Can I retire at age 57 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,450$77,751$77,070$76,404$75,754$73,953
2 years$38,837$38,113$37,412$36,733$36,073$34,269
3 years$25,634$24,908$24,208$23,535$22,887$21,136
4 years$19,034$18,310$17,617$16,956$16,323$14,639
5 years$15,075$14,355$13,672$13,024$12,408$10,796
6 years$12,436$11,722$11,049$10,415$9,818$8,279
7 years$10,552$9,844$9,182$8,563$7,985$6,519
8 years$9,140$8,438$7,787$7,183$6,624$5,232
9 years$8,042$7,347$6,707$6,118$5,579$4,258
10 years$7,165$6,476$5,847$5,274$4,753$3,503
11 years$6,447$5,765$5,148$4,590$4,088$2,906
12 years$5,849$5,175$4,568$4,026$3,543$2,427
13 years$5,344$4,676$4,082$3,554$3,089$2,038
14 years$4,911$4,251$3,667$3,155$2,708$1,719
15 years$4,536$3,883$3,311$2,814$2,384$1,455
16 years$4,209$3,563$3,002$2,520$2,107$1,236
17 years$3,920$3,281$2,732$2,264$1,868$1,052
18 years$3,664$3,032$2,494$2,040$1,661$897
19 years$3,435$2,810$2,283$1,843$1,481$767
20 years$3,229$2,611$2,095$1,670$1,323$656
21 years$3,043$2,432$1,927$1,515$1,184$563
22 years$2,874$2,270$1,776$1,378$1,061$483
23 years$2,720$2,123$1,640$1,255$952$414
24 years$2,579$1,989$1,517$1,144$856$356
25 years$2,449$1,867$1,405$1,045$770$306
26 years$2,330$1,755$1,303$956$694$264
27 years$2,220$1,651$1,210$875$626$227
28 years$2,117$1,556$1,125$801$564$195
29 years$2,022$1,468$1,047$735$510$168
30 years$1,934$1,386$975$674$461$145
31 years$1,851$1,311$909$619$416$125
32 years$1,774$1,240$848$569$377$108
33 years$1,701$1,174$792$523$341$93
34 years$1,633$1,113$740$482$309$80
35 years$1,569$1,056$692$443$280$69
36 years$1,509$1,002$647$408$253$60
37 years$1,452$952$606$376$230$52
38 years$1,398$904$567$347$208$44
39 years$1,347$860$531$320$189$38
40 years$1,299$818$498$295$171$33
41 years$1,253$779$467$272$155$29
42 years$1,209$742$438$251$141$25
43 years$1,168$707$411$232$128$21
44 years$1,129$674$386$214$116$18
45 years$1,091$642$362$198$105$16
46 years$1,055$613$340$183$96$14
47 years$1,021$585$320$169$87$12
48 years$989$558$300$156$79$10
49 years$957$533$282$144$72$9
50 years$928$509$265$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $950,000, adding $2,635 every year, while hoping to spend $34,259 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: 46/45/9 Blend
56$950,000$950,000$950,000$950,000
57$1,049,618$999,268$984,543$1,095,158
58$1,120,228$1,011,781$981,074$1,139,356
59$1,196,891$1,023,759$976,340$1,183,514
60$1,280,190$1,035,139$970,264$1,230,632
61$1,370,764$1,045,855$962,762$1,280,995
62$1,469,316$1,055,836$953,749$1,334,917
63$1,576,621$1,065,006$943,134$1,392,747
64$1,693,530$1,073,285$930,822$1,454,870
65$1,820,980$1,080,587$916,715$1,521,711
66$1,960,004$1,086,819$900,709$1,593,741
67$2,111,737$1,091,886$882,695$1,671,479
68$2,277,429$1,095,683$862,560$1,755,500
69$2,458,455$1,098,100$840,184$1,846,438
70$2,656,331$1,099,020$815,444$1,944,995
71$2,872,724$1,098,320$788,209$2,051,946
72$3,109,472$1,095,867$758,343$2,168,145
73$3,368,595$1,091,521$725,705$2,294,540
74$3,652,320$1,085,134$690,144$2,432,175
75$3,963,099$1,076,548$651,506$2,582,204
76$4,303,632$1,065,596$609,629$2,745,902
77$4,676,893$1,052,101$564,342$2,924,677
78$5,086,156$1,035,874$515,468$3,120,084
79$5,535,030$1,016,717$462,822$3,333,841
80$6,027,486$994,420$406,209$3,567,844
81$6,567,901$968,758$345,429$3,824,188
82$7,161,095$939,495$280,269$4,105,184
83$7,812,378$906,382$210,509$4,413,387
84$8,527,599$869,153$135,920$4,751,614
85$9,313,201$827,528$56,259$5,122,977
86$10,176,281$781,210$0$5,530,912
87$11,124,659$729,887$0$5,981,971
88$12,166,949$673,226$0$6,483,522
89$13,312,641$610,878$0$7,034,804
90$14,572,191$542,471$0$7,640,940
91$15,957,117$467,615$0$8,307,586
92$17,480,110$385,895$0$9,040,979
93$19,155,153$296,876$0$9,848,000
94$20,997,650$200,094$0$10,736,242
95$23,024,575$95,064$0$11,714,077
96$25,254,629$0$0$12,790,744
97$27,708,418$0$0$13,985,705
98$30,408,644$0$0$15,352,606
99$33,380,323$0$0$16,857,052
100$36,651,019$0$0$18,513,013