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%12.7%
1 years$77,377$76,687$76,015$75,359$74,718$73,876
2 years$38,305$37,592$36,900$36,230$35,580$34,732
3 years$25,283$24,567$23,877$23,213$22,573$21,747
4 years$18,773$18,059$17,376$16,724$16,099$15,300
5 years$14,869$14,159$13,485$12,845$12,239$11,468
6 years$12,266$11,562$10,898$10,273$9,684$8,944
7 years$10,408$9,709$9,056$8,446$7,876$7,166
8 years$9,015$8,323$7,680$7,085$6,534$5,855
9 years$7,932$7,246$6,615$6,035$5,502$4,854
10 years$7,067$6,387$5,767$5,202$4,688$4,069
11 years$6,359$5,686$5,077$4,527$4,032$3,443
12 years$5,769$5,104$4,506$3,971$3,494$2,933
13 years$5,271$4,612$4,026$3,506$3,047$2,514
14 years$4,844$4,192$3,617$3,112$2,671$2,166
15 years$4,474$3,830$3,266$2,775$2,352$1,873
16 years$4,151$3,514$2,961$2,485$2,078$1,625
17 years$3,866$3,236$2,694$2,233$1,843$1,414
18 years$3,614$2,990$2,460$2,012$1,639$1,234
19 years$3,388$2,771$2,252$1,818$1,460$1,079
20 years$3,185$2,575$2,066$1,647$1,305$945
21 years$3,001$2,399$1,901$1,495$1,167$829
22 years$2,834$2,239$1,752$1,359$1,046$729
23 years$2,682$2,094$1,617$1,238$939$641
24 years$2,543$1,962$1,496$1,129$844$564
25 years$2,416$1,841$1,386$1,031$760$497
26 years$2,298$1,731$1,285$943$684$439
27 years$2,189$1,629$1,193$863$617$387
28 years$2,088$1,535$1,109$790$557$342
29 years$1,995$1,448$1,032$725$503$302
30 years$1,907$1,367$962$665$454$267
31 years$1,826$1,293$896$611$411$236
32 years$1,750$1,223$836$561$371$209
33 years$1,678$1,158$781$516$336$185
34 years$1,611$1,098$730$475$304$164
35 years$1,548$1,041$682$437$276$145
36 years$1,488$988$638$403$250$129
37 years$1,432$939$597$371$226$114
38 years$1,379$892$559$342$205$101
39 years$1,329$848$524$315$186$89
40 years$1,281$807$491$291$169$79
41 years$1,236$768$461$268$153$70
42 years$1,193$732$432$248$139$62
43 years$1,152$697$405$229$126$55
44 years$1,113$664$381$211$114$49
45 years$1,076$634$357$195$104$43
46 years$1,041$604$336$180$94$39
47 years$1,007$577$315$166$86$34
48 years$975$551$296$154$78$30
49 years$944$526$278$142$71$27
50 years$915$502$262$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $937,000, adding $6,456 every year, while hoping to spend $47,464 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: 58/25/17 Blend
56$937,000$937,000$937,000$937,000
57$1,039,233$989,572$975,049$1,094,549
58$1,094,734$987,560$957,212$1,130,769
59$1,154,305$983,858$937,186$1,164,478
60$1,218,311$978,334$914,849$1,200,141
61$1,287,153$970,847$890,071$1,237,956
62$1,361,271$961,247$862,717$1,278,140
63$1,441,148$949,376$832,645$1,320,937
64$1,527,315$935,065$799,709$1,366,615
65$1,620,355$918,137$763,753$1,415,473
66$1,720,908$898,403$724,616$1,467,844
67$1,829,680$875,664$682,129$1,524,095
68$1,947,442$849,707$636,116$1,584,635
69$2,075,048$820,309$586,392$1,649,917
70$2,213,432$787,232$532,765$1,720,442
71$2,363,622$750,228$475,033$1,796,768
72$2,526,752$709,029$412,987$1,879,512
73$2,704,065$663,355$346,406$1,969,357
74$2,896,930$612,911$275,062$2,067,061
75$3,106,855$557,382$198,715$2,173,461
76$3,335,498$496,436$117,114$2,289,489
77$3,584,681$429,725$30,001$2,416,171
78$3,856,414$356,877$0$2,554,646
79$4,152,906$277,501$0$2,717,596
80$4,476,588$191,184$0$2,901,544
81$4,830,139$97,491$0$3,102,638
82$5,216,506$0$0$3,322,641
83$5,638,933$0$0$3,564,612
84$6,100,993$0$0$3,858,696
85$6,606,621$0$0$4,180,588
86$7,160,148$0$0$4,533,054
87$7,766,343$0$0$4,919,142
88$8,430,460$0$0$5,342,208
89$9,158,284$0$0$5,805,948
90$9,956,184$0$0$6,314,432
91$10,831,179$0$0$6,872,146
92$11,790,997$0$0$7,484,025
93$12,844,149$0$0$8,155,510
94$14,000,013$0$0$8,892,593
95$15,268,917$0$0$9,701,872
96$16,662,237$0$0$10,590,618
97$18,192,506$0$0$11,566,839
98$19,873,530$0$0$12,639,359
99$21,720,519$0$0$13,817,895
100$23,750,227$0$0$15,113,156