Can I retire at age 57 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$78,037$77,342$76,664$76,002$75,356$72,711
2 years$38,632$37,913$37,215$36,539$35,884$33,247
3 years$25,499$24,776$24,081$23,411$22,766$20,220
4 years$18,934$18,213$17,525$16,866$16,237$13,801
5 years$14,996$14,279$13,600$12,955$12,343$10,024
6 years$12,371$11,660$10,991$10,360$9,767$7,566
7 years$10,497$9,792$9,133$8,518$7,943$5,860
8 years$9,092$8,394$7,746$7,145$6,589$4,623
9 years$8,000$7,308$6,671$6,086$5,549$3,697
10 years$7,127$6,442$5,816$5,246$4,728$2,987
11 years$6,413$5,735$5,121$4,566$4,066$2,432
12 years$5,818$5,147$4,544$4,005$3,524$1,993
13 years$5,316$4,652$4,060$3,536$3,073$1,641
14 years$4,885$4,228$3,648$3,139$2,694$1,357
15 years$4,513$3,863$3,294$2,799$2,372$1,125
16 years$4,187$3,544$2,986$2,506$2,096$936
17 years$3,900$3,264$2,717$2,252$1,859$780
18 years$3,645$3,016$2,481$2,029$1,653$651
19 years$3,417$2,795$2,271$1,834$1,473$544
20 years$3,212$2,597$2,084$1,661$1,316$456
21 years$3,027$2,419$1,917$1,507$1,177$382
22 years$2,859$2,258$1,767$1,370$1,055$320
23 years$2,705$2,112$1,631$1,248$947$269
24 years$2,565$1,979$1,509$1,138$852$226
25 years$2,436$1,857$1,397$1,040$766$190
26 years$2,318$1,745$1,296$951$690$160
27 years$2,208$1,643$1,203$870$622$134
28 years$2,106$1,548$1,119$797$561$113
29 years$2,012$1,460$1,041$731$507$95
30 years$1,924$1,379$970$671$458$80
31 years$1,841$1,304$904$616$414$67
32 years$1,764$1,233$843$566$375$57
33 years$1,692$1,168$788$521$339$48
34 years$1,625$1,107$736$479$307$40
35 years$1,561$1,050$688$441$278$34
36 years$1,501$997$644$406$252$28
37 years$1,444$947$602$374$228$24
38 years$1,391$900$564$345$207$20
39 years$1,340$855$529$318$188$17
40 years$1,292$814$495$293$170$14
41 years$1,246$775$464$271$154$12
42 years$1,203$738$436$250$140$10
43 years$1,162$703$409$231$127$9
44 years$1,123$670$384$213$115$7
45 years$1,085$639$360$197$105$6
46 years$1,050$610$338$182$95$5
47 years$1,016$582$318$168$86$4
48 years$983$555$299$155$78$4
49 years$952$530$281$143$71$3
50 years$923$507$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $945,000, adding $6,319 every year, while hoping to spend $41,149 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: 65/18/17 Blend
56$945,000$945,000$945,000$945,000
57$1,047,908$997,823$983,176$1,111,238
58$1,111,012$1,002,934$972,330$1,159,564
59$1,179,174$1,006,917$959,741$1,207,040
60$1,252,866$1,009,672$945,309$1,257,925
61$1,332,607$1,011,094$928,925$1,312,552
62$1,418,968$1,011,073$910,479$1,371,290
63$1,512,577$1,009,489$889,854$1,434,545
64$1,614,123$1,006,217$866,928$1,502,767
65$1,724,365$1,001,124$841,572$1,576,451
66$1,844,139$994,068$813,653$1,656,146
67$1,974,362$984,898$783,031$1,742,456
68$2,116,045$973,456$749,561$1,836,050
69$2,270,299$959,572$713,088$1,937,665
70$2,438,347$943,069$673,454$2,048,114
71$2,621,535$923,756$630,491$2,168,298
72$2,821,344$901,432$584,025$2,299,209
73$3,039,404$875,886$533,873$2,441,943
74$3,277,511$846,891$479,845$2,597,709
75$3,537,639$814,211$421,742$2,767,843
76$3,821,964$777,593$359,356$2,953,818
77$4,132,879$736,770$292,470$3,157,262
78$4,473,022$691,461$220,857$3,379,970
79$4,845,295$641,367$144,280$3,623,923
80$5,252,894$586,174$62,493$3,891,309
81$5,699,340$525,547$0$4,184,541
82$6,188,510$459,135$0$4,510,779
83$6,724,671$386,566$0$4,880,853
84$7,312,526$307,447$0$5,286,710
85$7,957,253$221,361$0$5,731,981
86$8,664,557$127,872$0$6,220,667
87$9,440,718$26,514$0$6,757,182
88$10,292,658$0$0$7,346,388
89$11,227,999$0$0$8,010,129
90$12,255,138$0$0$8,744,846
91$13,383,324$0$0$9,551,910
92$14,622,748$0$0$10,438,620
93$15,984,633$0$0$11,413,015
94$17,481,348$0$0$12,483,954
95$19,126,515$0$0$13,661,192
96$20,935,145$0$0$14,955,481
97$22,923,773$0$0$16,378,663
98$25,110,618$0$0$17,943,789
99$27,515,753$0$0$19,665,235
100$30,161,293$0$0$21,558,840