Can I retire at age 57 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$79,358$78,652$77,962$77,289$76,631$74,447
2 years$39,286$38,555$37,846$37,158$36,491$34,307
3 years$25,931$25,196$24,489$23,808$23,152$21,037
4 years$19,254$18,522$17,821$17,152$16,512$14,482
5 years$15,249$14,521$13,830$13,174$12,552$10,613
6 years$12,580$11,858$11,177$10,536$9,932$8,086
7 years$10,675$9,958$9,288$8,662$8,077$6,324
8 years$9,246$8,536$7,877$7,266$6,701$5,039
9 years$8,135$7,432$6,784$6,189$5,643$4,072
10 years$7,248$6,551$5,915$5,335$4,808$3,325
11 years$6,522$5,832$5,207$4,643$4,135$2,737
12 years$5,917$5,234$4,621$4,073$3,584$2,268
13 years$5,406$4,730$4,129$3,596$3,125$1,889
14 years$4,968$4,300$3,710$3,192$2,739$1,581
15 years$4,589$3,928$3,349$2,847$2,412$1,327
16 years$4,258$3,604$3,037$2,549$2,132$1,117
17 years$3,966$3,319$2,763$2,290$1,890$943
18 years$3,706$3,067$2,523$2,064$1,681$797
19 years$3,474$2,842$2,309$1,865$1,498$675
20 years$3,266$2,641$2,119$1,689$1,338$573
21 years$3,078$2,460$1,949$1,533$1,197$486
22 years$2,907$2,297$1,797$1,394$1,073$413
23 years$2,751$2,148$1,659$1,269$963$351
24 years$2,609$2,012$1,534$1,158$866$299
25 years$2,478$1,889$1,421$1,057$779$255
26 years$2,357$1,775$1,318$967$702$217
27 years$2,245$1,670$1,224$885$633$185
28 years$2,142$1,574$1,138$811$571$158
29 years$2,046$1,485$1,059$743$516$135
30 years$1,956$1,402$986$682$466$115
31 years$1,873$1,326$919$627$421$98
32 years$1,794$1,254$858$576$381$84
33 years$1,721$1,188$801$530$345$72
34 years$1,652$1,126$748$487$312$61
35 years$1,587$1,068$700$449$283$52
36 years$1,526$1,014$654$413$256$45
37 years$1,469$963$613$381$232$38
38 years$1,414$915$574$351$211$33
39 years$1,363$870$537$323$191$28
40 years$1,314$828$504$298$173$24
41 years$1,268$788$472$275$157$20
42 years$1,223$750$443$254$143$17
43 years$1,182$715$416$235$129$15
44 years$1,142$681$390$217$117$13
45 years$1,104$650$366$200$107$11
46 years$1,068$620$344$185$97$9
47 years$1,033$592$323$171$88$8
48 years$1,000$565$304$158$80$7
49 years$968$539$286$146$72$6
50 years$938$515$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $961,000, adding $2,433 every year, while hoping to spend $49,784 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: 57/34/9 Blend
56$961,000$961,000$961,000$961,000
57$1,061,532$1,010,599$995,703$1,119,651
58$1,116,838$1,007,148$976,089$1,155,653
59$1,176,117$1,001,860$954,150$1,189,092
60$1,239,722$994,592$929,755$1,224,317
61$1,308,039$985,192$902,767$1,261,505
62$1,381,493$973,500$873,043$1,300,852
63$1,460,550$959,347$840,435$1,342,577
64$1,545,722$942,552$804,787$1,386,923
65$1,637,573$922,923$765,934$1,434,160
66$1,736,719$900,260$723,706$1,484,588
67$1,843,840$874,348$677,926$1,538,541
68$1,959,681$844,961$628,406$1,596,390
69$2,085,063$811,858$574,951$1,658,545
70$2,220,886$774,787$517,360$1,725,466
71$2,368,143$733,478$455,418$1,797,657
72$2,527,923$687,648$388,904$1,875,683
73$2,701,425$636,996$317,585$1,960,168
74$2,889,967$581,205$241,221$2,051,804
75$3,095,000$519,940$159,558$2,151,360
76$3,318,119$452,847$72,332$2,259,687
77$3,561,080$379,549$0$2,377,729
78$3,825,815$299,652$0$2,508,525
79$4,114,451$212,738$0$2,658,782
80$4,429,328$118,365$0$2,822,861
81$4,773,020$16,066$0$3,002,212
82$5,148,365$0$0$3,198,441
83$5,558,482$0$0$3,448,735
84$6,006,807$0$0$3,728,999
85$6,497,125$0$0$4,035,597
86$7,033,601$0$0$4,371,146
87$7,620,821$0$0$4,738,523
88$8,263,836$0$0$5,140,901
89$8,968,207$0$0$5,581,772
90$9,740,060$0$0$6,064,981
91$10,586,141$0$0$6,594,765
92$11,513,879$0$0$7,175,787
93$12,531,457$0$0$7,813,187
94$13,647,887$0$0$8,512,625
95$14,873,097$0$0$9,280,333
96$16,218,022$0$0$10,123,180
97$17,694,707$0$0$11,048,728
98$19,316,421$0$0$12,065,312
99$21,097,781$0$0$13,182,110
100$23,054,888$0$0$14,409,235