Can I retire at age 57 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$79,028$78,324$77,637$76,967$76,313$73,664
2 years$39,123$38,394$37,688$37,003$36,339$33,698
3 years$25,823$25,091$24,387$23,708$23,055$20,504
4 years$19,174$18,445$17,747$17,081$16,443$14,002
5 years$15,186$14,461$13,773$13,120$12,500$10,175
6 years$12,528$11,808$11,130$10,492$9,891$7,685
7 years$10,630$9,917$9,249$8,626$8,044$5,956
8 years$9,208$8,500$7,844$7,236$6,673$4,701
9 years$8,102$7,401$6,756$6,164$5,620$3,761
10 years$7,217$6,524$5,890$5,313$4,788$3,041
11 years$6,494$5,808$5,186$4,624$4,118$2,478
12 years$5,892$5,213$4,602$4,056$3,569$2,031
13 years$5,383$4,711$4,112$3,581$3,112$1,674
14 years$4,947$4,282$3,694$3,178$2,728$1,385
15 years$4,570$3,912$3,336$2,835$2,402$1,149
16 years$4,240$3,589$3,024$2,538$2,123$957
17 years$3,949$3,305$2,752$2,280$1,882$798
18 years$3,691$3,054$2,512$2,055$1,674$667
19 years$3,460$2,831$2,300$1,857$1,492$558
20 years$3,253$2,630$2,111$1,682$1,332$467
21 years$3,065$2,450$1,941$1,526$1,192$392
22 years$2,895$2,287$1,789$1,388$1,069$329
23 years$2,740$2,139$1,652$1,264$959$276
24 years$2,598$2,004$1,528$1,153$862$232
25 years$2,467$1,881$1,415$1,053$776$195
26 years$2,347$1,768$1,312$963$699$164
27 years$2,236$1,663$1,219$881$630$138
28 years$2,133$1,568$1,133$807$569$116
29 years$2,037$1,479$1,054$740$513$98
30 years$1,948$1,397$982$679$464$83
31 years$1,865$1,320$916$624$419$70
32 years$1,787$1,249$854$573$379$59
33 years$1,714$1,183$798$527$343$49
34 years$1,645$1,121$745$485$311$42
35 years$1,581$1,063$697$447$282$35
36 years$1,520$1,009$652$411$255$30
37 years$1,463$959$610$379$231$25
38 years$1,408$911$571$349$210$21
39 years$1,357$866$535$322$190$18
40 years$1,308$824$502$297$172$15
41 years$1,262$785$470$274$156$13
42 years$1,218$747$441$253$142$11
43 years$1,177$712$414$234$129$9
44 years$1,137$679$389$216$117$8
45 years$1,099$647$365$199$106$6
46 years$1,063$617$343$184$96$5
47 years$1,029$589$322$170$88$5
48 years$996$562$303$157$79$4
49 years$964$537$284$145$72$3
50 years$934$513$267$134$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $957,000, adding $3,028 every year, while hoping to spend $26,620 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: 38/47/15 Blend
56$957,000$957,000$957,000$957,000
57$1,057,737$1,007,016$992,183$1,093,032
58$1,137,303$1,028,037$997,098$1,139,577
59$1,224,092$1,049,195$1,001,285$1,187,062
60$1,318,814$1,070,469$1,004,692$1,237,806
61$1,422,248$1,091,837$1,007,264$1,292,117
62$1,535,252$1,113,273$1,008,943$1,350,333
63$1,658,774$1,134,749$1,009,668$1,412,827
64$1,793,852$1,156,235$1,009,375$1,480,010
65$1,941,634$1,177,700$1,007,998$1,552,336
66$2,103,382$1,199,107$1,005,467$1,630,306
67$2,280,484$1,220,421$1,001,707$1,714,471
68$2,474,471$1,241,599$996,642$1,805,440
69$2,687,028$1,262,598$990,190$1,903,885
70$2,920,010$1,283,372$982,268$2,010,546
71$3,175,463$1,303,869$972,786$2,126,242
72$3,455,637$1,324,035$961,650$2,251,873
73$3,763,011$1,343,812$948,765$2,388,434
74$4,100,317$1,363,137$934,027$2,537,022
75$4,470,562$1,381,944$917,330$2,698,847
76$4,877,061$1,400,160$898,562$2,875,246
77$5,323,463$1,417,710$877,606$3,067,689
78$5,813,790$1,434,512$854,339$3,277,803
79$6,352,472$1,450,478$828,635$3,507,379
80$6,944,387$1,465,515$800,358$3,758,394
81$7,594,913$1,479,524$769,368$4,033,029
82$8,309,972$1,492,398$735,520$4,333,689
83$9,096,089$1,504,025$698,659$4,663,027
84$9,960,453$1,514,285$658,627$5,023,969
85$10,910,983$1,523,049$615,255$5,419,744
86$11,956,406$1,530,182$568,369$5,853,911
87$13,106,336$1,535,537$517,786$6,330,397
88$14,371,366$1,538,962$463,315$6,853,532
89$15,763,167$1,540,293$404,758$7,428,092
90$17,294,598$1,539,355$341,905$8,059,343
91$18,979,828$1,535,964$274,540$8,753,096
92$20,834,469$1,529,925$202,435$9,515,756
93$22,875,722$1,521,028$125,354$10,354,386
94$25,122,541$1,509,054$43,049$11,276,778
95$27,595,810$1,493,768$0$12,291,520
96$30,318,543$1,474,923$0$13,415,255
97$33,316,095$1,452,255$0$14,659,078
98$36,616,407$1,425,485$0$16,027,655
99$40,250,265$1,394,319$0$17,533,732
100$44,251,596$1,358,444$0$19,191,360