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%11.9%
1 years$79,854$79,143$78,449$77,771$77,110$76,496
2 years$39,532$38,795$38,082$37,390$36,719$36,100
3 years$26,093$25,353$24,642$23,956$23,296$22,691
4 years$19,374$18,637$17,933$17,259$16,615$16,029
5 years$15,345$14,612$13,917$13,257$12,630$12,065
6 years$12,659$11,932$11,247$10,601$9,994$9,450
7 years$10,741$10,020$9,346$8,716$8,128$7,605
8 years$9,304$8,589$7,926$7,312$6,743$6,242
9 years$8,186$7,478$6,827$6,228$5,678$5,199
10 years$7,293$6,592$5,952$5,369$4,838$4,380
11 years$6,562$5,868$5,240$4,672$4,161$3,724
12 years$5,954$5,267$4,650$4,098$3,606$3,189
13 years$5,440$4,760$4,155$3,618$3,144$2,748
14 years$4,999$4,327$3,733$3,212$2,756$2,379
15 years$4,618$3,952$3,370$2,864$2,427$2,069
16 years$4,284$3,626$3,056$2,565$2,145$1,805
17 years$3,990$3,340$2,781$2,304$1,902$1,580
18 years$3,729$3,086$2,538$2,077$1,691$1,386
19 years$3,496$2,860$2,324$1,876$1,507$1,219
20 years$3,287$2,658$2,133$1,699$1,346$1,074
21 years$3,097$2,476$1,962$1,542$1,205$948
22 years$2,925$2,311$1,808$1,402$1,080$838
23 years$2,768$2,161$1,669$1,277$969$741
24 years$2,625$2,025$1,544$1,165$871$657
25 years$2,493$1,900$1,430$1,064$784$583
26 years$2,372$1,786$1,326$973$706$517
27 years$2,259$1,681$1,231$890$637$459
28 years$2,155$1,584$1,145$816$575$408
29 years$2,059$1,494$1,065$748$519$363
30 years$1,968$1,411$992$687$469$323
31 years$1,884$1,334$925$631$424$288
32 years$1,806$1,262$863$579$383$256
33 years$1,732$1,195$806$533$347$228
34 years$1,662$1,133$753$490$314$203
35 years$1,597$1,075$704$451$285$181
36 years$1,536$1,020$659$416$258$162
37 years$1,478$969$616$383$234$144
38 years$1,423$921$577$353$212$129
39 years$1,371$875$541$325$192$115
40 years$1,322$833$507$300$174$103
41 years$1,275$793$475$277$158$92
42 years$1,231$755$446$256$143$82
43 years$1,189$719$418$236$130$73
44 years$1,149$686$393$218$118$65
45 years$1,111$654$369$201$107$58
46 years$1,074$624$346$186$97$52
47 years$1,040$595$325$172$88$46
48 years$1,006$568$306$159$80$41
49 years$975$543$287$147$73$37
50 years$944$518$270$136$66$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $967,000, adding $6,039 every year, while hoping to spend $32,063 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: 34/41/25 Blend
56$967,000$967,000$967,000$967,000
57$1,071,863$1,020,612$1,005,624$1,099,996
58$1,147,078$1,036,507$1,005,197$1,137,451
59$1,228,891$1,052,107$1,003,682$1,174,490
60$1,317,940$1,067,362$1,001,008$1,213,795
61$1,414,929$1,082,222$997,100$1,255,588
62$1,520,631$1,096,630$991,882$1,300,116
63$1,635,898$1,110,528$985,273$1,347,651
64$1,761,668$1,123,851$977,188$1,398,494
65$1,898,971$1,136,534$967,537$1,452,982
66$2,048,945$1,148,502$956,228$1,511,484
67$2,212,838$1,159,680$943,163$1,574,410
68$2,392,028$1,169,985$928,239$1,642,215
69$2,588,030$1,179,329$911,350$1,715,401
70$2,802,513$1,187,620$892,384$1,794,524
71$3,037,314$1,194,758$871,223$1,880,200
72$3,294,456$1,200,637$847,746$1,973,110
73$3,576,168$1,205,146$821,822$2,074,008
74$3,884,903$1,208,164$793,320$2,183,727
75$4,223,364$1,209,565$762,097$2,303,188
76$4,594,528$1,209,214$728,008$2,433,412
77$5,001,672$1,206,968$690,898$2,575,525
78$5,448,408$1,202,675$650,609$2,730,774
79$5,938,712$1,196,173$606,971$2,900,537
80$6,476,967$1,187,291$559,811$3,086,335
81$7,067,997$1,175,849$508,944$3,289,852
82$7,717,120$1,161,652$454,181$3,512,949
83$8,430,191$1,144,498$395,320$3,757,679
84$9,213,661$1,124,169$332,155$4,026,314
85$10,074,639$1,100,438$264,466$4,321,362
86$11,020,954$1,073,061$192,028$4,645,593
87$12,061,232$1,041,782$114,602$5,002,068
88$13,204,977$1,006,329$31,940$5,394,168
89$14,462,660$966,413$0$5,825,624
90$15,845,815$921,732$0$6,315,569
91$17,367,153$871,961$0$6,863,612
92$19,040,677$816,762$0$7,466,324
93$20,881,816$755,773$0$8,129,329
94$22,907,569$688,613$0$8,858,832
95$25,136,666$614,881$0$9,661,678
96$27,589,747$534,151$0$10,545,416
97$30,289,549$445,973$0$11,518,372
98$33,261,129$349,871$0$12,589,728
99$36,532,095$245,346$0$13,769,613
100$40,132,867$131,866$0$15,069,195