Can I retire at age 57 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$75,230$74,559$73,906$73,268$72,644$71,324
2 years$37,242$36,549$35,877$35,225$34,593$33,267
3 years$24,582$23,885$23,214$22,569$21,947$20,657
4 years$18,252$17,558$16,894$16,260$15,653$14,409
5 years$14,456$13,766$13,111$12,489$11,899$10,705
6 years$11,926$11,241$10,595$9,987$9,415$8,272
7 years$10,119$9,440$8,805$8,211$7,657$6,565
8 years$8,765$8,092$7,467$6,888$6,352$5,312
9 years$7,712$7,045$6,431$5,867$5,350$4,359
10 years$6,870$6,210$5,607$5,058$4,558$3,617
11 years$6,182$5,529$4,936$4,402$3,920$3,028
12 years$5,609$4,962$4,381$3,861$3,397$2,552
13 years$5,125$4,484$3,914$3,409$2,962$2,163
14 years$4,710$4,076$3,517$3,026$2,597$1,842
15 years$4,350$3,724$3,175$2,698$2,286$1,575
16 years$4,036$3,416$2,879$2,416$2,021$1,350
17 years$3,759$3,146$2,620$2,171$1,792$1,161
18 years$3,513$2,907$2,391$1,956$1,593$1,001
19 years$3,294$2,694$2,189$1,768$1,420$864
20 years$3,096$2,504$2,009$1,601$1,268$747
21 years$2,918$2,332$1,848$1,453$1,135$647
22 years$2,756$2,177$1,703$1,321$1,017$561
23 years$2,608$2,036$1,573$1,203$913$487
24 years$2,473$1,908$1,454$1,097$821$424
25 years$2,349$1,790$1,347$1,002$739$368
26 years$2,234$1,683$1,249$916$665$321
27 years$2,128$1,584$1,160$839$600$279
28 years$2,030$1,492$1,078$768$541$243
29 years$1,939$1,408$1,004$705$489$212
30 years$1,854$1,329$935$647$442$185
31 years$1,775$1,257$872$594$399$161
32 years$1,701$1,189$813$546$361$141
33 years$1,631$1,126$759$502$327$123
34 years$1,566$1,067$709$462$296$107
35 years$1,505$1,012$663$425$268$93
36 years$1,447$961$620$392$243$82
37 years$1,392$913$581$361$220$71
38 years$1,341$867$544$333$200$62
39 years$1,292$825$509$307$181$54
40 years$1,245$785$478$283$164$47
41 years$1,202$747$448$261$149$41
42 years$1,160$711$420$241$135$36
43 years$1,120$678$394$222$123$32
44 years$1,082$646$370$205$111$28
45 years$1,046$616$347$190$101$24
46 years$1,012$588$326$175$92$21
47 years$979$561$307$162$83$18
48 years$948$535$288$149$76$16
49 years$918$511$271$138$69$14
50 years$889$488$255$128$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $911,000, adding $3,177 every year, while hoping to spend $50,330 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: 49/38/13 Blend
56$911,000$911,000$911,000$911,000
57$1,007,199$958,916$944,796$1,052,809
58$1,056,383$952,352$922,895$1,077,955
59$1,108,896$943,780$898,575$1,099,749
60$1,165,026$933,048$871,700$1,122,296
61$1,225,086$919,995$842,129$1,145,682
62$1,289,421$904,451$809,717$1,170,006
63$1,358,409$886,235$774,309$1,195,379
64$1,432,464$865,158$735,745$1,221,928
65$1,512,040$841,015$693,858$1,249,794
66$1,597,637$813,594$648,471$1,279,139
67$1,689,803$782,668$599,402$1,310,144
68$1,789,141$747,996$546,460$1,343,013
69$1,896,310$709,325$489,443$1,377,975
70$2,012,038$666,386$428,144$1,415,287
71$2,137,123$618,896$362,344$1,455,238
72$2,272,442$566,555$291,815$1,498,151
73$2,418,960$509,044$216,319$1,544,390
74$2,577,736$446,030$135,608$1,594,359
75$2,749,937$377,157$49,423$1,648,513
76$2,936,845$302,052$0$1,707,358
77$3,139,869$220,318$0$1,777,362
78$3,360,560$131,539$0$1,860,955
79$3,600,626$35,273$0$1,952,020
80$3,861,943$0$0$2,051,383
81$4,146,577$0$0$2,188,795
82$4,456,801$0$0$2,354,727
83$4,795,117$0$0$2,535,777
84$5,164,278$0$0$2,733,432
85$5,567,316$0$0$2,949,326
86$6,007,567$0$0$3,185,260
87$6,488,703$0$0$3,443,215
88$7,014,769$0$0$3,725,372
89$7,590,216$0$0$4,034,135
90$8,219,947$0$0$4,372,147
91$8,909,359$0$0$4,742,323
92$9,664,398$0$0$5,147,869
93$10,491,609$0$0$5,592,319
94$11,398,200$0$0$6,079,562
95$12,392,112$0$0$6,613,885
96$13,482,088$0$0$7,200,006
97$14,677,761$0$0$7,843,123
98$15,989,738$0$0$8,548,964
99$17,429,704$0$0$9,323,834
100$19,010,531$0$0$10,174,681