Can I retire at age 57 with 930,000?

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 $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%19.9%
1 years$76,799$76,114$75,447$74,796$74,160$71,217
2 years$38,019$37,311$36,625$35,959$35,314$32,386
3 years$25,094$24,383$23,699$23,040$22,405$19,583
4 years$18,633$17,924$17,247$16,599$15,979$13,286
5 years$14,757$14,053$13,384$12,749$12,147$9,589
6 years$12,175$11,475$10,816$10,196$9,612$7,190
7 years$10,330$9,637$8,988$8,383$7,817$5,531
8 years$8,948$8,261$7,623$7,032$6,485$4,332
9 years$7,873$7,192$6,566$5,990$5,461$3,439
10 years$7,014$6,340$5,724$5,163$4,653$2,757
11 years$6,311$5,644$5,039$4,493$4,002$2,228
12 years$5,726$5,066$4,472$3,941$3,468$1,811
13 years$5,231$4,578$3,996$3,480$3,024$1,479
14 years$4,808$4,161$3,590$3,089$2,651$1,212
15 years$4,441$3,801$3,241$2,755$2,334$997
16 years$4,120$3,488$2,939$2,467$2,063$822
17 years$3,838$3,212$2,674$2,216$1,829$679
18 years$3,587$2,968$2,441$1,997$1,626$562
19 years$3,362$2,751$2,235$1,805$1,450$465
20 years$3,161$2,556$2,051$1,634$1,295$386
21 years$2,979$2,381$1,887$1,483$1,159$321
22 years$2,813$2,222$1,739$1,349$1,039$266
23 years$2,662$2,079$1,605$1,228$932$221
24 years$2,524$1,948$1,485$1,120$838$184
25 years$2,398$1,828$1,375$1,023$754$153
26 years$2,281$1,718$1,275$935$679$128
27 years$2,173$1,617$1,184$856$612$106
28 years$2,073$1,523$1,101$785$553$89
29 years$1,980$1,437$1,025$719$499$74
30 years$1,893$1,357$954$660$451$61
31 years$1,812$1,283$890$606$408$51
32 years$1,736$1,214$830$557$369$43
33 years$1,665$1,150$775$512$334$36
34 years$1,599$1,090$724$472$302$30
35 years$1,536$1,033$677$434$274$25
36 years$1,477$981$633$400$248$21
37 years$1,421$932$593$368$225$17
38 years$1,369$885$555$339$204$14
39 years$1,319$842$520$313$185$12
40 years$1,271$801$488$289$168$10
41 years$1,227$762$457$266$152$8
42 years$1,184$726$429$246$138$7
43 years$1,144$692$402$227$125$6
44 years$1,105$659$378$210$114$5
45 years$1,068$629$355$194$103$4
46 years$1,033$600$333$179$94$3
47 years$1,000$573$313$165$85$3
48 years$968$547$294$153$77$2
49 years$937$522$276$141$70$2
50 years$908$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $930,000, adding $5,760 every year, while hoping to spend $34,475 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: 65/12/23 Blend
56$930,000$930,000$930,000$930,000
57$1,030,801$981,511$967,096$1,091,325
58$1,099,262$992,924$962,813$1,144,186
59$1,173,550$1,003,741$957,231$1,197,526
60$1,254,224$1,013,896$950,269$1,255,031
61$1,341,897$1,023,319$941,846$1,317,114
62$1,437,244$1,031,936$931,872$1,384,226
63$1,541,009$1,039,667$920,255$1,456,869
64$1,654,009$1,046,427$906,900$1,535,595
65$1,777,143$1,052,127$891,707$1,621,013
66$1,911,401$1,056,670$874,568$1,713,795
67$2,057,872$1,059,956$855,375$1,814,681
68$2,217,756$1,061,874$834,011$1,924,492
69$2,392,372$1,062,312$810,355$2,044,127
70$2,583,175$1,061,145$784,282$2,174,584
71$2,791,762$1,058,245$755,660$2,316,961
72$3,019,896$1,053,473$724,349$2,472,468
73$3,269,517$1,046,684$690,205$2,642,443
74$3,542,758$1,037,723$653,078$2,828,359
75$3,841,973$1,026,424$612,809$3,031,844
76$4,169,749$1,012,615$569,234$3,254,690
77$4,528,940$996,109$522,179$3,498,877
78$4,922,685$976,711$471,465$3,766,586
79$5,354,444$954,215$416,904$4,060,225
80$5,828,025$928,400$358,299$4,382,448
81$6,347,627$899,034$295,445$4,736,184
82$6,917,869$865,871$228,127$5,124,661
83$7,543,844$828,651$156,121$5,551,439
84$8,231,159$787,099$79,194$6,020,447
85$8,985,993$740,922$0$6,536,015
86$9,815,150$689,813$0$7,103,630
87$10,726,128$633,446$0$7,748,633
88$11,727,185$571,477$0$8,457,442
89$12,827,420$503,542$0$9,236,526
90$14,036,857$429,256$0$10,093,018
91$15,366,540$348,213$0$11,034,776
92$16,828,635$259,983$0$12,070,460
93$18,436,547$164,113$0$13,209,616
94$20,205,044$60,124$0$14,462,761
95$22,150,399$0$0$15,841,486
96$24,290,541$0$0$17,365,498
97$26,645,222$0$0$19,051,090
98$29,236,208$0$0$20,905,915
99$32,087,479$0$0$22,947,147
100$35,225,458$0$0$25,193,713