Can I retire at age 57 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$88,360$87,573$86,805$86,055$85,323$82,991
2 years$43,742$42,928$42,138$41,373$40,630$38,298
3 years$28,872$28,054$27,266$26,508$25,777$23,518
4 years$21,438$20,622$19,843$19,097$18,385$16,215
5 years$16,979$16,168$15,399$14,669$13,976$11,902
6 years$14,007$13,203$12,445$11,731$11,059$9,083
7 years$11,885$11,088$10,341$9,644$8,994$7,116
8 years$10,295$9,504$8,770$8,090$7,461$5,680
9 years$9,058$8,275$7,554$6,891$6,283$4,598
10 years$8,070$7,294$6,586$5,940$5,354$3,761
11 years$7,261$6,493$5,798$5,170$4,604$3,102
12 years$6,588$5,828$5,146$4,535$3,990$2,576
13 years$6,019$5,267$4,597$4,003$3,479$2,150
14 years$5,531$4,788$4,131$3,554$3,050$1,802
15 years$5,109$4,373$3,729$3,169$2,685$1,516
16 years$4,741$4,013$3,381$2,838$2,373$1,279
17 years$4,415$3,695$3,077$2,550$2,104$1,082
18 years$4,127$3,415$2,809$2,298$1,871$917
19 years$3,869$3,165$2,571$2,076$1,668$778
20 years$3,637$2,941$2,360$1,880$1,490$662
21 years$3,427$2,739$2,171$1,707$1,333$563
22 years$3,237$2,557$2,000$1,552$1,195$480
23 years$3,063$2,392$1,847$1,413$1,073$409
24 years$2,904$2,241$1,708$1,289$964$349
25 years$2,759$2,103$1,582$1,177$868$298
26 years$2,624$1,976$1,467$1,076$781$255
27 years$2,500$1,860$1,363$985$705$218
28 years$2,385$1,753$1,267$903$636$186
29 years$2,278$1,653$1,179$828$574$159
30 years$2,178$1,561$1,098$760$519$136
31 years$2,085$1,476$1,024$698$469$116
32 years$1,998$1,397$955$641$424$100
33 years$1,916$1,323$892$590$384$85
34 years$1,840$1,254$833$543$348$73
35 years$1,767$1,189$779$499$315$63
36 years$1,699$1,129$729$460$285$54
37 years$1,635$1,072$682$424$259$46
38 years$1,575$1,019$639$391$234$39
39 years$1,517$969$598$360$213$34
40 years$1,463$922$561$332$193$29
41 years$1,411$877$526$306$175$25
42 years$1,362$835$493$283$159$21
43 years$1,316$796$463$261$144$18
44 years$1,271$759$435$241$131$16
45 years$1,229$724$408$223$119$13
46 years$1,189$690$383$206$108$11
47 years$1,150$659$360$190$98$10
48 years$1,113$629$338$176$89$8
49 years$1,078$600$318$162$81$7
50 years$1,045$574$299$150$73$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,070,000, adding $2,718 every year, while hoping to spend $39,933 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: 44/41/15 Blend
56$1,070,000$1,070,000$1,070,000$1,070,000
57$1,181,944$1,125,234$1,108,649$1,228,725
58$1,260,013$1,137,882$1,103,300$1,274,360
59$1,344,708$1,149,811$1,096,434$1,319,587
60$1,436,661$1,160,944$1,087,957$1,367,744
61$1,536,569$1,171,199$1,077,772$1,419,118
62$1,645,199$1,180,488$1,065,777$1,474,029
63$1,763,394$1,188,716$1,051,865$1,532,828
64$1,892,082$1,195,785$1,035,925$1,595,904
65$2,032,283$1,201,588$1,017,838$1,663,690
66$2,185,123$1,206,013$997,482$1,736,663
67$2,351,837$1,208,939$974,729$1,815,350
68$2,533,786$1,210,239$949,444$1,900,337
69$2,732,470$1,209,778$921,488$1,992,270
70$2,949,536$1,207,411$890,712$2,091,864
71$3,186,802$1,202,987$856,964$2,199,911
72$3,446,265$1,196,343$820,082$2,317,284
73$3,730,128$1,187,308$779,898$2,444,953
74$4,040,813$1,175,698$736,237$2,583,985
75$4,380,990$1,161,322$688,915$2,735,565
76$4,753,598$1,143,973$637,740$2,900,999
77$5,161,872$1,123,435$582,512$3,081,732
78$5,609,378$1,099,478$523,021$3,279,361
79$6,100,041$1,071,859$459,049$3,495,652
80$6,638,184$1,040,319$390,366$3,732,554
81$7,228,570$1,004,586$316,735$3,992,223
82$7,876,445$964,371$237,905$4,277,038
83$8,587,584$919,368$153,618$4,589,631
84$9,368,355$869,253$63,600$4,932,906
85$10,225,766$813,685$0$5,310,071
86$11,167,540$752,303$0$5,729,865
87$12,202,187$684,723$0$6,202,208
88$13,339,077$610,542$0$6,721,279
89$14,588,537$529,332$0$7,291,901
90$15,961,941$440,643$0$7,919,395
91$17,471,821$343,997$0$8,609,633
92$19,131,985$238,891$0$9,369,091
93$20,957,644$124,792$0$10,204,917
94$22,965,557$1,141$0$11,124,996
95$25,174,190$0$0$12,138,025
96$27,603,887$0$0$13,313,450
97$30,277,063$0$0$14,607,379
98$33,218,418$0$0$16,031,272
99$36,455,163$0$0$17,598,321
100$40,017,282$0$0$19,323,063