Can I retire at age 57 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$76,303$75,623$74,960$74,313$73,681$72,490
2 years$37,774$37,070$36,388$35,727$35,086$33,890
3 years$24,932$24,226$23,546$22,891$22,260$21,095
4 years$18,513$17,809$17,135$16,492$15,876$14,752
5 years$14,662$13,962$13,298$12,667$12,069$10,988
6 years$12,096$11,401$10,747$10,130$9,550$8,514
7 years$10,264$9,575$8,930$8,328$7,766$6,776
8 years$8,890$8,207$7,574$6,987$6,443$5,498
9 years$7,822$7,146$6,523$5,951$5,426$4,526
10 years$6,968$6,299$5,687$5,130$4,623$3,767
11 years$6,270$5,607$5,007$4,464$3,976$3,163
12 years$5,689$5,033$4,443$3,916$3,446$2,675
13 years$5,198$4,548$3,970$3,457$3,005$2,274
14 years$4,777$4,134$3,567$3,069$2,634$1,943
15 years$4,412$3,777$3,221$2,737$2,319$1,667
16 years$4,094$3,465$2,920$2,451$2,050$1,435
17 years$3,813$3,191$2,657$2,202$1,817$1,238
18 years$3,564$2,949$2,425$1,984$1,616$1,071
19 years$3,341$2,733$2,220$1,793$1,440$928
20 years$3,140$2,540$2,038$1,624$1,286$806
21 years$2,959$2,366$1,874$1,474$1,151$701
22 years$2,795$2,208$1,728$1,340$1,032$610
23 years$2,645$2,065$1,595$1,220$926$532
24 years$2,508$1,935$1,475$1,113$833$464
25 years$2,382$1,816$1,366$1,017$749$405
26 years$2,266$1,707$1,267$929$675$354
27 years$2,159$1,606$1,177$851$608$309
28 years$2,059$1,513$1,094$779$549$270
29 years$1,967$1,428$1,018$715$496$237
30 years$1,881$1,348$948$656$448$207
31 years$1,800$1,275$884$602$405$181
32 years$1,725$1,206$825$554$366$159
33 years$1,655$1,142$770$509$332$139
34 years$1,589$1,083$720$468$300$122
35 years$1,526$1,027$673$431$272$107
36 years$1,468$975$629$397$246$94
37 years$1,412$926$589$366$223$82
38 years$1,360$880$552$337$202$72
39 years$1,310$836$517$311$184$63
40 years$1,263$796$484$287$166$56
41 years$1,219$758$454$265$151$49
42 years$1,176$721$426$244$137$43
43 years$1,136$687$400$225$124$38
44 years$1,098$655$375$208$113$33
45 years$1,061$625$352$192$102$29
46 years$1,027$596$331$178$93$25
47 years$993$569$311$164$84$22
48 years$962$543$292$152$77$20
49 years$931$519$275$140$70$17
50 years$902$495$258$130$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $924,000, adding $3,784 every year, while hoping to spend $33,186 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: 42/39/19 Blend
56$924,000$924,000$924,000$924,000
57$1,022,151$973,179$958,857$1,059,249
58$1,091,101$985,555$955,669$1,098,278
59$1,165,971$997,426$951,262$1,136,998
60$1,247,331$1,008,730$945,560$1,178,238
61$1,335,806$1,019,405$938,484$1,222,246
62$1,432,085$1,029,383$929,950$1,269,298
63$1,536,926$1,038,590$919,871$1,319,696
64$1,651,161$1,046,950$908,155$1,373,776
65$1,775,708$1,054,379$894,707$1,431,912
66$1,911,577$1,060,791$879,427$1,494,515
67$2,059,880$1,066,091$862,209$1,562,040
68$2,221,839$1,070,181$842,945$1,634,992
69$2,398,801$1,072,954$821,518$1,713,927
70$2,592,248$1,074,299$797,809$1,799,464
71$2,803,814$1,074,096$771,691$1,892,284
72$3,035,295$1,072,218$743,035$1,993,141
73$3,288,669$1,068,532$711,701$2,102,869
74$3,566,117$1,062,893$677,547$2,222,391
75$3,870,038$1,055,152$640,421$2,352,725
76$4,203,074$1,045,147$600,168$2,494,998
77$4,568,136$1,032,707$556,622$2,650,456
78$4,968,429$1,017,653$509,612$2,820,475
79$5,407,484$999,794$458,959$3,006,576
80$5,889,190$978,926$404,476$3,210,438
81$6,417,829$954,834$345,968$3,433,919
82$6,998,119$927,293$283,229$3,679,068
83$7,635,257$896,060$216,048$3,948,151
84$8,334,968$860,883$144,200$4,243,671
85$9,103,559$821,490$67,455$4,568,390
86$9,947,976$777,597$0$4,925,359
87$10,875,874$728,903$0$5,320,877
88$11,895,682$675,089$0$5,770,519
89$13,016,691$615,818$0$6,264,757
90$14,249,134$550,733$0$6,808,182
91$15,604,286$479,459$0$7,405,857
92$17,094,567$401,597$0$8,063,368
93$18,733,665$316,727$0$8,786,878
94$20,536,658$224,405$0$9,583,184
95$22,520,158$124,162$0$10,459,782
96$24,702,472$15,504$0$11,424,942
97$27,103,767$0$0$12,487,785
98$29,746,266$0$0$13,702,183
99$32,654,455$0$0$15,046,143
100$35,855,311$0$0$16,525,496