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%16.5%
1 years$76,055$75,378$74,717$74,072$73,442$71,492
2 years$37,651$36,950$36,270$35,611$34,972$33,022
3 years$24,851$24,147$23,469$22,817$22,188$20,298
4 years$18,453$17,751$17,080$16,438$15,825$14,009
5 years$14,615$13,917$13,255$12,626$12,030$10,293
6 years$12,057$11,364$10,712$10,097$9,519$7,864
7 years$10,230$9,544$8,901$8,301$7,741$6,168
8 years$8,861$8,181$7,549$6,964$6,422$4,929
9 years$7,797$7,123$6,502$5,932$5,408$3,995
10 years$6,946$6,278$5,669$5,113$4,608$3,272
11 years$6,250$5,589$4,991$4,450$3,963$2,702
12 years$5,671$5,017$4,429$3,903$3,434$2,247
13 years$5,181$4,534$3,957$3,446$2,995$1,878
14 years$4,761$4,121$3,555$3,059$2,625$1,576
15 years$4,398$3,764$3,210$2,728$2,311$1,328
16 years$4,080$3,454$2,910$2,443$2,043$1,122
17 years$3,800$3,181$2,648$2,195$1,811$950
18 years$3,552$2,939$2,418$1,978$1,611$806
19 years$3,330$2,724$2,213$1,787$1,436$686
20 years$3,130$2,531$2,031$1,619$1,282$584
21 years$2,950$2,358$1,868$1,469$1,147$498
22 years$2,786$2,201$1,722$1,336$1,029$425
23 years$2,637$2,058$1,590$1,216$923$363
24 years$2,500$1,929$1,470$1,109$830$310
25 years$2,374$1,810$1,362$1,013$747$265
26 years$2,259$1,701$1,263$926$673$227
27 years$2,152$1,601$1,173$848$606$194
28 years$2,053$1,509$1,090$777$547$166
29 years$1,961$1,423$1,015$712$494$142
30 years$1,875$1,344$945$654$446$122
31 years$1,795$1,271$881$601$404$105
32 years$1,720$1,202$822$552$365$90
33 years$1,649$1,138$768$508$330$77
34 years$1,583$1,079$717$467$299$66
35 years$1,521$1,023$670$430$271$57
36 years$1,463$971$627$396$246$49
37 years$1,408$923$587$365$223$42
38 years$1,355$877$550$336$202$36
39 years$1,306$834$515$310$183$31
40 years$1,259$793$483$286$166$26
41 years$1,215$755$453$264$151$23
42 years$1,173$719$425$243$137$19
43 years$1,132$685$398$225$124$17
44 years$1,094$653$374$208$113$14
45 years$1,058$623$351$192$102$12
46 years$1,023$594$330$177$93$10
47 years$990$567$310$164$84$9
48 years$958$541$291$151$76$8
49 years$928$517$274$140$69$7
50 years$899$494$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $921,000, adding $5,991 every year, while hoping to spend $35,276 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: 43/39/18 Blend
56$921,000$921,000$921,000$921,000
57$1,021,122$972,309$958,033$1,059,446
58$1,087,743$982,418$952,594$1,097,156
59$1,159,977$991,841$945,790$1,134,056
60$1,238,359$1,000,506$937,539$1,173,292
61$1,323,479$1,008,338$927,753$1,215,097
62$1,415,983$1,015,256$916,342$1,259,728
63$1,516,584$1,021,174$903,210$1,307,469
64$1,626,065$1,026,002$888,258$1,358,637
65$1,745,290$1,029,642$871,381$1,413,581
66$1,875,207$1,031,991$852,469$1,472,687
67$2,016,860$1,032,941$831,409$1,536,386
68$2,171,398$1,032,373$808,080$1,605,152
69$2,340,087$1,030,166$782,357$1,679,510
70$2,524,320$1,026,188$754,110$1,760,043
71$2,725,629$1,020,300$723,200$1,847,394
72$2,945,702$1,012,353$689,487$1,942,277
73$3,186,397$1,002,192$652,818$2,045,481
74$3,449,761$989,651$613,039$2,157,877
75$3,738,045$974,553$569,984$2,280,431
76$4,053,732$956,712$523,485$2,414,212
77$4,399,552$935,931$473,362$2,560,399
78$4,778,515$912,000$419,428$2,720,297
79$5,193,934$884,698$361,489$2,895,351
80$5,649,458$853,790$299,341$3,087,156
81$6,149,106$819,029$232,772$3,297,476
82$6,697,305$780,152$161,560$3,528,260
83$7,298,932$736,881$85,474$3,781,662
84$7,959,357$688,923$4,272$4,060,062
85$8,684,498$635,967$0$4,366,090
86$9,480,872$577,684$0$4,718,475
87$10,355,658$513,728$0$5,106,506
88$11,316,767$443,732$0$5,532,961
89$12,372,910$367,308$0$6,001,808
90$13,533,688$284,047$0$6,517,430
91$14,809,676$193,517$0$7,084,659
92$16,212,524$95,261$0$7,708,830
93$17,755,069$0$0$8,395,827
94$19,451,453$0$0$9,156,952
95$21,317,257$0$0$10,039,182
96$23,369,648$0$0$11,009,769
97$25,627,541$0$0$12,077,673
98$28,111,777$0$0$13,252,767
99$30,845,316$0$0$14,545,932
100$33,853,460$0$0$15,969,152