Can I retire at age 57 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$80,184$79,470$78,773$78,093$77,429$75,526
2 years$39,695$38,956$38,239$37,545$36,871$34,966
3 years$26,201$25,458$24,743$24,055$23,392$21,545
4 years$19,455$18,714$18,007$17,330$16,684$14,907
5 years$15,408$14,672$13,974$13,311$12,683$10,982
6 years$12,711$11,981$11,293$10,645$10,035$8,413
7 years$10,786$10,062$9,385$8,752$8,161$6,617
8 years$9,342$8,625$7,959$7,342$6,771$5,304
9 years$8,220$7,509$6,855$6,254$5,702$4,311
10 years$7,323$6,619$5,976$5,391$4,858$3,542
11 years$6,589$5,893$5,261$4,692$4,178$2,935
12 years$5,979$5,289$4,669$4,115$3,621$2,448
13 years$5,462$4,780$4,172$3,633$3,157$2,053
14 years$5,020$4,345$3,748$3,225$2,768$1,729
15 years$4,637$3,969$3,384$2,876$2,437$1,462
16 years$4,302$3,641$3,068$2,575$2,154$1,240
17 years$4,007$3,354$2,792$2,314$1,910$1,054
18 years$3,745$3,099$2,549$2,085$1,698$898
19 years$3,511$2,872$2,333$1,884$1,513$766
20 years$3,300$2,669$2,141$1,707$1,352$655
21 years$3,110$2,486$1,970$1,549$1,210$560
22 years$2,937$2,320$1,815$1,408$1,084$480
23 years$2,780$2,170$1,676$1,282$973$411
24 years$2,636$2,033$1,550$1,170$875$353
25 years$2,503$1,908$1,436$1,068$787$303
26 years$2,381$1,793$1,332$977$709$260
27 years$2,269$1,688$1,237$894$639$224
28 years$2,164$1,590$1,150$819$577$192
29 years$2,067$1,500$1,070$751$521$166
30 years$1,977$1,417$996$689$471$142
31 years$1,892$1,339$929$633$426$123
32 years$1,813$1,267$867$582$385$106
33 years$1,739$1,200$809$535$348$91
34 years$1,669$1,138$756$492$315$78
35 years$1,604$1,079$707$453$286$67
36 years$1,542$1,024$661$417$259$58
37 years$1,484$973$619$385$235$50
38 years$1,429$924$580$354$213$43
39 years$1,377$879$543$327$193$37
40 years$1,328$836$509$301$175$32
41 years$1,281$796$477$278$159$28
42 years$1,236$758$448$257$144$24
43 years$1,194$722$420$237$131$20
44 years$1,154$689$394$219$119$18
45 years$1,115$657$370$202$108$15
46 years$1,079$626$348$187$98$13
47 years$1,044$598$327$172$89$11
48 years$1,010$571$307$159$81$10
49 years$979$545$289$147$73$8
50 years$948$521$271$136$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $971,000, adding $5,245 every year, while hoping to spend $55,972 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: 53/31/16 Blend
56$971,000$971,000$971,000$971,000
57$1,075,452$1,023,989$1,008,939$1,127,554
58$1,125,595$1,014,611$983,184$1,154,379
59$1,178,975$1,002,897$954,691$1,177,176
60$1,235,866$988,674$923,309$1,200,733
61$1,296,564$971,759$888,879$1,225,139
62$1,361,394$951,955$851,237$1,250,493
63$1,430,713$929,058$810,210$1,276,907
64$1,504,911$902,848$765,618$1,304,510
65$1,584,419$873,094$717,273$1,333,446
66$1,669,705$839,551$664,977$1,363,877
67$1,761,286$801,960$608,525$1,395,986
68$1,859,729$760,048$547,702$1,429,980
69$1,965,655$713,523$482,283$1,466,091
70$2,079,746$662,081$412,035$1,504,580
71$2,202,754$605,396$336,711$1,545,737
72$2,335,500$543,126$256,056$1,589,892
73$2,478,891$474,908$169,804$1,637,410
74$2,633,920$400,361$77,674$1,688,703
75$2,801,681$319,080$0$1,744,229
76$2,983,375$230,638$0$1,808,026
77$3,180,324$134,584$0$1,891,523
78$3,393,979$30,441$0$1,982,137
79$3,625,940$0$0$2,080,640
80$3,877,962$0$0$2,215,955
81$4,151,979$0$0$2,374,454
82$4,450,117$0$0$2,546,992
83$4,774,717$0$0$2,734,935
84$5,128,352$0$0$2,939,785
85$5,513,857$0$0$3,163,195
86$5,934,349$0$0$3,406,985
87$6,393,261$0$0$3,673,158
88$6,894,370$0$0$3,963,918
89$7,441,836$0$0$4,281,692
90$8,040,237$0$0$4,629,153
91$8,694,614$0$0$5,009,244
92$9,410,517$0$0$5,425,203
93$10,194,057$0$0$5,880,597
94$11,051,964$0$0$6,379,356
95$11,991,648$0$0$6,925,805
96$13,021,270$0$0$7,524,707
97$14,149,817$0$0$8,181,311
98$15,387,187$0$0$8,901,394
99$16,744,284$0$0$9,691,322
100$18,233,114$0$0$10,558,105