Can I retire at age 57 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$76,964$76,278$75,609$74,956$74,319$71,940
2 years$38,101$37,391$36,704$36,037$35,390$33,015
3 years$25,148$24,436$23,750$23,089$22,453$20,157
4 years$18,673$17,963$17,284$16,634$16,014$13,814
5 years$14,789$14,083$13,413$12,777$12,173$10,075
6 years$12,201$11,500$10,840$10,218$9,632$7,638
7 years$10,353$9,658$9,008$8,401$7,834$5,943
8 years$8,967$8,278$7,639$7,047$6,499$4,711
9 years$7,890$7,208$6,580$6,002$5,473$3,785
10 years$7,029$6,353$5,736$5,174$4,663$3,074
11 years$6,325$5,656$5,050$4,503$4,010$2,516
12 years$5,738$5,076$4,482$3,950$3,475$2,072
13 years$5,243$4,588$4,004$3,487$3,031$1,716
14 years$4,818$4,170$3,598$3,095$2,657$1,426
15 years$4,450$3,809$3,248$2,761$2,339$1,190
16 years$4,129$3,495$2,945$2,472$2,067$995
17 years$3,846$3,219$2,680$2,221$1,833$834
18 years$3,594$2,974$2,446$2,001$1,630$701
19 years$3,370$2,757$2,240$1,809$1,453$590
20 years$3,168$2,562$2,055$1,638$1,298$497
21 years$2,985$2,386$1,891$1,487$1,161$419
22 years$2,819$2,227$1,742$1,352$1,041$353
23 years$2,668$2,083$1,609$1,231$934$299
24 years$2,530$1,952$1,488$1,123$840$252
25 years$2,403$1,832$1,378$1,025$756$213
26 years$2,286$1,721$1,278$937$681$181
27 years$2,178$1,620$1,187$858$614$153
28 years$2,077$1,527$1,103$786$554$129
29 years$1,984$1,440$1,027$721$500$110
30 years$1,897$1,360$956$662$452$93
31 years$1,816$1,286$892$608$408$79
32 years$1,740$1,217$832$558$369$67
33 years$1,669$1,152$777$514$334$56
34 years$1,602$1,092$726$473$303$48
35 years$1,539$1,036$679$435$274$41
36 years$1,480$983$635$401$248$34
37 years$1,424$934$594$369$225$29
38 years$1,372$887$556$340$204$25
39 years$1,322$844$521$314$185$21
40 years$1,274$803$489$289$168$18
41 years$1,229$764$458$267$152$15
42 years$1,187$728$430$246$138$13
43 years$1,146$693$403$227$125$11
44 years$1,107$661$379$210$114$9
45 years$1,071$630$355$194$103$8
46 years$1,035$601$334$179$94$7
47 years$1,002$574$314$166$85$6
48 years$970$548$295$153$77$5
49 years$939$523$277$141$70$4
50 years$910$500$260$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $932,000, adding $6,394 every year, while hoping to spend $47,854 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: 57/26/17 Blend
56$932,000$932,000$932,000$932,000
57$1,033,659$984,263$969,817$1,087,618
58$1,088,176$981,576$951,390$1,122,296
59$1,146,650$977,153$930,741$1,154,314
60$1,209,434$970,859$907,747$1,188,121
61$1,276,915$962,550$882,275$1,223,898
62$1,349,519$952,074$854,190$1,261,847
63$1,427,713$939,268$823,349$1,302,191
64$1,512,010$923,963$789,601$1,345,181
65$1,602,973$905,975$752,791$1,391,093
66$1,701,222$885,113$712,755$1,440,236
67$1,807,437$861,174$669,322$1,492,951
68$1,922,365$833,941$622,314$1,549,618
69$2,046,829$803,187$571,544$1,610,658
70$2,181,732$768,670$516,817$1,676,539
71$2,328,069$730,134$457,931$1,747,781
72$2,486,931$687,310$394,671$1,824,958
73$2,659,522$639,912$326,816$1,908,710
74$2,847,162$587,637$254,133$1,999,743
75$3,051,308$530,167$176,382$2,098,841
76$3,273,559$467,163$93,309$2,206,875
77$3,515,677$398,268$4,649$2,324,807
78$3,779,600$323,107$0$2,453,702
79$4,067,461$241,281$0$2,611,062
80$4,381,607$152,369$0$2,783,835
81$4,724,623$55,927$0$2,972,679
82$5,099,353$0$0$3,179,252
83$5,508,930$0$0$3,419,267
84$5,956,801$0$0$3,699,298
85$6,446,762$0$0$4,005,726
86$6,982,994$0$0$4,341,177
87$7,570,100$0$0$4,708,541
88$8,213,148$0$0$5,110,999
89$8,917,720$0$0$5,552,057
90$9,689,964$0$0$6,035,574
91$10,536,649$0$0$6,565,802
92$11,465,234$0$0$7,147,423
93$12,483,930$0$0$7,785,595
94$13,601,784$0$0$8,485,998
95$14,828,761$0$0$9,254,889
96$16,175,836$0$0$10,099,163
97$17,655,102$0$0$11,026,410
98$19,279,876$0$0$12,044,997
99$21,064,832$0$0$13,164,137
100$23,026,134$0$0$14,393,982