Can I retire at age 57 with 934,000?

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 $934,000?

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$77,129$76,442$75,772$75,117$74,478$73,245
2 years$38,183$37,471$36,782$36,114$35,466$34,226
3 years$25,202$24,488$23,801$23,139$22,501$21,295
4 years$18,713$18,001$17,321$16,670$16,048$14,884
5 years$14,821$14,113$13,442$12,804$12,199$11,081
6 years$12,227$11,525$10,863$10,240$9,653$8,581
7 years$10,375$9,678$9,027$8,419$7,850$6,826
8 years$8,986$8,296$7,656$7,062$6,513$5,535
9 years$7,907$7,223$6,594$6,015$5,485$4,554
10 years$7,044$6,367$5,749$5,185$4,673$3,788
11 years$6,338$5,668$5,061$4,513$4,019$3,178
12 years$5,751$5,087$4,492$3,958$3,483$2,686
13 years$5,254$4,597$4,013$3,495$3,037$2,283
14 years$4,828$4,179$3,606$3,102$2,662$1,949
15 years$4,460$3,818$3,255$2,767$2,344$1,671
16 years$4,138$3,503$2,951$2,477$2,072$1,437
17 years$3,854$3,226$2,686$2,226$1,837$1,239
18 years$3,602$2,981$2,452$2,006$1,633$1,071
19 years$3,377$2,763$2,244$1,812$1,456$928
20 years$3,174$2,567$2,060$1,641$1,300$805
21 years$2,991$2,391$1,895$1,490$1,164$699
22 years$2,825$2,232$1,746$1,355$1,043$608
23 years$2,674$2,088$1,612$1,234$936$530
24 years$2,535$1,956$1,491$1,125$842$462
25 years$2,408$1,836$1,381$1,028$757$403
26 years$2,291$1,725$1,281$940$682$352
27 years$2,182$1,624$1,189$860$615$307
28 years$2,082$1,530$1,106$788$555$268
29 years$1,988$1,443$1,029$723$501$235
30 years$1,901$1,363$958$663$453$205
31 years$1,820$1,288$894$609$409$180
32 years$1,744$1,219$834$560$370$157
33 years$1,673$1,155$778$515$335$138
34 years$1,606$1,094$727$474$303$121
35 years$1,543$1,038$680$436$275$106
36 years$1,483$985$636$401$249$93
37 years$1,427$936$595$370$226$81
38 years$1,374$889$558$341$205$71
39 years$1,324$846$522$314$186$62
40 years$1,277$804$490$290$168$55
41 years$1,232$766$459$268$153$48
42 years$1,189$729$431$247$139$42
43 years$1,148$695$404$228$126$37
44 years$1,110$662$379$210$114$32
45 years$1,073$632$356$194$104$28
46 years$1,038$603$335$180$94$25
47 years$1,004$575$314$166$85$22
48 years$972$549$295$153$78$19
49 years$941$524$278$142$70$17
50 years$912$501$261$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $934,000, adding $6,266 every year, while hoping to spend $27,074 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: 21/49/30 Blend
56$934,000$934,000$934,000$934,000
57$1,035,731$986,229$971,752$1,047,554
58$1,112,569$1,005,748$975,500$1,078,487
59$1,196,338$1,025,316$978,465$1,108,901
60$1,287,714$1,044,906$980,594$1,140,829
61$1,387,446$1,064,491$981,828$1,174,412
62$1,496,354$1,084,040$982,108$1,209,806
63$1,615,343$1,103,520$981,370$1,247,183
64$1,745,410$1,122,894$979,548$1,286,735
65$1,887,651$1,142,125$976,572$1,328,675
66$2,043,273$1,161,170$972,368$1,373,238
67$2,213,605$1,179,986$966,861$1,420,685
68$2,400,112$1,198,524$959,970$1,471,305
69$2,604,405$1,216,734$951,610$1,525,419
70$2,828,259$1,234,559$941,694$1,583,382
71$3,073,630$1,251,941$930,130$1,645,588
72$3,342,671$1,268,817$916,820$1,712,473
73$3,637,754$1,285,119$901,663$1,784,518
74$3,961,490$1,300,774$884,554$1,862,260
75$4,316,756$1,315,707$865,381$1,946,289
76$4,706,723$1,329,834$844,029$2,037,262
77$5,134,880$1,343,067$820,375$2,135,902
78$5,605,073$1,355,313$794,294$2,243,013
79$6,121,539$1,366,472$765,651$2,359,482
80$6,688,944$1,376,437$734,308$2,486,292
81$7,312,429$1,385,095$700,120$2,624,529
82$7,997,658$1,392,326$662,935$2,775,395
83$8,750,869$1,398,001$622,594$2,940,218
84$9,578,939$1,401,983$578,932$3,120,469
85$10,489,439$1,404,128$531,774$3,317,771
86$11,490,713$1,404,282$480,940$3,533,920
87$12,591,955$1,402,282$426,241$3,770,902
88$13,803,293$1,397,952$367,479$4,030,909
89$15,135,887$1,391,110$304,447$4,316,365
90$16,602,033$1,381,559$236,931$4,629,950
91$18,215,277$1,369,092$164,705$4,974,621
92$19,990,546$1,353,489$87,534$5,353,647
93$21,944,289$1,334,517$5,174$5,770,639
94$24,094,627$1,311,928$0$6,229,584
95$26,461,527$1,285,462$0$6,761,364
96$29,066,993$1,254,839$0$7,347,853
97$31,935,268$1,219,768$0$7,992,852
98$35,093,065$1,179,936$0$8,702,381
99$38,569,820$1,135,016$0$9,483,083
100$42,397,968$1,084,658$0$10,342,285