Can I retire at age 57 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$74,817$74,150$73,500$72,865$72,246$70,045
2 years$37,038$36,348$35,680$35,031$34,403$32,205
3 years$24,447$23,754$23,087$22,445$21,826$19,700
4 years$18,152$17,462$16,801$16,170$15,567$13,528
5 years$14,377$13,690$13,039$12,420$11,834$9,888
6 years$11,860$11,179$10,537$9,933$9,364$7,513
7 years$10,064$9,388$8,756$8,166$7,615$5,859
8 years$8,717$8,047$7,426$6,850$6,317$4,655
9 years$7,670$7,007$6,396$5,835$5,320$3,750
10 years$6,833$6,176$5,576$5,030$4,533$3,052
11 years$6,148$5,498$4,909$4,377$3,899$2,505
12 years$5,578$4,935$4,357$3,840$3,378$2,069
13 years$5,096$4,460$3,893$3,390$2,946$1,717
14 years$4,684$4,054$3,497$3,009$2,583$1,432
15 years$4,326$3,703$3,158$2,684$2,274$1,198
16 years$4,014$3,398$2,863$2,403$2,010$1,005
17 years$3,739$3,129$2,605$2,159$1,782$845
18 years$3,494$2,891$2,378$1,946$1,584$712
19 years$3,276$2,680$2,177$1,758$1,412$600
20 years$3,079$2,490$1,998$1,592$1,261$507
21 years$2,902$2,319$1,838$1,445$1,129$429
22 years$2,741$2,165$1,694$1,314$1,012$363
23 years$2,594$2,025$1,564$1,197$908$308
24 years$2,459$1,897$1,446$1,091$816$261
25 years$2,336$1,780$1,340$997$735$221
26 years$2,222$1,673$1,242$911$662$188
27 years$2,117$1,575$1,154$834$597$160
28 years$2,019$1,484$1,073$764$538$136
29 years$1,929$1,400$998$701$486$115
30 years$1,844$1,322$930$643$439$98
31 years$1,765$1,250$867$591$397$83
32 years$1,692$1,183$809$543$359$71
33 years$1,623$1,120$755$499$325$60
34 years$1,558$1,061$705$459$294$51
35 years$1,496$1,007$660$423$267$44
36 years$1,439$956$617$389$242$37
37 years$1,385$908$578$359$219$31
38 years$1,333$863$541$331$198$27
39 years$1,285$820$507$305$180$23
40 years$1,239$780$475$281$163$19
41 years$1,195$743$445$260$148$16
42 years$1,153$707$418$239$134$14
43 years$1,114$674$392$221$122$12
44 years$1,076$642$368$204$111$10
45 years$1,041$613$345$189$100$9
46 years$1,007$584$324$174$91$7
47 years$974$558$305$161$83$6
48 years$943$532$286$149$75$5
49 years$913$508$269$137$68$5
50 years$885$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $906,000, adding $6,244 every year, while hoping to spend $56,294 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: 73/13/14 Blend
56$906,000$906,000$906,000$906,000
57$1,004,853$956,835$942,792$1,074,709
58$1,047,451$943,823$914,479$1,108,780
59$1,092,508$928,287$883,331$1,138,563
60$1,140,215$910,044$849,193$1,169,680
61$1,190,780$888,900$811,904$1,202,250
62$1,244,432$864,648$771,296$1,236,405
63$1,301,421$837,073$727,191$1,272,291
64$1,362,019$805,943$679,405$1,310,069
65$1,426,526$771,015$627,746$1,349,919
66$1,495,268$732,031$572,012$1,392,039
67$1,568,604$688,719$511,993$1,436,651
68$1,646,925$640,790$447,469$1,483,999
69$1,730,663$587,941$378,210$1,534,355
70$1,820,289$529,847$303,978$1,588,019
71$1,916,318$466,170$224,522$1,645,325
72$2,019,320$396,549$139,580$1,706,642
73$2,129,914$320,604$48,880$1,772,380
74$2,248,785$237,933$0$1,842,993
75$2,376,682$148,113$0$1,926,139
76$2,514,427$50,694$0$2,023,476
77$2,662,926$0$0$2,128,356
78$2,823,170$0$0$2,249,349
79$2,996,251$0$0$2,387,900
80$3,183,367$0$0$2,537,719
81$3,385,836$0$0$2,699,868
82$3,605,107$0$0$2,875,509
83$3,842,771$0$0$3,065,924
84$4,100,581$0$0$3,272,521
85$4,380,461$0$0$3,496,847
86$4,684,530$0$0$3,740,606
87$5,015,118$0$0$4,005,672
88$5,374,788$0$0$4,294,105
89$5,766,361$0$0$4,608,174
90$6,192,939$0$0$4,950,374
91$6,657,938$0$0$5,323,452
92$7,165,117$0$0$5,730,430
93$7,718,612$0$0$6,174,636
94$8,322,977$0$0$6,659,731
95$8,983,225$0$0$7,189,747
96$9,704,874$0$0$7,769,123
97$10,494,000$0$0$8,402,745
98$11,357,293$0$0$9,095,993
99$12,302,118$0$0$9,854,791
100$13,336,587$0$0$10,685,664