Can I retire at age 57 with 931,000?

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 $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%15.5%
1 years$76,881$76,196$75,528$74,876$74,239$72,562
2 years$38,060$37,351$36,664$35,998$35,352$33,672
3 years$25,121$24,409$23,724$23,064$22,429$20,797
4 years$18,653$17,943$17,265$16,617$15,996$14,426
5 years$14,773$14,068$13,398$12,763$12,160$10,656
6 years$12,188$11,487$10,828$10,207$9,622$8,185
7 years$10,341$9,647$8,998$8,392$7,825$6,456
8 years$8,957$8,269$7,631$7,039$6,492$5,190
9 years$7,882$7,200$6,573$5,996$5,467$4,232
10 years$7,021$6,346$5,730$5,169$4,658$3,488
11 years$6,318$5,650$5,045$4,498$4,006$2,899
12 years$5,732$5,071$4,477$3,946$3,472$2,426
13 years$5,237$4,583$4,000$3,483$3,027$2,041
14 years$4,813$4,166$3,594$3,092$2,654$1,725
15 years$4,446$3,805$3,245$2,758$2,337$1,464
16 years$4,125$3,491$2,942$2,469$2,065$1,246
17 years$3,842$3,215$2,677$2,219$1,831$1,063
18 years$3,591$2,971$2,444$1,999$1,628$908
19 years$3,366$2,754$2,237$1,807$1,451$778
20 years$3,164$2,559$2,053$1,636$1,296$667
21 years$2,982$2,383$1,889$1,485$1,160$573
22 years$2,816$2,225$1,741$1,350$1,040$493
23 years$2,665$2,081$1,607$1,230$933$424
24 years$2,527$1,950$1,486$1,121$839$366
25 years$2,400$1,830$1,377$1,024$755$315
26 years$2,283$1,720$1,277$936$680$272
27 years$2,175$1,618$1,186$857$613$235
28 years$2,075$1,525$1,102$785$553$203
29 years$1,982$1,439$1,026$720$499$175
30 years$1,895$1,359$955$661$451$151
31 years$1,814$1,284$891$607$408$131
32 years$1,738$1,215$831$558$369$113
33 years$1,667$1,151$776$513$334$98
34 years$1,601$1,091$725$472$302$84
35 years$1,538$1,035$678$435$274$73
36 years$1,479$982$634$400$248$63
37 years$1,423$933$593$369$225$55
38 years$1,370$886$556$340$204$47
39 years$1,320$843$521$313$185$41
40 years$1,273$802$488$289$168$35
41 years$1,228$763$458$267$152$31
42 years$1,185$727$429$246$138$27
43 years$1,145$693$403$227$125$23
44 years$1,106$660$378$210$114$20
45 years$1,069$630$355$194$103$17
46 years$1,034$601$333$179$94$15
47 years$1,001$573$313$165$85$13
48 years$969$547$294$153$77$11
49 years$938$522$277$141$70$10
50 years$909$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 $931,000, adding $2,552 every year, while hoping to spend $41,737 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: 43/33/24 Blend
56$931,000$931,000$931,000$931,000
57$1,028,594$979,251$964,821$1,065,532
58$1,089,103$982,827$952,735$1,095,647
59$1,154,385$985,179$938,844$1,124,045
60$1,224,883$986,203$923,046$1,153,985
61$1,301,083$985,789$905,230$1,185,632
62$1,383,520$983,819$885,282$1,219,171
63$1,472,782$980,170$863,082$1,254,807
64$1,569,516$974,708$838,505$1,292,769
65$1,674,431$967,293$811,420$1,333,314
66$1,788,310$957,777$781,689$1,376,726
67$1,912,011$946,002$749,170$1,423,323
68$2,046,481$931,801$713,712$1,473,458
69$2,192,759$914,996$675,158$1,527,523
70$2,351,991$895,401$633,346$1,585,956
71$2,525,434$872,816$588,103$1,649,242
72$2,714,475$847,030$539,251$1,717,920
73$2,920,638$817,822$486,603$1,792,589
74$3,145,603$784,955$429,964$1,873,917
75$3,391,216$748,180$369,130$1,962,640
76$3,659,513$707,233$303,888$2,059,579
77$3,952,730$661,835$234,016$2,165,643
78$4,273,335$611,690$159,281$2,281,840
79$4,624,040$556,488$79,442$2,409,289
80$5,007,833$495,897$0$2,549,230
81$5,428,007$429,571$0$2,704,510
82$5,888,183$357,139$0$2,896,981
83$6,392,352$278,214$0$3,108,035
84$6,944,909$192,383$0$3,339,612
85$7,550,694$99,215$0$3,593,853
86$8,215,038$0$0$3,873,126
87$8,943,811$0$0$4,180,680
88$9,743,480$0$0$4,557,802
89$10,621,168$0$0$4,971,838
90$11,584,723$0$0$5,426,502
91$12,642,785$0$0$5,925,890
92$13,804,878$0$0$6,474,511
93$15,081,488$0$0$7,077,334
94$16,484,171$0$0$7,739,830
95$18,025,656$0$0$8,468,030
96$19,719,965$0$0$9,268,576
97$21,582,547$0$0$10,148,788
98$23,630,424$0$0$11,116,728
99$25,882,348$0$0$12,181,280
100$28,358,980$0$0$13,352,232