Can I retire at age 57 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$79,854$79,143$78,449$77,771$77,110$76,624
2 years$39,532$38,795$38,082$37,390$36,719$36,229
3 years$26,093$25,353$24,642$23,956$23,296$22,817
4 years$19,374$18,637$17,933$17,259$16,615$16,150
5 years$15,345$14,612$13,917$13,257$12,630$12,182
6 years$12,659$11,932$11,247$10,601$9,994$9,562
7 years$10,741$10,020$9,346$8,716$8,128$7,713
8 years$9,304$8,589$7,926$7,312$6,743$6,344
9 years$8,186$7,478$6,827$6,228$5,678$5,297
10 years$7,293$6,592$5,952$5,369$4,838$4,473
11 years$6,562$5,868$5,240$4,672$4,161$3,812
12 years$5,954$5,267$4,650$4,098$3,606$3,273
13 years$5,440$4,760$4,155$3,618$3,144$2,827
14 years$4,999$4,327$3,733$3,212$2,756$2,454
15 years$4,618$3,952$3,370$2,864$2,427$2,140
16 years$4,284$3,626$3,056$2,565$2,145$1,872
17 years$3,990$3,340$2,781$2,304$1,902$1,643
18 years$3,729$3,086$2,538$2,077$1,691$1,446
19 years$3,496$2,860$2,324$1,876$1,507$1,275
20 years$3,287$2,658$2,133$1,699$1,346$1,127
21 years$3,097$2,476$1,962$1,542$1,205$997
22 years$2,925$2,311$1,808$1,402$1,080$884
23 years$2,768$2,161$1,669$1,277$969$785
24 years$2,625$2,025$1,544$1,165$871$698
25 years$2,493$1,900$1,430$1,064$784$621
26 years$2,372$1,786$1,326$973$706$552
27 years$2,259$1,681$1,231$890$637$492
28 years$2,155$1,584$1,145$816$575$439
29 years$2,059$1,494$1,065$748$519$392
30 years$1,968$1,411$992$687$469$350
31 years$1,884$1,334$925$631$424$312
32 years$1,806$1,262$863$579$383$279
33 years$1,732$1,195$806$533$347$250
34 years$1,662$1,133$753$490$314$223
35 years$1,597$1,075$704$451$285$200
36 years$1,536$1,020$659$416$258$179
37 years$1,478$969$616$383$234$160
38 years$1,423$921$577$353$212$143
39 years$1,371$875$541$325$192$128
40 years$1,322$833$507$300$174$115
41 years$1,275$793$475$277$158$103
42 years$1,231$755$446$256$143$92
43 years$1,189$719$418$236$130$82
44 years$1,149$686$393$218$118$74
45 years$1,111$654$369$201$107$66
46 years$1,074$624$346$186$97$59
47 years$1,040$595$325$172$88$53
48 years$1,006$568$306$159$80$48
49 years$975$543$287$147$73$43
50 years$944$518$270$136$66$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $967,000, adding $2,314 every year, while hoping to spend $38,186 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: 61/15/24 Blend
56$967,000$967,000$967,000$967,000
57$1,068,021$1,016,770$1,001,781$1,126,230
58$1,136,329$1,025,962$994,711$1,175,180
59$1,210,326$1,034,325$986,125$1,224,207
60$1,290,549$1,041,777$975,930$1,276,881
61$1,377,594$1,048,233$964,033$1,333,565
62$1,472,113$1,053,600$950,332$1,394,658
63$1,574,823$1,057,782$934,723$1,460,601
64$1,686,516$1,060,674$917,097$1,531,882
65$1,808,060$1,062,166$897,339$1,609,039
66$1,940,411$1,062,141$875,329$1,692,668
67$2,084,621$1,060,475$850,941$1,783,426
68$2,241,849$1,057,035$824,044$1,882,036
69$2,413,369$1,051,681$794,501$1,989,301
70$2,600,585$1,044,265$762,169$2,106,103
71$2,805,039$1,034,628$726,896$2,233,420
72$3,028,432$1,022,604$688,526$2,372,329
73$3,272,635$1,008,015$646,895$2,524,019
74$3,539,710$990,673$601,831$2,689,804
75$3,831,923$970,380$553,156$2,871,132
76$4,151,774$946,923$500,682$3,069,604
77$4,502,014$920,081$444,213$3,286,985
78$4,885,671$889,616$383,546$3,525,225
79$5,306,080$855,279$318,466$3,786,472
80$5,766,917$816,804$248,751$4,073,100
81$6,272,227$773,912$174,169$4,387,728
82$6,826,467$726,307$94,476$4,733,244
83$7,434,546$673,675$9,420$5,112,837
84$8,101,869$615,684$0$5,530,022
85$8,834,393$551,986$0$6,009,513
86$9,638,678$482,210$0$6,538,686
87$10,521,949$405,965$0$7,119,922
88$11,492,169$322,837$0$7,758,506
89$12,558,105$232,392$0$8,460,266
90$13,729,420$134,167$0$9,231,621
91$15,016,756$27,676$0$10,079,649
92$16,431,839$0$0$11,012,151
93$17,987,586$0$0$12,052,183
94$19,698,231$0$0$13,200,870
95$21,579,452$0$0$14,464,184
96$23,648,526$0$0$15,853,735
97$25,924,486$0$0$17,382,318
98$28,428,304$0$0$19,064,029
99$31,183,087$0$0$20,914,398
100$34,214,293$0$0$22,950,539