Can I retire at age 57 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$81,423$80,698$79,990$79,299$78,625$76,139
2 years$40,308$39,558$38,830$38,125$37,440$34,958
3 years$26,605$25,851$25,126$24,427$23,754$21,353
4 years$19,755$19,004$18,285$17,598$16,941$14,641
5 years$15,646$14,899$14,190$13,517$12,879$10,685
6 years$12,908$12,166$11,468$10,810$10,190$8,105
7 years$10,952$10,217$9,530$8,887$8,288$6,310
8 years$9,487$8,758$8,082$7,455$6,875$5,004
9 years$8,347$7,625$6,961$6,350$5,790$4,024
10 years$7,436$6,721$6,069$5,474$4,933$3,269
11 years$6,691$5,984$5,343$4,764$4,243$2,677
12 years$6,071$5,371$4,742$4,179$3,677$2,207
13 years$5,546$4,853$4,236$3,689$3,206$1,829
14 years$5,097$4,412$3,806$3,275$2,811$1,521
15 years$4,708$4,030$3,437$2,921$2,475$1,270
16 years$4,368$3,698$3,116$2,615$2,187$1,063
17 years$4,069$3,405$2,835$2,350$1,939$892
18 years$3,803$3,147$2,588$2,117$1,724$750
19 years$3,565$2,916$2,369$1,913$1,537$631
20 years$3,351$2,710$2,174$1,733$1,373$532
21 years$3,158$2,524$2,000$1,573$1,228$449
22 years$2,983$2,356$1,843$1,430$1,101$379
23 years$2,823$2,204$1,702$1,302$988$321
24 years$2,676$2,065$1,574$1,188$888$271
25 years$2,542$1,938$1,458$1,085$799$229
26 years$2,418$1,821$1,352$992$720$194
27 years$2,304$1,714$1,256$908$649$165
28 years$2,198$1,615$1,167$832$586$139
29 years$2,099$1,524$1,086$763$529$118
30 years$2,007$1,439$1,012$700$478$100
31 years$1,921$1,360$943$643$432$85
32 years$1,841$1,287$880$591$391$72
33 years$1,766$1,219$822$543$354$61
34 years$1,695$1,155$768$500$320$52
35 years$1,629$1,096$718$460$290$44
36 years$1,566$1,040$672$424$263$37
37 years$1,507$988$629$391$238$32
38 years$1,451$939$589$360$216$27
39 years$1,398$893$551$332$196$23
40 years$1,348$849$517$306$178$19
41 years$1,300$808$485$282$161$16
42 years$1,255$770$455$261$146$14
43 years$1,212$734$427$241$133$12
44 years$1,172$699$400$222$120$10
45 years$1,133$667$376$205$109$9
46 years$1,095$636$353$190$99$7
47 years$1,060$607$332$175$90$6
48 years$1,026$579$312$162$82$5
49 years$994$553$293$150$74$4
50 years$963$529$276$138$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $986,000, adding $2,145 every year, while hoping to spend $53,926 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: 24/47/29 Blend
56$986,000$986,000$986,000$986,000
57$1,088,785$1,036,527$1,021,244$1,104,956
58$1,142,464$1,029,940$998,078$1,112,372
59$1,199,811$1,021,222$972,330$1,115,628
60$1,261,143$1,010,214$943,854$1,117,994
61$1,326,808$996,743$912,502$1,119,432
62$1,397,187$980,628$878,116$1,119,909
63$1,472,699$961,677$840,531$1,119,389
64$1,553,803$939,688$799,577$1,117,844
65$1,641,002$914,444$755,074$1,115,247
66$1,734,850$885,717$706,835$1,111,575
67$1,835,954$853,266$654,663$1,106,812
68$1,944,981$816,837$598,354$1,100,946
69$2,062,664$776,157$537,695$1,093,976
70$2,189,809$730,942$472,461$1,085,904
71$2,327,301$680,889$402,419$1,076,748
72$2,476,111$625,679$327,326$1,066,533
73$2,637,311$564,973$246,927$1,055,301
74$2,812,074$498,414$160,957$1,043,105
75$3,001,695$425,626$69,139$1,030,020
76$3,207,596$346,209$0$1,016,137
77$3,431,339$259,742$0$1,010,500
78$3,674,646$165,780$0$1,027,734
79$3,939,410$63,853$0$1,046,691
80$4,227,713$0$0$1,067,676
81$4,541,847$0$0$1,115,104
82$4,884,335$0$0$1,202,972
83$5,257,952$0$0$1,298,988
84$5,665,753$0$0$1,403,957
85$6,111,102$0$0$1,518,765
86$6,597,700$0$0$1,644,390
87$7,129,625$0$0$1,781,905
88$7,711,363$0$0$1,932,495
89$8,347,856$0$0$2,097,464
90$9,044,544$0$0$2,278,248
91$9,807,419$0$0$2,476,426
92$10,643,077$0$0$2,693,742
93$11,558,783$0$0$2,932,112
94$12,562,541$0$0$3,193,650
95$13,663,162$0$0$3,480,682
96$14,870,352$0$0$3,795,771
97$16,194,803$0$0$4,141,742
98$17,648,289$0$0$4,521,704
99$19,243,782$0$0$4,939,084
100$20,995,569$0$0$5,397,655