Can I retire at age 57 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$77,211$76,524$75,853$75,198$74,558$71,628
2 years$38,223$37,512$36,822$36,153$35,504$32,588
3 years$25,229$24,514$23,826$23,163$22,525$19,715
4 years$18,733$18,021$17,339$16,688$16,065$13,382
5 years$14,837$14,128$13,456$12,818$12,212$9,663
6 years$12,240$11,537$10,874$10,251$9,663$7,250
7 years$10,386$9,689$9,037$8,428$7,859$5,580
8 years$8,996$8,305$7,664$7,070$6,520$4,373
9 years$7,915$7,231$6,601$6,022$5,491$3,474
10 years$7,051$6,374$5,755$5,191$4,678$2,787
11 years$6,345$5,674$5,066$4,518$4,023$2,253
12 years$5,757$5,093$4,496$3,963$3,487$1,832
13 years$5,260$4,602$4,017$3,498$3,040$1,498
14 years$4,834$4,183$3,609$3,105$2,665$1,229
15 years$4,465$3,822$3,259$2,769$2,347$1,011
16 years$4,142$3,506$2,955$2,480$2,074$834
17 years$3,858$3,229$2,689$2,228$1,839$690
18 years$3,606$2,984$2,454$2,008$1,635$571
19 years$3,380$2,765$2,247$1,814$1,457$474
20 years$3,178$2,570$2,062$1,643$1,302$393
21 years$2,995$2,394$1,897$1,491$1,165$327
22 years$2,828$2,234$1,748$1,356$1,044$272
23 years$2,677$2,090$1,614$1,235$937$226
24 years$2,538$1,958$1,493$1,126$842$188
25 years$2,411$1,837$1,383$1,029$758$157
26 years$2,293$1,727$1,282$941$683$131
27 years$2,185$1,625$1,191$861$616$109
28 years$2,084$1,531$1,107$789$556$91
29 years$1,990$1,445$1,030$723$502$76
30 years$1,903$1,364$959$664$453$63
31 years$1,822$1,290$894$610$410$53
32 years$1,746$1,220$835$560$371$44
33 years$1,674$1,156$779$515$335$37
34 years$1,607$1,095$728$474$304$31
35 years$1,544$1,039$681$436$275$26
36 years$1,485$986$637$402$249$21
37 years$1,429$937$596$370$226$18
38 years$1,376$890$558$341$205$15
39 years$1,326$846$523$315$186$12
40 years$1,278$805$490$290$168$10
41 years$1,233$767$460$268$153$9
42 years$1,190$730$431$247$139$7
43 years$1,150$696$405$228$126$6
44 years$1,111$663$380$211$114$5
45 years$1,074$632$357$195$104$4
46 years$1,039$603$335$180$94$3
47 years$1,005$576$315$166$86$3
48 years$973$549$296$153$78$2
49 years$942$525$278$142$71$2
50 years$913$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $935,000, adding $6,689 every year, while hoping to spend $41,467 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: 34/48/18 Blend
56$935,000$935,000$935,000$935,000
57$1,037,270$987,715$973,222$1,066,584
58$1,098,951$991,992$961,705$1,092,982
59$1,165,533$995,089$948,411$1,117,106
60$1,237,474$996,905$933,239$1,142,244
61$1,315,273$997,331$916,080$1,168,511
62$1,399,483$996,252$896,821$1,196,035
63$1,490,709$993,547$875,343$1,224,959
64$1,589,617$989,086$851,523$1,255,445
65$1,696,940$982,733$825,230$1,287,674
66$1,813,483$974,342$796,330$1,321,850
67$1,940,132$963,758$764,681$1,358,200
68$2,077,861$950,819$730,134$1,396,981
69$2,227,745$935,350$692,535$1,438,477
70$2,390,961$917,169$651,722$1,483,010
71$2,568,809$896,080$607,524$1,530,935
72$2,762,718$871,878$559,766$1,582,651
73$2,974,260$844,345$508,263$1,638,605
74$3,205,166$813,250$452,822$1,699,292
75$3,457,341$778,348$393,240$1,765,266
76$3,732,884$739,381$329,308$1,837,144
77$4,034,104$696,076$260,805$1,915,612
78$4,363,542$648,144$187,502$2,001,436
79$4,724,000$595,278$109,159$2,095,465
80$5,118,558$537,157$25,526$2,198,646
81$5,550,611$473,438$0$2,312,029
82$6,023,897$403,761$0$2,449,023
83$6,542,533$327,744$0$2,604,713
84$7,111,053$244,984$0$2,775,687
85$7,734,448$155,056$0$2,963,602
86$8,418,219$57,511$0$3,170,290
87$9,168,423$0$0$3,397,783
88$9,991,730$0$0$3,673,746
89$10,895,492$0$0$4,010,164
90$11,887,802$0$0$4,379,690
91$12,977,578$0$0$4,785,663
92$14,174,644$0$0$5,231,761
93$15,489,822$0$0$5,722,037
94$16,935,032$0$0$6,260,955
95$18,523,409$0$0$6,853,434
96$20,269,422$0$0$7,504,892
97$22,189,013$0$0$8,221,300
98$24,299,743$0$0$9,009,235
99$26,620,962$0$0$9,875,945
100$29,173,989$0$0$10,829,414