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%11.1%
1 years$75,890$75,214$74,555$73,911$73,282$72,943
2 years$37,569$36,870$36,192$35,534$34,896$34,554
3 years$24,797$24,095$23,418$22,767$22,140$21,804
4 years$18,413$17,712$17,043$16,402$15,790$15,465
5 years$14,583$13,887$13,226$12,599$12,003$11,689
6 years$12,031$11,339$10,688$10,075$9,498$9,195
7 years$10,208$9,523$8,882$8,283$7,724$7,433
8 years$8,842$8,163$7,533$6,949$6,408$6,128
9 years$7,780$7,107$6,488$5,919$5,397$5,128
10 years$6,931$6,265$5,656$5,102$4,598$4,341
11 years$6,236$5,577$4,980$4,440$3,955$3,709
12 years$5,658$5,006$4,419$3,895$3,427$3,192
13 years$5,170$4,524$3,948$3,438$2,988$2,764
14 years$4,751$4,112$3,548$3,052$2,620$2,406
15 years$4,388$3,756$3,203$2,722$2,306$2,103
16 years$4,072$3,446$2,904$2,437$2,038$1,845
17 years$3,792$3,174$2,643$2,190$1,807$1,624
18 years$3,544$2,933$2,412$1,974$1,607$1,433
19 years$3,323$2,718$2,208$1,783$1,432$1,267
20 years$3,123$2,526$2,027$1,615$1,279$1,123
21 years$2,943$2,353$1,864$1,466$1,145$997
22 years$2,780$2,196$1,718$1,333$1,026$887
23 years$2,631$2,054$1,586$1,214$921$789
24 years$2,495$1,924$1,467$1,107$828$704
25 years$2,369$1,806$1,359$1,011$745$628
26 years$2,254$1,697$1,260$924$671$561
27 years$2,147$1,597$1,170$846$605$501
28 years$2,048$1,505$1,088$775$546$448
29 years$1,956$1,420$1,012$711$493$401
30 years$1,871$1,341$943$652$446$360
31 years$1,791$1,268$879$599$403$322
32 years$1,716$1,200$820$551$364$289
33 years$1,646$1,136$766$506$330$259
34 years$1,580$1,077$716$466$299$232
35 years$1,518$1,021$669$429$270$209
36 years$1,460$969$626$395$245$187
37 years$1,404$921$586$364$222$168
38 years$1,352$875$549$335$201$151
39 years$1,303$832$514$309$183$136
40 years$1,256$792$482$285$166$122
41 years$1,212$753$452$263$150$110
42 years$1,170$718$424$243$136$99
43 years$1,130$684$398$224$124$89
44 years$1,092$652$373$207$112$80
45 years$1,056$621$350$191$102$72
46 years$1,021$593$329$177$93$64
47 years$988$566$309$163$84$58
48 years$956$540$291$151$76$52
49 years$926$516$273$139$69$47
50 years$897$493$257$129$63$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $919,000, adding $2,943 every year, while hoping to spend $37,388 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: 55/20/25 Blend
56$919,000$919,000$919,000$919,000
57$1,015,774$967,067$952,822$1,064,511
58$1,079,602$974,672$944,961$1,105,942
59$1,148,688$981,398$935,584$1,146,896
60$1,223,528$987,160$924,600$1,190,724
61$1,304,668$991,871$911,914$1,237,713
62$1,392,710$995,438$897,429$1,288,182
63$1,488,313$997,762$881,039$1,342,486
64$1,592,204$998,735$862,637$1,401,012
65$1,705,183$998,247$842,110$1,464,195
66$1,828,129$996,179$819,338$1,532,510
67$1,962,009$992,402$794,196$1,606,486
68$2,107,888$986,785$766,557$1,686,707
69$2,266,939$979,183$736,282$1,773,817
70$2,440,450$969,446$703,231$1,868,531
71$2,629,841$957,414$667,254$1,971,636
72$2,836,675$942,918$628,197$2,084,004
73$3,062,671$925,776$585,897$2,206,599
74$3,309,723$905,799$540,185$2,340,483
75$3,579,917$882,785$490,883$2,486,834
76$3,875,547$856,520$437,807$2,646,949
77$4,199,142$826,779$380,762$2,822,264
78$4,553,485$793,321$319,548$3,014,363
79$4,941,640$755,894$253,952$3,224,997
80$5,366,984$714,229$183,756$3,456,098
81$5,833,234$668,044$108,730$3,709,801
82$6,344,484$617,038$28,632$3,988,464
83$6,905,243$560,895$0$4,294,687
84$7,520,480$499,281$0$4,646,509
85$8,195,663$431,840$0$5,041,072
86$8,936,821$358,200$0$5,474,305
87$9,750,590$277,966$0$5,950,147
88$10,644,284$190,719$0$6,472,944
89$11,625,957$96,020$0$7,047,483
90$12,704,483$0$0$7,679,045
91$13,889,638$0$0$8,374,904
92$15,192,192$0$0$9,163,009
93$16,624,010$0$0$10,029,416
94$18,198,162$0$0$10,982,049
95$19,929,052$0$0$12,029,633
96$21,832,544$0$0$13,181,785
97$23,926,120$0$0$14,449,097
98$26,229,041$0$0$15,843,243
99$28,762,527$0$0$17,377,082
100$31,549,959$0$0$19,064,785