Can I retire at age 57 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,890$75,214$74,555$73,911$73,282$72,821
2 years$37,569$36,870$36,192$35,534$34,896$34,431
3 years$24,797$24,095$23,418$22,767$22,140$21,684
4 years$18,413$17,712$17,043$16,402$15,790$15,349
5 years$14,583$13,887$13,226$12,599$12,003$11,577
6 years$12,031$11,339$10,688$10,075$9,498$9,087
7 years$10,208$9,523$8,882$8,283$7,724$7,330
8 years$8,842$8,163$7,533$6,949$6,408$6,029
9 years$7,780$7,107$6,488$5,919$5,397$5,034
10 years$6,931$6,265$5,656$5,102$4,598$4,251
11 years$6,236$5,577$4,980$4,440$3,955$3,623
12 years$5,658$5,006$4,419$3,895$3,427$3,110
13 years$5,170$4,524$3,948$3,438$2,988$2,687
14 years$4,751$4,112$3,548$3,052$2,620$2,332
15 years$4,388$3,756$3,203$2,722$2,306$2,033
16 years$4,072$3,446$2,904$2,437$2,038$1,779
17 years$3,792$3,174$2,643$2,190$1,807$1,561
18 years$3,544$2,933$2,412$1,974$1,607$1,374
19 years$3,323$2,718$2,208$1,783$1,432$1,212
20 years$3,123$2,526$2,027$1,615$1,279$1,071
21 years$2,943$2,353$1,864$1,466$1,145$948
22 years$2,780$2,196$1,718$1,333$1,026$840
23 years$2,631$2,054$1,586$1,214$921$746
24 years$2,495$1,924$1,467$1,107$828$663
25 years$2,369$1,806$1,359$1,011$745$590
26 years$2,254$1,697$1,260$924$671$525
27 years$2,147$1,597$1,170$846$605$468
28 years$2,048$1,505$1,088$775$546$417
29 years$1,956$1,420$1,012$711$493$372
30 years$1,871$1,341$943$652$446$332
31 years$1,791$1,268$879$599$403$297
32 years$1,716$1,200$820$551$364$265
33 years$1,646$1,136$766$506$330$237
34 years$1,580$1,077$716$466$299$212
35 years$1,518$1,021$669$429$270$190
36 years$1,460$969$626$395$245$170
37 years$1,404$921$586$364$222$152
38 years$1,352$875$549$335$201$136
39 years$1,303$832$514$309$183$122
40 years$1,256$792$482$285$166$109
41 years$1,212$753$452$263$150$98
42 years$1,170$718$424$243$136$87
43 years$1,130$684$398$224$124$78
44 years$1,092$652$373$207$112$70
45 years$1,056$621$350$191$102$63
46 years$1,021$593$329$177$93$56
47 years$988$566$309$163$84$51
48 years$956$540$291$151$76$45
49 years$926$516$273$139$69$41
50 years$897$493$257$129$63$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $919,000, adding $2,293 every year, while hoping to spend $39,052 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: 34/45/21 Blend
56$919,000$919,000$919,000$919,000
57$1,015,103$966,396$952,152$1,043,026
58$1,077,093$972,199$942,498$1,069,696
59$1,144,096$976,976$931,212$1,094,690
60$1,216,584$980,638$918,197$1,120,840
61$1,295,073$983,087$903,354$1,148,272
62$1,380,132$984,219$886,578$1,177,126
63$1,472,384$983,925$867,757$1,207,562
64$1,572,518$982,088$846,778$1,239,758
65$1,681,289$978,585$823,519$1,273,911
66$1,799,529$973,284$797,855$1,310,244
67$1,928,151$966,045$769,654$1,349,006
68$2,068,163$956,722$738,777$1,390,473
69$2,220,671$945,157$705,082$1,434,956
70$2,386,894$931,184$668,417$1,482,801
71$2,568,173$914,627$628,624$1,534,392
72$2,765,984$895,301$585,540$1,590,158
73$2,981,950$873,007$538,992$1,650,579
74$3,217,861$847,536$488,800$1,716,186
75$3,475,685$818,668$434,777$1,787,573
76$3,757,590$786,167$376,727$1,865,397
77$4,065,961$749,787$314,445$1,950,393
78$4,403,427$709,264$247,716$2,043,374
79$4,772,881$664,322$176,319$2,145,246
80$5,177,509$614,668$100,020$2,257,013
81$5,620,819$559,991$18,575$2,379,790
82$6,106,675$499,964$0$2,514,817
83$6,639,334$434,240$0$2,678,780
84$7,223,482$362,453$0$2,863,327
85$7,864,282$284,218$0$3,066,041
86$8,567,419$199,125$0$3,288,861
87$9,339,158$106,744$0$3,533,929
88$10,186,396$6,619$0$3,803,615
89$11,116,734$0$0$4,100,539
90$12,138,543$0$0$4,477,972
91$13,261,045$0$0$4,896,343
92$14,494,401$0$0$5,356,179
93$15,849,801$0$0$5,861,671
94$17,339,577$0$0$6,417,437
95$18,977,313$0$0$7,028,565
96$20,777,975$0$0$7,700,658
97$22,758,050$0$0$8,439,893
98$24,935,706$0$0$9,253,074
99$27,330,958$0$0$10,147,697
100$29,965,857$0$0$11,132,022