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%19.9%
1 years$76,138$75,460$74,798$74,152$73,522$70,605
2 years$37,692$36,990$36,310$35,650$35,010$32,108
3 years$24,878$24,173$23,495$22,841$22,212$19,415
4 years$18,473$17,770$17,098$16,456$15,842$13,172
5 years$14,631$13,932$13,269$12,640$12,043$9,506
6 years$12,070$11,376$10,723$10,108$9,529$7,128
7 years$10,241$9,554$8,911$8,310$7,750$5,483
8 years$8,871$8,189$7,557$6,971$6,429$4,295
9 years$7,805$7,130$6,509$5,938$5,414$3,409
10 years$6,953$6,285$5,675$5,119$4,613$2,733
11 years$6,257$5,595$4,996$4,455$3,967$2,208
12 years$5,677$5,022$4,434$3,907$3,438$1,795
13 years$5,186$4,538$3,961$3,450$2,998$1,466
14 years$4,766$4,125$3,559$3,062$2,628$1,202
15 years$4,403$3,769$3,214$2,731$2,314$988
16 years$4,085$3,458$2,914$2,445$2,045$815
17 years$3,805$3,184$2,651$2,197$1,813$673
18 years$3,556$2,942$2,420$1,980$1,612$557
19 years$3,333$2,727$2,216$1,789$1,437$461
20 years$3,134$2,534$2,033$1,620$1,284$383
21 years$2,953$2,360$1,870$1,471$1,149$318
22 years$2,789$2,203$1,724$1,337$1,030$264
23 years$2,640$2,061$1,592$1,218$924$220
24 years$2,503$1,931$1,472$1,111$831$183
25 years$2,377$1,812$1,363$1,014$748$152
26 years$2,261$1,703$1,264$927$673$127
27 years$2,154$1,603$1,174$849$607$105
28 years$2,055$1,510$1,091$778$548$88
29 years$1,963$1,425$1,016$713$495$73
30 years$1,877$1,345$946$655$447$61
31 years$1,797$1,272$882$601$404$51
32 years$1,722$1,203$823$552$366$42
33 years$1,651$1,140$768$508$331$35
34 years$1,585$1,080$718$467$300$29
35 years$1,523$1,025$671$430$271$25
36 years$1,464$972$628$396$246$20
37 years$1,409$924$588$365$223$17
38 years$1,357$878$550$337$202$14
39 years$1,307$835$516$310$183$12
40 years$1,261$794$483$286$166$10
41 years$1,216$756$453$264$151$8
42 years$1,174$720$425$244$137$7
43 years$1,134$686$399$225$124$6
44 years$1,095$654$374$208$113$5
45 years$1,059$623$352$192$102$4
46 years$1,024$595$330$177$93$3
47 years$991$568$310$164$84$3
48 years$959$542$292$151$77$2
49 years$929$517$274$140$70$2
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 $5,143 every year, while hoping to spend $58,851 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: 52/22/26 Blend
56$922,000$922,000$922,000$922,000
57$1,021,349$972,483$958,192$1,066,794
58$1,062,910$957,518$927,674$1,083,883
59$1,106,737$939,847$894,162$1,096,057
60$1,153,000$919,275$857,492$1,108,115
61$1,201,883$895,597$817,496$1,120,067
62$1,253,588$868,594$773,995$1,131,932
63$1,308,334$838,034$726,803$1,143,732
64$1,366,360$803,674$675,727$1,155,496
65$1,427,929$765,255$620,564$1,167,261
66$1,493,328$722,502$561,103$1,179,070
67$1,562,869$675,127$497,122$1,190,978
68$1,636,896$622,822$428,390$1,203,048
69$1,715,784$565,265$354,666$1,215,355
70$1,799,945$502,114$275,698$1,227,990
71$1,889,828$433,006$191,222$1,241,056
72$1,985,927$357,560$100,965$1,254,674
73$2,088,783$275,372$4,639$1,268,985
74$2,198,990$186,016$0$1,284,150
75$2,317,199$89,043$0$1,327,584
76$2,444,122$0$0$1,375,413
77$2,580,545$0$0$1,430,561
78$2,727,327$0$0$1,513,155
79$2,885,414$0$0$1,602,179
80$3,055,842$0$0$1,698,226
81$3,239,752$0$0$1,801,948
82$3,438,395$0$0$1,914,059
83$3,653,147$0$0$2,035,348
84$3,885,522$0$0$2,166,680
85$4,137,180$0$0$2,309,004
86$4,409,952$0$0$2,463,367
87$4,705,845$0$0$2,630,919
88$5,027,071$0$0$2,812,924
89$5,376,060$0$0$3,010,774
90$5,755,488$0$0$3,225,998
91$6,168,296$0$0$3,460,282
92$6,617,722$0$0$3,715,477
93$7,107,327$0$0$3,993,623
94$7,641,032$0$0$4,296,964
95$8,223,150$0$0$4,627,969
96$8,858,431$0$0$4,989,357
97$9,552,100$0$0$5,384,121
98$10,309,913$0$0$5,815,555
99$11,138,202$0$0$6,287,286
100$12,043,943$0$0$6,803,308