,594$21,971$20,736
4 years$18,273$17,577$16,913$16,277$15,670$14,479
5 years$14,472$13,781$13,125$12,503$11,912$10,768
6 years$11,939$11,253$10,607$9,998$9,426$8,330
7 years$10,130$9,450$8,814$8,220$7,666$6,619
8 years$8,775$8,101$7,475$6,896$6,359$5,361
9 years$7,721$7,053$6,438$5,874$5,355$4,405
10 years$6,878$6,217$5,613$5,063$4,563$3,660
11 years$6,189$5,535$4,942$4,406$3,924$3,067
12 years$5,615$4,968$4,386$3,865$3,401$2,588
13 years$5,130$4,489$3,918$3,412$2,966$2,197
14 years$4,715$4,081$3,521$3,029$2,600$1,873
15 years$4,355$3,728$3,179$2,701$2,289$1,604
16 years$4,041$3,420$2,882$2,419$2,023$1,377
17 years$3,763$3,150$2,622$2,173$1,794$1,186
18 years$3,517$2,911$2,394$1,959$1,595$1,024
19 years$3,297$2,697$2,192$1,770$1,422$885
20 years$3,100$2,507$2,011$1,603$1,270$767
21 years$2,921$2,335$1,850$1,455$1,136$665
22 years$2,759$2,179$1,705$1,323$1,019$578
23 years$2,611$2,038$1,574$1,205$914$502
24 years$2,476$1,910$1,456$1,099$822$437
25 years$2,351$1,792$1,349$1,003$739$381
26 years$2,237$1,684$1,251$917$666$332
27 years$2,131$1,585$1,161$840$601$289
28 years$2,033$1,494$1,080$769$542$253
29 years$1,941$1,409$1,005$705$489$220
30 years$1,856$1,331$936$647$442$193
31 years$1,777$1,258$872$595$400$168
32 years$1,703$1,190$814$547$362$147
33 years$1,633$1,127$760$503$327$128
34 years$1,568$1,068$710$462$296$112
35 years$1,506$1,013$664$426$268$98
36 years$1,448$962$621$392$243$86
37 years$1,394$914$581$361$220$75
38 years$1,342$868$544$333$200$66
39 years$1,293$826$510$307$181$58
40 years$1,247$785$478$283$164$50
41 years$1,203$748$448$261$149$44
42 years$1,161$712$420$241$135$39
43 years$1,121$678$395$223$123$34
44 years$1,084$647$370$205$111$30
45 years$1,048$617$348$190$101$26
46 years$1,013$588$327$175$92$23
47 years$980$561$307$162$83$20
48 years$949$536$288$150$76$17
49 years$919$512$271$138$69$15
50 years$890$489$255$128$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $912,000, adding $2,197 every year, while hoping to spend $22,071 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: 54/37/9 Blend
56$912,000$912,000$912,000$912,000
57$1,007,290$958,954$944,818$1,059,327
58$1,086,550$982,460$952,986$1,118,339
59$1,173,155$1,006,377$960,688$1,179,931
60$1,267,831$1,030,703$967,885$1,246,440
61$1,371,377$1,055,435$974,536$1,318,336
62$1,484,672$1,080,566$980,598$1,396,136
63$1,608,686$1,106,091$986,026$1,480,410
64$1,744,486$1,132,003$990,771$1,571,786
65$1,893,246$1,158,294$994,785$1,670,956
66$2,056,261$1,184,954$998,014$1,778,680
67$2,234,955$1,211,973$1,000,403$1,895,799
68$2,430,898$1,239,337$1,001,894$2,023,235
69$2,645,819$1,267,033$1,002,426$2,162,006
70$2,881,621$1,295,046$1,001,936$2,313,234
71$3,140,402$1,323,359$1,000,356$2,478,153
72$3,424,471$1,351,952$997,616$2,658,124
73$3,736,373$1,380,804$993,643$2,854,646
74$4,078,911$1,409,891$988,358$3,069,372
75$4,455,174$1,439,189$981,681$3,304,121
76$4,868,561$1,468,670$973,528$3,560,899
77$5,322,822$1,498,302$963,808$3,841,916
78$5,822,084$1,528,053$952,430$4,149,607
79$6,370,895$1,557,885$939,294$4,486,656
80$6,974,265$1,587,761$924,300$4,856,019
81$7,637,716$1,617,638$907,340$5,260,955
82$8,367,330$1,647,468$888,303$5,705,056
83$9,169,807$1,677,204$867,070$6,192,279
84$10,052,530$1,706,790$843,520$6,726,985
85$11,023,634$1,736,169$817,524$7,313,981
86$12,092,082$1,765,278$788,948$7,958,564
87$13,267,749$1,794,051$757,653$8,666,571
88$14,561,516$1,822,416$723,490$9,444,435
89$15,985,371$1,850,295$686,307$10,299,248
90$17,552,524$1,877,605$645,944$11,238,823
91$19,277,532$1,904,257$602,234$12,271,771
92$21,176,432$1,930,158$555,000$13,407,585
93$23,266,896$1,955,203$504,061$14,656,723
94$25,568,397$1,979,286$449,225$16,030,714
95$28,102,393$2,002,290$390,292$17,542,263
96$30,892,525$2,024,091$327,055$19,205,372
97$33,964,847$2,044,555$259,296$21,035,473
98$37,348,066$2,063,544$186,787$23,049,574
99$41,073,816$2,080,905$109,292$25,266,418
100$45,176,954$2,096,478$26,562$27,706,664