Can I retire at age 57 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$76,055$75,378$74,717$74,072$73,442$72,735
2 years$37,651$36,950$36,270$35,611$34,972$34,261
3 years$24,851$24,147$23,469$22,817$22,188$21,493
4 years$18,453$17,751$17,080$16,438$15,825$15,152
5 years$14,615$13,917$13,255$12,626$12,030$11,381
6 years$12,057$11,364$10,712$10,097$9,519$8,895
7 years$10,230$9,544$8,901$8,301$7,741$7,143
8 years$8,861$8,181$7,549$6,964$6,422$5,849
9 years$7,797$7,123$6,502$5,932$5,408$4,860
10 years$6,946$6,278$5,669$5,113$4,608$4,085
11 years$6,250$5,589$4,991$4,450$3,963$3,464
12 years$5,671$5,017$4,429$3,903$3,434$2,959
13 years$5,181$4,534$3,957$3,446$2,995$2,543
14 years$4,761$4,121$3,555$3,059$2,625$2,196
15 years$4,398$3,764$3,210$2,728$2,311$1,904
16 years$4,080$3,454$2,910$2,443$2,043$1,657
17 years$3,800$3,181$2,648$2,195$1,811$1,446
18 years$3,552$2,939$2,418$1,978$1,611$1,266
19 years$3,330$2,724$2,213$1,787$1,436$1,110
20 years$3,130$2,531$2,031$1,619$1,282$975
21 years$2,950$2,358$1,868$1,469$1,147$858
22 years$2,786$2,201$1,722$1,336$1,029$756
23 years$2,637$2,058$1,590$1,216$923$667
24 years$2,500$1,929$1,470$1,109$830$589
25 years$2,374$1,810$1,362$1,013$747$521
26 years$2,259$1,701$1,263$926$673$461
27 years$2,152$1,601$1,173$848$606$408
28 years$2,053$1,509$1,090$777$547$362
29 years$1,961$1,423$1,015$712$494$321
30 years$1,875$1,344$945$654$446$284
31 years$1,795$1,271$881$601$404$252
32 years$1,720$1,202$822$552$365$224
33 years$1,649$1,138$768$508$330$199
34 years$1,583$1,079$717$467$299$177
35 years$1,521$1,023$670$430$271$157
36 years$1,463$971$627$396$246$140
37 years$1,408$923$587$365$223$124
38 years$1,355$877$550$336$202$110
39 years$1,306$834$515$310$183$98
40 years$1,259$793$483$286$166$87
41 years$1,215$755$453$264$151$78
42 years$1,173$719$425$243$137$69
43 years$1,132$685$398$225$124$61
44 years$1,094$653$374$208$113$55
45 years$1,058$623$351$192$102$49
46 years$1,023$594$330$177$93$43
47 years$990$567$310$164$84$39
48 years$958$541$291$151$76$34
49 years$928$517$274$140$69$31
50 years$899$494$257$129$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $921,000, adding $2,094 every year, while hoping to spend $38,771 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: 83/5/12 Blend
56$921,000$921,000$921,000$921,000
57$1,017,102$968,289$954,013$1,099,209
58$1,079,594$974,483$944,721$1,159,497
59$1,147,161$979,681$933,818$1,220,337
60$1,220,280$983,794$921,209$1,285,990
61$1,299,474$986,725$906,795$1,356,917
62$1,385,320$988,374$890,472$1,433,629
63$1,478,451$988,633$872,131$1,516,685
64$1,579,564$987,387$851,658$1,606,703
65$1,689,425$984,514$828,934$1,704,363
66$1,808,878$979,887$803,835$1,810,413
67$1,938,849$973,367$776,229$1,925,678
68$2,080,360$964,810$745,981$2,051,069
69$2,234,532$954,062$712,947$2,187,585
70$2,402,603$940,959$676,979$2,336,332
71$2,585,932$925,329$637,921$2,498,523
72$2,786,015$906,989$595,610$2,675,499
73$3,004,501$885,744$549,875$2,868,736
74$3,243,203$861,388$500,539$3,079,859
75$3,504,119$833,705$447,416$3,310,663
76$3,789,446$802,464$390,312$3,563,120
77$4,101,606$767,421$329,023$3,839,408
78$4,443,263$728,318$263,340$4,141,925
79$4,817,354$684,884$193,039$4,473,314
80$5,227,109$636,828$117,891$4,836,488
81$5,676,089$583,847$37,655$5,234,656
82$6,168,212$525,618$0$5,671,356
83$6,707,797$461,801$0$6,156,629
84$7,299,598$392,034$0$6,694,174
85$7,948,852$315,939$0$7,283,934
86$8,661,328$233,114$0$7,931,164
87$9,443,380$143,133$0$8,641,654
88$10,302,007$45,548$0$9,421,783
89$11,244,919$0$0$10,278,576
90$12,280,610$0$0$11,223,085
91$13,418,435$0$0$12,263,509
92$14,668,702$0$0$13,406,770
93$16,042,767$0$0$14,663,254
94$17,553,139$0$0$16,044,402
95$19,213,600$0$0$17,562,820
96$21,039,334$0$0$19,232,397
97$23,047,071$0$0$21,068,433
98$25,255,240$0$0$23,087,786
99$27,684,151$0$0$25,309,030
100$30,356,176$0$0$27,752,628