Can I retire at age 57 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$80,597$79,879$79,179$78,495$77,828$75,216
2 years$39,900$39,156$38,436$37,738$37,061$34,455
3 years$26,336$25,589$24,871$24,179$23,513$20,995
4 years$19,555$18,811$18,100$17,420$16,770$14,359
5 years$15,487$14,748$14,046$13,380$12,748$10,452
6 years$12,777$12,043$11,351$10,700$10,087$7,906
7 years$10,841$10,113$9,433$8,797$8,203$6,138
8 years$9,390$8,669$8,000$7,380$6,806$4,854
9 years$8,262$7,548$6,890$6,286$5,731$3,890
10 years$7,361$6,653$6,007$5,418$4,883$3,151
11 years$6,623$5,923$5,289$4,716$4,200$2,572
12 years$6,009$5,316$4,693$4,136$3,639$2,113
13 years$5,490$4,804$4,193$3,652$3,174$1,745
14 years$5,046$4,367$3,768$3,242$2,782$1,447
15 years$4,661$3,989$3,402$2,891$2,450$1,203
16 years$4,324$3,660$3,084$2,589$2,165$1,004
17 years$4,027$3,371$2,806$2,326$1,920$839
18 years$3,764$3,115$2,562$2,096$1,707$703
19 years$3,529$2,887$2,345$1,894$1,521$589
20 years$3,317$2,682$2,152$1,715$1,359$495
21 years$3,126$2,499$1,980$1,557$1,216$416
22 years$2,952$2,332$1,825$1,415$1,090$350
23 years$2,794$2,181$1,685$1,289$978$295
24 years$2,649$2,044$1,558$1,176$879$248
25 years$2,516$1,918$1,443$1,074$791$209
26 years$2,394$1,803$1,338$982$713$176
27 years$2,280$1,697$1,243$899$643$149
28 years$2,175$1,599$1,155$823$580$126
29 years$2,078$1,508$1,075$755$524$106
30 years$1,987$1,424$1,002$693$473$90
31 years$1,902$1,346$934$636$428$76
32 years$1,822$1,274$871$585$387$64
33 years$1,748$1,206$813$538$350$54
34 years$1,678$1,143$760$495$317$46
35 years$1,612$1,085$711$456$287$39
36 years$1,550$1,029$665$420$260$33
37 years$1,492$978$622$387$236$27
38 years$1,436$929$583$356$214$23
39 years$1,384$884$546$329$194$20
40 years$1,334$841$512$303$176$17
41 years$1,287$800$480$280$160$14
42 years$1,243$762$450$258$145$12
43 years$1,200$726$422$238$131$10
44 years$1,160$692$396$220$119$8
45 years$1,121$660$372$203$108$7
46 years$1,084$630$350$188$98$6
47 years$1,049$601$328$173$89$5
48 years$1,016$574$309$160$81$4
49 years$984$548$290$148$74$4
50 years$953$523$273$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $976,000, adding $3,000 every year, while hoping to spend $35,084 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: 43/27/30 Blend
56$976,000$976,000$976,000$976,000
57$1,078,647$1,026,919$1,011,791$1,115,479
58$1,151,339$1,039,908$1,008,356$1,155,254
59$1,230,271$1,052,359$1,003,631$1,194,797
60$1,316,041$1,064,207$997,535$1,236,987
61$1,409,308$1,075,384$989,984$1,282,091
62$1,510,798$1,085,818$980,888$1,330,405
63$1,621,308$1,095,432$970,158$1,382,257
64$1,741,718$1,104,145$957,694$1,438,009
65$1,872,993$1,111,868$943,397$1,498,065
66$2,016,197$1,118,508$927,159$1,562,868
67$2,172,501$1,123,967$908,871$1,632,911
68$2,343,194$1,128,139$888,416$1,708,740
69$2,529,694$1,130,912$865,672$1,790,955
70$2,733,563$1,132,166$840,512$1,880,226
71$2,956,520$1,131,776$812,803$1,977,290
72$3,200,459$1,129,608$782,406$2,082,962
73$3,467,465$1,125,517$749,175$2,198,146
74$3,759,833$1,119,354$712,959$2,323,839
75$4,080,091$1,110,958$673,599$2,461,144
76$4,431,024$1,100,158$630,927$2,611,282
77$4,815,696$1,086,774$584,771$2,775,599
78$5,237,486$1,070,614$534,950$2,955,586
79$5,700,111$1,051,476$481,272$3,152,890
80$6,207,669$1,029,145$423,542$3,369,328
81$6,764,671$1,003,393$361,550$3,606,912
82$7,376,088$973,980$295,083$3,867,860
83$8,047,395$940,650$223,913$4,154,625
84$8,784,621$903,134$147,807$4,469,916
85$9,594,411$861,146$66,517$4,816,724
86$10,484,082$814,384$0$5,198,351
87$11,461,698$762,529$0$5,624,922
88$12,536,141$705,242$0$6,117,130
89$13,717,195$642,166$0$6,658,195
90$15,015,641$572,925$0$7,253,118
91$16,443,356$497,118$0$7,907,414
92$18,013,426$414,324$0$8,627,163
93$19,740,268$324,099$0$9,419,069
94$21,639,766$225,970$0$10,290,527
95$23,729,422$119,442$0$11,249,687
96$26,028,518$3,990$0$12,305,537
97$28,558,300$0$0$13,467,988
98$31,342,180$0$0$14,783,898
99$34,405,949$0$0$16,233,556
100$37,778,029$0$0$17,829,244