Can I retire at age 57 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$75,560$74,887$74,230$73,589$72,963$71,843
2 years$37,406$36,709$36,034$35,379$34,744$33,619
3 years$24,690$23,990$23,316$22,668$22,043$20,947
4 years$18,333$17,635$16,968$16,331$15,721$14,663
5 years$14,519$13,826$13,168$12,544$11,951$10,934
6 years$11,978$11,290$10,642$10,031$9,457$8,481
7 years$10,164$9,481$8,843$8,247$7,691$6,757
8 years$8,803$8,127$7,500$6,918$6,380$5,489
9 years$7,746$7,076$6,460$5,893$5,373$4,524
10 years$6,901$6,237$5,632$5,080$4,578$3,770
11 years$6,209$5,553$4,958$4,421$3,937$3,169
12 years$5,634$4,984$4,400$3,878$3,412$2,683
13 years$5,147$4,504$3,931$3,424$2,975$2,285
14 years$4,730$4,094$3,532$3,039$2,608$1,955
15 years$4,369$3,740$3,189$2,710$2,296$1,679
16 years$4,054$3,431$2,891$2,427$2,030$1,447
17 years$3,776$3,160$2,631$2,180$1,800$1,251
18 years$3,529$2,920$2,402$1,965$1,600$1,083
19 years$3,308$2,706$2,199$1,776$1,426$940
20 years$3,110$2,515$2,018$1,608$1,274$818
21 years$2,931$2,342$1,856$1,459$1,140$712
22 years$2,768$2,187$1,711$1,327$1,022$621
23 years$2,620$2,045$1,580$1,208$917$542
24 years$2,484$1,916$1,461$1,102$824$473
25 years$2,359$1,798$1,353$1,007$742$414
26 years$2,244$1,690$1,255$920$668$362
27 years$2,138$1,590$1,165$842$603$317
28 years$2,039$1,499$1,083$772$544$278
29 years$1,948$1,414$1,008$708$491$244
30 years$1,863$1,335$939$650$444$214
31 years$1,783$1,262$875$597$401$187
32 years$1,708$1,194$817$548$363$164
33 years$1,639$1,131$763$504$328$144
34 years$1,573$1,072$712$464$297$127
35 years$1,511$1,017$666$427$269$111
36 years$1,453$965$623$393$244$98
37 years$1,398$917$583$362$221$86
38 years$1,347$871$546$334$200$75
39 years$1,297$828$512$308$182$66
40 years$1,251$788$480$284$165$58
41 years$1,207$750$450$262$150$51
42 years$1,165$714$422$242$136$45
43 years$1,125$681$396$223$123$40
44 years$1,087$649$372$206$112$35
45 years$1,051$619$349$190$101$31
46 years$1,017$590$328$176$92$27
47 years$984$563$308$162$84$24
48 years$952$538$289$150$76$21
49 years$922$514$272$139$69$18
50 years$893$491$256$128$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $915,000, adding $3,749 every year, while hoping to spend $49,679 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: 54/32/14 Blend
56$915,000$915,000$915,000$915,000
57$1,012,197$963,702$949,520$1,062,928
58$1,062,583$958,065$928,470$1,092,254
59$1,116,444$950,488$905,051$1,118,498
60$1,174,080$940,821$879,130$1,145,931
61$1,235,824$928,909$850,568$1,174,676
62$1,302,039$914,586$819,223$1,204,874
63$1,373,122$897,676$784,942$1,236,680
64$1,449,512$877,993$747,569$1,270,270
65$1,531,688$855,341$706,938$1,305,840
66$1,620,177$829,509$662,878$1,343,607
67$1,715,558$800,278$615,207$1,383,818
68$1,818,466$767,414$563,738$1,426,744
69$1,929,601$730,668$508,275$1,472,690
70$2,049,730$689,781$448,612$1,521,995
71$2,179,696$644,473$384,534$1,575,037
72$2,320,427$594,454$315,817$1,632,238
73$2,472,942$539,414$242,229$1,694,068
74$2,638,362$479,026$163,524$1,761,047
75$2,817,921$412,943$79,447$1,833,757
76$3,012,973$340,802$0$1,912,844
77$3,225,011$262,216$0$2,000,562
78$3,455,675$176,777$0$2,108,938
79$3,706,771$84,056$0$2,227,021
80$3,980,285$0$0$2,355,841
81$4,278,403$0$0$2,502,313
82$4,603,531$0$0$2,694,415
83$4,958,318$0$0$2,904,122
84$5,345,677$0$0$3,133,168
85$5,768,818$0$0$3,383,460
86$6,231,273$0$0$3,657,100
87$6,736,930$0$0$3,956,400
88$7,290,071$0$0$4,283,906
89$7,895,410$0$0$4,642,422
90$8,558,140$0$0$5,035,035
91$9,283,976$0$0$5,465,147
92$10,079,213$0$0$5,936,501
93$10,950,786$0$0$6,453,221
94$11,906,329$0$0$7,019,849
95$12,954,252$0$0$7,641,388
96$14,103,818$0$0$8,323,347
97$15,365,228$0$0$9,071,797
98$16,749,722$0$0$9,893,421
99$18,269,677$0$0$10,795,585
100$19,938,729$0$0$11,786,400