Can I retire at age 57 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$78,863$78,161$77,475$76,806$76,153$75,015
2 years$39,041$38,314$37,609$36,926$36,263$35,119
3 years$25,769$25,039$24,336$23,659$23,007$21,893
4 years$19,134$18,406$17,710$17,045$16,409$15,333
5 years$15,154$14,431$13,744$13,092$12,474$11,439
6 years$12,502$11,784$11,107$10,470$9,870$8,878
7 years$10,608$9,896$9,230$8,608$8,027$7,078
8 years$9,188$8,483$7,828$7,221$6,659$5,753
9 years$8,085$7,386$6,742$6,151$5,608$4,744
10 years$7,202$6,510$5,878$5,302$4,778$3,956
11 years$6,481$5,796$5,175$4,614$4,109$3,328
12 years$5,880$5,202$4,592$4,047$3,561$2,819
13 years$5,372$4,701$4,103$3,573$3,105$2,402
14 years$4,937$4,273$3,687$3,172$2,722$2,057
15 years$4,560$3,903$3,329$2,829$2,397$1,768
16 years$4,231$3,581$3,018$2,533$2,118$1,524
17 years$3,941$3,298$2,746$2,276$1,878$1,318
18 years$3,683$3,048$2,507$2,051$1,670$1,143
19 years$3,453$2,825$2,295$1,853$1,489$993
20 years$3,246$2,625$2,106$1,678$1,330$864
21 years$3,059$2,445$1,937$1,523$1,190$753
22 years$2,889$2,282$1,785$1,385$1,067$657
23 years$2,734$2,134$1,649$1,261$957$574
24 years$2,592$2,000$1,525$1,150$861$502
25 years$2,462$1,877$1,412$1,051$774$439
26 years$2,342$1,764$1,310$961$697$385
27 years$2,231$1,660$1,216$879$629$337
28 years$2,128$1,564$1,131$806$567$295
29 years$2,033$1,476$1,052$739$512$259
30 years$1,944$1,394$980$678$463$227
31 years$1,861$1,317$914$623$419$200
32 years$1,783$1,247$852$572$379$175
33 years$1,710$1,181$796$526$343$154
34 years$1,642$1,119$744$484$310$135
35 years$1,577$1,061$695$446$281$119
36 years$1,517$1,007$650$411$255$105
37 years$1,460$957$609$378$231$92
38 years$1,405$909$570$349$209$81
39 years$1,354$865$534$321$190$71
40 years$1,306$823$501$296$172$63
41 years$1,260$783$469$274$156$55
42 years$1,216$746$440$252$142$48
43 years$1,174$710$413$233$129$43
44 years$1,135$677$388$215$117$37
45 years$1,097$646$364$199$106$33
46 years$1,061$616$342$184$96$29
47 years$1,027$588$321$170$87$26
48 years$994$561$302$157$79$22
49 years$962$536$284$145$72$20
50 years$932$512$267$134$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $955,000, adding $6,160 every year, while hoping to spend $57,639 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: 51/19/30 Blend
56$955,000$955,000$955,000$955,000
57$1,058,764$1,008,149$993,347$1,103,514
58$1,105,431$996,221$965,296$1,123,498
59$1,154,925$981,776$934,374$1,138,987
60$1,207,476$964,632$900,424$1,154,720
61$1,263,331$944,591$863,281$1,170,748
62$1,322,763$921,449$822,773$1,187,130
63$1,386,070$894,985$778,722$1,203,933
64$1,453,579$864,969$730,938$1,221,238
65$1,525,647$831,155$679,227$1,239,135
66$1,602,665$793,284$623,384$1,257,730
67$1,685,064$751,082$563,194$1,277,143
68$1,773,313$704,258$498,434$1,297,512
69$1,867,930$652,505$428,870$1,318,993
70$1,969,480$595,499$354,259$1,341,765
71$2,078,585$532,897$274,345$1,366,030
72$2,195,929$464,336$188,863$1,392,017
73$2,322,259$389,434$97,535$1,419,985
74$2,458,398$307,786$72$1,450,226
75$2,605,251$218,963$0$1,483,069
76$2,763,809$122,515$0$1,552,155
77$2,935,165$17,966$0$1,626,817
78$3,120,517$0$0$1,707,604
79$3,321,182$0$0$1,815,052
80$3,538,610$0$0$1,935,628
81$3,774,393$0$0$2,066,469
82$4,030,284$0$0$2,208,558
83$4,308,209$0$0$2,362,977
84$4,610,288$0$0$2,530,914
85$4,938,853$0$0$2,713,679
86$5,296,467$0$0$2,912,711
87$5,685,955$0$0$3,129,594
88$6,110,422$0$0$3,366,073
89$6,573,286$0$0$3,624,067
90$7,078,310$0$0$3,905,688
91$7,629,635$0$0$4,213,260
92$8,231,819$0$0$4,549,345
93$8,889,880$0$0$4,916,760
94$9,609,344$0$0$5,318,608
95$10,396,293$0$0$5,758,305
96$11,257,424$0$0$6,239,613
97$12,200,114$0$0$6,766,673
98$13,232,482$0$0$7,344,049
99$14,363,473$0$0$7,976,763
100$15,602,935$0$0$8,670,348