Can I retire at age 57 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,220$75,542$74,879$74,233$73,601$71,998
2 years$37,733$37,030$36,349$35,689$35,048$33,441
3 years$24,905$24,200$23,520$22,866$22,236$20,675
4 years$18,493$17,789$17,117$16,474$15,859$14,356
5 years$14,646$13,947$13,283$12,653$12,056$10,615
6 years$12,083$11,389$10,735$10,119$9,539$8,163
7 years$10,253$9,564$8,921$8,319$7,758$6,446
8 years$8,880$8,198$7,565$6,979$6,436$5,188
9 years$7,814$7,138$6,516$5,945$5,420$4,235
10 years$6,961$6,292$5,681$5,124$4,618$3,494
11 years$6,264$5,601$5,001$4,460$3,972$2,908
12 years$5,683$5,027$4,439$3,912$3,442$2,437
13 years$5,192$4,543$3,966$3,453$3,001$2,053
14 years$4,772$4,130$3,563$3,066$2,631$1,738
15 years$4,407$3,773$3,217$2,734$2,317$1,476
16 years$4,089$3,461$2,917$2,448$2,047$1,258
17 years$3,809$3,188$2,654$2,199$1,815$1,075
18 years$3,560$2,946$2,423$1,982$1,614$920
19 years$3,337$2,730$2,218$1,791$1,439$789
20 years$3,137$2,537$2,036$1,622$1,285$678
21 years$2,956$2,363$1,872$1,472$1,150$583
22 years$2,792$2,206$1,726$1,339$1,031$503
23 years$2,642$2,063$1,593$1,219$925$433
24 years$2,505$1,933$1,474$1,112$832$374
25 years$2,380$1,814$1,365$1,015$748$323
26 years$2,264$1,705$1,266$928$674$279
27 years$2,157$1,604$1,175$850$608$241
28 years$2,057$1,512$1,093$779$548$208
29 years$1,965$1,426$1,017$714$495$180
30 years$1,879$1,347$947$655$447$156
31 years$1,799$1,273$883$602$405$135
32 years$1,723$1,205$824$553$366$117
33 years$1,653$1,141$769$509$331$101
34 years$1,587$1,081$719$468$300$88
35 years$1,525$1,026$672$431$272$76
36 years$1,466$973$629$397$246$66
37 years$1,411$925$588$366$223$57
38 years$1,358$879$551$337$202$49
39 years$1,309$836$516$311$183$43
40 years$1,262$795$484$287$166$37
41 years$1,217$757$454$264$151$32
42 years$1,175$721$426$244$137$28
43 years$1,135$687$399$225$124$24
44 years$1,097$655$375$208$113$21
45 years$1,060$624$352$192$102$18
46 years$1,025$595$331$177$93$16
47 years$992$568$311$164$84$14
48 years$961$542$292$151$77$12
49 years$930$518$274$140$70$10
50 years$901$495$258$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $923,000, adding $6,595 every year, while hoping to spend $45,816 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: 42/43/15 Blend
56$923,000$923,000$923,000$923,000
57$1,023,949$975,030$960,723$1,062,198
58$1,079,644$974,058$944,160$1,088,800
59$1,139,484$971,504$925,506$1,112,558
60$1,203,844$967,240$904,643$1,137,298
61$1,273,135$961,134$881,447$1,163,131
62$1,347,808$953,043$855,789$1,190,181
63$1,428,360$942,817$827,533$1,218,591
64$1,515,334$930,297$796,537$1,248,517
65$1,609,331$915,314$762,654$1,280,139
66$1,711,007$897,689$725,727$1,313,656
67$1,821,086$877,232$685,596$1,349,292
68$1,940,364$853,743$642,090$1,387,298
69$2,069,714$827,009$595,032$1,427,957
70$2,210,097$796,806$544,239$1,471,583
71$2,362,572$762,894$489,516$1,518,528
72$2,528,301$725,023$430,661$1,569,186
73$2,708,564$682,925$367,465$1,623,996
74$2,904,769$636,320$299,706$1,683,449
75$3,118,464$584,908$227,155$1,748,093
76$3,351,355$528,376$149,572$1,818,536
77$3,605,317$466,390$66,707$1,895,459
78$3,882,415$398,599$0$1,979,618
79$4,184,922$324,631$0$2,075,331
80$4,515,340$244,093$0$2,191,680
81$4,876,421$156,571$0$2,319,063
82$5,271,200$61,627$0$2,458,686
83$5,703,013$0$0$2,611,885
84$6,175,538$0$0$2,799,637
85$6,692,820$0$0$3,037,209
86$7,259,318$0$0$3,297,501
87$7,879,939$0$0$3,582,783
88$8,560,088$0$0$3,895,556
89$9,305,720$0$0$4,238,573
90$10,123,390$0$0$4,614,866
91$11,020,319$0$0$5,027,775
92$12,004,462$0$0$5,480,981
93$13,084,580$0$0$5,978,535
94$14,270,323$0$0$6,524,902
95$15,572,322$0$0$7,125,000
96$17,002,287$0$0$7,784,246
97$18,573,119$0$0$8,508,610
98$20,299,029$0$0$9,304,665
99$22,195,672$0$0$10,179,655
100$24,280,296$0$0$11,141,561