Can I retire at age 57 with 914,000?

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 $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%17.1%
1 years$75,477$74,805$74,149$73,509$72,884$70,778
2 years$37,365$36,669$35,995$35,341$34,706$32,601
3 years$24,663$23,964$23,291$22,643$22,019$19,981
4 years$18,313$17,616$16,950$16,313$15,704$13,749
5 years$14,504$13,811$13,154$12,530$11,938$10,070
6 years$11,965$11,278$10,630$10,020$9,446$7,668
7 years$10,153$9,471$8,834$8,238$7,682$5,994
8 years$8,794$8,118$7,492$6,911$6,373$4,773
9 years$7,738$7,069$6,453$5,887$5,367$3,854
10 years$6,893$6,231$5,626$5,074$4,573$3,145
11 years$6,203$5,547$4,953$4,416$3,933$2,588
12 years$5,628$4,978$4,395$3,874$3,408$2,143
13 years$5,141$4,499$3,927$3,420$2,972$1,784
14 years$4,725$4,090$3,528$3,036$2,605$1,491
15 years$4,365$3,736$3,186$2,707$2,294$1,251
16 years$4,049$3,428$2,888$2,424$2,027$1,052
17 years$3,772$3,157$2,628$2,178$1,798$887
18 years$3,525$2,917$2,399$1,963$1,598$750
19 years$3,305$2,703$2,196$1,774$1,425$635
20 years$3,106$2,512$2,016$1,606$1,273$538
21 years$2,927$2,340$1,854$1,458$1,139$456
22 years$2,765$2,184$1,709$1,326$1,021$388
23 years$2,617$2,043$1,578$1,207$916$329
24 years$2,481$1,914$1,459$1,101$824$280
25 years$2,356$1,796$1,351$1,006$741$238
26 years$2,242$1,688$1,253$919$668$203
27 years$2,135$1,589$1,164$842$602$173
28 years$2,037$1,497$1,082$771$543$147
29 years$1,946$1,412$1,007$707$490$126
30 years$1,861$1,334$938$649$443$107
31 years$1,781$1,261$874$596$401$91
32 years$1,707$1,193$816$548$362$78
33 years$1,637$1,130$762$504$328$67
34 years$1,571$1,071$712$463$297$57
35 years$1,510$1,016$665$427$269$48
36 years$1,452$964$622$393$244$41
37 years$1,397$916$583$362$221$35
38 years$1,345$870$546$334$200$30
39 years$1,296$827$511$308$182$26
40 years$1,250$787$479$284$165$22
41 years$1,206$749$449$262$149$19
42 years$1,164$714$421$242$136$16
43 years$1,124$680$395$223$123$14
44 years$1,086$648$371$206$112$12
45 years$1,050$618$349$190$101$10
46 years$1,015$590$327$176$92$9
47 years$983$563$308$162$84$7
48 years$951$537$289$150$76$6
49 years$921$513$272$139$69$5
50 years$892$490$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $914,000, adding $2,237 every year, while hoping to spend $58,183 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: 38/33/29 Blend
56$914,000$914,000$914,000$914,000
57$1,009,535$961,093$946,926$1,039,114
58$1,050,602$946,281$916,742$1,046,287
59$1,093,907$928,792$883,597$1,048,560
60$1,139,618$908,435$847,330$1,049,915
61$1,187,916$885,006$807,772$1,050,308
62$1,239,001$858,288$764,750$1,049,695
63$1,293,088$828,054$718,079$1,048,033
64$1,350,416$794,061$667,567$1,045,280
65$1,411,242$756,054$613,014$1,041,396
66$1,475,849$713,761$554,210$1,036,343
67$1,544,547$666,897$490,938$1,030,086
68$1,617,674$615,158$422,968$1,022,594
69$1,695,602$558,226$350,062$1,013,839
70$1,778,735$495,760$271,971$1,003,800
71$1,867,518$427,405$188,434$992,462
72$1,962,439$352,782$99,180$979,817
73$2,064,031$271,492$3,926$965,865
74$2,172,881$183,113$0$950,618
75$2,289,630$87,201$0$964,337
76$2,414,984$0$0$980,081
77$2,549,716$0$0$1,002,855
78$2,694,675$0$0$1,061,515
79$2,850,794$0$0$1,124,784
80$3,019,097$0$0$1,193,088
81$3,200,709$0$0$1,266,898
82$3,396,866$0$0$1,346,727
83$3,608,926$0$0$1,433,143
84$3,838,382$0$0$1,526,769
85$4,086,875$0$0$1,628,289
86$4,356,208$0$0$1,738,457
87$4,648,367$0$0$1,858,100
88$4,965,532$0$0$1,988,130
89$5,310,104$0$0$2,129,549
90$5,684,721$0$0$2,283,459
91$6,092,289$0$0$2,451,075
92$6,536,002$0$0$2,633,730
93$7,019,376$0$0$2,832,894
94$7,546,281$0$0$3,050,185
95$8,120,974$0$0$3,287,381
96$8,748,142$0$0$3,546,443
97$9,432,945$0$0$3,829,528
98$10,181,061$0$0$4,139,010
99$10,998,742$0$0$4,477,503
100$11,892,873$0$0$4,847,887