Can I retire at age 57 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$75,808$75,132$74,474$73,830$73,203$71,695
2 years$37,529$36,830$36,152$35,495$34,858$33,347
3 years$24,770$24,069$23,393$22,742$22,116$20,647
4 years$18,393$17,693$17,024$16,385$15,773$14,358
5 years$14,567$13,871$13,211$12,585$11,990$10,634
6 years$12,017$11,327$10,677$10,064$9,488$8,190
7 years$10,197$9,512$8,872$8,274$7,716$6,478
8 years$8,832$8,154$7,525$6,941$6,401$5,223
9 years$7,771$7,099$6,481$5,912$5,391$4,271
10 years$6,923$6,258$5,650$5,096$4,593$3,531
11 years$6,230$5,571$4,974$4,435$3,950$2,944
12 years$5,652$5,000$4,415$3,890$3,423$2,472
13 years$5,164$4,519$3,944$3,435$2,985$2,087
14 years$4,746$4,107$3,544$3,049$2,617$1,770
15 years$4,384$3,752$3,200$2,719$2,304$1,507
16 years$4,067$3,443$2,901$2,435$2,036$1,287
17 years$3,788$3,170$2,640$2,188$1,805$1,102
18 years$3,540$2,930$2,410$1,971$1,605$945
19 years$3,319$2,715$2,206$1,781$1,431$813
20 years$3,120$2,523$2,025$1,613$1,278$700
21 years$2,940$2,350$1,862$1,464$1,144$603
22 years$2,777$2,194$1,716$1,331$1,025$521
23 years$2,628$2,052$1,585$1,212$920$450
24 years$2,492$1,922$1,466$1,106$827$389
25 years$2,367$1,804$1,357$1,010$744$337
26 years$2,251$1,696$1,259$923$670$292
27 years$2,145$1,596$1,169$845$604$253
28 years$2,046$1,504$1,087$774$545$219
29 years$1,954$1,418$1,011$710$493$190
30 years$1,869$1,340$942$652$445$165
31 years$1,789$1,266$878$599$402$143
32 years$1,714$1,198$819$550$364$124
33 years$1,644$1,135$765$506$329$108
34 years$1,578$1,076$715$465$298$94
35 years$1,516$1,020$668$428$270$81
36 years$1,458$968$625$395$245$71
37 years$1,403$920$585$364$222$61
38 years$1,351$874$548$335$201$53
39 years$1,302$831$513$309$182$46
40 years$1,255$791$481$285$165$40
41 years$1,211$753$451$263$150$35
42 years$1,169$717$423$243$136$30
43 years$1,129$683$397$224$124$26
44 years$1,091$651$373$207$112$23
45 years$1,054$621$350$191$102$20
46 years$1,020$592$329$176$92$17
47 years$987$565$309$163$84$15
48 years$955$539$290$151$76$13
49 years$925$515$273$139$69$11
50 years$896$492$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $918,000, adding $5,739 every year, while hoping to spend $28,753 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: 68/11/21 Blend
56$918,000$918,000$918,000$918,000
57$1,017,556$968,902$954,673$1,081,030
58$1,090,753$985,785$956,061$1,141,118
59$1,170,454$1,002,532$956,533$1,202,955
60$1,257,289$1,019,105$956,026$1,269,910
61$1,351,957$1,035,465$954,477$1,342,486
62$1,455,223$1,051,569$951,818$1,421,237
63$1,567,931$1,067,372$947,979$1,506,775
64$1,691,010$1,082,823$942,887$1,599,775
65$1,825,482$1,097,871$936,463$1,700,980
66$1,972,473$1,112,458$928,626$1,811,210
67$2,133,222$1,126,525$919,292$1,931,367
68$2,309,094$1,140,008$908,371$2,062,448
69$2,501,590$1,152,837$895,770$2,205,550
70$2,712,366$1,164,940$881,392$2,361,884
71$2,943,242$1,176,237$865,134$2,532,783
72$3,196,226$1,186,645$846,889$2,719,718
73$3,473,526$1,196,076$826,545$2,924,310
74$3,777,577$1,204,435$803,985$3,148,347
75$4,111,057$1,211,620$779,086$3,393,799
76$4,476,921$1,217,525$751,721$3,662,838
77$4,878,418$1,222,035$721,755$3,957,858
78$5,319,130$1,225,028$689,047$4,281,499
79$5,803,003$1,226,377$653,452$4,636,671
80$6,334,383$1,225,943$614,817$5,026,582
81$6,918,057$1,223,581$572,980$5,454,767
82$7,559,299$1,219,137$527,775$5,925,125
83$8,263,920$1,212,446$479,027$6,441,954
84$9,038,319$1,203,335$426,554$7,009,989
85$9,889,548$1,191,620$370,165$7,634,452
86$10,825,377$1,177,104$309,660$8,321,100
87$11,854,363$1,159,580$244,831$9,076,277
88$12,985,938$1,138,828$175,462$9,906,977
89$14,230,489$1,114,616$101,326$10,820,910
90$15,599,464$1,086,698$22,186$11,826,574
91$17,105,475$1,054,811$0$12,933,335
92$18,762,417$1,018,681$0$14,165,473
93$20,585,601$978,014$0$15,526,627
94$22,591,896$932,500$0$17,024,427
95$24,799,890$881,814$0$18,672,763
96$27,230,064$825,607$0$20,486,941
97$29,904,984$763,515$0$22,483,831
98$32,849,515$695,151$0$24,682,020
99$36,091,057$620,104$0$27,101,991
100$39,659,798$537,943$0$29,766,318