Can I retire at age 57 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$75,808$75,132$74,474$73,830$73,203$71,231
2 years$37,529$36,830$36,152$35,495$34,858$32,886
3 years$24,770$24,069$23,393$22,742$22,116$20,204
4 years$18,393$17,693$17,024$16,385$15,773$13,937
5 years$14,567$13,871$13,211$12,585$11,990$10,235
6 years$12,017$11,327$10,677$10,064$9,488$7,815
7 years$10,197$9,512$8,872$8,274$7,716$6,126
8 years$8,832$8,154$7,525$6,941$6,401$4,893
9 years$7,771$7,099$6,481$5,912$5,391$3,963
10 years$6,923$6,258$5,650$5,096$4,593$3,244
11 years$6,230$5,571$4,974$4,435$3,950$2,678
12 years$5,652$5,000$4,415$3,890$3,423$2,225
13 years$5,164$4,519$3,944$3,435$2,985$1,858
14 years$4,746$4,107$3,544$3,049$2,617$1,559
15 years$4,384$3,752$3,200$2,719$2,304$1,312
16 years$4,067$3,443$2,901$2,435$2,036$1,108
17 years$3,788$3,170$2,640$2,188$1,805$938
18 years$3,540$2,930$2,410$1,971$1,605$795
19 years$3,319$2,715$2,206$1,781$1,431$676
20 years$3,120$2,523$2,025$1,613$1,278$575
21 years$2,940$2,350$1,862$1,464$1,144$489
22 years$2,777$2,194$1,716$1,331$1,025$417
23 years$2,628$2,052$1,585$1,212$920$356
24 years$2,492$1,922$1,466$1,106$827$304
25 years$2,367$1,804$1,357$1,010$744$260
26 years$2,251$1,696$1,259$923$670$222
27 years$2,145$1,596$1,169$845$604$190
28 years$2,046$1,504$1,087$774$545$163
29 years$1,954$1,418$1,011$710$493$139
30 years$1,869$1,340$942$652$445$119
31 years$1,789$1,266$878$599$402$102
32 years$1,714$1,198$819$550$364$87
33 years$1,644$1,135$765$506$329$75
34 years$1,578$1,076$715$465$298$64
35 years$1,516$1,020$668$428$270$55
36 years$1,458$968$625$395$245$47
37 years$1,403$920$585$364$222$40
38 years$1,351$874$548$335$201$35
39 years$1,302$831$513$309$182$30
40 years$1,255$791$481$285$165$25
41 years$1,211$753$451$263$150$22
42 years$1,169$717$423$243$136$19
43 years$1,129$683$397$224$124$16
44 years$1,091$651$373$207$112$14
45 years$1,054$621$350$191$102$12
46 years$1,020$592$329$176$92$10
47 years$987$565$309$163$84$9
48 years$955$539$290$151$76$7
49 years$925$515$273$139$69$6
50 years$896$492$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $918,000, adding $4,308 every year, while hoping to spend $54,504 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: 67/18/15 Blend
56$918,000$918,000$918,000$918,000
57$1,016,080$967,426$953,197$1,080,286
58$1,061,728$956,838$927,137$1,113,082
59$1,110,206$943,904$898,377$1,142,124
60$1,161,744$928,453$866,770$1,172,514
61$1,216,595$910,300$832,161$1,204,380
62$1,275,037$889,254$794,387$1,237,865
63$1,337,371$865,108$753,279$1,273,127
64$1,403,930$837,645$708,661$1,310,343
65$1,475,078$806,637$660,349$1,349,711
66$1,551,213$771,840$608,148$1,391,448
67$1,632,774$732,996$551,857$1,435,799
68$1,720,238$689,834$491,266$1,483,032
69$1,814,132$642,067$426,153$1,533,450
70$1,915,035$589,389$356,290$1,587,384
71$2,023,579$531,480$281,437$1,645,206
72$2,140,461$467,999$201,342$1,707,326
73$2,266,445$398,587$115,743$1,774,200
74$2,402,370$322,866$24,369$1,846,335
75$2,549,159$240,434$0$1,924,292
76$2,707,826$150,868$0$2,020,401
77$2,879,484$53,720$0$2,128,567
78$3,065,358$0$0$2,245,702
79$3,266,795$0$0$2,382,901
80$3,485,275$0$0$2,543,297
81$3,722,425$0$0$2,717,449
82$3,980,037$0$0$2,906,678
83$4,260,080$0$0$3,112,439
84$4,564,721$0$0$3,336,330
85$4,896,344$0$0$3,580,110
86$5,257,572$0$0$3,845,714
87$5,651,292$0$0$4,135,274
88$6,080,681$0$0$4,451,134
89$6,549,235$0$0$4,795,875
90$7,060,805$0$0$5,172,337
91$7,619,626$0$0$5,583,648
92$8,230,364$0$0$6,033,250
93$8,898,153$0$0$6,524,934
94$9,628,648$0$0$7,062,872
95$10,428,075$0$0$7,651,661
96$11,303,288$0$0$8,296,360
97$12,261,836$0$0$9,002,541
98$13,312,034$0$0$9,776,341
99$14,463,035$0$0$10,624,519
100$15,724,923$0$0$11,554,517