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%19.4%
1 years$77,211$76,524$75,853$75,198$74,558$71,742
2 years$38,223$37,512$36,822$36,153$35,504$32,699
3 years$25,229$24,514$23,826$23,163$22,525$19,820
4 years$18,733$18,021$17,339$16,688$16,065$13,481
5 years$14,837$14,128$13,456$12,818$12,212$9,755
6 years$12,240$11,537$10,874$10,251$9,663$7,335
7 years$10,386$9,689$9,037$8,428$7,859$5,659
8 years$8,996$8,305$7,664$7,070$6,520$4,445
9 years$7,915$7,231$6,601$6,022$5,491$3,539
10 years$7,051$6,374$5,755$5,191$4,678$2,847
11 years$6,345$5,674$5,066$4,518$4,023$2,308
12 years$5,757$5,093$4,496$3,963$3,487$1,882
13 years$5,260$4,602$4,017$3,498$3,040$1,542
14 years$4,834$4,183$3,609$3,105$2,665$1,269
15 years$4,465$3,822$3,259$2,769$2,347$1,047
16 years$4,142$3,506$2,955$2,480$2,074$866
17 years$3,858$3,229$2,689$2,228$1,839$718
18 years$3,606$2,984$2,454$2,008$1,635$597
19 years$3,380$2,765$2,247$1,814$1,457$496
20 years$3,178$2,570$2,062$1,643$1,302$413
21 years$2,995$2,394$1,897$1,491$1,165$344
22 years$2,828$2,234$1,748$1,356$1,044$287
23 years$2,677$2,090$1,614$1,235$937$240
24 years$2,538$1,958$1,493$1,126$842$200
25 years$2,411$1,837$1,383$1,029$758$167
26 years$2,293$1,727$1,282$941$683$140
27 years$2,185$1,625$1,191$861$616$117
28 years$2,084$1,531$1,107$789$556$98
29 years$1,990$1,445$1,030$723$502$82
30 years$1,903$1,364$959$664$453$68
31 years$1,822$1,290$894$610$410$57
32 years$1,746$1,220$835$560$371$48
33 years$1,674$1,156$779$515$335$40
34 years$1,607$1,095$728$474$304$34
35 years$1,544$1,039$681$436$275$28
36 years$1,485$986$637$402$249$24
37 years$1,429$937$596$370$226$20
38 years$1,376$890$558$341$205$17
39 years$1,326$846$523$315$186$14
40 years$1,278$805$490$290$168$12
41 years$1,233$767$460$268$153$10
42 years$1,190$730$431$247$139$8
43 years$1,150$696$405$228$126$7
44 years$1,111$663$380$211$114$6
45 years$1,074$632$357$195$104$5
46 years$1,039$603$335$180$94$4
47 years$1,005$576$315$166$86$3
48 years$973$549$296$153$78$3
49 years$942$525$278$142$71$2
50 years$913$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $935,000, adding $4,295 every year, while hoping to spend $39,313 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: 73/22/5 Blend
56$935,000$935,000$935,000$935,000
57$1,034,800$985,245$970,753$1,109,609
58$1,098,521$991,694$961,444$1,165,898
59$1,167,424$997,140$950,506$1,222,133
60$1,241,996$1,001,495$937,843$1,282,592
61$1,322,772$1,004,661$923,353$1,347,677
62$1,410,341$1,006,535$906,932$1,417,833
63$1,505,351$1,007,011$888,469$1,493,550
64$1,608,513$1,005,970$867,849$1,575,368
65$1,720,611$1,003,292$844,951$1,663,882
66$1,842,505$998,846$819,649$1,759,750
67$1,975,144$992,493$791,811$1,863,695
68$2,119,571$984,086$761,299$1,976,515
69$2,276,932$973,472$727,967$2,099,090
70$2,448,490$960,483$691,665$2,232,389
71$2,635,636$944,947$652,236$2,377,484
72$2,839,899$926,677$609,514$2,535,553
73$3,062,963$905,479$563,327$2,707,897
74$3,306,681$881,143$513,494$2,895,949
75$3,573,094$853,451$459,828$3,101,292
76$3,864,450$822,169$402,132$3,325,669
77$4,183,220$787,052$340,200$3,571,003
78$4,532,130$747,839$273,818$3,839,413
79$4,914,179$704,255$202,763$4,133,239
80$5,332,670$656,008$126,800$4,455,058
81$5,791,239$602,790$45,685$4,807,712
82$6,293,894$544,275$0$5,194,337
83$6,845,047$480,120$0$5,620,569
84$7,449,555$409,959$0$6,090,781
85$8,112,773$333,410$0$6,606,751
86$8,840,595$250,066$0$7,173,128
87$9,639,514$159,498$0$7,795,036
88$10,516,685$61,254$0$8,478,126
89$11,479,985$0$0$9,228,626
90$12,538,097$0$0$10,064,331
91$13,700,581$0$0$10,998,808
92$14,977,972$0$0$12,025,701
93$16,381,875$0$0$13,154,345
94$17,925,074$0$0$14,395,025
95$19,621,656$0$0$15,759,070
96$21,487,138$0$0$17,258,964
97$23,538,617$0$0$18,908,460
98$25,794,931$0$0$20,722,710
99$28,276,833$0$0$22,718,410
100$31,007,190$0$0$24,913,954