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%14.6%
1 years$77,211$76,524$75,853$75,198$74,558$73,143
2 years$38,223$37,512$36,822$36,153$35,504$34,083
3 years$25,229$24,514$23,826$23,163$22,525$21,144
4 years$18,733$18,021$17,339$16,688$16,065$14,733
5 years$14,837$14,128$13,456$12,818$12,212$10,934
6 years$12,240$11,537$10,874$10,251$9,663$8,440
7 years$10,386$9,689$9,037$8,428$7,859$6,691
8 years$8,996$8,305$7,664$7,070$6,520$5,407
9 years$7,915$7,231$6,601$6,022$5,491$4,432
10 years$7,051$6,374$5,755$5,191$4,678$3,673
11 years$6,345$5,674$5,066$4,518$4,023$3,071
12 years$5,757$5,093$4,496$3,963$3,487$2,585
13 years$5,260$4,602$4,017$3,498$3,040$2,188
14 years$4,834$4,183$3,609$3,105$2,665$1,861
15 years$4,465$3,822$3,259$2,769$2,347$1,588
16 years$4,142$3,506$2,955$2,480$2,074$1,360
17 years$3,858$3,229$2,689$2,228$1,839$1,168
18 years$3,606$2,984$2,454$2,008$1,635$1,005
19 years$3,380$2,765$2,247$1,814$1,457$867
20 years$3,178$2,570$2,062$1,643$1,302$749
21 years$2,995$2,394$1,897$1,491$1,165$647
22 years$2,828$2,234$1,748$1,356$1,044$561
23 years$2,677$2,090$1,614$1,235$937$486
24 years$2,538$1,958$1,493$1,126$842$422
25 years$2,411$1,837$1,383$1,029$758$366
26 years$2,293$1,727$1,282$941$683$318
27 years$2,185$1,625$1,191$861$616$276
28 years$2,084$1,531$1,107$789$556$240
29 years$1,990$1,445$1,030$723$502$209
30 years$1,903$1,364$959$664$453$182
31 years$1,822$1,290$894$610$410$159
32 years$1,746$1,220$835$560$371$138
33 years$1,674$1,156$779$515$335$120
34 years$1,607$1,095$728$474$304$105
35 years$1,544$1,039$681$436$275$91
36 years$1,485$986$637$402$249$80
37 years$1,429$937$596$370$226$69
38 years$1,376$890$558$341$205$61
39 years$1,326$846$523$315$186$53
40 years$1,278$805$490$290$168$46
41 years$1,233$767$460$268$153$40
42 years$1,190$730$431$247$139$35
43 years$1,150$696$405$228$126$31
44 years$1,111$663$380$211$114$27
45 years$1,074$632$357$195$104$23
46 years$1,039$603$335$180$94$20
47 years$1,005$576$315$166$86$18
48 years$973$549$296$153$78$15
49 years$942$525$278$142$71$13
50 years$913$501$261$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $935,000, adding $6,213 every year, while hoping to spend $21,129 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: 48/32/20 Blend
56$935,000$935,000$935,000$935,000
57$1,036,779$987,224$972,731$1,080,412
58$1,120,049$1,013,117$982,837$1,137,300
59$1,211,105$1,039,570$992,572$1,196,408
60$1,310,718$1,066,589$1,001,904$1,260,150
61$1,419,738$1,094,179$1,010,794$1,328,970
62$1,539,101$1,122,343$1,019,206$1,403,356
63$1,669,837$1,151,086$1,027,097$1,483,847
64$1,813,081$1,180,410$1,034,426$1,571,035
65$1,970,084$1,210,318$1,041,147$1,665,573
66$2,142,220$1,240,812$1,047,214$1,768,179
67$2,331,007$1,271,893$1,052,576$1,879,646
68$2,538,114$1,303,560$1,057,181$2,000,846
69$2,765,381$1,335,813$1,060,976$2,132,741
70$3,014,832$1,368,650$1,063,901$2,276,390
71$3,288,700$1,402,069$1,065,897$2,432,959
72$3,589,443$1,436,066$1,066,900$2,603,735
73$3,919,769$1,470,636$1,066,844$2,790,134
74$4,282,660$1,505,772$1,065,657$2,993,719
75$4,681,403$1,541,466$1,063,268$3,216,209
76$5,119,617$1,577,709$1,059,600$3,459,500
77$5,601,292$1,614,491$1,054,570$3,725,683
78$6,130,822$1,651,799$1,048,096$4,017,059
79$6,713,046$1,689,618$1,040,088$4,336,166
80$7,353,299$1,727,931$1,030,453$4,685,801
81$8,057,457$1,766,721$1,019,095$5,069,046
82$8,831,994$1,805,967$1,005,911$5,489,297
83$9,684,043$1,845,645$990,794$5,950,297
84$10,621,464$1,885,730$973,634$6,456,173
85$11,652,915$1,926,192$954,312$7,011,472
86$12,787,938$1,967,001$932,708$7,621,203
87$14,037,046$2,008,123$908,692$8,290,891
88$15,411,822$2,049,518$882,130$9,026,622
89$16,925,029$2,091,146$852,883$9,835,105
90$18,590,732$2,132,962$820,805$10,723,734
91$20,424,426$2,174,916$785,741$11,700,656
92$22,443,186$2,216,956$747,532$12,774,854
93$24,665,827$2,259,023$706,010$13,956,225
94$27,113,080$2,301,054$661,000$15,255,680
95$29,807,791$2,342,982$612,320$16,685,240
96$32,775,131$2,384,733$559,778$18,258,158
97$36,042,838$2,426,229$503,175$19,989,038
98$39,641,478$2,467,385$442,301$21,893,977
99$43,604,731$2,508,108$376,940$23,990,714
100$47,969,709$2,548,302$306,864$26,298,800