Can I retire at age 57 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$78,615$77,915$77,232$76,565$75,914$73,899
2 years$38,918$38,194$37,491$36,810$36,149$34,133
3 years$25,688$24,960$24,259$23,585$22,935$20,981
4 years$19,074$18,348$17,655$16,991$16,357$14,480
5 years$15,107$14,385$13,701$13,051$12,434$10,640
6 years$12,463$11,747$11,072$10,437$9,839$8,128
7 years$10,575$9,865$9,201$8,581$8,002$6,375
8 years$9,159$8,456$7,803$7,198$6,638$5,095
9 years$8,059$7,362$6,721$6,131$5,590$4,129
10 years$7,180$6,490$5,859$5,285$4,763$3,382
11 years$6,460$5,777$5,159$4,600$4,097$2,793
12 years$5,862$5,185$4,578$4,035$3,550$2,322
13 years$5,355$4,686$4,090$3,562$3,096$1,941
14 years$4,921$4,260$3,675$3,162$2,714$1,629
15 years$4,546$3,891$3,318$2,820$2,389$1,373
16 years$4,218$3,570$3,008$2,525$2,112$1,160
17 years$3,928$3,288$2,737$2,269$1,872$982
18 years$3,671$3,038$2,499$2,044$1,665$834
19 years$3,442$2,816$2,288$1,847$1,484$709
20 years$3,236$2,617$2,100$1,673$1,325$603
21 years$3,049$2,437$1,931$1,518$1,186$514
22 years$2,880$2,275$1,780$1,381$1,063$439
23 years$2,725$2,128$1,643$1,257$954$375
24 years$2,584$1,994$1,520$1,147$858$320
25 years$2,454$1,871$1,408$1,047$772$274
26 years$2,335$1,758$1,306$958$695$234
27 years$2,224$1,655$1,212$877$627$201
28 years$2,122$1,559$1,127$803$566$172
29 years$2,027$1,471$1,049$736$511$147
30 years$1,938$1,389$977$676$461$126
31 years$1,855$1,313$911$621$417$108
32 years$1,778$1,243$850$570$377$93
33 years$1,705$1,177$793$525$342$79
34 years$1,637$1,115$741$483$309$68
35 years$1,572$1,058$693$444$280$58
36 years$1,512$1,004$648$409$254$50
37 years$1,455$954$607$377$230$43
38 years$1,401$906$568$348$209$37
39 years$1,350$862$532$320$189$32
40 years$1,302$820$499$296$172$27
41 years$1,256$781$468$273$156$23
42 years$1,212$743$439$252$141$20
43 years$1,171$708$412$232$128$17
44 years$1,131$675$387$214$116$15
45 years$1,094$644$363$198$106$13
46 years$1,058$614$341$183$96$11
47 years$1,023$586$320$169$87$9
48 years$991$559$301$156$79$8
49 years$959$534$283$144$72$7
50 years$929$510$266$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $952,000, adding $6,196 every year, while hoping to spend $42,091 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: 84/9/7 Blend
56$952,000$952,000$952,000$952,000
57$1,055,495$1,005,039$990,283$1,142,988
58$1,118,371$1,009,502$978,673$1,205,503
59$1,186,250$1,012,772$965,264$1,267,806
60$1,259,597$1,014,747$949,949$1,334,915
61$1,338,925$1,015,319$932,621$1,407,286
62$1,424,795$1,014,370$913,165$1,485,420
63$1,517,828$1,011,777$891,459$1,569,871
64$1,618,702$1,007,410$867,379$1,661,247
65$1,728,166$1,001,130$840,793$1,760,216
66$1,847,043$992,790$811,563$1,867,518
67$1,976,238$982,232$779,547$1,983,965
68$2,116,745$969,293$744,593$2,110,452
69$2,269,661$953,796$706,544$2,247,965
70$2,436,189$935,555$665,236$2,397,590
71$2,617,657$914,373$620,498$2,560,524
72$2,815,523$890,043$572,150$2,738,085
73$3,031,394$862,342$520,005$2,931,726
74$3,267,037$831,038$463,866$3,143,047
75$3,524,399$795,883$403,529$3,373,812
76$3,805,622$756,615$338,781$3,625,963
77$4,113,063$712,958$269,399$3,901,643
78$4,449,321$664,618$195,149$4,203,210
79$4,817,254$611,287$115,789$4,533,264
80$5,220,011$552,636$31,065$4,894,671
81$5,661,057$488,321$0$5,290,589
82$6,144,212$417,975$0$5,728,929
83$6,673,679$341,213$0$6,211,858
84$7,254,088$257,626$0$6,741,301
85$7,890,539$166,784$0$7,321,938
86$8,588,649$68,231$0$7,958,926
87$9,354,604$0$0$8,657,945
88$10,195,219$0$0$9,429,071
89$11,118,000$0$0$10,283,005
90$12,131,214$0$0$11,220,643
91$13,243,971$0$0$12,250,417
92$14,466,303$0$0$13,381,614
93$15,809,264$0$0$14,624,465
94$17,285,030$0$0$15,990,241
95$18,907,015$0$0$17,491,360
96$20,689,999$0$0$19,141,502
97$22,650,262$0$0$20,955,738
98$24,805,744$0$0$22,950,673
99$27,176,207$0$0$25,144,601
100$29,783,427$0$0$27,557,678