Can I retire at age 57 with 951,000?

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 $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%13.8%
1 years$78,533$77,833$77,151$76,485$75,834$74,639
2 years$38,878$38,154$37,452$36,771$36,111$34,911
3 years$25,661$24,934$24,234$23,560$22,911$21,741
4 years$19,054$18,329$17,636$16,974$16,340$15,211
5 years$15,091$14,370$13,686$13,037$12,421$11,337
6 years$12,449$11,734$11,061$10,426$9,829$8,789
7 years$10,564$9,854$9,191$8,572$7,993$6,999
8 years$9,150$8,447$7,795$7,191$6,631$5,682
9 years$8,051$7,355$6,714$6,125$5,584$4,680
10 years$7,172$6,483$5,853$5,280$4,758$3,898
11 years$6,454$5,771$5,153$4,595$4,092$3,275
12 years$5,855$5,180$4,573$4,030$3,546$2,771
13 years$5,350$4,681$4,086$3,558$3,092$2,358
14 years$4,916$4,255$3,671$3,159$2,711$2,016
15 years$4,541$3,887$3,315$2,817$2,387$1,730
16 years$4,213$3,566$3,005$2,522$2,109$1,490
17 years$3,924$3,284$2,735$2,266$1,870$1,287
18 years$3,668$3,035$2,496$2,042$1,663$1,114
19 years$3,438$2,813$2,285$1,845$1,482$966
20 years$3,232$2,614$2,097$1,671$1,324$840
21 years$3,046$2,435$1,929$1,517$1,185$730
22 years$2,877$2,273$1,778$1,379$1,062$636
23 years$2,723$2,126$1,642$1,256$953$555
24 years$2,581$1,992$1,518$1,146$857$485
25 years$2,452$1,869$1,406$1,046$771$423
26 years$2,332$1,756$1,304$957$695$370
27 years$2,222$1,653$1,211$876$626$324
28 years$2,120$1,558$1,126$802$565$284
29 years$2,024$1,469$1,048$736$510$248
30 years$1,936$1,388$976$675$461$218
31 years$1,853$1,312$910$620$417$191
32 years$1,776$1,241$849$570$377$167
33 years$1,703$1,176$793$524$341$147
34 years$1,635$1,114$741$482$309$129
35 years$1,571$1,057$692$444$280$113
36 years$1,510$1,003$648$409$254$99
37 years$1,453$953$606$377$230$87
38 years$1,399$905$568$347$208$76
39 years$1,348$861$532$320$189$67
40 years$1,300$819$499$295$171$59
41 years$1,254$780$467$272$155$52
42 years$1,211$743$438$251$141$45
43 years$1,169$707$411$232$128$40
44 years$1,130$674$386$214$116$35
45 years$1,092$643$363$198$105$31
46 years$1,057$613$341$183$96$27
47 years$1,022$585$320$169$87$24
48 years$990$559$301$156$79$21
49 years$958$534$283$144$72$18
50 years$929$510$266$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $951,000, adding $5,674 every year, while hoping to spend $29,968 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: 67/19/14 Blend
56$951,000$951,000$951,000$951,000
57$1,053,855$1,003,452$988,711$1,120,676
58$1,129,462$1,020,735$989,947$1,183,231
59$1,211,777$1,037,861$990,220$1,247,543
60$1,301,452$1,054,790$989,467$1,317,104
61$1,399,206$1,071,480$987,619$1,392,426
62$1,505,827$1,087,885$984,607$1,474,074
63$1,622,188$1,103,957$980,357$1,562,670
64$1,749,244$1,119,644$974,792$1,658,898
65$1,888,050$1,134,890$967,831$1,763,515
66$2,039,766$1,149,635$959,388$1,877,353
67$2,205,670$1,163,815$949,375$2,001,330
68$2,387,168$1,177,362$937,700$2,136,458
69$2,585,810$1,190,203$924,263$2,283,851
70$2,803,300$1,202,261$908,964$2,444,738
71$3,041,517$1,213,452$891,694$2,620,475
72$3,302,529$1,223,688$872,343$2,812,555
73$3,588,614$1,232,876$850,794$3,022,624
74$3,902,280$1,240,914$826,923$3,252,496
75$4,246,290$1,247,696$800,602$3,504,172
76$4,623,688$1,253,110$771,698$3,779,856
77$5,037,825$1,257,033$740,071$4,081,980
78$5,492,393$1,259,337$705,573$4,413,223
79$5,991,459$1,259,887$668,053$4,776,539
80$6,539,504$1,258,538$627,348$5,175,182
81$7,141,463$1,255,135$583,293$5,612,743
82$7,802,771$1,249,516$535,713$6,093,178
83$8,529,418$1,241,507$484,424$6,620,848
84$9,328,003$1,230,924$429,236$7,200,560
85$10,205,793$1,217,574$369,950$7,837,614
86$11,170,798$1,201,249$306,357$8,537,851
87$12,231,840$1,181,730$238,240$9,307,712
88$13,398,639$1,158,786$165,372$10,154,293
89$14,681,904$1,132,171$87,517$11,085,420
90$16,093,436$1,101,625$4,426$12,109,716
91$17,646,235$1,066,873$0$13,236,689
92$19,354,623$1,027,623$0$14,489,401
93$21,234,385$983,566$0$15,868,344
94$23,302,908$934,376$0$17,385,627
95$25,579,352$879,709$0$19,055,331
96$28,084,830$819,199$0$20,892,968
97$30,842,603$752,459$0$22,915,636
98$33,878,302$679,083$0$25,142,179
99$37,220,169$598,639$0$27,593,364
100$40,899,325$510,670$0$30,292,075