Can I retire at age 57 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$75,477$74,805$74,149$73,509$72,884$72,213
2 years$37,365$36,669$35,995$35,341$34,706$34,030
3 years$24,663$23,964$23,291$22,643$22,019$21,359
4 years$18,313$17,616$16,950$16,313$15,704$15,065
5 years$14,504$13,811$13,154$12,530$11,938$11,322
6 years$11,965$11,278$10,630$10,020$9,446$8,854
7 years$10,153$9,471$8,834$8,238$7,682$7,114
8 years$8,794$8,118$7,492$6,911$6,373$5,828
9 years$7,738$7,069$6,453$5,887$5,367$4,846
10 years$6,893$6,231$5,626$5,074$4,573$4,075
11 years$6,203$5,547$4,953$4,416$3,933$3,458
12 years$5,628$4,978$4,395$3,874$3,408$2,956
13 years$5,141$4,499$3,927$3,420$2,972$2,542
14 years$4,725$4,090$3,528$3,036$2,605$2,197
15 years$4,365$3,736$3,186$2,707$2,294$1,906
16 years$4,049$3,428$2,888$2,424$2,027$1,660
17 years$3,772$3,157$2,628$2,178$1,798$1,450
18 years$3,525$2,917$2,399$1,963$1,598$1,269
19 years$3,305$2,703$2,196$1,774$1,425$1,114
20 years$3,106$2,512$2,016$1,606$1,273$979
21 years$2,927$2,340$1,854$1,458$1,139$862
22 years$2,765$2,184$1,709$1,326$1,021$760
23 years$2,617$2,043$1,578$1,207$916$671
24 years$2,481$1,914$1,459$1,101$824$594
25 years$2,356$1,796$1,351$1,006$741$525
26 years$2,242$1,688$1,253$919$668$465
27 years$2,135$1,589$1,164$842$602$412
28 years$2,037$1,497$1,082$771$543$365
29 years$1,946$1,412$1,007$707$490$324
30 years$1,861$1,334$938$649$443$288
31 years$1,781$1,261$874$596$401$256
32 years$1,707$1,193$816$548$362$227
33 years$1,637$1,130$762$504$328$202
34 years$1,571$1,071$712$463$297$179
35 years$1,510$1,016$665$427$269$160
36 years$1,452$964$622$393$244$142
37 years$1,397$916$583$362$221$126
38 years$1,345$870$546$334$200$112
39 years$1,296$827$511$308$182$100
40 years$1,250$787$479$284$165$89
41 years$1,206$749$449$262$149$79
42 years$1,164$714$421$242$136$71
43 years$1,124$680$395$223$123$63
44 years$1,086$648$371$206$112$56
45 years$1,050$618$349$190$101$50
46 years$1,015$590$327$176$92$44
47 years$983$563$308$162$84$40
48 years$951$537$289$150$76$35
49 years$921$513$272$139$69$31
50 years$892$490$255$128$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $914,000, adding $4,853 every year, while hoping to spend $47,939 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: 31/39/30 Blend
56$914,000$914,000$914,000$914,000
57$1,012,234$963,792$949,625$1,034,223
58$1,064,475$960,011$930,431$1,047,976
59$1,120,438$954,438$908,987$1,058,263
60$1,180,452$946,935$885,167$1,068,411
61$1,244,878$937,354$858,840$1,078,442
62$1,314,112$925,541$829,867$1,088,385
63$1,388,588$911,330$798,105$1,098,276
64$1,468,786$894,546$763,403$1,108,162
65$1,555,228$875,005$725,603$1,118,095
66$1,648,490$852,510$684,540$1,128,142
67$1,749,207$826,853$640,042$1,138,381
68$1,858,072$797,815$591,930$1,148,904
69$1,975,851$765,164$540,015$1,159,819
70$2,103,383$728,652$484,101$1,171,250
71$2,241,593$688,020$423,983$1,183,345
72$2,391,495$642,993$359,446$1,196,270
73$2,554,207$593,279$290,267$1,210,219
74$2,730,957$538,571$216,212$1,225,413
75$2,923,097$478,543$137,037$1,242,106
76$3,132,112$412,851$52,488$1,260,586
77$3,359,640$341,133$0$1,281,180
78$3,607,478$263,004$0$1,316,342
79$3,877,609$178,059$0$1,373,128
80$4,172,212$85,870$0$1,435,286
81$4,493,685$0$0$1,503,452
82$4,844,669$0$0$1,584,345
83$5,228,071$0$0$1,713,096
84$5,647,092$0$0$1,853,945
85$6,105,255$0$0$2,008,093
86$6,606,437$0$0$2,176,863
87$7,154,912$0$0$2,361,712
88$7,755,382$0$0$2,564,244
89$8,413,025$0$0$2,786,226
90$9,133,546$0$0$3,029,604
91$9,923,225$0$0$3,296,520
92$10,788,981$0$0$3,589,336
93$11,738,431$0$0$3,910,651
94$12,779,968$0$0$4,263,328
95$13,922,835$0$0$4,650,524
96$15,177,212$0$0$5,075,712
97$16,554,315$0$0$5,542,720
98$18,066,496$0$0$6,055,765
99$19,727,365$0$0$6,619,494
100$21,551,912$0$0$7,239,023