Can I retire at age 57 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$81,836$81,107$80,396$79,702$79,024$78,460
2 years$40,513$39,758$39,027$38,318$37,630$37,062
3 years$26,740$25,982$25,253$24,551$23,874$23,319
4 years$19,855$19,100$18,378$17,687$17,027$16,489
5 years$15,725$14,975$14,262$13,586$12,944$12,424
6 years$12,973$12,228$11,526$10,865$10,242$9,742
7 years$11,008$10,269$9,578$8,932$8,330$7,849
8 years$9,535$8,802$8,123$7,493$6,910$6,449
9 years$8,389$7,664$6,996$6,382$5,819$5,378
10 years$7,474$6,755$6,099$5,502$4,958$4,536
11 years$6,725$6,014$5,370$4,788$4,264$3,861
12 years$6,102$5,398$4,766$4,200$3,695$3,311
13 years$5,575$4,878$4,258$3,708$3,222$2,856
14 years$5,123$4,434$3,826$3,291$2,825$2,476
15 years$4,732$4,051$3,454$2,935$2,487$2,156
16 years$4,391$3,716$3,132$2,628$2,198$1,884
17 years$4,089$3,423$2,850$2,362$1,949$1,651
18 years$3,822$3,163$2,601$2,128$1,733$1,451
19 years$3,583$2,931$2,381$1,923$1,545$1,278
20 years$3,368$2,724$2,186$1,742$1,380$1,127
21 years$3,174$2,537$2,010$1,581$1,235$996
22 years$2,998$2,368$1,853$1,437$1,107$882
23 years$2,837$2,215$1,711$1,309$993$782
24 years$2,690$2,075$1,582$1,194$893$694
25 years$2,555$1,948$1,465$1,090$804$616
26 years$2,430$1,830$1,359$997$724$548
27 years$2,315$1,723$1,262$912$653$487
28 years$2,209$1,623$1,173$836$589$434
29 years$2,110$1,531$1,092$767$532$387
30 years$2,017$1,446$1,017$704$480$345
31 years$1,931$1,367$948$646$434$307
32 years$1,850$1,294$885$594$393$274
33 years$1,775$1,225$826$546$356$245
34 years$1,704$1,161$772$502$322$218
35 years$1,637$1,101$721$463$292$195
36 years$1,574$1,045$675$426$264$174
37 years$1,515$993$632$392$239$156
38 years$1,458$943$592$362$217$139
39 years$1,405$897$554$334$197$124
40 years$1,355$854$519$308$179$111
41 years$1,307$812$487$284$162$99
42 years$1,262$774$457$262$147$89
43 years$1,219$737$429$242$133$79
44 years$1,177$703$402$223$121$71
45 years$1,138$670$378$206$110$64
46 years$1,101$639$355$190$100$57
47 years$1,065$610$333$176$91$51
48 years$1,031$582$313$163$82$46
49 years$999$556$295$150$75$41
50 years$968$531$277$139$68$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $991,000, adding $3,986 every year, while hoping to spend $31,164 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: 67/16/17 Blend
56$991,000$991,000$991,000$991,000
57$1,096,194$1,043,671$1,028,310$1,164,866
58$1,174,847$1,061,652$1,029,600$1,229,235
59$1,260,479$1,079,470$1,029,889$1,295,587
60$1,353,767$1,097,084$1,029,110$1,367,373
61$1,455,460$1,114,450$1,027,194$1,445,126
62$1,566,379$1,131,520$1,024,067$1,529,432
63$1,687,430$1,148,245$1,019,653$1,620,937
64$1,819,608$1,164,569$1,013,872$1,720,353
65$1,964,010$1,180,434$1,006,638$1,828,466
66$2,121,843$1,195,780$997,865$1,946,141
67$2,294,437$1,210,539$987,459$2,074,332
68$2,483,254$1,224,640$975,324$2,214,091
69$2,689,907$1,238,008$961,358$2,366,577
70$2,916,168$1,250,562$945,455$2,533,069
71$3,163,994$1,262,215$927,503$2,714,974
72$3,435,534$1,272,877$907,388$2,913,846
73$3,733,159$1,282,448$884,986$3,131,397
74$4,059,478$1,290,825$860,170$3,369,514
75$4,417,367$1,297,898$832,807$3,630,277
76$4,809,990$1,303,547$802,758$3,915,981
77$5,240,836$1,307,647$769,878$4,229,152
78$5,713,745$1,310,066$734,012$4,572,578
79$6,232,949$1,310,661$695,003$4,949,332
80$6,803,108$1,309,281$652,684$5,362,801
81$7,429,357$1,305,768$606,881$5,816,718
82$8,117,351$1,299,951$557,412$6,315,198
83$8,873,323$1,291,650$504,087$6,862,780
84$9,704,136$1,280,675$446,708$7,464,465
85$10,617,352$1,266,822$385,067$8,125,765
86$11,621,303$1,249,878$318,948$8,852,759
87$12,725,168$1,229,614$248,125$9,652,147
88$13,939,060$1,205,790$172,361$10,531,312
89$15,274,120$1,178,150$91,412$11,498,396
90$16,742,625$1,146,424$5,019$12,562,371
91$18,358,099$1,110,325$0$13,733,130
92$20,135,445$1,069,551$0$15,037,388
93$22,091,083$1,023,781$0$16,473,350
94$24,243,102$972,675$0$18,053,405
95$26,611,438$915,876$0$19,792,209
96$29,218,053$853,002$0$21,705,916
97$32,087,149$783,654$0$23,812,327
98$35,245,392$707,406$0$26,131,058
99$38,722,164$623,811$0$28,683,728
100$42,549,842$532,395$0$31,494,163