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%14.5%
1 years$80,597$79,879$79,179$78,495$77,828$76,381
2 years$39,900$39,156$38,436$37,738$37,061$35,609
3 years$26,336$25,589$24,871$24,179$23,513$22,101
4 years$19,555$18,811$18,100$17,420$16,770$15,408
5 years$15,487$14,748$14,046$13,380$12,748$11,441
6 years$12,777$12,043$11,351$10,700$10,087$8,836
7 years$10,841$10,113$9,433$8,797$8,203$7,009
8 years$9,390$8,669$8,000$7,380$6,806$5,667
9 years$8,262$7,548$6,890$6,286$5,731$4,648
10 years$7,361$6,653$6,007$5,418$4,883$3,855
11 years$6,623$5,923$5,289$4,716$4,200$3,225
12 years$6,009$5,316$4,693$4,136$3,639$2,716
13 years$5,490$4,804$4,193$3,652$3,174$2,301
14 years$5,046$4,367$3,768$3,242$2,782$1,958
15 years$4,661$3,989$3,402$2,891$2,450$1,672
16 years$4,324$3,660$3,084$2,589$2,165$1,433
17 years$4,027$3,371$2,806$2,326$1,920$1,232
18 years$3,764$3,115$2,562$2,096$1,707$1,061
19 years$3,529$2,887$2,345$1,894$1,521$915
20 years$3,317$2,682$2,152$1,715$1,359$791
21 years$3,126$2,499$1,980$1,557$1,216$685
22 years$2,952$2,332$1,825$1,415$1,090$593
23 years$2,794$2,181$1,685$1,289$978$515
24 years$2,649$2,044$1,558$1,176$879$447
25 years$2,516$1,918$1,443$1,074$791$388
26 years$2,394$1,803$1,338$982$713$338
27 years$2,280$1,697$1,243$899$643$294
28 years$2,175$1,599$1,155$823$580$256
29 years$2,078$1,508$1,075$755$524$223
30 years$1,987$1,424$1,002$693$473$194
31 years$1,902$1,346$934$636$428$169
32 years$1,822$1,274$871$585$387$147
33 years$1,748$1,206$813$538$350$128
34 years$1,678$1,143$760$495$317$112
35 years$1,612$1,085$711$456$287$98
36 years$1,550$1,029$665$420$260$85
37 years$1,492$978$622$387$236$74
38 years$1,436$929$583$356$214$65
39 years$1,384$884$546$329$194$57
40 years$1,334$841$512$303$176$49
41 years$1,287$800$480$280$160$43
42 years$1,243$762$450$258$145$38
43 years$1,200$726$422$238$131$33
44 years$1,160$692$396$220$119$29
45 years$1,121$660$372$203$108$25
46 years$1,084$630$350$188$98$22
47 years$1,049$601$328$173$89$19
48 years$1,016$574$309$160$81$17
49 years$984$548$290$148$74$15
50 years$953$523$273$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $976,000, adding $5,357 every year, while hoping to spend $20,200 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: 37/41/22 Blend
56$976,000$976,000$976,000$976,000
57$1,081,078$1,029,350$1,014,222$1,113,755
58$1,169,855$1,058,295$1,026,706$1,167,002
59$1,267,011$1,087,982$1,038,931$1,222,208
60$1,373,378$1,118,425$1,050,867$1,281,431
61$1,489,874$1,149,640$1,062,482$1,345,044
62$1,617,510$1,181,641$1,073,744$1,413,459
63$1,757,398$1,214,443$1,084,617$1,487,127
64$1,910,764$1,248,062$1,095,063$1,566,546
65$2,078,958$1,282,514$1,105,044$1,652,265
66$2,263,467$1,317,812$1,114,518$1,744,887
67$2,465,927$1,353,972$1,123,441$1,845,076
68$2,688,144$1,391,009$1,131,769$1,953,564
69$2,932,104$1,428,937$1,139,452$2,071,156
70$3,199,996$1,467,772$1,146,441$2,198,740
71$3,494,230$1,507,527$1,152,681$2,337,292
72$3,817,462$1,548,217$1,158,117$2,487,889
73$4,172,620$1,589,856$1,162,690$2,651,718
74$4,562,925$1,632,457$1,166,338$2,830,083
75$4,991,930$1,676,034$1,168,997$3,024,424
76$5,463,545$1,720,599$1,170,597$3,236,326
77$5,982,083$1,766,164$1,171,068$3,467,536
78$6,552,291$1,812,742$1,170,335$3,719,978
79$7,179,401$1,860,342$1,168,317$3,995,772
80$7,869,178$1,908,977$1,164,934$4,297,254
81$8,627,973$1,958,656$1,160,098$4,626,999
82$9,462,783$2,009,387$1,153,718$4,987,843
83$10,381,319$2,061,179$1,145,700$5,382,912
84$11,392,076$2,114,038$1,135,942$5,815,649
85$12,504,413$2,167,972$1,124,342$6,289,851
86$13,728,644$2,222,984$1,110,789$6,809,700
87$15,076,134$2,279,078$1,095,168$7,379,804
88$16,559,403$2,336,256$1,077,360$8,005,244
89$18,192,249$2,394,520$1,057,239$8,691,616
90$19,989,875$2,453,868$1,034,672$9,445,090
91$21,969,032$2,514,297$1,009,524$10,272,462
92$24,148,179$2,575,804$981,649$11,181,226
93$26,547,656$2,638,381$950,897$12,179,637
94$29,189,875$2,702,019$917,110$13,276,794
95$32,099,533$2,766,708$880,123$14,482,725
96$35,303,842$2,832,434$839,764$15,808,481
97$38,832,792$2,899,181$795,854$17,266,242
98$42,719,424$2,966,929$748,203$18,869,428
99$47,000,153$3,035,655$696,615$20,632,834
100$51,715,101$3,105,335$640,884$22,572,762