Can I retire at age 57 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$78,946$78,242$77,556$76,887$76,233$74,785
2 years$39,082$38,354$37,649$36,965$36,301$34,849
3 years$25,796$25,065$24,361$23,684$23,031$21,619
4 years$19,154$18,425$17,729$17,063$16,426$15,064
5 years$15,170$14,446$13,758$13,106$12,487$11,180
6 years$12,515$11,796$11,119$10,481$9,880$8,630
7 years$10,619$9,906$9,240$8,617$8,035$6,842
8 years$9,198$8,491$7,836$7,228$6,666$5,529
9 years$8,093$7,393$6,749$6,157$5,614$4,532
10 years$7,210$6,517$5,884$5,307$4,783$3,756
11 years$6,488$5,802$5,180$4,619$4,114$3,140
12 years$5,886$5,207$4,597$4,052$3,565$2,643
13 years$5,378$4,706$4,107$3,577$3,109$2,237
14 years$4,942$4,277$3,691$3,175$2,725$1,903
15 years$4,565$3,908$3,332$2,832$2,399$1,624
16 years$4,235$3,585$3,021$2,535$2,121$1,391
17 years$3,945$3,302$2,749$2,278$1,880$1,194
18 years$3,687$3,051$2,509$2,053$1,672$1,028
19 years$3,456$2,828$2,297$1,855$1,490$886
20 years$3,249$2,628$2,108$1,680$1,331$765
21 years$3,062$2,447$1,939$1,525$1,191$662
22 years$2,892$2,285$1,787$1,386$1,068$573
23 years$2,737$2,137$1,650$1,263$958$497
24 years$2,595$2,002$1,526$1,152$861$431
25 years$2,465$1,879$1,414$1,052$775$374
26 years$2,345$1,766$1,311$962$698$325
27 years$2,234$1,662$1,217$880$630$283
28 years$2,131$1,566$1,132$806$568$246
29 years$2,035$1,477$1,053$740$513$214
30 years$1,946$1,395$981$679$463$186
31 years$1,863$1,319$915$623$419$162
32 years$1,785$1,248$853$573$379$141
33 years$1,712$1,182$797$527$343$123
34 years$1,644$1,120$744$485$311$107
35 years$1,579$1,062$696$446$281$93
36 years$1,518$1,008$651$411$255$81
37 years$1,461$958$609$379$231$71
38 years$1,407$910$571$349$209$62
39 years$1,356$865$535$322$190$54
40 years$1,307$823$501$297$172$47
41 years$1,261$784$470$274$156$41
42 years$1,217$746$441$253$142$36
43 years$1,175$711$414$233$129$31
44 years$1,136$678$388$215$117$27
45 years$1,098$646$365$199$106$24
46 years$1,062$617$342$184$96$21
47 years$1,028$589$322$170$87$18
48 years$995$562$302$157$79$16
49 years$963$537$284$145$72$14
50 years$933$513$267$134$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $956,000, adding $4,538 every year, while hoping to spend $22,809 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: 39/45/16 Blend
56$956,000$956,000$956,000$956,000
57$1,058,193$1,007,525$992,707$1,094,232
58$1,141,860$1,032,625$1,001,694$1,145,470
59$1,233,297$1,058,191$1,010,218$1,198,297
60$1,333,271$1,084,220$1,018,238$1,254,930
61$1,442,630$1,110,712$1,025,714$1,315,727
62$1,562,304$1,137,663$1,032,602$1,381,078
63$1,693,320$1,165,069$1,038,855$1,451,415
64$1,836,806$1,192,925$1,044,424$1,527,213
65$1,994,008$1,221,226$1,049,259$1,608,996
66$2,166,294$1,249,963$1,053,307$1,697,340
67$2,355,173$1,279,129$1,056,510$1,792,879
68$2,562,308$1,308,713$1,058,810$1,896,315
69$2,789,528$1,338,705$1,060,145$2,008,418
70$3,038,849$1,369,090$1,060,449$2,130,037
71$3,312,492$1,399,856$1,059,654$2,262,109
72$3,612,902$1,430,985$1,057,689$2,405,666
73$3,942,774$1,462,459$1,054,477$2,561,844
74$4,305,075$1,494,258$1,049,941$2,731,896
75$4,703,076$1,526,360$1,043,997$2,917,204
76$5,140,378$1,558,739$1,036,558$3,119,289
77$5,620,948$1,591,369$1,027,535$3,339,829
78$6,149,158$1,624,220$1,016,831$3,580,674
79$6,729,825$1,657,259$1,004,347$3,843,860
80$7,368,253$1,690,451$989,979$4,131,634
81$8,070,288$1,723,756$973,616$4,446,473
82$8,842,371$1,757,134$955,146$4,791,105
83$9,691,597$1,790,538$934,448$5,168,539
84$10,625,784$1,823,919$911,396$5,582,091
85$11,653,546$1,857,223$885,860$6,035,416
86$12,784,374$1,890,393$857,702$6,532,544
87$14,028,725$1,923,366$826,780$7,077,915
88$15,398,120$1,956,076$792,942$7,676,425
89$16,905,255$1,988,451$756,032$8,333,471
90$18,564,118$2,020,412$715,886$9,055,000
91$20,390,123$2,051,877$672,334$9,847,570
92$22,400,253$2,082,757$625,194$10,718,409
93$24,613,222$2,112,955$574,282$11,675,482
94$27,049,650$2,142,369$519,400$12,727,572
95$29,732,259$2,170,890$460,344$13,884,359
96$32,686,086$2,198,401$396,903$15,156,512
97$35,938,720$2,224,775$328,851$16,555,792
98$39,520,559$2,249,879$255,958$18,095,164
99$43,465,103$2,273,569$177,979$19,788,916
100$47,809,264$2,295,695$94,662$21,652,800