Can I retire at age 57 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$77,377$76,687$76,015$75,359$74,718$72,210
2 years$38,305$37,592$36,900$36,230$35,580$33,079
3 years$25,283$24,567$23,877$23,213$22,573$20,156
4 years$18,773$18,059$17,376$16,724$16,099$13,786
5 years$14,869$14,159$13,485$12,845$12,239$10,034
6 years$12,266$11,562$10,898$10,273$9,684$7,590
7 years$10,408$9,709$9,056$8,446$7,876$5,892
8 years$9,015$8,323$7,680$7,085$6,534$4,660
9 years$7,932$7,246$6,615$6,035$5,502$3,735
10 years$7,067$6,387$5,767$5,202$4,688$3,025
11 years$6,359$5,686$5,077$4,527$4,032$2,470
12 years$5,769$5,104$4,506$3,971$3,494$2,029
13 years$5,271$4,612$4,026$3,506$3,047$1,675
14 years$4,844$4,192$3,617$3,112$2,671$1,389
15 years$4,474$3,830$3,266$2,775$2,352$1,155
16 years$4,151$3,514$2,961$2,485$2,078$964
17 years$3,866$3,236$2,694$2,233$1,843$805
18 years$3,614$2,990$2,460$2,012$1,639$674
19 years$3,388$2,771$2,252$1,818$1,460$566
20 years$3,185$2,575$2,066$1,647$1,305$475
21 years$3,001$2,399$1,901$1,495$1,167$399
22 years$2,834$2,239$1,752$1,359$1,046$336
23 years$2,682$2,094$1,617$1,238$939$283
24 years$2,543$1,962$1,496$1,129$844$238
25 years$2,416$1,841$1,386$1,031$760$201
26 years$2,298$1,731$1,285$943$684$169
27 years$2,189$1,629$1,193$863$617$143
28 years$2,088$1,535$1,109$790$557$121
29 years$1,995$1,448$1,032$725$503$102
30 years$1,907$1,367$962$665$454$86
31 years$1,826$1,293$896$611$411$73
32 years$1,750$1,223$836$561$371$61
33 years$1,678$1,158$781$516$336$52
34 years$1,611$1,098$730$475$304$44
35 years$1,548$1,041$682$437$276$37
36 years$1,488$988$638$403$250$31
37 years$1,432$939$597$371$226$26
38 years$1,379$892$559$342$205$22
39 years$1,329$848$524$315$186$19
40 years$1,281$807$491$291$169$16
41 years$1,236$768$461$268$153$13
42 years$1,193$732$432$248$139$11
43 years$1,152$697$405$229$126$10
44 years$1,113$664$381$211$114$8
45 years$1,076$634$357$195$104$7
46 years$1,041$604$336$180$94$6
47 years$1,007$577$315$166$86$5
48 years$975$551$296$154$78$4
49 years$944$526$278$142$71$4
50 years$915$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $937,000, adding $2,309 every year, while hoping to spend $24,552 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: 35/38/27 Blend
56$937,000$937,000$937,000$937,000
57$1,034,956$985,295$970,771$1,062,679
58$1,114,398$1,007,451$977,169$1,105,743
59$1,201,121$1,029,870$982,958$1,149,796
60$1,295,840$1,052,539$988,092$1,196,852
61$1,399,346$1,075,443$992,523$1,247,196
62$1,512,505$1,098,566$996,199$1,301,142
63$1,636,276$1,121,891$999,067$1,359,037
64$1,771,710$1,145,398$1,001,070$1,421,264
65$1,919,967$1,169,065$1,002,148$1,488,245
66$2,082,324$1,192,870$1,002,241$1,560,446
67$2,260,187$1,216,786$1,001,282$1,638,380
68$2,455,105$1,240,787$999,203$1,722,616
69$2,668,781$1,264,841$995,932$1,813,778
70$2,903,095$1,288,917$991,394$1,912,557
71$3,160,116$1,312,979$985,511$2,019,715
72$3,442,121$1,336,988$978,198$2,136,093
73$3,751,620$1,360,903$969,371$2,262,617
74$4,091,378$1,384,680$958,937$2,400,311
75$4,464,439$1,408,270$946,802$2,550,304
76$4,874,158$1,431,622$932,867$2,713,841
77$5,324,231$1,454,680$917,027$2,892,296
78$5,818,728$1,477,385$899,173$3,087,186
79$6,362,134$1,499,672$879,190$3,300,183
80$6,959,388$1,521,473$856,960$3,533,131
81$7,615,935$1,542,714$832,357$3,788,066
82$8,337,770$1,563,316$805,250$4,067,232
83$9,131,500$1,583,196$775,504$4,373,108
84$10,004,403$1,602,263$742,974$4,708,423
85$10,964,500$1,620,422$707,511$5,076,192
86$12,020,626$1,637,569$668,959$5,479,737
87$13,182,515$1,653,595$627,155$5,922,725
88$14,460,894$1,668,384$581,927$6,409,199
89$15,867,582$1,681,811$533,098$6,943,617
90$17,415,599$1,693,744$480,481$7,530,898
91$19,119,294$1,704,042$423,881$8,176,465
92$20,994,476$1,712,554$363,095$8,886,299
93$23,058,565$1,719,121$297,911$9,666,996
94$25,330,754$1,723,574$228,107$10,525,830
95$27,832,194$1,725,731$153,451$11,470,823
96$30,586,187$1,725,402$73,701$12,510,817
97$33,618,415$1,722,383$0$13,655,568
98$36,957,171$1,716,458$0$14,919,114
99$40,633,635$1,707,397$0$16,332,901
100$44,682,163$1,694,957$0$17,888,827