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%13.8%
1 years$76,386$75,705$75,041$74,393$73,761$72,599
2 years$37,815$37,110$36,428$35,766$35,124$33,956
3 years$24,959$24,252$23,571$22,916$22,284$21,147
4 years$18,533$17,828$17,154$16,509$15,893$14,795
5 years$14,678$13,977$13,312$12,681$12,082$11,027
6 years$12,109$11,413$10,758$10,141$9,560$8,549
7 years$10,275$9,585$8,940$8,337$7,775$6,808
8 years$8,900$8,216$7,582$6,994$6,450$5,527
9 years$7,831$7,154$6,530$5,957$5,432$4,552
10 years$6,976$6,306$5,693$5,135$4,628$3,791
11 years$6,277$5,613$5,012$4,469$3,980$3,185
12 years$5,695$5,038$4,448$3,920$3,449$2,695
13 years$5,203$4,553$3,974$3,461$3,008$2,293
14 years$4,782$4,139$3,571$3,072$2,637$1,961
15 years$4,417$3,781$3,224$2,740$2,322$1,683
16 years$4,098$3,469$2,923$2,453$2,052$1,449
17 years$3,817$3,195$2,660$2,204$1,819$1,252
18 years$3,567$2,952$2,428$1,986$1,618$1,084
19 years$3,344$2,736$2,223$1,795$1,442$940
20 years$3,144$2,542$2,040$1,626$1,288$817
21 years$2,963$2,368$1,876$1,475$1,152$711
22 years$2,798$2,211$1,729$1,341$1,033$619
23 years$2,648$2,067$1,597$1,222$927$540
24 years$2,511$1,937$1,477$1,114$833$471
25 years$2,385$1,818$1,368$1,018$750$412
26 years$2,269$1,708$1,269$930$676$360
27 years$2,161$1,608$1,178$852$609$315
28 years$2,062$1,515$1,095$780$550$276
29 years$1,969$1,429$1,019$716$496$242
30 years$1,883$1,350$949$657$448$212
31 years$1,802$1,276$885$603$405$186
32 years$1,727$1,207$826$554$367$163
33 years$1,657$1,143$771$510$332$143
34 years$1,590$1,084$720$469$300$125
35 years$1,528$1,028$673$432$272$110
36 years$1,469$976$630$398$247$96
37 years$1,414$927$590$366$223$85
38 years$1,361$881$552$338$203$74
39 years$1,312$837$517$311$184$65
40 years$1,265$797$485$287$167$57
41 years$1,220$758$455$265$151$50
42 years$1,178$722$426$245$137$44
43 years$1,137$688$400$226$125$39
44 years$1,099$656$376$208$113$34
45 years$1,062$626$353$192$103$30
46 years$1,028$597$331$178$93$26
47 years$994$569$311$164$85$23
48 years$963$544$292$152$77$20
49 years$932$519$275$140$70$18
50 years$903$496$258$130$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $925,000, adding $6,255 every year, while hoping to spend $52,398 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: 36/35/29 Blend
56$925,000$925,000$925,000$925,000
57$1,025,802$976,777$962,440$1,053,627
58$1,074,683$968,888$938,930$1,067,032
59$1,126,793$958,856$912,877$1,076,325
60$1,182,407$946,522$884,140$1,085,362
61$1,241,826$931,714$852,571$1,094,155
62$1,305,377$914,253$818,018$1,102,723
63$1,373,423$893,949$780,319$1,111,090
64$1,446,359$870,599$739,306$1,119,291
65$1,524,618$843,989$694,804$1,127,365
66$1,608,679$813,894$646,629$1,135,364
67$1,699,062$780,073$594,589$1,143,350
68$1,796,344$742,274$538,485$1,151,397
69$1,901,153$700,228$478,107$1,159,596
70$2,014,183$653,651$413,235$1,168,050
71$2,136,193$602,244$343,643$1,176,884
72$2,268,021$545,689$269,090$1,186,242
73$2,410,584$483,653$189,330$1,196,290
74$2,564,892$415,780$104,101$1,207,221
75$2,732,055$341,698$13,132$1,219,257
76$2,913,293$261,009$0$1,232,652
77$3,109,948$173,298$0$1,273,674
78$3,323,496$78,123$0$1,322,702
79$3,555,561$0$0$1,376,141
80$3,807,928$0$0$1,444,139
81$4,082,562$0$0$1,550,996
82$4,381,625$0$0$1,667,478
83$4,707,495$0$0$1,794,527
84$5,062,791$0$0$1,933,180
85$5,450,394$0$0$2,084,577
86$5,873,475$0$0$2,249,974
87$6,335,525$0$0$2,430,753
88$6,840,387$0$0$2,628,438
89$7,392,293$0$0$2,844,704
90$7,995,900$0$0$3,081,396
91$8,656,336$0$0$3,340,546
92$9,379,250$0$0$3,624,392
93$10,170,861$0$0$3,935,399
94$11,038,016$0$0$4,276,279
95$11,988,257$0$0$4,650,023
96$13,029,890$0$0$5,059,922
97$14,172,063$0$0$5,509,602
98$15,424,851$0$0$6,003,057
99$16,799,351$0$0$6,544,686
100$18,307,787$0$0$7,139,334