Can I retire at age 57 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$75,064$74,396$73,743$73,107$72,485$70,848
2 years$37,161$36,468$35,798$35,147$34,517$32,876
3 years$24,528$23,833$23,164$22,519$21,899$20,306
4 years$18,212$17,519$16,857$16,224$15,618$14,086
5 years$14,424$13,735$13,082$12,462$11,873$10,404
6 years$11,900$11,216$10,572$9,966$9,395$7,992
7 years$10,097$9,419$8,785$8,193$7,640$6,304
8 years$8,746$8,074$7,451$6,873$6,338$5,067
9 years$7,695$7,030$6,417$5,854$5,338$4,132
10 years$6,855$6,196$5,595$5,047$4,548$3,405
11 years$6,169$5,516$4,926$4,392$3,912$2,830
12 years$5,597$4,951$4,371$3,852$3,390$2,369
13 years$5,113$4,474$3,905$3,401$2,956$1,993
14 years$4,699$4,067$3,509$3,019$2,591$1,685
15 years$4,341$3,715$3,168$2,692$2,281$1,429
16 years$4,027$3,409$2,872$2,411$2,016$1,216
17 years$3,751$3,139$2,614$2,166$1,788$1,037
18 years$3,506$2,901$2,386$1,952$1,590$887
19 years$3,286$2,689$2,184$1,764$1,417$760
20 years$3,089$2,498$2,005$1,598$1,266$652
21 years$2,911$2,327$1,844$1,450$1,133$560
22 years$2,750$2,172$1,699$1,318$1,015$481
23 years$2,602$2,032$1,569$1,201$911$414
24 years$2,467$1,904$1,451$1,095$819$357
25 years$2,344$1,786$1,344$1,000$737$308
26 years$2,229$1,679$1,247$914$664$265
27 years$2,124$1,580$1,158$837$599$229
28 years$2,026$1,489$1,076$767$540$198
29 years$1,935$1,405$1,001$703$488$171
30 years$1,850$1,326$933$645$441$148
31 years$1,771$1,254$870$593$398$128
32 years$1,697$1,187$811$545$360$110
33 years$1,628$1,124$758$501$326$95
34 years$1,563$1,065$708$461$295$82
35 years$1,501$1,010$662$424$267$71
36 years$1,444$959$619$391$242$62
37 years$1,389$911$579$360$220$53
38 years$1,338$865$543$332$199$46
39 years$1,289$823$508$306$181$40
40 years$1,243$783$476$282$164$35
41 years$1,199$745$447$260$149$30
42 years$1,157$710$419$240$135$26
43 years$1,118$676$393$222$122$22
44 years$1,080$645$369$205$111$19
45 years$1,044$615$347$189$101$17
46 years$1,010$586$326$175$92$15
47 years$977$560$306$161$83$13
48 years$946$534$287$149$75$11
49 years$916$510$270$138$69$9
50 years$888$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $909,000, adding $3,407 every year, while hoping to spend $40,894 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: 83/11/6 Blend
56$909,000$909,000$909,000$909,000
57$1,005,232$957,055$942,966$1,088,030
58$1,064,255$960,440$931,044$1,145,996
59$1,127,928$962,620$917,353$1,203,764
60$1,196,681$963,493$901,789$1,265,916
61$1,270,989$962,951$884,245$1,332,866
62$1,351,372$960,878$864,610$1,405,071
63$1,438,403$957,151$842,765$1,483,032
64$1,532,710$951,642$818,587$1,567,304
65$1,634,985$944,211$791,949$1,658,494
66$1,745,990$934,714$762,716$1,757,273
67$1,866,561$922,995$730,746$1,864,382
68$1,997,618$908,889$695,894$1,980,632
69$2,140,173$892,224$658,006$2,106,922
70$2,295,342$872,814$616,920$2,244,238
71$2,464,350$850,464$572,469$2,393,670
72$2,648,544$824,968$524,478$2,556,417
73$2,849,411$796,107$472,763$2,733,800
74$3,068,584$763,649$417,134$2,927,275
75$3,307,862$727,350$357,390$3,138,446
76$3,569,223$686,949$293,322$3,369,082
77$3,854,848$642,174$224,712$3,621,131
78$4,167,136$592,734$151,334$3,896,741
79$4,508,729$538,324$72,949$4,198,278
80$4,882,536$478,618$0$4,528,350
81$5,291,759$413,275$0$4,890,517
82$5,739,926$341,933$0$5,292,289
83$6,230,921$264,210$0$5,732,501
84$6,769,022$179,702$0$6,215,018
85$7,358,938$87,984$0$6,744,100
86$8,005,860$0$0$7,324,441
87$8,715,502$0$0$7,962,593
88$9,494,158$0$0$8,674,511
89$10,348,761$0$0$9,455,886
90$11,286,950$0$0$10,313,704
91$12,317,136$0$0$11,255,658
92$13,448,586$0$0$12,290,225
93$14,691,511$0$0$13,426,743
94$16,057,156$0$0$14,675,497
95$17,557,910$0$0$16,047,820
96$19,207,424$0$0$17,556,196
97$21,020,734$0$0$19,214,378
98$23,014,407$0$0$21,037,519
99$25,206,696$0$0$23,042,314
100$27,617,711$0$0$25,247,155