Can I retire at age 57 with 927,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$76,551$75,869$75,204$74,554$73,920$73,027
2 years$37,896$37,191$36,507$35,843$35,200$34,301
3 years$25,013$24,304$23,622$22,965$22,332$21,456
4 years$18,573$17,866$17,191$16,545$15,928$15,080
5 years$14,710$14,007$13,341$12,708$12,108$11,291
6 years$12,135$11,438$10,781$10,163$9,581$8,797
7 years$10,297$9,606$8,959$8,355$7,792$7,040
8 years$8,919$8,234$7,598$7,009$6,464$5,745
9 years$7,848$7,169$6,544$5,970$5,444$4,757
10 years$6,991$6,319$5,706$5,146$4,638$3,984
11 years$6,291$5,626$5,023$4,479$3,989$3,366
12 years$5,708$5,049$4,458$3,929$3,457$2,864
13 years$5,215$4,563$3,983$3,468$3,014$2,452
14 years$4,792$4,148$3,579$3,079$2,642$2,109
15 years$4,427$3,789$3,231$2,746$2,327$1,822
16 years$4,107$3,476$2,929$2,459$2,056$1,579
17 years$3,825$3,202$2,666$2,209$1,823$1,372
18 years$3,575$2,958$2,433$1,991$1,621$1,195
19 years$3,352$2,742$2,228$1,799$1,445$1,044
20 years$3,151$2,548$2,044$1,629$1,291$913
21 years$2,969$2,373$1,880$1,479$1,155$800
22 years$2,804$2,215$1,733$1,344$1,035$701
23 years$2,654$2,072$1,600$1,224$929$616
24 years$2,516$1,941$1,480$1,117$835$542
25 years$2,390$1,822$1,371$1,020$752$477
26 years$2,273$1,712$1,271$932$677$420
27 years$2,166$1,611$1,180$854$610$370
28 years$2,066$1,518$1,097$782$551$326
29 years$1,973$1,432$1,021$717$497$288
30 years$1,887$1,353$951$658$449$254
31 years$1,806$1,279$887$604$406$224
32 years$1,731$1,210$827$555$368$198
33 years$1,660$1,146$773$511$333$175
34 years$1,594$1,086$722$470$301$155
35 years$1,531$1,030$675$433$273$137
36 years$1,472$978$631$398$247$121
37 years$1,417$929$591$367$224$107
38 years$1,364$883$553$338$203$95
39 years$1,314$839$518$312$184$84
40 years$1,267$798$486$288$167$74
41 years$1,223$760$456$266$152$66
42 years$1,180$724$427$245$137$58
43 years$1,140$690$401$226$125$51
44 years$1,101$657$376$209$113$45
45 years$1,065$627$353$193$103$40
46 years$1,030$598$332$178$93$36
47 years$997$571$312$165$85$32
48 years$965$545$293$152$77$28
49 years$934$520$276$141$70$25
50 years$905$497$259$130$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $927,000, adding $6,395 every year, while hoping to spend $35,357 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: 42/45/13 Blend
56$927,000$927,000$927,000$927,000
57$1,028,150$979,019$964,651$1,067,164
58$1,095,402$989,372$959,347$1,105,527
59$1,168,329$999,046$952,681$1,143,034
60$1,247,471$1,007,973$944,569$1,182,872
61$1,333,426$1,016,076$934,924$1,225,272
62$1,426,847$1,023,275$923,655$1,270,485
63$1,528,455$1,029,486$910,668$1,318,794
64$1,639,044$1,034,617$895,862$1,370,507
65$1,759,485$1,038,572$879,132$1,425,970
66$1,890,739$1,041,249$860,370$1,485,565
67$2,033,863$1,042,538$839,460$1,549,712
68$2,190,018$1,042,323$816,283$1,618,880
69$2,360,485$1,040,483$790,714$1,693,587
70$2,546,673$1,036,885$762,621$1,774,405
71$2,750,133$1,031,391$731,869$1,861,969
72$2,972,573$1,023,855$698,312$1,956,979
73$3,215,871$1,014,121$661,802$2,060,214
74$3,482,100$1,002,022$622,182$2,172,532
75$3,773,537$987,384$579,288$2,294,882
76$4,092,693$970,022$532,950$2,428,318
77$4,442,332$949,737$482,988$2,574,000
78$4,825,499$926,323$429,216$2,733,216
79$5,245,544$899,557$371,440$2,907,385
80$5,706,162$869,207$309,455$3,098,080
81$6,211,418$835,026$243,049$3,307,037
82$6,765,791$796,751$172,000$3,536,178
83$7,374,217$754,107$96,077$3,787,623
84$8,042,128$706,799$15,037$4,063,718
85$8,775,512$654,520$0$4,367,053
86$9,580,964$596,941$0$4,710,402
87$10,465,748$533,717$0$5,089,887
88$11,437,867$464,481$0$5,506,950
89$12,506,138$388,849$0$5,965,490
90$13,680,272$306,411$0$6,469,810
91$14,970,972$216,737$0$7,024,659
92$16,390,025$119,371$0$7,635,277
93$17,950,419$13,832$0$8,307,449
94$19,666,466$0$0$9,047,559
95$21,553,930$0$0$9,912,359
96$23,630,182$0$0$10,871,326
97$25,914,361$0$0$11,926,467
98$28,427,554$0$0$13,087,540
99$31,192,995$0$0$14,365,296
100$34,236,285$0$0$15,771,582