Can I retire at age 57 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$77,459$76,769$76,096$75,439$74,797$72,115
2 years$38,346$37,632$36,940$36,269$35,618$32,944
3 years$25,310$24,593$23,903$23,238$22,597$20,017
4 years$18,793$18,078$17,395$16,741$16,117$13,649
5 years$14,884$14,174$13,499$12,859$12,252$9,903
6 years$12,279$11,574$10,909$10,283$9,694$7,466
7 years$10,419$9,720$9,066$8,455$7,884$5,777
8 years$9,025$8,332$7,688$7,092$6,541$4,552
9 years$7,941$7,254$6,622$6,041$5,508$3,635
10 years$7,074$6,394$5,773$5,208$4,693$2,933
11 years$6,365$5,692$5,083$4,532$4,036$2,385
12 years$5,775$5,109$4,511$3,975$3,498$1,952
13 years$5,276$4,617$4,030$3,510$3,050$1,605
14 years$4,849$4,197$3,621$3,115$2,674$1,325
15 years$4,479$3,834$3,269$2,778$2,354$1,097
16 years$4,156$3,518$2,964$2,488$2,081$911
17 years$3,871$3,240$2,697$2,235$1,845$758
18 years$3,618$2,993$2,462$2,014$1,640$632
19 years$3,391$2,774$2,254$1,820$1,462$528
20 years$3,188$2,578$2,069$1,649$1,306$441
21 years$3,004$2,401$1,903$1,496$1,169$369
22 years$2,837$2,242$1,754$1,360$1,048$309
23 years$2,685$2,096$1,619$1,239$940$259
24 years$2,546$1,964$1,497$1,130$845$217
25 years$2,418$1,843$1,387$1,032$761$182
26 years$2,300$1,732$1,286$944$685$153
27 years$2,192$1,630$1,194$864$618$128
28 years$2,091$1,536$1,110$791$557$108
29 years$1,997$1,449$1,033$726$503$91
30 years$1,909$1,369$963$666$455$76
31 years$1,828$1,294$897$612$411$64
32 years$1,751$1,224$837$562$372$54
33 years$1,680$1,159$782$517$337$45
34 years$1,613$1,099$730$476$305$38
35 years$1,549$1,042$683$438$276$32
36 years$1,490$989$639$403$250$27
37 years$1,434$940$598$371$227$23
38 years$1,380$893$560$342$205$19
39 years$1,330$849$525$316$186$16
40 years$1,282$808$492$291$169$13
41 years$1,237$769$461$269$153$11
42 years$1,194$732$432$248$139$9
43 years$1,153$698$406$229$126$8
44 years$1,114$665$381$211$115$7
45 years$1,077$634$358$195$104$6
46 years$1,042$605$336$180$94$5
47 years$1,008$577$316$167$86$4
48 years$976$551$297$154$78$3
49 years$945$526$279$142$71$3
50 years$916$503$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $938,000, adding $5,353 every year, while hoping to spend $35,960 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: 34/46/20 Blend
56$938,000$938,000$938,000$938,000
57$1,039,198$989,484$974,945$1,068,000
58$1,106,935$999,707$969,344$1,099,954
59$1,180,376$1,009,226$962,351$1,130,696
60$1,260,064$1,017,969$953,880$1,163,101
61$1,346,599$1,025,857$943,843$1,197,337
62$1,440,637$1,032,810$932,147$1,233,594
63$1,542,903$1,038,738$918,695$1,272,078
64$1,654,193$1,043,550$903,385$1,313,023
65$1,775,382$1,047,146$886,110$1,356,688
66$1,907,436$1,049,420$866,759$1,403,359
67$2,051,414$1,050,262$845,215$1,453,356
68$2,208,485$1,049,551$821,356$1,507,035
69$2,379,933$1,047,162$795,055$1,564,789
70$2,567,174$1,042,961$766,177$1,627,056
71$2,771,765$1,036,805$734,583$1,694,323
72$2,995,420$1,028,544$700,127$1,767,129
73$3,240,028$1,018,017$662,656$1,846,073
74$3,507,666$1,005,056$622,010$1,931,818
75$3,800,624$989,479$578,024$2,025,102
76$4,121,422$971,098$530,522$2,126,741
77$4,472,835$949,710$479,322$2,237,639
78$4,857,920$925,101$424,235$2,358,800
79$5,280,042$897,045$365,061$2,491,335
80$5,742,908$865,303$301,593$2,636,474
81$6,250,603$829,621$233,614$2,795,580
82$6,807,623$789,730$160,899$2,970,163
83$7,418,922$745,349$83,210$3,161,892
84$8,089,957$696,175$302$3,372,617
85$8,826,737$641,893$0$3,604,384
86$9,635,885$582,166$0$3,878,273
87$10,524,694$516,641$0$4,179,263
88$11,501,198$444,942$0$4,510,120
89$12,574,250$366,674$0$4,873,967
90$13,753,602$281,419$0$5,274,257
91$15,049,995$188,735$0$5,714,802
92$16,475,267$88,155$0$6,199,810
93$18,042,457$0$0$6,733,930
94$19,765,932$0$0$7,332,827
95$21,661,520$0$0$8,040,764
96$23,746,661$0$0$8,819,651
97$26,040,570$0$0$9,676,683
98$28,564,418$0$0$10,619,793
99$31,341,532$0$0$11,657,716
100$34,397,612$0$0$12,800,080