Can I retire at age 57 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$78,533$77,833$77,151$76,485$75,834$75,105
2 years$38,878$38,154$37,452$36,771$36,111$35,377
3 years$25,661$24,934$24,234$23,560$22,911$22,193
4 years$19,054$18,329$17,636$16,974$16,340$15,646
5 years$15,091$14,370$13,686$13,037$12,421$11,752
6 years$12,449$11,734$11,061$10,426$9,829$9,185
7 years$10,564$9,854$9,191$8,572$7,993$7,376
8 years$9,150$8,447$7,795$7,191$6,631$6,040
9 years$8,051$7,355$6,714$6,125$5,584$5,019
10 years$7,172$6,483$5,853$5,280$4,758$4,218
11 years$6,454$5,771$5,153$4,595$4,092$3,577
12 years$5,855$5,180$4,573$4,030$3,546$3,056
13 years$5,350$4,681$4,086$3,558$3,092$2,626
14 years$4,916$4,255$3,671$3,159$2,711$2,268
15 years$4,541$3,887$3,315$2,817$2,387$1,966
16 years$4,213$3,566$3,005$2,522$2,109$1,711
17 years$3,924$3,284$2,735$2,266$1,870$1,493
18 years$3,668$3,035$2,496$2,042$1,663$1,307
19 years$3,438$2,813$2,285$1,845$1,482$1,146
20 years$3,232$2,614$2,097$1,671$1,324$1,007
21 years$3,046$2,435$1,929$1,517$1,185$886
22 years$2,877$2,273$1,778$1,379$1,062$781
23 years$2,723$2,126$1,642$1,256$953$689
24 years$2,581$1,992$1,518$1,146$857$608
25 years$2,452$1,869$1,406$1,046$771$538
26 years$2,332$1,756$1,304$957$695$476
27 years$2,222$1,653$1,211$876$626$421
28 years$2,120$1,558$1,126$802$565$373
29 years$2,024$1,469$1,048$736$510$331
30 years$1,936$1,388$976$675$461$294
31 years$1,853$1,312$910$620$417$261
32 years$1,776$1,241$849$570$377$231
33 years$1,703$1,176$793$524$341$205
34 years$1,635$1,114$741$482$309$182
35 years$1,571$1,057$692$444$280$162
36 years$1,510$1,003$648$409$254$144
37 years$1,453$953$606$377$230$128
38 years$1,399$905$568$347$208$114
39 years$1,348$861$532$320$189$101
40 years$1,300$819$499$295$171$90
41 years$1,254$780$467$272$155$80
42 years$1,211$743$438$251$141$71
43 years$1,169$707$411$232$128$63
44 years$1,130$674$386$214$116$56
45 years$1,092$643$363$198$105$50
46 years$1,057$613$341$183$96$45
47 years$1,022$585$320$169$87$40
48 years$990$559$301$156$79$35
49 years$958$534$283$144$72$32
50 years$929$510$266$133$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $951,000, adding $6,506 every year, while hoping to spend $54,399 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: 63/25/12 Blend
56$951,000$951,000$951,000$951,000
57$1,054,713$1,004,310$989,569$1,117,811
58$1,104,414$995,641$964,840$1,152,178
59$1,157,360$984,724$937,459$1,182,824
60$1,213,827$971,392$907,280$1,214,939
61$1,274,114$955,466$874,150$1,248,665
62$1,338,548$936,759$837,909$1,284,160
63$1,407,491$915,071$798,390$1,321,602
64$1,481,337$890,192$755,418$1,361,187
65$1,560,520$861,897$708,810$1,403,137
66$1,645,513$829,950$658,376$1,447,694
67$1,736,840$794,102$603,915$1,495,131
68$1,835,071$754,087$545,220$1,545,750
69$1,940,836$709,624$482,073$1,599,887
70$2,054,824$660,419$414,245$1,657,915
71$2,177,794$606,157$341,500$1,720,249
72$2,310,578$546,508$263,590$1,787,350
73$2,454,092$481,122$180,254$1,859,729
74$2,609,341$409,628$91,224$1,937,955
75$2,777,430$331,637$0$2,022,658
76$2,959,576$246,735$0$2,115,022
77$3,157,114$154,486$0$2,227,834
78$3,371,514$54,431$0$2,350,301
79$3,604,393$0$0$2,483,418
80$3,857,529$0$0$2,643,117
81$4,132,877$0$0$2,833,178
82$4,432,591$0$0$3,040,119
83$4,759,037$0$0$3,265,584
84$5,114,821$0$0$3,511,380
85$5,502,812$0$0$3,779,499
86$5,926,166$0$0$4,072,129
87$6,388,357$0$0$4,391,681
88$6,893,210$0$0$4,740,810
89$7,444,935$0$0$5,122,437
90$8,048,168$0$0$5,539,779
91$8,708,011$0$0$5,996,378
92$9,430,085$0$0$6,496,134
93$10,220,576$0$0$7,043,340
94$11,086,300$0$0$7,642,727
95$12,034,758$0$0$8,299,502
96$13,074,216$0$0$9,019,399
97$14,213,774$0$0$9,808,737
98$15,463,455$0$0$10,674,472
99$16,834,300$0$0$11,624,268
100$18,338,468$0$0$12,666,564