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%18.3%
1 years$76,964$76,278$75,609$74,956$74,319$71,825
2 years$38,101$37,391$36,704$36,037$35,390$32,902
3 years$25,148$24,436$23,750$23,089$22,453$20,049
4 years$18,673$17,963$17,284$16,634$16,014$13,712
5 years$14,789$14,083$13,413$12,777$12,173$9,980
6 years$12,201$11,500$10,840$10,218$9,632$7,550
7 years$10,353$9,658$9,008$8,401$7,834$5,861
8 years$8,967$8,278$7,639$7,047$6,499$4,635
9 years$7,890$7,208$6,580$6,002$5,473$3,715
10 years$7,029$6,353$5,736$5,174$4,663$3,009
11 years$6,325$5,656$5,050$4,503$4,010$2,456
12 years$5,738$5,076$4,482$3,950$3,475$2,018
13 years$5,243$4,588$4,004$3,487$3,031$1,666
14 years$4,818$4,170$3,598$3,095$2,657$1,381
15 years$4,450$3,809$3,248$2,761$2,339$1,149
16 years$4,129$3,495$2,945$2,472$2,067$958
17 years$3,846$3,219$2,680$2,221$1,833$801
18 years$3,594$2,974$2,446$2,001$1,630$671
19 years$3,370$2,757$2,240$1,809$1,453$563
20 years$3,168$2,562$2,055$1,638$1,298$472
21 years$2,985$2,386$1,891$1,487$1,161$397
22 years$2,819$2,227$1,742$1,352$1,041$334
23 years$2,668$2,083$1,609$1,231$934$281
24 years$2,530$1,952$1,488$1,123$840$237
25 years$2,403$1,832$1,378$1,025$756$200
26 years$2,286$1,721$1,278$937$681$169
27 years$2,178$1,620$1,187$858$614$142
28 years$2,077$1,527$1,103$786$554$120
29 years$1,984$1,440$1,027$721$500$101
30 years$1,897$1,360$956$662$452$86
31 years$1,816$1,286$892$608$408$72
32 years$1,740$1,217$832$558$369$61
33 years$1,669$1,152$777$514$334$52
34 years$1,602$1,092$726$473$303$44
35 years$1,539$1,036$679$435$274$37
36 years$1,480$983$635$401$248$31
37 years$1,424$934$594$369$225$26
38 years$1,372$887$556$340$204$22
39 years$1,322$844$521$314$185$19
40 years$1,274$803$489$289$168$16
41 years$1,229$764$458$267$152$13
42 years$1,187$728$430$246$138$11
43 years$1,146$693$403$227$125$10
44 years$1,107$661$379$210$114$8
45 years$1,071$630$355$194$103$7
46 years$1,035$601$334$179$94$6
47 years$1,002$574$314$166$85$5
48 years$970$548$295$153$77$4
49 years$939$523$277$141$70$3
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 $3,194 every year, while hoping to spend $52,457 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: 61/30/9 Blend
56$932,000$932,000$932,000$932,000
57$1,030,359$980,963$966,517$1,090,974
58$1,079,641$973,216$943,081$1,124,210
59$1,132,193$963,332$917,102$1,154,149
60$1,188,291$951,149$888,440$1,185,505
61$1,248,240$936,499$856,946$1,218,414
62$1,312,375$919,202$822,468$1,253,031
63$1,381,062$899,067$784,845$1,289,526
64$1,454,701$875,892$743,908$1,328,091
65$1,533,733$849,464$699,482$1,368,938
66$1,618,643$819,557$651,384$1,412,305
67$1,709,960$785,930$599,421$1,458,455
68$1,808,267$748,332$543,392$1,507,681
69$1,914,204$706,495$483,090$1,560,310
70$2,028,474$660,134$418,294$1,616,706
71$2,151,849$608,950$348,777$1,677,271
72$2,285,176$552,628$274,300$1,742,454
73$2,429,389$490,831$194,614$1,812,755
74$2,585,512$423,208$109,459$1,888,726
75$2,754,672$349,382$18,564$1,970,982
76$2,938,107$268,961$0$2,060,205
77$3,137,180$181,526$0$2,164,685
78$3,353,389$86,638$0$2,280,123
79$3,588,383$0$0$2,405,694
80$3,843,974$0$0$2,547,801
81$4,122,156$0$0$2,733,661
82$4,425,125$0$0$2,936,147
83$4,755,296$0$0$3,156,881
84$5,115,328$0$0$3,397,650
85$5,508,144$0$0$3,660,418
86$5,936,966$0$0$3,947,350
87$6,405,338$0$0$4,260,825
88$6,917,162$0$0$4,603,467
89$7,476,734$0$0$4,978,161
90$8,088,784$0$0$5,388,087
91$8,758,521$0$0$5,836,742
92$9,491,678$0$0$6,327,981
93$10,294,570$0$0$6,866,047
94$11,174,151$0$0$7,455,613
95$12,138,080$0$0$8,101,825
96$13,194,792$0$0$8,810,352
97$14,353,574$0$0$9,587,436
98$15,624,659$0$0$10,439,953
99$17,019,316$0$0$11,375,477
100$18,549,957$0$0$12,402,350