Can I retire at age 57 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$74,404$73,741$73,094$72,463$71,847$71,245
2 years$36,834$36,148$35,483$34,838$34,213$33,606
3 years$24,312$23,623$22,960$22,321$21,706$21,113
4 years$18,052$17,365$16,709$16,081$15,481$14,907
5 years$14,297$13,615$12,967$12,352$11,768$11,215
6 years$11,795$11,117$10,479$9,878$9,312$8,779
7 years$10,008$9,336$8,708$8,121$7,573$7,062
8 years$8,669$8,003$7,385$6,813$6,283$5,792
9 years$7,628$6,968$6,361$5,803$5,291$4,822
10 years$6,795$6,142$5,546$5,002$4,508$4,060
11 years$6,114$5,468$4,882$4,353$3,877$3,449
12 years$5,548$4,908$4,333$3,818$3,360$2,952
13 years$5,068$4,435$3,871$3,371$2,930$2,542
14 years$4,658$4,031$3,478$2,993$2,568$2,199
15 years$4,302$3,683$3,140$2,669$2,261$1,911
16 years$3,992$3,379$2,847$2,390$1,999$1,666
17 years$3,718$3,112$2,591$2,147$1,772$1,457
18 years$3,475$2,875$2,365$1,935$1,576$1,278
19 years$3,258$2,665$2,165$1,748$1,404$1,123
20 years$3,062$2,476$1,987$1,583$1,254$989
21 years$2,886$2,307$1,828$1,437$1,123$872
22 years$2,726$2,153$1,685$1,307$1,006$770
23 years$2,579$2,014$1,555$1,190$903$681
24 years$2,446$1,887$1,438$1,085$812$603
25 years$2,323$1,771$1,332$991$731$534
26 years$2,210$1,664$1,236$906$658$474
27 years$2,105$1,566$1,147$830$593$421
28 years$2,008$1,476$1,067$760$535$374
29 years$1,918$1,392$993$697$483$332
30 years$1,834$1,315$925$640$437$295
31 years$1,756$1,243$862$587$395$263
32 years$1,682$1,176$804$540$357$234
33 years$1,614$1,114$751$496$323$208
34 years$1,549$1,056$702$457$293$185
35 years$1,488$1,001$656$421$265$165
36 years$1,431$950$614$387$240$147
37 years$1,377$903$574$357$218$131
38 years$1,326$858$538$329$197$117
39 years$1,278$816$504$303$179$104
40 years$1,232$776$472$280$162$93
41 years$1,188$739$443$258$147$83
42 years$1,147$704$415$238$134$74
43 years$1,108$670$390$220$121$66
44 years$1,071$639$366$203$110$59
45 years$1,035$609$344$187$100$52
46 years$1,001$581$323$173$91$47
47 years$969$555$303$160$82$42
48 years$938$530$285$148$75$37
49 years$908$506$268$137$68$33
50 years$880$483$252$126$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $901,000, adding $5,920 every year, while hoping to spend $53,103 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: 62/10/28 Blend
56$901,000$901,000$901,000$901,000
57$999,008$951,255$937,290$1,053,109
58$1,044,406$941,366$912,188$1,080,678
59$1,092,655$929,212$884,465$1,104,484
60$1,143,989$914,626$853,978$1,129,348
61$1,198,665$897,433$820,576$1,155,382
62$1,256,965$877,443$784,101$1,182,714
63$1,319,197$854,459$744,390$1,211,487
64$1,385,698$828,270$701,270$1,241,859
65$1,456,838$798,655$654,562$1,274,008
66$1,533,023$765,377$604,078$1,308,132
67$1,614,699$728,187$549,621$1,344,453
68$1,702,352$686,822$490,987$1,383,217
69$1,796,519$641,004$427,963$1,424,699
70$1,897,788$590,437$360,323$1,469,206
71$2,006,803$534,809$287,835$1,517,079
72$2,124,275$473,793$210,256$1,568,696
73$2,250,982$407,039$127,329$1,624,480
74$2,387,778$334,180$38,791$1,684,901
75$2,535,604$254,828$0$1,750,479
76$2,695,494$168,572$0$1,838,433
77$2,868,581$74,980$0$1,946,216
78$3,056,115$0$0$2,063,032
79$3,259,468$0$0$2,192,672
80$3,480,150$0$0$2,342,369
81$3,719,820$0$0$2,505,006
82$3,980,304$0$0$2,681,828
83$4,263,611$0$0$2,874,208
84$4,571,950$0$0$3,083,654
85$4,907,754$0$0$3,311,826
86$5,273,698$0$0$3,560,551
87$5,672,728$0$0$3,831,840
88$6,108,083$0$0$4,127,906
89$6,583,331$0$0$4,451,186
90$7,102,400$0$0$4,804,360
91$7,669,612$0$0$5,190,381
92$8,289,727$0$0$5,612,500
93$8,967,986$0$0$6,074,294
94$9,710,156$0$0$6,579,706
95$10,522,593$0$0$7,133,073
96$11,412,290$0$0$7,739,174
97$12,386,954$0$0$8,403,271
98$13,455,067$0$0$9,131,159
99$14,625,974$0$0$9,929,220
100$15,909,966$0$0$10,804,484