Can I retire at age 57 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$77,294$76,606$75,934$75,278$74,638$73,432
2 years$38,264$37,552$36,861$36,191$35,542$34,330
3 years$25,256$24,540$23,852$23,188$22,549$21,369
4 years$18,753$18,040$17,358$16,706$16,082$14,943
5 years$14,853$14,143$13,470$12,832$12,226$11,131
6 years$12,253$11,549$10,886$10,262$9,674$8,625
7 years$10,397$9,699$9,046$8,437$7,867$6,864
8 years$9,006$8,314$7,672$7,077$6,527$5,570
9 years$7,924$7,239$6,608$6,028$5,496$4,585
10 years$7,059$6,381$5,761$5,196$4,683$3,816
11 years$6,352$5,680$5,072$4,522$4,028$3,204
12 years$5,763$5,098$4,501$3,967$3,490$2,709
13 years$5,265$4,607$4,021$3,502$3,044$2,304
14 years$4,839$4,188$3,613$3,109$2,668$1,969
15 years$4,470$3,826$3,262$2,772$2,349$1,689
16 years$4,147$3,510$2,958$2,482$2,076$1,453
17 years$3,862$3,233$2,691$2,230$1,841$1,254
18 years$3,610$2,987$2,457$2,010$1,637$1,085
19 years$3,384$2,768$2,249$1,816$1,459$940
20 years$3,181$2,573$2,064$1,645$1,303$816
21 years$2,998$2,396$1,899$1,493$1,166$710
22 years$2,831$2,237$1,750$1,357$1,045$618
23 years$2,680$2,092$1,616$1,236$938$538
24 years$2,541$1,960$1,494$1,128$843$470
25 years$2,413$1,839$1,384$1,030$759$410
26 years$2,296$1,729$1,284$942$684$358
27 years$2,187$1,627$1,192$862$616$313
28 years$2,086$1,533$1,108$790$556$274
29 years$1,993$1,446$1,031$724$502$240
30 years$1,905$1,366$960$665$454$210
31 years$1,824$1,291$895$610$410$184
32 years$1,748$1,222$835$561$371$161
33 years$1,676$1,157$780$516$336$141
34 years$1,609$1,097$729$475$304$124
35 years$1,546$1,040$681$437$275$108
36 years$1,487$987$637$402$250$95
37 years$1,430$938$597$371$226$83
38 years$1,377$891$559$342$205$73
39 years$1,327$847$523$315$186$64
40 years$1,280$806$491$291$169$56
41 years$1,235$767$460$268$153$49
42 years$1,192$731$432$247$139$43
43 years$1,151$696$405$228$126$38
44 years$1,112$664$380$211$114$33
45 years$1,075$633$357$195$104$29
46 years$1,040$604$335$180$94$26
47 years$1,006$576$315$166$86$23
48 years$974$550$296$154$78$20
49 years$943$525$278$142$71$17
50 years$914$502$262$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $936,000, adding $4,675 every year, while hoping to spend $22,281 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: 47/38/15 Blend
56$936,000$936,000$936,000$936,000
57$1,036,294$986,686$972,178$1,080,418
58$1,118,289$1,011,327$981,039$1,136,125
59$1,207,901$1,036,429$989,451$1,193,902
60$1,305,883$1,061,990$997,373$1,256,123
61$1,413,065$1,088,009$1,004,767$1,323,212
62$1,530,360$1,114,483$1,011,589$1,395,633
63$1,658,773$1,141,409$1,017,794$1,473,899
64$1,799,413$1,168,783$1,023,334$1,558,575
65$1,953,498$1,196,599$1,028,161$1,650,282
66$2,122,372$1,224,849$1,032,222$1,749,706
67$2,307,514$1,253,527$1,035,461$1,857,601
68$2,510,553$1,282,623$1,037,822$1,974,798
69$2,733,284$1,312,126$1,039,244$2,102,213
70$2,977,684$1,342,024$1,039,663$2,240,855
71$3,245,928$1,372,305$1,039,012$2,391,837
72$3,540,416$1,402,951$1,037,223$2,556,383
73$3,863,789$1,433,946$1,034,220$2,735,843
74$4,218,957$1,465,270$1,029,928$2,931,705
75$4,609,126$1,496,903$1,024,265$3,145,608
76$5,037,826$1,528,821$1,017,148$3,379,359
77$5,508,949$1,560,998$1,008,487$3,634,950
78$6,026,780$1,593,405$998,189$3,914,573
79$6,596,041$1,626,012$986,158$4,220,649
80$7,221,935$1,658,784$972,292$4,555,841
81$7,910,192$1,691,685$956,484$4,923,087
82$8,667,128$1,724,673$938,622$5,325,624
83$9,499,699$1,757,706$918,590$5,767,020
84$10,415,571$1,790,736$896,266$6,251,209
85$11,423,189$1,823,713$871,521$6,782,523
86$12,531,859$1,856,579$844,221$7,365,741
87$13,751,834$1,889,277$814,228$8,006,126
88$15,094,411$1,921,741$781,394$8,709,482
89$16,572,037$1,953,902$745,567$9,482,205
90$18,198,428$1,985,686$706,586$10,331,345
91$19,988,696$2,017,013$664,285$11,264,670
92$21,959,493$2,047,797$618,489$12,290,745
93$24,129,167$2,077,946$569,015$13,419,008
94$26,517,938$2,107,361$515,672$14,659,862
95$29,148,083$2,135,936$458,262$16,024,773
96$32,044,149$2,163,559$396,576$17,526,379
97$35,233,188$2,190,109$330,397$19,178,607
98$38,745,005$2,215,457$259,498$20,996,810
99$42,612,446$2,239,465$183,641$22,997,907
100$46,871,703$2,261,985$102,580$25,200,548