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%15.3%
1 years$80,019$79,306$78,611$77,932$77,269$75,586
2 years$39,613$38,876$38,161$37,467$36,795$35,107
3 years$26,147$25,406$24,692$24,006$23,344$21,705
4 years$19,415$18,676$17,970$17,295$16,649$15,071
5 years$15,376$14,642$13,945$13,284$12,657$11,144
6 years$12,685$11,956$11,270$10,623$10,015$8,570
7 years$10,764$10,041$9,365$8,734$8,145$6,767
8 years$9,323$8,607$7,943$7,327$6,757$5,446
9 years$8,203$7,494$6,841$6,241$5,690$4,446
10 years$7,308$6,606$5,964$5,380$4,848$3,669
11 years$6,576$5,880$5,251$4,682$4,170$3,053
12 years$5,966$5,278$4,660$4,107$3,613$2,558
13 years$5,451$4,770$4,163$3,626$3,151$2,156
14 years$5,009$4,336$3,741$3,218$2,762$1,824
15 years$4,627$3,961$3,377$2,870$2,432$1,550
16 years$4,293$3,634$3,062$2,570$2,149$1,321
17 years$3,999$3,347$2,786$2,309$1,906$1,128
18 years$3,737$3,092$2,544$2,081$1,695$966
19 years$3,503$2,866$2,329$1,880$1,510$829
20 years$3,293$2,663$2,137$1,703$1,349$712
21 years$3,104$2,481$1,966$1,546$1,207$613
22 years$2,931$2,316$1,812$1,405$1,082$528
23 years$2,774$2,166$1,673$1,280$971$455
24 years$2,630$2,029$1,547$1,167$873$392
25 years$2,498$1,904$1,433$1,066$786$339
26 years$2,377$1,790$1,329$975$708$293
27 years$2,264$1,684$1,234$892$638$253
28 years$2,160$1,587$1,147$817$576$219
29 years$2,063$1,497$1,068$750$520$189
30 years$1,972$1,414$994$688$470$164
31 years$1,888$1,337$927$632$425$142
32 years$1,809$1,265$865$581$384$123
33 years$1,735$1,198$808$534$348$106
34 years$1,666$1,135$755$491$315$92
35 years$1,601$1,077$705$452$285$80
36 years$1,539$1,022$660$417$258$69
37 years$1,481$971$618$384$234$60
38 years$1,426$922$578$354$212$52
39 years$1,374$877$542$326$192$45
40 years$1,325$835$508$301$175$39
41 years$1,278$794$476$278$158$34
42 years$1,234$757$447$256$144$29
43 years$1,191$721$419$236$130$25
44 years$1,151$687$394$218$118$22
45 years$1,113$655$370$202$107$19
46 years$1,077$625$347$186$98$17
47 years$1,042$597$326$172$89$14
48 years$1,008$569$306$159$80$12
49 years$977$544$288$147$73$11
50 years$946$519$271$136$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $969,000, adding $5,807 every year, while hoping to spend $25,034 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: 64/22/14 Blend
56$969,000$969,000$969,000$969,000
57$1,073,828$1,022,471$1,007,451$1,138,600
58$1,156,722$1,045,936$1,014,565$1,206,143
59$1,247,233$1,069,712$1,021,078$1,276,475
60$1,346,110$1,093,787$1,026,944$1,352,686
61$1,454,180$1,118,150$1,032,113$1,435,348
62$1,572,353$1,142,785$1,036,535$1,525,092
63$1,701,629$1,167,677$1,040,155$1,622,613
64$1,843,111$1,192,810$1,042,916$1,728,677
65$1,998,014$1,218,163$1,044,760$1,844,126
66$2,167,675$1,243,717$1,045,622$1,969,890
67$2,353,566$1,269,447$1,045,439$2,106,994
68$2,557,308$1,295,328$1,044,140$2,256,564
69$2,780,688$1,321,334$1,041,653$2,419,843
70$3,025,673$1,347,434$1,037,903$2,598,202
71$3,294,429$1,373,595$1,032,809$2,793,149
72$3,589,342$1,399,783$1,026,290$3,006,347
73$3,913,041$1,425,958$1,018,257$3,239,629
74$4,268,421$1,452,080$1,008,619$3,495,013
75$4,658,672$1,478,104$997,279$3,774,726
76$5,087,307$1,503,982$984,139$4,081,219
77$5,558,197$1,529,661$969,092$4,417,195
78$6,075,605$1,555,086$952,028$4,785,634
79$6,644,228$1,580,197$932,832$5,189,816
80$7,269,241$1,604,929$911,385$5,633,360
81$7,956,346$1,629,213$887,558$6,120,252
82$8,711,824$1,652,974$861,222$6,654,886
83$9,542,594$1,676,134$832,236$7,242,105
84$10,456,280$1,698,607$800,458$7,887,245
85$11,461,283$1,720,301$765,736$8,596,189
86$12,566,859$1,741,120$727,913$9,375,417
87$13,783,203$1,760,960$686,823$10,232,075
88$15,121,552$1,779,709$642,294$11,174,037
89$16,594,286$1,797,250$594,146$12,209,979
90$18,215,043$1,813,456$542,190$13,349,467
91$19,998,854$1,828,192$486,230$14,603,040
92$21,962,280$1,841,316$426,061$15,982,316
93$24,123,566$1,852,674$361,468$17,500,098
94$26,502,819$1,862,104$292,226$19,170,496
95$29,122,193$1,869,434$218,103$21,009,062
96$32,006,100$1,874,480$138,853$23,032,935
97$35,181,440$1,877,046$54,221$25,261,005
98$38,677,851$1,876,926$0$27,714,091
99$42,527,996$1,873,899$0$30,420,529
100$46,767,862$1,867,731$0$33,409,208