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%14%
1 years$75,725$75,050$74,392$73,750$73,123$71,911
2 years$37,488$36,789$36,113$35,457$34,820$33,603
3 years$24,743$24,042$23,367$22,717$22,092$20,907
4 years$18,373$17,674$17,005$16,367$15,756$14,613
5 years$14,551$13,856$13,197$12,571$11,977$10,879
6 years$12,004$11,315$10,665$10,053$9,477$8,425
7 years$10,186$9,502$8,863$8,265$7,708$6,702
8 years$8,823$8,145$7,516$6,934$6,394$5,434
9 years$7,763$7,092$6,474$5,906$5,385$4,471
10 years$6,916$6,251$5,644$5,091$4,588$3,719
11 years$6,223$5,565$4,969$4,431$3,946$3,121
12 years$5,646$4,995$4,410$3,886$3,419$2,637
13 years$5,158$4,514$3,940$3,431$2,982$2,241
14 years$4,741$4,103$3,540$3,046$2,614$1,914
15 years$4,379$3,748$3,196$2,716$2,301$1,640
16 years$4,063$3,439$2,898$2,432$2,034$1,411
17 years$3,784$3,167$2,637$2,185$1,804$1,216
18 years$3,537$2,926$2,407$1,969$1,604$1,051
19 years$3,315$2,712$2,204$1,779$1,429$911
20 years$3,117$2,520$2,022$1,612$1,277$790
21 years$2,937$2,348$1,860$1,463$1,143$686
22 years$2,774$2,191$1,714$1,330$1,024$597
23 years$2,625$2,050$1,583$1,211$919$520
24 years$2,489$1,920$1,464$1,105$826$453
25 years$2,364$1,802$1,356$1,009$744$395
26 years$2,249$1,694$1,258$922$670$345
27 years$2,142$1,594$1,168$844$604$302
28 years$2,044$1,502$1,086$774$545$264
29 years$1,952$1,417$1,010$709$492$230
30 years$1,867$1,338$941$651$445$202
31 years$1,787$1,265$877$598$402$176
32 years$1,712$1,197$818$549$364$154
33 years$1,642$1,134$764$505$329$135
34 years$1,576$1,074$714$465$298$118
35 years$1,515$1,019$668$428$270$104
36 years$1,456$967$625$394$244$91
37 years$1,401$919$585$363$222$80
38 years$1,349$873$547$335$201$70
39 years$1,300$830$513$309$182$61
40 years$1,254$790$481$285$165$54
41 years$1,209$752$451$263$150$47
42 years$1,167$716$423$242$136$41
43 years$1,128$682$397$224$123$36
44 years$1,090$650$372$207$112$32
45 years$1,053$620$350$191$102$28
46 years$1,019$592$328$176$92$24
47 years$986$565$309$163$84$21
48 years$954$539$290$150$76$19
49 years$924$515$273$139$69$16
50 years$895$492$256$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $917,000, adding $6,533 every year, while hoping to spend $45,459 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: 53/28/19 Blend
56$917,000$917,000$917,000$917,000
57$1,017,273$968,672$954,458$1,065,589
58$1,072,667$967,769$938,065$1,098,544
59$1,132,187$965,298$919,598$1,129,068
60$1,196,207$961,134$898,942$1,161,297
61$1,265,136$955,145$875,972$1,195,407
62$1,339,423$947,191$850,560$1,231,593
63$1,419,563$937,122$822,573$1,270,074
64$1,506,098$924,781$791,869$1,311,093
65$1,599,624$909,999$758,301$1,354,921
66$1,700,797$892,601$721,715$1,401,858
67$1,810,337$872,397$681,951$1,452,238
68$1,929,036$849,189$638,841$1,506,433
69$2,057,765$822,766$592,209$1,564,854
70$2,197,481$792,905$541,872$1,627,961
71$2,349,237$759,371$487,638$1,696,260
72$2,514,193$721,914$429,307$1,770,317
73$2,693,621$680,268$366,670$1,850,757
74$2,888,926$634,157$299,509$1,938,274
75$3,101,649$583,283$227,595$2,033,639
76$3,333,488$527,335$150,691$2,137,704
77$3,586,313$465,983$68,547$2,251,415
78$3,862,179$398,878$0$2,375,822
79$4,163,350$325,652$0$2,515,958
80$4,492,318$245,916$0$2,684,318
81$4,851,827$159,258$0$2,868,471
82$5,244,897$65,245$0$3,070,054
83$5,674,852$0$0$3,290,873
84$6,145,354$0$0$3,544,196
85$6,660,436$0$0$3,843,615
86$7,224,535$0$0$4,171,619
87$7,842,542$0$0$4,531,062
88$8,519,841$0$0$4,925,087
89$9,262,360$0$0$5,357,156
90$10,076,632$0$0$5,831,082
91$10,969,849$0$0$6,351,065
92$11,949,935$0$0$6,921,730
93$13,025,615$0$0$7,548,173
94$14,206,504$0$0$8,236,007
95$15,503,190$0$0$8,991,414
96$16,927,339$0$0$9,821,205
97$18,491,799$0$0$10,732,885
98$20,210,727$0$0$11,734,718
99$22,099,719$0$0$12,835,811
100$24,175,953$0$0$14,046,196