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%17.5%
1 years$79,193$78,488$77,800$77,128$76,472$74,143
2 years$39,205$38,474$37,767$37,081$36,415$34,089
3 years$25,877$25,143$24,438$23,758$23,103$20,852
4 years$19,214$18,483$17,784$17,116$16,477$14,319
5 years$15,218$14,491$13,801$13,147$12,526$10,466
6 years$12,554$11,833$11,154$10,514$9,911$7,952
7 years$10,652$9,937$9,269$8,644$8,061$6,202
8 years$9,227$8,518$7,861$7,251$6,687$4,927
9 years$8,119$7,417$6,770$6,176$5,631$3,969
10 years$7,232$6,537$5,903$5,324$4,798$3,231
11 years$6,508$5,820$5,196$4,634$4,127$2,651
12 years$5,905$5,224$4,612$4,064$3,576$2,190
13 years$5,395$4,721$4,120$3,588$3,118$1,818
14 years$4,958$4,291$3,702$3,185$2,734$1,515
15 years$4,579$3,920$3,342$2,841$2,407$1,268
16 years$4,249$3,596$3,030$2,543$2,127$1,063
17 years$3,957$3,312$2,758$2,285$1,886$894
18 years$3,698$3,061$2,517$2,059$1,677$753
19 years$3,467$2,836$2,304$1,861$1,495$636
20 years$3,259$2,636$2,115$1,685$1,335$537
21 years$3,071$2,455$1,945$1,530$1,195$454
22 years$2,901$2,292$1,793$1,391$1,071$385
23 years$2,745$2,143$1,655$1,267$961$326
24 years$2,603$2,008$1,531$1,155$864$276
25 years$2,472$1,885$1,418$1,055$778$234
26 years$2,352$1,771$1,315$965$700$199
27 years$2,241$1,667$1,221$883$631$169
28 years$2,137$1,571$1,135$809$570$143
29 years$2,041$1,482$1,056$742$515$122
30 years$1,952$1,399$984$681$465$104
31 years$1,869$1,323$917$625$420$88
32 years$1,791$1,252$856$575$380$75
33 years$1,717$1,185$799$528$344$64
34 years$1,649$1,124$747$486$312$54
35 years$1,584$1,066$698$448$282$46
36 years$1,523$1,011$653$412$256$39
37 years$1,466$961$611$380$232$33
38 years$1,411$913$572$350$210$28
39 years$1,360$868$536$323$190$24
40 years$1,311$826$503$298$173$21
41 years$1,265$786$471$275$157$17
42 years$1,221$749$442$254$142$15
43 years$1,179$713$415$234$129$13
44 years$1,139$680$389$216$117$11
45 years$1,102$649$366$200$106$9
46 years$1,065$619$343$184$97$8
47 years$1,031$590$323$170$88$7
48 years$998$564$303$157$80$6
49 years$966$538$285$145$72$5
50 years$936$514$268$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $959,000, adding $5,741 every year, while hoping to spend $58,003 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: 72/14/14 Blend
56$959,000$959,000$959,000$959,000
57$1,062,740$1,011,913$997,048$1,135,589
58$1,109,425$999,782$968,735$1,172,501
59$1,158,927$985,112$937,529$1,205,274
60$1,211,474$967,719$903,272$1,239,626
61$1,267,312$947,405$865,799$1,275,701
62$1,326,711$923,962$824,937$1,313,657
63$1,389,969$897,169$780,506$1,353,672
64$1,457,409$866,793$732,316$1,395,941
65$1,529,386$832,588$680,170$1,440,681
66$1,606,290$794,291$623,862$1,488,133
67$1,688,546$751,625$563,176$1,538,564
68$1,776,623$704,300$497,887$1,592,269
69$1,871,032$652,004$427,760$1,649,575
70$1,972,337$594,412$352,550$1,710,847
71$2,081,154$531,177$271,999$1,776,485
72$2,198,161$461,934$185,840$1,846,935
73$2,324,102$386,298$93,795$1,922,691
74$2,459,794$303,859$0$2,004,298
75$2,606,132$214,188$0$2,093,023
76$2,764,104$116,830$0$2,203,870
77$2,934,792$11,304$0$2,323,600
78$3,119,385$0$0$2,453,082
79$3,319,192$0$0$2,609,129
80$3,535,651$0$0$2,780,106
81$3,770,342$0$0$2,965,525
82$4,025,004$0$0$3,166,765
83$4,301,550$0$0$3,385,342
84$4,602,083$0$0$3,622,924
85$4,928,915$0$0$3,881,347
86$5,284,593$0$0$4,162,629
87$5,671,918$0$0$4,468,991
88$6,093,971$0$0$4,802,877
89$6,554,144$0$0$5,166,979
90$7,056,171$0$0$5,564,257
91$7,604,159$0$0$5,997,970
92$8,202,633$0$0$6,471,705
93$8,856,571$0$0$6,989,413
94$9,571,454$0$0$7,555,441
95$10,353,318$0$0$8,174,576
96$11,208,808$0$0$8,852,091
97$12,145,240$0$0$9,593,789
98$13,170,673$0$0$10,406,062
99$14,293,977$0$0$11,295,949
100$15,524,926$0$0$12,271,201