Can I retire at age 57 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$81,423$80,698$79,990$79,299$78,625$75,896
2 years$40,308$39,558$38,830$38,125$37,440$34,719
3 years$26,605$25,851$25,126$24,427$23,754$21,126
4 years$19,755$19,004$18,285$17,598$16,941$14,427
5 years$15,646$14,899$14,190$13,517$12,879$10,484
6 years$12,908$12,166$11,468$10,810$10,190$7,917
7 years$10,952$10,217$9,530$8,887$8,288$6,136
8 years$9,487$8,758$8,082$7,455$6,875$4,844
9 years$8,347$7,625$6,961$6,350$5,790$3,875
10 years$7,436$6,721$6,069$5,474$4,933$3,133
11 years$6,691$5,984$5,343$4,764$4,243$2,553
12 years$6,071$5,371$4,742$4,179$3,677$2,093
13 years$5,546$4,853$4,236$3,689$3,206$1,725
14 years$5,097$4,412$3,806$3,275$2,811$1,427
15 years$4,708$4,030$3,437$2,921$2,475$1,184
16 years$4,368$3,698$3,116$2,615$2,187$986
17 years$4,069$3,405$2,835$2,350$1,939$822
18 years$3,803$3,147$2,588$2,117$1,724$687
19 years$3,565$2,916$2,369$1,913$1,537$575
20 years$3,351$2,710$2,174$1,733$1,373$482
21 years$3,158$2,524$2,000$1,573$1,228$404
22 years$2,983$2,356$1,843$1,430$1,101$339
23 years$2,823$2,204$1,702$1,302$988$285
24 years$2,676$2,065$1,574$1,188$888$239
25 years$2,542$1,938$1,458$1,085$799$201
26 years$2,418$1,821$1,352$992$720$169
27 years$2,304$1,714$1,256$908$649$142
28 years$2,198$1,615$1,167$832$586$120
29 years$2,099$1,524$1,086$763$529$101
30 years$2,007$1,439$1,012$700$478$85
31 years$1,921$1,360$943$643$432$72
32 years$1,841$1,287$880$591$391$60
33 years$1,766$1,219$822$543$354$51
34 years$1,695$1,155$768$500$320$43
35 years$1,629$1,096$718$460$290$36
36 years$1,566$1,040$672$424$263$30
37 years$1,507$988$629$391$238$26
38 years$1,451$939$589$360$216$22
39 years$1,398$893$551$332$196$18
40 years$1,348$849$517$306$178$15
41 years$1,300$808$485$282$161$13
42 years$1,255$770$455$261$146$11
43 years$1,212$734$427$241$133$9
44 years$1,172$699$400$222$120$8
45 years$1,133$667$376$205$109$7
46 years$1,095$636$353$190$99$6
47 years$1,060$607$332$175$90$5
48 years$1,026$579$312$162$82$4
49 years$994$553$293$150$74$3
50 years$963$529$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $986,000, adding $2,342 every year, while hoping to spend $51,230 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: 72/22/6 Blend
56$986,000$986,000$986,000$986,000
57$1,088,988$1,036,730$1,021,447$1,166,435
58$1,145,556$1,033,021$1,001,157$1,214,113
59$1,206,178$1,027,414$978,470$1,259,659
60$1,271,211$1,019,761$953,253$1,308,082
61$1,341,052$1,009,906$925,363$1,359,650
62$1,416,131$997,683$894,655$1,414,659
63$1,496,925$982,918$860,975$1,473,436
64$1,583,955$965,425$824,161$1,536,341
65$1,677,793$945,006$784,045$1,603,775
66$1,779,070$921,453$740,453$1,676,178
67$1,888,477$894,546$693,199$1,754,035
68$2,006,773$864,050$642,093$1,837,885
69$2,134,794$829,718$586,933$1,928,320
70$2,273,458$791,290$527,511$2,025,997
71$2,423,774$748,487$463,606$2,131,638
72$2,586,854$701,017$394,991$2,246,043
73$2,763,916$648,570$321,427$2,370,095
74$2,956,305$590,820$242,665$2,504,768
75$3,165,498$527,420$158,443$2,651,139
76$3,393,119$458,004$68,491$2,810,396
77$3,640,957$382,185$0$2,983,851
78$3,910,979$299,557$0$3,174,714
79$4,205,351$209,687$0$3,387,617
80$4,526,455$112,120$0$3,619,957
81$4,876,915$6,375$0$3,873,705
82$5,259,618$0$0$4,151,033
83$5,677,742$0$0$4,480,500
84$6,134,786$0$0$4,842,367
85$6,634,603$0$0$5,238,147
86$7,181,435$0$0$5,671,206
87$7,779,952$0$0$6,145,249
88$8,435,297$0$0$6,664,354
89$9,153,134$0$0$7,233,015
90$9,939,699$0$0$7,856,179
91$10,801,862$0$0$8,539,297
92$11,747,187$0$0$9,288,369
93$12,784,006$0$0$10,110,005
94$13,921,498$0$0$11,011,486
95$15,169,769$0$0$12,000,831
96$16,539,955$0$0$13,086,874
97$18,044,320$0$0$14,279,345
98$19,696,375$0$0$15,588,962
99$21,511,003$0$0$17,027,535
100$23,504,599$0$0$18,608,069