Can I retire at age 57 with 961,000?

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 $961,000?

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$79,358$78,652$77,962$77,289$76,631$73,591
2 years$39,286$38,555$37,846$37,158$36,491$33,466
3 years$25,931$25,196$24,489$23,808$23,152$20,236
4 years$19,254$18,522$17,821$17,152$16,512$13,729
5 years$15,249$14,521$13,830$13,174$12,552$9,909
6 years$12,580$11,858$11,177$10,536$9,932$7,430
7 years$10,675$9,958$9,288$8,662$8,077$5,715
8 years$9,246$8,536$7,877$7,266$6,701$4,477
9 years$8,135$7,432$6,784$6,189$5,643$3,553
10 years$7,248$6,551$5,915$5,335$4,808$2,849
11 years$6,522$5,832$5,207$4,643$4,135$2,302
12 years$5,917$5,234$4,621$4,073$3,584$1,871
13 years$5,406$4,730$4,129$3,596$3,125$1,528
14 years$4,968$4,300$3,710$3,192$2,739$1,253
15 years$4,589$3,928$3,349$2,847$2,412$1,030
16 years$4,258$3,604$3,037$2,549$2,132$849
17 years$3,966$3,319$2,763$2,290$1,890$702
18 years$3,706$3,067$2,523$2,064$1,681$581
19 years$3,474$2,842$2,309$1,865$1,498$481
20 years$3,266$2,641$2,119$1,689$1,338$399
21 years$3,078$2,460$1,949$1,533$1,197$331
22 years$2,907$2,297$1,797$1,394$1,073$275
23 years$2,751$2,148$1,659$1,269$963$229
24 years$2,609$2,012$1,534$1,158$866$190
25 years$2,478$1,889$1,421$1,057$779$158
26 years$2,357$1,775$1,318$967$702$132
27 years$2,245$1,670$1,224$885$633$110
28 years$2,142$1,574$1,138$811$571$92
29 years$2,046$1,485$1,059$743$516$76
30 years$1,956$1,402$986$682$466$64
31 years$1,873$1,326$919$627$421$53
32 years$1,794$1,254$858$576$381$44
33 years$1,721$1,188$801$530$345$37
34 years$1,652$1,126$748$487$312$31
35 years$1,587$1,068$700$449$283$26
36 years$1,526$1,014$654$413$256$21
37 years$1,469$963$613$381$232$18
38 years$1,414$915$574$351$211$15
39 years$1,363$870$537$323$191$12
40 years$1,314$828$504$298$173$10
41 years$1,268$788$472$275$157$9
42 years$1,223$750$443$254$143$7
43 years$1,182$715$416$235$129$6
44 years$1,142$681$390$217$117$5
45 years$1,104$650$366$200$107$4
46 years$1,068$620$344$185$97$3
47 years$1,033$592$323$171$88$3
48 years$1,000$565$304$158$80$2
49 years$968$539$286$146$72$2
50 years$938$515$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $961,000, adding $3,250 every year, while hoping to spend $23,048 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: 49/37/14 Blend
56$961,000$961,000$961,000$961,000
57$1,062,374$1,011,441$996,546$1,110,178
58$1,146,214$1,036,479$1,005,407$1,168,479
59$1,237,832$1,061,971$1,013,793$1,229,115
60$1,337,999$1,087,916$1,021,663$1,294,469
61$1,447,561$1,114,309$1,028,975$1,364,992
62$1,567,450$1,141,149$1,035,683$1,441,180
63$1,698,693$1,168,429$1,041,742$1,523,577
64$1,842,422$1,196,143$1,047,102$1,612,786
65$1,999,880$1,224,285$1,051,711$1,709,467
66$2,172,439$1,252,847$1,055,515$1,814,352
67$2,361,609$1,281,818$1,058,456$1,928,242
68$2,569,053$1,311,187$1,060,475$2,052,023
69$2,796,604$1,340,942$1,061,507$2,186,670
70$3,046,278$1,371,068$1,061,488$2,333,259
71$3,320,297$1,401,550$1,060,348$2,492,971
72$3,621,111$1,432,370$1,058,013$2,667,113
73$3,951,416$1,463,507$1,054,407$2,857,121
74$4,314,181$1,494,939$1,049,451$3,064,580
75$4,712,680$1,526,644$1,043,059$3,291,234
76$5,150,516$1,558,592$1,035,145$3,539,007
77$5,631,662$1,590,757$1,025,616$3,810,020
78$6,160,493$1,623,105$1,014,375$4,106,608
79$6,741,827$1,655,601$1,001,321$4,431,346
80$7,380,977$1,688,209$986,348$4,787,071
81$8,083,791$1,720,886$969,346$5,176,911
82$8,856,716$1,753,587$950,197$5,604,311
83$9,706,853$1,786,265$928,780$6,073,071
84$10,642,027$1,818,867$904,969$6,587,377
85$11,670,858$1,851,336$878,631$7,151,843
86$12,802,846$1,883,612$849,625$7,771,553
87$14,048,455$1,915,628$817,806$8,452,114
88$15,419,218$1,947,314$783,023$9,199,702
89$16,927,840$1,978,594$745,116$10,021,127
90$18,588,321$2,009,386$703,919$10,923,891
91$20,416,087$2,039,603$659,257$11,916,266
92$22,428,135$2,069,151$610,950$13,007,367
93$24,643,195$2,097,930$558,807$14,207,242
94$27,081,904$2,125,832$502,630$15,526,964
95$29,767,002$2,152,741$442,212$16,978,737
96$32,723,546$2,178,536$377,336$18,576,014
97$35,979,148$2,203,084$307,777$20,333,620
98$39,564,232$2,226,246$233,298$22,267,895
99$43,512,324$2,247,872$153,654$24,396,850
100$47,860,365$2,267,802$68,586$26,740,334