Can I retire at age 57 with 976,000?

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 $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%11.6%
1 years$80,597$79,879$79,179$78,495$77,828$77,305
2 years$39,900$39,156$38,436$37,738$37,061$36,533
3 years$26,336$25,589$24,871$24,179$23,513$22,997
4 years$19,555$18,811$18,100$17,420$16,770$16,270
5 years$15,487$14,748$14,046$13,380$12,748$12,266
6 years$12,777$12,043$11,351$10,700$10,087$9,623
7 years$10,841$10,113$9,433$8,797$8,203$7,757
8 years$9,390$8,669$8,000$7,380$6,806$6,377
9 years$8,262$7,548$6,890$6,286$5,731$5,321
10 years$7,361$6,653$6,007$5,418$4,883$4,491
11 years$6,623$5,923$5,289$4,716$4,200$3,825
12 years$6,009$5,316$4,693$4,136$3,639$3,282
13 years$5,490$4,804$4,193$3,652$3,174$2,833
14 years$5,046$4,367$3,768$3,242$2,782$2,458
15 years$4,661$3,989$3,402$2,891$2,450$2,141
16 years$4,324$3,660$3,084$2,589$2,165$1,872
17 years$4,027$3,371$2,806$2,326$1,920$1,642
18 years$3,764$3,115$2,562$2,096$1,707$1,444
19 years$3,529$2,887$2,345$1,894$1,521$1,273
20 years$3,317$2,682$2,152$1,715$1,359$1,124
21 years$3,126$2,499$1,980$1,557$1,216$994
22 years$2,952$2,332$1,825$1,415$1,090$880
23 years$2,794$2,181$1,685$1,289$978$781
24 years$2,649$2,044$1,558$1,176$879$694
25 years$2,516$1,918$1,443$1,074$791$617
26 years$2,394$1,803$1,338$982$713$549
27 years$2,280$1,697$1,243$899$643$488
28 years$2,175$1,599$1,155$823$580$435
29 years$2,078$1,508$1,075$755$524$388
30 years$1,987$1,424$1,002$693$473$346
31 years$1,902$1,346$934$636$428$309
32 years$1,822$1,274$871$585$387$276
33 years$1,748$1,206$813$538$350$246
34 years$1,678$1,143$760$495$317$220
35 years$1,612$1,085$711$456$287$197
36 years$1,550$1,029$665$420$260$176
37 years$1,492$978$622$387$236$157
38 years$1,436$929$583$356$214$141
39 years$1,384$884$546$329$194$126
40 years$1,334$841$512$303$176$113
41 years$1,287$800$480$280$160$101
42 years$1,243$762$450$258$145$90
43 years$1,200$726$422$238$131$81
44 years$1,160$692$396$220$119$72
45 years$1,121$660$372$203$108$65
46 years$1,084$630$350$188$98$58
47 years$1,049$601$328$173$89$52
48 years$1,016$574$309$160$81$46
49 years$984$548$290$148$74$42
50 years$953$523$273$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $976,000, adding $6,925 every year, while hoping to spend $26,069 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: 37/38/25 Blend
56$976,000$976,000$976,000$976,000
57$1,082,695$1,030,967$1,015,839$1,114,427
58$1,165,393$1,053,747$1,022,133$1,161,111
59$1,255,652$1,076,770$1,027,763$1,208,602
60$1,354,216$1,100,020$1,032,681$1,259,387
61$1,461,905$1,123,479$1,036,834$1,313,781
62$1,579,618$1,147,128$1,040,167$1,372,128
63$1,708,349$1,170,948$1,042,623$1,434,810
64$1,849,191$1,194,914$1,044,141$1,502,248
65$2,003,346$1,219,002$1,044,657$1,574,907
66$2,172,139$1,243,185$1,044,105$1,653,298
67$2,357,029$1,267,434$1,042,414$1,737,987
68$2,559,623$1,291,715$1,039,512$1,829,597
69$2,781,690$1,315,995$1,035,321$1,928,815
70$3,025,179$1,340,235$1,029,761$2,036,401
71$3,292,237$1,364,396$1,022,748$2,153,192
72$3,585,226$1,388,432$1,014,191$2,280,111
73$3,906,752$1,412,298$1,003,999$2,418,177
74$4,259,682$1,435,942$992,074$2,568,515
75$4,647,176$1,459,310$978,315$2,732,364
76$5,072,714$1,482,342$962,615$2,911,093
77$5,540,130$1,504,976$944,861$3,106,211
78$6,053,647$1,527,143$924,938$3,319,384
79$6,617,918$1,548,773$902,723$3,552,447
80$7,238,070$1,569,786$878,088$3,807,427
81$7,919,748$1,590,101$850,899$4,086,559
82$8,669,174$1,609,628$821,016$4,392,308
83$9,493,202$1,628,272$788,292$4,727,394
84$10,399,384$1,645,933$752,576$5,094,815
85$11,396,040$1,662,502$713,706$5,497,880
86$12,492,336$1,677,865$671,515$5,940,237
87$13,698,372$1,691,898$625,828$6,425,911
88$15,025,276$1,704,471$576,464$6,959,339
89$16,485,309$1,715,445$523,230$7,545,416
90$18,091,980$1,724,671$465,928$8,189,541
91$19,860,175$1,731,993$404,349$8,897,665
92$21,806,294$1,737,241$338,275$9,676,353
93$23,948,409$1,740,239$267,481$10,532,845
94$26,306,432$1,740,797$191,727$11,475,123
95$28,902,306$1,738,713$110,768$12,511,988
96$31,760,206$1,733,775$24,343$13,653,149
97$34,906,773$1,725,756$0$14,909,305
98$38,371,361$1,714,415$0$16,310,368
99$42,186,316$1,699,497$0$17,859,346
100$46,387,280$1,680,733$0$19,564,164