Can I retire at age 57 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,383
2 years$38,223$37,512$36,822$36,153$35,504$34,323
3 years$25,229$24,514$23,826$23,163$22,525$21,376
4 years$18,733$18,021$17,339$16,688$16,065$14,955
5 years$14,837$14,128$13,456$12,818$12,212$11,146
6 years$12,240$11,537$10,874$10,251$9,663$8,641
7 years$10,386$9,689$9,037$8,428$7,859$6,881
8 years$8,996$8,305$7,664$7,070$6,520$5,586
9 years$7,915$7,231$6,601$6,022$5,491$4,601
10 years$7,051$6,374$5,755$5,191$4,678$3,832
11 years$6,345$5,674$5,066$4,518$4,023$3,220
12 years$5,757$5,093$4,496$3,963$3,487$2,724
13 years$5,260$4,602$4,017$3,498$3,040$2,318
14 years$4,834$4,183$3,609$3,105$2,665$1,982
15 years$4,465$3,822$3,259$2,769$2,347$1,701
16 years$4,142$3,506$2,955$2,480$2,074$1,465
17 years$3,858$3,229$2,689$2,228$1,839$1,265
18 years$3,606$2,984$2,454$2,008$1,635$1,095
19 years$3,380$2,765$2,247$1,814$1,457$950
20 years$3,178$2,570$2,062$1,643$1,302$825
21 years$2,995$2,394$1,897$1,491$1,165$718
22 years$2,828$2,234$1,748$1,356$1,044$626
23 years$2,677$2,090$1,614$1,235$937$546
24 years$2,538$1,958$1,493$1,126$842$476
25 years$2,411$1,837$1,383$1,029$758$416
26 years$2,293$1,727$1,282$941$683$364
27 years$2,185$1,625$1,191$861$616$318
28 years$2,084$1,531$1,107$789$556$279
29 years$1,990$1,445$1,030$723$502$244
30 years$1,903$1,364$959$664$453$214
31 years$1,822$1,290$894$610$410$188
32 years$1,746$1,220$835$560$371$164
33 years$1,674$1,156$779$515$335$144
34 years$1,607$1,095$728$474$304$126
35 years$1,544$1,039$681$436$275$111
36 years$1,485$986$637$402$249$97
37 years$1,429$937$596$370$226$85
38 years$1,376$890$558$341$205$75
39 years$1,326$846$523$315$186$66
40 years$1,278$805$490$290$168$58
41 years$1,233$767$460$268$153$51
42 years$1,190$730$431$247$139$45
43 years$1,150$696$405$228$126$39
44 years$1,111$663$380$211$114$34
45 years$1,074$632$357$195$104$30
46 years$1,039$603$335$180$94$27
47 years$1,005$576$315$166$86$23
48 years$973$549$296$153$78$20
49 years$942$525$278$142$71$18
50 years$913$501$261$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $935,000, adding $2,085 every year, while hoping to spend $56,243 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: 76/14/10 Blend
56$935,000$935,000$935,000$935,000
57$1,032,521$982,966$968,473$1,109,018
58$1,077,996$971,289$941,075$1,147,996
59$1,126,224$957,155$910,874$1,183,357
60$1,177,427$940,384$877,717$1,220,522
61$1,231,848$920,786$841,443$1,259,649
62$1,289,750$898,158$801,885$1,300,913
63$1,351,425$872,288$758,868$1,344,509
64$1,417,189$842,949$712,209$1,390,650
65$1,487,390$809,901$661,716$1,439,572
66$1,562,410$772,892$607,190$1,491,538
67$1,642,666$731,654$548,421$1,546,836
68$1,728,616$685,904$485,191$1,605,786
69$1,820,763$635,341$417,273$1,668,741
70$1,919,657$579,649$344,428$1,736,092
71$2,025,904$518,493$266,408$1,808,271
72$2,140,167$451,520$182,953$1,885,755
73$2,263,174$378,355$93,792$1,969,072
74$2,395,726$298,603$0$2,058,805
75$2,538,703$211,847$0$2,155,743
76$2,693,070$117,647$0$2,271,144
77$2,859,888$15,536$0$2,395,810
78$3,040,323$0$0$2,530,645
79$3,235,657$0$0$2,691,278
80$3,447,300$0$0$2,867,946
81$3,676,801$0$0$3,059,552
82$3,925,864$0$0$3,267,522
83$4,196,364$0$0$3,493,426
84$4,490,362$0$0$3,738,990
85$4,810,125$0$0$4,006,112
86$5,158,149$0$0$4,296,882
87$5,537,180$0$0$4,613,598
88$5,950,238$0$0$4,958,789
89$6,400,648$0$0$5,335,240
90$6,892,070$0$0$5,746,015
91$7,428,531$0$0$6,194,486
92$8,014,466$0$0$6,684,366
93$8,654,755$0$0$7,219,741
94$9,354,773$0$0$7,805,113
95$10,120,435$0$0$8,445,435
96$10,958,256$0$0$9,146,162
97$11,875,409$0$0$9,913,301
98$12,879,793$0$0$10,753,466
99$13,980,107$0$0$11,673,942
100$15,185,930$0$0$12,682,750