Can I retire at age 57 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$80,515$79,797$79,098$78,415$77,748$75,899
2 years$39,859$39,116$38,397$37,699$37,023$35,171
3 years$26,309$25,563$24,845$24,154$23,489$21,692
4 years$19,535$18,791$18,081$17,402$16,752$15,024
5 years$15,472$14,733$14,032$13,366$12,735$11,080
6 years$12,764$12,030$11,340$10,689$10,077$8,497
7 years$10,830$10,103$9,423$8,788$8,195$6,691
8 years$9,381$8,660$7,992$7,372$6,799$5,369
9 years$8,254$7,540$6,883$6,279$5,725$4,370
10 years$7,353$6,646$6,001$5,413$4,878$3,595
11 years$6,617$5,917$5,283$4,711$4,196$2,982
12 years$6,003$5,311$4,689$4,132$3,636$2,491
13 years$5,485$4,799$4,189$3,648$3,170$2,092
14 years$5,040$4,362$3,764$3,238$2,779$1,764
15 years$4,656$3,985$3,398$2,888$2,447$1,494
16 years$4,320$3,656$3,081$2,586$2,163$1,268
17 years$4,023$3,367$2,804$2,323$1,918$1,080
18 years$3,760$3,112$2,559$2,094$1,705$921
19 years$3,525$2,884$2,343$1,892$1,520$787
20 years$3,314$2,680$2,150$1,714$1,357$674
21 years$3,123$2,496$1,978$1,555$1,215$577
22 years$2,949$2,330$1,823$1,414$1,089$495
23 years$2,791$2,179$1,683$1,288$977$425
24 years$2,647$2,042$1,557$1,174$879$366
25 years$2,514$1,916$1,442$1,073$791$314
26 years$2,391$1,801$1,337$981$712$270
27 years$2,278$1,695$1,242$898$642$233
28 years$2,173$1,597$1,154$822$579$201
29 years$2,076$1,507$1,074$754$523$173
30 years$1,985$1,423$1,000$692$473$149
31 years$1,900$1,345$933$636$427$128
32 years$1,820$1,273$870$584$387$111
33 years$1,746$1,205$813$537$350$95
34 years$1,676$1,142$759$494$317$82
35 years$1,610$1,083$710$455$287$71
36 years$1,549$1,028$664$419$260$61
37 years$1,490$977$622$386$236$53
38 years$1,435$928$582$356$214$46
39 years$1,383$883$545$328$194$39
40 years$1,333$840$511$303$176$34
41 years$1,286$799$479$279$159$29
42 years$1,241$761$450$258$145$25
43 years$1,199$725$422$238$131$22
44 years$1,158$691$396$220$119$19
45 years$1,120$659$372$203$108$16
46 years$1,083$629$349$187$98$14
47 years$1,048$600$328$173$89$12
48 years$1,015$573$308$160$81$11
49 years$983$547$290$148$74$9
50 years$952$523$272$137$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $975,000, adding $6,195 every year, while hoping to spend $22,862 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: 42/31/27 Blend
56$975,000$975,000$975,000$975,000
57$1,080,840$1,029,165$1,014,053$1,117,468
58$1,166,761$1,055,269$1,023,698$1,170,476
59$1,260,679$1,081,886$1,032,901$1,225,220
60$1,363,387$1,109,017$1,041,622$1,284,067
61$1,475,755$1,136,662$1,049,819$1,347,407
62$1,598,745$1,164,821$1,057,450$1,415,674
63$1,733,411$1,193,492$1,064,470$1,489,344
64$1,880,919$1,222,673$1,070,829$1,568,940
65$2,042,550$1,252,361$1,076,479$1,655,042
66$2,219,715$1,282,551$1,081,366$1,748,287
67$2,413,969$1,313,239$1,085,435$1,849,376
68$2,627,024$1,344,418$1,088,627$1,959,084
69$2,860,766$1,376,080$1,090,881$2,078,264
70$3,117,271$1,408,215$1,092,133$2,207,857
71$3,398,829$1,440,813$1,092,315$2,348,899
72$3,707,958$1,473,862$1,091,357$2,502,533
73$4,047,436$1,507,347$1,089,183$2,670,019
74$4,420,320$1,541,253$1,085,717$2,852,745
75$4,829,981$1,575,562$1,080,876$3,052,243
76$5,280,128$1,610,254$1,074,574$3,270,199
77$5,774,851$1,645,307$1,066,723$3,508,474
78$6,318,655$1,680,696$1,057,227$3,769,119
79$6,916,502$1,716,394$1,045,988$4,054,395
80$7,573,859$1,752,371$1,032,903$4,366,793
81$8,296,751$1,788,596$1,017,864$4,709,061
82$9,091,815$1,825,032$1,000,757$5,084,229
83$9,966,362$1,861,640$981,464$5,495,633
84$10,928,448$1,898,379$959,861$5,946,956
85$11,986,952$1,935,201$935,819$6,442,254
86$13,151,653$1,972,058$909,200$6,986,000
87$14,433,327$2,008,894$879,864$7,583,126
88$15,843,848$2,045,652$847,662$8,239,065
89$17,396,300$2,082,268$812,437$8,959,810
90$19,105,098$2,118,675$774,029$9,751,966
91$20,986,126$2,154,798$732,267$10,622,813
92$23,056,886$2,190,559$686,974$11,580,377
93$25,336,665$2,225,872$637,964$12,633,505
94$27,846,712$2,260,647$585,043$13,791,949
95$30,610,444$2,294,786$528,009$15,066,458
96$33,653,663$2,328,184$466,651$16,468,882
97$37,004,800$2,360,729$400,747$18,012,283
98$40,695,185$2,392,299$330,067$19,711,056
99$44,759,339$2,422,768$254,370$21,581,072
100$49,235,305$2,451,996$173,404$23,639,823