Can I retire at age 57 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$75,725$75,050$74,392$73,750$73,123$72,601
2 years$37,488$36,789$36,113$35,457$34,820$34,294
3 years$24,743$24,042$23,367$22,717$22,092$21,577
4 years$18,373$17,674$17,005$16,367$15,756$15,258
5 years$14,551$13,856$13,197$12,571$11,977$11,496
6 years$12,004$11,315$10,665$10,053$9,477$9,014
7 years$10,186$9,502$8,863$8,265$7,708$7,263
8 years$8,823$8,145$7,516$6,934$6,394$5,968
9 years$7,763$7,092$6,474$5,906$5,385$4,976
10 years$6,916$6,251$5,644$5,091$4,588$4,198
11 years$6,223$5,565$4,969$4,431$3,946$3,573
12 years$5,646$4,995$4,410$3,886$3,419$3,064
13 years$5,158$4,514$3,940$3,431$2,982$2,643
14 years$4,741$4,103$3,540$3,046$2,614$2,291
15 years$4,379$3,748$3,196$2,716$2,301$1,995
16 years$4,063$3,439$2,898$2,432$2,034$1,743
17 years$3,784$3,167$2,637$2,185$1,804$1,528
18 years$3,537$2,926$2,407$1,969$1,604$1,342
19 years$3,315$2,712$2,204$1,779$1,429$1,182
20 years$3,117$2,520$2,022$1,612$1,277$1,043
21 years$2,937$2,348$1,860$1,463$1,143$922
22 years$2,774$2,191$1,714$1,330$1,024$816
23 years$2,625$2,050$1,583$1,211$919$723
24 years$2,489$1,920$1,464$1,105$826$642
25 years$2,364$1,802$1,356$1,009$744$570
26 years$2,249$1,694$1,258$922$670$507
27 years$2,142$1,594$1,168$844$604$451
28 years$2,044$1,502$1,086$774$545$402
29 years$1,952$1,417$1,010$709$492$358
30 years$1,867$1,338$941$651$445$319
31 years$1,787$1,265$877$598$402$284
32 years$1,712$1,197$818$549$364$254
33 years$1,642$1,134$764$505$329$226
34 years$1,576$1,074$714$465$298$202
35 years$1,515$1,019$668$428$270$180
36 years$1,456$967$625$394$244$161
37 years$1,401$919$585$363$222$144
38 years$1,349$873$547$335$201$129
39 years$1,300$830$513$309$182$115
40 years$1,254$790$481$285$165$103
41 years$1,209$752$451$263$150$92
42 years$1,167$716$423$242$136$82
43 years$1,128$682$397$224$123$74
44 years$1,090$650$372$207$112$66
45 years$1,053$620$350$191$102$59
46 years$1,019$592$328$176$92$53
47 years$986$565$309$163$84$47
48 years$954$539$290$150$76$42
49 years$924$515$273$139$69$38
50 years$895$492$256$129$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $917,000, adding $5,190 every year, while hoping to spend $23,355 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: 48/38/14 Blend
56$917,000$917,000$917,000$917,000
57$1,015,887$967,286$953,073$1,060,457
58$1,094,658$989,834$960,151$1,114,318
59$1,180,681$1,012,704$966,684$1,169,939
60$1,274,671$1,035,886$972,628$1,229,815
61$1,377,415$1,059,372$977,939$1,294,353
62$1,489,780$1,083,150$982,568$1,364,000
63$1,612,719$1,107,206$986,466$1,439,248
64$1,747,285$1,131,528$989,581$1,520,639
65$1,894,633$1,156,098$991,857$1,608,772
66$2,056,039$1,180,899$993,237$1,704,305
67$2,232,904$1,205,913$993,660$1,807,965
68$2,426,775$1,231,117$993,063$1,920,550
69$2,639,353$1,256,489$991,378$2,042,943
70$2,872,514$1,282,004$988,535$2,176,114
71$3,128,321$1,307,633$984,462$2,321,135
72$3,409,049$1,333,346$979,080$2,479,184
73$3,717,203$1,359,111$972,311$2,651,563
74$4,055,542$1,384,891$964,067$2,839,705
75$4,427,106$1,410,650$954,262$3,045,190
76$4,835,243$1,436,344$942,803$3,269,758
77$5,283,642$1,461,930$929,591$3,515,330
78$5,776,368$1,487,358$914,526$3,784,020
79$6,317,895$1,512,576$897,500$4,078,161
80$6,913,157$1,537,529$878,403$4,400,323
81$7,567,587$1,562,156$857,118$4,753,339
82$8,287,171$1,586,392$833,522$5,140,333
83$9,078,506$1,610,168$807,488$5,564,747
84$9,948,857$1,633,410$778,882$6,030,376
85$10,906,230$1,656,037$747,564$6,541,403
86$11,959,447$1,677,964$713,389$7,102,439
87$13,118,227$1,699,101$676,204$7,718,567
88$14,393,278$1,719,349$635,849$8,395,390
89$15,796,400$1,738,604$592,157$9,139,082
90$17,340,592$1,756,756$544,955$9,956,452
91$19,040,181$1,773,685$494,059$10,855,003
92$20,910,949$1,789,265$439,280$11,843,007
93$22,970,289$1,803,363$380,419$12,929,581
94$25,237,364$1,815,833$317,268$14,124,774
95$27,733,290$1,826,523$249,611$15,439,664
96$30,481,335$1,835,272$177,222$16,886,461
97$33,507,136$1,841,905$99,864$18,478,624
98$36,838,945$1,846,240$17,291$20,230,988
99$40,507,892$1,848,080$0$22,159,904
100$44,548,280$1,847,220$0$24,293,977