Can I retire at age 57 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,569$73,905$73,257$72,624$72,006$69,646
2 years$36,915$36,228$35,561$34,915$34,289$31,933
3 years$24,366$23,675$23,011$22,371$21,754$19,477
4 years$18,092$17,404$16,746$16,117$15,515$13,335
5 years$14,329$13,645$12,995$12,379$11,794$9,716
6 years$11,821$11,142$10,502$9,900$9,333$7,358
7 years$10,030$9,357$8,727$8,139$7,590$5,718
8 years$8,688$8,021$7,402$6,828$6,297$4,527
9 years$7,644$6,983$6,375$5,816$5,303$3,633
10 years$6,810$6,156$5,558$5,013$4,518$2,946
11 years$6,128$5,480$4,893$4,363$3,886$2,409
12 years$5,560$4,919$4,342$3,827$3,367$1,981
13 years$5,080$4,445$3,880$3,379$2,936$1,638
14 years$4,668$4,040$3,486$2,999$2,574$1,360
15 years$4,312$3,691$3,147$2,675$2,266$1,133
16 years$4,001$3,386$2,854$2,395$2,003$946
17 years$3,726$3,119$2,597$2,152$1,776$792
18 years$3,483$2,882$2,370$1,939$1,579$664
19 years$3,265$2,671$2,170$1,752$1,408$558
20 years$3,069$2,482$1,991$1,587$1,257$469
21 years$2,892$2,312$1,832$1,440$1,125$395
22 years$2,732$2,158$1,688$1,310$1,008$333
23 years$2,585$2,018$1,559$1,193$905$281
24 years$2,451$1,891$1,442$1,088$814$237
25 years$2,328$1,775$1,335$993$732$200
26 years$2,215$1,668$1,238$908$660$169
27 years$2,110$1,570$1,150$831$595$143
28 years$2,013$1,479$1,069$762$537$121
29 years$1,922$1,395$995$699$484$102
30 years$1,838$1,318$927$641$438$86
31 years$1,760$1,246$864$589$396$73
32 years$1,686$1,179$806$541$358$62
33 years$1,617$1,116$753$498$324$52
34 years$1,552$1,058$703$458$293$44
35 years$1,492$1,003$657$421$266$37
36 years$1,434$952$615$388$241$32
37 years$1,380$905$576$358$218$27
38 years$1,329$860$539$330$198$23
39 years$1,280$817$505$304$179$19
40 years$1,235$778$473$280$163$16
41 years$1,191$740$444$259$148$14
42 years$1,150$705$416$239$134$12
43 years$1,110$672$391$220$122$10
44 years$1,073$640$367$203$110$8
45 years$1,037$611$344$188$100$7
46 years$1,003$583$323$174$91$6
47 years$971$556$304$160$83$5
48 years$940$531$286$148$75$4
49 years$910$507$268$137$68$4
50 years$882$484$252$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $903,000, adding $3,409 every year, while hoping to spend $39,610 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: 36/37/27 Blend
56$903,000$903,000$903,000$903,000
57$998,622$950,763$936,767$1,026,369
58$1,058,337$955,206$926,004$1,051,697
59$1,122,815$958,539$913,553$1,075,181
60$1,192,501$960,666$899,315$1,099,767
61$1,267,882$961,484$883,188$1,125,579
62$1,349,494$960,886$865,064$1,152,760
63$1,437,929$958,755$844,829$1,181,466
64$1,533,833$954,970$822,366$1,211,875
65$1,637,921$949,400$797,552$1,244,185
66$1,750,976$941,907$770,257$1,278,617
67$1,873,861$932,347$740,347$1,315,420
68$2,007,525$920,562$707,679$1,354,870
69$2,153,014$906,390$672,107$1,397,277
70$2,311,474$889,657$633,476$1,442,986
71$2,484,171$870,177$591,624$1,492,382
72$2,672,497$847,756$546,384$1,545,895
73$2,877,983$822,186$497,578$1,604,003
74$3,102,314$793,250$445,024$1,667,239
75$3,347,346$760,716$388,529$1,736,195
76$3,615,123$724,338$327,892$1,811,532
77$3,907,892$683,858$262,903$1,893,981
78$4,228,131$639,001$193,344$1,984,359
79$4,578,566$589,478$118,987$2,083,570
80$4,962,199$534,981$39,592$2,192,621
81$5,382,336$475,188$0$2,312,629
82$5,842,618$409,755$0$2,457,834
83$6,347,053$338,322$0$2,629,627
84$6,900,059$260,506$0$2,818,193
85$7,506,498$175,904$0$3,025,303
86$8,171,726$84,089$0$3,252,916
87$8,901,645$0$0$3,503,199
88$9,702,751$0$0$3,784,808
89$10,582,204$0$0$4,131,674
90$11,547,890$0$0$4,512,686
91$12,608,493$0$0$4,931,288
92$13,773,584$0$0$5,391,274
93$15,053,703$0$0$5,896,824
94$16,460,464$0$0$6,452,543
95$18,006,660$0$0$7,063,504
96$19,706,386$0$0$7,735,296
97$21,575,169$0$0$8,474,077
98$23,630,119$0$0$9,286,632
99$25,890,083$0$0$10,180,436
100$28,375,829$0$0$11,163,725