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%19.7%
1 years$88,360$87,573$86,805$86,055$85,323$82,003
2 years$43,742$42,928$42,138$41,373$40,630$37,325
3 years$28,872$28,054$27,266$26,508$25,777$22,591
4 years$21,438$20,622$19,843$19,097$18,385$15,342
5 years$16,979$16,168$15,399$14,669$13,976$11,085
6 years$14,007$13,203$12,445$11,731$11,059$8,321
7 years$11,885$11,088$10,341$9,644$8,994$6,408
8 years$10,295$9,504$8,770$8,090$7,461$5,025
9 years$9,058$8,275$7,554$6,891$6,283$3,994
10 years$8,070$7,294$6,586$5,940$5,354$3,206
11 years$7,261$6,493$5,798$5,170$4,604$2,594
12 years$6,588$5,828$5,146$4,535$3,990$2,111
13 years$6,019$5,267$4,597$4,003$3,479$1,727
14 years$5,531$4,788$4,131$3,554$3,050$1,417
15 years$5,109$4,373$3,729$3,169$2,685$1,167
16 years$4,741$4,013$3,381$2,838$2,373$964
17 years$4,415$3,695$3,077$2,550$2,104$797
18 years$4,127$3,415$2,809$2,298$1,871$661
19 years$3,869$3,165$2,571$2,076$1,668$548
20 years$3,637$2,941$2,360$1,880$1,490$455
21 years$3,427$2,739$2,171$1,707$1,333$379
22 years$3,237$2,557$2,000$1,552$1,195$315
23 years$3,063$2,392$1,847$1,413$1,073$263
24 years$2,904$2,241$1,708$1,289$964$219
25 years$2,759$2,103$1,582$1,177$868$182
26 years$2,624$1,976$1,467$1,076$781$152
27 years$2,500$1,860$1,363$985$705$127
28 years$2,385$1,753$1,267$903$636$106
29 years$2,278$1,653$1,179$828$574$88
30 years$2,178$1,561$1,098$760$519$74
31 years$2,085$1,476$1,024$698$469$62
32 years$1,998$1,397$955$641$424$51
33 years$1,916$1,323$892$590$384$43
34 years$1,840$1,254$833$543$348$36
35 years$1,767$1,189$779$499$315$30
36 years$1,699$1,129$729$460$285$25
37 years$1,635$1,072$682$424$259$21
38 years$1,575$1,019$639$391$234$17
39 years$1,517$969$598$360$213$15
40 years$1,463$922$561$332$193$12
41 years$1,411$877$526$306$175$10
42 years$1,362$835$493$283$159$8
43 years$1,316$796$463$261$144$7
44 years$1,271$759$435$241$131$6
45 years$1,229$724$408$223$119$5
46 years$1,189$690$383$206$108$4
47 years$1,150$659$360$190$98$3
48 years$1,113$629$338$176$89$3
49 years$1,078$600$318$162$81$2
50 years$1,045$574$299$150$73$2

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 $3,423 every year, while hoping to spend $59,981 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: 53/29/18 Blend
56$1,070,000$1,070,000$1,070,000$1,070,000
57$1,182,671$1,125,961$1,109,376$1,239,394
58$1,239,484$1,117,314$1,082,721$1,269,991
59$1,300,082$1,106,232$1,053,162$1,296,664
60$1,364,787$1,092,534$1,020,540$1,324,373
61$1,433,953$1,076,026$984,686$1,353,238
62$1,507,967$1,056,503$945,424$1,383,388
63$1,587,256$1,033,747$902,571$1,414,971
64$1,672,284$1,007,529$855,936$1,448,156
65$1,763,563$977,605$805,316$1,483,129
66$1,861,656$943,716$750,503$1,520,100
67$1,967,177$905,591$691,277$1,559,306
68$2,080,804$862,940$627,410$1,601,013
69$2,203,280$815,457$558,662$1,645,516
70$2,335,420$762,821$484,783$1,693,147
71$2,478,123$704,688$405,513$1,744,279
72$2,632,372$640,699$320,578$1,799,327
73$2,799,251$570,470$229,695$1,858,754
74$2,979,951$493,599$132,566$1,923,078
75$3,175,780$409,660$28,881$1,992,875
76$3,388,178$318,202$0$2,068,791
77$3,618,727$218,749$0$2,167,245
78$3,869,168$110,799$0$2,280,274
79$4,141,417$0$0$2,403,279
80$4,437,578$0$0$2,539,294
81$4,759,971$0$0$2,725,937
82$5,111,146$0$0$2,929,337
83$5,493,908$0$0$3,151,133
84$5,911,347$0$0$3,393,127
85$6,366,863$0$0$3,657,303
86$6,864,196$0$0$3,945,844
87$7,407,467$0$0$4,261,154
88$8,001,210$0$0$4,605,880
89$8,650,417$0$0$4,982,936
90$9,360,586$0$0$5,395,530
91$10,137,768$0$0$5,847,195
92$10,988,628$0$0$6,341,822
93$11,920,506$0$0$6,883,694
94$12,941,483$0$0$7,477,530
95$14,060,460$0$0$8,128,526
96$15,287,239$0$0$8,842,404
97$16,632,617$0$0$9,625,468
98$18,108,485$0$0$10,484,661
99$19,727,941$0$0$11,427,629
100$21,505,412$0$0$12,462,797