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%11.9%
1 years$79,689$78,979$78,286$77,610$76,950$76,338
2 years$39,450$38,715$38,003$37,313$36,643$36,025
3 years$26,039$25,301$24,591$23,907$23,248$22,644
4 years$19,334$18,599$17,896$17,223$16,581$15,996
5 years$15,313$14,582$13,888$13,229$12,604$12,040
6 years$12,633$11,907$11,223$10,580$9,973$9,431
7 years$10,719$9,999$9,327$8,698$8,111$7,590
8 years$9,285$8,571$7,910$7,297$6,729$6,229
9 years$8,169$7,463$6,813$6,215$5,667$5,188
10 years$7,278$6,578$5,939$5,357$4,828$4,371
11 years$6,549$5,856$5,229$4,663$4,152$3,716
12 years$5,942$5,256$4,641$4,090$3,598$3,182
13 years$5,428$4,750$4,146$3,611$3,138$2,742
14 years$4,989$4,318$3,725$3,205$2,751$2,374
15 years$4,608$3,944$3,363$2,858$2,422$2,064
16 years$4,275$3,619$3,049$2,559$2,141$1,801
17 years$3,982$3,333$2,775$2,300$1,898$1,576
18 years$3,722$3,080$2,533$2,072$1,688$1,383
19 years$3,489$2,854$2,319$1,873$1,504$1,216
20 years$3,280$2,652$2,128$1,696$1,344$1,072
21 years$3,091$2,470$1,958$1,539$1,202$946
22 years$2,919$2,306$1,804$1,399$1,078$836
23 years$2,763$2,157$1,666$1,275$967$740
24 years$2,619$2,021$1,541$1,162$870$656
25 years$2,488$1,896$1,427$1,062$782$581
26 years$2,367$1,782$1,323$971$705$516
27 years$2,255$1,677$1,229$888$635$458
28 years$2,151$1,581$1,142$814$573$407
29 years$2,054$1,491$1,063$746$518$362
30 years$1,964$1,408$990$685$468$323
31 years$1,880$1,331$923$629$423$287
32 years$1,802$1,260$861$578$383$256
33 years$1,728$1,193$804$532$346$228
34 years$1,659$1,131$751$489$313$203
35 years$1,594$1,072$703$450$284$181
36 years$1,533$1,018$657$415$257$161
37 years$1,475$967$615$382$233$144
38 years$1,420$919$576$352$211$128
39 years$1,368$874$540$325$192$115
40 years$1,319$831$506$300$174$102
41 years$1,273$791$474$276$158$91
42 years$1,229$753$445$255$143$82
43 years$1,187$718$418$235$130$73
44 years$1,147$684$392$217$118$65
45 years$1,108$653$368$201$107$58
46 years$1,072$623$346$185$97$52
47 years$1,037$594$325$171$88$46
48 years$1,004$567$305$158$80$41
49 years$973$542$287$146$73$37
50 years$942$517$270$135$66$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $965,000, adding $2,658 every year, while hoping to spend $41,625 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: 52/42/6 Blend
56$965,000$965,000$965,000$965,000
57$1,066,172$1,015,027$1,000,069$1,119,966
58$1,130,633$1,020,474$989,283$1,162,193
59$1,200,273$1,024,794$976,740$1,203,331
60$1,275,578$1,027,886$962,338$1,247,062
61$1,357,080$1,029,645$945,969$1,293,638
62$1,445,364$1,029,959$927,521$1,343,339
63$1,541,074$1,028,710$906,875$1,396,472
64$1,644,916$1,025,770$883,909$1,453,382
65$1,757,671$1,021,005$858,492$1,514,447
66$1,880,192$1,014,274$830,491$1,580,086
67$2,013,424$1,005,425$799,764$1,650,764
68$2,158,400$994,298$766,164$1,726,995
69$2,316,262$980,723$729,535$1,809,348
70$2,488,263$964,521$689,717$1,898,452
71$2,675,784$945,501$646,541$1,995,005
72$2,880,345$923,462$599,831$2,099,778
73$3,103,617$898,188$549,402$2,213,622
74$3,347,441$869,455$495,062$2,337,483
75$3,613,844$837,022$436,611$2,472,402
76$3,905,057$800,637$373,838$2,619,533
77$4,223,535$760,030$306,524$2,780,154
78$4,571,982$714,919$234,440$2,955,674
79$4,953,378$665,003$157,347$3,147,652
80$5,371,000$609,966$74,995$3,357,814
81$5,828,459$549,472$0$3,588,064
82$6,329,732$483,166$0$3,841,333
83$6,879,199$410,675$0$4,124,301
84$7,481,681$331,602$0$4,434,751
85$8,142,493$245,530$0$4,775,543
86$8,867,483$152,018$0$5,149,836
87$9,663,099$50,599$0$5,561,118
88$10,536,437$0$0$6,013,239
89$11,495,319$0$0$6,537,821
90$12,548,358$0$0$7,139,696
91$13,705,043$0$0$7,800,916
92$14,975,828$0$0$8,527,469
93$16,372,228$0$0$9,325,953
94$17,906,931$0$0$10,203,635
95$19,593,912$0$0$11,168,523
96$21,448,570$0$0$12,229,440
97$23,487,870$0$0$13,396,105
98$25,730,502$0$0$14,679,226
99$28,197,059$0$0$16,090,603
100$30,910,230$0$0$17,643,233