Can I retire at age 57 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$80,019$79,306$78,611$77,932$77,269$76,209
2 years$39,613$38,876$38,161$37,467$36,795$35,729
3 years$26,147$25,406$24,692$24,006$23,344$22,305
4 years$19,415$18,676$17,970$17,295$16,649$15,645
5 years$15,376$14,642$13,945$13,284$12,657$11,690
6 years$12,685$11,956$11,270$10,623$10,015$9,088
7 years$10,764$10,041$9,365$8,734$8,145$7,257
8 years$9,323$8,607$7,943$7,327$6,757$5,909
9 years$8,203$7,494$6,841$6,241$5,690$4,881
10 years$7,308$6,606$5,964$5,380$4,848$4,078
11 years$6,576$5,880$5,251$4,682$4,170$3,437
12 years$5,966$5,278$4,660$4,107$3,613$2,917
13 years$5,451$4,770$4,163$3,626$3,151$2,491
14 years$5,009$4,336$3,741$3,218$2,762$2,137
15 years$4,627$3,961$3,377$2,870$2,432$1,840
16 years$4,293$3,634$3,062$2,570$2,149$1,590
17 years$3,999$3,347$2,786$2,309$1,906$1,378
18 years$3,737$3,092$2,544$2,081$1,695$1,197
19 years$3,503$2,866$2,329$1,880$1,510$1,042
20 years$3,293$2,663$2,137$1,703$1,349$909
21 years$3,104$2,481$1,966$1,546$1,207$794
22 years$2,931$2,316$1,812$1,405$1,082$694
23 years$2,774$2,166$1,673$1,280$971$608
24 years$2,630$2,029$1,547$1,167$873$533
25 years$2,498$1,904$1,433$1,066$786$467
26 years$2,377$1,790$1,329$975$708$410
27 years$2,264$1,684$1,234$892$638$360
28 years$2,160$1,587$1,147$817$576$317
29 years$2,063$1,497$1,068$750$520$279
30 years$1,972$1,414$994$688$470$245
31 years$1,888$1,337$927$632$425$216
32 years$1,809$1,265$865$581$384$190
33 years$1,735$1,198$808$534$348$167
34 years$1,666$1,135$755$491$315$147
35 years$1,601$1,077$705$452$285$130
36 years$1,539$1,022$660$417$258$114
37 years$1,481$971$618$384$234$101
38 years$1,426$922$578$354$212$89
39 years$1,374$877$542$326$192$78
40 years$1,325$835$508$301$175$69
41 years$1,278$794$476$278$158$61
42 years$1,234$757$447$256$144$54
43 years$1,191$721$419$236$130$47
44 years$1,151$687$394$218$118$42
45 years$1,113$655$370$202$107$37
46 years$1,077$625$347$186$98$33
47 years$1,042$597$326$172$89$29
48 years$1,008$569$306$159$80$25
49 years$977$544$288$147$73$22
50 years$946$519$271$136$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $969,000, adding $6,971 every year, while hoping to spend $27,506 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: 46/39/15 Blend
56$969,000$969,000$969,000$969,000
57$1,075,029$1,023,672$1,008,652$1,119,603
58$1,155,415$1,044,565$1,013,176$1,172,192
59$1,243,080$1,065,561$1,016,929$1,225,868
60$1,338,735$1,086,634$1,019,857$1,283,500
61$1,443,166$1,107,760$1,021,903$1,345,468
62$1,557,237$1,128,908$1,023,005$1,412,188
63$1,681,900$1,150,050$1,023,100$1,484,120
64$1,818,202$1,171,150$1,022,122$1,561,772
65$1,967,296$1,192,174$1,020,001$1,645,702
66$2,130,453$1,213,083$1,016,663$1,736,527
67$2,309,070$1,233,835$1,012,032$1,834,928
68$2,504,687$1,254,385$1,006,028$1,941,653
69$2,719,001$1,274,685$998,565$2,057,530
70$2,953,877$1,294,683$989,555$2,183,470
71$3,211,373$1,314,323$978,906$2,320,479
72$3,493,755$1,333,546$966,520$2,469,666
73$3,803,516$1,352,288$952,297$2,632,254
74$4,143,404$1,370,480$936,129$2,809,591
75$4,516,447$1,388,050$917,905$3,003,164
76$4,925,979$1,404,918$897,509$3,214,614
77$5,375,672$1,421,002$874,818$3,445,749
78$5,869,571$1,436,212$849,706$3,698,564
79$6,412,134$1,450,453$822,038$3,975,259
80$7,008,270$1,463,624$791,674$4,278,259
81$7,663,389$1,475,616$758,470$4,610,240
82$8,383,448$1,486,315$722,272$4,974,151
83$9,175,012$1,495,597$682,921$5,373,246
84$10,045,314$1,503,332$640,250$5,811,111
85$11,002,323$1,509,382$594,085$6,291,703
86$12,054,816$1,513,598$544,243$6,819,382
87$13,212,467$1,515,824$490,535$7,398,959
88$14,485,932$1,515,892$432,761$8,035,737
89$15,886,953$1,513,627$370,714$8,735,563
90$17,428,466$1,508,839$304,178$9,504,885
91$19,124,728$1,501,330$232,925$10,350,812
92$20,991,442$1,490,888$156,720$11,281,184
93$23,045,915$1,477,287$75,317$12,304,641
94$25,307,215$1,460,290$0$13,430,714
95$27,796,351$1,439,645$0$14,671,758
96$30,536,475$1,415,084$0$16,050,489
97$33,553,097$1,386,324$0$17,567,657
98$36,874,323$1,353,065$0$19,237,387
99$40,531,127$1,314,988$0$21,075,249
100$44,557,637$1,271,758$0$23,098,406