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%11.9%
1 years$79,524$78,815$78,124$77,450$76,791$76,179
2 years$39,368$38,635$37,924$37,235$36,567$35,951
3 years$25,985$25,248$24,540$23,857$23,200$22,597
4 years$19,294$18,560$17,859$17,188$16,546$15,963
5 years$15,281$14,551$13,859$13,202$12,578$12,015
6 years$12,607$11,882$11,200$10,558$9,953$9,411
7 years$10,697$9,979$9,307$8,680$8,094$7,574
8 years$9,265$8,554$7,893$7,281$6,715$6,216
9 years$8,152$7,447$6,799$6,202$5,655$5,178
10 years$7,263$6,565$5,927$5,346$4,818$4,362
11 years$6,535$5,844$5,218$4,653$4,144$3,708
12 years$5,929$5,245$4,631$4,081$3,591$3,176
13 years$5,417$4,740$4,137$3,603$3,131$2,736
14 years$4,978$4,309$3,718$3,198$2,745$2,369
15 years$4,598$3,936$3,356$2,852$2,417$2,060
16 years$4,266$3,611$3,043$2,554$2,136$1,797
17 years$3,974$3,326$2,769$2,295$1,894$1,573
18 years$3,714$3,073$2,528$2,068$1,684$1,380
19 years$3,482$2,848$2,314$1,869$1,501$1,214
20 years$3,273$2,647$2,124$1,692$1,341$1,070
21 years$3,084$2,465$1,953$1,536$1,200$944
22 years$2,913$2,301$1,800$1,397$1,075$834
23 years$2,757$2,152$1,662$1,272$965$738
24 years$2,614$2,017$1,537$1,160$868$654
25 years$2,483$1,893$1,424$1,059$781$580
26 years$2,362$1,779$1,321$969$703$515
27 years$2,250$1,674$1,226$887$634$457
28 years$2,146$1,577$1,140$812$572$407
29 years$2,050$1,488$1,061$745$517$362
30 years$1,960$1,405$988$684$467$322
31 years$1,876$1,328$921$628$422$287
32 years$1,798$1,257$860$577$382$255
33 years$1,725$1,190$803$531$346$227
34 years$1,656$1,128$750$488$313$203
35 years$1,591$1,070$701$449$283$181
36 years$1,529$1,016$656$414$257$161
37 years$1,472$965$614$381$233$144
38 years$1,417$917$575$352$211$128
39 years$1,366$872$539$324$191$114
40 years$1,317$829$505$299$174$102
41 years$1,270$790$473$276$157$91
42 years$1,226$752$444$255$143$81
43 years$1,184$716$417$235$130$73
44 years$1,144$683$391$217$118$65
45 years$1,106$651$367$200$107$58
46 years$1,070$621$345$185$97$52
47 years$1,035$593$324$171$88$46
48 years$1,002$566$305$158$80$41
49 years$971$540$286$146$73$37
50 years$940$516$269$135$66$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $963,000, adding $3,068 every year, while hoping to spend $31,148 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: 34/42/24 Blend
56$963,000$963,000$963,000$963,000
57$1,064,391$1,013,352$998,425$1,092,717
58$1,139,817$1,029,865$998,731$1,130,628
59$1,221,893$1,046,143$998,003$1,168,437
60$1,311,265$1,062,142$996,175$1,208,586
61$1,408,641$1,077,814$993,174$1,251,302
62$1,514,804$1,093,108$988,926$1,296,837
63$1,630,613$1,107,970$983,355$1,345,469
64$1,757,016$1,122,341$976,378$1,397,508
65$1,895,055$1,136,159$967,910$1,453,295
66$2,045,877$1,149,357$957,861$1,513,209
67$2,210,744$1,161,864$946,137$1,577,669
68$2,391,048$1,173,603$932,641$1,647,137
69$2,588,320$1,184,494$917,269$1,722,126
70$2,804,245$1,194,451$899,914$1,803,204
71$3,040,679$1,203,380$880,462$1,890,996
72$3,299,668$1,211,185$858,797$1,986,198
73$3,583,461$1,217,761$834,794$2,089,575
74$3,894,540$1,222,996$808,325$2,201,976
75$4,235,633$1,226,774$779,255$2,324,339
76$4,609,750$1,228,967$747,441$2,457,701
77$5,020,201$1,229,444$712,738$2,603,207
78$5,470,637$1,228,062$674,990$2,762,124
79$5,965,077$1,224,672$634,037$2,935,851
80$6,507,947$1,219,113$589,709$3,125,936
81$7,104,124$1,211,216$541,831$3,334,088
82$7,758,981$1,200,802$490,219$3,562,194
83$8,478,435$1,187,680$434,680$3,812,341
84$9,269,008$1,171,648$375,013$4,086,833
85$10,137,880$1,152,492$311,010$4,388,215
86$11,092,966$1,129,986$242,450$4,719,298
87$12,142,982$1,103,889$169,106$5,083,186
88$13,297,534$1,073,948$90,739$5,483,306
89$14,567,203$1,039,892$7,100$5,923,443
90$15,963,649$1,001,437$0$6,407,776
91$17,499,715$958,282$0$6,961,955
92$19,189,554$910,106$0$7,573,342
93$21,048,761$856,574$0$8,245,811
94$23,094,516$797,327$0$8,985,641
95$25,345,750$731,989$0$9,799,757
96$27,823,320$660,160$0$10,695,799
97$30,550,211$581,420$0$11,682,192
98$33,551,744$495,322$0$12,768,227
99$36,855,825$401,395$0$13,964,152
100$40,493,199$299,143$0$15,281,265