Can I retire at age 57 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$75,395$74,723$74,068$73,428$72,804$70,615
2 years$37,324$36,629$35,955$35,302$34,669$32,482
3 years$24,636$23,937$23,265$22,618$21,995$19,879
4 years$18,293$17,597$16,931$16,295$15,687$13,658
5 years$14,488$13,796$13,139$12,516$11,925$9,988
6 years$11,952$11,265$10,619$10,009$9,436$7,593
7 years$10,141$9,461$8,824$8,229$7,674$5,925
8 years$8,784$8,110$7,484$6,903$6,366$4,710
9 years$7,729$7,061$6,446$5,880$5,361$3,796
10 years$6,886$6,224$5,619$5,069$4,568$3,092
11 years$6,196$5,541$4,947$4,411$3,929$2,539
12 years$5,621$4,973$4,391$3,869$3,405$2,098
13 years$5,136$4,494$3,923$3,416$2,969$1,743
14 years$4,720$4,085$3,525$3,032$2,602$1,454
15 years$4,360$3,732$3,182$2,704$2,291$1,217
16 years$4,045$3,424$2,885$2,421$2,025$1,022
17 years$3,767$3,153$2,625$2,176$1,796$860
18 years$3,521$2,914$2,397$1,961$1,597$725
19 years$3,301$2,700$2,194$1,772$1,423$612
20 years$3,103$2,509$2,014$1,605$1,271$518
21 years$2,924$2,337$1,852$1,456$1,138$438
22 years$2,762$2,182$1,707$1,324$1,020$371
23 years$2,614$2,041$1,576$1,206$915$315
24 years$2,478$1,912$1,458$1,100$823$267
25 years$2,354$1,794$1,350$1,004$740$227
26 years$2,239$1,686$1,252$918$667$193
27 years$2,133$1,587$1,163$841$601$164
28 years$2,035$1,495$1,081$770$542$139
29 years$1,944$1,411$1,006$706$490$118
30 years$1,858$1,332$937$648$443$101
31 years$1,779$1,259$873$595$400$86
32 years$1,705$1,192$815$547$362$73
33 years$1,635$1,129$761$503$328$62
34 years$1,570$1,070$711$463$297$53
35 years$1,508$1,015$665$426$269$45
36 years$1,450$963$622$392$243$38
37 years$1,395$915$582$362$221$33
38 years$1,344$869$545$333$200$28
39 years$1,295$826$511$307$181$24
40 years$1,248$786$479$283$164$20
41 years$1,204$749$449$262$149$17
42 years$1,162$713$421$241$135$15
43 years$1,123$679$395$223$123$12
44 years$1,085$647$371$206$112$11
45 years$1,049$617$348$190$101$9
46 years$1,014$589$327$175$92$8
47 years$981$562$307$162$83$7
48 years$950$537$289$150$76$6
49 years$920$512$271$138$69$5
50 years$891$489$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $913,000, adding $3,287 every year, while hoping to spend $42,290 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: 40/48/12 Blend
56$913,000$913,000$913,000$913,000
57$1,009,517$961,128$946,976$1,046,154
58$1,067,491$963,227$933,704$1,074,427
59$1,129,961$964,011$918,569$1,100,579
60$1,197,342$963,372$901,465$1,127,937
61$1,270,087$961,193$882,281$1,156,630
62$1,348,697$957,353$860,898$1,186,801
63$1,433,720$951,719$837,194$1,218,613
64$1,525,760$944,154$811,041$1,252,245
65$1,625,481$934,511$782,305$1,287,899
66$1,733,613$922,635$750,844$1,325,803
67$1,850,958$908,360$716,514$1,366,207
68$1,978,398$891,512$679,159$1,409,395
69$2,116,904$871,906$638,621$1,455,681
70$2,267,544$849,346$594,731$1,505,416
71$2,431,493$823,623$547,314$1,558,993
72$2,610,044$794,519$496,187$1,616,848
73$2,804,619$761,801$441,159$1,679,467
74$3,016,783$725,222$382,032$1,747,392
75$3,248,260$684,523$318,595$1,821,226
76$3,500,946$639,429$250,632$1,901,640
77$3,776,930$589,647$177,915$1,989,378
78$4,078,508$534,872$100,206$2,085,271
79$4,408,212$474,777$17,260$2,190,238
80$4,768,828$409,018$0$2,305,304
81$5,163,422$337,234$0$2,440,727
82$5,595,371$259,039$0$2,591,597
83$6,068,396$174,029$0$2,757,136
84$6,586,593$81,776$0$2,938,934
85$7,154,470$0$0$3,138,752
86$7,776,996$0$0$3,368,137
87$8,459,643$0$0$3,667,159
88$9,208,435$0$0$3,995,278
89$10,030,010$0$0$4,355,419
90$10,931,678$0$0$4,750,801
91$11,921,493$0$0$5,184,973
92$13,008,325$0$0$5,661,843
93$14,201,945$0$0$6,185,716
94$15,513,117$0$0$6,761,334
95$16,953,700$0$0$7,393,922
96$18,536,758$0$0$8,089,237
97$20,276,681$0$0$8,853,619
98$22,189,326$0$0$9,694,056
99$24,292,159$0$0$10,618,245
100$26,604,427$0$0$11,634,665