Can I retire at age 57 with 939,000?

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 $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%17%
1 years$77,542$76,851$76,177$75,519$74,877$72,743
2 years$38,387$37,672$36,979$36,307$35,656$33,522
3 years$25,337$24,619$23,928$23,263$22,622$20,555
4 years$18,813$18,098$17,413$16,759$16,134$14,151
5 years$14,900$14,189$13,514$12,873$12,265$10,370
6 years$12,292$11,586$10,921$10,294$9,705$7,901
7 years$10,430$9,730$9,075$8,464$7,892$6,179
8 years$9,034$8,340$7,697$7,100$6,548$4,924
9 years$7,949$7,262$6,629$6,048$5,514$3,978
10 years$7,082$6,401$5,779$5,213$4,698$3,248
11 years$6,372$5,698$5,088$4,537$4,041$2,674
12 years$5,781$5,115$4,516$3,979$3,502$2,216
13 years$5,282$4,622$4,034$3,513$3,053$1,846
14 years$4,854$4,201$3,625$3,119$2,677$1,544
15 years$4,484$3,838$3,273$2,781$2,357$1,296
16 years$4,160$3,521$2,967$2,490$2,083$1,091
17 years$3,875$3,243$2,700$2,238$1,847$921
18 years$3,621$2,997$2,465$2,017$1,642$779
19 years$3,395$2,777$2,256$1,822$1,464$660
20 years$3,191$2,581$2,071$1,650$1,307$559
21 years$3,007$2,404$1,905$1,498$1,170$475
22 years$2,840$2,244$1,756$1,362$1,049$404
23 years$2,688$2,099$1,621$1,240$941$343
24 years$2,549$1,966$1,499$1,131$846$292
25 years$2,421$1,845$1,388$1,033$761$249
26 years$2,303$1,734$1,288$945$686$212
27 years$2,194$1,632$1,196$865$618$181
28 years$2,093$1,538$1,112$792$558$154
29 years$1,999$1,451$1,034$726$504$132
30 years$1,911$1,370$964$667$455$112
31 years$1,830$1,295$898$612$412$96
32 years$1,753$1,226$838$563$372$82
33 years$1,682$1,161$783$517$337$70
34 years$1,614$1,100$731$476$305$60
35 years$1,551$1,043$684$438$276$51
36 years$1,491$990$639$404$250$44
37 years$1,435$941$599$372$227$37
38 years$1,382$894$561$343$206$32
39 years$1,331$850$525$316$187$27
40 years$1,284$809$492$292$169$23
41 years$1,238$770$462$269$153$20
42 years$1,195$733$433$248$139$17
43 years$1,155$699$406$229$126$14
44 years$1,116$666$381$212$115$12
45 years$1,079$635$358$195$104$11
46 years$1,043$606$336$180$95$9
47 years$1,009$578$316$167$86$8
48 years$977$552$297$154$78$7
49 years$946$527$279$142$71$6
50 years$917$503$262$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $939,000, adding $2,395 every year, while hoping to spend $35,636 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: 85/5/10 Blend
56$939,000$939,000$939,000$939,000
57$1,037,248$987,481$972,927$1,123,708
58$1,105,131$997,952$967,604$1,191,028
59$1,178,744$1,007,740$960,907$1,259,913
60$1,258,633$1,016,777$952,755$1,334,490
61$1,345,400$1,024,985$943,059$1,415,311
62$1,439,706$1,032,285$931,727$1,502,981
63$1,542,280$1,038,591$918,663$1,598,167
64$1,653,921$1,043,810$903,767$1,701,605
65$1,775,511$1,047,847$886,933$1,814,103
66$1,908,020$1,050,598$868,052$1,936,554
67$2,052,513$1,051,953$847,007$2,069,939
68$2,210,166$1,051,795$823,678$2,215,339
69$2,382,271$1,050,001$797,939$2,373,946
70$2,570,250$1,046,439$769,658$2,547,072
71$2,775,671$1,040,969$738,697$2,736,163
72$3,000,257$1,033,444$704,911$2,942,812
73$3,245,907$1,023,707$668,149$3,168,772
74$3,514,711$1,011,590$628,254$3,415,979
75$3,808,972$996,918$585,061$3,686,561
76$4,131,224$979,504$538,397$3,982,865
77$4,484,258$959,149$488,082$4,307,478
78$4,871,148$935,644$433,930$4,663,248
79$5,295,281$908,766$375,742$5,053,314
80$5,760,384$878,280$313,313$5,481,138
81$6,270,565$843,937$246,431$5,950,529
82$6,830,347$805,474$174,871$6,465,689
83$7,444,712$762,612$98,399$7,031,246
84$8,119,150$715,057$16,772$7,652,301
85$8,859,704$662,496$0$8,334,474
86$9,673,036$604,601$0$9,091,464
87$10,566,482$541,022$0$9,924,989
88$11,548,123$471,392$0$10,840,808
89$12,626,863$395,322$0$11,847,241
90$13,812,511$312,400$0$12,953,454
91$15,115,872$222,193$0$14,169,547
92$16,548,853$124,243$0$15,506,646
93$18,124,569$18,064$0$16,977,014
94$19,857,473$0$0$18,594,158
95$21,763,484$0$0$20,378,294
96$23,860,146$0$0$22,341,999
97$26,166,786$0$0$24,502,383
98$28,704,700$0$0$26,879,394
99$31,497,352$0$0$29,495,009
100$34,570,594$0$0$32,373,446