Can I retire at age 57 with 934,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $934,000?

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$77,129$76,442$75,772$75,117$74,478$72,590
2 years$38,183$37,471$36,782$36,114$35,466$33,575
3 years$25,202$24,488$23,801$23,139$22,501$20,668
4 years$18,713$18,001$17,321$16,670$16,048$14,286
5 years$14,821$14,113$13,442$12,804$12,199$10,514
6 years$12,227$11,525$10,863$10,240$9,653$8,045
7 years$10,375$9,678$9,027$8,419$7,850$6,321
8 years$8,986$8,296$7,656$7,062$6,513$5,060
9 years$7,907$7,223$6,594$6,015$5,485$4,108
10 years$7,044$6,367$5,749$5,185$4,673$3,371
11 years$6,338$5,668$5,061$4,513$4,019$2,790
12 years$5,751$5,087$4,492$3,958$3,483$2,324
13 years$5,254$4,597$4,013$3,495$3,037$1,946
14 years$4,828$4,179$3,606$3,102$2,662$1,637
15 years$4,460$3,818$3,255$2,767$2,344$1,382
16 years$4,138$3,503$2,951$2,477$2,072$1,170
17 years$3,854$3,226$2,686$2,226$1,837$993
18 years$3,602$2,981$2,452$2,006$1,633$845
19 years$3,377$2,763$2,244$1,812$1,456$720
20 years$3,174$2,567$2,060$1,641$1,300$614
21 years$2,991$2,391$1,895$1,490$1,164$525
22 years$2,825$2,232$1,746$1,355$1,043$449
23 years$2,674$2,088$1,612$1,234$936$384
24 years$2,535$1,956$1,491$1,125$842$329
25 years$2,408$1,836$1,381$1,028$757$282
26 years$2,291$1,725$1,281$940$682$242
27 years$2,182$1,624$1,189$860$615$208
28 years$2,082$1,530$1,106$788$555$178
29 years$1,988$1,443$1,029$723$501$153
30 years$1,901$1,363$958$663$453$132
31 years$1,820$1,288$894$609$409$113
32 years$1,744$1,219$834$560$370$97
33 years$1,673$1,155$778$515$335$83
34 years$1,606$1,094$727$474$303$72
35 years$1,543$1,038$680$436$275$62
36 years$1,483$985$636$401$249$53
37 years$1,427$936$595$370$226$46
38 years$1,374$889$558$341$205$39
39 years$1,324$846$522$314$186$34
40 years$1,277$804$490$290$168$29
41 years$1,232$766$459$268$153$25
42 years$1,189$729$431$247$139$22
43 years$1,148$695$404$228$126$19
44 years$1,110$662$379$210$114$16
45 years$1,073$632$356$194$104$14
46 years$1,038$603$335$180$94$12
47 years$1,004$575$314$166$85$10
48 years$972$549$295$153$78$9
49 years$941$524$278$142$70$8
50 years$912$501$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 $934,000, adding $6,211 every year, while hoping to spend $28,511 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: 88/6/6 Blend
56$934,000$934,000$934,000$934,000
57$1,035,675$986,173$971,696$1,126,074
58$1,110,978$1,004,160$973,912$1,203,849
59$1,193,007$1,022,072$975,247$1,284,698
60$1,282,417$1,039,877$975,641$1,372,643
61$1,379,930$1,057,538$975,032$1,468,377
62$1,486,340$1,075,015$973,353$1,572,665
63$1,602,523$1,092,267$970,536$1,686,348
64$1,729,441$1,109,248$966,509$1,810,352
65$1,868,153$1,125,910$961,197$1,945,698
66$2,019,826$1,142,202$954,519$2,093,509
67$2,185,746$1,158,067$946,392$2,255,022
68$2,367,326$1,173,446$936,731$2,431,599
69$2,566,124$1,188,276$925,442$2,624,743
70$2,783,856$1,202,489$912,431$2,836,105
71$3,022,410$1,216,011$897,598$3,067,508
72$3,283,866$1,228,766$880,838$3,320,956
73$3,570,515$1,240,671$862,042$3,598,661
74$3,884,882$1,251,637$841,094$3,903,056
75$4,229,744$1,261,572$817,874$4,236,824
76$4,608,163$1,270,374$792,258$4,602,918
77$5,023,511$1,277,938$764,114$5,004,595
78$5,479,501$1,284,149$733,305$5,445,440
79$5,980,226$1,288,888$699,686$5,929,405
80$6,530,193$1,292,027$663,109$6,460,843
81$7,134,365$1,293,429$623,416$7,044,551
82$7,798,212$1,292,949$580,442$7,685,814
83$8,527,761$1,290,435$534,018$8,390,454
84$9,329,649$1,285,722$483,964$9,164,889
85$10,211,189$1,278,638$430,092$10,016,187
86$11,180,438$1,269,000$372,209$10,952,140
87$12,246,273$1,256,611$310,109$11,981,330
88$13,418,475$1,241,267$243,579$13,113,215
89$14,707,819$1,222,749$172,398$14,358,219
90$16,126,176$1,200,823$96,333$15,727,825
91$17,686,628$1,175,245$15,142$17,234,689
92$19,403,587$1,145,755$0$18,892,754
93$21,292,933$1,112,077$0$20,721,966
94$23,372,162$1,073,919$0$22,736,010
95$25,660,555$1,030,973$0$24,952,594
96$28,179,353$982,913$0$27,392,298
97$30,951,964$929,392$0$30,077,797
98$34,004,177$870,045$0$33,034,081
99$37,364,413$804,487$0$36,288,685
100$41,063,984$732,308$0$39,871,950