Can I retire at age 57 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$79,606$78,897$78,205$77,530$76,871$73,996
2 years$39,409$38,675$37,964$37,274$36,605$33,742
3 years$26,012$25,275$24,565$23,882$23,224$20,462
4 years$19,314$18,579$17,877$17,206$16,563$13,924
5 years$15,297$14,567$13,873$13,215$12,591$10,081
6 years$12,620$11,895$11,212$10,569$9,963$7,584
7 years$10,708$9,989$9,317$8,689$8,103$5,854
8 years$9,275$8,563$7,902$7,289$6,722$4,602
9 years$8,161$7,455$6,806$6,209$5,661$3,666
10 years$7,270$6,571$5,933$5,352$4,823$2,951
11 years$6,542$5,850$5,224$4,658$4,148$2,393
12 years$5,935$5,251$4,636$4,085$3,595$1,953
13 years$5,423$4,745$4,142$3,607$3,135$1,602
14 years$4,984$4,313$3,721$3,202$2,748$1,319
15 years$4,603$3,940$3,360$2,855$2,419$1,089
16 years$4,271$3,615$3,046$2,557$2,138$902
17 years$3,978$3,329$2,772$2,297$1,896$748
18 years$3,718$3,076$2,530$2,070$1,686$622
19 years$3,485$2,851$2,317$1,871$1,503$518
20 years$3,276$2,650$2,126$1,694$1,342$431
21 years$3,088$2,468$1,955$1,538$1,201$360
22 years$2,916$2,304$1,802$1,398$1,077$300
23 years$2,760$2,155$1,664$1,273$966$251
24 years$2,617$2,019$1,539$1,161$869$210
25 years$2,485$1,894$1,425$1,061$782$175
26 years$2,364$1,781$1,322$970$704$147
27 years$2,252$1,676$1,228$888$635$123
28 years$2,149$1,579$1,141$813$573$103
29 years$2,052$1,490$1,062$746$517$86
30 years$1,962$1,407$989$684$467$72
31 years$1,878$1,330$922$629$422$60
32 years$1,800$1,258$860$578$382$51
33 years$1,726$1,192$803$531$346$42
34 years$1,657$1,129$751$489$313$35
35 years$1,592$1,071$702$450$284$30
36 years$1,531$1,017$657$414$257$25
37 years$1,473$966$614$382$233$21
38 years$1,419$918$575$352$211$17
39 years$1,367$873$539$324$191$15
40 years$1,318$830$505$299$174$12
41 years$1,271$790$474$276$158$10
42 years$1,227$753$444$255$143$9
43 years$1,185$717$417$235$130$7
44 years$1,145$684$392$217$118$6
45 years$1,107$652$368$201$107$5
46 years$1,071$622$345$185$97$4
47 years$1,036$593$324$171$88$4
48 years$1,003$567$305$158$80$3
49 years$972$541$287$146$73$3
50 years$941$517$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 $964,000, adding $5,691 every year, while hoping to spend $32,484 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: 63/19/18 Blend
56$964,000$964,000$964,000$964,000
57$1,068,198$1,017,106$1,002,164$1,130,292
58$1,142,592$1,032,382$1,001,174$1,188,019
59$1,223,485$1,047,317$999,062$1,246,851
60$1,311,506$1,061,861$995,756$1,310,333
61$1,407,346$1,075,959$991,181$1,378,923
62$1,511,768$1,089,554$985,258$1,453,121
63$1,625,608$1,102,582$977,904$1,533,482
64$1,749,788$1,114,976$969,032$1,620,617
65$1,885,324$1,126,667$958,551$1,715,198
66$2,033,331$1,137,578$946,367$1,817,970
67$2,195,040$1,147,628$932,379$1,929,750
68$2,371,804$1,156,732$916,484$2,051,442
69$2,565,113$1,164,797$898,571$2,184,042
70$2,776,608$1,171,726$878,527$2,328,648
71$3,008,096$1,177,414$856,232$2,486,473
72$3,261,566$1,181,752$831,560$2,658,852
73$3,539,210$1,184,622$804,381$2,847,259
74$3,843,440$1,185,899$774,559$3,053,318
75$4,176,913$1,185,450$741,949$3,278,822
76$4,542,556$1,183,135$706,401$3,525,745
77$4,943,592$1,178,804$667,761$3,796,268
78$5,383,570$1,172,297$625,863$4,092,793
79$5,866,402$1,163,448$580,537$4,417,969
80$6,396,395$1,152,076$531,605$4,774,719
81$6,978,293$1,137,994$478,880$5,166,264
82$7,617,323$1,120,999$422,166$5,596,156
83$8,319,242$1,100,881$361,261$6,068,312
84$9,090,392$1,077,412$295,951$6,587,052
85$9,937,762$1,050,354$226,015$7,157,138
86$10,869,048$1,019,456$151,221$7,783,821
87$11,892,731$984,449$71,326$8,472,889
88$13,018,153$945,051$0$9,230,727
89$14,255,607$900,961$0$10,067,048
90$15,616,435$851,864$0$11,001,727
91$17,113,129$797,423$0$12,029,659
92$18,759,457$737,286$0$13,160,330
93$20,570,585$671,076$0$14,404,195
94$22,563,224$598,398$0$15,772,776
95$24,755,788$518,835$0$17,278,774
96$27,168,563$431,942$0$18,936,183
97$29,823,903$337,254$0$20,760,431
98$32,746,439$234,277$0$22,768,518
99$35,963,309$122,490$0$24,979,181
100$39,504,416$1,342$0$27,413,071