Can I retire at age 57 with 990,000?

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 $990,000?

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$81,753$81,025$80,315$79,621$78,944$77,477
2 years$40,472$39,718$38,988$38,279$37,592$36,120
3 years$26,713$25,956$25,228$24,526$23,850$22,418
4 years$19,835$19,081$18,359$17,670$17,010$15,629
5 years$15,710$14,959$14,248$13,572$12,931$11,605
6 years$12,960$12,215$11,514$10,854$10,232$8,963
7 years$10,997$10,259$9,568$8,923$8,321$7,110
8 years$9,525$8,793$8,115$7,486$6,903$5,749
9 years$8,381$7,656$6,989$6,376$5,813$4,715
10 years$7,466$6,749$6,093$5,496$4,953$3,910
11 years$6,718$6,008$5,364$4,783$4,260$3,271
12 years$6,095$5,392$4,761$4,196$3,692$2,755
13 years$5,569$4,873$4,253$3,704$3,219$2,334
14 years$5,118$4,430$3,822$3,288$2,822$1,986
15 years$4,727$4,046$3,451$2,932$2,485$1,696
16 years$4,386$3,713$3,128$2,626$2,196$1,454
17 years$4,085$3,419$2,847$2,359$1,947$1,249
18 years$3,818$3,159$2,599$2,126$1,731$1,076
19 years$3,579$2,928$2,379$1,921$1,543$928
20 years$3,365$2,721$2,183$1,740$1,378$802
21 years$3,171$2,534$2,008$1,579$1,233$695
22 years$2,995$2,366$1,851$1,436$1,106$602
23 years$2,834$2,213$1,709$1,308$992$522
24 years$2,687$2,073$1,581$1,193$892$453
25 years$2,552$1,946$1,464$1,089$803$394
26 years$2,428$1,829$1,358$996$723$342
27 years$2,313$1,721$1,261$912$652$298
28 years$2,206$1,622$1,172$835$588$259
29 years$2,107$1,530$1,091$766$531$226
30 years$2,015$1,445$1,016$703$480$197
31 years$1,929$1,366$947$646$434$171
32 years$1,848$1,292$884$593$392$149
33 years$1,773$1,224$825$546$355$130
34 years$1,702$1,160$771$502$322$114
35 years$1,635$1,100$721$462$291$99
36 years$1,572$1,044$674$426$264$86
37 years$1,513$992$631$392$239$75
38 years$1,457$942$591$361$217$66
39 years$1,404$896$554$333$197$57
40 years$1,353$853$519$307$178$50
41 years$1,306$812$487$284$162$44
42 years$1,260$773$456$262$147$38
43 years$1,217$737$428$242$133$33
44 years$1,176$702$402$223$121$29
45 years$1,137$669$378$206$110$25
46 years$1,100$639$355$190$100$22
47 years$1,064$609$333$176$91$19
48 years$1,030$582$313$162$82$17
49 years$998$556$294$150$75$15
50 years$967$531$277$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $990,000, adding $4,444 every year, while hoping to spend $29,685 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: 52/42/6 Blend
56$990,000$990,000$990,000$990,000
57$1,095,564$1,043,094$1,027,749$1,150,752
58$1,175,727$1,062,621$1,030,594$1,208,204
59$1,263,072$1,082,110$1,032,539$1,267,038
60$1,358,299$1,101,527$1,033,524$1,330,301
61$1,462,181$1,120,838$1,033,482$1,398,415
62$1,575,567$1,140,003$1,032,348$1,471,846
63$1,699,393$1,158,980$1,030,049$1,551,106
64$1,834,686$1,177,726$1,026,511$1,636,762
65$1,982,581$1,196,192$1,021,656$1,729,437
66$2,144,326$1,214,326$1,015,403$1,829,819
67$2,321,293$1,232,074$1,007,665$1,938,664
68$2,514,996$1,249,376$998,352$2,056,808
69$2,727,099$1,266,170$987,371$2,185,173
70$2,959,438$1,282,387$974,622$2,324,772
71$3,214,032$1,297,955$960,003$2,476,726
72$3,493,105$1,312,797$943,406$2,642,269
73$3,799,108$1,326,830$924,716$2,822,761
74$4,134,739$1,339,967$903,816$3,019,702
75$4,502,970$1,352,113$880,582$3,234,748
76$4,907,075$1,363,169$854,883$3,469,721
77$5,350,660$1,373,027$826,585$3,726,633
78$5,837,698$1,381,576$795,546$4,007,702
79$6,372,563$1,388,693$761,617$4,315,373
80$6,960,076$1,394,250$724,643$4,652,342
81$7,605,547$1,398,112$684,462$5,021,581
82$8,314,826$1,400,132$640,904$5,426,369
83$9,094,357$1,400,158$593,793$5,870,319
84$9,951,239$1,398,024$542,943$6,357,417
85$10,893,296$1,393,557$488,162$6,892,057
86$11,929,143$1,386,572$429,247$7,479,082
87$13,068,276$1,376,875$365,987$8,123,835
88$14,321,155$1,364,256$298,162$8,832,205
89$15,699,305$1,348,497$225,542$9,610,684
90$17,215,424$1,329,363$147,888$10,466,432
91$18,883,503$1,306,608$64,948$11,407,343
92$20,718,958$1,279,969$0$12,442,117
93$22,738,772$1,249,169$0$13,581,859
94$24,961,663$1,213,913$0$14,840,171
95$27,408,249$1,173,892$0$16,224,571
96$30,101,253$1,128,775$0$17,747,936
97$33,065,710$1,078,214$0$19,424,456
98$36,329,207$1,021,841$0$21,269,779
99$39,922,140$959,266$0$23,301,151
100$43,878,005$890,076$0$25,537,584