Can I retire at age 57 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$78,863$78,161$77,475$76,806$76,153$75,326
2 years$39,041$38,314$37,609$36,926$36,263$35,431
3 years$25,769$25,039$24,336$23,659$23,007$22,195
4 years$19,134$18,406$17,710$17,045$16,409$15,623
5 years$15,154$14,431$13,744$13,092$12,474$11,717
6 years$12,502$11,784$11,107$10,470$9,870$9,143
7 years$10,608$9,896$9,230$8,608$8,027$7,329
8 years$9,188$8,483$7,828$7,221$6,659$5,992
9 years$8,085$7,386$6,742$6,151$5,608$4,970
10 years$7,202$6,510$5,878$5,302$4,778$4,170
11 years$6,481$5,796$5,175$4,614$4,109$3,529
12 years$5,880$5,202$4,592$4,047$3,561$3,009
13 years$5,372$4,701$4,103$3,573$3,105$2,581
14 years$4,937$4,273$3,687$3,172$2,722$2,224
15 years$4,560$3,903$3,329$2,829$2,397$1,925
16 years$4,231$3,581$3,018$2,533$2,118$1,672
17 years$3,941$3,298$2,746$2,276$1,878$1,456
18 years$3,683$3,048$2,507$2,051$1,670$1,271
19 years$3,453$2,825$2,295$1,853$1,489$1,112
20 years$3,246$2,625$2,106$1,678$1,330$975
21 years$3,059$2,445$1,937$1,523$1,190$856
22 years$2,889$2,282$1,785$1,385$1,067$753
23 years$2,734$2,134$1,649$1,261$957$663
24 years$2,592$2,000$1,525$1,150$861$584
25 years$2,462$1,877$1,412$1,051$774$515
26 years$2,342$1,764$1,310$961$697$455
27 years$2,231$1,660$1,216$879$629$402
28 years$2,128$1,564$1,131$806$567$355
29 years$2,033$1,476$1,052$739$512$314
30 years$1,944$1,394$980$678$463$278
31 years$1,861$1,317$914$623$419$246
32 years$1,783$1,247$852$572$379$218
33 years$1,710$1,181$796$526$343$193
34 years$1,642$1,119$744$484$310$171
35 years$1,577$1,061$695$446$281$151
36 years$1,517$1,007$650$411$255$134
37 years$1,460$957$609$378$231$119
38 years$1,405$909$570$349$209$106
39 years$1,354$865$534$321$190$94
40 years$1,306$823$501$296$172$83
41 years$1,260$783$469$274$156$74
42 years$1,216$746$440$252$142$65
43 years$1,174$710$413$233$129$58
44 years$1,135$677$388$215$117$52
45 years$1,097$646$364$199$106$46
46 years$1,061$616$342$184$96$41
47 years$1,027$588$321$170$87$36
48 years$994$561$302$157$79$32
49 years$962$536$284$145$72$28
50 years$932$512$267$134$65$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $955,000, adding $5,595 every year, while hoping to spend $37,705 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: 34/46/20 Blend
56$955,000$955,000$955,000$955,000
57$1,058,181$1,007,566$992,764$1,087,506
58$1,125,998$1,016,819$985,904$1,118,895
59$1,199,468$1,025,262$977,550$1,148,851
60$1,279,129$1,032,815$967,613$1,180,372
61$1,365,570$1,039,393$955,998$1,213,620
62$1,459,442$1,044,906$942,607$1,248,773
63$1,561,458$1,049,260$927,337$1,286,032
64$1,672,404$1,052,351$910,080$1,325,620
65$1,793,144$1,054,071$890,723$1,367,785
66$1,924,629$1,054,305$869,147$1,412,804
67$2,067,907$1,052,931$845,229$1,460,983
68$2,224,128$1,049,819$818,839$1,512,667
69$2,394,560$1,044,832$789,841$1,568,234
70$2,580,599$1,037,823$758,095$1,628,109
71$2,783,781$1,028,637$723,451$1,692,760
72$3,005,796$1,017,109$685,756$1,762,712
73$3,248,505$1,003,066$644,847$1,838,543
74$3,513,959$986,322$600,556$1,920,897
75$3,804,413$966,682$552,705$2,010,489
76$4,122,353$943,939$501,110$2,108,112
77$4,470,514$917,873$445,578$2,214,646
78$4,851,909$888,252$385,908$2,331,066
79$5,269,857$854,829$321,889$2,458,452
80$5,728,012$817,345$253,301$2,598,004
81$6,230,398$775,524$179,916$2,751,049
82$6,781,449$729,075$101,493$2,919,058
83$7,386,046$677,689$17,783$3,103,660
84$8,049,569$621,042$0$3,306,660
85$8,777,941$558,789$0$3,545,323
86$9,577,687$490,565$0$3,811,635
87$10,455,995$415,988$0$4,104,303
88$11,420,785$334,649$0$4,426,097
89$12,480,779$246,121$0$4,780,080
90$13,645,587$149,949$0$5,169,632
91$14,925,796$45,656$0$5,598,488
92$16,333,070$0$0$6,070,775
93$17,880,259$0$0$6,625,097
94$19,581,519$0$0$7,260,185
95$21,452,448$0$0$7,958,771
96$23,510,230$0$0$8,727,292
97$25,773,800$0$0$9,572,838
98$28,264,018$0$0$10,503,224
99$31,003,869$0$0$11,527,059
100$34,018,677$0$0$12,653,830