Can I retire at age 57 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$79,193$78,488$77,800$77,128$76,472$74,775
2 years$39,205$38,474$37,767$37,081$36,415$34,715
3 years$25,877$25,143$24,438$23,758$23,103$21,452
4 years$19,214$18,483$17,784$17,116$16,477$14,888
5 years$15,218$14,491$13,801$13,147$12,526$11,003
6 years$12,554$11,833$11,154$10,514$9,911$8,456
7 years$10,652$9,937$9,269$8,644$8,061$6,674
8 years$9,227$8,518$7,861$7,251$6,687$5,368
9 years$8,119$7,417$6,770$6,176$5,631$4,379
10 years$7,232$6,537$5,903$5,324$4,798$3,612
11 years$6,508$5,820$5,196$4,634$4,127$3,004
12 years$5,905$5,224$4,612$4,064$3,576$2,515
13 years$5,395$4,721$4,120$3,588$3,118$2,118
14 years$4,958$4,291$3,702$3,185$2,734$1,791
15 years$4,579$3,920$3,342$2,841$2,407$1,521
16 years$4,249$3,596$3,030$2,543$2,127$1,295
17 years$3,957$3,312$2,758$2,285$1,886$1,106
18 years$3,698$3,061$2,517$2,059$1,677$946
19 years$3,467$2,836$2,304$1,861$1,495$811
20 years$3,259$2,636$2,115$1,685$1,335$696
21 years$3,071$2,455$1,945$1,530$1,195$598
22 years$2,901$2,292$1,793$1,391$1,071$515
23 years$2,745$2,143$1,655$1,267$961$444
24 years$2,603$2,008$1,531$1,155$864$382
25 years$2,472$1,885$1,418$1,055$778$330
26 years$2,352$1,771$1,315$965$700$285
27 years$2,241$1,667$1,221$883$631$246
28 years$2,137$1,571$1,135$809$570$213
29 years$2,041$1,482$1,056$742$515$184
30 years$1,952$1,399$984$681$465$159
31 years$1,869$1,323$917$625$420$137
32 years$1,791$1,252$856$575$380$119
33 years$1,717$1,185$799$528$344$103
34 years$1,649$1,124$747$486$312$89
35 years$1,584$1,066$698$448$282$77
36 years$1,523$1,011$653$412$256$67
37 years$1,466$961$611$380$232$58
38 years$1,411$913$572$350$210$50
39 years$1,360$868$536$323$190$43
40 years$1,311$826$503$298$173$38
41 years$1,265$786$471$275$157$33
42 years$1,221$749$442$254$142$28
43 years$1,179$713$415$234$129$24
44 years$1,139$680$389$216$117$21
45 years$1,102$649$366$200$106$18
46 years$1,065$619$343$184$97$16
47 years$1,031$590$323$170$88$14
48 years$998$564$303$157$80$12
49 years$966$538$285$145$72$10
50 years$936$514$268$134$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $959,000, adding $5,424 every year, while hoping to spend $44,357 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$959,000$959,000$959,000$959,000
57$1,062,413$1,011,586$996,721$1,088,126
58$1,123,583$1,013,958$982,916$1,110,478
59$1,189,507$1,014,960$967,162$1,130,198
60$1,260,621$1,014,477$949,346$1,150,550
61$1,337,407$1,012,389$929,351$1,171,619
62$1,420,393$1,008,567$907,056$1,193,499
63$1,510,161$1,002,875$882,330$1,216,304
64$1,607,350$995,168$855,040$1,240,156
65$1,712,660$985,292$825,045$1,265,200
66$1,826,866$973,085$792,198$1,291,595
67$1,950,815$958,375$756,345$1,319,524
68$2,085,441$940,979$717,326$1,349,192
69$2,231,773$920,703$674,973$1,380,831
70$2,390,938$897,343$629,110$1,414,702
71$2,564,182$870,681$579,553$1,451,098
72$2,752,872$840,487$526,111$1,490,349
73$2,958,513$806,520$468,584$1,532,823
74$3,182,763$768,520$406,763$1,578,936
75$3,427,444$726,217$340,428$1,629,151
76$3,694,563$679,321$269,353$1,683,987
77$3,986,331$627,530$193,299$1,744,025
78$4,305,179$570,522$112,016$1,809,914
79$4,653,785$507,955$25,247$1,882,377
80$5,035,098$439,472$0$1,962,223
81$5,452,363$364,691$0$2,068,317
82$5,909,155$283,212$0$2,192,052
83$6,409,411$194,611$0$2,327,882
84$6,957,464$98,441$0$2,477,135
85$7,558,090$0$0$2,641,279
86$8,216,544$0$0$2,824,673
87$8,938,618$0$0$3,077,012
88$9,730,689$0$0$3,353,962
89$10,599,782$0$0$3,657,999
90$11,553,634$0$0$3,991,848
91$12,600,769$0$0$4,358,513
92$13,750,574$0$0$4,761,302
93$15,013,391$0$0$5,203,860
94$16,400,614$0$0$5,690,200
95$17,924,794$0$0$6,224,748
96$19,599,756$0$0$6,812,374
97$21,440,733$0$0$7,458,449
98$23,464,507$0$0$8,168,887
99$25,689,565$0$0$8,950,204
100$28,136,277$0$0$9,809,580