Can I retire at age 57 with 922,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$76,138$75,460$74,798$74,152$73,522$70,857
2 years$37,692$36,990$36,310$35,650$35,010$32,355
3 years$24,878$24,173$23,495$22,841$22,212$19,649
4 years$18,473$17,770$17,098$16,456$15,842$13,391
5 years$14,631$13,932$13,269$12,640$12,043$9,711
6 years$12,070$11,376$10,723$10,108$9,529$7,318
7 years$10,241$9,554$8,911$8,310$7,750$5,658
8 years$8,871$8,189$7,557$6,971$6,429$4,456
9 years$7,805$7,130$6,509$5,938$5,414$3,556
10 years$6,953$6,285$5,675$5,119$4,613$2,868
11 years$6,257$5,595$4,996$4,455$3,967$2,331
12 years$5,677$5,022$4,434$3,907$3,438$1,906
13 years$5,186$4,538$3,961$3,450$2,998$1,566
14 years$4,766$4,125$3,559$3,062$2,628$1,292
15 years$4,403$3,769$3,214$2,731$2,314$1,069
16 years$4,085$3,458$2,914$2,445$2,045$887
17 years$3,805$3,184$2,651$2,197$1,813$738
18 years$3,556$2,942$2,420$1,980$1,612$615
19 years$3,333$2,727$2,216$1,789$1,437$513
20 years$3,134$2,534$2,033$1,620$1,284$428
21 years$2,953$2,360$1,870$1,471$1,149$358
22 years$2,789$2,203$1,724$1,337$1,030$300
23 years$2,640$2,061$1,592$1,218$924$251
24 years$2,503$1,931$1,472$1,111$831$210
25 years$2,377$1,812$1,363$1,014$748$176
26 years$2,261$1,703$1,264$927$673$148
27 years$2,154$1,603$1,174$849$607$124
28 years$2,055$1,510$1,091$778$548$104
29 years$1,963$1,425$1,016$713$495$87
30 years$1,877$1,345$946$655$447$73
31 years$1,797$1,272$882$601$404$62
32 years$1,722$1,203$823$552$366$52
33 years$1,651$1,140$768$508$331$43
34 years$1,585$1,080$718$467$300$36
35 years$1,523$1,025$671$430$271$31
36 years$1,464$972$628$396$246$26
37 years$1,409$924$588$365$223$22
38 years$1,357$878$550$337$202$18
39 years$1,307$835$516$310$183$15
40 years$1,261$794$483$286$166$13
41 years$1,216$756$453$264$151$11
42 years$1,174$720$425$244$137$9
43 years$1,134$686$399$225$124$8
44 years$1,095$654$374$208$113$6
45 years$1,059$623$352$192$102$5
46 years$1,024$595$330$177$93$5
47 years$991$568$310$164$84$4
48 years$959$542$292$151$77$3
49 years$929$517$274$140$70$3
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $922,000, adding $5,402 every year, while hoping to spend $56,479 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: 74/14/12 Blend
56$922,000$922,000$922,000$922,000
57$1,021,616$972,750$958,459$1,094,353
58$1,065,728$960,322$930,474$1,130,700
59$1,112,446$945,391$899,659$1,162,946
60$1,161,977$927,777$865,859$1,196,728
61$1,214,545$907,285$828,912$1,232,179
62$1,270,399$883,712$788,651$1,269,450
63$1,329,806$856,840$744,897$1,308,708
64$1,393,063$826,442$697,468$1,350,137
65$1,460,491$792,274$646,169$1,393,941
66$1,532,446$754,079$590,800$1,440,345
67$1,609,314$711,588$531,150$1,489,601
68$1,691,519$664,511$466,999$1,541,984
69$1,779,529$612,547$398,118$1,597,803
70$1,873,853$555,374$324,268$1,657,397
71$1,975,052$492,653$245,196$1,721,142
72$2,083,740$424,025$160,643$1,789,455
73$2,200,592$349,113$70,335$1,862,796
74$2,326,348$267,516$0$1,941,676
75$2,461,823$178,812$0$2,029,994
76$2,607,909$82,554$0$2,134,867
77$2,765,588$0$0$2,248,011
78$2,935,938$0$0$2,373,580
79$3,120,143$0$0$2,523,146
80$3,319,507$0$0$2,685,054
81$3,535,460$0$0$2,860,469
82$3,769,578$0$0$3,050,674
83$4,023,592$0$0$3,257,082
84$4,299,404$0$0$3,481,243
85$4,599,110$0$0$3,724,864
86$4,925,012$0$0$3,989,824
87$5,279,645$0$0$4,278,188
88$5,665,798$0$0$4,592,230
89$6,086,539$0$0$4,934,450
90$6,545,244$0$0$5,307,601
91$7,045,631$0$0$5,714,714
92$7,591,789$0$0$6,159,123
93$8,188,222$0$0$6,644,499
94$8,839,886$0$0$7,174,884
95$9,552,238$0$0$7,754,727
96$10,331,287$0$0$8,388,925
97$11,183,648$0$0$9,082,873
98$12,116,604$0$0$9,842,509
99$13,138,177$0$0$10,674,374
100$14,257,199$0$0$11,585,669