Can I retire at age 57 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$78,780$78,079$77,394$76,726$76,073$75,626
2 years$39,000$38,274$37,570$36,887$36,225$35,774
3 years$25,742$25,012$24,310$23,634$22,983$22,541
4 years$19,114$18,387$17,692$17,027$16,392$15,963
5 years$15,138$14,415$13,729$13,078$12,461$12,047
6 years$12,489$11,771$11,095$10,459$9,860$9,461
7 years$10,597$9,886$9,220$8,599$8,019$7,636
8 years$9,179$8,474$7,820$7,213$6,652$6,285
9 years$8,076$7,378$6,735$6,144$5,602$5,250
10 years$7,195$6,503$5,872$5,296$4,773$4,436
11 years$6,474$5,789$5,169$4,609$4,105$3,783
12 years$5,874$5,196$4,588$4,043$3,557$3,250
13 years$5,366$4,696$4,099$3,569$3,102$2,809
14 years$4,932$4,268$3,683$3,169$2,719$2,440
15 years$4,556$3,899$3,325$2,826$2,394$2,129
16 years$4,227$3,578$3,015$2,530$2,116$1,864
17 years$3,937$3,295$2,743$2,273$1,876$1,637
18 years$3,679$3,045$2,504$2,049$1,668$1,441
19 years$3,449$2,822$2,292$1,851$1,487$1,272
20 years$3,242$2,622$2,104$1,677$1,328$1,125
21 years$3,055$2,442$1,935$1,522$1,189$997
22 years$2,886$2,280$1,784$1,384$1,065$884
23 years$2,731$2,132$1,647$1,260$956$785
24 years$2,590$1,998$1,523$1,149$860$698
25 years$2,460$1,875$1,411$1,050$774$622
26 years$2,340$1,762$1,308$960$697$554
27 years$2,229$1,658$1,215$878$628$494
28 years$2,126$1,563$1,129$805$567$441
29 years$2,031$1,474$1,051$738$512$394
30 years$1,942$1,392$979$677$462$352
31 years$1,859$1,316$913$622$418$315
32 years$1,781$1,245$852$572$378$281
33 years$1,708$1,179$795$526$342$252
34 years$1,640$1,118$743$484$310$225
35 years$1,576$1,060$695$445$281$202
36 years$1,515$1,006$650$410$254$181
37 years$1,458$956$608$378$230$162
38 years$1,404$908$569$348$209$145
39 years$1,353$864$534$321$189$130
40 years$1,304$822$500$296$172$116
41 years$1,258$782$469$273$156$104
42 years$1,215$745$440$252$141$94
43 years$1,173$710$413$233$128$84
44 years$1,133$677$387$215$117$75
45 years$1,096$645$364$199$106$67
46 years$1,060$615$342$183$96$61
47 years$1,026$587$321$169$87$54
48 years$993$561$302$157$79$49
49 years$961$535$284$145$72$44
50 years$931$511$267$134$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $954,000, adding $3,448 every year, while hoping to spend $55,267 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: 53/40/7 Blend
56$954,000$954,000$954,000$954,000
57$1,054,865$1,004,303$989,516$1,108,826
58$1,103,657$994,710$963,861$1,136,182
59$1,155,574$982,795$935,494$1,159,594
60$1,210,876$968,385$904,266$1,183,733
61$1,269,848$951,298$870,022$1,208,679
62$1,332,802$931,341$832,597$1,234,521
63$1,400,081$908,310$791,822$1,261,361
64$1,472,058$881,987$747,518$1,289,315
65$1,549,147$852,142$699,498$1,318,512
66$1,631,797$818,534$647,568$1,349,100
67$1,720,503$780,906$591,525$1,381,247
68$1,815,809$738,984$531,155$1,415,140
69$1,918,310$692,483$466,237$1,450,990
70$2,028,660$641,098$396,539$1,489,036
71$2,147,579$584,507$321,819$1,529,545
72$2,275,856$522,371$241,823$1,572,818
73$2,414,357$454,332$156,288$1,619,190
74$2,564,036$380,008$64,938$1,669,041
75$2,725,940$299,001$0$1,722,793
76$2,901,219$210,886$0$1,783,350
77$3,091,140$115,216$0$1,854,144
78$3,297,094$11,519$0$1,930,934
79$3,520,611$0$0$2,014,405
80$3,763,373$0$0$2,149,646
81$4,027,233$0$0$2,302,231
82$4,314,227$0$0$2,468,280
83$4,626,594$0$0$2,649,100
84$4,966,801$0$0$2,846,128
85$5,337,560$0$0$3,060,948
86$5,741,858$0$0$3,295,302
87$6,182,979$0$0$3,551,108
88$6,664,542$0$0$3,830,475
89$7,190,527$0$0$4,135,729
90$7,765,319$0$0$4,469,426
91$8,393,741$0$0$4,834,384
92$9,081,108$0$0$5,233,704
93$9,833,270$0$0$5,670,800
94$10,656,667$0$0$6,149,432
95$11,558,394$0$0$6,673,741
96$12,546,262$0$0$7,248,288
97$13,628,872$0$0$7,878,094
98$14,815,700$0$0$8,568,690
99$16,117,180$0$0$9,326,169
100$17,544,805$0$0$10,157,239