Can I retire at age 57 with 963,000?

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 $963,000?

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$79,524$78,815$78,124$77,450$76,791$73,744
2 years$39,368$38,635$37,924$37,235$36,567$33,535
3 years$25,985$25,248$24,540$23,857$23,200$20,278
4 years$19,294$18,560$17,859$17,188$16,546$13,758
5 years$15,281$14,551$13,859$13,202$12,578$9,929
6 years$12,607$11,882$11,200$10,558$9,953$7,445
7 years$10,697$9,979$9,307$8,680$8,094$5,727
8 years$9,265$8,554$7,893$7,281$6,715$4,486
9 years$8,152$7,447$6,799$6,202$5,655$3,561
10 years$7,263$6,565$5,927$5,346$4,818$2,855
11 years$6,535$5,844$5,218$4,653$4,144$2,307
12 years$5,929$5,245$4,631$4,081$3,591$1,875
13 years$5,417$4,740$4,137$3,603$3,131$1,531
14 years$4,978$4,309$3,718$3,198$2,745$1,255
15 years$4,598$3,936$3,356$2,852$2,417$1,032
16 years$4,266$3,611$3,043$2,554$2,136$851
17 years$3,974$3,326$2,769$2,295$1,894$703
18 years$3,714$3,073$2,528$2,068$1,684$582
19 years$3,482$2,848$2,314$1,869$1,501$482
20 years$3,273$2,647$2,124$1,692$1,341$400
21 years$3,084$2,465$1,953$1,536$1,200$332
22 years$2,913$2,301$1,800$1,397$1,075$276
23 years$2,757$2,152$1,662$1,272$965$229
24 years$2,614$2,017$1,537$1,160$868$191
25 years$2,483$1,893$1,424$1,059$781$159
26 years$2,362$1,779$1,321$969$703$132
27 years$2,250$1,674$1,226$887$634$110
28 years$2,146$1,577$1,140$812$572$92
29 years$2,050$1,488$1,061$745$517$76
30 years$1,960$1,405$988$684$467$64
31 years$1,876$1,328$921$628$422$53
32 years$1,798$1,257$860$577$382$44
33 years$1,725$1,190$803$531$346$37
34 years$1,656$1,128$750$488$313$31
35 years$1,591$1,070$701$449$283$26
36 years$1,529$1,016$656$414$257$21
37 years$1,472$965$614$381$233$18
38 years$1,417$917$575$352$211$15
39 years$1,366$872$539$324$191$12
40 years$1,317$829$505$299$174$10
41 years$1,270$790$473$276$157$9
42 years$1,226$752$444$255$143$7
43 years$1,184$716$417$235$130$6
44 years$1,144$683$391$217$118$5
45 years$1,106$651$367$200$107$4
46 years$1,070$621$345$185$97$3
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$2
49 years$971$540$286$146$73$2
50 years$940$516$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 $963,000, adding $3,440 every year, while hoping to spend $27,804 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: 62/12/26 Blend
56$963,000$963,000$963,000$963,000
57$1,064,774$1,013,735$998,809$1,123,219
58$1,143,798$1,033,825$1,002,686$1,183,361
59$1,229,950$1,053,967$1,005,761$1,245,658
60$1,323,929$1,074,136$1,007,977$1,313,077
61$1,426,502$1,094,300$1,009,277$1,386,123
62$1,538,515$1,114,430$1,009,597$1,465,355
63$1,660,897$1,134,492$1,008,873$1,551,384
64$1,794,675$1,154,448$1,007,036$1,644,890
65$1,940,976$1,174,260$1,004,016$1,746,618
66$2,101,042$1,193,885$999,736$1,857,392
67$2,276,240$1,213,277$994,119$1,978,119
68$2,468,076$1,232,387$987,082$2,109,799
69$2,678,209$1,251,163$978,538$2,253,537
70$2,908,464$1,269,549$968,398$2,410,549
71$3,160,854$1,287,483$956,565$2,582,175
72$3,437,593$1,304,901$942,942$2,769,894
73$3,741,120$1,321,735$927,424$2,975,337
74$4,074,124$1,337,909$909,902$3,200,302
75$4,439,563$1,353,345$890,262$3,446,769
76$4,840,698$1,367,959$868,386$3,716,925
77$5,281,121$1,381,660$844,148$4,013,178
78$5,764,786$1,394,353$817,418$4,338,184
79$6,296,053$1,405,935$788,060$4,694,870
80$6,879,722$1,416,297$755,932$5,086,466
81$7,521,081$1,425,323$720,883$5,516,531
82$8,225,958$1,432,890$682,758$5,988,986
83$9,000,769$1,438,866$641,395$6,508,159
84$9,852,589$1,443,111$596,623$7,078,817
85$10,789,207$1,445,477$548,263$7,706,217
86$11,819,206$1,445,806$496,131$8,396,155
87$12,952,046$1,443,931$440,031$9,155,018
88$14,198,144$1,439,673$379,762$9,989,850
89$15,568,981$1,432,844$315,110$10,908,412
90$17,077,206$1,423,242$245,856$11,919,264
91$18,736,756$1,410,656$171,767$13,031,838
92$20,562,988$1,394,860$92,604$14,256,533
93$22,572,819$1,375,616$8,113$15,604,813
94$24,784,895$1,352,669$0$17,089,312
95$27,219,756$1,325,751$0$18,746,722
96$29,900,037$1,294,579$0$20,573,513
97$32,850,679$1,258,852$0$22,584,434
98$36,099,163$1,218,250$0$24,798,221
99$39,675,769$1,172,436$0$27,235,520
100$43,613,867$1,121,054$0$29,919,083