Can I retire at age 57 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$90,011$89,209$88,427$87,664$86,918$84,577
2 years$44,560$43,730$42,926$42,146$41,390$39,047
3 years$29,412$28,578$27,776$27,003$26,259$23,990
4 years$21,839$21,008$20,214$19,454$18,728$16,549
5 years$17,296$16,470$15,687$14,943$14,237$12,153
6 years$14,269$13,449$12,677$11,950$11,265$9,279
7 years$12,108$11,295$10,535$9,825$9,162$7,274
8 years$10,487$9,682$8,934$8,242$7,600$5,810
9 years$9,228$8,430$7,695$7,020$6,401$4,705
10 years$8,220$7,430$6,709$6,051$5,454$3,852
11 years$7,397$6,615$5,906$5,267$4,690$3,179
12 years$6,711$5,937$5,242$4,619$4,065$2,641
13 years$6,131$5,365$4,683$4,078$3,544$2,206
14 years$5,635$4,877$4,208$3,620$3,107$1,851
15 years$5,205$4,455$3,799$3,229$2,736$1,558
16 years$4,829$4,088$3,444$2,891$2,418$1,315
17 years$4,498$3,765$3,134$2,597$2,144$1,113
18 years$4,204$3,479$2,861$2,341$1,906$944
19 years$3,941$3,224$2,619$2,115$1,699$802
20 years$3,705$2,996$2,404$1,916$1,518$682
21 years$3,491$2,790$2,211$1,739$1,358$581
22 years$3,297$2,605$2,038$1,581$1,217$496
23 years$3,121$2,436$1,882$1,440$1,093$423
24 years$2,959$2,283$1,740$1,313$982$361
25 years$2,810$2,142$1,612$1,199$884$309
26 years$2,673$2,013$1,495$1,096$796$264
27 years$2,547$1,895$1,388$1,004$718$226
28 years$2,429$1,785$1,290$919$648$193
29 years$2,320$1,684$1,201$843$585$165
30 years$2,219$1,591$1,119$774$528$142
31 years$2,124$1,504$1,043$711$478$121
32 years$2,035$1,423$973$653$432$104
33 years$1,952$1,347$908$601$391$89
34 years$1,874$1,277$849$553$354$76
35 years$1,800$1,211$794$509$321$65
36 years$1,731$1,150$742$469$291$56
37 years$1,666$1,092$695$432$263$48
38 years$1,604$1,038$651$398$239$41
39 years$1,546$987$610$367$217$35
40 years$1,490$939$571$338$196$30
41 years$1,438$894$536$312$178$26
42 years$1,388$851$503$288$162$22
43 years$1,340$811$472$266$147$19
44 years$1,295$773$443$246$133$16
45 years$1,252$737$416$227$121$14
46 years$1,211$703$390$210$110$12
47 years$1,172$671$367$194$100$10
48 years$1,134$641$345$179$91$9
49 years$1,098$612$324$165$82$8
50 years$1,064$584$305$153$75$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,090,000, adding $4,906 every year, while hoping to spend $51,220 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: 38/34/28 Blend
56$1,090,000$1,090,000$1,090,000$1,090,000
57$1,206,241$1,148,471$1,131,576$1,241,866
58$1,274,779$1,150,248$1,114,986$1,270,260
59$1,348,593$1,150,396$1,096,123$1,295,876
60$1,428,164$1,148,780$1,074,858$1,322,582
61$1,514,025$1,145,259$1,051,054$1,350,511
62$1,606,760$1,139,681$1,024,569$1,379,813
63$1,707,010$1,131,886$995,253$1,410,656
64$1,815,481$1,121,704$962,950$1,443,230
65$1,932,949$1,108,956$927,497$1,477,749
66$2,060,265$1,093,451$888,724$1,514,452
67$2,198,368$1,074,985$846,452$1,553,608
68$2,348,287$1,053,346$800,494$1,595,518
69$2,511,158$1,028,305$750,656$1,640,520
70$2,688,226$999,622$696,733$1,688,991
71$2,880,865$967,044$638,514$1,741,355
72$3,090,584$930,299$575,775$1,798,083
73$3,319,045$889,105$508,284$1,859,702
74$3,568,074$843,158$435,798$1,926,799
75$3,839,685$792,140$358,065$2,000,031
76$4,136,092$735,714$274,819$2,080,128
77$4,459,732$673,523$185,784$2,167,904
78$4,813,289$605,189$90,672$2,264,265
79$5,199,717$530,316$0$2,370,219
80$5,622,268$448,481$0$2,490,122
81$6,084,522$359,240$0$2,651,104
82$6,590,423$262,122$0$2,827,530
83$7,144,313$156,633$0$3,021,042
84$7,750,971$42,246$0$3,233,452
85$8,415,664$0$0$3,466,768
86$9,144,189$0$0$3,753,734
87$9,942,934$0$0$4,085,838
88$10,818,930$0$0$4,450,217
89$11,779,925$0$0$4,850,114
90$12,834,451$0$0$5,289,097
91$13,991,908$0$0$5,771,102
92$15,262,648$0$0$6,300,461
93$16,658,076$0$0$6,881,946
94$18,190,755$0$0$7,520,816
95$19,874,525$0$0$8,222,864
96$21,724,630$0$0$8,994,471
97$23,757,868$0$0$9,842,667
98$25,992,741$0$0$10,775,198
99$28,449,637$0$0$11,800,598
100$31,151,013$0$0$12,928,267