Can I retire at age 57 with 959,000?

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 $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%15.2%
1 years$79,193$78,488$77,800$77,128$76,472$74,836
2 years$39,205$38,474$37,767$37,081$36,415$34,775
3 years$25,877$25,143$24,438$23,758$23,103$21,510
4 years$19,214$18,483$17,784$17,116$16,477$14,944
5 years$15,218$14,491$13,801$13,147$12,526$11,056
6 years$12,554$11,833$11,154$10,514$9,911$8,506
7 years$10,652$9,937$9,269$8,644$8,061$6,721
8 years$9,227$8,518$7,861$7,251$6,687$5,412
9 years$8,119$7,417$6,770$6,176$5,631$4,420
10 years$7,232$6,537$5,903$5,324$4,798$3,650
11 years$6,508$5,820$5,196$4,634$4,127$3,040
12 years$5,905$5,224$4,612$4,064$3,576$2,549
13 years$5,395$4,721$4,120$3,588$3,118$2,149
14 years$4,958$4,291$3,702$3,185$2,734$1,820
15 years$4,579$3,920$3,342$2,841$2,407$1,547
16 years$4,249$3,596$3,030$2,543$2,127$1,319
17 years$3,957$3,312$2,758$2,285$1,886$1,128
18 years$3,698$3,061$2,517$2,059$1,677$967
19 years$3,467$2,836$2,304$1,861$1,495$830
20 years$3,259$2,636$2,115$1,685$1,335$713
21 years$3,071$2,455$1,945$1,530$1,195$614
22 years$2,901$2,292$1,793$1,391$1,071$529
23 years$2,745$2,143$1,655$1,267$961$457
24 years$2,603$2,008$1,531$1,155$864$394
25 years$2,472$1,885$1,418$1,055$778$341
26 years$2,352$1,771$1,315$965$700$295
27 years$2,241$1,667$1,221$883$631$255
28 years$2,137$1,571$1,135$809$570$221
29 years$2,041$1,482$1,056$742$515$191
30 years$1,952$1,399$984$681$465$165
31 years$1,869$1,323$917$625$420$143
32 years$1,791$1,252$856$575$380$124
33 years$1,717$1,185$799$528$344$108
34 years$1,649$1,124$747$486$312$93
35 years$1,584$1,066$698$448$282$81
36 years$1,523$1,011$653$412$256$70
37 years$1,466$961$611$380$232$61
38 years$1,411$913$572$350$210$53
39 years$1,360$868$536$323$190$46
40 years$1,311$826$503$298$173$40
41 years$1,265$786$471$275$157$34
42 years$1,221$749$442$254$142$30
43 years$1,179$713$415$234$129$26
44 years$1,139$680$389$216$117$23
45 years$1,102$649$366$200$106$20
46 years$1,065$619$343$184$97$17
47 years$1,031$590$323$170$88$15
48 years$998$564$303$157$80$13
49 years$966$538$285$145$72$11
50 years$936$514$268$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $959,000, adding $2,589 every year, while hoping to spend $21,303 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: 68/13/19 Blend
56$959,000$959,000$959,000$959,000
57$1,059,489$1,008,662$993,797$1,126,417
58$1,144,890$1,035,420$1,004,423$1,198,229
59$1,238,289$1,062,775$1,014,691$1,274,024
60$1,340,478$1,090,734$1,024,566$1,356,413
61$1,452,330$1,119,304$1,034,013$1,446,044
62$1,574,808$1,148,490$1,042,993$1,543,631
63$1,708,970$1,178,298$1,051,465$1,649,962
64$1,855,983$1,208,732$1,059,387$1,765,902
65$2,017,131$1,239,798$1,066,714$1,892,406
66$2,193,829$1,271,499$1,073,400$2,030,525
67$2,387,635$1,303,838$1,079,394$2,181,418
68$2,600,266$1,336,818$1,084,646$2,346,361
69$2,833,612$1,370,441$1,089,100$2,526,761
70$3,089,754$1,404,707$1,092,699$2,724,166
71$3,370,987$1,439,615$1,095,383$2,940,283
72$3,679,837$1,475,166$1,097,088$3,176,993
73$4,019,088$1,511,357$1,097,748$3,436,370
74$4,391,806$1,548,184$1,097,293$3,720,696
75$4,801,368$1,585,642$1,095,650$4,032,487
76$5,251,495$1,623,727$1,092,742$4,374,516
77$5,746,288$1,662,430$1,088,489$4,749,840
78$6,290,263$1,701,742$1,082,807$5,161,823
79$6,888,395$1,741,653$1,075,607$5,614,178
80$7,546,168$1,782,151$1,066,796$6,110,991
81$8,269,621$1,823,220$1,056,277$6,656,769
82$9,065,409$1,864,844$1,043,949$7,256,475
83$9,940,864$1,907,005$1,029,705$7,915,582
84$10,904,065$1,949,681$1,013,433$8,640,119
85$11,963,914$1,992,850$995,017$9,436,729
86$13,130,218$2,036,484$974,335$10,312,735
87$14,413,783$2,080,555$951,258$11,276,206
88$15,826,517$2,125,030$925,653$12,336,033
89$17,381,539$2,169,874$897,380$13,502,017
90$19,093,306$2,215,048$866,293$14,784,956
91$20,977,748$2,260,510$832,238$16,196,751
92$23,052,415$2,306,212$795,055$17,750,518
93$25,336,649$2,352,104$754,577$19,460,710
94$27,851,761$2,398,131$710,629$21,343,254
95$30,621,234$2,444,232$663,028$23,415,705
96$33,670,943$2,490,343$611,583$25,697,406
97$37,029,403$2,536,393$556,094$28,209,676
98$40,728,032$2,582,307$496,354$30,976,008
99$44,801,453$2,628,002$432,143$34,022,292
100$49,287,816$2,673,389$363,235$37,377,060