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%18.7%
1 years$75,725$75,050$74,392$73,750$73,123$70,556
2 years$37,488$36,789$36,113$35,457$34,820$32,262
3 years$24,743$24,042$23,367$22,717$22,092$19,621
4 years$18,373$17,674$17,005$16,367$15,756$13,392
5 years$14,551$13,856$13,197$12,571$11,977$9,727
6 years$12,004$11,315$10,665$10,053$9,477$7,342
7 years$10,186$9,502$8,863$8,265$7,708$5,687
8 years$8,823$8,145$7,516$6,934$6,394$4,486
9 years$7,763$7,092$6,474$5,906$5,385$3,587
10 years$6,916$6,251$5,644$5,091$4,588$2,898
11 years$6,223$5,565$4,969$4,431$3,946$2,360
12 years$5,646$4,995$4,410$3,886$3,419$1,934
13 years$5,158$4,514$3,940$3,431$2,982$1,592
14 years$4,741$4,103$3,540$3,046$2,614$1,316
15 years$4,379$3,748$3,196$2,716$2,301$1,092
16 years$4,063$3,439$2,898$2,432$2,034$908
17 years$3,784$3,167$2,637$2,185$1,804$757
18 years$3,537$2,926$2,407$1,969$1,604$632
19 years$3,315$2,712$2,204$1,779$1,429$528
20 years$3,117$2,520$2,022$1,612$1,277$442
21 years$2,937$2,348$1,860$1,463$1,143$371
22 years$2,774$2,191$1,714$1,330$1,024$311
23 years$2,625$2,050$1,583$1,211$919$261
24 years$2,489$1,920$1,464$1,105$826$219
25 years$2,364$1,802$1,356$1,009$744$184
26 years$2,249$1,694$1,258$922$670$155
27 years$2,142$1,594$1,168$844$604$130
28 years$2,044$1,502$1,086$774$545$109
29 years$1,952$1,417$1,010$709$492$92
30 years$1,867$1,338$941$651$445$78
31 years$1,787$1,265$877$598$402$65
32 years$1,712$1,197$818$549$364$55
33 years$1,642$1,134$764$505$329$46
34 years$1,576$1,074$714$465$298$39
35 years$1,515$1,019$668$428$270$33
36 years$1,456$967$625$394$244$28
37 years$1,401$919$585$363$222$23
38 years$1,349$873$547$335$201$20
39 years$1,300$830$513$309$182$16
40 years$1,254$790$481$285$165$14
41 years$1,209$752$451$263$150$12
42 years$1,167$716$423$242$136$10
43 years$1,128$682$397$224$123$8
44 years$1,090$650$372$207$112$7
45 years$1,053$620$350$191$102$6
46 years$1,019$592$328$176$92$5
47 years$986$565$309$163$84$4
48 years$954$539$290$150$76$4
49 years$924$515$273$139$69$3
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $917,000, adding $4,102 every year, while hoping to spend $28,055 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: 73/19/8 Blend
56$917,000$917,000$917,000$917,000
57$1,014,765$966,164$951,951$1,087,246
58$1,088,421$983,656$953,991$1,153,100
59$1,168,649$1,001,065$955,159$1,221,288
60$1,256,091$1,018,356$955,396$1,295,181
61$1,351,451$1,035,495$954,641$1,375,335
62$1,455,507$1,052,441$952,829$1,462,360
63$1,569,111$1,069,153$949,891$1,556,930
64$1,693,205$1,085,586$945,757$1,659,787
65$1,828,824$1,101,692$940,352$1,771,748
66$1,977,107$1,117,419$933,597$1,893,714
67$2,139,311$1,132,711$925,411$2,026,675
68$2,316,816$1,147,509$915,708$2,171,726
69$2,511,145$1,161,751$904,398$2,330,070
70$2,723,973$1,175,367$891,386$2,503,033
71$2,957,144$1,188,287$876,574$2,692,079
72$3,212,693$1,200,433$859,859$2,898,818
73$3,492,855$1,211,722$841,132$3,125,024
74$3,800,097$1,222,067$820,281$3,372,655
75$4,137,133$1,231,374$797,186$3,643,867
76$4,506,954$1,239,544$771,725$3,941,034
77$4,912,853$1,246,472$743,768$4,266,775
78$5,358,459$1,252,044$713,179$4,623,975
79$5,847,768$1,256,141$679,817$5,015,814
80$6,385,183$1,258,634$643,533$5,445,796
81$6,975,554$1,259,390$604,174$5,917,783
82$7,624,225$1,258,264$561,578$6,436,032
83$8,337,080$1,255,103$515,575$7,005,233
84$9,120,605$1,249,746$465,990$7,630,557
85$9,981,943$1,242,020$412,637$8,317,700
86$10,928,966$1,231,744$355,325$9,072,943
87$11,970,344$1,218,723$293,852$9,903,206
88$13,115,631$1,202,752$228,008$10,816,116
89$14,375,354$1,183,615$157,574$11,820,081
90$15,761,109$1,161,081$82,322$12,924,365
91$17,285,674$1,134,906$2,012$14,139,179
92$18,963,128$1,104,832$0$15,475,777
93$20,808,983$1,070,585$0$16,953,706
94$22,840,332$1,031,876$0$18,580,140
95$25,076,006$988,399$0$20,369,996
96$27,536,757$939,828$0$22,339,903
97$30,245,449$885,823$0$24,508,185
98$33,227,276$826,019$0$26,895,037
99$36,509,998$760,034$0$29,522,717
100$40,124,204$687,461$0$32,415,749