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%18.4%
1 years$79,524$78,815$78,124$77,450$76,791$74,184
2 years$39,368$38,635$37,924$37,235$36,567$33,967
3 years$25,985$25,248$24,540$23,857$23,200$20,688
4 years$19,294$18,560$17,859$17,188$16,546$14,142
5 years$15,281$14,551$13,859$13,202$12,578$10,288
6 years$12,607$11,882$11,200$10,558$9,953$7,778
7 years$10,697$9,979$9,307$8,680$8,094$6,035
8 years$9,265$8,554$7,893$7,281$6,715$4,769
9 years$8,152$7,447$6,799$6,202$5,655$3,821
10 years$7,263$6,565$5,927$5,346$4,818$3,092
11 years$6,535$5,844$5,218$4,653$4,144$2,523
12 years$5,929$5,245$4,631$4,081$3,591$2,071
13 years$5,417$4,740$4,137$3,603$3,131$1,709
14 years$4,978$4,309$3,718$3,198$2,745$1,416
15 years$4,598$3,936$3,356$2,852$2,417$1,177
16 years$4,266$3,611$3,043$2,554$2,136$981
17 years$3,974$3,326$2,769$2,295$1,894$819
18 years$3,714$3,073$2,528$2,068$1,684$686
19 years$3,482$2,848$2,314$1,869$1,501$575
20 years$3,273$2,647$2,124$1,692$1,341$482
21 years$3,084$2,465$1,953$1,536$1,200$405
22 years$2,913$2,301$1,800$1,397$1,075$340
23 years$2,757$2,152$1,662$1,272$965$286
24 years$2,614$2,017$1,537$1,160$868$241
25 years$2,483$1,893$1,424$1,059$781$203
26 years$2,362$1,779$1,321$969$703$171
27 years$2,250$1,674$1,226$887$634$144
28 years$2,146$1,577$1,140$812$572$122
29 years$2,050$1,488$1,061$745$517$103
30 years$1,960$1,405$988$684$467$87
31 years$1,876$1,328$921$628$422$73
32 years$1,798$1,257$860$577$382$62
33 years$1,725$1,190$803$531$346$52
34 years$1,656$1,128$750$488$313$44
35 years$1,591$1,070$701$449$283$37
36 years$1,529$1,016$656$414$257$31
37 years$1,472$965$614$381$233$26
38 years$1,417$917$575$352$211$22
39 years$1,366$872$539$324$191$19
40 years$1,317$829$505$299$174$16
41 years$1,270$790$473$276$157$13
42 years$1,226$752$444$255$143$11
43 years$1,184$716$417$235$130$10
44 years$1,144$683$391$217$118$8
45 years$1,106$651$367$200$107$7
46 years$1,070$621$345$185$97$6
47 years$1,035$593$324$171$88$5
48 years$1,002$566$305$158$80$4
49 years$971$540$286$146$73$3
50 years$940$516$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $963,000, adding $6,167 every year, while hoping to spend $36,316 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: 54/31/15 Blend
56$963,000$963,000$963,000$963,000
57$1,067,587$1,016,548$1,001,622$1,120,669
58$1,137,841$1,027,719$996,536$1,168,708
59$1,214,044$1,038,220$990,063$1,216,558
60$1,296,764$1,047,981$982,118$1,267,819
61$1,386,626$1,056,924$972,611$1,322,827
62$1,484,318$1,064,970$961,450$1,381,948
63$1,590,598$1,072,032$948,537$1,445,591
64$1,706,296$1,078,019$933,770$1,514,206
65$1,832,329$1,082,833$917,043$1,588,288
66$1,969,706$1,086,370$898,242$1,668,388
67$2,119,534$1,088,522$877,253$1,755,111
68$2,283,037$1,089,169$853,950$1,849,127
69$2,461,557$1,088,189$828,208$1,951,176
70$2,656,574$1,085,448$799,891$2,062,075
71$2,869,717$1,080,807$768,860$2,182,725
72$3,102,778$1,074,117$734,967$2,314,123
73$3,357,733$1,065,221$698,060$2,457,369
74$3,636,756$1,053,950$657,979$2,613,677
75$3,942,239$1,040,128$614,556$2,784,388
76$4,276,820$1,023,566$567,615$2,970,983
77$4,643,400$1,004,066$516,975$3,175,096
78$5,045,178$981,416$462,445$3,398,532
79$5,485,674$955,394$403,825$3,643,283
80$5,968,766$925,761$340,906$3,911,547
81$6,498,725$892,268$273,471$4,205,750
82$7,080,256$854,651$201,294$4,528,573
83$7,718,542$812,628$124,136$4,882,970
84$8,419,289$765,902$41,751$5,272,203
85$9,188,786$714,162$0$5,699,873
86$10,033,960$657,073$0$6,177,341
87$10,962,442$594,287$0$6,709,213
88$11,982,636$525,433$0$7,293,681
89$13,103,804$450,118$0$7,936,128
90$14,336,148$367,930$0$8,642,491
91$15,690,907$278,431$0$9,419,315
92$17,180,465$181,159$0$10,273,819
93$18,818,464$75,627$0$11,213,962
94$20,619,934$0$0$12,248,523
95$22,601,437$0$0$13,400,372
96$24,781,219$0$0$14,695,964
97$27,179,384$0$0$16,121,462
98$29,818,081$0$0$17,690,046
99$32,721,717$0$0$19,416,238
100$35,917,183$0$0$21,316,038