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%19.7%
1 years$75,395$74,723$74,068$73,428$72,804$69,971
2 years$37,324$36,629$35,955$35,302$34,669$31,848
3 years$24,636$23,937$23,265$22,618$21,995$19,277
4 years$18,293$17,597$16,931$16,295$15,687$13,091
5 years$14,488$13,796$13,139$12,516$11,925$9,458
6 years$11,952$11,265$10,619$10,009$9,436$7,100
7 years$10,141$9,461$8,824$8,229$7,674$5,468
8 years$8,784$8,110$7,484$6,903$6,366$4,288
9 years$7,729$7,061$6,446$5,880$5,361$3,408
10 years$6,886$6,224$5,619$5,069$4,568$2,736
11 years$6,196$5,541$4,947$4,411$3,929$2,213
12 years$5,621$4,973$4,391$3,869$3,405$1,801
13 years$5,136$4,494$3,923$3,416$2,969$1,473
14 years$4,720$4,085$3,525$3,032$2,602$1,209
15 years$4,360$3,732$3,182$2,704$2,291$996
16 years$4,045$3,424$2,885$2,421$2,025$822
17 years$3,767$3,153$2,625$2,176$1,796$680
18 years$3,521$2,914$2,397$1,961$1,597$564
19 years$3,301$2,700$2,194$1,772$1,423$468
20 years$3,103$2,509$2,014$1,605$1,271$389
21 years$2,924$2,337$1,852$1,456$1,138$323
22 years$2,762$2,182$1,707$1,324$1,020$269
23 years$2,614$2,041$1,576$1,206$915$224
24 years$2,478$1,912$1,458$1,100$823$187
25 years$2,354$1,794$1,350$1,004$740$156
26 years$2,239$1,686$1,252$918$667$130
27 years$2,133$1,587$1,163$841$601$108
28 years$2,035$1,495$1,081$770$542$90
29 years$1,944$1,411$1,006$706$490$75
30 years$1,858$1,332$937$648$443$63
31 years$1,779$1,259$873$595$400$52
32 years$1,705$1,192$815$547$362$44
33 years$1,635$1,129$761$503$328$37
34 years$1,570$1,070$711$463$297$31
35 years$1,508$1,015$665$426$269$26
36 years$1,450$963$622$392$243$21
37 years$1,395$915$582$362$221$18
38 years$1,344$869$545$333$200$15
39 years$1,295$826$511$307$181$12
40 years$1,248$786$479$283$164$10
41 years$1,204$749$449$262$149$9
42 years$1,162$713$421$241$135$7
43 years$1,123$679$395$223$123$6
44 years$1,085$647$371$206$112$5
45 years$1,049$617$348$190$101$4
46 years$1,014$589$327$175$92$4
47 years$981$562$307$162$83$3
48 years$950$537$289$150$76$2
49 years$920$512$271$138$69$2
50 years$891$489$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $913,000, adding $3,980 every year, while hoping to spend $28,546 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: 36/36/28 Blend
56$913,000$913,000$913,000$913,000
57$1,010,231$961,842$947,691$1,037,990
58$1,082,902$978,600$949,066$1,075,744
59$1,162,029$995,222$949,530$1,113,608
60$1,248,239$1,011,671$949,023$1,153,937
61$1,342,226$1,027,909$947,481$1,196,974
62$1,444,748$1,043,892$944,837$1,242,985
63$1,556,645$1,059,575$941,022$1,292,264
64$1,678,838$1,074,910$935,961$1,345,138
65$1,812,343$1,089,843$929,579$1,401,968
66$1,958,276$1,104,320$921,794$1,463,152
67$2,117,868$1,118,280$912,522$1,529,133
68$2,292,474$1,131,659$901,675$1,600,396
69$2,483,585$1,144,389$889,160$1,677,483
70$2,692,843$1,156,397$874,879$1,760,988
71$2,922,058$1,167,605$858,733$1,851,570
72$3,173,221$1,177,930$840,613$1,949,959
73$3,448,525$1,187,285$820,410$2,056,958
74$3,750,387$1,195,574$798,006$2,173,457
75$4,081,468$1,202,699$773,280$2,300,439
76$4,444,698$1,208,551$746,105$2,438,989
77$4,843,305$1,213,018$716,348$2,590,307
78$5,280,846$1,215,979$683,869$2,755,717
79$5,761,236$1,217,307$648,523$2,936,684
80$6,288,792$1,216,864$610,158$3,134,824
81$6,868,265$1,214,507$568,615$3,351,921
82$7,504,892$1,210,082$523,727$3,589,948
83$8,204,441$1,203,426$475,322$3,851,080
84$8,973,267$1,194,366$423,218$4,137,722
85$9,818,370$1,182,720$367,226$4,452,526
86$10,747,463$1,168,293$307,147$4,798,423
87$11,769,043$1,150,879$242,776$5,178,646
88$12,892,474$1,130,259$173,896$5,596,764
89$14,128,068$1,106,204$100,284$6,056,717
90$15,487,190$1,078,467$21,703$6,562,853
91$16,982,361$1,046,790$0$7,119,971
92$18,627,378$1,010,899$0$7,751,937
93$20,437,440$970,502$0$8,454,150
94$22,429,296$925,294$0$9,226,647
95$24,621,399$874,948$0$10,076,626
96$27,034,082$819,121$0$11,012,023
97$29,689,750$757,449$0$12,041,589
98$32,613,089$689,549$0$13,174,970
99$35,831,301$615,013$0$14,422,805
100$39,374,358$533,413$0$15,796,821