Can I retire at age 57 with 937,000?

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 $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%17.2%
1 years$77,377$76,687$76,015$75,359$74,718$72,529
2 years$38,305$37,592$36,900$36,230$35,580$33,393
3 years$25,283$24,567$23,877$23,213$22,573$20,456
4 years$18,773$18,059$17,376$16,724$16,099$14,069
5 years$14,869$14,159$13,485$12,845$12,239$10,299
6 years$12,266$11,562$10,898$10,273$9,684$7,838
7 years$10,408$9,709$9,056$8,446$7,876$6,123
8 years$9,015$8,323$7,680$7,085$6,534$4,874
9 years$7,932$7,246$6,615$6,035$5,502$3,933
10 years$7,067$6,387$5,767$5,202$4,688$3,207
11 years$6,359$5,686$5,077$4,527$4,032$2,637
12 years$5,769$5,104$4,506$3,971$3,494$2,182
13 years$5,271$4,612$4,026$3,506$3,047$1,815
14 years$4,844$4,192$3,617$3,112$2,671$1,517
15 years$4,474$3,830$3,266$2,775$2,352$1,271
16 years$4,151$3,514$2,961$2,485$2,078$1,069
17 years$3,866$3,236$2,694$2,233$1,843$901
18 years$3,614$2,990$2,460$2,012$1,639$760
19 years$3,388$2,771$2,252$1,818$1,460$643
20 years$3,185$2,575$2,066$1,647$1,305$545
21 years$3,001$2,399$1,901$1,495$1,167$462
22 years$2,834$2,239$1,752$1,359$1,046$392
23 years$2,682$2,094$1,617$1,238$939$333
24 years$2,543$1,962$1,496$1,129$844$283
25 years$2,416$1,841$1,386$1,031$760$241
26 years$2,298$1,731$1,285$943$684$205
27 years$2,189$1,629$1,193$863$617$174
28 years$2,088$1,535$1,109$790$557$148
29 years$1,995$1,448$1,032$725$503$126
30 years$1,907$1,367$962$665$454$108
31 years$1,826$1,293$896$611$411$92
32 years$1,750$1,223$836$561$371$78
33 years$1,678$1,158$781$516$336$67
34 years$1,611$1,098$730$475$304$57
35 years$1,548$1,041$682$437$276$48
36 years$1,488$988$638$403$250$41
37 years$1,432$939$597$371$226$35
38 years$1,379$892$559$342$205$30
39 years$1,329$848$524$315$186$26
40 years$1,281$807$491$291$169$22
41 years$1,236$768$461$268$153$19
42 years$1,193$732$432$248$139$16
43 years$1,152$697$405$229$126$14
44 years$1,113$664$381$211$114$12
45 years$1,076$634$357$195$104$10
46 years$1,041$604$336$180$94$8
47 years$1,007$577$315$166$86$7
48 years$975$551$296$154$78$6
49 years$944$526$278$142$71$5
50 years$915$502$262$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $937,000, adding $6,957 every year, while hoping to spend $36,162 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: 41/36/23 Blend
56$937,000$937,000$937,000$937,000
57$1,039,750$990,089$975,566$1,075,092
58$1,107,329$1,000,127$969,771$1,111,105
59$1,180,588$1,009,446$962,570$1,146,094
60$1,260,070$1,017,970$953,878$1,183,242
61$1,346,369$1,025,623$943,605$1,222,769
62$1,440,141$1,032,320$931,658$1,264,915
63$1,542,105$1,037,974$917,938$1,309,951
64$1,653,054$1,042,489$902,344$1,358,173
65$1,773,861$1,045,766$884,767$1,409,913
66$1,905,483$1,047,698$865,096$1,465,538
67$2,048,978$1,048,170$843,212$1,525,452
68$2,205,507$1,047,064$818,993$1,590,108
69$2,376,350$1,044,251$792,310$1,660,004
70$2,562,913$1,039,595$763,028$1,735,693
71$2,766,748$1,032,953$731,007$1,817,788
72$2,989,560$1,024,171$696,100$1,906,967
73$3,233,227$1,013,088$658,152$2,003,980
74$3,499,819$999,532$617,002$2,109,661
75$3,791,613$983,321$572,484$2,224,928
76$4,111,116$964,262$524,421$2,350,802
77$4,461,090$942,152$472,629$2,488,409
78$4,844,577$916,773$416,918$2,638,996
79$5,264,926$887,896$357,087$2,803,942
80$5,725,826$855,281$292,926$2,984,774
81$6,231,339$818,669$224,219$3,183,178
82$6,785,942$777,790$150,736$3,401,019
83$7,394,563$732,356$72,241$3,640,362
84$8,062,631$682,065$0$3,903,484
85$8,796,128$626,594$0$4,195,734
86$9,601,642$565,606$0$4,536,172
87$10,486,429$498,741$0$4,910,193
88$11,458,486$425,620$0$5,321,266
89$12,526,619$345,843$0$5,773,219
90$13,700,532$258,987$0$6,270,276
91$14,990,915$164,606$0$6,817,097
92$16,409,543$62,227$0$7,418,824
93$17,969,393$0$0$8,081,131
94$19,684,759$0$0$8,829,550
95$21,571,390$0$0$9,679,938
96$23,646,640$0$0$10,615,485
97$25,929,626$0$0$11,644,825
98$28,441,415$0$0$12,777,474
99$31,205,215$0$0$14,023,917
100$34,246,601$0$0$15,395,706