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%14.1%
1 years$75,477$74,805$74,149$73,509$72,884$71,647
2 years$37,365$36,669$35,995$35,341$34,706$33,464
3 years$24,663$23,964$23,291$22,643$22,019$20,810
4 years$18,313$17,616$16,950$16,313$15,704$14,538
5 years$14,504$13,811$13,154$12,530$11,938$10,818
6 years$11,965$11,278$10,630$10,020$9,446$8,373
7 years$10,153$9,471$8,834$8,238$7,682$6,656
8 years$8,794$8,118$7,492$6,911$6,373$5,395
9 years$7,738$7,069$6,453$5,887$5,367$4,435
10 years$6,893$6,231$5,626$5,074$4,573$3,687
11 years$6,203$5,547$4,953$4,416$3,933$3,092
12 years$5,628$4,978$4,395$3,874$3,408$2,611
13 years$5,141$4,499$3,927$3,420$2,972$2,218
14 years$4,725$4,090$3,528$3,036$2,605$1,892
15 years$4,365$3,736$3,186$2,707$2,294$1,621
16 years$4,049$3,428$2,888$2,424$2,027$1,393
17 years$3,772$3,157$2,628$2,178$1,798$1,200
18 years$3,525$2,917$2,399$1,963$1,598$1,037
19 years$3,305$2,703$2,196$1,774$1,425$897
20 years$3,106$2,512$2,016$1,606$1,273$778
21 years$2,927$2,340$1,854$1,458$1,139$675
22 years$2,765$2,184$1,709$1,326$1,021$587
23 years$2,617$2,043$1,578$1,207$916$511
24 years$2,481$1,914$1,459$1,101$824$445
25 years$2,356$1,796$1,351$1,006$741$388
26 years$2,242$1,688$1,253$919$668$338
27 years$2,135$1,589$1,164$842$602$295
28 years$2,037$1,497$1,082$771$543$258
29 years$1,946$1,412$1,007$707$490$225
30 years$1,861$1,334$938$649$443$197
31 years$1,781$1,261$874$596$401$172
32 years$1,707$1,193$816$548$362$151
33 years$1,637$1,130$762$504$328$132
34 years$1,571$1,071$712$463$297$115
35 years$1,510$1,016$665$427$269$101
36 years$1,452$964$622$393$244$88
37 years$1,397$916$583$362$221$77
38 years$1,345$870$546$334$200$68
39 years$1,296$827$511$308$182$59
40 years$1,250$787$479$284$165$52
41 years$1,206$749$449$262$149$45
42 years$1,164$714$421$242$136$40
43 years$1,124$680$395$223$123$35
44 years$1,086$648$371$206$112$31
45 years$1,050$618$349$190$101$27
46 years$1,015$590$327$176$92$23
47 years$983$563$308$162$84$21
48 years$951$537$289$150$76$18
49 years$921$513$272$139$69$16
50 years$892$490$255$128$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $914,000, adding $4,223 every year, while hoping to spend $47,693 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: 69/18/13 Blend
56$914,000$914,000$914,000$914,000
57$1,011,584$963,142$948,975$1,078,184
58$1,064,021$959,591$930,021$1,119,443
59$1,120,207$954,268$908,833$1,158,448
60$1,180,476$947,034$885,287$1,199,883
61$1,245,192$937,746$859,251$1,243,982
62$1,314,754$926,248$830,588$1,291,000
63$1,389,602$912,377$799,156$1,341,222
64$1,470,218$895,960$764,804$1,394,962
65$1,557,131$876,814$727,376$1,452,566
66$1,650,923$854,742$686,708$1,514,418
67$1,752,234$829,541$642,629$1,580,943
68$1,861,765$800,992$594,961$1,652,610
69$1,980,289$768,864$543,516$1,729,937
70$2,108,653$732,914$488,099$1,813,497
71$2,247,792$692,883$428,506$1,903,924
72$2,398,731$648,498$364,525$2,001,917
73$2,562,598$599,470$295,933$2,108,251
74$2,740,633$545,495$222,497$2,223,781
75$2,934,203$486,250$143,976$2,349,451
76$3,144,809$421,393$60,117$2,486,305
77$3,374,104$350,565$0$2,635,495
78$3,623,904$273,385$0$2,802,372
79$3,896,213$189,451$0$2,993,430
80$4,193,230$98,338$0$3,201,917
81$4,517,381$0$0$3,429,590
82$4,871,334$0$0$3,678,468
83$5,258,024$0$0$3,971,694
84$5,680,687$0$0$4,292,246
85$6,142,880$0$0$4,642,831
86$6,648,525$0$0$5,026,428
87$7,201,936$0$0$5,446,318
88$7,807,865$0$0$5,906,113
89$8,471,547$0$0$6,409,792
90$9,198,743$0$0$6,961,736
91$9,995,801$0$0$7,566,769
92$10,869,710$0$0$8,230,207
93$11,828,170$0$0$8,957,901
94$12,879,660$0$0$9,756,299
95$14,033,520$0$0$10,632,501
96$15,300,038$0$0$11,594,329
97$16,690,546$0$0$12,650,399
98$18,217,528$0$0$13,810,202
99$19,894,735$0$0$15,084,192
100$21,737,317$0$0$16,483,888