Can I retire at age 57 with 939,000?

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 $939,000?

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$77,542$76,851$76,177$75,519$74,877$74,034
2 years$38,387$37,672$36,979$36,307$35,656$34,807
3 years$25,337$24,619$23,928$23,263$22,622$21,793
4 years$18,813$18,098$17,413$16,759$16,134$15,332
5 years$14,900$14,189$13,514$12,873$12,265$11,493
6 years$12,292$11,586$10,921$10,294$9,705$8,963
7 years$10,430$9,730$9,075$8,464$7,892$7,182
8 years$9,034$8,340$7,697$7,100$6,548$5,867
9 years$7,949$7,262$6,629$6,048$5,514$4,864
10 years$7,082$6,401$5,779$5,213$4,698$4,078
11 years$6,372$5,698$5,088$4,537$4,041$3,450
12 years$5,781$5,115$4,516$3,979$3,502$2,940
13 years$5,282$4,622$4,034$3,513$3,053$2,520
14 years$4,854$4,201$3,625$3,119$2,677$2,170
15 years$4,484$3,838$3,273$2,781$2,357$1,877
16 years$4,160$3,521$2,967$2,490$2,083$1,629
17 years$3,875$3,243$2,700$2,238$1,847$1,417
18 years$3,621$2,997$2,465$2,017$1,642$1,237
19 years$3,395$2,777$2,256$1,822$1,464$1,081
20 years$3,191$2,581$2,071$1,650$1,307$947
21 years$3,007$2,404$1,905$1,498$1,170$831
22 years$2,840$2,244$1,756$1,362$1,049$730
23 years$2,688$2,099$1,621$1,240$941$642
24 years$2,549$1,966$1,499$1,131$846$565
25 years$2,421$1,845$1,388$1,033$761$498
26 years$2,303$1,734$1,288$945$686$440
27 years$2,194$1,632$1,196$865$618$388
28 years$2,093$1,538$1,112$792$558$343
29 years$1,999$1,451$1,034$726$504$303
30 years$1,911$1,370$964$667$455$268
31 years$1,830$1,295$898$612$412$237
32 years$1,753$1,226$838$563$372$210
33 years$1,682$1,161$783$517$337$185
34 years$1,614$1,100$731$476$305$164
35 years$1,551$1,043$684$438$276$145
36 years$1,491$990$639$404$250$129
37 years$1,435$941$599$372$227$114
38 years$1,382$894$561$343$206$101
39 years$1,331$850$525$316$187$90
40 years$1,284$809$492$292$169$79
41 years$1,238$770$462$269$153$70
42 years$1,195$733$433$248$139$62
43 years$1,155$699$406$229$126$55
44 years$1,116$666$381$212$115$49
45 years$1,079$635$358$195$104$44
46 years$1,043$606$336$180$95$39
47 years$1,009$578$316$167$86$34
48 years$977$552$297$154$78$30
49 years$946$527$279$142$71$27
50 years$917$503$262$132$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $939,000, adding $5,456 every year, while hoping to spend $38,931 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: 50/33/17 Blend
56$939,000$939,000$939,000$939,000
57$1,040,406$990,639$976,084$1,087,276
58$1,105,105$997,758$967,361$1,127,285
59$1,175,099$1,003,921$957,040$1,166,267
60$1,250,886$1,009,040$945,028$1,207,786
61$1,333,015$1,013,022$931,225$1,252,093
62$1,422,089$1,015,767$915,528$1,299,469
63$1,518,772$1,017,169$897,828$1,350,225
64$1,623,792$1,017,116$878,011$1,404,702
65$1,737,953$1,015,489$855,959$1,463,282
66$1,862,137$1,012,161$831,546$1,526,384
67$1,997,316$1,006,997$804,644$1,594,475
68$2,144,558$999,856$775,115$1,668,071
69$2,305,040$990,586$742,818$1,747,743
70$2,480,055$979,026$707,604$1,834,121
71$2,671,029$965,006$669,317$1,927,906
72$2,879,530$948,347$627,795$2,029,870
73$3,107,283$928,857$582,867$2,140,868
74$3,356,189$906,335$534,357$2,261,847
75$3,628,341$880,565$482,078$2,393,854
76$3,926,041$851,323$425,837$2,538,043
77$4,251,827$818,367$365,432$2,695,696
78$4,608,491$781,444$300,651$2,868,226
79$4,999,108$740,286$231,274$3,057,196
80$5,427,065$694,609$157,071$3,264,334
81$5,896,093$644,112$77,799$3,491,548
82$6,410,299$588,477$0$3,740,948
83$6,974,207$527,370$0$4,016,099
84$7,592,800$460,436$0$4,333,482
85$8,271,568$387,299$0$4,681,864
86$9,016,555$307,564$0$5,064,441
87$9,834,422$220,813$0$5,484,735
88$10,732,503$126,603$0$5,946,635
89$11,718,881$24,469$0$6,454,433
90$12,802,456$0$0$7,012,863
91$13,993,036$0$0$7,658,406
92$15,301,424$0$0$8,377,698
93$16,739,522$0$0$9,168,408
94$18,320,443$0$0$10,037,761
95$20,058,632$0$0$10,993,714
96$21,970,007$0$0$12,045,036
97$24,072,101$0$0$13,201,386
98$26,384,236$0$0$14,473,408
99$28,927,696$0$0$15,872,829
100$31,725,936$0$0$17,412,570