Can I retire at age 57 with 912,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$75,312$74,641$73,987$73,348$72,724$69,949
2 years$37,283$36,589$35,916$35,263$34,631$31,868
3 years$24,609$23,911$23,240$22,594$21,971$19,307
4 years$18,273$17,577$16,913$16,277$15,670$13,125
5 years$14,472$13,781$13,125$12,503$11,912$9,493
6 years$11,939$11,253$10,607$9,998$9,426$7,134
7 years$10,130$9,450$8,814$8,220$7,666$5,500
8 years$8,775$8,101$7,475$6,896$6,359$4,318
9 years$7,721$7,053$6,438$5,874$5,355$3,436
10 years$6,878$6,217$5,613$5,063$4,563$2,762
11 years$6,189$5,535$4,942$4,406$3,924$2,237
12 years$5,615$4,968$4,386$3,865$3,401$1,823
13 years$5,130$4,489$3,918$3,412$2,966$1,493
14 years$4,715$4,081$3,521$3,029$2,600$1,228
15 years$4,355$3,728$3,179$2,701$2,289$1,013
16 years$4,041$3,420$2,882$2,419$2,023$837
17 years$3,763$3,150$2,622$2,173$1,794$694
18 years$3,517$2,911$2,394$1,959$1,595$576
19 years$3,297$2,697$2,192$1,770$1,422$478
20 years$3,100$2,507$2,011$1,603$1,270$398
21 years$2,921$2,335$1,850$1,455$1,136$332
22 years$2,759$2,179$1,705$1,323$1,019$276
23 years$2,611$2,038$1,574$1,205$914$230
24 years$2,476$1,910$1,456$1,099$822$192
25 years$2,351$1,792$1,349$1,003$739$161
26 years$2,237$1,684$1,251$917$666$134
27 years$2,131$1,585$1,161$840$601$112
28 years$2,033$1,494$1,080$769$542$94
29 years$1,941$1,409$1,005$705$489$78
30 years$1,856$1,331$936$647$442$65
31 years$1,777$1,258$872$595$400$55
32 years$1,703$1,190$814$547$362$46
33 years$1,633$1,127$760$503$327$38
34 years$1,568$1,068$710$462$296$32
35 years$1,506$1,013$664$426$268$27
36 years$1,448$962$621$392$243$22
37 years$1,394$914$581$361$220$19
38 years$1,342$868$544$333$200$16
39 years$1,293$826$510$307$181$13
40 years$1,247$785$478$283$164$11
41 years$1,203$748$448$261$149$9
42 years$1,161$712$420$241$135$8
43 years$1,121$678$395$223$123$6
44 years$1,084$647$370$205$111$5
45 years$1,048$617$348$190$101$5
46 years$1,013$588$327$175$92$4
47 years$980$561$307$162$83$3
48 years$949$536$288$150$76$3
49 years$919$512$271$138$69$2
50 years$890$489$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $912,000, adding $3,176 every year, while hoping to spend $48,748 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: 51/24/25 Blend
56$912,000$912,000$912,000$912,000
57$1,008,300$959,964$945,828$1,052,507
58$1,059,279$955,135$925,646$1,078,707
59$1,113,824$948,435$903,154$1,101,982
60$1,172,248$939,722$878,223$1,126,304
61$1,234,892$928,843$850,718$1,151,791
62$1,302,133$915,638$820,499$1,178,579
63$1,374,383$899,937$787,418$1,206,818
64$1,452,094$881,558$751,321$1,236,677
65$1,535,764$860,311$712,047$1,268,347
66$1,625,938$835,993$669,426$1,302,039
67$1,723,217$808,389$623,285$1,337,991
68$1,828,257$777,272$573,437$1,376,469
69$1,941,784$742,403$519,692$1,417,769
70$2,064,593$703,528$461,849$1,462,223
71$2,197,558$660,377$399,697$1,510,200
72$2,341,639$612,666$333,017$1,562,114
73$2,497,895$560,096$261,582$1,618,423
74$2,667,488$502,347$185,153$1,679,638
75$2,851,695$439,086$103,479$1,746,331
76$3,051,924$369,957$16,301$1,819,135
77$3,269,720$294,585$0$1,898,754
78$3,506,787$212,575$0$2,006,442
79$3,764,996$123,508$0$2,128,572
80$4,046,409$26,943$0$2,261,836
81$4,353,293$0$0$2,407,393
82$4,688,146$0$0$2,587,011
83$5,053,714$0$0$2,790,962
84$5,453,022$0$0$3,013,827
85$5,889,401$0$0$3,257,478
86$6,366,515$0$0$3,523,973
87$6,888,402$0$0$3,815,578
88$7,459,505$0$0$4,134,790
89$8,084,717$0$0$4,484,358
90$8,769,429$0$0$4,867,308
91$9,519,573$0$0$5,286,973
92$10,341,685$0$0$5,747,025
93$11,242,962$0$0$6,251,507
94$12,231,333$0$0$6,804,872
95$13,315,527$0$0$7,412,026
96$14,505,162$0$0$8,078,370
97$15,810,830$0$0$8,809,856
98$17,244,200$0$0$9,613,040
99$18,818,124$0$0$10,495,143
100$20,546,762$0$0$11,464,120