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%16%
1 years$81,836$81,107$80,396$79,702$79,024$77,082
2 years$40,513$39,758$39,027$38,318$37,630$35,686
3 years$26,740$25,982$25,253$24,551$23,874$21,988
4 years$19,855$19,100$18,378$17,687$17,027$15,214
5 years$15,725$14,975$14,262$13,586$12,944$11,208
6 years$12,973$12,228$11,526$10,865$10,242$8,586
7 years$11,008$10,269$9,578$8,932$8,330$6,753
8 years$9,535$8,802$8,123$7,493$6,910$5,413
9 years$8,389$7,664$6,996$6,382$5,819$4,400
10 years$7,474$6,755$6,099$5,502$4,958$3,615
11 years$6,725$6,014$5,370$4,788$4,264$2,995
12 years$6,102$5,398$4,766$4,200$3,695$2,499
13 years$5,575$4,878$4,258$3,708$3,222$2,095
14 years$5,123$4,434$3,826$3,291$2,825$1,765
15 years$4,732$4,051$3,454$2,935$2,487$1,492
16 years$4,391$3,716$3,132$2,628$2,198$1,265
17 years$4,089$3,423$2,850$2,362$1,949$1,075
18 years$3,822$3,163$2,601$2,128$1,733$916
19 years$3,583$2,931$2,381$1,923$1,545$782
20 years$3,368$2,724$2,186$1,742$1,380$668
21 years$3,174$2,537$2,010$1,581$1,235$572
22 years$2,998$2,368$1,853$1,437$1,107$490
23 years$2,837$2,215$1,711$1,309$993$420
24 years$2,690$2,075$1,582$1,194$893$360
25 years$2,555$1,948$1,465$1,090$804$309
26 years$2,430$1,830$1,359$997$724$266
27 years$2,315$1,723$1,262$912$653$228
28 years$2,209$1,623$1,173$836$589$196
29 years$2,110$1,531$1,092$767$532$169
30 years$2,017$1,446$1,017$704$480$145
31 years$1,931$1,367$948$646$434$125
32 years$1,850$1,294$885$594$393$108
33 years$1,775$1,225$826$546$356$93
34 years$1,704$1,161$772$502$322$80
35 years$1,637$1,101$721$463$292$69
36 years$1,574$1,045$675$426$264$59
37 years$1,515$993$632$392$239$51
38 years$1,458$943$592$362$217$44
39 years$1,405$897$554$334$197$38
40 years$1,355$854$519$308$179$33
41 years$1,307$812$487$284$162$28
42 years$1,262$774$457$262$147$24
43 years$1,219$737$429$242$133$21
44 years$1,177$703$402$223$121$18
45 years$1,138$670$378$206$110$16
46 years$1,101$639$355$190$100$13
47 years$1,065$610$333$176$91$12
48 years$1,031$582$313$163$82$10
49 years$999$556$295$150$75$9
50 years$968$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $991,000, adding $2,082 every year, while hoping to spend $34,000 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: 39/39/22 Blend
56$991,000$991,000$991,000$991,000
57$1,094,230$1,041,707$1,026,346$1,129,669
58$1,169,665$1,056,574$1,024,553$1,170,304
59$1,251,656$1,071,031$1,021,560$1,210,851
60$1,340,834$1,085,021$1,017,292$1,254,009
61$1,437,896$1,098,484$1,011,668$1,300,033
62$1,543,608$1,111,356$1,004,605$1,349,209
63$1,658,812$1,123,569$996,015$1,401,850
64$1,784,436$1,135,049$985,807$1,458,305
65$1,921,501$1,145,719$973,885$1,518,958
66$2,071,131$1,155,496$960,147$1,584,237
67$2,234,563$1,164,292$944,488$1,654,611
68$2,413,159$1,172,013$926,799$1,730,605
69$2,608,417$1,178,558$906,963$1,812,793
70$2,821,990$1,183,820$884,860$1,901,816
71$3,055,693$1,187,688$860,363$1,998,378
72$3,311,528$1,190,039$833,339$2,103,262
73$3,591,699$1,190,747$803,652$2,217,330
74$3,898,634$1,189,674$771,155$2,341,537
75$4,235,004$1,186,678$735,698$2,476,938
76$4,603,753$1,181,604$697,123$2,624,701
77$5,008,123$1,174,289$655,264$2,786,113
78$5,451,684$1,164,563$609,948$2,962,600
79$5,938,370$1,152,240$560,995$3,155,737
80$6,472,512$1,137,128$508,217$3,367,263
81$7,058,882$1,119,022$451,416$3,599,100
82$7,702,737$1,097,702$390,387$3,853,371
83$8,409,866$1,072,939$324,915$4,132,423
84$9,186,647$1,044,488$254,775$4,438,845
85$10,040,108$1,012,091$179,733$4,775,498
86$10,977,990$975,474$99,544$5,145,542
87$12,008,819$934,347$13,954$5,552,466
88$13,141,993$888,404$0$6,000,121
89$14,387,860$837,320$0$6,510,927
90$15,757,826$780,752$0$7,076,088
91$17,264,453$718,339$0$7,697,577
92$18,921,586$649,696$0$8,381,186
93$20,744,475$574,418$0$9,133,304
94$22,749,925$492,078$0$9,960,976
95$24,956,450$402,223$0$10,871,975
96$27,384,451$304,375$0$11,874,873
97$30,056,405$198,029$0$12,979,122
98$32,997,079$82,653$0$14,195,147
99$36,233,761$0$0$15,534,448
100$39,796,521$0$0$17,027,862