Can I retire at age 57 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,964$76,278$75,609$74,956$74,319$73,851
2 years$38,101$37,391$36,704$36,037$35,390$34,918
3 years$25,148$24,436$23,750$23,089$22,453$21,991
4 years$18,673$17,963$17,284$16,634$16,014$15,566
5 years$14,789$14,083$13,413$12,777$12,173$11,741
6 years$12,201$11,500$10,840$10,218$9,632$9,216
7 years$10,353$9,658$9,008$8,401$7,834$7,433
8 years$8,967$8,278$7,639$7,047$6,499$6,115
9 years$7,890$7,208$6,580$6,002$5,473$5,105
10 years$7,029$6,353$5,736$5,174$4,663$4,311
11 years$6,325$5,656$5,050$4,503$4,010$3,674
12 years$5,738$5,076$4,482$3,950$3,475$3,154
13 years$5,243$4,588$4,004$3,487$3,031$2,725
14 years$4,818$4,170$3,598$3,095$2,657$2,365
15 years$4,450$3,809$3,248$2,761$2,339$2,062
16 years$4,129$3,495$2,945$2,472$2,067$1,804
17 years$3,846$3,219$2,680$2,221$1,833$1,584
18 years$3,594$2,974$2,446$2,001$1,630$1,393
19 years$3,370$2,757$2,240$1,809$1,453$1,229
20 years$3,168$2,562$2,055$1,638$1,298$1,086
21 years$2,985$2,386$1,891$1,487$1,161$961
22 years$2,819$2,227$1,742$1,352$1,041$852
23 years$2,668$2,083$1,609$1,231$934$756
24 years$2,530$1,952$1,488$1,123$840$672
25 years$2,403$1,832$1,378$1,025$756$598
26 years$2,286$1,721$1,278$937$681$532
27 years$2,178$1,620$1,187$858$614$475
28 years$2,077$1,527$1,103$786$554$423
29 years$1,984$1,440$1,027$721$500$378
30 years$1,897$1,360$956$662$452$337
31 years$1,816$1,286$892$608$408$301
32 years$1,740$1,217$832$558$369$269
33 years$1,669$1,152$777$514$334$240
34 years$1,602$1,092$726$473$303$215
35 years$1,539$1,036$679$435$274$192
36 years$1,480$983$635$401$248$172
37 years$1,424$934$594$369$225$154
38 years$1,372$887$556$340$204$138
39 years$1,322$844$521$314$185$123
40 years$1,274$803$489$289$168$111
41 years$1,229$764$458$267$152$99
42 years$1,187$728$430$246$138$89
43 years$1,146$693$403$227$125$79
44 years$1,107$661$379$210$114$71
45 years$1,071$630$355$194$103$64
46 years$1,035$601$334$179$94$57
47 years$1,002$574$314$166$85$51
48 years$970$548$295$153$77$46
49 years$939$523$277$141$70$41
50 years$910$500$260$131$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $932,000, adding $2,574 every year, while hoping to spend $56,906 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: 80/15/5 Blend
56$932,000$932,000$932,000$932,000
57$1,029,719$980,323$965,877$1,111,725
58$1,074,203$967,811$937,686$1,153,244
59$1,121,317$952,779$906,644$1,190,984
60$1,171,269$935,043$872,595$1,230,649
61$1,224,287$914,409$835,375$1,272,404
62$1,280,620$890,671$794,816$1,316,425
63$1,340,539$863,610$750,738$1,362,910
64$1,404,343$832,996$702,957$1,412,075
65$1,472,358$798,584$651,278$1,464,160
66$1,544,940$760,117$595,497$1,519,428
67$1,622,482$717,320$535,404$1,578,171
68$1,705,411$669,905$470,777$1,640,710
69$1,794,199$617,566$401,383$1,707,399
70$1,889,360$559,980$326,983$1,778,631
71$1,991,461$496,804$247,322$1,854,836
72$2,101,121$427,679$162,139$1,936,493
73$2,219,023$352,223$71,158$2,024,127
74$2,345,913$270,032$0$2,118,320
75$2,482,614$180,681$0$2,221,098
76$2,630,026$83,720$0$2,335,926
77$2,789,142$0$0$2,459,803
78$2,961,049$0$0$2,597,131
79$3,146,945$0$0$2,760,596
80$3,348,143$0$0$2,937,540
81$3,566,091$0$0$3,129,236
82$3,802,377$0$0$3,337,085
83$4,058,749$0$0$3,562,627
84$4,337,130$0$0$3,807,557
85$4,639,634$0$0$4,073,739
86$4,968,587$0$0$4,363,222
87$5,326,548$0$0$4,678,263
88$5,716,333$0$0$5,021,342
89$6,141,040$0$0$5,395,191
90$6,604,078$0$0$5,802,815
91$7,109,202$0$0$6,247,523
92$7,660,540$0$0$6,732,954
93$8,262,640$0$0$7,263,117
94$8,920,507$0$0$7,842,425
95$9,639,652$0$0$8,475,733
96$10,426,141$0$0$9,168,390
97$11,286,654$0$0$9,926,284
98$12,228,546$0$0$10,755,899
99$13,259,916$0$0$11,664,375
100$14,389,685$0$0$12,659,573