Can I retire at age 57 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$76,138$75,460$74,798$74,152$73,522$71,140
2 years$37,692$36,990$36,310$35,650$35,010$32,633
3 years$24,878$24,173$23,495$22,841$22,212$19,914
4 years$18,473$17,770$17,098$16,456$15,842$13,640
5 years$14,631$13,932$13,269$12,640$12,043$9,944
6 years$12,070$11,376$10,723$10,108$9,529$7,534
7 years$10,241$9,554$8,911$8,310$7,750$5,859
8 years$8,871$8,189$7,557$6,971$6,429$4,641
9 years$7,805$7,130$6,509$5,938$5,414$3,727
10 years$6,953$6,285$5,675$5,119$4,613$3,024
11 years$6,257$5,595$4,996$4,455$3,967$2,474
12 years$5,677$5,022$4,434$3,907$3,438$2,037
13 years$5,186$4,538$3,961$3,450$2,998$1,685
14 years$4,766$4,125$3,559$3,062$2,628$1,400
15 years$4,403$3,769$3,214$2,731$2,314$1,167
16 years$4,085$3,458$2,914$2,445$2,045$975
17 years$3,805$3,184$2,651$2,197$1,813$817
18 years$3,556$2,942$2,420$1,980$1,612$686
19 years$3,333$2,727$2,216$1,789$1,437$576
20 years$3,134$2,534$2,033$1,620$1,284$485
21 years$2,953$2,360$1,870$1,471$1,149$409
22 years$2,789$2,203$1,724$1,337$1,030$345
23 years$2,640$2,061$1,592$1,218$924$291
24 years$2,503$1,931$1,472$1,111$831$246
25 years$2,377$1,812$1,363$1,014$748$208
26 years$2,261$1,703$1,264$927$673$176
27 years$2,154$1,603$1,174$849$607$148
28 years$2,055$1,510$1,091$778$548$126
29 years$1,963$1,425$1,016$713$495$106
30 years$1,877$1,345$946$655$447$90
31 years$1,797$1,272$882$601$404$76
32 years$1,722$1,203$823$552$366$64
33 years$1,651$1,140$768$508$331$55
34 years$1,585$1,080$718$467$300$46
35 years$1,523$1,025$671$430$271$39
36 years$1,464$972$628$396$246$33
37 years$1,409$924$588$365$223$28
38 years$1,357$878$550$337$202$24
39 years$1,307$835$516$310$183$20
40 years$1,261$794$483$286$166$17
41 years$1,216$756$453$264$151$14
42 years$1,174$720$425$244$137$12
43 years$1,134$686$399$225$124$10
44 years$1,095$654$374$208$113$9
45 years$1,059$623$352$192$102$7
46 years$1,024$595$330$177$93$6
47 years$991$568$310$164$84$5
48 years$959$542$292$151$77$5
49 years$929$517$274$140$70$4
50 years$900$494$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $922,000, adding $3,498 every year, while hoping to spend $53,485 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: 47/48/5 Blend
56$922,000$922,000$922,000$922,000
57$1,019,652$970,786$956,495$1,066,092
58$1,066,749$961,447$931,630$1,088,924
59$1,116,857$949,858$904,140$1,107,752
60$1,170,227$935,852$873,879$1,126,914
61$1,227,134$919,252$840,697$1,146,454
62$1,287,878$899,871$804,437$1,166,427
63$1,352,788$877,511$764,932$1,186,896
64$1,422,226$851,963$722,011$1,207,931
65$1,496,587$823,003$675,492$1,229,618
66$1,576,306$790,397$625,188$1,252,053
67$1,661,859$753,896$570,902$1,275,348
68$1,753,768$713,237$512,427$1,299,631
69$1,852,608$668,141$449,548$1,325,047
70$1,959,008$618,314$382,042$1,351,762
71$2,073,660$563,445$309,674$1,379,968
72$2,197,323$503,204$232,198$1,409,879
73$2,330,834$437,244$149,360$1,441,738
74$2,475,107$365,198$60,892$1,475,824
75$2,631,153$286,677$0$1,512,448
76$2,800,077$201,271$0$1,553,750
77$2,983,100$108,548$0$1,601,924
78$3,181,559$8,050$0$1,654,181
79$3,396,928$0$0$1,711,040
80$3,630,826$0$0$1,826,276
81$3,885,036$0$0$1,956,231
82$4,161,516$0$0$2,097,668
83$4,462,424$0$0$2,251,701
84$4,790,132$0$0$2,419,558
85$5,147,252$0$0$2,602,589
86$5,536,656$0$0$2,802,281
87$5,961,508$0$0$3,020,269
88$6,425,288$0$0$3,258,355
89$6,931,828$0$0$3,518,522
90$7,485,348$0$0$3,802,951
91$8,090,489$0$0$4,114,047
92$8,752,367$0$0$4,454,456
93$9,476,611$0$0$4,827,090
94$10,269,420$0$0$5,235,159
95$11,137,621$0$0$5,682,196
96$12,088,731$0$0$6,172,091
97$13,131,029$0$0$6,709,131
98$14,273,633$0$0$7,298,035
99$15,526,584$0$0$7,944,000
100$16,900,943$0$0$8,652,754