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%13.2%
1 years$75,808$75,132$74,474$73,830$73,203$72,228
2 years$37,529$36,830$36,152$35,495$34,858$33,878
3 years$24,770$24,069$23,393$22,742$22,116$21,160
4 years$18,393$17,693$17,024$16,385$15,773$14,850
5 years$14,567$13,871$13,211$12,585$11,990$11,102
6 years$12,017$11,327$10,677$10,064$9,488$8,635
7 years$10,197$9,512$8,872$8,274$7,716$6,899
8 years$8,832$8,154$7,525$6,941$6,401$5,620
9 years$7,771$7,099$6,481$5,912$5,391$4,646
10 years$6,923$6,258$5,650$5,096$4,593$3,883
11 years$6,230$5,571$4,974$4,435$3,950$3,275
12 years$5,652$5,000$4,415$3,890$3,423$2,782
13 years$5,164$4,519$3,944$3,435$2,985$2,376
14 years$4,746$4,107$3,544$3,049$2,617$2,040
15 years$4,384$3,752$3,200$2,719$2,304$1,758
16 years$4,067$3,443$2,901$2,435$2,036$1,521
17 years$3,788$3,170$2,640$2,188$1,805$1,319
18 years$3,540$2,930$2,410$1,971$1,605$1,146
19 years$3,319$2,715$2,206$1,781$1,431$999
20 years$3,120$2,523$2,025$1,613$1,278$872
21 years$2,940$2,350$1,862$1,464$1,144$762
22 years$2,777$2,194$1,716$1,331$1,025$667
23 years$2,628$2,052$1,585$1,212$920$584
24 years$2,492$1,922$1,466$1,106$827$513
25 years$2,367$1,804$1,357$1,010$744$450
26 years$2,251$1,696$1,259$923$670$395
27 years$2,145$1,596$1,169$845$604$348
28 years$2,046$1,504$1,087$774$545$306
29 years$1,954$1,418$1,011$710$493$269
30 years$1,869$1,340$942$652$445$237
31 years$1,789$1,266$878$599$402$209
32 years$1,714$1,198$819$550$364$184
33 years$1,644$1,135$765$506$329$162
34 years$1,578$1,076$715$465$298$143
35 years$1,516$1,020$668$428$270$126
36 years$1,458$968$625$395$245$111
37 years$1,403$920$585$364$222$98
38 years$1,351$874$548$335$201$87
39 years$1,302$831$513$309$182$76
40 years$1,255$791$481$285$165$67
41 years$1,211$753$451$263$150$59
42 years$1,169$717$423$243$136$52
43 years$1,129$683$397$224$124$46
44 years$1,091$651$373$207$112$41
45 years$1,054$621$350$191$102$36
46 years$1,020$592$329$176$92$32
47 years$987$565$309$163$84$28
48 years$955$539$290$151$76$25
49 years$925$515$273$139$69$22
50 years$896$492$257$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $918,000, adding $6,824 every year, while hoping to spend $41,196 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: 85/8/7 Blend
56$918,000$918,000$918,000$918,000
57$1,018,675$970,021$955,792$1,104,089
58$1,078,748$973,720$943,979$1,164,544
59$1,143,567$976,219$930,389$1,224,616
60$1,213,574$977,417$914,920$1,289,305
61$1,289,252$977,204$897,464$1,359,048
62$1,371,134$975,465$877,907$1,434,327
63$1,459,805$972,078$856,132$1,515,671
64$1,555,908$966,913$832,016$1,603,663
65$1,660,151$959,832$805,428$1,698,944
66$1,773,311$950,688$776,235$1,802,221
67$1,896,243$939,327$744,293$1,914,272
68$2,029,890$925,584$709,457$2,035,955
69$2,175,285$909,284$671,570$2,168,213
70$2,333,569$890,244$630,473$2,312,087
71$2,505,995$868,267$585,995$2,468,722
72$2,693,941$843,148$537,961$2,639,381
73$2,898,927$814,666$486,187$2,825,454
74$3,122,623$782,589$430,479$3,028,472
75$3,366,868$746,674$370,638$3,250,123
76$3,633,686$706,659$306,452$3,492,268
77$3,925,307$662,270$237,703$3,756,955
78$4,244,185$613,217$164,163$4,046,443
79$4,593,021$559,194$85,591$4,363,218
80$4,974,789$499,875$1,739$4,710,022
81$5,392,767$434,918$0$5,089,877
82$5,850,560$363,960$0$5,512,666
83$6,352,142$286,618$0$5,976,067
84$6,901,887$202,489$0$6,484,015
85$7,504,614$111,146$0$7,040,987
86$8,165,628$12,136$0$7,651,916
87$8,890,777$0$0$8,322,238
88$9,686,496$0$0$9,066,305
89$10,559,877$0$0$9,884,180
90$11,518,733$0$0$10,782,112
91$12,571,666$0$0$11,768,159
92$13,728,157$0$0$12,851,200
93$14,998,646$0$0$14,041,017
94$16,394,637$0$0$15,348,383
95$17,928,803$0$0$16,785,169
96$19,615,103$0$0$18,364,451
97$21,468,919$0$0$20,100,636
98$23,507,197$0$0$22,009,598
99$25,748,605$0$0$24,108,822
100$28,213,712$0$0$26,417,576