Can I retire at age 57 with 943,000?

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 $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%11.1%
1 years$77,872$77,178$76,502$75,841$75,196$74,848
2 years$38,551$37,833$37,137$36,462$35,808$35,456
3 years$25,445$24,724$24,030$23,362$22,718$22,374
4 years$18,894$18,175$17,488$16,831$16,203$15,869
5 years$14,964$14,249$13,571$12,928$12,317$11,994
6 years$12,345$11,636$10,967$10,338$9,746$9,435
7 years$10,475$9,772$9,114$8,500$7,926$7,627
8 years$9,073$8,376$7,729$7,130$6,575$6,288
9 years$7,983$7,293$6,657$6,073$5,537$5,262
10 years$7,112$6,428$5,804$5,235$4,718$4,454
11 years$6,399$5,723$5,110$4,556$4,058$3,806
12 years$5,806$5,136$4,535$3,996$3,516$3,275
13 years$5,305$4,642$4,052$3,528$3,066$2,836
14 years$4,875$4,219$3,640$3,132$2,688$2,469
15 years$4,503$3,854$3,287$2,793$2,367$2,158
16 years$4,178$3,536$2,980$2,501$2,092$1,893
17 years$3,891$3,257$2,712$2,247$1,855$1,666
18 years$3,637$3,009$2,475$2,025$1,649$1,470
19 years$3,409$2,789$2,266$1,830$1,470$1,300
20 years$3,205$2,592$2,080$1,657$1,313$1,152
21 years$3,020$2,414$1,913$1,504$1,175$1,023
22 years$2,853$2,254$1,763$1,368$1,053$910
23 years$2,700$2,108$1,628$1,245$945$810
24 years$2,560$1,975$1,505$1,136$850$722
25 years$2,431$1,853$1,394$1,037$765$644
26 years$2,313$1,742$1,293$949$689$575
27 years$2,203$1,639$1,201$868$621$514
28 years$2,102$1,545$1,116$795$560$460
29 years$2,007$1,457$1,039$729$506$412
30 years$1,920$1,376$968$669$457$369
31 years$1,837$1,301$902$615$413$331
32 years$1,761$1,231$842$565$374$296
33 years$1,689$1,166$786$520$338$266
34 years$1,621$1,105$734$478$306$239
35 years$1,558$1,048$687$440$277$214
36 years$1,498$995$642$405$251$192
37 years$1,441$945$601$373$228$173
38 years$1,388$898$563$344$207$155
39 years$1,337$854$527$317$187$139
40 years$1,289$812$494$293$170$125
41 years$1,244$773$464$270$154$112
42 years$1,201$736$435$249$140$101
43 years$1,160$702$408$230$127$91
44 years$1,120$669$383$212$115$82
45 years$1,083$638$360$196$105$73
46 years$1,048$608$338$181$95$66
47 years$1,014$581$317$167$86$59
48 years$981$554$298$155$78$53
49 years$950$529$280$143$71$48
50 years$921$506$263$132$65$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $943,000, adding $4,257 every year, while hoping to spend $34,556 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: 62/16/22 Blend
56$943,000$943,000$943,000$943,000
57$1,043,577$993,598$978,982$1,102,026
58$1,113,255$1,005,517$975,010$1,153,959
59$1,188,881$1,016,862$969,748$1,206,428
60$1,271,027$1,027,568$963,114$1,262,936
61$1,360,319$1,037,566$955,026$1,323,879
62$1,457,448$1,046,784$945,396$1,389,699
63$1,563,173$1,055,141$934,132$1,460,879
64$1,678,330$1,062,556$921,138$1,537,955
65$1,803,837$1,068,939$906,314$1,621,517
66$1,940,708$1,074,196$889,554$1,712,217
67$2,090,054$1,078,226$870,749$1,810,774
68$2,253,103$1,080,923$849,783$1,917,981
69$2,431,204$1,082,172$826,534$2,034,714
70$2,625,842$1,081,854$800,878$2,161,939
71$2,838,653$1,079,840$772,683$2,300,723
72$3,071,437$1,075,993$741,809$2,452,241
73$3,326,177$1,070,170$708,113$2,617,791
74$3,605,056$1,062,218$671,444$2,798,805
75$3,910,479$1,051,974$631,645$2,996,863
76$4,245,093$1,039,265$588,550$3,213,707
77$4,611,813$1,023,910$541,987$3,451,259
78$5,013,851$1,005,715$491,776$3,711,641
79$5,454,743$984,474$437,730$3,997,192
80$5,938,385$959,971$379,652$4,310,492
81$6,469,067$931,977$317,337$4,654,387
82$7,051,515$900,247$250,571$5,032,018
83$7,690,934$864,524$179,131$5,446,847
84$8,393,060$824,536$102,782$5,902,694
85$9,164,208$779,994$21,281$6,403,770
86$10,011,338$730,595$0$6,954,722
87$10,942,115$676,014$0$7,576,094
88$11,964,984$615,913$0$8,264,447
89$13,089,250$549,929$0$9,021,078
90$14,325,161$477,684$0$9,852,926
91$15,684,011$398,773$0$10,767,637
92$17,178,240$312,774$0$11,773,640
93$18,821,556$219,235$0$12,880,224
94$20,629,062$117,685$0$14,097,629
95$22,617,395$7,620$0$15,437,139
96$24,804,890$0$0$16,911,189
97$27,211,746$0$0$18,553,115
98$29,860,219$0$0$20,361,428
99$32,774,832$0$0$22,351,540
100$35,982,605$0$0$24,541,910