Can I retire at age 57 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$86,708$85,936$85,182$84,447$83,728$82,443
2 years$42,925$42,125$41,351$40,599$39,871$38,579
3 years$28,332$27,529$26,757$26,012$25,296$24,038
4 years$21,037$20,237$19,472$18,740$18,041$16,826
5 years$16,662$15,866$15,111$14,394$13,715$12,547
6 years$13,745$12,956$12,212$11,511$10,852$9,732
7 years$11,663$10,880$10,148$9,464$8,825$7,755
8 years$10,102$9,326$8,606$7,939$7,322$6,299
9 years$8,889$8,120$7,413$6,762$6,166$5,191
10 years$7,919$7,158$6,463$5,829$5,254$4,326
11 years$7,125$6,372$5,690$5,073$4,518$3,637
12 years$6,465$5,719$5,049$4,450$3,915$3,079
13 years$5,906$5,168$4,511$3,929$3,414$2,622
14 years$5,428$4,698$4,053$3,487$2,993$2,243
15 years$5,014$4,292$3,660$3,110$2,635$1,927
16 years$4,652$3,938$3,318$2,785$2,329$1,661
17 years$4,333$3,626$3,019$2,502$2,065$1,435
18 years$4,049$3,351$2,756$2,255$1,836$1,243
19 years$3,796$3,106$2,523$2,037$1,637$1,079
20 years$3,569$2,886$2,316$1,845$1,462$938
21 years$3,363$2,688$2,130$1,675$1,308$817
22 years$3,176$2,509$1,963$1,523$1,173$712
23 years$3,006$2,347$1,813$1,387$1,053$622
24 years$2,850$2,199$1,676$1,265$946$543
25 years$2,707$2,063$1,553$1,155$851$475
26 years$2,575$1,939$1,440$1,056$767$416
27 years$2,453$1,825$1,337$967$691$364
28 years$2,340$1,720$1,243$886$624$319
29 years$2,235$1,622$1,157$812$563$280
30 years$2,137$1,532$1,077$745$509$245
31 years$2,046$1,448$1,004$685$460$215
32 years$1,961$1,371$937$629$416$189
33 years$1,880$1,298$875$579$377$166
34 years$1,805$1,230$818$532$341$145
35 years$1,734$1,167$764$490$309$128
36 years$1,668$1,107$715$451$280$112
37 years$1,605$1,052$669$416$254$99
38 years$1,545$1,000$627$383$230$87
39 years$1,489$951$587$353$209$76
40 years$1,436$904$550$326$189$67
41 years$1,385$861$516$301$172$59
42 years$1,337$820$484$278$156$52
43 years$1,291$781$454$256$141$45
44 years$1,248$745$426$237$128$40
45 years$1,206$710$400$218$116$35
46 years$1,167$677$376$202$106$31
47 years$1,129$646$353$186$96$27
48 years$1,093$617$332$172$87$24
49 years$1,058$589$312$159$79$21
50 years$1,025$563$293$147$72$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,050,000, adding $4,784 every year, while hoping to spend $49,154 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: 53/28/19 Blend
56$1,050,000$1,050,000$1,050,000$1,050,000
57$1,162,035$1,106,385$1,090,110$1,217,359
58$1,228,263$1,108,298$1,074,329$1,257,747
59$1,299,599$1,108,658$1,056,372$1,296,113
60$1,376,511$1,107,336$1,036,114$1,336,794
61$1,459,517$1,104,196$1,013,425$1,380,027
62$1,549,180$1,099,095$988,168$1,426,072
63$1,646,124$1,091,878$960,199$1,475,219
64$1,751,033$1,082,384$929,370$1,527,793
65$1,864,658$1,070,441$895,523$1,584,149
66$1,987,826$1,055,865$858,496$1,644,687
67$2,121,446$1,038,464$818,117$1,709,845
68$2,266,517$1,018,032$774,208$1,780,113
69$2,424,138$994,353$726,581$1,856,033
70$2,595,520$967,196$675,041$1,938,205
71$2,781,993$936,318$619,384$2,027,295
72$2,985,020$901,462$559,398$2,124,041
73$3,206,213$862,354$494,859$2,229,259
74$3,447,345$818,707$425,534$2,343,856
75$3,710,366$770,216$351,181$2,468,834
76$3,997,424$716,557$271,546$2,605,301
77$4,310,882$657,390$186,365$2,754,488
78$4,653,344$592,353$95,360$2,917,754
79$5,027,674$521,067$0$3,096,603
80$5,437,025$443,128$0$3,293,058
81$5,884,871$358,110$0$3,529,257
82$6,375,035$265,565$0$3,787,949
83$6,911,727$165,017$0$4,071,453
84$7,499,586$55,965$0$4,382,330
85$8,143,716$0$0$4,723,405
86$8,849,741$0$0$5,116,940
87$9,623,855$0$0$5,567,435
88$10,472,879$0$0$6,061,632
89$11,404,326$0$0$6,603,915
90$12,426,471$0$0$7,199,118
91$13,548,432$0$0$7,852,561
92$14,780,247$0$0$8,570,109
93$16,132,979$0$0$9,358,218
94$17,618,812$0$0$10,224,005
95$19,251,168$0$0$11,175,306
96$21,044,834$0$0$12,220,756
97$23,016,101$0$0$13,369,867
98$25,182,915$0$0$14,633,120
99$27,565,048$0$0$16,022,059
100$30,184,283$0$0$17,549,405