Can I retire at age 57 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,890$75,214$74,555$73,911$73,282$70,542
2 years$37,569$36,870$36,192$35,534$34,896$32,167
3 years$24,797$24,095$23,418$22,767$22,140$19,507
4 years$18,413$17,712$17,043$16,402$15,790$13,274
5 years$14,583$13,887$13,226$12,599$12,003$9,611
6 years$12,031$11,339$10,688$10,075$9,498$7,230
7 years$10,208$9,523$8,882$8,283$7,724$5,581
8 years$8,842$8,163$7,533$6,949$6,408$4,387
9 years$7,780$7,107$6,488$5,919$5,397$3,495
10 years$6,931$6,265$5,656$5,102$4,598$2,813
11 years$6,236$5,577$4,980$4,440$3,955$2,282
12 years$5,658$5,006$4,419$3,895$3,427$1,862
13 years$5,170$4,524$3,948$3,438$2,988$1,527
14 years$4,751$4,112$3,548$3,052$2,620$1,257
15 years$4,388$3,756$3,203$2,722$2,306$1,038
16 years$4,072$3,446$2,904$2,437$2,038$860
17 years$3,792$3,174$2,643$2,190$1,807$713
18 years$3,544$2,933$2,412$1,974$1,607$593
19 years$3,323$2,718$2,208$1,783$1,432$494
20 years$3,123$2,526$2,027$1,615$1,279$411
21 years$2,943$2,353$1,864$1,466$1,145$343
22 years$2,780$2,196$1,718$1,333$1,026$286
23 years$2,631$2,054$1,586$1,214$921$239
24 years$2,495$1,924$1,467$1,107$828$200
25 years$2,369$1,806$1,359$1,011$745$167
26 years$2,254$1,697$1,260$924$671$140
27 years$2,147$1,597$1,170$846$605$117
28 years$2,048$1,505$1,088$775$546$98
29 years$1,956$1,420$1,012$711$493$82
30 years$1,871$1,341$943$652$446$69
31 years$1,791$1,268$879$599$403$58
32 years$1,716$1,200$820$551$364$48
33 years$1,646$1,136$766$506$330$40
34 years$1,580$1,077$716$466$299$34
35 years$1,518$1,021$669$429$270$28
36 years$1,460$969$626$395$245$24
37 years$1,404$921$586$364$222$20
38 years$1,352$875$549$335$201$17
39 years$1,303$832$514$309$183$14
40 years$1,256$792$482$285$166$12
41 years$1,212$753$452$263$150$10
42 years$1,170$718$424$243$136$8
43 years$1,130$684$398$224$124$7
44 years$1,092$652$373$207$112$6
45 years$1,056$621$350$191$102$5
46 years$1,021$593$329$177$93$4
47 years$988$566$309$163$84$3
48 years$956$540$291$151$76$3
49 years$926$516$273$139$69$2
50 years$897$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $919,000, adding $3,130 every year, while hoping to spend $49,997 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: 64/15/21 Blend
56$919,000$919,000$919,000$919,000
57$1,015,967$967,260$953,015$1,075,320
58$1,066,399$961,459$931,745$1,109,854
59$1,120,299$953,698$908,086$1,141,647
60$1,177,969$943,829$881,906$1,175,223
61$1,239,739$931,693$853,067$1,210,761
62$1,305,969$917,123$821,422$1,248,458
63$1,377,059$899,943$786,820$1,288,534
64$1,453,442$879,964$749,102$1,331,232
65$1,535,599$856,987$708,102$1,376,822
66$1,624,053$830,803$663,647$1,425,605
67$1,719,382$801,188$615,555$1,477,912
68$1,822,220$767,906$563,636$1,534,113
69$1,933,261$730,709$507,694$1,594,616
70$2,053,273$689,333$447,520$1,659,875
71$2,183,094$643,497$382,899$1,730,391
72$2,323,649$592,908$313,606$1,806,723
73$2,475,954$537,253$239,404$1,889,485
74$2,641,125$476,203$160,048$1,979,360
75$2,820,392$409,409$75,282$2,077,106
76$3,015,105$336,503$0$2,183,558
77$3,226,751$257,096$0$2,303,044
78$3,456,963$170,778$0$2,451,411
79$3,707,541$77,114$0$2,612,972
80$3,980,464$0$0$2,789,052
81$4,277,911$0$0$2,985,130
82$4,602,277$0$0$3,212,891
83$4,956,200$0$0$3,461,466
84$5,342,586$0$0$3,732,904
85$5,764,630$0$0$4,029,457
86$6,225,851$0$0$4,353,606
87$6,730,123$0$0$4,708,082
88$7,281,712$0$0$5,095,893
89$7,885,314$0$0$5,520,349
90$8,546,101$0$0$5,985,097
91$9,269,767$0$0$6,494,152
92$10,062,584$0$0$7,051,936
93$10,931,459$0$0$7,663,318
94$11,883,997$0$0$8,333,662
95$12,928,577$0$0$9,068,875
96$14,074,424$0$0$9,875,462
97$15,331,702$0$0$10,760,591
98$16,711,606$0$0$11,732,154
99$18,226,467$0$0$12,798,847
100$19,889,867$0$0$13,970,249