Can I retire at age 57 with 957,000?

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 $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%12.3%
1 years$79,028$78,324$77,637$76,967$76,313$75,578
2 years$39,123$38,394$37,688$37,003$36,339$35,600
3 years$25,823$25,091$24,387$23,708$23,055$22,333
4 years$19,174$18,445$17,747$17,081$16,443$15,744
5 years$15,186$14,461$13,773$13,120$12,500$11,826
6 years$12,528$11,808$11,130$10,492$9,891$9,243
7 years$10,630$9,917$9,249$8,626$8,044$7,422
8 years$9,208$8,500$7,844$7,236$6,673$6,078
9 years$8,102$7,401$6,756$6,164$5,620$5,050
10 years$7,217$6,524$5,890$5,313$4,788$4,245
11 years$6,494$5,808$5,186$4,624$4,118$3,600
12 years$5,892$5,213$4,602$4,056$3,569$3,075
13 years$5,383$4,711$4,112$3,581$3,112$2,643
14 years$4,947$4,282$3,694$3,178$2,728$2,282
15 years$4,570$3,912$3,336$2,835$2,402$1,979
16 years$4,240$3,589$3,024$2,538$2,123$1,722
17 years$3,949$3,305$2,752$2,280$1,882$1,503
18 years$3,691$3,054$2,512$2,055$1,674$1,315
19 years$3,460$2,831$2,300$1,857$1,492$1,153
20 years$3,253$2,630$2,111$1,682$1,332$1,013
21 years$3,065$2,450$1,941$1,526$1,192$891
22 years$2,895$2,287$1,789$1,388$1,069$786
23 years$2,740$2,139$1,652$1,264$959$693
24 years$2,598$2,004$1,528$1,153$862$612
25 years$2,467$1,881$1,415$1,053$776$541
26 years$2,347$1,768$1,312$963$699$479
27 years$2,236$1,663$1,219$881$630$424
28 years$2,133$1,568$1,133$807$569$376
29 years$2,037$1,479$1,054$740$513$333
30 years$1,948$1,397$982$679$464$295
31 years$1,865$1,320$916$624$419$262
32 years$1,787$1,249$854$573$379$233
33 years$1,714$1,183$798$527$343$207
34 years$1,645$1,121$745$485$311$184
35 years$1,581$1,063$697$447$282$163
36 years$1,520$1,009$652$411$255$145
37 years$1,463$959$610$379$231$129
38 years$1,408$911$571$349$210$115
39 years$1,357$866$535$322$190$102
40 years$1,308$824$502$297$172$91
41 years$1,262$785$470$274$156$81
42 years$1,218$747$441$253$142$72
43 years$1,177$712$414$234$129$64
44 years$1,137$679$389$216$117$57
45 years$1,099$647$365$199$106$51
46 years$1,063$617$343$184$96$45
47 years$1,029$589$322$170$88$40
48 years$996$562$303$157$79$36
49 years$964$537$284$145$72$32
50 years$934$513$267$134$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $957,000, adding $3,899 every year, while hoping to spend $51,091 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: 62/23/15 Blend
56$957,000$957,000$957,000$957,000
57$1,058,636$1,007,915$993,081$1,120,115
58$1,112,256$1,002,942$971,989$1,156,924
59$1,169,634$996,014$948,478$1,190,946
60$1,231,097$986,979$922,413$1,226,861
61$1,297,008$975,680$893,653$1,264,854
62$1,367,763$961,948$862,050$1,305,133
63$1,443,795$945,605$827,450$1,347,929
64$1,525,584$926,461$789,691$1,393,497
65$1,613,653$904,317$748,604$1,442,121
66$1,708,577$878,960$704,014$1,494,115
67$1,810,989$850,165$655,735$1,549,830
68$1,921,583$817,697$603,576$1,609,653
69$2,041,122$781,302$547,334$1,674,013
70$2,170,446$740,716$486,799$1,743,387
71$2,310,477$695,656$421,752$1,818,304
72$2,462,228$645,826$351,963$1,899,349
73$2,626,815$590,910$277,193$1,987,170
74$2,805,463$530,577$197,192$2,082,488
75$2,999,520$464,476$111,698$2,186,097
76$3,210,469$392,234$20,438$2,298,880
77$3,439,944$313,460$0$2,421,813
78$3,689,737$227,739$0$2,568,292
79$3,961,826$134,633$0$2,731,490
80$4,258,383$33,681$0$2,909,505
81$4,581,802$0$0$3,103,854
82$4,934,714$0$0$3,335,347
83$5,320,019$0$0$3,597,461
84$5,740,908$0$0$3,883,851
85$6,200,891$0$0$4,196,915
86$6,703,837$0$0$4,539,295
87$7,254,002$0$0$4,913,897
88$7,856,075$0$0$5,323,924
89$8,515,218$0$0$5,772,902
90$9,237,115$0$0$6,264,712
91$10,028,025$0$0$6,803,630
92$10,894,843$0$0$7,394,366
93$11,845,162$0$0$8,042,104
94$12,887,343$0$0$8,752,558
95$14,030,596$0$0$9,532,018
96$15,285,067$0$0$10,387,414
97$16,661,929$0$0$11,326,378
98$18,173,492$0$0$12,357,320
99$19,833,313$0$0$13,489,501
100$21,656,329$0$0$14,733,124