Can I retire at age 57 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$78,533$77,833$77,151$76,485$75,834$73,260
2 years$38,878$38,154$37,452$36,771$36,111$33,544
3 years$25,661$24,934$24,234$23,560$22,911$20,430
4 years$19,054$18,329$17,636$16,974$16,340$13,966
5 years$15,091$14,370$13,686$13,037$12,421$10,160
6 years$12,449$11,734$11,061$10,426$9,829$7,681
7 years$10,564$9,854$9,191$8,572$7,993$5,960
8 years$9,150$8,447$7,795$7,191$6,631$4,710
9 years$8,051$7,355$6,714$6,125$5,584$3,773
10 years$7,172$6,483$5,853$5,280$4,758$3,054
11 years$6,454$5,771$5,153$4,595$4,092$2,492
12 years$5,855$5,180$4,573$4,030$3,546$2,046
13 years$5,350$4,681$4,086$3,558$3,092$1,688
14 years$4,916$4,255$3,671$3,159$2,711$1,398
15 years$4,541$3,887$3,315$2,817$2,387$1,162
16 years$4,213$3,566$3,005$2,522$2,109$969
17 years$3,924$3,284$2,735$2,266$1,870$809
18 years$3,668$3,035$2,496$2,042$1,663$677
19 years$3,438$2,813$2,285$1,845$1,482$567
20 years$3,232$2,614$2,097$1,671$1,324$476
21 years$3,046$2,435$1,929$1,517$1,185$400
22 years$2,877$2,273$1,778$1,379$1,062$336
23 years$2,723$2,126$1,642$1,256$953$283
24 years$2,581$1,992$1,518$1,146$857$238
25 years$2,452$1,869$1,406$1,046$771$201
26 years$2,332$1,756$1,304$957$695$169
27 years$2,222$1,653$1,211$876$626$142
28 years$2,120$1,558$1,126$802$565$120
29 years$2,024$1,469$1,048$736$510$101
30 years$1,936$1,388$976$675$461$85
31 years$1,853$1,312$910$620$417$72
32 years$1,776$1,241$849$570$377$61
33 years$1,703$1,176$793$524$341$51
34 years$1,635$1,114$741$482$309$43
35 years$1,571$1,057$692$444$280$37
36 years$1,510$1,003$648$409$254$31
37 years$1,453$953$606$377$230$26
38 years$1,399$905$568$347$208$22
39 years$1,348$861$532$320$189$19
40 years$1,300$819$499$295$171$16
41 years$1,254$780$467$272$155$13
42 years$1,211$743$438$251$141$11
43 years$1,169$707$411$232$128$9
44 years$1,130$674$386$214$116$8
45 years$1,092$643$363$198$105$7
46 years$1,057$613$341$183$96$6
47 years$1,022$585$320$169$87$5
48 years$990$559$301$156$79$4
49 years$958$534$283$144$72$3
50 years$929$510$266$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $951,000, adding $2,810 every year, while hoping to spend $32,962 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: 46/41/13 Blend
56$951,000$951,000$951,000$951,000
57$1,050,901$1,000,498$985,757$1,095,261
58$1,123,021$1,014,451$983,709$1,140,256
59$1,201,393$1,027,983$980,487$1,185,450
60$1,286,620$1,041,038$976,017$1,233,749
61$1,379,364$1,053,558$970,223$1,285,453
62$1,480,355$1,065,479$963,022$1,340,894
63$1,590,397$1,076,733$954,329$1,400,438
64$1,710,374$1,087,249$944,055$1,464,491
65$1,841,257$1,096,949$932,106$1,533,500
66$1,984,118$1,105,752$918,384$1,607,959
67$2,140,134$1,113,570$902,786$1,688,415
68$2,310,604$1,120,312$885,206$1,775,471
69$2,496,955$1,125,877$865,530$1,869,794
70$2,700,761$1,130,160$843,641$1,972,119
71$2,923,751$1,133,051$819,416$2,083,260
72$3,167,834$1,134,430$792,726$2,204,116
73$3,435,107$1,134,172$763,436$2,335,677
74$3,727,883$1,132,141$731,407$2,479,040
75$4,048,707$1,128,196$696,489$2,635,414
76$4,400,384$1,122,187$658,530$2,806,135
77$4,786,002$1,113,952$617,369$2,992,678
78$5,208,960$1,103,322$572,838$3,196,672
79$5,673,007$1,090,118$524,760$3,419,914
80$6,182,267$1,074,147$472,953$3,664,390
81$6,741,286$1,055,208$417,225$3,932,291
82$7,355,070$1,033,086$357,375$4,226,036
83$8,029,135$1,007,555$293,195$4,548,295
84$8,769,556$978,374$224,466$4,902,016
85$9,583,025$945,289$150,960$5,290,451
86$10,476,916$908,031$72,440$5,717,190
87$11,459,351$866,314$0$6,186,195
88$12,539,279$819,837$0$6,703,414
89$13,726,558$768,282$0$7,282,919
90$15,032,050$711,311$0$7,920,015
91$16,467,722$648,568$0$8,620,613
92$18,046,759$579,677$0$9,391,235
93$19,783,686$504,239$0$10,239,073
94$21,694,508$421,833$0$11,172,059
95$23,796,860$332,015$0$12,198,941
96$26,110,172$234,316$0$13,329,366
97$28,655,852$128,239$0$14,573,974
98$31,457,487$13,262$0$15,944,495
99$34,541,070$0$0$17,453,868
100$37,935,239$0$0$19,166,514