Can I retire at age 57 with 969,000?

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 $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%18%
1 years$80,019$79,306$78,611$77,932$77,269$74,766
2 years$39,613$38,876$38,161$37,467$36,795$34,296
3 years$26,147$25,406$24,692$24,006$23,344$20,929
4 years$19,415$18,676$17,970$17,295$16,649$14,336
5 years$15,376$14,642$13,945$13,284$12,657$10,451
6 years$12,685$11,956$11,270$10,623$10,015$7,918
7 years$10,764$10,041$9,365$8,734$8,145$6,158
8 years$9,323$8,607$7,943$7,327$6,757$4,878
9 years$8,203$7,494$6,841$6,241$5,690$3,917
10 years$7,308$6,606$5,964$5,380$4,848$3,179
11 years$6,576$5,880$5,251$4,682$4,170$2,600
12 years$5,966$5,278$4,660$4,107$3,613$2,140
13 years$5,451$4,770$4,163$3,626$3,151$1,771
14 years$5,009$4,336$3,741$3,218$2,762$1,471
15 years$4,627$3,961$3,377$2,870$2,432$1,226
16 years$4,293$3,634$3,062$2,570$2,149$1,025
17 years$3,999$3,347$2,786$2,309$1,906$859
18 years$3,737$3,092$2,544$2,081$1,695$721
19 years$3,503$2,866$2,329$1,880$1,510$606
20 years$3,293$2,663$2,137$1,703$1,349$510
21 years$3,104$2,481$1,966$1,546$1,207$430
22 years$2,931$2,316$1,812$1,405$1,082$362
23 years$2,774$2,166$1,673$1,280$971$306
24 years$2,630$2,029$1,547$1,167$873$258
25 years$2,498$1,904$1,433$1,066$786$218
26 years$2,377$1,790$1,329$975$708$184
27 years$2,264$1,684$1,234$892$638$156
28 years$2,160$1,587$1,147$817$576$132
29 years$2,063$1,497$1,068$750$520$112
30 years$1,972$1,414$994$688$470$95
31 years$1,888$1,337$927$632$425$80
32 years$1,809$1,265$865$581$384$68
33 years$1,735$1,198$808$534$348$57
34 years$1,666$1,135$755$491$315$49
35 years$1,601$1,077$705$452$285$41
36 years$1,539$1,022$660$417$258$35
37 years$1,481$971$618$384$234$30
38 years$1,426$922$578$354$212$25
39 years$1,374$877$542$326$192$21
40 years$1,325$835$508$301$175$18
41 years$1,278$794$476$278$158$15
42 years$1,234$757$447$256$144$13
43 years$1,191$721$419$236$130$11
44 years$1,151$687$394$218$118$9
45 years$1,113$655$370$202$107$8
46 years$1,077$625$347$186$98$7
47 years$1,042$597$326$172$89$6
48 years$1,008$569$306$159$80$5
49 years$977$544$288$147$73$4
50 years$946$519$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $969,000, adding $6,190 every year, while hoping to spend $33,475 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: 61/27/12 Blend
56$969,000$969,000$969,000$969,000
57$1,074,223$1,022,866$1,007,846$1,136,306
58$1,148,177$1,037,369$1,005,992$1,193,235
59$1,228,552$1,051,461$1,002,954$1,250,968
60$1,315,967$1,065,087$998,656$1,313,149
61$1,411,106$1,078,186$993,021$1,380,209
62$1,514,717$1,090,695$985,966$1,452,625
63$1,627,627$1,102,548$977,404$1,530,921
64$1,750,743$1,113,671$967,246$1,615,677
65$1,885,066$1,123,988$955,395$1,707,531
66$2,031,696$1,133,416$941,754$1,807,188
67$2,191,844$1,141,869$926,218$1,915,424
68$2,366,844$1,149,252$908,678$2,033,096
69$2,558,164$1,155,467$889,021$2,161,149
70$2,767,420$1,160,409$867,127$2,300,626
71$2,996,393$1,163,965$842,872$2,452,674
72$3,247,042$1,166,017$816,125$2,618,563
73$3,521,526$1,166,436$786,750$2,799,690
74$3,822,220$1,165,090$754,605$2,997,596
75$4,151,742$1,161,835$719,540$3,213,983
76$4,512,974$1,156,520$681,399$3,450,727
77$4,909,092$1,148,984$640,020$3,709,894
78$5,343,591$1,139,056$595,233$3,993,767
79$5,820,323$1,126,555$546,858$4,304,862
80$6,343,529$1,111,290$494,712$4,645,952
81$6,917,883$1,093,057$438,599$5,020,097
82$7,548,531$1,071,641$378,316$5,430,672
83$8,241,144$1,046,814$313,652$5,881,396
84$9,001,967$1,018,334$244,386$6,376,374
85$9,837,882$985,946$170,286$6,920,129
86$10,756,467$949,379$91,112$7,517,650
87$11,766,075$908,347$6,613$8,174,439
88$12,875,904$862,546$0$8,896,563
89$14,096,091$811,655$0$9,701,410
90$15,437,804$755,337$0$10,587,254
91$16,913,344$693,233$0$11,561,417
92$18,536,267$624,963$0$12,632,903
93$20,321,507$550,128$0$13,811,638
94$22,285,520$468,303$0$15,108,564
95$24,446,436$379,043$0$16,535,741
96$26,824,231$281,875$0$18,106,463
97$29,440,915$176,299$0$19,835,386
98$32,320,740$61,789$0$21,738,662
99$35,490,428$0$0$23,834,096
100$38,979,423$0$0$26,159,799