Can I retire at age 57 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$77,294$76,606$75,934$75,278$74,638$72,249
2 years$38,264$37,552$36,861$36,191$35,542$33,157
3 years$25,256$24,540$23,852$23,188$22,549$20,243
4 years$18,753$18,040$17,358$16,706$16,082$13,873
5 years$14,853$14,143$13,470$12,832$12,226$10,119
6 years$12,253$11,549$10,886$10,262$9,674$7,671
7 years$10,397$9,699$9,046$8,437$7,867$5,969
8 years$9,006$8,314$7,672$7,077$6,527$4,731
9 years$7,924$7,239$6,608$6,028$5,496$3,802
10 years$7,059$6,381$5,761$5,196$4,683$3,087
11 years$6,352$5,680$5,072$4,522$4,028$2,527
12 years$5,763$5,098$4,501$3,967$3,490$2,081
13 years$5,265$4,607$4,021$3,502$3,044$1,723
14 years$4,839$4,188$3,613$3,109$2,668$1,433
15 years$4,470$3,826$3,262$2,772$2,349$1,195
16 years$4,147$3,510$2,958$2,482$2,076$1,000
17 years$3,862$3,233$2,691$2,230$1,841$838
18 years$3,610$2,987$2,457$2,010$1,637$704
19 years$3,384$2,768$2,249$1,816$1,459$592
20 years$3,181$2,573$2,064$1,645$1,303$499
21 years$2,998$2,396$1,899$1,493$1,166$421
22 years$2,831$2,237$1,750$1,357$1,045$355
23 years$2,680$2,092$1,616$1,236$938$300
24 years$2,541$1,960$1,494$1,128$843$253
25 years$2,413$1,839$1,384$1,030$759$214
26 years$2,296$1,729$1,284$942$684$181
27 years$2,187$1,627$1,192$862$616$153
28 years$2,086$1,533$1,108$790$556$130
29 years$1,993$1,446$1,031$724$502$110
30 years$1,905$1,366$960$665$454$93
31 years$1,824$1,291$895$610$410$79
32 years$1,748$1,222$835$561$371$67
33 years$1,676$1,157$780$516$336$57
34 years$1,609$1,097$729$475$304$48
35 years$1,546$1,040$681$437$275$41
36 years$1,487$987$637$402$250$35
37 years$1,430$938$597$371$226$29
38 years$1,377$891$559$342$205$25
39 years$1,327$847$523$315$186$21
40 years$1,280$806$491$291$169$18
41 years$1,235$767$460$268$153$15
42 years$1,192$731$432$247$139$13
43 years$1,151$696$405$228$126$11
44 years$1,112$664$380$211$114$9
45 years$1,075$633$357$195$104$8
46 years$1,040$604$335$180$94$7
47 years$1,006$576$315$166$86$6
48 years$974$550$296$154$78$5
49 years$943$525$278$142$71$4
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $936,000, adding $6,555 every year, while hoping to spend $26,167 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: 76/8/16 Blend
56$936,000$936,000$936,000$936,000
57$1,038,233$988,625$974,117$1,113,000
58$1,116,292$1,009,227$978,909$1,183,900
59$1,201,435$1,029,960$982,984$1,257,699
60$1,294,358$1,050,805$986,291$1,337,899
61$1,395,827$1,071,738$988,775$1,425,129
62$1,506,682$1,092,735$990,380$1,520,084
63$1,627,852$1,113,767$991,047$1,623,528
64$1,760,357$1,134,806$990,711$1,736,302
65$1,905,322$1,155,819$989,308$1,859,336
66$2,063,983$1,176,773$986,768$1,993,651
67$2,237,703$1,197,629$983,019$2,140,373
68$2,427,984$1,218,348$977,985$2,300,744
69$2,636,477$1,238,886$971,586$2,476,130
70$2,865,003$1,259,196$963,740$2,668,040
71$3,115,567$1,279,230$954,358$2,878,132
72$3,390,375$1,298,933$943,349$3,108,236
73$3,691,860$1,318,247$930,618$3,360,369
74$4,022,699$1,337,111$916,064$3,636,751
75$4,385,844$1,355,459$899,582$3,939,832
76$4,784,544$1,373,221$881,061$4,272,308
77$5,222,379$1,390,320$860,388$4,637,153
78$5,703,292$1,406,675$837,441$5,037,642
79$6,231,627$1,422,202$812,095$5,477,387
80$6,812,170$1,436,807$784,217$5,960,365
81$7,450,194$1,450,393$753,671$6,490,962
82$8,151,506$1,462,854$720,311$7,074,010
83$8,922,506$1,474,081$683,988$7,714,833
84$9,770,243$1,483,952$644,543$8,419,302
85$10,702,486$1,492,344$601,813$9,193,882
86$11,727,791$1,499,120$555,626$10,045,703
87$12,855,587$1,504,139$505,801$10,982,618
88$14,096,262$1,507,247$452,151$12,013,285
89$15,461,263$1,508,284$394,480$13,147,244
90$16,963,200$1,507,079$332,583$14,395,009
91$18,615,969$1,503,448$266,247$15,768,167
92$20,434,880$1,497,198$195,248$17,279,488
93$22,436,802$1,488,125$119,353$18,943,045
94$24,640,323$1,476,011$38,319$20,774,347
95$27,065,925$1,460,624$0$22,790,487
96$29,736,175$1,441,721$0$25,018,523
97$32,675,941$1,419,042$0$27,478,509
98$35,912,624$1,392,311$0$30,186,821
99$39,476,416$1,361,239$0$33,168,722
100$43,400,586$1,325,516$0$36,452,050