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%16.2%
1 years$77,046$76,360$75,690$75,037$74,399$72,512
2 years$38,142$37,431$36,743$36,075$35,428$33,539
3 years$25,175$24,462$23,775$23,114$22,477$20,645
4 years$18,693$17,982$17,302$16,652$16,031$14,271
5 years$14,805$14,098$13,427$12,791$12,186$10,502
6 years$12,214$11,512$10,851$10,229$9,643$8,036
7 years$10,364$9,668$9,017$8,410$7,842$6,314
8 years$8,977$8,287$7,647$7,055$6,506$5,055
9 years$7,898$7,215$6,587$6,009$5,479$4,104
10 years$7,036$6,360$5,742$5,180$4,668$3,368
11 years$6,332$5,662$5,056$4,508$4,015$2,787
12 years$5,745$5,082$4,487$3,954$3,479$2,322
13 years$5,248$4,593$4,009$3,491$3,034$1,944
14 years$4,823$4,175$3,602$3,099$2,659$1,635
15 years$4,455$3,814$3,252$2,764$2,342$1,381
16 years$4,134$3,499$2,948$2,474$2,070$1,169
17 years$3,850$3,222$2,683$2,223$1,835$992
18 years$3,598$2,978$2,449$2,004$1,632$844
19 years$3,373$2,760$2,242$1,810$1,454$719
20 years$3,171$2,564$2,058$1,640$1,299$614
21 years$2,988$2,389$1,893$1,488$1,162$524
22 years$2,822$2,230$1,744$1,353$1,042$448
23 years$2,671$2,085$1,611$1,232$935$384
24 years$2,533$1,954$1,490$1,124$841$329
25 years$2,405$1,834$1,380$1,026$756$282
26 years$2,288$1,723$1,279$938$681$242
27 years$2,180$1,622$1,188$859$614$207
28 years$2,079$1,528$1,105$787$554$178
29 years$1,986$1,442$1,028$722$501$153
30 years$1,899$1,362$957$662$452$131
31 years$1,818$1,287$893$608$409$113
32 years$1,742$1,218$833$559$370$97
33 years$1,671$1,153$778$514$335$83
34 years$1,604$1,093$727$473$303$72
35 years$1,541$1,037$679$435$275$62
36 years$1,482$984$635$401$249$53
37 years$1,426$935$595$370$225$46
38 years$1,373$888$557$341$204$39
39 years$1,323$845$522$314$185$34
40 years$1,276$804$489$290$168$29
41 years$1,231$765$459$267$153$25
42 years$1,188$728$430$247$138$21
43 years$1,147$694$404$228$126$18
44 years$1,109$662$379$210$114$16
45 years$1,072$631$356$194$103$14
46 years$1,037$602$334$179$94$12
47 years$1,003$574$314$166$85$10
48 years$971$548$295$153$77$9
49 years$940$524$277$141$70$8
50 years$911$500$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $933,000, adding $4,574 every year, while hoping to spend $40,003 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: 63/15/22 Blend
56$933,000$933,000$933,000$933,000
57$1,032,884$983,435$968,974$1,091,777
58$1,095,675$989,061$958,871$1,137,692
59$1,163,531$993,621$947,090$1,182,946
60$1,236,924$997,022$933,531$1,231,462
61$1,316,377$999,163$918,091$1,283,562
62$1,402,463$999,937$900,662$1,339,604
63$1,495,812$999,232$881,132$1,399,980
64$1,597,117$996,926$859,382$1,465,128
65$1,707,140$992,892$835,289$1,535,527
66$1,826,720$986,995$808,722$1,611,709
67$1,956,778$979,091$779,547$1,694,262
68$2,098,330$969,027$747,623$1,783,834
69$2,252,492$956,642$712,800$1,881,140
70$2,420,492$941,764$674,925$1,986,973
71$2,603,684$924,211$633,837$2,102,204
72$2,803,554$903,792$589,365$2,227,801
73$3,021,742$880,303$541,334$2,364,826
74$3,260,049$853,528$489,558$2,514,457
75$3,520,462$823,239$433,847$2,677,992
76$3,805,166$789,194$373,997$2,856,865
77$4,116,566$751,138$309,799$3,052,658
78$4,457,312$708,800$241,034$3,267,118
79$4,830,322$661,895$167,472$3,502,174
80$5,238,806$610,119$88,874$3,759,954
81$5,686,304$553,154$4,990$4,042,807
82$6,176,710$490,662$0$4,353,326
83$6,714,315$422,286$0$4,714,213
84$7,303,845$347,647$0$5,111,324
85$7,950,504$266,349$0$5,547,035
86$8,660,025$177,969$0$6,025,261
87$9,438,722$82,064$0$6,550,314
88$10,293,550$0$0$7,126,949
89$11,232,171$0$0$7,764,012
90$12,263,025$0$0$8,478,620
91$13,395,408$0$0$9,263,683
92$14,639,564$0$0$10,126,310
93$16,006,776$0$0$11,074,333
94$17,509,473$0$0$12,116,382
95$19,161,350$0$0$13,261,963
96$20,977,495$0$0$14,521,548
97$22,974,530$0$0$15,906,677
98$25,170,769$0$0$17,430,064
99$27,586,388$0$0$19,105,714
100$30,243,618$0$0$20,949,061