Can I retire at age 57 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$82,166$81,434$80,720$80,023$79,343$76,467
2 years$40,676$39,919$39,185$38,473$37,782$34,916
3 years$26,848$26,087$25,355$24,650$23,971$21,205
4 years$19,935$19,177$18,452$17,759$17,096$14,452
5 years$15,789$15,035$14,319$13,640$12,996$10,480
6 years$13,025$12,277$11,572$10,908$10,283$7,897
7 years$11,052$10,310$9,617$8,968$8,363$6,106
8 years$9,573$8,838$8,156$7,523$6,938$4,809
9 years$8,423$7,695$7,024$6,408$5,843$3,838
10 years$7,504$6,783$6,124$5,524$4,978$3,095
11 years$6,752$6,038$5,392$4,808$4,282$2,515
12 years$6,126$5,420$4,785$4,217$3,710$2,057
13 years$5,597$4,898$4,275$3,723$3,235$1,690
14 years$5,144$4,452$3,841$3,305$2,836$1,394
15 years$4,751$4,067$3,468$2,947$2,497$1,154
16 years$4,408$3,731$3,144$2,639$2,207$958
17 years$4,106$3,436$2,861$2,371$1,957$796
18 years$3,837$3,175$2,612$2,137$1,740$663
19 years$3,597$2,943$2,391$1,931$1,551$553
20 years$3,382$2,735$2,194$1,749$1,385$462
21 years$3,187$2,547$2,018$1,587$1,240$386
22 years$3,010$2,378$1,860$1,443$1,111$323
23 years$2,849$2,224$1,718$1,314$997$271
24 years$2,701$2,084$1,588$1,199$897$227
25 years$2,565$1,955$1,471$1,095$807$190
26 years$2,440$1,838$1,365$1,001$727$159
27 years$2,325$1,730$1,267$916$655$134
28 years$2,218$1,630$1,178$839$591$112
29 years$2,118$1,537$1,096$770$534$94
30 years$2,025$1,452$1,021$706$482$79
31 years$1,939$1,373$952$649$436$66
32 years$1,858$1,299$888$596$394$56
33 years$1,782$1,230$829$548$357$47
34 years$1,711$1,166$775$504$323$39
35 years$1,644$1,106$724$464$293$33
36 years$1,580$1,049$678$428$265$28
37 years$1,521$997$634$394$240$23
38 years$1,464$947$594$363$218$20
39 years$1,411$901$556$335$198$16
40 years$1,360$857$522$309$179$14
41 years$1,312$816$489$285$163$12
42 years$1,267$777$459$263$148$10
43 years$1,223$740$430$243$134$8
44 years$1,182$706$404$224$122$7
45 years$1,143$673$379$207$110$6
46 years$1,105$642$356$191$100$5
47 years$1,070$613$335$177$91$4
48 years$1,035$585$315$163$83$3
49 years$1,003$558$296$151$75$3
50 years$971$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $995,000, adding $6,590 every year, while hoping to spend $32,369 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: 48/34/18 Blend
56$995,000$995,000$995,000$995,000
57$1,103,288$1,050,553$1,035,130$1,150,363
58$1,181,383$1,067,589$1,035,367$1,200,747
59$1,266,358$1,084,376$1,034,526$1,251,605
60$1,358,883$1,100,866$1,032,538$1,306,138
61$1,459,690$1,117,010$1,029,330$1,364,705
62$1,569,589$1,132,754$1,024,823$1,427,699
63$1,689,470$1,148,042$1,018,937$1,495,557
64$1,820,312$1,162,812$1,011,588$1,568,758
65$1,963,192$1,176,998$1,002,685$1,647,834
66$2,119,299$1,190,532$992,136$1,733,369
67$2,289,938$1,203,339$979,843$1,826,011
68$2,476,549$1,215,339$965,704$1,926,473
69$2,680,714$1,226,448$949,613$2,035,543
70$2,904,178$1,236,575$931,456$2,154,090
71$3,148,861$1,245,625$911,117$2,283,074
72$3,416,879$1,253,494$888,473$2,423,555
73$3,710,559$1,260,074$863,396$2,576,702
74$4,032,468$1,265,249$835,751$2,743,806
75$4,385,429$1,268,896$805,398$2,926,290
76$4,772,554$1,270,883$772,190$3,125,726
77$5,197,270$1,271,072$735,974$3,343,850
78$5,663,351$1,269,314$696,589$3,582,575
79$6,174,956$1,265,453$653,867$3,844,013
80$6,736,663$1,259,322$607,634$4,130,495
81$7,353,518$1,250,744$557,705$4,444,593
82$8,031,078$1,239,532$503,889$4,789,144
83$8,775,466$1,225,487$445,988$5,167,278
84$9,593,426$1,208,398$383,790$5,582,449
85$10,492,387$1,188,042$317,079$6,038,468
86$11,480,537$1,164,182$245,627$6,539,536
87$12,566,892$1,136,567$169,197$7,090,293
88$13,761,389$1,104,933$87,538$7,695,851
89$15,074,973$1,068,998$394$8,361,854
90$16,519,706$1,028,464$0$9,094,524
91$18,108,875$983,018$0$9,918,511
92$19,857,120$932,325$0$10,824,838
93$21,780,572$876,035$0$11,821,834
94$23,897,004$813,774$0$12,918,768
95$26,225,998$745,149$0$14,125,859
96$28,789,132$669,744$0$15,454,369
97$31,610,181$587,118$0$16,916,718
98$34,715,340$496,807$0$18,526,597
99$38,133,474$398,320$0$20,299,098
100$41,896,388$291,138$0$22,250,859