Can I retire at age 57 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$77,542$76,851$76,177$75,519$74,877$72,890
2 years$38,387$37,672$36,979$36,307$35,656$33,667
3 years$25,337$24,619$23,928$23,263$22,622$20,694
4 years$18,813$18,098$17,413$16,759$16,134$14,283
5 years$14,900$14,189$13,514$12,873$12,265$10,495
6 years$12,292$11,586$10,921$10,294$9,705$8,017
7 years$10,430$9,730$9,075$8,464$7,892$6,288
8 years$9,034$8,340$7,697$7,100$6,548$5,025
9 years$7,949$7,262$6,629$6,048$5,514$4,073
10 years$7,082$6,401$5,779$5,213$4,698$3,336
11 years$6,372$5,698$5,088$4,537$4,041$2,755
12 years$5,781$5,115$4,516$3,979$3,502$2,291
13 years$5,282$4,622$4,034$3,513$3,053$1,915
14 years$4,854$4,201$3,625$3,119$2,677$1,607
15 years$4,484$3,838$3,273$2,781$2,357$1,354
16 years$4,160$3,521$2,967$2,490$2,083$1,144
17 years$3,875$3,243$2,700$2,238$1,847$969
18 years$3,621$2,997$2,465$2,017$1,642$822
19 years$3,395$2,777$2,256$1,822$1,464$699
20 years$3,191$2,581$2,071$1,650$1,307$595
21 years$3,007$2,404$1,905$1,498$1,170$507
22 years$2,840$2,244$1,756$1,362$1,049$433
23 years$2,688$2,099$1,621$1,240$941$370
24 years$2,549$1,966$1,499$1,131$846$316
25 years$2,421$1,845$1,388$1,033$761$270
26 years$2,303$1,734$1,288$945$686$231
27 years$2,194$1,632$1,196$865$618$198
28 years$2,093$1,538$1,112$792$558$169
29 years$1,999$1,451$1,034$726$504$145
30 years$1,911$1,370$964$667$455$124
31 years$1,830$1,295$898$612$412$107
32 years$1,753$1,226$838$563$372$91
33 years$1,682$1,161$783$517$337$78
34 years$1,614$1,100$731$476$305$67
35 years$1,551$1,043$684$438$276$58
36 years$1,491$990$639$404$250$49
37 years$1,435$941$599$372$227$42
38 years$1,382$894$561$343$206$36
39 years$1,331$850$525$316$187$31
40 years$1,284$809$492$292$169$27
41 years$1,238$770$462$269$153$23
42 years$1,195$733$433$248$139$20
43 years$1,155$699$406$229$126$17
44 years$1,116$666$381$212$115$15
45 years$1,079$635$358$195$104$12
46 years$1,043$606$336$180$95$11
47 years$1,009$578$316$167$86$9
48 years$977$552$297$154$78$8
49 years$946$527$279$142$71$7
50 years$917$503$262$132$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $939,000, adding $6,447 every year, while hoping to spend $25,354 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: 63/13/24 Blend
56$939,000$939,000$939,000$939,000
57$1,041,428$991,661$977,107$1,100,093
58$1,120,677$1,013,276$982,863$1,162,133
59$1,207,160$1,035,100$987,963$1,226,483
60$1,301,588$1,057,117$992,357$1,296,202
61$1,404,743$1,079,309$995,994$1,371,818
62$1,517,487$1,101,656$998,820$1,453,913
63$1,640,769$1,124,136$1,000,779$1,543,130
64$1,775,634$1,146,725$1,001,812$1,640,176
65$1,923,231$1,169,397$1,001,855$1,745,830
66$2,084,828$1,192,124$1,000,844$1,860,952
67$2,261,818$1,214,876$998,710$1,986,488
68$2,455,738$1,237,619$995,381$2,123,483
69$2,668,279$1,260,318$990,782$2,273,088
70$2,901,304$1,282,934$984,834$2,436,570
71$3,156,864$1,305,426$977,453$2,615,329
72$3,437,220$1,327,747$968,554$2,810,906
73$3,744,861$1,349,851$958,044$3,024,999
74$4,082,527$1,371,685$945,830$3,259,482
75$4,453,240$1,393,192$931,810$3,516,418
76$4,860,326$1,414,314$915,882$3,798,084
77$5,307,450$1,434,986$897,934$4,106,989
78$5,798,649$1,455,139$877,853$4,445,896
79$6,338,369$1,474,699$855,520$4,817,855
80$6,931,512$1,493,588$830,809$5,226,224
81$7,583,473$1,511,722$803,588$5,674,709
82$8,300,201$1,529,009$773,722$6,167,390
83$9,088,246$1,545,355$741,066$6,708,768
84$9,954,827$1,560,657$705,471$7,303,803
85$10,907,895$1,574,806$666,780$7,957,963
86$11,956,213$1,587,684$624,831$8,677,273
87$13,109,435$1,599,168$579,450$9,468,378
88$14,378,196$1,609,127$530,461$10,338,600
89$15,774,217$1,617,418$477,676$11,296,008
90$17,310,409$1,623,894$420,900$12,349,500
91$19,001,000$1,628,394$359,930$13,508,881
92$20,861,667$1,630,750$294,552$14,784,959
93$22,909,682$1,630,782$224,545$16,189,646
94$25,164,079$1,628,300$149,677$17,736,072
95$27,645,830$1,623,101$69,705$19,438,711
96$30,378,041$1,614,970$0$21,313,514
97$33,386,177$1,603,679$0$23,382,066
98$36,698,295$1,588,987$0$25,679,051
99$40,345,310$1,570,637$0$28,208,028
100$44,361,290$1,548,357$0$30,992,610