Can I retire at age 57 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$76,138$75,460$74,798$74,152$73,522$71,026
2 years$37,692$36,990$36,310$35,650$35,010$32,521
3 years$24,878$24,173$23,495$22,841$22,212$19,807
4 years$18,473$17,770$17,098$16,456$15,842$13,540
5 years$14,631$13,932$13,269$12,640$12,043$9,850
6 years$12,070$11,376$10,723$10,108$9,529$7,447
7 years$10,241$9,554$8,911$8,310$7,750$5,778
8 years$8,871$8,189$7,557$6,971$6,429$4,566
9 years$7,805$7,130$6,509$5,938$5,414$3,658
10 years$6,953$6,285$5,675$5,119$4,613$2,961
11 years$6,257$5,595$4,996$4,455$3,967$2,416
12 years$5,677$5,022$4,434$3,907$3,438$1,983
13 years$5,186$4,538$3,961$3,450$2,998$1,636
14 years$4,766$4,125$3,559$3,062$2,628$1,356
15 years$4,403$3,769$3,214$2,731$2,314$1,127
16 years$4,085$3,458$2,914$2,445$2,045$939
17 years$3,805$3,184$2,651$2,197$1,813$784
18 years$3,556$2,942$2,420$1,980$1,612$656
19 years$3,333$2,727$2,216$1,789$1,437$550
20 years$3,134$2,534$2,033$1,620$1,284$462
21 years$2,953$2,360$1,870$1,471$1,149$388
22 years$2,789$2,203$1,724$1,337$1,030$326
23 years$2,640$2,061$1,592$1,218$924$274
24 years$2,503$1,931$1,472$1,111$831$231
25 years$2,377$1,812$1,363$1,014$748$194
26 years$2,261$1,703$1,264$927$673$164
27 years$2,154$1,603$1,174$849$607$138
28 years$2,055$1,510$1,091$778$548$116
29 years$1,963$1,425$1,016$713$495$98
30 years$1,877$1,345$946$655$447$83
31 years$1,797$1,272$882$601$404$70
32 years$1,722$1,203$823$552$366$59
33 years$1,651$1,140$768$508$331$50
34 years$1,585$1,080$718$467$300$42
35 years$1,523$1,025$671$430$271$35
36 years$1,464$972$628$396$246$30
37 years$1,409$924$588$365$223$25
38 years$1,357$878$550$337$202$21
39 years$1,307$835$516$310$183$18
40 years$1,261$794$483$286$166$15
41 years$1,216$756$453$264$151$13
42 years$1,174$720$425$244$137$11
43 years$1,134$686$399$225$124$9
44 years$1,095$654$374$208$113$8
45 years$1,059$623$352$192$102$7
46 years$1,024$595$330$177$93$6
47 years$991$568$310$164$84$5
48 years$959$542$292$151$77$4
49 years$929$517$274$140$70$3
50 years$900$494$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $922,000, adding $4,508 every year, while hoping to spend $24,565 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: 57/22/21 Blend
56$922,000$922,000$922,000$922,000
57$1,020,694$971,828$957,537$1,072,883
58$1,098,668$993,311$963,478$1,130,447
59$1,183,772$1,015,023$968,794$1,190,131
60$1,276,707$1,036,949$973,439$1,254,640
61$1,378,245$1,059,074$977,363$1,324,445
62$1,489,237$1,081,380$980,516$1,400,064
63$1,610,618$1,103,846$982,842$1,482,069
64$1,743,419$1,126,452$984,285$1,571,089
65$1,888,773$1,149,174$984,784$1,667,819
66$2,047,931$1,171,986$984,277$1,773,025
67$2,222,267$1,194,861$982,698$1,887,549
68$2,413,298$1,217,768$979,977$2,012,322
69$2,622,691$1,240,675$976,043$2,148,368
70$2,852,284$1,263,547$970,819$2,296,817
71$3,104,100$1,286,345$964,225$2,458,914
72$3,380,370$1,309,027$956,179$2,636,032
73$3,683,549$1,331,550$946,592$2,829,684
74$4,016,341$1,353,866$935,372$3,041,539
75$4,381,725$1,375,923$922,425$3,273,434
76$4,782,984$1,397,666$907,648$3,527,398
77$5,223,732$1,419,035$890,938$3,805,663
78$5,707,952$1,439,968$872,184$4,110,695
79$6,240,032$1,460,395$851,271$4,445,207
80$6,824,805$1,480,244$828,078$4,812,193
81$7,467,595$1,499,436$802,480$5,214,953
82$8,174,271$1,517,889$774,343$5,657,123
83$8,951,293$1,535,513$743,531$6,142,714
84$9,805,785$1,552,213$709,899$6,676,145
85$10,745,591$1,567,887$673,296$7,262,288
86$11,779,355$1,582,427$633,565$7,906,513
87$12,916,600$1,595,717$590,541$8,614,741
88$14,167,821$1,607,635$544,052$9,393,497
89$15,544,579$1,618,049$493,918$10,249,975
90$17,059,613$1,626,821$439,951$11,192,103
91$18,726,959$1,633,800$381,955$12,228,623
92$20,562,083$1,638,831$319,725$13,369,166
93$22,582,027$1,641,745$253,047$14,624,354
94$24,805,567$1,642,364$181,697$16,005,891
95$27,253,394$1,640,499$105,443$17,526,680
96$29,948,305$1,635,948$24,040$19,200,941
97$32,915,422$1,628,499$0$21,044,350
98$36,182,425$1,617,926$0$23,088,264
99$39,779,815$1,603,987$0$25,344,310
100$43,741,203$1,586,430$0$27,828,150