Can I retire at age 57 with 925,000?

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 $925,000?

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%
1 years$76,386$75,705$75,041$74,393$73,761$71,059
2 years$37,815$37,110$36,428$35,766$35,124$32,432
3 years$24,959$24,252$23,571$22,916$22,284$19,687
4 years$18,533$17,828$17,154$16,509$15,893$13,410
5 years$14,678$13,977$13,312$12,681$12,082$9,719
6 years$12,109$11,413$10,758$10,141$9,560$7,320
7 years$10,275$9,585$8,940$8,337$7,775$5,657
8 years$8,900$8,216$7,582$6,994$6,450$4,452
9 years$7,831$7,154$6,530$5,957$5,432$3,551
10 years$6,976$6,306$5,693$5,135$4,628$2,862
11 years$6,277$5,613$5,012$4,469$3,980$2,324
12 years$5,695$5,038$4,448$3,920$3,449$1,899
13 years$5,203$4,553$3,974$3,461$3,008$1,560
14 years$4,782$4,139$3,571$3,072$2,637$1,286
15 years$4,417$3,781$3,224$2,740$2,322$1,064
16 years$4,098$3,469$2,923$2,453$2,052$882
17 years$3,817$3,195$2,660$2,204$1,819$733
18 years$3,567$2,952$2,428$1,986$1,618$610
19 years$3,344$2,736$2,223$1,795$1,442$509
20 years$3,144$2,542$2,040$1,626$1,288$424
21 years$2,963$2,368$1,876$1,475$1,152$355
22 years$2,798$2,211$1,729$1,341$1,033$296
23 years$2,648$2,067$1,597$1,222$927$248
24 years$2,511$1,937$1,477$1,114$833$208
25 years$2,385$1,818$1,368$1,018$750$174
26 years$2,269$1,708$1,269$930$676$146
27 years$2,161$1,608$1,178$852$609$122
28 years$2,062$1,515$1,095$780$550$102
29 years$1,969$1,429$1,019$716$496$86
30 years$1,883$1,350$949$657$448$72
31 years$1,802$1,276$885$603$405$60
32 years$1,727$1,207$826$554$367$51
33 years$1,657$1,143$771$510$332$43
34 years$1,590$1,084$720$469$300$36
35 years$1,528$1,028$673$432$272$30
36 years$1,469$976$630$398$247$25
37 years$1,414$927$590$366$223$21
38 years$1,361$881$552$338$203$18
39 years$1,312$837$517$311$184$15
40 years$1,265$797$485$287$167$12
41 years$1,220$758$455$265$151$10
42 years$1,178$722$426$245$137$9
43 years$1,137$688$400$226$125$7
44 years$1,099$656$376$208$113$6
45 years$1,062$626$353$192$103$5
46 years$1,028$597$331$178$93$4
47 years$994$569$311$164$85$4
48 years$963$544$292$152$77$3
49 years$932$519$275$140$70$3
50 years$903$496$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $925,000, adding $4,377 every year, while hoping to spend $33,072 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: 35/40/25 Blend
56$925,000$925,000$925,000$925,000
57$1,023,865$974,840$960,502$1,051,830
58$1,093,111$987,419$957,491$1,085,566
59$1,168,311$999,505$953,270$1,118,622
60$1,250,039$1,011,041$947,764$1,153,635
61$1,338,923$1,021,963$940,895$1,190,801
62$1,435,658$1,032,203$932,579$1,230,337
63$1,541,004$1,041,690$922,730$1,272,485
64$1,655,801$1,050,347$911,256$1,317,513
65$1,780,972$1,058,094$898,063$1,365,718
66$1,917,534$1,064,843$883,050$1,417,431
67$2,066,604$1,070,502$866,114$1,473,016
68$2,229,414$1,074,974$847,146$1,532,881
69$2,407,320$1,078,152$826,030$1,597,473
70$2,601,812$1,079,928$802,648$1,667,292
71$2,814,535$1,080,182$776,875$1,742,889
72$3,047,297$1,078,790$748,579$1,824,876
73$3,302,089$1,075,618$717,624$1,913,929
74$3,581,105$1,070,527$683,867$2,010,799
75$3,886,759$1,063,365$647,159$2,116,317
76$4,221,713$1,053,974$607,343$2,231,400
77$4,588,895$1,042,186$564,256$2,357,067
78$4,991,531$1,027,822$517,728$2,494,442
79$5,433,175$1,010,693$467,580$2,644,771
80$5,917,741$990,599$413,625$2,809,431
81$6,449,540$967,327$355,671$2,989,947
82$7,033,320$940,653$293,513$3,188,002
83$7,674,312$910,339$226,939$3,405,461
84$8,378,279$876,132$155,728$3,644,382
85$9,151,567$837,767$79,649$3,907,042
86$10,001,171$794,961$0$4,195,959
87$10,934,792$747,415$0$4,514,324
88$11,960,918$694,816$0$4,887,499
89$13,088,898$636,829$0$5,297,682
90$14,329,033$573,101$0$5,748,698
91$15,692,672$503,260$0$6,244,766
92$17,192,317$426,913$0$6,790,543
93$18,841,744$343,642$0$7,391,167
94$20,656,131$253,010$0$8,052,308
95$22,652,200$154,551$0$8,780,219
96$24,848,377$47,775$0$9,581,802
97$27,264,961$0$0$10,464,667
98$29,924,321$0$0$11,467,071
99$32,851,104$0$0$12,593,577
100$36,072,465$0$0$13,833,628