Can I retire at age 57 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,386$75,705$75,041$74,393$73,761$71,601
2 years$37,815$37,110$36,428$35,766$35,124$32,965
3 years$24,959$24,252$23,571$22,916$22,284$20,194
4 years$18,533$17,828$17,154$16,509$15,893$13,888
5 years$14,678$13,977$13,312$12,681$12,082$10,167
6 years$12,109$11,413$10,758$10,141$9,560$7,738
7 years$10,275$9,585$8,940$8,337$7,775$6,045
8 years$8,900$8,216$7,582$6,994$6,450$4,811
9 years$7,831$7,154$6,530$5,957$5,432$3,882
10 years$6,976$6,306$5,693$5,135$4,628$3,166
11 years$6,277$5,613$5,012$4,469$3,980$2,603
12 years$5,695$5,038$4,448$3,920$3,449$2,154
13 years$5,203$4,553$3,974$3,461$3,008$1,792
14 years$4,782$4,139$3,571$3,072$2,637$1,497
15 years$4,417$3,781$3,224$2,740$2,322$1,255
16 years$4,098$3,469$2,923$2,453$2,052$1,055
17 years$3,817$3,195$2,660$2,204$1,819$889
18 years$3,567$2,952$2,428$1,986$1,618$751
19 years$3,344$2,736$2,223$1,795$1,442$635
20 years$3,144$2,542$2,040$1,626$1,288$538
21 years$2,963$2,368$1,876$1,475$1,152$456
22 years$2,798$2,211$1,729$1,341$1,033$387
23 years$2,648$2,067$1,597$1,222$927$329
24 years$2,511$1,937$1,477$1,114$833$279
25 years$2,385$1,818$1,368$1,018$750$237
26 years$2,269$1,708$1,269$930$676$202
27 years$2,161$1,608$1,178$852$609$172
28 years$2,062$1,515$1,095$780$550$146
29 years$1,969$1,429$1,019$716$496$125
30 years$1,883$1,350$949$657$448$106
31 years$1,802$1,276$885$603$405$91
32 years$1,727$1,207$826$554$367$77
33 years$1,657$1,143$771$510$332$66
34 years$1,590$1,084$720$469$300$56
35 years$1,528$1,028$673$432$272$48
36 years$1,469$976$630$398$247$41
37 years$1,414$927$590$366$223$35
38 years$1,361$881$552$338$203$30
39 years$1,312$837$517$311$184$25
40 years$1,265$797$485$287$167$22
41 years$1,220$758$455$265$151$18
42 years$1,178$722$426$245$137$16
43 years$1,137$688$400$226$125$13
44 years$1,099$656$376$208$113$11
45 years$1,062$626$353$192$103$10
46 years$1,028$597$331$178$93$8
47 years$994$569$311$164$85$7
48 years$963$544$292$152$77$6
49 years$932$519$275$140$70$5
50 years$903$496$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $925,000, adding $2,153 every year, while hoping to spend $50,851 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: 48/27/25 Blend
56$925,000$925,000$925,000$925,000
57$1,021,571$972,546$958,208$1,063,245
58$1,071,666$966,095$936,203$1,086,205
59$1,125,167$957,625$911,757$1,105,909
60$1,182,366$946,981$884,733$1,126,293
61$1,243,587$934,002$854,991$1,147,444
62$1,309,181$918,517$822,382$1,169,461
63$1,379,537$900,344$786,751$1,192,460
64$1,455,079$879,290$747,936$1,216,567
65$1,536,273$855,151$705,768$1,241,928
66$1,623,632$827,713$660,070$1,268,708
67$1,717,717$796,745$610,657$1,297,091
68$1,819,146$762,007$557,336$1,327,286
69$1,928,596$723,243$499,904$1,359,527
70$2,046,813$680,182$438,151$1,394,076
71$2,174,615$632,538$371,856$1,431,230
72$2,312,903$580,009$300,790$1,471,319
73$2,462,664$522,275$224,713$1,514,715
74$2,624,988$458,999$143,372$1,561,831
75$2,801,070$389,822$56,508$1,613,132
76$2,992,224$314,369$0$1,669,136
77$3,199,897$232,239$0$1,740,077
78$3,425,681$143,013$0$1,833,659
79$3,671,326$46,246$0$1,935,593
80$3,938,757$0$0$2,046,763
81$4,230,095$0$0$2,185,541
82$4,547,671$0$0$2,351,888
83$4,894,052$0$0$2,533,419
84$5,272,063$0$0$2,731,629
85$5,684,815$0$0$2,948,160
86$6,135,729$0$0$3,184,821
87$6,628,575$0$0$3,443,604
88$7,167,502$0$0$3,726,701
89$7,757,079$0$0$4,036,528
90$8,402,334$0$0$4,375,742
91$9,108,808$0$0$4,747,273
92$9,882,599$0$0$5,154,343
93$10,730,424$0$0$5,600,505
94$11,659,682$0$0$6,089,668
95$12,678,518$0$0$6,626,140
96$13,795,907$0$0$7,214,665
97$15,021,731$0$0$7,860,468
98$16,366,876$0$0$8,569,305
99$17,843,333$0$0$9,347,516
100$19,464,311$0$0$10,202,085