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%16.8%
1 years$76,386$75,705$75,041$74,393$73,761$71,716
2 years$37,815$37,110$36,428$35,766$35,124$33,079
3 years$24,959$24,252$23,571$22,916$22,284$20,303
4 years$18,533$17,828$17,154$16,509$15,893$13,992
5 years$14,678$13,977$13,312$12,681$12,082$10,265
6 years$12,109$11,413$10,758$10,141$9,560$7,829
7 years$10,275$9,585$8,940$8,337$7,775$6,130
8 years$8,900$8,216$7,582$6,994$6,450$4,890
9 years$7,831$7,154$6,530$5,957$5,432$3,956
10 years$6,976$6,306$5,693$5,135$4,628$3,234
11 years$6,277$5,613$5,012$4,469$3,980$2,666
12 years$5,695$5,038$4,448$3,920$3,449$2,212
13 years$5,203$4,553$3,974$3,461$3,008$1,845
14 years$4,782$4,139$3,571$3,072$2,637$1,546
15 years$4,417$3,781$3,224$2,740$2,322$1,299
16 years$4,098$3,469$2,923$2,453$2,052$1,096
17 years$3,817$3,195$2,660$2,204$1,819$926
18 years$3,567$2,952$2,428$1,986$1,618$784
19 years$3,344$2,736$2,223$1,795$1,442$665
20 years$3,144$2,542$2,040$1,626$1,288$565
21 years$2,963$2,368$1,876$1,475$1,152$480
22 years$2,798$2,211$1,729$1,341$1,033$409
23 years$2,648$2,067$1,597$1,222$927$348
24 years$2,511$1,937$1,477$1,114$833$297
25 years$2,385$1,818$1,368$1,018$750$253
26 years$2,269$1,708$1,269$930$676$216
27 years$2,161$1,608$1,178$852$609$185
28 years$2,062$1,515$1,095$780$550$158
29 years$1,969$1,429$1,019$716$496$135
30 years$1,883$1,350$949$657$448$115
31 years$1,802$1,276$885$603$405$99
32 years$1,727$1,207$826$554$367$84
33 years$1,657$1,143$771$510$332$72
34 years$1,590$1,084$720$469$300$62
35 years$1,528$1,028$673$432$272$53
36 years$1,469$976$630$398$247$45
37 years$1,414$927$590$366$223$39
38 years$1,361$881$552$338$203$33
39 years$1,312$837$517$311$184$28
40 years$1,265$797$485$287$167$24
41 years$1,220$758$455$265$151$21
42 years$1,178$722$426$245$137$18
43 years$1,137$688$400$226$125$15
44 years$1,099$656$376$208$113$13
45 years$1,062$626$353$192$103$11
46 years$1,028$597$331$178$93$10
47 years$994$569$311$164$85$8
48 years$963$544$292$152$77$7
49 years$932$519$275$140$70$6
50 years$903$496$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $925,000, adding $3,308 every year, while hoping to spend $23,981 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: 43/32/25 Blend
56$925,000$925,000$925,000$925,000
57$1,022,762$973,737$959,400$1,059,163
58$1,101,568$995,935$966,024$1,107,634
59$1,187,609$1,018,416$972,066$1,157,567
60$1,281,597$1,041,170$977,482$1,211,198
61$1,384,316$1,064,184$982,224$1,268,881
62$1,496,631$1,087,443$986,243$1,331,009
63$1,619,491$1,110,932$989,487$1,398,012
64$1,753,945$1,134,634$991,900$1,470,368
65$1,901,145$1,158,529$993,427$1,548,601
66$2,062,361$1,182,596$994,006$1,633,291
67$2,238,991$1,206,812$993,574$1,725,077
68$2,432,575$1,231,152$992,065$1,824,661
69$2,644,808$1,255,589$989,410$1,932,821
70$2,877,558$1,280,093$985,535$2,050,413
71$3,132,883$1,304,632$980,364$2,178,382
72$3,413,048$1,329,169$973,818$2,317,768
73$3,720,549$1,353,669$965,811$2,469,720
74$4,058,136$1,378,089$956,256$2,635,504
75$4,428,836$1,402,386$945,061$2,816,517
76$4,835,986$1,426,511$932,129$3,014,299
77$5,283,260$1,450,414$917,359$3,230,547
78$5,774,708$1,474,039$900,645$3,467,135
79$6,314,788$1,497,328$881,877$3,726,127
80$6,908,416$1,520,216$860,939$4,009,801
81$7,561,003$1,542,635$837,709$4,320,668
82$8,278,514$1,564,513$812,061$4,661,496
83$9,067,518$1,585,771$783,862$5,035,339
84$9,935,257$1,606,325$752,973$5,445,562
85$10,889,704$1,626,086$719,248$5,895,879
86$11,939,648$1,644,958$682,537$6,390,382
87$13,094,771$1,662,840$642,681$6,933,583
88$14,365,741$1,679,622$599,514$7,530,459
89$15,764,312$1,695,189$552,863$8,186,496
90$17,303,435$1,709,417$502,547$8,907,743
91$18,997,380$1,722,173$448,378$9,700,869
92$20,861,871$1,733,317$390,156$10,573,227
93$22,914,233$1,742,701$327,678$11,532,923
94$25,173,556$1,750,164$260,726$12,588,894
95$27,660,875$1,755,539$189,077$13,750,993
96$30,399,368$1,758,645$112,495$15,030,084
97$33,414,576$1,759,291$30,736$16,438,140
98$36,734,642$1,757,274$0$17,988,364
99$40,390,574$1,752,380$0$19,710,385
100$44,416,546$1,744,380$0$21,614,900