Can I retire at age 57 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$78,780$78,079$77,394$76,726$76,073$74,967
2 years$39,000$38,274$37,570$36,887$36,225$35,114
3 years$25,742$25,012$24,310$23,634$22,983$21,900
4 years$19,114$18,387$17,692$17,027$16,392$15,345
5 years$15,138$14,415$13,729$13,078$12,461$11,454
6 years$12,489$11,771$11,095$10,459$9,860$8,895
7 years$10,597$9,886$9,220$8,599$8,019$7,095
8 years$9,179$8,474$7,820$7,213$6,652$5,770
9 years$8,076$7,378$6,735$6,144$5,602$4,761
10 years$7,195$6,503$5,872$5,296$4,773$3,972
11 years$6,474$5,789$5,169$4,609$4,105$3,344
12 years$5,874$5,196$4,588$4,043$3,557$2,835
13 years$5,366$4,696$4,099$3,569$3,102$2,417
14 years$4,932$4,268$3,683$3,169$2,719$2,071
15 years$4,556$3,899$3,325$2,826$2,394$1,781
16 years$4,227$3,578$3,015$2,530$2,116$1,537
17 years$3,937$3,295$2,743$2,273$1,876$1,330
18 years$3,679$3,045$2,504$2,049$1,668$1,154
19 years$3,449$2,822$2,292$1,851$1,487$1,003
20 years$3,242$2,622$2,104$1,677$1,328$873
21 years$3,055$2,442$1,935$1,522$1,189$762
22 years$2,886$2,280$1,784$1,384$1,065$665
23 years$2,731$2,132$1,647$1,260$956$582
24 years$2,590$1,998$1,523$1,149$860$509
25 years$2,460$1,875$1,411$1,050$774$446
26 years$2,340$1,762$1,308$960$697$391
27 years$2,229$1,658$1,215$878$628$343
28 years$2,126$1,563$1,129$805$567$301
29 years$2,031$1,474$1,051$738$512$264
30 years$1,942$1,392$979$677$462$232
31 years$1,859$1,316$913$622$418$204
32 years$1,781$1,245$852$572$378$179
33 years$1,708$1,179$795$526$342$157
34 years$1,640$1,118$743$484$310$138
35 years$1,576$1,060$695$445$281$122
36 years$1,515$1,006$650$410$254$107
37 years$1,458$956$608$378$230$94
38 years$1,404$908$569$348$209$83
39 years$1,353$864$534$321$189$73
40 years$1,304$822$500$296$172$64
41 years$1,258$782$469$273$156$57
42 years$1,215$745$440$252$141$50
43 years$1,173$710$413$233$128$44
44 years$1,133$677$387$215$117$39
45 years$1,096$645$364$199$106$34
46 years$1,060$615$342$183$96$30
47 years$1,026$587$321$169$87$26
48 years$993$561$302$157$79$23
49 years$961$535$284$145$72$20
50 years$931$511$267$134$65$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $954,000, adding $2,101 every year, while hoping to spend $41,733 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: 59/12/29 Blend
56$954,000$954,000$954,000$954,000
57$1,053,475$1,002,913$988,126$1,107,187
58$1,116,526$1,007,652$976,825$1,148,920
59$1,184,609$1,011,225$963,746$1,189,822
60$1,258,195$1,013,530$948,787$1,233,582
61$1,337,797$1,014,460$931,838$1,280,488
62$1,423,984$1,013,900$912,786$1,330,860
63$1,517,378$1,011,729$891,512$1,385,054
64$1,618,666$1,007,819$867,893$1,443,462
65$1,728,600$1,002,032$841,797$1,506,517
66$1,848,009$994,223$813,090$1,574,699
67$1,977,806$984,240$781,628$1,648,539
68$2,118,992$971,918$747,263$1,728,626
69$2,272,673$957,085$709,839$1,815,607
70$2,440,061$939,558$669,195$1,910,200
71$2,622,494$919,143$625,159$2,013,200
72$2,821,442$895,634$577,555$2,125,483
73$3,038,523$868,815$526,197$2,248,020
74$3,275,519$838,453$470,892$2,381,881
75$3,534,391$804,307$411,436$2,528,250
76$3,817,298$766,117$347,618$2,688,436
77$4,126,618$723,612$279,219$2,863,884
78$4,464,967$676,503$206,006$3,056,190
79$4,835,226$624,484$127,740$3,267,117
80$5,240,569$567,234$44,170$3,498,612
81$5,684,490$504,412$0$3,752,826
82$6,170,837$435,656$0$4,046,063
83$6,703,846$360,587$0$4,382,506
84$7,288,185$278,803$0$4,751,457
85$7,928,994$189,879$0$5,156,202
86$8,631,935$93,365$0$5,600,367
87$9,403,241$0$0$6,087,945
88$10,249,783$0$0$6,624,818
89$11,179,126$0$0$7,227,818
90$12,199,603$0$0$7,890,032
91$13,320,395$0$0$8,617,428
92$14,551,616$0$0$9,416,582
93$15,904,407$0$0$10,294,735
94$17,391,040$0$0$11,259,866
95$19,025,039$0$0$12,320,764
96$20,821,299$0$0$13,487,115
97$22,796,232$0$0$14,769,587
98$24,967,919$0$0$16,179,935
99$27,356,283$0$0$17,731,109
100$29,983,271$0$0$19,437,379