Can I retire at age 57 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$82,001$81,271$80,558$79,862$79,183$77,113
2 years$40,595$39,839$39,106$38,395$37,706$35,634
3 years$26,794$26,035$25,304$24,600$23,922$21,914
4 years$19,895$19,138$18,415$17,723$17,062$15,132
5 years$15,757$15,005$14,291$13,613$12,970$11,125
6 years$12,999$12,253$11,549$10,886$10,263$8,503
7 years$11,030$10,290$9,597$8,950$8,346$6,673
8 years$9,554$8,820$8,139$7,508$6,924$5,336
9 years$8,406$7,680$7,010$6,395$5,831$4,327
10 years$7,489$6,769$6,112$5,513$4,968$3,546
11 years$6,739$6,026$5,381$4,798$4,273$2,931
12 years$6,114$5,409$4,775$4,208$3,703$2,438
13 years$5,586$4,888$4,266$3,715$3,229$2,039
14 years$5,133$4,443$3,833$3,298$2,831$1,713
15 years$4,742$4,059$3,461$2,941$2,492$1,444
16 years$4,399$3,724$3,138$2,634$2,203$1,221
17 years$4,098$3,429$2,855$2,366$1,953$1,035
18 years$3,830$3,169$2,607$2,132$1,737$879
19 years$3,590$2,937$2,386$1,927$1,548$748
20 years$3,375$2,729$2,190$1,745$1,383$637
21 years$3,180$2,542$2,014$1,584$1,237$544
22 years$3,004$2,373$1,857$1,440$1,109$464
23 years$2,843$2,219$1,714$1,312$995$397
24 years$2,695$2,079$1,585$1,196$895$339
25 years$2,560$1,951$1,468$1,092$805$290
26 years$2,435$1,834$1,362$999$725$249
27 years$2,320$1,726$1,265$914$654$213
28 years$2,213$1,626$1,176$838$590$183
29 years$2,114$1,534$1,094$768$533$157
30 years$2,021$1,449$1,019$705$481$134
31 years$1,935$1,370$950$647$435$115
32 years$1,854$1,296$886$595$394$99
33 years$1,778$1,227$828$547$356$85
34 years$1,707$1,163$773$503$323$73
35 years$1,640$1,103$723$463$292$62
36 years$1,577$1,047$676$427$265$54
37 years$1,518$995$633$393$240$46
38 years$1,461$945$593$362$218$40
39 years$1,408$899$555$334$197$34
40 years$1,358$855$521$308$179$29
41 years$1,310$814$488$284$162$25
42 years$1,264$775$458$262$147$22
43 years$1,221$739$430$242$134$18
44 years$1,180$704$403$224$121$16
45 years$1,141$671$379$207$110$14
46 years$1,103$641$356$191$100$12
47 years$1,067$611$334$176$91$10
48 years$1,033$584$314$163$82$9
49 years$1,001$557$295$151$75$7
50 years$970$532$277$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $993,000, adding $4,421 every year, while hoping to spend $39,674 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: 40/31/29 Blend
56$993,000$993,000$993,000$993,000
57$1,098,846$1,046,217$1,030,826$1,133,245
58$1,168,716$1,055,269$1,023,146$1,167,759
59$1,244,382$1,063,435$1,013,878$1,201,078
60$1,326,395$1,070,629$1,002,929$1,236,377
61$1,415,358$1,076,761$990,198$1,273,863
62$1,511,937$1,081,734$975,582$1,313,767
63$1,616,861$1,085,445$958,970$1,356,345
64$1,730,934$1,087,786$940,249$1,401,880
65$1,855,041$1,088,639$919,300$1,450,691
66$1,990,155$1,087,882$895,996$1,503,127
67$2,137,347$1,085,384$870,208$1,559,580
68$2,297,794$1,081,006$841,798$1,620,482
69$2,472,794$1,074,600$810,622$1,686,314
70$2,663,773$1,066,010$776,533$1,757,610
71$2,872,303$1,055,069$739,372$1,834,961
72$3,100,113$1,041,603$698,976$1,919,024
73$3,349,107$1,025,424$655,174$2,010,526
74$3,621,381$1,006,334$607,787$2,110,273
75$3,919,243$984,126$556,629$2,219,160
76$4,245,234$958,576$501,504$2,338,174
77$4,602,153$929,451$442,209$2,468,413
78$4,993,079$896,501$378,530$2,611,091
79$5,421,408$859,465$310,246$2,767,551
80$5,890,876$818,063$237,123$2,939,281
81$6,405,599$772,001$158,921$3,127,927
82$6,970,111$720,970$75,385$3,335,309
83$7,589,403$664,638$0$3,563,444
84$8,268,976$602,659$0$3,818,818
85$9,014,887$534,665$0$4,124,808
86$9,833,809$460,267$0$4,460,876
87$10,733,092$379,055$0$4,830,130
88$11,720,833$290,594$0$5,235,995
89$12,805,953$194,428$0$5,682,254
90$13,998,277$90,072$0$6,173,081
91$15,308,630$0$0$6,713,080
92$16,748,940$0$0$7,315,174
93$18,332,344$0$0$8,011,004
94$20,073,318$0$0$8,776,224
95$21,987,811$0$0$9,617,861
96$24,093,392$0$0$10,543,659
97$26,409,422$0$0$11,562,149
98$28,957,230$0$0$12,682,730
99$31,760,316$0$0$13,915,759
100$34,844,576$0$0$15,272,649