Can I retire at age 57 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$76,799$76,114$75,447$74,796$74,160$72,426
2 years$38,019$37,311$36,625$35,959$35,314$33,577
3 years$25,094$24,383$23,699$23,040$22,405$20,719
4 years$18,633$17,924$17,247$16,599$15,979$14,357
5 years$14,757$14,053$13,384$12,749$12,147$10,594
6 years$12,175$11,475$10,816$10,196$9,612$8,129
7 years$10,330$9,637$8,988$8,383$7,817$6,404
8 years$8,948$8,261$7,623$7,032$6,485$5,142
9 years$7,873$7,192$6,566$5,990$5,461$4,188
10 years$7,014$6,340$5,724$5,163$4,653$3,447
11 years$6,311$5,644$5,039$4,493$4,002$2,862
12 years$5,726$5,066$4,472$3,941$3,468$2,392
13 years$5,231$4,578$3,996$3,480$3,024$2,010
14 years$4,808$4,161$3,590$3,089$2,651$1,696
15 years$4,441$3,801$3,241$2,755$2,334$1,437
16 years$4,120$3,488$2,939$2,467$2,063$1,221
17 years$3,838$3,212$2,674$2,216$1,829$1,040
18 years$3,587$2,968$2,441$1,997$1,626$888
19 years$3,362$2,751$2,235$1,805$1,450$760
20 years$3,161$2,556$2,051$1,634$1,295$651
21 years$2,979$2,381$1,887$1,483$1,159$558
22 years$2,813$2,222$1,739$1,349$1,039$479
23 years$2,662$2,079$1,605$1,228$932$412
24 years$2,524$1,948$1,485$1,120$838$354
25 years$2,398$1,828$1,375$1,023$754$305
26 years$2,281$1,718$1,275$935$679$262
27 years$2,173$1,617$1,184$856$612$226
28 years$2,073$1,523$1,101$785$553$195
29 years$1,980$1,437$1,025$719$499$168
30 years$1,893$1,357$954$660$451$145
31 years$1,812$1,283$890$606$408$125
32 years$1,736$1,214$830$557$369$108
33 years$1,665$1,150$775$512$334$93
34 years$1,599$1,090$724$472$302$80
35 years$1,536$1,033$677$434$274$69
36 years$1,477$981$633$400$248$60
37 years$1,421$932$593$368$225$52
38 years$1,369$885$555$339$204$45
39 years$1,319$842$520$313$185$39
40 years$1,271$801$488$289$168$33
41 years$1,227$762$457$266$152$29
42 years$1,184$726$429$246$138$25
43 years$1,144$692$402$227$125$22
44 years$1,105$659$378$210$114$19
45 years$1,068$629$355$194$103$16
46 years$1,033$600$333$179$94$14
47 years$1,000$573$313$165$85$12
48 years$968$547$294$153$77$10
49 years$937$522$276$141$70$9
50 years$908$499$260$130$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $930,000, adding $5,653 every year, while hoping to spend $35,984 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: 47/33/20 Blend
56$930,000$930,000$930,000$930,000
57$1,030,691$981,401$966,986$1,073,031
58$1,097,535$991,203$961,093$1,112,951
59$1,169,991$1,000,279$953,797$1,152,198
60$1,248,593$1,008,556$945,013$1,194,047
61$1,333,930$1,015,955$934,651$1,238,757
62$1,426,647$1,022,394$922,618$1,286,614
63$1,527,456$1,027,782$908,817$1,337,936
64$1,637,139$1,032,026$893,145$1,393,075
65$1,756,557$1,035,026$875,495$1,452,419
66$1,886,658$1,036,673$855,756$1,516,400
67$2,028,483$1,036,856$833,810$1,585,493
68$2,183,180$1,035,454$809,534$1,660,227
69$2,352,011$1,032,338$782,800$1,741,183
70$2,536,367$1,027,373$753,475$1,829,008
71$2,737,777$1,020,416$721,417$1,924,416
72$2,957,926$1,011,312$686,481$2,028,195
73$3,198,669$999,900$648,512$2,141,219
74$3,462,047$986,009$607,351$2,264,452
75$3,750,309$969,457$562,830$2,398,962
76$4,065,930$950,050$514,774$2,545,928
77$4,411,636$927,584$463,001$2,706,654
78$4,790,431$901,843$407,319$2,882,581
79$5,205,620$872,599$347,530$3,075,301
80$5,660,846$839,608$283,424$3,286,573
81$6,160,118$802,615$214,785$3,518,341
82$6,707,855$761,348$141,385$3,772,753
83$7,308,922$715,520$62,987$4,052,181
84$7,968,679$664,828$0$4,359,244
85$8,693,031$608,950$0$4,701,249
86$9,488,479$547,548$0$5,091,609
87$10,362,190$480,264$0$5,520,457
88$11,322,054$406,718$0$5,991,746
89$12,376,767$326,510$0$6,509,843
90$13,535,906$239,218$0$7,079,561
91$14,810,024$144,395$0$7,706,211
92$16,210,745$41,569$0$8,395,649
93$17,750,878$0$0$9,154,337
94$19,444,534$0$0$10,014,733
95$21,307,259$0$0$10,977,737
96$23,356,183$0$0$12,037,125
97$25,610,178$0$0$13,202,670
98$28,090,037$0$0$14,485,140
99$30,818,673$0$0$15,896,399
100$33,821,328$0$0$17,449,521