Can I retire at age 57 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$78,698$77,997$77,313$76,645$75,994$75,106
2 years$38,959$38,234$37,531$36,849$36,187$35,294
3 years$25,715$24,986$24,285$23,609$22,959$22,088
4 years$19,094$18,367$17,673$17,009$16,374$15,532
5 years$15,122$14,400$13,715$13,065$12,448$11,636
6 years$12,476$11,759$11,084$10,448$9,849$9,070
7 years$10,586$9,875$9,211$8,590$8,010$7,263
8 years$9,169$8,465$7,811$7,206$6,645$5,931
9 years$8,068$7,370$6,728$6,138$5,596$4,914
10 years$7,187$6,496$5,866$5,291$4,768$4,117
11 years$6,467$5,783$5,164$4,605$4,101$3,481
12 years$5,868$5,191$4,583$4,039$3,554$2,964
13 years$5,361$4,691$4,095$3,566$3,099$2,539
14 years$4,927$4,264$3,679$3,165$2,716$2,185
15 years$4,551$3,895$3,322$2,823$2,392$1,889
16 years$4,222$3,574$3,012$2,528$2,114$1,638
17 years$3,933$3,291$2,740$2,271$1,874$1,424
18 years$3,675$3,041$2,502$2,047$1,667$1,242
19 years$3,446$2,819$2,290$1,849$1,485$1,085
20 years$3,239$2,619$2,102$1,675$1,327$950
21 years$3,052$2,440$1,933$1,520$1,187$833
22 years$2,883$2,277$1,782$1,382$1,064$731
23 years$2,728$2,130$1,645$1,259$955$642
24 years$2,587$1,996$1,521$1,148$859$565
25 years$2,457$1,873$1,409$1,048$773$498
26 years$2,337$1,760$1,307$959$696$439
27 years$2,227$1,657$1,214$877$628$387
28 years$2,124$1,561$1,128$804$566$342
29 years$2,029$1,473$1,050$737$511$302
30 years$1,940$1,391$978$677$462$266
31 years$1,857$1,315$912$621$418$235
32 years$1,779$1,244$851$571$378$208
33 years$1,707$1,178$794$525$342$184
34 years$1,638$1,117$742$483$310$163
35 years$1,574$1,059$694$445$280$144
36 years$1,514$1,005$649$410$254$127
37 years$1,456$955$607$377$230$113
38 years$1,402$907$569$348$209$100
39 years$1,351$863$533$321$189$88
40 years$1,303$821$500$296$172$78
41 years$1,257$781$468$273$156$69
42 years$1,213$744$439$252$141$61
43 years$1,172$709$412$233$128$54
44 years$1,132$676$387$215$116$48
45 years$1,095$644$363$198$106$43
46 years$1,059$615$341$183$96$38
47 years$1,024$587$321$169$87$34
48 years$992$560$301$156$79$30
49 years$960$535$283$145$72$26
50 years$930$511$266$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $953,000, adding $6,078 every year, while hoping to spend $34,052 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: 27/50/23 Blend
56$953,000$953,000$953,000$953,000
57$1,056,475$1,005,966$991,195$1,077,211
58$1,128,005$1,019,028$988,169$1,107,164
59$1,205,689$1,031,588$983,900$1,135,919
60$1,290,120$1,043,586$978,311$1,166,076
61$1,381,948$1,054,958$971,321$1,197,774
62$1,481,890$1,065,634$962,844$1,231,170
63$1,590,735$1,075,542$952,790$1,266,440
64$1,709,348$1,084,602$941,068$1,303,777
65$1,838,686$1,092,732$927,578$1,343,400
66$1,979,798$1,099,842$912,218$1,385,549
67$2,133,841$1,105,838$894,880$1,430,494
68$2,302,088$1,110,618$875,454$1,478,534
69$2,485,939$1,114,077$853,820$1,530,002
70$2,686,938$1,116,100$829,856$1,585,268
71$2,906,783$1,116,566$803,433$1,644,743
72$3,147,344$1,115,347$774,418$1,708,885
73$3,410,681$1,112,307$742,668$1,778,202
74$3,699,060$1,107,300$708,038$1,853,257
75$4,014,980$1,100,173$670,373$1,934,676
76$4,361,190$1,090,764$629,512$2,023,155
77$4,740,719$1,078,899$585,288$2,119,464
78$5,156,902$1,064,395$537,525$2,224,457
79$5,613,414$1,047,058$486,040$2,339,083
80$6,114,301$1,026,683$430,642$2,464,393
81$6,664,021$1,003,051$371,129$2,601,550
82$7,267,483$975,933$307,294$2,751,846
83$7,930,096$945,083$238,918$2,916,709
84$8,657,817$910,244$165,773$3,097,723
85$9,457,210$871,141$87,622$3,296,641
86$10,335,504$827,485$4,215$3,515,402
87$11,300,664$778,971$0$3,756,156
88$12,361,465$725,274$0$4,042,088
89$13,527,574$666,051$0$4,357,475
90$14,809,641$600,943$0$4,704,260
91$16,219,400$529,564$0$5,085,734
92$17,769,778$451,513$0$5,505,530
93$19,475,019$366,360$0$5,967,662
94$21,350,815$273,656$0$6,476,562
95$23,414,457$172,924$0$7,037,124
96$25,684,995$63,661$0$7,654,751
97$28,183,419$0$0$8,335,410
98$30,932,857$0$0$9,115,764
99$33,958,792$0$0$10,013,329
100$37,289,301$0$0$11,001,430