Can I retire at age 57 with 935,000?

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 $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%18.6%
1 years$77,211$76,524$75,853$75,198$74,558$71,970
2 years$38,223$37,512$36,822$36,153$35,504$32,923
3 years$25,229$24,514$23,826$23,163$22,525$20,033
4 years$18,733$18,021$17,339$16,688$16,065$13,680
5 years$14,837$14,128$13,456$12,818$12,212$9,942
6 years$12,240$11,537$10,874$10,251$9,663$7,508
7 years$10,386$9,689$9,037$8,428$7,859$5,819
8 years$8,996$8,305$7,664$7,070$6,520$4,593
9 years$7,915$7,231$6,601$6,022$5,491$3,675
10 years$7,051$6,374$5,755$5,191$4,678$2,971
11 years$6,345$5,674$5,066$4,518$4,023$2,421
12 years$5,757$5,093$4,496$3,963$3,487$1,985
13 years$5,260$4,602$4,017$3,498$3,040$1,635
14 years$4,834$4,183$3,609$3,105$2,665$1,353
15 years$4,465$3,822$3,259$2,769$2,347$1,123
16 years$4,142$3,506$2,955$2,480$2,074$935
17 years$3,858$3,229$2,689$2,228$1,839$779
18 years$3,606$2,984$2,454$2,008$1,635$651
19 years$3,380$2,765$2,247$1,814$1,457$545
20 years$3,178$2,570$2,062$1,643$1,302$457
21 years$2,995$2,394$1,897$1,491$1,165$383
22 years$2,828$2,234$1,748$1,356$1,044$321
23 years$2,677$2,090$1,614$1,235$937$270
24 years$2,538$1,958$1,493$1,126$842$227
25 years$2,411$1,837$1,383$1,029$758$191
26 years$2,293$1,727$1,282$941$683$161
27 years$2,185$1,625$1,191$861$616$135
28 years$2,084$1,531$1,107$789$556$114
29 years$1,990$1,445$1,030$723$502$96
30 years$1,903$1,364$959$664$453$81
31 years$1,822$1,290$894$610$410$68
32 years$1,746$1,220$835$560$371$57
33 years$1,674$1,156$779$515$335$48
34 years$1,607$1,095$728$474$304$41
35 years$1,544$1,039$681$436$275$34
36 years$1,485$986$637$402$249$29
37 years$1,429$937$596$370$226$24
38 years$1,376$890$558$341$205$21
39 years$1,326$846$523$315$186$17
40 years$1,278$805$490$290$168$15
41 years$1,233$767$460$268$153$12
42 years$1,190$730$431$247$139$10
43 years$1,150$696$405$228$126$9
44 years$1,111$663$380$211$114$7
45 years$1,074$632$357$195$104$6
46 years$1,039$603$335$180$94$5
47 years$1,005$576$315$166$86$4
48 years$973$549$296$153$78$4
49 years$942$525$278$142$71$3
50 years$913$501$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $935,000, adding $2,492 every year, while hoping to spend $49,863 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: 31/39/30 Blend
56$935,000$935,000$935,000$935,000
57$1,032,940$983,385$968,893$1,055,435
58$1,085,247$978,518$948,297$1,068,307
59$1,141,217$971,740$925,340$1,077,639
60$1,201,172$962,906$899,890$1,086,721
61$1,265,464$951,862$871,809$1,095,568
62$1,334,481$938,442$840,954$1,104,199
63$1,408,645$922,472$807,173$1,112,643
64$1,488,422$903,769$770,308$1,120,934
65$1,574,323$882,136$730,196$1,129,115
66$1,666,910$857,366$686,663$1,137,240
67$1,766,799$829,242$639,531$1,145,374
68$1,874,667$797,529$588,610$1,153,597
69$1,991,259$761,984$533,705$1,162,000
70$2,117,393$722,347$474,609$1,170,694
71$2,253,968$678,342$411,109$1,179,807
72$2,401,972$629,681$342,981$1,189,490
73$2,562,493$576,055$269,990$1,199,914
74$2,736,726$517,140$191,894$1,211,281
75$2,925,986$452,594$108,436$1,223,820
76$3,131,719$382,053$19,350$1,237,794
77$3,355,516$305,135$0$1,253,506
78$3,599,127$221,436$0$1,295,535
79$3,864,480$130,528$0$1,348,218
80$4,153,693$31,960$0$1,405,895
81$4,469,099$0$0$1,469,166
82$4,813,266$0$0$1,570,780
83$5,189,021$0$0$1,696,829
84$5,599,473$0$0$1,834,658
85$6,048,049$0$0$1,985,437
86$6,538,519$0$0$2,150,449
87$7,075,034$0$0$2,331,111
88$7,662,165$0$0$2,528,982
89$8,304,946$0$0$2,745,779
90$9,008,920$0$0$2,983,393
91$9,780,191$0$0$3,243,906
92$10,625,480$0$0$3,529,612
93$11,552,192$0$0$3,843,037
94$12,568,481$0$0$4,186,964
95$13,683,327$0$0$4,564,457
96$14,906,622$0$0$4,978,893
97$16,249,262$0$0$5,433,990
98$17,723,250$0$0$5,933,846
99$19,341,807$0$0$6,482,973
100$21,119,496$0$0$7,086,343