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%
1 years$76,964$76,278$75,609$74,956$74,319$72,200
2 years$38,101$37,391$36,704$36,037$35,390$33,272
3 years$25,148$24,436$23,750$23,089$22,453$20,402
4 years$18,673$17,963$17,284$16,634$16,014$14,045
5 years$14,789$14,083$13,413$12,777$12,173$10,293
6 years$12,201$11,500$10,840$10,218$9,632$7,842
7 years$10,353$9,658$9,008$8,401$7,834$6,133
8 years$8,967$8,278$7,639$7,047$6,499$4,887
9 years$7,890$7,208$6,580$6,002$5,473$3,949
10 years$7,029$6,353$5,736$5,174$4,663$3,224
11 years$6,325$5,656$5,050$4,503$4,010$2,654
12 years$5,738$5,076$4,482$3,950$3,475$2,200
13 years$5,243$4,588$4,004$3,487$3,031$1,832
14 years$4,818$4,170$3,598$3,095$2,657$1,533
15 years$4,450$3,809$3,248$2,761$2,339$1,287
16 years$4,129$3,495$2,945$2,472$2,067$1,083
17 years$3,846$3,219$2,680$2,221$1,833$914
18 years$3,594$2,974$2,446$2,001$1,630$773
19 years$3,370$2,757$2,240$1,809$1,453$655
20 years$3,168$2,562$2,055$1,638$1,298$555
21 years$2,985$2,386$1,891$1,487$1,161$471
22 years$2,819$2,227$1,742$1,352$1,041$401
23 years$2,668$2,083$1,609$1,231$934$341
24 years$2,530$1,952$1,488$1,123$840$290
25 years$2,403$1,832$1,378$1,025$756$247
26 years$2,286$1,721$1,278$937$681$211
27 years$2,178$1,620$1,187$858$614$180
28 years$2,077$1,527$1,103$786$554$153
29 years$1,984$1,440$1,027$721$500$131
30 years$1,897$1,360$956$662$452$112
31 years$1,816$1,286$892$608$408$95
32 years$1,740$1,217$832$558$369$81
33 years$1,669$1,152$777$514$334$69
34 years$1,602$1,092$726$473$303$59
35 years$1,539$1,036$679$435$274$51
36 years$1,480$983$635$401$248$43
37 years$1,424$934$594$369$225$37
38 years$1,372$887$556$340$204$32
39 years$1,322$844$521$314$185$27
40 years$1,274$803$489$289$168$23
41 years$1,229$764$458$267$152$20
42 years$1,187$728$430$246$138$17
43 years$1,146$693$403$227$125$14
44 years$1,107$661$379$210$114$12
45 years$1,071$630$355$194$103$10
46 years$1,035$601$334$179$94$9
47 years$1,002$574$314$166$85$8
48 years$970$548$295$153$77$7
49 years$939$523$277$141$70$6
50 years$910$500$260$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $932,000, adding $6,137 every year, while hoping to spend $24,684 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: 63/8/29 Blend
56$932,000$932,000$932,000$932,000
57$1,033,394$983,998$969,552$1,090,118
58$1,112,537$1,005,951$975,769$1,151,308
59$1,198,925$1,028,151$981,366$1,214,888
60$1,293,271$1,050,587$986,298$1,283,816
61$1,396,360$1,073,241$990,514$1,358,621
62$1,509,056$1,096,097$993,964$1,439,884
63$1,632,311$1,119,137$996,593$1,528,249
64$1,767,172$1,142,339$998,343$1,624,424
65$1,914,792$1,165,682$999,156$1,729,191
66$2,076,441$1,189,141$998,968$1,843,410
67$2,253,518$1,212,689$997,714$1,968,031
68$2,447,563$1,236,298$995,324$2,104,099
69$2,660,273$1,259,935$991,726$2,252,768
70$2,893,516$1,283,566$986,843$2,415,309
71$3,149,349$1,307,156$980,597$2,593,125
72$3,430,039$1,330,662$972,903$2,787,760
73$3,738,082$1,354,044$963,675$3,000,917
74$4,076,228$1,377,254$952,820$3,234,476
75$4,447,506$1,400,243$940,242$3,490,505
76$4,855,253$1,422,956$925,842$3,771,286
77$5,303,144$1,445,336$909,513$4,079,336
78$5,795,229$1,467,322$891,146$4,417,427
79$6,335,969$1,488,846$870,625$4,788,617
80$6,930,276$1,509,839$847,830$5,196,274
81$7,583,567$1,530,223$822,634$5,644,114
82$8,301,805$1,549,918$794,907$6,136,232
83$9,091,561$1,568,836$764,508$6,677,141
84$9,960,077$1,586,886$731,296$7,271,817
85$10,915,327$1,603,966$695,117$7,925,744
86$11,966,103$1,619,972$655,815$8,644,967
87$13,122,085$1,634,791$613,225$9,436,152
88$14,393,945$1,648,302$567,175$10,306,644
89$15,793,436$1,660,378$517,484$11,264,538
90$17,333,512$1,670,882$463,965$12,318,761
91$19,028,443$1,679,668$406,421$13,479,148
92$20,893,955$1,686,583$344,647$14,756,544
93$22,947,375$1,691,462$278,429$16,162,899
94$25,207,794$1,694,130$207,544$17,711,387
95$27,696,249$1,694,403$131,756$19,416,526
96$30,435,920$1,692,082$50,824$21,294,322
97$33,452,349$1,686,959$0$23,362,413
98$36,773,681$1,678,813$0$25,651,239
99$40,430,928$1,667,406$0$28,188,727
100$44,458,264$1,652,490$0$30,982,839