Can I retire at age 57 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$75,477$74,805$74,149$73,509$72,884$70,551
2 years$37,365$36,669$35,995$35,341$34,706$32,378
3 years$24,663$23,964$23,291$22,643$22,019$19,767
4 years$18,313$17,616$16,950$16,313$15,704$13,547
5 years$14,504$13,811$13,154$12,530$11,938$9,881
6 years$11,965$11,278$10,630$10,020$9,446$7,491
7 years$10,153$9,471$8,834$8,238$7,682$5,829
8 years$8,794$8,118$7,492$6,911$6,373$4,620
9 years$7,738$7,069$6,453$5,887$5,367$3,712
10 years$6,893$6,231$5,626$5,074$4,573$3,014
11 years$6,203$5,547$4,953$4,416$3,933$2,467
12 years$5,628$4,978$4,395$3,874$3,408$2,032
13 years$5,141$4,499$3,927$3,420$2,972$1,683
14 years$4,725$4,090$3,528$3,036$2,605$1,399
15 years$4,365$3,736$3,186$2,707$2,294$1,167
16 years$4,049$3,428$2,888$2,424$2,027$976
17 years$3,772$3,157$2,628$2,178$1,798$818
18 years$3,525$2,917$2,399$1,963$1,598$687
19 years$3,305$2,703$2,196$1,774$1,425$578
20 years$3,106$2,512$2,016$1,606$1,273$487
21 years$2,927$2,340$1,854$1,458$1,139$411
22 years$2,765$2,184$1,709$1,326$1,021$347
23 years$2,617$2,043$1,578$1,207$916$293
24 years$2,481$1,914$1,459$1,101$824$247
25 years$2,356$1,796$1,351$1,006$741$209
26 years$2,242$1,688$1,253$919$668$177
27 years$2,135$1,589$1,164$842$602$150
28 years$2,037$1,497$1,082$771$543$127
29 years$1,946$1,412$1,007$707$490$107
30 years$1,861$1,334$938$649$443$91
31 years$1,781$1,261$874$596$401$77
32 years$1,707$1,193$816$548$362$65
33 years$1,637$1,130$762$504$328$55
34 years$1,571$1,071$712$463$297$47
35 years$1,510$1,016$665$427$269$40
36 years$1,452$964$622$393$244$34
37 years$1,397$916$583$362$221$29
38 years$1,345$870$546$334$200$24
39 years$1,296$827$511$308$182$21
40 years$1,250$787$479$284$165$17
41 years$1,206$749$449$262$149$15
42 years$1,164$714$421$242$136$13
43 years$1,124$680$395$223$123$11
44 years$1,086$648$371$206$112$9
45 years$1,050$618$349$190$101$8
46 years$1,015$590$327$176$92$6
47 years$983$563$308$162$84$6
48 years$951$537$289$150$76$5
49 years$921$513$272$139$69$4
50 years$892$490$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $914,000, adding $6,909 every year, while hoping to spend $53,047 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: 35/37/28 Blend
56$914,000$914,000$914,000$914,000
57$1,014,355$965,913$951,746$1,041,102
58$1,061,377$956,801$927,188$1,052,613
59$1,111,418$945,464$900,029$1,059,768
60$1,164,729$931,739$870,126$1,066,465
61$1,221,587$915,449$837,330$1,072,701
62$1,282,292$896,410$801,485$1,078,476
63$1,347,177$874,425$762,425$1,083,793
64$1,416,604$849,286$719,981$1,088,663
65$1,490,970$820,774$673,974$1,093,102
66$1,570,714$788,656$624,216$1,097,134
67$1,656,312$752,686$570,513$1,100,791
68$1,748,291$712,603$512,661$1,104,117
69$1,847,228$668,132$450,446$1,107,166
70$1,953,755$618,980$383,646$1,110,004
71$2,068,569$564,841$312,028$1,112,713
72$2,192,433$505,388$235,351$1,115,391
73$2,326,186$440,277$153,361$1,118,155
74$2,470,751$369,145$65,792$1,121,144
75$2,627,142$291,607$0$1,124,519
76$2,796,472$207,257$0$1,136,733
77$2,979,967$115,668$0$1,171,256
78$3,178,973$16,385$0$1,208,753
79$3,394,972$0$0$1,249,610
80$3,629,593$0$0$1,331,337
81$3,884,627$0$0$1,427,543
82$4,162,047$0$0$1,532,315
83$4,464,021$0$0$1,646,488
84$4,792,936$0$0$1,770,979
85$5,151,418$0$0$1,906,799
86$5,542,358$0$0$2,055,061
87$5,968,937$0$0$2,216,990
88$6,434,657$0$0$2,393,933
89$6,943,372$0$0$2,587,375
90$7,499,325$0$0$2,798,950
91$8,107,190$0$0$3,030,457
92$8,772,109$0$0$3,283,877
93$9,499,746$0$0$3,561,392
94$10,296,339$0$0$3,865,404
95$11,168,753$0$0$4,198,558
96$12,124,553$0$0$4,563,770
97$13,172,067$0$0$4,964,247
98$14,320,468$0$0$5,403,524
99$15,579,858$0$0$5,885,494
100$16,961,366$0$0$6,414,447