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%
1 years$77,377$76,687$76,015$75,359$74,718$72,297
2 years$38,305$37,592$36,900$36,230$35,580$33,164
3 years$25,283$24,567$23,877$23,213$22,573$20,238
4 years$18,773$18,059$17,376$16,724$16,099$13,862
5 years$14,869$14,159$13,485$12,845$12,239$10,106
6 years$12,266$11,562$10,898$10,273$9,684$7,657
7 years$10,408$9,709$9,056$8,446$7,876$5,955
8 years$9,015$8,323$7,680$7,085$6,534$4,717
9 years$7,932$7,246$6,615$6,035$5,502$3,788
10 years$7,067$6,387$5,767$5,202$4,688$3,074
11 years$6,359$5,686$5,077$4,527$4,032$2,514
12 years$5,769$5,104$4,506$3,971$3,494$2,070
13 years$5,271$4,612$4,026$3,506$3,047$1,712
14 years$4,844$4,192$3,617$3,112$2,671$1,423
15 years$4,474$3,830$3,266$2,775$2,352$1,186
16 years$4,151$3,514$2,961$2,485$2,078$991
17 years$3,866$3,236$2,694$2,233$1,843$830
18 years$3,614$2,990$2,460$2,012$1,639$697
19 years$3,388$2,771$2,252$1,818$1,460$586
20 years$3,185$2,575$2,066$1,647$1,305$493
21 years$3,001$2,399$1,901$1,495$1,167$415
22 years$2,834$2,239$1,752$1,359$1,046$350
23 years$2,682$2,094$1,617$1,238$939$296
24 years$2,543$1,962$1,496$1,129$844$250
25 years$2,416$1,841$1,386$1,031$760$211
26 years$2,298$1,731$1,285$943$684$178
27 years$2,189$1,629$1,193$863$617$151
28 years$2,088$1,535$1,109$790$557$128
29 years$1,995$1,448$1,032$725$503$108
30 years$1,907$1,367$962$665$454$91
31 years$1,826$1,293$896$611$411$77
32 years$1,750$1,223$836$561$371$66
33 years$1,678$1,158$781$516$336$55
34 years$1,611$1,098$730$475$304$47
35 years$1,548$1,041$682$437$276$40
36 years$1,488$988$638$403$250$34
37 years$1,432$939$597$371$226$29
38 years$1,379$892$559$342$205$24
39 years$1,329$848$524$315$186$20
40 years$1,281$807$491$291$169$17
41 years$1,236$768$461$268$153$15
42 years$1,193$732$432$248$139$12
43 years$1,152$697$405$229$126$11
44 years$1,113$664$381$211$114$9
45 years$1,076$634$357$195$104$8
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$5
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 $6,281 every year, while hoping to spend $34,687 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: 38/39/23 Blend
56$937,000$937,000$937,000$937,000
57$1,039,053$989,392$974,868$1,071,190
58$1,108,130$1,000,965$970,620$1,106,687
59$1,183,089$1,011,943$965,066$1,141,324
60$1,264,496$1,022,260$958,128$1,178,064
61$1,352,969$1,031,846$949,719$1,217,117
62$1,449,191$1,040,625$939,754$1,258,717
63$1,553,911$1,048,518$928,138$1,303,124
64$1,667,955$1,055,440$914,776$1,350,626
65$1,792,231$1,061,301$899,565$1,401,542
66$1,927,739$1,066,005$882,401$1,456,226
67$2,075,578$1,069,450$863,172$1,515,072
68$2,236,961$1,071,526$841,761$1,578,513
69$2,413,219$1,072,119$818,048$1,647,033
70$2,605,820$1,071,106$791,906$1,721,165
71$2,816,380$1,068,356$763,201$1,801,501
72$3,046,677$1,063,732$731,794$1,888,697
73$3,298,670$1,057,087$697,541$1,983,478
74$3,574,514$1,048,264$660,289$2,086,648
75$3,876,586$1,037,100$619,880$2,199,096
76$4,207,499$1,023,419$576,147$2,321,806
77$4,570,133$1,007,036$528,918$2,455,867
78$4,967,661$987,755$478,010$2,602,484
79$5,403,574$965,367$423,236$2,762,989
80$5,881,721$939,652$364,396$2,938,858
81$6,406,339$910,378$301,286$3,131,719
82$6,982,095$877,296$233,688$3,343,376
83$7,614,131$840,146$161,379$3,575,821
84$8,308,111$798,651$84,124$3,831,258
85$9,070,272$752,519$1,676$4,112,120
86$9,907,488$701,441$0$4,421,099
87$10,827,330$645,090$0$4,782,349
88$11,838,138$583,119$0$5,179,791
89$12,949,101$515,164$0$5,616,709
90$14,170,341$440,839$0$6,097,185
91$15,513,011$359,736$0$6,625,721
92$16,989,398$271,423$0$7,207,287
93$18,613,040$175,446$0$7,847,363
94$20,398,851$71,324$0$8,552,000
95$22,363,264$0$0$9,327,869
96$24,524,384$0$0$10,200,122
97$26,902,161$0$0$11,193,644
98$29,518,575$0$0$12,287,028
99$32,397,843$0$0$13,490,414
100$35,566,650$0$0$14,814,974