Can I retire at age 57 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$79,689$78,979$78,286$77,610$76,950$74,457
2 years$39,450$38,715$38,003$37,313$36,643$34,155
3 years$26,039$25,301$24,591$23,907$23,248$20,842
4 years$19,334$18,599$17,896$17,223$16,581$14,276
5 years$15,313$14,582$13,888$13,229$12,604$10,407
6 years$12,633$11,907$11,223$10,580$9,973$7,886
7 years$10,719$9,999$9,327$8,698$8,111$6,132
8 years$9,285$8,571$7,910$7,297$6,729$4,858
9 years$8,169$7,463$6,813$6,215$5,667$3,901
10 years$7,278$6,578$5,939$5,357$4,828$3,166
11 years$6,549$5,856$5,229$4,663$4,152$2,589
12 years$5,942$5,256$4,641$4,090$3,598$2,132
13 years$5,428$4,750$4,146$3,611$3,138$1,764
14 years$4,989$4,318$3,725$3,205$2,751$1,465
15 years$4,608$3,944$3,363$2,858$2,422$1,221
16 years$4,275$3,619$3,049$2,559$2,141$1,021
17 years$3,982$3,333$2,775$2,300$1,898$855
18 years$3,722$3,080$2,533$2,072$1,688$718
19 years$3,489$2,854$2,319$1,873$1,504$603
20 years$3,280$2,652$2,128$1,696$1,344$508
21 years$3,091$2,470$1,958$1,539$1,202$428
22 years$2,919$2,306$1,804$1,399$1,078$361
23 years$2,763$2,157$1,666$1,275$967$305
24 years$2,619$2,021$1,541$1,162$870$257
25 years$2,488$1,896$1,427$1,062$782$217
26 years$2,367$1,782$1,323$971$705$184
27 years$2,255$1,677$1,229$888$635$155
28 years$2,151$1,581$1,142$814$573$131
29 years$2,054$1,491$1,063$746$518$111
30 years$1,964$1,408$990$685$468$94
31 years$1,880$1,331$923$629$423$80
32 years$1,802$1,260$861$578$383$67
33 years$1,728$1,193$804$532$346$57
34 years$1,659$1,131$751$489$313$48
35 years$1,594$1,072$703$450$284$41
36 years$1,533$1,018$657$415$257$35
37 years$1,475$967$615$382$233$29
38 years$1,420$919$576$352$211$25
39 years$1,368$874$540$325$192$21
40 years$1,319$831$506$300$174$18
41 years$1,273$791$474$276$158$15
42 years$1,229$753$445$255$143$13
43 years$1,187$718$418$235$130$11
44 years$1,147$684$392$217$118$9
45 years$1,108$653$368$201$107$8
46 years$1,072$623$346$185$97$7
47 years$1,037$594$325$171$88$6
48 years$1,004$567$305$158$80$5
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $965,000, adding $6,763 every year, while hoping to spend $30,794 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: 52/39/9 Blend
56$965,000$965,000$965,000$965,000
57$1,070,406$1,019,261$1,004,304$1,123,266
58$1,146,823$1,036,440$1,005,183$1,177,153
59$1,230,002$1,053,429$1,005,060$1,231,835
60$1,320,601$1,070,186$1,003,868$1,290,576
61$1,419,343$1,086,666$1,001,539$1,353,767
62$1,527,024$1,102,820$997,998$1,421,837
63$1,644,520$1,118,598$993,170$1,495,261
64$1,772,795$1,133,943$986,976$1,574,560
65$1,912,911$1,148,798$979,331$1,660,312
66$2,066,037$1,163,098$970,147$1,753,151
67$2,233,459$1,176,775$959,333$1,853,780
68$2,416,593$1,189,759$946,792$1,962,971
69$2,617,000$1,201,972$932,424$2,081,578
70$2,836,397$1,213,331$916,123$2,210,541
71$3,076,675$1,223,749$897,778$2,350,898
72$3,339,916$1,233,134$877,275$2,503,794
73$3,628,415$1,241,384$854,491$2,670,492
74$3,944,697$1,248,396$829,300$2,852,383
75$4,291,545$1,254,056$801,570$3,051,004
76$4,672,022$1,258,245$771,163$3,268,050
77$5,089,505$1,260,836$737,933$3,505,389
78$5,547,710$1,261,692$701,730$3,765,082
79$6,050,734$1,260,672$662,395$4,049,402
80$6,603,086$1,257,622$619,762$4,360,858
81$7,209,736$1,252,381$573,659$4,702,213
82$7,876,158$1,244,777$523,906$5,076,519
83$8,608,383$1,234,627$470,313$5,487,140
84$9,413,053$1,221,739$412,684$5,937,783
85$10,297,488$1,205,909$350,813$6,432,542
86$11,269,751$1,186,917$284,485$6,975,928
87$12,338,726$1,164,536$213,475$7,572,917
88$13,514,199$1,138,521$137,549$8,228,996
89$14,806,953$1,108,615$56,463$8,950,215
90$16,228,869$1,074,544$0$9,743,248
91$17,793,036$1,036,018$0$10,618,339
92$19,513,875$992,733$0$11,586,689
93$21,407,278$944,365$0$12,651,844
94$23,490,752$890,570$0$13,823,696
95$25,783,588$830,988$0$15,113,150
96$28,307,042$765,234$0$16,532,232
97$31,084,535$692,905$0$18,094,196
98$34,141,872$613,572$0$19,813,654
99$37,507,489$526,783$0$21,706,718
100$41,212,718$432,060$0$23,791,145