Can I retire at age 57 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$78,615$77,915$77,232$76,565$75,914$74,412
2 years$38,918$38,194$37,491$36,810$36,149$34,642
3 years$25,688$24,960$24,259$23,585$22,935$21,470
4 years$19,074$18,348$17,655$16,991$16,357$14,945
5 years$15,107$14,385$13,701$13,051$12,434$11,080
6 years$12,463$11,747$11,072$10,437$9,839$8,544
7 years$10,575$9,865$9,201$8,581$8,002$6,765
8 years$9,159$8,456$7,803$7,198$6,638$5,461
9 years$8,059$7,362$6,721$6,131$5,590$4,471
10 years$7,180$6,490$5,859$5,285$4,763$3,701
11 years$6,460$5,777$5,159$4,600$4,097$3,090
12 years$5,862$5,185$4,578$4,035$3,550$2,598
13 years$5,355$4,686$4,090$3,562$3,096$2,196
14 years$4,921$4,260$3,675$3,162$2,714$1,865
15 years$4,546$3,891$3,318$2,820$2,389$1,590
16 years$4,218$3,570$3,008$2,525$2,112$1,360
17 years$3,928$3,288$2,737$2,269$1,872$1,166
18 years$3,671$3,038$2,499$2,044$1,665$1,002
19 years$3,442$2,816$2,288$1,847$1,484$862
20 years$3,236$2,617$2,100$1,673$1,325$744
21 years$3,049$2,437$1,931$1,518$1,186$642
22 years$2,880$2,275$1,780$1,381$1,063$555
23 years$2,725$2,128$1,643$1,257$954$481
24 years$2,584$1,994$1,520$1,147$858$416
25 years$2,454$1,871$1,408$1,047$772$361
26 years$2,335$1,758$1,306$958$695$313
27 years$2,224$1,655$1,212$877$627$272
28 years$2,122$1,559$1,127$803$566$236
29 years$2,027$1,471$1,049$736$511$205
30 years$1,938$1,389$977$676$461$178
31 years$1,855$1,313$911$621$417$155
32 years$1,778$1,243$850$570$377$135
33 years$1,705$1,177$793$525$342$117
34 years$1,637$1,115$741$483$309$102
35 years$1,572$1,058$693$444$280$89
36 years$1,512$1,004$648$409$254$77
37 years$1,455$954$607$377$230$67
38 years$1,401$906$568$348$209$58
39 years$1,350$862$532$320$189$51
40 years$1,302$820$499$296$172$44
41 years$1,256$781$468$273$156$39
42 years$1,212$743$439$252$141$34
43 years$1,171$708$412$232$128$29
44 years$1,131$675$387$214$116$25
45 years$1,094$644$363$198$106$22
46 years$1,058$614$341$183$96$19
47 years$1,023$586$320$169$87$17
48 years$991$559$301$156$79$15
49 years$959$534$283$144$72$13
50 years$929$510$266$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $952,000, adding $2,226 every year, while hoping to spend $51,572 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: 88/6/6 Blend
56$952,000$952,000$952,000$952,000
57$1,051,400$1,000,944$986,188$1,143,541
58$1,103,771$995,118$964,353$1,198,022
59$1,159,755$987,278$940,058$1,250,477
60$1,219,666$977,271$913,167$1,306,448
61$1,283,849$964,935$883,535$1,366,250
62$1,352,682$950,097$851,014$1,430,231
63$1,426,579$932,575$815,446$1,498,770
64$1,505,996$912,177$776,669$1,572,288
65$1,591,430$888,696$734,510$1,651,244
66$1,683,432$861,918$688,792$1,736,146
67$1,782,602$831,612$639,327$1,827,553
68$1,889,603$797,537$585,920$1,926,078
69$2,005,161$759,434$528,366$2,032,397
70$2,130,074$717,034$466,454$2,147,256
71$2,265,221$670,048$399,959$2,271,473
72$2,411,566$618,173$328,651$2,405,950
73$2,570,170$561,087$252,285$2,551,682
74$2,742,199$498,453$170,608$2,709,763
75$2,928,936$429,910$83,356$2,881,398
76$3,131,792$355,080$0$3,067,914
77$3,352,319$273,562$0$3,271,397
78$3,592,223$184,935$0$3,498,571
79$3,853,384$88,750$0$3,745,885
80$4,137,868$0$0$4,015,315
81$4,447,949$0$0$4,310,057
82$4,786,131$0$0$4,637,906
83$5,155,170$0$0$4,995,674
84$5,558,097$0$0$5,386,303
85$5,998,251$0$0$5,813,030
86$6,479,308$0$0$6,279,419
87$7,005,313$0$0$6,789,394
88$7,580,723$0$0$7,347,274
89$8,210,441$0$0$7,957,817
90$8,899,870$0$0$8,626,261
91$9,654,957$0$0$9,358,374
92$10,482,253$0$0$10,160,507
93$11,388,972$0$0$11,039,657
94$12,383,059$0$0$12,003,527
95$13,473,263$0$0$13,060,604
96$14,669,223$0$0$14,220,233
97$15,981,554$0$0$15,492,709
98$17,421,948$0$0$16,889,371
99$19,003,287$0$0$18,422,710
100$20,739,758$0$0$20,106,483