Can I retire at age 57 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$76,055$75,378$74,717$74,072$73,442$72,705
2 years$37,651$36,950$36,270$35,611$34,972$34,230
3 years$24,851$24,147$23,469$22,817$22,188$21,464
4 years$18,453$17,751$17,080$16,438$15,825$15,124
5 years$14,615$13,917$13,255$12,626$12,030$11,354
6 years$12,057$11,364$10,712$10,097$9,519$8,869
7 years$10,230$9,544$8,901$8,301$7,741$7,118
8 years$8,861$8,181$7,549$6,964$6,422$5,825
9 years$7,797$7,123$6,502$5,932$5,408$4,838
10 years$6,946$6,278$5,669$5,113$4,608$4,064
11 years$6,250$5,589$4,991$4,450$3,963$3,444
12 years$5,671$5,017$4,429$3,903$3,434$2,940
13 years$5,181$4,534$3,957$3,446$2,995$2,525
14 years$4,761$4,121$3,555$3,059$2,625$2,179
15 years$4,398$3,764$3,210$2,728$2,311$1,888
16 years$4,080$3,454$2,910$2,443$2,043$1,642
17 years$3,800$3,181$2,648$2,195$1,811$1,432
18 years$3,552$2,939$2,418$1,978$1,611$1,252
19 years$3,330$2,724$2,213$1,787$1,436$1,097
20 years$3,130$2,531$2,031$1,619$1,282$963
21 years$2,950$2,358$1,868$1,469$1,147$847
22 years$2,786$2,201$1,722$1,336$1,029$746
23 years$2,637$2,058$1,590$1,216$923$658
24 years$2,500$1,929$1,470$1,109$830$580
25 years$2,374$1,810$1,362$1,013$747$513
26 years$2,259$1,701$1,263$926$673$453
27 years$2,152$1,601$1,173$848$606$401
28 years$2,053$1,509$1,090$777$547$355
29 years$1,961$1,423$1,015$712$494$315
30 years$1,875$1,344$945$654$446$279
31 years$1,795$1,271$881$601$404$247
32 years$1,720$1,202$822$552$365$219
33 years$1,649$1,138$768$508$330$195
34 years$1,583$1,079$717$467$299$173
35 years$1,521$1,023$670$430$271$153
36 years$1,463$971$627$396$246$136
37 years$1,408$923$587$365$223$121
38 years$1,355$877$550$336$202$107
39 years$1,306$834$515$310$183$95
40 years$1,259$793$483$286$166$85
41 years$1,215$755$453$264$151$75
42 years$1,173$719$425$243$137$67
43 years$1,132$685$398$225$124$60
44 years$1,094$653$374$208$113$53
45 years$1,058$623$351$192$102$47
46 years$1,023$594$330$177$93$42
47 years$990$567$310$164$84$37
48 years$958$541$291$151$76$33
49 years$928$517$274$140$69$29
50 years$899$494$257$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $921,000, adding $2,358 every year, while hoping to spend $35,383 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: 30/47/23 Blend
56$921,000$921,000$921,000$921,000
57$1,017,374$968,561$954,286$1,040,563
58$1,083,499$978,374$948,607$1,068,370
59$1,155,183$987,481$941,552$1,094,955
60$1,232,955$995,811$933,038$1,122,824
61$1,317,399$1,003,287$922,977$1,152,113
62$1,409,154$1,009,829$911,277$1,182,971
63$1,508,925$1,015,348$897,842$1,215,566
64$1,617,488$1,019,753$882,573$1,250,084
65$1,735,697$1,022,946$865,364$1,286,735
66$1,864,489$1,024,821$846,105$1,325,750
67$2,004,898$1,025,269$824,680$1,367,391
68$2,158,061$1,024,171$800,971$1,411,945
69$2,325,230$1,021,402$774,850$1,459,736
70$2,507,782$1,016,829$746,186$1,511,122
71$2,707,234$1,010,311$714,841$1,566,502
72$2,925,255$1,001,700$680,671$1,626,321
73$3,163,683$990,835$643,526$1,691,071
74$3,424,543$977,550$603,248$1,761,303
75$3,710,063$961,667$559,673$1,837,626
76$4,022,696$942,995$512,629$1,920,718
77$4,365,146$921,337$461,937$2,011,331
78$4,740,387$896,479$407,409$2,110,300
79$5,151,699$868,198$348,849$2,218,551
80$5,602,689$836,257$286,052$2,337,113
81$6,097,334$800,405$218,806$2,467,126
82$6,640,013$760,375$146,887$2,609,853
83$7,235,549$715,888$70,062$2,766,695
84$7,889,255$666,646$0$2,939,204
85$8,606,982$612,335$0$3,132,028
86$9,395,178$552,623$0$3,362,682
87$10,260,943$487,159$0$3,616,130
88$11,212,102$415,573$0$3,894,775
89$12,257,272$337,471$0$4,201,271
90$13,405,948$252,441$0$4,538,554
91$14,668,589$160,046$0$4,909,865
92$16,056,720$59,822$0$5,318,786
93$17,583,036$0$0$5,769,273
94$19,261,524$0$0$6,290,892
95$21,107,597$0$0$6,898,779
96$23,138,233$0$0$7,567,606
97$25,372,141$0$0$8,303,557
98$27,829,932$0$0$9,113,441
99$30,534,317$0$0$10,004,766
100$33,510,320$0$0$10,985,802