Can I retire at age 57 with 949,000?

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 $949,000?

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$78,368$77,669$76,988$76,324$75,675$73,666
2 years$38,796$38,073$37,373$36,694$36,036$34,026
3 years$25,607$24,881$24,183$23,510$22,862$20,915
4 years$19,014$18,290$17,599$16,938$16,306$14,435
5 years$15,059$14,340$13,657$13,010$12,395$10,606
6 years$12,423$11,710$11,037$10,404$9,808$8,103
7 years$10,541$9,834$9,172$8,554$7,977$6,355
8 years$9,131$8,429$7,779$7,176$6,617$5,079
9 years$8,034$7,339$6,700$6,112$5,573$4,116
10 years$7,157$6,469$5,841$5,269$4,748$3,371
11 years$6,440$5,759$5,142$4,585$4,084$2,785
12 years$5,843$5,169$4,564$4,022$3,539$2,315
13 years$5,338$4,671$4,077$3,551$3,086$1,935
14 years$4,906$4,246$3,663$3,152$2,705$1,624
15 years$4,532$3,879$3,308$2,811$2,382$1,368
16 years$4,204$3,559$2,999$2,517$2,105$1,156
17 years$3,916$3,278$2,729$2,261$1,866$979
18 years$3,660$3,029$2,491$2,038$1,660$831
19 years$3,431$2,807$2,280$1,842$1,479$706
20 years$3,225$2,608$2,093$1,668$1,321$601
21 years$3,039$2,430$1,925$1,514$1,182$513
22 years$2,871$2,268$1,774$1,376$1,060$437
23 years$2,717$2,121$1,638$1,253$951$374
24 years$2,576$1,987$1,515$1,143$855$319
25 years$2,447$1,865$1,403$1,044$769$273
26 years$2,327$1,753$1,301$955$693$234
27 years$2,217$1,650$1,209$874$625$200
28 years$2,115$1,554$1,123$801$564$171
29 years$2,020$1,466$1,045$734$509$147
30 years$1,932$1,385$974$674$460$126
31 years$1,849$1,309$908$619$416$108
32 years$1,772$1,239$847$569$376$92
33 years$1,700$1,173$791$523$340$79
34 years$1,632$1,112$739$481$308$68
35 years$1,568$1,055$691$443$279$58
36 years$1,507$1,001$646$408$253$50
37 years$1,450$951$605$376$229$43
38 years$1,397$903$566$346$208$37
39 years$1,346$859$531$319$189$32
40 years$1,297$817$497$295$171$27
41 years$1,252$778$466$272$155$23
42 years$1,208$741$438$251$141$20
43 years$1,167$706$411$232$128$17
44 years$1,128$673$385$214$116$15
45 years$1,090$642$362$197$105$13
46 years$1,054$612$340$182$96$11
47 years$1,020$584$319$169$87$9
48 years$988$558$300$156$79$8
49 years$956$533$282$144$72$7
50 years$927$509$265$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $949,000, adding $4,027 every year, while hoping to spend $35,832 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: 58/26/16 Blend
56$949,000$949,000$949,000$949,000
57$1,049,952$999,655$984,945$1,106,283
58$1,118,922$1,010,513$979,816$1,155,745
59$1,193,726$1,020,702$973,314$1,205,354
60$1,274,921$1,030,152$965,355$1,258,608
61$1,363,121$1,038,787$955,852$1,315,864
62$1,458,999$1,046,527$944,713$1,377,516
63$1,563,297$1,053,287$931,841$1,443,999
64$1,676,831$1,058,975$917,135$1,515,793
65$1,800,498$1,063,496$900,490$1,593,429
66$1,935,288$1,066,746$881,795$1,677,492
67$2,082,287$1,068,617$860,935$1,768,627
68$2,242,693$1,068,991$837,789$1,867,549
69$2,417,822$1,067,746$812,229$1,975,045
70$2,609,125$1,064,751$784,124$2,091,985
71$2,818,199$1,059,867$753,335$2,219,328
72$3,046,800$1,052,946$719,717$2,358,133
73$3,296,866$1,043,832$683,120$2,509,570
74$3,570,525$1,032,359$643,384$2,674,931
75$3,870,126$1,018,352$600,344$2,855,638
76$4,198,251$1,001,623$553,827$3,053,265
77$4,557,746$981,976$503,654$3,269,547
78$4,951,744$959,201$449,635$3,506,398
79$5,383,698$933,077$391,573$3,765,932
80$5,857,407$903,370$329,263$4,050,480
81$6,377,058$869,831$262,489$4,362,615
82$6,947,264$832,198$191,028$4,705,176
83$7,573,102$790,193$114,644$5,081,294
84$8,260,168$743,522$33,094$5,494,427
85$9,014,624$691,874$0$5,948,385
86$9,843,261$634,921$0$6,456,583
87$10,753,557$572,316$0$7,021,081
88$11,753,751$503,690$0$7,641,388
89$12,852,920$428,657$0$8,323,199
90$14,061,063$346,807$0$9,072,795
91$15,389,196$257,705$0$9,897,098
92$16,849,457$160,896$0$10,803,741
93$18,455,218$55,896$0$11,801,137
94$20,221,210$0$0$12,898,565
95$22,163,666$0$0$14,122,789
96$24,300,469$0$0$15,487,183
97$26,651,323$0$0$16,988,346
98$29,237,939$0$0$18,640,155
99$32,084,237$0$0$20,457,897
100$35,216,574$0$0$22,458,416