Can I retire at age 57 with 927,000?

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 $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%14.2%
1 years$76,551$75,869$75,204$74,554$73,920$72,636
2 years$37,896$37,191$36,507$35,843$35,200$33,910
3 years$25,013$24,304$23,622$22,965$22,332$21,077
4 years$18,573$17,866$17,191$16,545$15,928$14,717
5 years$14,710$14,007$13,341$12,708$12,108$10,945
6 years$12,135$11,438$10,781$10,163$9,581$8,467
7 years$10,297$9,606$8,959$8,355$7,792$6,727
8 years$8,919$8,234$7,598$7,009$6,464$5,449
9 years$7,848$7,169$6,544$5,970$5,444$4,477
10 years$6,991$6,319$5,706$5,146$4,638$3,720
11 years$6,291$5,626$5,023$4,479$3,989$3,118
12 years$5,708$5,049$4,458$3,929$3,457$2,631
13 years$5,215$4,563$3,983$3,468$3,014$2,233
14 years$4,792$4,148$3,579$3,079$2,642$1,904
15 years$4,427$3,789$3,231$2,746$2,327$1,630
16 years$4,107$3,476$2,929$2,459$2,056$1,400
17 years$3,825$3,202$2,666$2,209$1,823$1,205
18 years$3,575$2,958$2,433$1,991$1,621$1,040
19 years$3,352$2,742$2,228$1,799$1,445$900
20 years$3,151$2,548$2,044$1,629$1,291$779
21 years$2,969$2,373$1,880$1,479$1,155$676
22 years$2,804$2,215$1,733$1,344$1,035$587
23 years$2,654$2,072$1,600$1,224$929$511
24 years$2,516$1,941$1,480$1,117$835$444
25 years$2,390$1,822$1,371$1,020$752$387
26 years$2,273$1,712$1,271$932$677$337
27 years$2,166$1,611$1,180$854$610$294
28 years$2,066$1,518$1,097$782$551$257
29 years$1,973$1,432$1,021$717$497$224
30 years$1,887$1,353$951$658$449$196
31 years$1,806$1,279$887$604$406$171
32 years$1,731$1,210$827$555$368$149
33 years$1,660$1,146$773$511$333$131
34 years$1,594$1,086$722$470$301$114
35 years$1,531$1,030$675$433$273$100
36 years$1,472$978$631$398$247$87
37 years$1,417$929$591$367$224$76
38 years$1,364$883$553$338$203$67
39 years$1,314$839$518$312$184$58
40 years$1,267$798$486$288$167$51
41 years$1,223$760$456$266$152$45
42 years$1,180$724$427$245$137$39
43 years$1,140$690$401$226$125$34
44 years$1,101$657$376$209$113$30
45 years$1,065$627$353$193$103$26
46 years$1,030$598$332$178$93$23
47 years$997$571$312$165$85$20
48 years$965$545$293$152$77$18
49 years$934$520$276$141$70$15
50 years$905$497$259$130$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $927,000, adding $2,833 every year, while hoping to spend $29,874 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: 52/22/26 Blend
56$927,000$927,000$927,000$927,000
57$1,024,476$975,345$960,977$1,070,168
58$1,097,187$991,351$961,384$1,118,155
59$1,176,313$1,007,141$960,803$1,167,058
60$1,262,477$1,022,671$959,170$1,219,654
61$1,356,365$1,037,897$956,417$1,276,306
62$1,458,730$1,052,770$952,474$1,337,418
63$1,570,403$1,067,238$947,264$1,403,433
64$1,692,298$1,081,246$940,711$1,474,840
65$1,825,420$1,094,734$932,732$1,552,180
66$1,970,876$1,107,640$923,242$1,636,051
67$2,129,885$1,119,894$912,150$1,727,110
68$2,303,790$1,131,425$899,364$1,826,086
69$2,494,068$1,142,156$884,784$1,933,780
70$2,702,345$1,152,005$868,307$2,051,079
71$2,930,415$1,160,883$849,825$2,178,960
72$3,180,249$1,168,698$829,226$2,318,502
73$3,454,020$1,175,350$806,391$2,470,896
74$3,754,122$1,180,734$781,197$2,637,454
75$4,083,190$1,184,737$753,514$2,819,627
76$4,444,126$1,187,240$723,208$3,019,015
77$4,840,128$1,188,116$690,136$3,237,383
78$5,274,717$1,187,230$654,152$3,476,676
79$5,751,772$1,184,438$615,100$3,739,046
80$6,275,567$1,179,590$572,820$4,026,860
81$6,850,807$1,172,523$527,142$4,342,735
82$7,482,679$1,163,066$477,891$4,689,554
83$8,176,895$1,151,038$424,882$5,070,500
84$8,939,746$1,136,247$367,924$5,489,083
85$9,778,165$1,118,488$306,815$5,949,175
86$10,699,790$1,097,546$241,345$6,455,045
87$11,713,035$1,073,192$171,296$7,011,405
88$12,827,169$1,045,183$96,439$7,623,448
89$14,052,407$1,013,264$16,536$8,296,905
90$15,400,000$977,161$0$9,038,094
91$16,882,346$936,588$0$9,873,052
92$18,513,105$891,241$0$10,796,531
93$20,307,327$840,797$0$11,812,487
94$22,281,596$784,918$0$12,930,344
95$24,454,182$723,242$0$14,160,489
96$26,845,218$655,390$0$15,514,371
97$29,476,885$580,959$0$17,004,606
98$32,373,626$499,525$0$18,645,103
99$35,562,374$410,639$0$20,451,190
100$39,072,802$313,827$0$22,439,763