Can I retire at age 57 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,468$75,787$75,123$74,474$73,841$71,910
2 years$37,856$37,151$36,467$35,805$35,162$33,230
3 years$24,986$24,278$23,597$22,940$22,308$20,435
4 years$18,553$17,847$17,172$16,527$15,910$14,111
5 years$14,694$13,992$13,326$12,695$12,095$10,374
6 years$12,122$11,426$10,770$10,152$9,570$7,930
7 years$10,286$9,595$8,950$8,346$7,783$6,223
8 years$8,909$8,225$7,590$7,002$6,457$4,976
9 years$7,839$7,161$6,537$5,964$5,438$4,035
10 years$6,984$6,312$5,699$5,141$4,633$3,307
11 years$6,284$5,620$5,018$4,474$3,985$2,733
12 years$5,701$5,044$4,453$3,924$3,453$2,274
13 years$5,209$4,558$3,978$3,465$3,011$1,902
14 years$4,787$4,143$3,575$3,076$2,640$1,598
15 years$4,422$3,785$3,227$2,743$2,324$1,347
16 years$4,103$3,473$2,926$2,456$2,054$1,139
17 years$3,821$3,198$2,663$2,207$1,821$965
18 years$3,571$2,955$2,431$1,989$1,619$820
19 years$3,348$2,739$2,225$1,797$1,443$697
20 years$3,147$2,545$2,042$1,627$1,289$594
21 years$2,966$2,371$1,878$1,477$1,154$507
22 years$2,801$2,213$1,731$1,343$1,034$433
23 years$2,651$2,070$1,598$1,223$928$370
24 years$2,514$1,939$1,478$1,115$834$316
25 years$2,387$1,820$1,369$1,019$751$271
26 years$2,271$1,710$1,270$931$676$232
27 years$2,164$1,610$1,179$853$610$199
28 years$2,064$1,517$1,096$781$550$170
29 years$1,971$1,431$1,020$716$497$146
30 years$1,885$1,351$950$657$449$125
31 years$1,804$1,277$886$604$406$107
32 years$1,729$1,209$827$555$367$92
33 years$1,658$1,145$772$510$332$79
34 years$1,592$1,085$721$469$301$68
35 years$1,530$1,029$674$432$272$58
36 years$1,471$977$631$398$247$50
37 years$1,415$928$590$367$224$43
38 years$1,363$882$553$338$203$37
39 years$1,313$838$518$312$184$32
40 years$1,266$798$485$287$167$27
41 years$1,221$759$455$265$151$23
42 years$1,179$723$427$245$137$20
43 years$1,139$689$401$226$125$17
44 years$1,100$657$376$209$113$15
45 years$1,064$626$353$193$103$13
46 years$1,029$597$332$178$93$11
47 years$995$570$312$164$85$9
48 years$964$544$293$152$77$8
49 years$933$520$275$140$70$7
50 years$904$496$259$130$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $926,000, adding $5,359 every year, while hoping to spend $20,739 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: 66/14/20 Blend
56$926,000$926,000$926,000$926,000
57$1,025,980$976,902$962,549$1,088,195
58$1,108,564$1,002,704$972,728$1,156,385
59$1,198,876$1,029,075$982,553$1,228,031
60$1,297,683$1,056,022$991,991$1,305,862
61$1,405,829$1,083,549$1,001,004$1,390,484
62$1,524,243$1,111,662$1,009,558$1,482,567
63$1,653,948$1,140,366$1,017,610$1,582,848
64$1,796,072$1,169,665$1,025,121$1,692,138
65$1,951,855$1,199,562$1,032,046$1,811,332
66$2,122,664$1,230,061$1,038,340$1,941,414
67$2,310,004$1,261,163$1,043,953$2,083,471
68$2,515,535$1,292,870$1,048,836$2,238,698
69$2,741,082$1,325,183$1,052,934$2,408,412
70$2,988,657$1,358,102$1,056,192$2,594,065
71$3,260,477$1,391,625$1,058,551$2,797,257
72$3,558,981$1,425,750$1,059,948$3,019,750
73$3,886,860$1,460,475$1,060,320$3,263,487
74$4,247,076$1,495,795$1,059,597$3,530,606
75$4,642,893$1,531,703$1,057,707$3,823,466
76$5,077,904$1,568,193$1,054,578$4,144,666
77$5,556,073$1,605,257$1,050,128$4,497,070
78$6,081,761$1,642,884$1,044,276$4,883,831
79$6,659,778$1,681,062$1,036,936$5,308,428
80$7,295,418$1,719,777$1,028,017$5,774,692
81$7,994,519$1,759,014$1,017,424$6,286,846
82$8,763,510$1,798,756$1,005,057$6,849,544
83$9,609,475$1,838,982$990,813$7,467,912
84$10,540,218$1,879,669$974,583$8,147,603
85$11,564,341$1,920,793$956,252$8,894,845
86$12,691,319$1,962,327$935,701$9,716,500
87$13,931,591$2,004,239$912,805$10,620,131
88$15,296,663$2,046,496$887,434$11,614,075
89$16,799,210$2,089,062$859,450$12,707,517
90$18,453,199$2,131,895$828,711$13,910,580
91$20,274,019$2,174,952$795,067$15,234,420
92$22,278,629$2,218,184$758,361$16,691,331
93$24,485,713$2,261,540$718,431$18,294,863
94$26,915,862$2,304,962$675,105$20,059,946
95$29,591,764$2,348,388$628,204$22,003,038
96$32,538,417$2,391,753$577,543$24,142,272
97$35,783,371$2,434,984$522,925$26,497,634
98$39,356,980$2,478,003$464,148$29,091,148
99$43,292,694$2,520,727$400,999$31,947,087
100$47,627,371$2,563,066$333,255$35,092,201