Can I retire at age 57 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,551$75,869$75,204$74,554$73,920$72,846
2 years$37,896$37,191$36,507$35,843$35,200$34,120
3 years$25,013$24,304$23,622$22,965$22,332$21,280
4 years$18,573$17,866$17,191$16,545$15,928$14,911
5 years$14,710$14,007$13,341$12,708$12,108$11,130
6 years$12,135$11,438$10,781$10,163$9,581$8,643
7 years$10,297$9,606$8,959$8,355$7,792$6,894
8 years$8,919$8,234$7,598$7,009$6,464$5,607
9 years$7,848$7,169$6,544$5,970$5,444$4,626
10 years$6,991$6,319$5,706$5,146$4,638$3,860
11 years$6,291$5,626$5,023$4,479$3,989$3,249
12 years$5,708$5,049$4,458$3,929$3,457$2,754
13 years$5,215$4,563$3,983$3,468$3,014$2,349
14 years$4,792$4,148$3,579$3,079$2,642$2,012
15 years$4,427$3,789$3,231$2,746$2,327$1,731
16 years$4,107$3,476$2,929$2,459$2,056$1,494
17 years$3,825$3,202$2,666$2,209$1,823$1,293
18 years$3,575$2,958$2,433$1,991$1,621$1,121
19 years$3,352$2,742$2,228$1,799$1,445$975
20 years$3,151$2,548$2,044$1,629$1,291$849
21 years$2,969$2,373$1,880$1,479$1,155$740
22 years$2,804$2,215$1,733$1,344$1,035$646
23 years$2,654$2,072$1,600$1,224$929$565
24 years$2,516$1,941$1,480$1,117$835$494
25 years$2,390$1,822$1,371$1,020$752$433
26 years$2,273$1,712$1,271$932$677$380
27 years$2,166$1,611$1,180$854$610$333
28 years$2,066$1,518$1,097$782$551$292
29 years$1,973$1,432$1,021$717$497$256
30 years$1,887$1,353$951$658$449$225
31 years$1,806$1,279$887$604$406$198
32 years$1,731$1,210$827$555$368$174
33 years$1,660$1,146$773$511$333$153
34 years$1,594$1,086$722$470$301$135
35 years$1,531$1,030$675$433$273$118
36 years$1,472$978$631$398$247$104
37 years$1,417$929$591$367$224$92
38 years$1,364$883$553$338$203$81
39 years$1,314$839$518$312$184$71
40 years$1,267$798$486$288$167$62
41 years$1,223$760$456$266$152$55
42 years$1,180$724$427$245$137$48
43 years$1,140$690$401$226$125$43
44 years$1,101$657$376$209$113$38
45 years$1,065$627$353$193$103$33
46 years$1,030$598$332$178$93$29
47 years$997$571$312$165$85$26
48 years$965$545$293$152$77$23
49 years$934$520$276$141$70$20
50 years$905$497$259$130$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $927,000, adding $5,312 every year, while hoping to spend $26,281 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: 43/49/8 Blend
56$927,000$927,000$927,000$927,000
57$1,027,033$977,902$963,534$1,068,600
58$1,103,828$997,857$967,849$1,117,963
59$1,187,575$1,017,908$971,429$1,168,312
60$1,278,955$1,038,033$974,219$1,222,253
61$1,378,719$1,058,208$976,166$1,280,124
62$1,487,693$1,078,404$977,212$1,342,298
63$1,606,784$1,098,592$977,295$1,409,185
64$1,736,994$1,118,742$976,353$1,481,237
65$1,879,425$1,138,817$974,318$1,558,955
66$2,035,289$1,158,782$971,120$1,642,888
67$2,205,922$1,178,596$966,687$1,733,642
68$2,392,796$1,198,217$960,940$1,831,886
69$2,597,529$1,217,598$953,800$1,938,358
70$2,821,907$1,236,690$945,182$2,053,869
71$3,067,893$1,255,439$934,997$2,179,318
72$3,337,651$1,273,788$923,152$2,315,691
73$3,633,565$1,291,678$909,552$2,464,079
74$3,958,259$1,309,041$894,092$2,625,685
75$4,314,626$1,325,808$876,669$2,801,832
76$4,705,849$1,341,904$857,169$2,993,984
77$5,135,438$1,357,250$835,476$3,203,752
78$5,607,258$1,371,760$811,469$3,432,914
79$6,125,565$1,385,343$785,020$3,683,429
80$6,695,050$1,397,902$755,996$3,957,460
81$7,320,879$1,409,334$724,256$4,257,391
82$8,008,746$1,419,528$689,656$4,585,849
83$8,764,921$1,428,368$652,042$4,945,735
84$9,596,313$1,435,728$611,256$5,340,245
85$10,510,535$1,441,476$567,131$5,772,903
86$11,515,972$1,445,471$519,492$6,247,598
87$12,621,864$1,447,562$468,158$6,768,615
88$13,838,393$1,447,591$412,940$7,340,681
89$15,176,773$1,445,388$353,638$7,969,008
90$16,649,365$1,440,773$290,046$8,659,343
91$18,269,785$1,433,556$221,947$9,418,023
92$20,053,037$1,423,533$149,116$10,252,034
93$22,015,652$1,410,491$71,316$11,169,081
94$24,175,845$1,394,203$0$12,177,658
95$26,553,688$1,374,425$0$13,288,131
96$29,171,296$1,350,904$0$14,516,387
97$32,053,038$1,323,368$0$15,867,740
98$35,225,765$1,291,530$0$17,354,768
99$38,719,065$1,255,087$0$18,991,334
100$42,565,540$1,213,716$0$20,792,721