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%17%
1 years$78,863$78,161$77,475$76,806$76,153$73,982
2 years$39,041$38,314$37,609$36,926$36,263$34,093
3 years$25,769$25,039$24,336$23,659$23,007$20,905
4 years$19,134$18,406$17,710$17,045$16,409$14,392
5 years$15,154$14,431$13,744$13,092$12,474$10,547
6 years$12,502$11,784$11,107$10,470$9,870$8,036
7 years$10,608$9,896$9,230$8,608$8,027$6,285
8 years$9,188$8,483$7,828$7,221$6,659$5,008
9 years$8,085$7,386$6,742$6,151$5,608$4,046
10 years$7,202$6,510$5,878$5,302$4,778$3,304
11 years$6,481$5,796$5,175$4,614$4,109$2,720
12 years$5,880$5,202$4,592$4,047$3,561$2,254
13 years$5,372$4,701$4,103$3,573$3,105$1,878
14 years$4,937$4,273$3,687$3,172$2,722$1,571
15 years$4,560$3,903$3,329$2,829$2,397$1,319
16 years$4,231$3,581$3,018$2,533$2,118$1,110
17 years$3,941$3,298$2,746$2,276$1,878$937
18 years$3,683$3,048$2,507$2,051$1,670$792
19 years$3,453$2,825$2,295$1,853$1,489$671
20 years$3,246$2,625$2,106$1,678$1,330$569
21 years$3,059$2,445$1,937$1,523$1,190$483
22 years$2,889$2,282$1,785$1,385$1,067$411
23 years$2,734$2,134$1,649$1,261$957$349
24 years$2,592$2,000$1,525$1,150$861$297
25 years$2,462$1,877$1,412$1,051$774$253
26 years$2,342$1,764$1,310$961$697$216
27 years$2,231$1,660$1,216$879$629$184
28 years$2,128$1,564$1,131$806$567$157
29 years$2,033$1,476$1,052$739$512$134
30 years$1,944$1,394$980$678$463$114
31 years$1,861$1,317$914$623$419$98
32 years$1,783$1,247$852$572$379$83
33 years$1,710$1,181$796$526$343$71
34 years$1,642$1,119$744$484$310$61
35 years$1,577$1,061$695$446$281$52
36 years$1,517$1,007$650$411$255$44
37 years$1,460$957$609$378$231$38
38 years$1,405$909$570$349$209$32
39 years$1,354$865$534$321$190$28
40 years$1,306$823$501$296$172$24
41 years$1,260$783$469$274$156$20
42 years$1,216$746$440$252$142$17
43 years$1,174$710$413$233$129$15
44 years$1,135$677$388$215$117$13
45 years$1,097$646$364$199$106$11
46 years$1,061$616$342$184$96$9
47 years$1,027$588$321$170$87$8
48 years$994$561$302$157$79$7
49 years$962$536$284$145$72$6
50 years$932$512$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $955,000, adding $6,604 every year, while hoping to spend $37,723 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: 32/43/25 Blend
56$955,000$955,000$955,000$955,000
57$1,059,222$1,008,607$993,805$1,084,828
58$1,127,126$1,017,892$986,960$1,114,108
59$1,200,691$1,026,367$978,622$1,141,797
60$1,280,456$1,033,954$968,700$1,170,865
61$1,367,012$1,040,567$957,101$1,201,458
62$1,461,009$1,046,116$943,726$1,233,738
63$1,563,163$1,050,506$928,471$1,267,889
64$1,674,259$1,053,635$911,229$1,304,114
65$1,795,165$1,055,395$891,886$1,342,641
66$1,926,832$1,055,669$870,325$1,383,722
67$2,070,309$1,054,337$846,420$1,427,642
68$2,226,749$1,051,268$820,044$1,474,713
69$2,397,422$1,046,325$791,060$1,525,288
70$2,583,725$1,039,361$759,327$1,579,756
71$2,787,196$1,030,221$724,696$1,638,551
72$3,009,530$1,018,742$687,013$1,702,158
73$3,252,590$1,004,748$646,116$1,771,113
74$3,518,429$988,055$601,835$1,846,013
75$3,809,307$968,468$553,995$1,927,521
76$4,127,712$945,779$502,409$2,016,374
77$4,476,385$919,768$446,887$2,113,389
78$4,858,343$890,204$387,225$2,219,473
79$5,276,911$856,841$323,213$2,335,635
80$5,735,747$819,417$254,632$2,462,989
81$6,238,883$777,659$181,252$2,602,775
82$6,790,759$731,274$102,834$2,756,364
83$7,396,265$679,955$19,127$2,925,279
84$8,060,787$623,375$0$3,111,203
85$8,790,258$561,192$0$3,334,732
86$9,591,215$493,041$0$3,585,867
87$10,470,857$418,537$0$3,861,866
88$11,437,114$337,275$0$4,165,342
89$12,498,723$248,826$0$4,499,182
90$13,665,310$152,735$0$4,866,574
91$14,947,477$48,525$0$5,271,042
92$16,356,908$0$0$5,716,477
93$17,906,471$0$0$6,237,605
94$19,610,346$0$0$6,836,036
95$21,484,155$0$0$7,494,316
96$23,545,110$0$0$8,218,513
97$25,812,173$0$0$9,015,310
98$28,306,239$0$0$9,892,074
99$31,050,328$0$0$10,856,920
100$34,069,805$0$0$11,918,789