Can I retire at age 57 with 965,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$79,689$78,979$78,286$77,610$76,950$76,626
2 years$39,450$38,715$38,003$37,313$36,643$36,316
3 years$26,039$25,301$24,591$23,907$23,248$22,928
4 years$19,334$18,599$17,896$17,223$16,581$16,270
5 years$15,313$14,582$13,888$13,229$12,604$12,304
6 years$12,633$11,907$11,223$10,580$9,973$9,684
7 years$10,719$9,999$9,327$8,698$8,111$7,832
8 years$9,285$8,571$7,910$7,297$6,729$6,461
9 years$8,169$7,463$6,813$6,215$5,667$5,410
10 years$7,278$6,578$5,939$5,357$4,828$4,582
11 years$6,549$5,856$5,229$4,663$4,152$3,917
12 years$5,942$5,256$4,641$4,090$3,598$3,374
13 years$5,428$4,750$4,146$3,611$3,138$2,923
14 years$4,989$4,318$3,725$3,205$2,751$2,546
15 years$4,608$3,944$3,363$2,858$2,422$2,227
16 years$4,275$3,619$3,049$2,559$2,141$1,955
17 years$3,982$3,333$2,775$2,300$1,898$1,722
18 years$3,722$3,080$2,533$2,072$1,688$1,520
19 years$3,489$2,854$2,319$1,873$1,504$1,346
20 years$3,280$2,652$2,128$1,696$1,344$1,194
21 years$3,091$2,470$1,958$1,539$1,202$1,060
22 years$2,919$2,306$1,804$1,399$1,078$944
23 years$2,763$2,157$1,666$1,275$967$841
24 years$2,619$2,021$1,541$1,162$870$750
25 years$2,488$1,896$1,427$1,062$782$670
26 years$2,367$1,782$1,323$971$705$599
27 years$2,255$1,677$1,229$888$635$536
28 years$2,151$1,581$1,142$814$573$479
29 years$2,054$1,491$1,063$746$518$430
30 years$1,964$1,408$990$685$468$385
31 years$1,880$1,331$923$629$423$345
32 years$1,802$1,260$861$578$383$310
33 years$1,728$1,193$804$532$346$278
34 years$1,659$1,131$751$489$313$250
35 years$1,594$1,072$703$450$284$224
36 years$1,533$1,018$657$415$257$202
37 years$1,475$967$615$382$233$181
38 years$1,420$919$576$352$211$163
39 years$1,368$874$540$325$192$146
40 years$1,319$831$506$300$174$132
41 years$1,273$791$474$276$158$118
42 years$1,229$753$445$255$143$107
43 years$1,187$718$418$235$130$96
44 years$1,147$684$392$217$118$86
45 years$1,108$653$368$201$107$78
46 years$1,072$623$346$185$97$70
47 years$1,037$594$325$171$88$63
48 years$1,004$567$305$158$80$57
49 years$973$542$287$146$73$51
50 years$942$517$270$135$66$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $965,000, adding $4,091 every year, while hoping to spend $46,044 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: 62/31/7 Blend
56$965,000$965,000$965,000$965,000
57$1,067,650$1,016,505$1,001,547$1,132,134
58$1,127,560$1,017,323$986,109$1,176,514
59$1,192,037$1,016,638$968,610$1,219,204
60$1,261,499$1,014,328$948,933$1,264,617
61$1,336,405$1,010,263$926,955$1,313,016
62$1,417,257$1,004,305$902,546$1,364,691
63$1,504,609$996,307$875,574$1,419,963
64$1,599,069$986,116$845,895$1,479,186
65$1,701,305$973,567$813,364$1,542,754
66$1,812,052$958,485$777,825$1,611,100
67$1,932,117$940,687$739,118$1,684,705
68$2,062,389$919,976$697,074$1,764,100
69$2,203,844$896,147$651,518$1,849,873
70$2,357,557$868,979$602,264$1,942,673
71$2,524,710$838,241$549,122$2,043,219
72$2,706,603$803,687$491,890$2,152,305
73$2,904,666$765,057$430,358$2,270,809
74$3,120,475$722,078$364,308$2,399,701
75$3,355,761$674,458$293,510$2,540,056
76$3,612,432$621,890$217,726$2,693,058
77$3,892,587$564,049$136,707$2,860,018
78$4,198,535$500,592$50,191$3,042,384
79$4,532,821$431,156$0$3,241,757
80$4,898,244$355,358$0$3,463,052
81$5,297,887$272,793$0$3,709,281
82$5,735,144$183,032$0$3,978,870
83$6,213,754$85,625$0$4,274,226
84$6,737,830$0$0$4,598,007
85$7,311,906$0$0$4,959,935
86$7,940,972$0$0$5,388,608
87$8,630,525$0$0$5,858,574
88$9,386,620$0$0$6,373,966
89$10,215,923$0$0$6,939,340
90$11,125,779$0$0$7,559,712
91$12,124,277$0$0$8,240,607
92$13,220,327$0$0$8,988,112
93$14,423,745$0$0$9,808,932
94$15,745,342$0$0$10,710,452
95$17,197,029$0$0$11,700,810
96$18,791,926$0$0$12,788,967
97$20,544,488$0$0$13,984,799
98$22,470,638$0$0$15,299,184
99$24,587,920$0$0$16,744,106
100$26,915,662$0$0$18,332,768