Can I retire at age 57 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$79,193$78,488$77,800$77,128$76,472$75,051
2 years$39,205$38,474$37,767$37,081$36,415$34,989
3 years$25,877$25,143$24,438$23,758$23,103$21,716
4 years$19,214$18,483$17,784$17,116$16,477$15,140
5 years$15,218$14,491$13,801$13,147$12,526$11,242
6 years$12,554$11,833$11,154$10,514$9,911$8,682
7 years$10,652$9,937$9,269$8,644$8,061$6,887
8 years$9,227$8,518$7,861$7,251$6,687$5,569
9 years$8,119$7,417$6,770$6,176$5,631$4,567
10 years$7,232$6,537$5,903$5,324$4,798$3,788
11 years$6,508$5,820$5,196$4,634$4,127$3,168
12 years$5,905$5,224$4,612$4,064$3,576$2,669
13 years$5,395$4,721$4,120$3,588$3,118$2,261
14 years$4,958$4,291$3,702$3,185$2,734$1,924
15 years$4,579$3,920$3,342$2,841$2,407$1,643
16 years$4,249$3,596$3,030$2,543$2,127$1,408
17 years$3,957$3,312$2,758$2,285$1,886$1,210
18 years$3,698$3,061$2,517$2,059$1,677$1,042
19 years$3,467$2,836$2,304$1,861$1,495$899
20 years$3,259$2,636$2,115$1,685$1,335$777
21 years$3,071$2,455$1,945$1,530$1,195$673
22 years$2,901$2,292$1,793$1,391$1,071$583
23 years$2,745$2,143$1,655$1,267$961$506
24 years$2,603$2,008$1,531$1,155$864$439
25 years$2,472$1,885$1,418$1,055$778$382
26 years$2,352$1,771$1,315$965$700$332
27 years$2,241$1,667$1,221$883$631$289
28 years$2,137$1,571$1,135$809$570$251
29 years$2,041$1,482$1,056$742$515$219
30 years$1,952$1,399$984$681$465$191
31 years$1,869$1,323$917$625$420$166
32 years$1,791$1,252$856$575$380$145
33 years$1,717$1,185$799$528$344$126
34 years$1,649$1,124$747$486$312$110
35 years$1,584$1,066$698$448$282$96
36 years$1,523$1,011$653$412$256$84
37 years$1,466$961$611$380$232$73
38 years$1,411$913$572$350$210$64
39 years$1,360$868$536$323$190$56
40 years$1,311$826$503$298$173$49
41 years$1,265$786$471$275$157$42
42 years$1,221$749$442$254$142$37
43 years$1,179$713$415$234$129$32
44 years$1,139$680$389$216$117$28
45 years$1,102$649$366$200$106$25
46 years$1,065$619$343$184$97$22
47 years$1,031$590$323$170$88$19
48 years$998$564$303$157$80$16
49 years$966$538$285$145$72$14
50 years$936$514$268$134$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $959,000, adding $4,676 every year, while hoping to spend $46,021 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: 46/28/26 Blend
56$959,000$959,000$959,000$959,000
57$1,061,641$1,010,814$995,950$1,102,351
58$1,120,963$1,011,378$980,348$1,132,126
59$1,184,793$1,010,427$962,681$1,159,563
60$1,253,542$1,007,839$942,832$1,188,429
61$1,327,663$1,003,482$920,676$1,218,883
62$1,407,651$997,220$896,085$1,251,101
63$1,494,052$988,904$868,925$1,285,280
64$1,587,464$978,379$839,053$1,321,639
65$1,688,547$965,481$806,323$1,360,426
66$1,798,024$950,035$770,579$1,401,913
67$1,916,690$931,855$731,662$1,446,407
68$2,045,422$910,745$689,402$1,494,249
69$2,185,181$886,497$643,623$1,545,818
70$2,337,026$858,892$594,140$1,601,537
71$2,502,121$827,696$540,763$1,661,876
72$2,681,747$792,663$483,288$1,727,359
73$2,877,314$753,533$421,507$1,798,566
74$3,090,373$710,029$355,201$1,876,145
75$3,322,631$661,860$284,140$1,960,814
76$3,575,966$608,717$208,084$2,053,370
77$3,852,445$550,275$126,786$2,154,698
78$4,154,344$486,189$39,983$2,265,782
79$4,484,170$416,094$0$2,387,711
80$4,844,678$339,606$0$2,536,300
81$5,238,908$256,319$0$2,711,072
82$5,670,201$165,803$0$2,902,489
83$6,142,239$67,605$0$3,112,284
84$6,659,075$0$0$3,342,371
85$7,225,175$0$0$3,606,805
86$7,845,453$0$0$3,919,479
87$8,525,323$0$0$4,262,307
88$9,270,749$0$0$4,638,309
89$10,088,297$0$0$5,050,812
90$10,985,202$0$0$5,503,481
91$11,969,429$0$0$6,000,354
92$13,049,755$0$0$6,545,877
93$14,235,847$0$0$7,144,947
94$15,538,353$0$0$7,802,962
95$16,969,004$0$0$8,525,864
96$18,540,722$0$0$9,320,204
97$20,267,743$0$0$10,193,194
98$22,165,750$0$0$11,152,782
99$24,252,021$0$0$12,207,725
100$26,545,591$0$0$13,367,669