Can I retire at age 57 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$76,881$76,196$75,528$74,876$74,239$72,651
2 years$38,060$37,351$36,664$35,998$35,352$33,760
3 years$25,121$24,409$23,724$23,064$22,429$20,882
4 years$18,653$17,943$17,265$16,617$15,996$14,507
5 years$14,773$14,068$13,398$12,763$12,160$10,733
6 years$12,188$11,487$10,828$10,207$9,622$8,258
7 years$10,341$9,647$8,998$8,392$7,825$6,524
8 years$8,957$8,269$7,631$7,039$6,492$5,254
9 years$7,882$7,200$6,573$5,996$5,467$4,291
10 years$7,021$6,346$5,730$5,169$4,658$3,543
11 years$6,318$5,650$5,045$4,498$4,006$2,951
12 years$5,732$5,071$4,477$3,946$3,472$2,474
13 years$5,237$4,583$4,000$3,483$3,027$2,086
14 years$4,813$4,166$3,594$3,092$2,654$1,767
15 years$4,446$3,805$3,245$2,758$2,337$1,502
16 years$4,125$3,491$2,942$2,469$2,065$1,281
17 years$3,842$3,215$2,677$2,219$1,831$1,095
18 years$3,591$2,971$2,444$1,999$1,628$938
19 years$3,366$2,754$2,237$1,807$1,451$806
20 years$3,164$2,559$2,053$1,636$1,296$693
21 years$2,982$2,383$1,889$1,485$1,160$596
22 years$2,816$2,225$1,741$1,350$1,040$514
23 years$2,665$2,081$1,607$1,230$933$443
24 years$2,527$1,950$1,486$1,121$839$383
25 years$2,400$1,830$1,377$1,024$755$331
26 years$2,283$1,720$1,277$936$680$286
27 years$2,175$1,618$1,186$857$613$247
28 years$2,075$1,525$1,102$785$553$214
29 years$1,982$1,439$1,026$720$499$185
30 years$1,895$1,359$955$661$451$161
31 years$1,814$1,284$891$607$408$139
32 years$1,738$1,215$831$558$369$121
33 years$1,667$1,151$776$513$334$105
34 years$1,601$1,091$725$472$302$91
35 years$1,538$1,035$678$435$274$79
36 years$1,479$982$634$400$248$68
37 years$1,423$933$593$369$225$59
38 years$1,370$886$556$340$204$51
39 years$1,320$843$521$313$185$44
40 years$1,273$802$488$289$168$39
41 years$1,228$763$458$267$152$33
42 years$1,185$727$429$246$138$29
43 years$1,145$693$403$227$125$25
44 years$1,106$660$378$210$114$22
45 years$1,069$630$355$194$103$19
46 years$1,034$601$333$179$94$16
47 years$1,001$573$313$165$85$14
48 years$969$547$294$153$77$12
49 years$938$522$277$141$70$11
50 years$909$499$260$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $931,000, adding $6,365 every year, while hoping to spend $58,814 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: 75/19/6 Blend
56$931,000$931,000$931,000$931,000
57$1,032,527$983,184$968,754$1,108,838
58$1,075,268$968,783$938,630$1,145,497
59$1,120,396$951,704$905,525$1,177,512
60$1,168,094$931,756$869,278$1,210,889
61$1,218,561$908,732$829,719$1,245,742
62$1,272,011$882,417$786,672$1,282,195
63$1,328,682$852,581$739,951$1,320,385
64$1,388,831$818,982$689,363$1,360,467
65$1,452,741$781,361$634,706$1,402,610
66$1,520,721$739,448$575,769$1,447,002
67$1,593,108$692,955$512,331$1,493,852
68$1,670,273$641,578$444,162$1,543,390
69$1,752,621$584,995$371,022$1,595,874
70$1,840,596$522,868$292,659$1,651,587
71$1,934,685$454,836$208,810$1,710,843
72$2,035,420$380,520$119,203$1,773,992
73$2,143,387$299,520$23,551$1,841,418
74$2,259,229$211,412$0$1,913,551
75$2,383,648$115,749$0$1,995,891
76$2,517,418$12,059$0$2,085,872
77$2,661,388$0$0$2,182,587
78$2,816,490$0$0$2,307,640
79$2,983,746$0$0$2,445,242
80$3,164,282$0$0$2,593,799
81$3,359,333$0$0$2,754,332
82$3,570,256$0$0$2,927,962
83$3,798,544$0$0$3,115,922
84$4,045,837$0$0$3,319,567
85$4,313,939$0$0$3,540,387
86$4,604,833$0$0$3,780,021
87$4,920,701$0$0$4,040,271
88$5,263,942$0$0$4,323,119
89$5,637,196$0$0$4,630,746
90$6,043,366$0$0$4,965,551
91$6,485,647$0$0$5,330,174
92$6,967,555$0$0$5,727,519
93$7,492,960$0$0$6,160,784
94$8,066,120$0$0$6,633,488
95$8,691,721$0$0$7,149,503
96$9,374,924$0$0$7,713,093
97$10,121,408$0$0$8,328,951
98$10,937,426$0$0$9,002,243
99$11,829,862$0$0$9,738,659
100$12,806,296$0$0$10,544,462