Can I retire at age 57 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$75,642$74,969$74,311$73,670$73,043$70,875
2 years$37,447$36,749$36,073$35,418$34,782$32,616
3 years$24,717$24,016$23,342$22,693$22,067$19,971
4 years$18,353$17,654$16,987$16,349$15,739$13,728
5 years$14,535$13,841$13,183$12,557$11,964$10,045
6 years$11,991$11,302$10,653$10,042$9,467$7,640
7 years$10,175$9,492$8,853$8,256$7,699$5,965
8 years$8,813$8,136$7,508$6,926$6,387$4,745
9 years$7,755$7,084$6,467$5,899$5,379$3,827
10 years$6,908$6,244$5,638$5,085$4,583$3,119
11 years$6,216$5,559$4,963$4,426$3,942$2,563
12 years$5,640$4,989$4,405$3,882$3,416$2,119
13 years$5,153$4,509$3,936$3,427$2,979$1,762
14 years$4,735$4,098$3,536$3,042$2,611$1,471
15 years$4,374$3,744$3,193$2,713$2,299$1,232
16 years$4,058$3,435$2,895$2,429$2,032$1,035
17 years$3,780$3,164$2,634$2,183$1,802$872
18 years$3,533$2,923$2,404$1,967$1,602$735
19 years$3,312$2,709$2,201$1,777$1,428$621
20 years$3,113$2,518$2,020$1,610$1,275$526
21 years$2,934$2,345$1,858$1,461$1,141$445
22 years$2,771$2,189$1,713$1,328$1,023$378
23 years$2,622$2,047$1,581$1,210$918$321
24 years$2,486$1,918$1,462$1,103$825$272
25 years$2,362$1,800$1,354$1,008$743$231
26 years$2,247$1,692$1,256$921$669$197
27 years$2,140$1,592$1,166$843$603$167
28 years$2,042$1,500$1,084$773$544$142
29 years$1,950$1,415$1,009$709$491$121
30 years$1,865$1,337$940$650$444$103
31 years$1,785$1,264$876$597$401$88
32 years$1,710$1,196$818$549$363$75
33 years$1,640$1,132$763$505$329$64
34 years$1,575$1,073$713$464$298$54
35 years$1,513$1,018$667$428$270$46
36 years$1,455$966$624$394$244$39
37 years$1,400$918$584$363$221$34
38 years$1,348$872$547$334$201$29
39 years$1,299$829$512$308$182$24
40 years$1,252$789$480$284$165$21
41 years$1,208$751$450$262$150$18
42 years$1,166$715$422$242$136$15
43 years$1,126$681$396$224$123$13
44 years$1,088$650$372$206$112$11
45 years$1,052$619$349$191$102$9
46 years$1,018$591$328$176$92$8
47 years$985$564$308$163$84$7
48 years$953$538$290$150$76$6
49 years$923$514$272$139$69$5
50 years$894$491$256$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $916,000, adding $3,671 every year, while hoping to spend $32,430 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: 45/30/25 Blend
56$916,000$916,000$916,000$916,000
57$1,013,219$964,671$950,473$1,051,354
58$1,082,062$977,434$947,808$1,091,463
59$1,156,840$989,736$943,968$1,131,499
60$1,238,124$1,001,520$938,877$1,174,279
61$1,326,543$1,012,725$932,460$1,220,073
62$1,422,788$1,023,286$924,634$1,269,185
63$1,527,619$1,033,133$915,317$1,321,947
64$1,641,873$1,042,194$904,417$1,378,729
65$1,766,473$1,050,390$891,844$1,439,939
66$1,902,431$1,057,637$877,498$1,506,028
67$2,050,864$1,063,847$861,279$1,577,495
68$2,213,000$1,068,923$843,080$1,654,893
69$2,390,192$1,072,766$822,789$1,738,832
70$2,583,929$1,075,269$800,290$1,829,985
71$2,795,850$1,076,317$775,460$1,929,100
72$3,027,760$1,075,790$748,171$2,037,000
73$3,281,647$1,073,559$718,290$2,154,596
74$3,559,699$1,069,489$685,678$2,282,894
75$3,864,328$1,063,433$650,187$2,423,007
76$4,198,188$1,055,239$611,667$2,576,164
77$4,564,201$1,044,744$569,956$2,743,721
78$4,965,589$1,031,776$524,889$2,927,179
79$5,405,897$1,016,151$476,291$3,128,194
80$5,889,032$997,676$423,980$3,348,594
81$6,419,296$976,145$367,766$3,590,400
82$7,001,429$951,341$307,451$3,855,844
83$7,640,652$923,033$242,827$4,147,386
84$8,342,715$890,979$173,679$4,467,748
85$9,113,955$854,919$99,779$4,819,932
86$9,961,349$814,581$20,893$5,207,252
87$10,892,588$769,677$0$5,633,366
88$11,916,141$719,900$0$6,119,196
89$13,041,340$664,929$0$6,659,361
90$14,278,468$604,421$0$7,253,272
91$15,638,850$538,015$0$7,906,432
92$17,134,966$465,332$0$8,624,910
93$18,780,566$385,966$0$9,415,396
94$20,590,799$299,494$0$10,285,268
95$22,582,356$205,465$0$11,242,661
96$24,773,627$103,404$0$12,296,546
97$27,184,877$0$0$13,456,812
98$29,838,430$0$0$14,736,736
99$32,758,888$0$0$16,183,097
100$35,973,356$0$0$17,775,198