Can I retire at age 57 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,046$76,360$75,690$75,037$74,399$73,530
2 years$38,142$37,431$36,743$36,075$35,428$34,554
3 years$25,175$24,462$23,775$23,114$22,477$21,624
4 years$18,693$17,982$17,302$16,652$16,031$15,206
5 years$14,805$14,098$13,427$12,791$12,186$11,392
6 years$12,214$11,512$10,851$10,229$9,643$8,880
7 years$10,364$9,668$9,017$8,410$7,842$7,111
8 years$8,977$8,287$7,647$7,055$6,506$5,806
9 years$7,898$7,215$6,587$6,009$5,479$4,810
10 years$7,036$6,360$5,742$5,180$4,668$4,031
11 years$6,332$5,662$5,056$4,508$4,015$3,408
12 years$5,745$5,082$4,487$3,954$3,479$2,902
13 years$5,248$4,593$4,009$3,491$3,034$2,486
14 years$4,823$4,175$3,602$3,099$2,659$2,139
15 years$4,455$3,814$3,252$2,764$2,342$1,849
16 years$4,134$3,499$2,948$2,474$2,070$1,603
17 years$3,850$3,222$2,683$2,223$1,835$1,395
18 years$3,598$2,978$2,449$2,004$1,632$1,216
19 years$3,373$2,760$2,242$1,810$1,454$1,062
20 years$3,171$2,564$2,058$1,640$1,299$930
21 years$2,988$2,389$1,893$1,488$1,162$815
22 years$2,822$2,230$1,744$1,353$1,042$716
23 years$2,671$2,085$1,611$1,232$935$629
24 years$2,533$1,954$1,490$1,124$841$553
25 years$2,405$1,834$1,380$1,026$756$487
26 years$2,288$1,723$1,279$938$681$430
27 years$2,180$1,622$1,188$859$614$379
28 years$2,079$1,528$1,105$787$554$334
29 years$1,986$1,442$1,028$722$501$295
30 years$1,899$1,362$957$662$452$261
31 years$1,818$1,287$893$608$409$230
32 years$1,742$1,218$833$559$370$204
33 years$1,671$1,153$778$514$335$180
34 years$1,604$1,093$727$473$303$159
35 years$1,541$1,037$679$435$275$141
36 years$1,482$984$635$401$249$125
37 years$1,426$935$595$370$225$110
38 years$1,373$888$557$341$204$98
39 years$1,323$845$522$314$185$87
40 years$1,276$804$489$290$168$77
41 years$1,231$765$459$267$153$68
42 years$1,188$728$430$247$138$60
43 years$1,147$694$404$228$126$53
44 years$1,109$662$379$210$114$47
45 years$1,072$631$356$194$103$42
46 years$1,037$602$334$179$94$37
47 years$1,003$574$314$166$85$33
48 years$971$548$295$153$77$29
49 years$940$524$277$141$70$26
50 years$911$500$261$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $933,000, adding $5,126 every year, while hoping to spend $50,249 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: 51/37/12 Blend
56$933,000$933,000$933,000$933,000
57$1,033,453$984,004$969,543$1,082,594
58$1,085,401$978,756$948,558$1,111,507
59$1,140,963$971,567$925,186$1,137,170
60$1,200,456$962,287$899,294$1,163,922
61$1,264,225$950,762$870,743$1,191,880
62$1,332,649$936,823$839,386$1,221,175
63$1,406,147$920,295$805,073$1,251,952
64$1,485,175$900,990$767,644$1,284,379
65$1,570,234$878,710$726,932$1,318,638
66$1,661,878$853,247$682,764$1,354,938
67$1,760,711$824,377$634,958$1,393,510
68$1,867,398$791,866$583,323$1,434,613
69$1,982,671$755,466$527,663$1,478,538
70$2,107,333$714,913$467,769$1,525,609
71$2,242,267$669,930$403,426$1,576,186
72$2,388,444$620,222$334,406$1,630,675
73$2,546,931$565,479$260,474$1,689,524
74$2,718,902$505,371$181,384$1,753,236
75$2,905,647$439,553$96,878$1,822,369
76$3,108,588$367,655$6,688$1,897,546
77$3,329,285$289,291$0$1,979,460
78$3,569,458$204,052$0$2,080,349
79$3,830,996$111,504$0$2,191,263
80$4,115,981$11,192$0$2,312,335
81$4,426,703$0$0$2,444,665
82$4,765,681$0$0$2,629,116
83$5,135,690$0$0$2,835,515
84$5,539,783$0$0$3,061,022
85$5,981,322$0$0$3,307,523
86$6,464,006$0$0$3,577,098
87$6,991,911$0$0$3,872,033
88$7,569,523$0$0$4,194,849
89$8,201,780$0$0$4,548,320
90$8,894,123$0$0$4,935,502
91$9,652,542$0$0$5,359,758
92$10,483,632$0$0$5,824,795
93$11,394,660$0$0$6,334,693
94$12,393,626$0$0$6,893,948
95$13,489,343$0$0$7,507,510
96$14,691,517$0$0$8,180,832
97$16,010,840$0$0$8,919,921
98$17,459,089$0$0$9,731,394
99$19,049,236$0$0$10,622,538
100$20,795,572$0$0$11,601,383