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%12.9%
1 years$78,037$77,342$76,664$76,002$75,356$74,445
2 years$38,632$37,913$37,215$36,539$35,884$34,967
3 years$25,499$24,776$24,081$23,411$22,766$21,872
4 years$18,934$18,213$17,525$16,866$16,237$15,373
5 years$14,996$14,279$13,600$12,955$12,343$11,511
6 years$12,371$11,660$10,991$10,360$9,767$8,967
7 years$10,497$9,792$9,133$8,518$7,943$7,177
8 years$9,092$8,394$7,746$7,145$6,589$5,857
9 years$8,000$7,308$6,671$6,086$5,549$4,850
10 years$7,127$6,442$5,816$5,246$4,728$4,061
11 years$6,413$5,735$5,121$4,566$4,066$3,431
12 years$5,818$5,147$4,544$4,005$3,524$2,920
13 years$5,316$4,652$4,060$3,536$3,073$2,500
14 years$4,885$4,228$3,648$3,139$2,694$2,150
15 years$4,513$3,863$3,294$2,799$2,372$1,857
16 years$4,187$3,544$2,986$2,506$2,096$1,609
17 years$3,900$3,264$2,717$2,252$1,859$1,399
18 years$3,645$3,016$2,481$2,029$1,653$1,218
19 years$3,417$2,795$2,271$1,834$1,473$1,064
20 years$3,212$2,597$2,084$1,661$1,316$930
21 years$3,027$2,419$1,917$1,507$1,177$815
22 years$2,859$2,258$1,767$1,370$1,055$715
23 years$2,705$2,112$1,631$1,248$947$628
24 years$2,565$1,979$1,509$1,138$852$552
25 years$2,436$1,857$1,397$1,040$766$486
26 years$2,318$1,745$1,296$951$690$428
27 years$2,208$1,643$1,203$870$622$377
28 years$2,106$1,548$1,119$797$561$332
29 years$2,012$1,460$1,041$731$507$293
30 years$1,924$1,379$970$671$458$259
31 years$1,841$1,304$904$616$414$229
32 years$1,764$1,233$843$566$375$202
33 years$1,692$1,168$788$521$339$178
34 years$1,625$1,107$736$479$307$158
35 years$1,561$1,050$688$441$278$139
36 years$1,501$997$644$406$252$123
37 years$1,444$947$602$374$228$109
38 years$1,391$900$564$345$207$96
39 years$1,340$855$529$318$188$85
40 years$1,292$814$495$293$170$76
41 years$1,246$775$464$271$154$67
42 years$1,203$738$436$250$140$59
43 years$1,162$703$409$231$127$52
44 years$1,123$670$384$213$115$46
45 years$1,085$639$360$197$105$41
46 years$1,050$610$338$182$95$36
47 years$1,016$582$318$168$86$32
48 years$983$555$299$155$78$28
49 years$952$530$281$143$71$25
50 years$923$507$264$132$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $945,000, adding $3,480 every year, while hoping to spend $32,987 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: 34/42/24 Blend
56$945,000$945,000$945,000$945,000
57$1,044,980$994,895$980,247$1,072,777
58$1,116,470$1,008,547$977,987$1,107,466
59$1,194,146$1,021,762$974,547$1,141,609
60$1,278,605$1,034,484$969,850$1,177,766
61$1,370,502$1,046,654$963,820$1,216,139
62$1,470,560$1,058,206$956,374$1,256,948
63$1,579,572$1,069,073$947,427$1,300,440
64$1,698,412$1,079,181$936,890$1,346,889
65$1,828,042$1,088,453$924,668$1,396,597
66$1,969,521$1,096,806$910,662$1,449,899
67$2,124,013$1,104,151$894,771$1,507,168
68$2,292,803$1,110,394$876,886$1,568,817
69$2,477,301$1,115,436$856,894$1,635,303
70$2,679,063$1,119,169$834,677$1,707,131
71$2,899,800$1,121,482$810,112$1,784,865
72$3,141,399$1,122,253$783,069$1,869,123
73$3,405,933$1,121,355$753,414$1,960,596
74$3,695,690$1,118,653$721,005$2,060,044
75$4,013,185$1,114,002$685,694$2,168,311
76$4,361,193$1,107,251$647,327$2,286,330
77$4,742,764$1,098,236$605,742$2,415,133
78$5,161,263$1,086,787$560,772$2,555,864
79$5,620,394$1,072,721$512,239$2,709,785
80$6,124,235$1,055,845$459,960$2,878,296
81$6,677,280$1,035,955$403,742$3,062,942
82$7,284,480$1,012,834$343,385$3,265,433
83$7,951,287$986,253$278,678$3,487,659
84$8,683,708$955,969$209,403$3,731,709
85$9,488,359$921,724$135,331$3,999,892
86$10,372,530$883,247$56,224$4,294,761
87$11,344,253$840,251$0$4,619,137
88$12,412,373$792,430$0$4,983,356
89$13,586,638$739,462$0$5,399,475
90$14,877,787$681,007$0$5,856,955
91$16,297,650$616,705$0$6,360,068
92$17,859,263$546,176$0$6,913,531
93$19,576,986$469,018$0$7,522,547
94$21,466,644$384,805$0$8,192,856
95$23,545,670$293,089$0$8,930,794
96$25,833,274$193,396$0$9,743,347
97$28,350,621$85,225$0$10,638,225
98$31,121,032$0$0$11,623,932
99$34,170,201$0$0$12,724,616
100$37,526,443$0$0$13,979,667