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%15.5%
1 years$78,533$77,833$77,151$76,485$75,834$74,121
2 years$38,878$38,154$37,452$36,771$36,111$34,395
3 years$25,661$24,934$24,234$23,560$22,911$21,244
4 years$19,054$18,329$17,636$16,974$16,340$14,736
5 years$15,091$14,370$13,686$13,037$12,421$10,885
6 years$12,449$11,734$11,061$10,426$9,829$8,361
7 years$10,564$9,854$9,191$8,572$7,993$6,595
8 years$9,150$8,447$7,795$7,191$6,631$5,302
9 years$8,051$7,355$6,714$6,125$5,584$4,322
10 years$7,172$6,483$5,853$5,280$4,758$3,562
11 years$6,454$5,771$5,153$4,595$4,092$2,961
12 years$5,855$5,180$4,573$4,030$3,546$2,478
13 years$5,350$4,681$4,086$3,558$3,092$2,085
14 years$4,916$4,255$3,671$3,159$2,711$1,762
15 years$4,541$3,887$3,315$2,817$2,387$1,495
16 years$4,213$3,566$3,005$2,522$2,109$1,272
17 years$3,924$3,284$2,735$2,266$1,870$1,085
18 years$3,668$3,035$2,496$2,042$1,663$928
19 years$3,438$2,813$2,285$1,845$1,482$795
20 years$3,232$2,614$2,097$1,671$1,324$682
21 years$3,046$2,435$1,929$1,517$1,185$586
22 years$2,877$2,273$1,778$1,379$1,062$504
23 years$2,723$2,126$1,642$1,256$953$433
24 years$2,581$1,992$1,518$1,146$857$373
25 years$2,452$1,869$1,406$1,046$771$322
26 years$2,332$1,756$1,304$957$695$278
27 years$2,222$1,653$1,211$876$626$240
28 years$2,120$1,558$1,126$802$565$207
29 years$2,024$1,469$1,048$736$510$179
30 years$1,936$1,388$976$675$461$154
31 years$1,853$1,312$910$620$417$133
32 years$1,776$1,241$849$570$377$115
33 years$1,703$1,176$793$524$341$100
34 years$1,635$1,114$741$482$309$86
35 years$1,571$1,057$692$444$280$75
36 years$1,510$1,003$648$409$254$65
37 years$1,453$953$606$377$230$56
38 years$1,399$905$568$347$208$48
39 years$1,348$861$532$320$189$42
40 years$1,300$819$499$295$171$36
41 years$1,254$780$467$272$155$31
42 years$1,211$743$438$251$141$27
43 years$1,169$707$411$232$128$23
44 years$1,130$674$386$214$116$20
45 years$1,092$643$363$198$105$18
46 years$1,057$613$341$183$96$15
47 years$1,022$585$320$169$87$13
48 years$990$559$301$156$79$11
49 years$958$534$283$144$72$10
50 years$929$510$266$133$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $951,000, adding $6,507 every year, while hoping to spend $40,735 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: 60/18/22 Blend
56$951,000$951,000$951,000$951,000
57$1,054,714$1,004,311$989,570$1,111,490
58$1,118,953$1,010,180$979,379$1,156,630
59$1,188,379$1,014,972$967,482$1,200,840
60$1,263,479$1,018,591$953,777$1,248,172
61$1,344,786$1,020,934$938,161$1,298,936
62$1,432,888$1,021,893$920,523$1,353,476
63$1,528,430$1,021,354$900,748$1,412,170
64$1,632,124$1,019,194$878,717$1,475,439
65$1,744,750$1,015,284$854,304$1,543,745
66$1,867,168$1,009,486$827,376$1,617,602
67$2,000,322$1,001,654$797,796$1,697,574
68$2,145,253$991,634$765,421$1,784,289
69$2,303,106$979,261$730,099$1,878,438
70$2,475,139$964,361$691,674$1,980,785
71$2,662,739$946,750$649,981$2,092,174
72$2,867,431$926,234$604,848$2,213,539
73$3,090,894$902,604$556,095$2,345,909
74$3,334,975$875,642$503,535$2,490,423
75$3,601,711$845,117$446,972$2,648,337
76$3,893,341$810,783$386,201$2,821,042
77$4,212,331$772,381$321,008$3,010,068
78$4,561,397$729,636$251,170$3,217,111
79$4,943,529$682,257$176,453$3,444,039
80$5,362,020$629,939$96,615$3,692,917
81$5,820,496$572,356$11,402$3,966,022
82$6,322,951$509,165$0$4,265,871
83$6,873,781$440,004$0$4,613,911
84$7,477,832$364,489$0$4,998,606
85$8,140,439$282,217$0$5,420,728
86$8,867,477$192,759$0$5,884,081
87$9,665,419$95,663$0$6,392,859
88$10,541,395$0$0$6,951,686
89$11,503,260$0$0$7,567,549
90$12,559,663$0$0$8,264,834
91$13,720,137$0$0$9,030,891
92$14,995,179$0$0$9,872,662
93$16,396,357$0$0$10,797,793
94$17,936,413$0$0$11,814,708
95$19,629,385$0$0$12,932,688
96$21,490,738$0$0$14,161,958
97$23,537,513$0$0$15,513,783
98$25,788,483$0$0$17,000,574
99$28,264,332$0$0$18,636,005
100$30,987,847$0$0$20,435,144