Can I retire at age 57 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$77,872$77,178$76,502$75,841$75,196$74,722
2 years$38,551$37,833$37,137$36,462$35,808$35,330
3 years$25,445$24,724$24,030$23,362$22,718$22,251
4 years$18,894$18,175$17,488$16,831$16,203$15,749
5 years$14,964$14,249$13,571$12,928$12,317$11,879
6 years$12,345$11,636$10,967$10,338$9,746$9,325
7 years$10,475$9,772$9,114$8,500$7,926$7,521
8 years$9,073$8,376$7,729$7,130$6,575$6,187
9 years$7,983$7,293$6,657$6,073$5,537$5,165
10 years$7,112$6,428$5,804$5,235$4,718$4,362
11 years$6,399$5,723$5,110$4,556$4,058$3,718
12 years$5,806$5,136$4,535$3,996$3,516$3,192
13 years$5,305$4,642$4,052$3,528$3,066$2,757
14 years$4,875$4,219$3,640$3,132$2,688$2,393
15 years$4,503$3,854$3,287$2,793$2,367$2,087
16 years$4,178$3,536$2,980$2,501$2,092$1,826
17 years$3,891$3,257$2,712$2,247$1,855$1,602
18 years$3,637$3,009$2,475$2,025$1,649$1,410
19 years$3,409$2,789$2,266$1,830$1,470$1,243
20 years$3,205$2,592$2,080$1,657$1,313$1,099
21 years$3,020$2,414$1,913$1,504$1,175$973
22 years$2,853$2,254$1,763$1,368$1,053$862
23 years$2,700$2,108$1,628$1,245$945$765
24 years$2,560$1,975$1,505$1,136$850$680
25 years$2,431$1,853$1,394$1,037$765$605
26 years$2,313$1,742$1,293$949$689$539
27 years$2,203$1,639$1,201$868$621$480
28 years$2,102$1,545$1,116$795$560$428
29 years$2,007$1,457$1,039$729$506$382
30 years$1,920$1,376$968$669$457$341
31 years$1,837$1,301$902$615$413$305
32 years$1,761$1,231$842$565$374$272
33 years$1,689$1,166$786$520$338$243
34 years$1,621$1,105$734$478$306$218
35 years$1,558$1,048$687$440$277$195
36 years$1,498$995$642$405$251$174
37 years$1,441$945$601$373$228$156
38 years$1,388$898$563$344$207$140
39 years$1,337$854$527$317$187$125
40 years$1,289$812$494$293$170$112
41 years$1,244$773$464$270$154$100
42 years$1,201$736$435$249$140$90
43 years$1,160$702$408$230$127$80
44 years$1,120$669$383$212$115$72
45 years$1,083$638$360$196$105$65
46 years$1,048$608$338$181$95$58
47 years$1,014$581$317$167$86$52
48 years$981$554$298$155$78$46
49 years$950$529$280$143$71$42
50 years$921$506$263$132$65$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $943,000, adding $5,293 every year, while hoping to spend $22,909 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: 32/48/20 Blend
56$943,000$943,000$943,000$943,000
57$1,044,646$994,667$980,050$1,071,452
58$1,126,825$1,019,030$988,507$1,116,322
59$1,216,618$1,043,820$996,479$1,162,165
60$1,314,778$1,069,032$1,003,926$1,211,064
61$1,422,134$1,094,663$1,010,806$1,263,301
62$1,539,597$1,120,707$1,017,074$1,319,186
63$1,668,172$1,147,158$1,022,682$1,379,059
64$1,808,965$1,174,009$1,027,582$1,443,297
65$1,963,195$1,201,250$1,031,720$1,512,315
66$2,132,202$1,228,872$1,035,044$1,586,569
67$2,317,463$1,256,864$1,037,495$1,666,562
68$2,520,606$1,285,212$1,039,013$1,752,850
69$2,743,423$1,313,902$1,039,534$1,846,044
70$2,987,887$1,342,918$1,038,994$1,946,818
71$3,256,172$1,372,242$1,037,321$2,055,915
72$3,550,673$1,401,854$1,034,443$2,174,156
73$3,874,028$1,431,731$1,030,283$2,302,442
74$4,229,143$1,461,850$1,024,762$2,441,771
75$4,619,219$1,492,183$1,017,794$2,593,239
76$5,047,781$1,522,702$1,009,292$2,758,059
77$5,518,714$1,553,375$999,163$2,937,564
78$6,036,299$1,584,166$987,311$3,133,226
79$6,605,250$1,615,038$973,634$3,346,668
80$7,230,761$1,645,950$958,026$3,579,680
81$7,918,555$1,676,858$940,377$3,834,234
82$8,674,937$1,707,714$920,569$4,112,505
83$9,506,854$1,738,465$898,481$4,416,892
84$10,421,959$1,769,056$873,986$4,750,039
85$11,428,685$1,799,426$846,951$5,114,863
86$12,536,323$1,829,510$817,236$5,514,578
87$13,755,111$1,859,239$784,696$5,952,730
88$15,096,328$1,888,537$749,179$6,433,226
89$16,572,401$1,917,324$710,525$6,960,375
90$18,197,027$1,945,513$668,568$7,538,931
91$19,985,292$1,973,012$623,134$8,174,130
92$21,953,824$1,999,722$574,041$8,871,749
93$24,120,942$2,025,536$521,099$9,638,155
94$26,506,833$2,050,342$464,111$10,480,369
95$29,133,740$2,074,019$402,868$11,406,132
96$32,026,172$2,096,437$337,155$12,423,976
97$35,211,137$2,117,458$266,746$13,543,310
98$38,718,396$2,136,935$191,404$14,774,506
99$42,580,739$2,154,712$110,883$16,128,997
100$46,834,304$2,170,622$24,927$17,619,390