Can I retire at age 57 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$79,111$78,406$77,719$77,048$76,392$73,361
2 years$39,164$38,434$37,727$37,042$36,377$33,361
3 years$25,850$25,117$24,412$23,733$23,079$20,173
4 years$19,194$18,464$17,766$17,098$16,460$13,686
5 years$15,202$14,476$13,787$13,133$12,513$9,878
6 years$12,541$11,821$11,142$10,503$9,901$7,407
7 years$10,641$9,927$9,259$8,635$8,052$5,698
8 years$9,217$8,509$7,852$7,244$6,680$4,463
9 years$8,110$7,409$6,763$6,170$5,626$3,542
10 years$7,225$6,531$5,896$5,319$4,793$2,840
11 years$6,501$5,814$5,191$4,629$4,122$2,295
12 years$5,898$5,218$4,607$4,060$3,572$1,865
13 years$5,389$4,716$4,116$3,584$3,115$1,523
14 years$4,952$4,286$3,698$3,182$2,731$1,249
15 years$4,575$3,916$3,339$2,838$2,404$1,027
16 years$4,244$3,593$3,027$2,541$2,125$847
17 years$3,953$3,309$2,755$2,283$1,884$699
18 years$3,695$3,057$2,515$2,057$1,675$579
19 years$3,464$2,833$2,302$1,859$1,493$480
20 years$3,256$2,633$2,113$1,684$1,334$398
21 years$3,068$2,453$1,943$1,528$1,194$330
22 years$2,898$2,289$1,791$1,389$1,070$274
23 years$2,743$2,141$1,654$1,265$960$228
24 years$2,600$2,006$1,529$1,154$863$190
25 years$2,470$1,883$1,417$1,054$777$158
26 years$2,350$1,769$1,314$964$700$131
27 years$2,238$1,665$1,220$882$631$110
28 years$2,135$1,569$1,134$808$569$91
29 years$2,039$1,480$1,055$741$514$76
30 years$1,950$1,398$983$680$464$63
31 years$1,867$1,322$916$625$420$53
32 years$1,789$1,250$855$574$380$44
33 years$1,716$1,184$798$528$344$37
34 years$1,647$1,122$746$486$311$31
35 years$1,582$1,065$697$447$282$25
36 years$1,522$1,010$652$412$255$21
37 years$1,464$960$611$379$231$18
38 years$1,410$912$572$350$210$15
39 years$1,358$867$536$322$190$12
40 years$1,310$825$502$297$173$10
41 years$1,264$785$471$274$157$9
42 years$1,220$748$442$253$142$7
43 years$1,178$713$414$234$129$6
44 years$1,138$679$389$216$117$5
45 years$1,100$648$365$199$106$4
46 years$1,064$618$343$184$96$3
47 years$1,030$590$322$170$88$3
48 years$997$563$303$157$80$2
49 years$965$538$285$145$72$2
50 years$935$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $958,000, adding $5,731 every year, while hoping to spend $57,607 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: 41/50/9 Blend
56$958,000$958,000$958,000$958,000
57$1,061,628$1,010,854$996,005$1,102,091
58$1,108,620$999,092$968,077$1,119,216
59$1,158,475$984,823$937,284$1,131,527
60$1,211,424$967,864$903,467$1,143,548
61$1,267,719$948,019$866,463$1,155,275
62$1,327,638$925,083$826,101$1,166,710
63$1,391,482$898,838$782,200$1,177,859
64$1,459,584$869,051$734,575$1,188,732
65$1,532,306$835,480$683,028$1,199,348
66$1,610,048$797,864$627,355$1,209,732
67$1,693,244$755,931$567,344$1,219,917
68$1,782,374$709,391$502,769$1,229,948
69$1,877,963$657,938$433,398$1,239,880
70$1,980,586$601,248$358,988$1,249,780
71$2,090,875$538,978$279,283$1,259,731
72$2,209,525$470,768$194,019$1,269,833
73$2,337,296$396,235$102,918$1,280,202
74$2,475,025$314,976$5,691$1,290,980
75$2,623,631$226,564$0$1,302,330
76$2,784,124$130,548$0$1,323,859
77$2,957,613$26,453$0$1,347,567
78$3,145,318$0$0$1,373,195
79$3,348,578$0$0$1,448,509
80$3,568,867$0$0$1,546,010
81$3,807,807$0$0$1,651,874
82$4,067,178$0$0$1,766,903
83$4,348,940$0$0$1,891,981
84$4,655,250$0$0$2,028,080
85$4,988,479$0$0$2,176,269
86$5,351,237$0$0$2,337,725
87$5,746,395$0$0$2,513,743
88$6,177,113$0$0$2,705,748
89$6,646,868$0$0$2,915,309
90$7,159,489$0$0$3,144,154
91$7,719,189$0$0$3,394,182
92$8,330,605$0$0$3,667,486
93$8,998,843$0$0$3,966,372
94$9,729,525$0$0$4,293,375
95$10,528,840$0$0$4,651,289
96$11,403,602$0$0$5,043,189
97$12,361,316$0$0$5,472,464
98$13,410,245$0$0$5,942,844
99$14,559,489$0$0$6,458,435
100$15,819,070$0$0$7,023,765