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%16.9%
1 years$79,606$78,897$78,205$77,530$76,871$74,710
2 years$39,409$38,675$37,964$37,274$36,605$34,444
3 years$26,012$25,275$24,565$23,882$23,224$21,131
4 years$19,314$18,579$17,877$17,206$16,563$14,555
5 years$15,297$14,567$13,873$13,215$12,591$10,672
6 years$12,620$11,895$11,212$10,569$9,963$8,135
7 years$10,708$9,989$9,317$8,689$8,103$6,366
8 years$9,275$8,563$7,902$7,289$6,722$5,076
9 years$8,161$7,455$6,806$6,209$5,661$4,103
10 years$7,270$6,571$5,933$5,352$4,823$3,353
11 years$6,542$5,850$5,224$4,658$4,148$2,762
12 years$5,935$5,251$4,636$4,085$3,595$2,290
13 years$5,423$4,745$4,142$3,607$3,135$1,909
14 years$4,984$4,313$3,721$3,202$2,748$1,598
15 years$4,603$3,940$3,360$2,855$2,419$1,343
16 years$4,271$3,615$3,046$2,557$2,138$1,131
17 years$3,978$3,329$2,772$2,297$1,896$955
18 years$3,718$3,076$2,530$2,070$1,686$808
19 years$3,485$2,851$2,317$1,871$1,503$685
20 years$3,276$2,650$2,126$1,694$1,342$581
21 years$3,088$2,468$1,955$1,538$1,201$494
22 years$2,916$2,304$1,802$1,398$1,077$420
23 years$2,760$2,155$1,664$1,273$966$358
24 years$2,617$2,019$1,539$1,161$869$305
25 years$2,485$1,894$1,425$1,061$782$260
26 years$2,364$1,781$1,322$970$704$222
27 years$2,252$1,676$1,228$888$635$189
28 years$2,149$1,579$1,141$813$573$161
29 years$2,052$1,490$1,062$746$517$138
30 years$1,962$1,407$989$684$467$118
31 years$1,878$1,330$922$629$422$101
32 years$1,800$1,258$860$578$382$86
33 years$1,726$1,192$803$531$346$73
34 years$1,657$1,129$751$489$313$63
35 years$1,592$1,071$702$450$284$54
36 years$1,531$1,017$657$414$257$46
37 years$1,473$966$614$382$233$39
38 years$1,419$918$575$352$211$34
39 years$1,367$873$539$324$191$29
40 years$1,318$830$505$299$174$25
41 years$1,271$790$474$276$158$21
42 years$1,227$753$444$255$143$18
43 years$1,185$717$417$235$130$15
44 years$1,145$684$392$217$118$13
45 years$1,107$652$368$201$107$11
46 years$1,071$622$345$185$97$10
47 years$1,036$593$324$171$88$8
48 years$1,003$567$305$158$80$7
49 years$972$541$287$146$73$6
50 years$941$517$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $964,000, adding $3,213 every year, while hoping to spend $20,120 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: 67/25/8 Blend
56$964,000$964,000$964,000$964,000
57$1,065,642$1,014,550$999,608$1,135,244
58$1,152,930$1,042,856$1,011,688$1,210,172
59$1,248,447$1,071,874$1,023,497$1,289,339
60$1,353,011$1,101,618$1,035,007$1,375,353
61$1,467,524$1,132,102$1,046,185$1,468,880
62$1,592,976$1,163,340$1,056,997$1,570,654
63$1,730,461$1,195,346$1,067,408$1,681,483
64$1,881,182$1,228,132$1,077,380$1,802,255
65$2,046,465$1,261,712$1,086,874$1,933,948
66$2,227,768$1,296,100$1,095,849$2,077,642
67$2,426,700$1,331,309$1,104,259$2,234,522
68$2,645,032$1,367,351$1,112,060$2,405,897
69$2,884,714$1,404,240$1,119,203$2,593,205
70$3,147,895$1,441,988$1,125,637$2,798,032
71$3,436,943$1,480,608$1,131,308$3,022,126
72$3,754,463$1,520,110$1,136,159$3,267,409
73$4,103,331$1,560,507$1,140,132$3,536,001
74$4,486,708$1,601,810$1,143,165$3,830,236
75$4,908,083$1,644,029$1,145,191$4,152,685
76$5,371,295$1,687,174$1,146,143$4,506,182
77$5,880,577$1,731,255$1,145,948$4,893,847
78$6,440,589$1,776,281$1,144,531$5,319,119
79$7,056,469$1,822,258$1,141,812$5,785,785
80$7,733,875$1,869,195$1,137,710$6,298,019
81$8,479,043$1,917,098$1,132,135$6,860,418
82$9,298,842$1,965,972$1,124,998$7,478,050
83$10,200,840$2,015,822$1,116,202$8,156,496
84$11,193,378$2,066,649$1,105,647$8,901,905
85$12,285,645$2,118,457$1,093,229$9,721,055
86$13,487,765$2,171,246$1,078,836$10,621,412
87$14,810,894$2,225,014$1,062,354$11,611,203
88$16,267,325$2,279,759$1,043,662$12,699,493
89$17,870,602$2,335,477$1,022,635$13,896,273
90$19,635,649$2,392,161$999,139$15,212,547
91$21,578,912$2,449,804$973,037$16,660,446
92$23,718,511$2,508,395$944,184$18,253,334
93$26,074,414$2,567,921$912,429$20,005,938
94$28,668,622$2,628,367$877,613$21,934,485
95$31,525,380$2,689,715$839,572$24,056,858
96$34,671,402$2,751,945$798,131$26,392,763
97$38,136,128$2,815,033$753,111$28,963,914
98$41,951,995$2,878,952$704,323$31,794,238
99$46,154,750$2,943,671$651,568$34,910,105
100$50,783,780$3,009,157$594,641$38,340,570