Can I retire at age 57 with 936,000?

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 $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%14.9%
1 years$77,294$76,606$75,934$75,278$74,638$73,131
2 years$38,264$37,552$36,861$36,191$35,542$34,030
3 years$25,256$24,540$23,852$23,188$22,549$21,080
4 years$18,753$18,040$17,358$16,706$16,082$14,667
5 years$14,853$14,143$13,470$12,832$12,226$10,868
6 years$12,253$11,549$10,886$10,262$9,674$8,375
7 years$10,397$9,699$9,046$8,437$7,867$6,629
8 years$9,006$8,314$7,672$7,077$6,527$5,347
9 years$7,924$7,239$6,608$6,028$5,496$4,375
10 years$7,059$6,381$5,761$5,196$4,683$3,619
11 years$6,352$5,680$5,072$4,522$4,028$3,020
12 years$5,763$5,098$4,501$3,967$3,490$2,537
13 years$5,265$4,607$4,021$3,502$3,044$2,143
14 years$4,839$4,188$3,613$3,109$2,668$1,819
15 years$4,470$3,826$3,262$2,772$2,349$1,550
16 years$4,147$3,510$2,958$2,482$2,076$1,324
17 years$3,862$3,233$2,691$2,230$1,841$1,135
18 years$3,610$2,987$2,457$2,010$1,637$974
19 years$3,384$2,768$2,249$1,816$1,459$838
20 years$3,181$2,573$2,064$1,645$1,303$722
21 years$2,998$2,396$1,899$1,493$1,166$623
22 years$2,831$2,237$1,750$1,357$1,045$539
23 years$2,680$2,092$1,616$1,236$938$466
24 years$2,541$1,960$1,494$1,128$843$403
25 years$2,413$1,839$1,384$1,030$759$349
26 years$2,296$1,729$1,284$942$684$303
27 years$2,187$1,627$1,192$862$616$262
28 years$2,086$1,533$1,108$790$556$228
29 years$1,993$1,446$1,031$724$502$198
30 years$1,905$1,366$960$665$454$172
31 years$1,824$1,291$895$610$410$149
32 years$1,748$1,222$835$561$371$129
33 years$1,676$1,157$780$516$336$113
34 years$1,609$1,097$729$475$304$98
35 years$1,546$1,040$681$437$275$85
36 years$1,487$987$637$402$250$74
37 years$1,430$938$597$371$226$64
38 years$1,377$891$559$342$205$56
39 years$1,327$847$523$315$186$49
40 years$1,280$806$491$291$169$42
41 years$1,235$767$460$268$153$37
42 years$1,192$731$432$247$139$32
43 years$1,151$696$405$228$126$28
44 years$1,112$664$380$211$114$24
45 years$1,075$633$357$195$104$21
46 years$1,040$604$335$180$94$18
47 years$1,006$576$315$166$86$16
48 years$974$550$296$154$78$14
49 years$943$525$278$142$71$12
50 years$914$502$262$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $936,000, adding $3,140 every year, while hoping to spend $42,468 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: 45/43/12 Blend
56$936,000$936,000$936,000$936,000
57$1,034,711$985,103$970,595$1,077,607
58$1,095,066$988,187$957,924$1,110,794
59$1,160,154$990,000$943,406$1,142,189
60$1,230,412$990,432$926,933$1,175,287
61$1,306,322$989,372$908,393$1,210,261
62$1,388,414$986,697$887,671$1,247,304
63$1,477,267$982,281$864,643$1,286,633
64$1,573,521$975,985$839,181$1,328,486
65$1,677,878$967,667$811,152$1,373,130
66$1,791,112$957,172$780,416$1,420,862
67$1,914,071$944,340$746,825$1,472,013
68$2,047,690$928,996$710,228$1,526,949
69$2,192,998$910,960$670,464$1,586,078
70$2,351,125$890,039$627,366$1,649,853
71$2,523,316$866,027$580,758$1,718,777
72$2,710,940$838,708$530,460$1,793,411
73$2,915,505$807,853$476,279$1,874,373
74$3,138,668$773,220$418,016$1,962,353
75$3,382,257$734,553$355,464$2,058,115
76$3,648,280$691,578$288,405$2,162,506
77$3,938,950$644,011$216,612$2,276,466
78$4,256,702$591,547$139,848$2,401,037
79$4,604,219$533,866$57,866$2,537,372
80$4,984,452$470,628$0$2,686,752
81$5,400,653$401,476$0$2,854,388
82$5,856,402$326,031$0$3,046,208
83$6,355,641$243,892$0$3,256,572
84$6,902,712$154,638$0$3,487,440
85$7,502,396$57,823$0$3,740,984
86$8,159,959$0$0$4,019,602
87$8,881,202$0$0$4,348,196
88$9,672,513$0$0$4,738,844
89$10,540,929$0$0$5,167,672
90$11,494,200$0$0$5,638,522
91$12,540,865$0$0$6,155,628
92$13,690,329$0$0$6,723,650
93$14,952,953$0$0$7,347,726
94$16,340,150$0$0$8,033,512
95$17,864,494$0$0$8,787,243
96$19,539,836$0$0$9,615,785
97$21,381,439$0$0$10,526,704
98$23,406,114$0$0$11,528,335
99$25,632,384$0$0$12,629,862
100$28,080,658$0$0$13,841,402