Can I retire at age 57 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$81,671$80,943$80,233$79,541$78,864$77,590
2 years$40,431$39,678$38,948$38,241$37,554$36,274
3 years$26,686$25,930$25,202$24,501$23,826$22,579
4 years$19,815$19,061$18,341$17,652$16,993$15,790
5 years$15,694$14,944$14,233$13,558$12,918$11,761
6 years$12,947$12,203$11,502$10,843$10,221$9,113
7 years$10,986$10,248$9,559$8,914$8,313$7,253
8 years$9,515$8,785$8,106$7,478$6,896$5,885
9 years$8,373$7,649$6,982$6,370$5,808$4,844
10 years$7,459$6,742$6,087$5,491$4,948$4,032
11 years$6,712$6,002$5,359$4,779$4,256$3,386
12 years$6,089$5,387$4,756$4,191$3,688$2,863
13 years$5,563$4,868$4,249$3,700$3,216$2,434
14 years$5,113$4,425$3,818$3,285$2,819$2,080
15 years$4,723$4,042$3,447$2,929$2,482$1,784
16 years$4,382$3,709$3,125$2,623$2,194$1,535
17 years$4,081$3,416$2,844$2,357$1,945$1,325
18 years$3,814$3,156$2,596$2,124$1,730$1,146
19 years$3,576$2,925$2,377$1,919$1,542$993
20 years$3,361$2,718$2,181$1,738$1,377$862
21 years$3,168$2,532$2,006$1,577$1,232$750
22 years$2,992$2,363$1,849$1,434$1,104$653
23 years$2,831$2,210$1,707$1,306$991$569
24 years$2,685$2,071$1,579$1,191$891$496
25 years$2,550$1,944$1,462$1,088$802$433
26 years$2,426$1,827$1,356$995$722$379
27 years$2,311$1,719$1,259$911$651$331
28 years$2,204$1,620$1,171$834$588$290
29 years$2,105$1,528$1,090$765$531$253
30 years$2,013$1,443$1,015$702$479$222
31 years$1,927$1,364$946$645$433$194
32 years$1,847$1,291$883$593$392$170
33 years$1,771$1,223$824$545$355$149
34 years$1,700$1,159$770$501$321$131
35 years$1,634$1,099$720$462$291$115
36 years$1,571$1,043$674$425$264$100
37 years$1,511$991$630$392$239$88
38 years$1,455$942$590$361$217$77
39 years$1,402$895$553$333$196$68
40 years$1,352$852$518$307$178$59
41 years$1,304$811$486$283$162$52
42 years$1,259$772$456$261$147$46
43 years$1,216$736$428$241$133$40
44 years$1,175$701$402$223$121$35
45 years$1,136$669$377$206$110$31
46 years$1,099$638$354$190$100$27
47 years$1,063$609$333$176$90$24
48 years$1,029$581$313$162$82$21
49 years$997$555$294$150$75$18
50 years$966$530$276$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $989,000, adding $6,679 every year, while hoping to spend $32,283 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: 35/48/17 Blend
56$989,000$989,000$989,000$989,000
57$1,096,767$1,044,350$1,029,021$1,129,221
58$1,174,289$1,061,175$1,029,144$1,170,291
59$1,258,635$1,077,741$1,028,190$1,211,068
60$1,350,469$1,094,004$1,026,087$1,254,380
61$1,450,519$1,109,912$1,022,763$1,300,470
62$1,559,586$1,125,412$1,018,140$1,349,606
63$1,678,554$1,140,447$1,012,137$1,402,087
64$1,808,392$1,154,954$1,004,670$1,458,241
65$1,950,171$1,168,870$995,649$1,518,431
66$2,105,066$1,182,123$984,981$1,583,061
67$2,274,375$1,194,639$972,570$1,652,574
68$2,459,522$1,206,337$958,312$1,727,464
69$2,662,080$1,217,134$942,102$1,808,274
70$2,883,776$1,226,937$923,826$1,895,606
71$3,126,515$1,235,651$903,368$1,990,126
72$3,392,395$1,243,173$880,606$2,092,569
73$3,683,723$1,249,393$855,411$2,203,748
74$4,003,045$1,254,195$827,649$2,324,563
75$4,353,160$1,257,455$797,180$2,456,006
76$4,737,154$1,259,042$763,857$2,599,175
77$5,158,424$1,258,815$727,526$2,755,285
78$5,620,713$1,256,627$688,028$2,925,675
79$6,128,144$1,252,320$645,195$3,111,828
80$6,685,257$1,245,726$598,852$3,315,379
81$7,297,056$1,236,669$548,816$3,538,137
82$7,969,049$1,224,960$494,895$3,782,099
83$8,707,309$1,210,400$436,891$4,049,470
84$9,518,521$1,192,776$374,594$4,342,689
85$10,410,054$1,171,866$307,786$4,664,444
86$11,390,024$1,147,431$236,241$5,017,707
87$12,467,372$1,119,221$159,720$5,405,758
88$13,651,949$1,086,968$77,977$5,832,221
89$14,954,610$1,050,392$0$6,301,094
90$16,387,313$1,009,194$0$6,818,470
91$17,963,232$963,058$0$7,402,748
92$19,696,885$911,650$0$8,045,200
93$21,604,263$854,617$0$8,751,815
94$23,702,991$791,587$0$9,529,202
95$26,012,485$722,163$0$10,384,651
96$28,554,138$645,928$0$11,326,203
97$31,351,523$562,443$0$12,362,729
98$34,430,616$471,239$0$13,504,010
99$37,820,034$371,826$0$14,760,838
100$41,551,315$263,682$0$16,145,113