Can I retire at age 57 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$79,689$78,979$78,286$77,610$76,950$74,368
2 years$39,450$38,715$38,003$37,313$36,643$34,067
3 years$26,039$25,301$24,591$23,907$23,248$20,759
4 years$19,334$18,599$17,896$17,223$16,581$14,198
5 years$15,313$14,582$13,888$13,229$12,604$10,334
6 years$12,633$11,907$11,223$10,580$9,973$7,817
7 years$10,719$9,999$9,327$8,698$8,111$6,069
8 years$9,285$8,571$7,910$7,297$6,729$4,799
9 years$8,169$7,463$6,813$6,215$5,667$3,847
10 years$7,278$6,578$5,939$5,357$4,828$3,115
11 years$6,549$5,856$5,229$4,663$4,152$2,543
12 years$5,942$5,256$4,641$4,090$3,598$2,090
13 years$5,428$4,750$4,146$3,611$3,138$1,725
14 years$4,989$4,318$3,725$3,205$2,751$1,430
15 years$4,608$3,944$3,363$2,858$2,422$1,190
16 years$4,275$3,619$3,049$2,559$2,141$992
17 years$3,982$3,333$2,775$2,300$1,898$829
18 years$3,722$3,080$2,533$2,072$1,688$695
19 years$3,489$2,854$2,319$1,873$1,504$583
20 years$3,280$2,652$2,128$1,696$1,344$489
21 years$3,091$2,470$1,958$1,539$1,202$411
22 years$2,919$2,306$1,804$1,399$1,078$346
23 years$2,763$2,157$1,666$1,275$967$291
24 years$2,619$2,021$1,541$1,162$870$245
25 years$2,488$1,896$1,427$1,062$782$207
26 years$2,367$1,782$1,323$971$705$174
27 years$2,255$1,677$1,229$888$635$147
28 years$2,151$1,581$1,142$814$573$124
29 years$2,054$1,491$1,063$746$518$105
30 years$1,964$1,408$990$685$468$89
31 years$1,880$1,331$923$629$423$75
32 years$1,802$1,260$861$578$383$63
33 years$1,728$1,193$804$532$346$53
34 years$1,659$1,131$751$489$313$45
35 years$1,594$1,072$703$450$284$38
36 years$1,533$1,018$657$415$257$32
37 years$1,475$967$615$382$233$27
38 years$1,420$919$576$352$211$23
39 years$1,368$874$540$325$192$19
40 years$1,319$831$506$300$174$16
41 years$1,273$791$474$276$158$14
42 years$1,229$753$445$255$143$12
43 years$1,187$718$418$235$130$10
44 years$1,147$684$392$217$118$8
45 years$1,108$653$368$201$107$7
46 years$1,072$623$346$185$97$6
47 years$1,037$594$325$171$88$5
48 years$1,004$567$305$158$80$4
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $965,000, adding $5,970 every year, while hoping to spend $47,012 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: 75/16/9 Blend
56$965,000$965,000$965,000$965,000
57$1,069,588$1,018,443$1,003,486$1,147,751
58$1,128,666$1,018,326$987,082$1,199,941
59$1,192,193$1,016,628$968,553$1,250,576
60$1,260,576$1,013,222$947,778$1,304,732
61$1,334,257$1,007,972$924,631$1,362,741
62$1,413,724$1,000,735$898,979$1,424,971
63$1,499,513$991,361$870,684$1,491,827
64$1,592,213$979,687$839,601$1,563,753
65$1,692,470$965,542$805,579$1,641,243
66$1,800,995$948,748$768,460$1,724,839
67$1,918,571$929,111$728,078$1,815,139
68$2,046,056$906,428$684,259$1,912,805
69$2,184,397$880,486$636,825$2,018,565
70$2,334,632$851,056$585,585$2,133,223
71$2,497,905$817,899$530,343$2,257,664
72$2,675,474$780,758$470,891$2,392,867
73$2,868,722$739,365$407,016$2,539,910
74$3,079,173$693,435$338,492$2,699,984
75$3,308,501$642,667$265,085$2,874,401
76$3,558,552$586,741$186,549$3,064,610
77$3,831,354$525,321$102,628$3,272,207
78$4,129,142$458,051$13,056$3,498,954
79$4,454,374$384,555$0$3,746,796
80$4,809,758$304,436$0$4,025,801
81$5,198,273$217,274$0$4,332,262
82$5,623,202$122,625$0$4,667,562
83$6,088,156$20,022$0$5,034,607
84$6,597,115$0$0$5,436,603
85$7,154,458$0$0$5,893,110
86$7,765,010$0$0$6,397,099
87$8,434,084$0$0$6,949,437
88$9,167,530$0$0$7,554,958
89$9,971,792$0$0$8,218,988
90$10,853,968$0$0$8,947,391
91$11,821,875$0$0$9,746,629
92$12,884,124$0$0$10,623,817
93$14,050,200$0$0$11,586,794
94$15,330,549$0$0$12,644,193
95$16,736,683$0$0$13,805,528
96$18,281,278$0$0$15,081,274
97$19,978,301$0$0$16,482,976
98$21,843,139$0$0$18,023,348
99$23,892,743$0$0$19,716,401
100$26,145,787$0$0$21,577,567