Can I retire at age 57 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$76,633$75,951$75,285$74,635$74,000$72,774
2 years$37,937$37,231$36,546$35,882$35,238$34,007
3 years$25,040$24,331$23,648$22,990$22,357$21,158
4 years$18,593$17,886$17,209$16,563$15,945$14,788
5 years$14,726$14,023$13,355$12,722$12,121$11,010
6 years$12,148$11,450$10,793$10,174$9,591$8,526
7 years$10,308$9,616$8,969$8,364$7,800$6,782
8 years$8,929$8,243$7,606$7,017$6,471$5,500
9 years$7,856$7,177$6,551$5,977$5,449$4,524
10 years$6,999$6,326$5,712$5,152$4,643$3,763
11 years$6,298$5,632$5,028$4,484$3,993$3,158
12 years$5,714$5,055$4,463$3,933$3,460$2,669
13 years$5,220$4,568$3,987$3,472$3,018$2,268
14 years$4,797$4,152$3,582$3,082$2,645$1,936
15 years$4,431$3,793$3,234$2,749$2,329$1,660
16 years$4,111$3,480$2,933$2,461$2,058$1,427
17 years$3,829$3,205$2,668$2,211$1,825$1,231
18 years$3,579$2,962$2,436$1,993$1,623$1,064
19 years$3,355$2,745$2,230$1,801$1,446$922
20 years$3,154$2,551$2,047$1,631$1,292$799
21 years$2,972$2,376$1,882$1,480$1,156$695
22 years$2,807$2,218$1,735$1,346$1,036$604
23 years$2,657$2,074$1,602$1,226$930$526
24 years$2,519$1,943$1,482$1,118$836$459
25 years$2,393$1,824$1,372$1,021$752$400
26 years$2,276$1,714$1,273$933$678$349
27 years$2,168$1,613$1,182$854$611$305
28 years$2,068$1,520$1,099$783$551$267
29 years$1,975$1,434$1,022$718$498$233
30 years$1,889$1,354$952$659$450$204
31 years$1,808$1,280$888$605$407$178
32 years$1,733$1,211$828$556$368$156
33 years$1,662$1,147$773$511$333$137
34 years$1,595$1,087$723$471$301$120
35 years$1,533$1,031$676$433$273$105
36 years$1,474$979$632$399$247$92
37 years$1,418$930$592$368$224$81
38 years$1,366$883$554$339$203$71
39 years$1,316$840$519$312$184$62
40 years$1,269$799$486$288$167$54
41 years$1,224$761$456$266$152$48
42 years$1,181$725$428$245$138$42
43 years$1,141$690$402$226$125$37
44 years$1,103$658$377$209$113$32
45 years$1,066$628$354$193$103$28
46 years$1,031$599$332$178$93$25
47 years$998$571$312$165$85$22
48 years$966$545$293$152$77$19
49 years$935$521$276$141$70$17
50 years$906$497$259$130$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $928,000, adding $4,357 every year, while hoping to spend $57,063 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: 33/47/20 Blend
56$928,000$928,000$928,000$928,000
57$1,027,150$977,966$963,582$1,054,588
58$1,071,205$965,172$935,148$1,062,557
59$1,117,841$949,838$903,848$1,065,608
60$1,167,261$931,781$869,527$1,067,708
61$1,219,687$910,803$832,021$1,068,807
62$1,275,361$886,699$791,160$1,068,857
63$1,334,549$859,248$746,765$1,067,808
64$1,397,541$828,219$698,650$1,065,613
65$1,464,654$793,366$646,619$1,062,227
66$1,536,237$754,429$590,469$1,057,606
67$1,612,670$711,133$529,986$1,051,709
68$1,694,370$663,187$464,949$1,044,499
69$1,781,797$610,284$395,126$1,035,942
70$1,875,451$552,098$320,273$1,026,012
71$1,975,882$488,287$240,138$1,014,686
72$2,083,696$418,486$154,456$1,001,950
73$2,199,554$342,313$62,951$987,801
74$2,324,184$259,362$0$972,243
75$2,458,385$169,205$0$962,698
76$2,603,035$71,391$0$966,611
77$2,759,096$0$0$970,649
78$2,927,628$0$0$992,821
79$3,109,794$0$0$1,056,805
80$3,306,873$0$0$1,126,140
81$3,520,270$0$0$1,201,336
82$3,751,531$0$0$1,282,953
83$4,002,354$0$0$1,371,606
84$4,274,608$0$0$1,467,971
85$4,570,349$0$0$1,572,794
86$4,891,837$0$0$1,686,895
87$5,241,559$0$0$1,811,175
88$5,622,252$0$0$1,946,626
89$6,036,926$0$0$2,094,340
90$6,488,894$0$0$2,255,520
91$6,981,804$0$0$2,431,488
92$7,519,668$0$0$2,623,701
93$8,106,904$0$0$2,833,762
94$8,748,376$0$0$3,063,437
95$9,449,437$0$0$3,314,667
96$10,215,981$0$0$3,589,595
97$11,054,498$0$0$3,890,575
98$11,972,133$0$0$4,220,203
99$12,976,753$0$0$4,581,335
100$14,077,025$0$0$4,977,119