Can I retire at age 57 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,560$74,887$74,230$73,589$72,963$70,235
2 years$37,406$36,709$36,034$35,379$34,744$32,027
3 years$24,690$23,990$23,316$22,668$22,043$19,422
4 years$18,333$17,635$16,968$16,331$15,721$13,217
5 years$14,519$13,826$13,168$12,544$11,951$9,569
6 years$11,978$11,290$10,642$10,031$9,457$7,199
7 years$10,164$9,481$8,843$8,247$7,691$5,557
8 years$8,803$8,127$7,500$6,918$6,380$4,368
9 years$7,746$7,076$6,460$5,893$5,373$3,480
10 years$6,901$6,237$5,632$5,080$4,578$2,801
11 years$6,209$5,553$4,958$4,421$3,937$2,272
12 years$5,634$4,984$4,400$3,878$3,412$1,854
13 years$5,147$4,504$3,931$3,424$2,975$1,520
14 years$4,730$4,094$3,532$3,039$2,608$1,252
15 years$4,369$3,740$3,189$2,710$2,296$1,034
16 years$4,054$3,431$2,891$2,427$2,030$856
17 years$3,776$3,160$2,631$2,180$1,800$710
18 years$3,529$2,920$2,402$1,965$1,600$590
19 years$3,308$2,706$2,199$1,776$1,426$491
20 years$3,110$2,515$2,018$1,608$1,274$409
21 years$2,931$2,342$1,856$1,459$1,140$342
22 years$2,768$2,187$1,711$1,327$1,022$285
23 years$2,620$2,045$1,580$1,208$917$238
24 years$2,484$1,916$1,461$1,102$824$199
25 years$2,359$1,798$1,353$1,007$742$166
26 years$2,244$1,690$1,255$920$668$139
27 years$2,138$1,590$1,165$842$603$117
28 years$2,039$1,499$1,083$772$544$98
29 years$1,948$1,414$1,008$708$491$82
30 years$1,863$1,335$939$650$444$68
31 years$1,783$1,262$875$597$401$57
32 years$1,708$1,194$817$548$363$48
33 years$1,639$1,131$763$504$328$40
34 years$1,573$1,072$712$464$297$34
35 years$1,511$1,017$666$427$269$28
36 years$1,453$965$623$393$244$24
37 years$1,398$917$583$362$221$20
38 years$1,347$871$546$334$200$17
39 years$1,297$828$512$308$182$14
40 years$1,251$788$480$284$165$12
41 years$1,207$750$450$262$150$10
42 years$1,165$714$422$242$136$8
43 years$1,125$681$396$223$123$7
44 years$1,087$649$372$206$112$6
45 years$1,051$619$349$190$101$5
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$3
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $915,000, adding $3,033 every year, while hoping to spend $55,025 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: 46/24/30 Blend
56$915,000$915,000$915,000$915,000
57$1,011,459$962,964$948,781$1,049,119
58$1,056,081$951,603$922,019$1,064,820
59$1,103,411$937,841$892,516$1,076,327
60$1,153,666$921,502$860,123$1,087,776
61$1,207,085$902,401$824,682$1,099,193
62$1,263,929$880,340$786,030$1,110,609
63$1,324,483$855,110$743,995$1,122,064
64$1,389,060$826,490$698,399$1,133,605
65$1,458,003$794,246$649,054$1,145,289
66$1,531,686$758,131$595,764$1,157,183
67$1,610,521$717,883$538,325$1,169,367
68$1,694,960$673,225$476,525$1,181,934
69$1,785,497$623,863$410,139$1,194,991
70$1,882,674$569,489$338,935$1,208,665
71$1,987,088$509,775$262,671$1,223,099
72$2,099,392$444,375$181,091$1,238,459
73$2,220,303$372,924$93,932$1,254,934
74$2,350,612$295,034$916$1,272,743
75$2,491,183$210,299$0$1,292,132
76$2,642,967$118,288$0$1,344,862
77$2,807,010$18,545$0$1,402,130
78$2,984,462$0$0$1,464,102
79$3,176,584$0$0$1,554,904
80$3,384,765$0$0$1,658,692
81$3,610,532$0$0$1,771,338
82$3,855,564$0$0$1,893,694
83$4,121,707$0$0$2,026,693
84$4,410,993$0$0$2,171,363
85$4,725,654$0$0$2,328,835
86$5,068,151$0$0$2,500,352
87$5,441,187$0$0$2,687,285
88$5,847,740$0$0$2,891,139
89$6,291,085$0$0$3,113,574
90$6,774,828$0$0$3,356,415
91$7,302,937$0$0$3,621,670
92$7,879,781$0$0$3,911,554
93$8,510,169$0$0$4,228,500
94$9,199,397$0$0$4,575,191
95$9,953,293$0$0$4,954,579
96$10,778,277$0$0$5,369,915
97$11,681,416$0$0$5,824,779
98$12,670,494$0$0$6,323,114
99$13,754,082$0$0$6,869,262
100$14,941,617$0$0$7,468,005