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%13.6%
1 years$90,011$89,209$88,427$87,664$86,918$85,619
2 years$44,560$43,730$42,926$42,146$41,390$40,084
3 years$29,412$28,578$27,776$27,003$26,259$24,987
4 years$21,839$21,008$20,214$19,454$18,728$17,500
5 years$17,296$16,470$15,687$14,943$14,237$13,056
6 years$14,269$13,449$12,677$11,950$11,265$10,133
7 years$12,108$11,295$10,535$9,825$9,162$8,078
8 years$10,487$9,682$8,934$8,242$7,600$6,566
9 years$9,228$8,430$7,695$7,020$6,401$5,414
10 years$8,220$7,430$6,709$6,051$5,454$4,515
11 years$7,397$6,615$5,906$5,267$4,690$3,798
12 years$6,711$5,937$5,242$4,619$4,065$3,218
13 years$6,131$5,365$4,683$4,078$3,544$2,742
14 years$5,635$4,877$4,208$3,620$3,107$2,347
15 years$5,205$4,455$3,799$3,229$2,736$2,018
16 years$4,829$4,088$3,444$2,891$2,418$1,740
17 years$4,498$3,765$3,134$2,597$2,144$1,505
18 years$4,204$3,479$2,861$2,341$1,906$1,304
19 years$3,941$3,224$2,619$2,115$1,699$1,133
20 years$3,705$2,996$2,404$1,916$1,518$986
21 years$3,491$2,790$2,211$1,739$1,358$859
22 years$3,297$2,605$2,038$1,581$1,217$750
23 years$3,121$2,436$1,882$1,440$1,093$655
24 years$2,959$2,283$1,740$1,313$982$573
25 years$2,810$2,142$1,612$1,199$884$501
26 years$2,673$2,013$1,495$1,096$796$439
27 years$2,547$1,895$1,388$1,004$718$385
28 years$2,429$1,785$1,290$919$648$337
29 years$2,320$1,684$1,201$843$585$296
30 years$2,219$1,591$1,119$774$528$260
31 years$2,124$1,504$1,043$711$478$228
32 years$2,035$1,423$973$653$432$200
33 years$1,952$1,347$908$601$391$176
34 years$1,874$1,277$849$553$354$155
35 years$1,800$1,211$794$509$321$136
36 years$1,731$1,150$742$469$291$119
37 years$1,666$1,092$695$432$263$105
38 years$1,604$1,038$651$398$239$92
39 years$1,546$987$610$367$217$81
40 years$1,490$939$571$338$196$71
41 years$1,438$894$536$312$178$63
42 years$1,388$851$503$288$162$55
43 years$1,340$811$472$266$147$49
44 years$1,295$773$443$246$133$43
45 years$1,252$737$416$227$121$38
46 years$1,211$703$390$210$110$33
47 years$1,172$671$367$194$100$29
48 years$1,134$641$345$179$91$26
49 years$1,098$612$324$165$82$23
50 years$1,064$584$305$153$75$20

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 $5,266 every year, while hoping to spend $44,782 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: 37/43/20 Blend
56$1,090,000$1,090,000$1,090,000$1,090,000
57$1,206,612$1,148,842$1,131,947$1,243,810
58$1,282,039$1,157,487$1,122,219$1,279,930
59$1,363,658$1,165,056$1,110,665$1,314,334
60$1,452,054$1,171,447$1,097,176$1,350,572
61$1,547,870$1,176,554$1,081,637$1,388,837
62$1,651,812$1,180,264$1,063,931$1,429,340
63$1,764,656$1,182,457$1,043,933$1,472,318
64$1,887,259$1,183,004$1,021,512$1,518,035
65$2,020,558$1,181,771$996,532$1,566,785
66$2,165,590$1,178,612$968,850$1,618,896
67$2,323,491$1,173,375$938,317$1,674,731
68$2,495,514$1,165,897$904,778$1,734,696
69$2,683,036$1,156,006$868,068$1,799,241
70$2,887,575$1,143,520$828,017$1,868,867
71$3,110,799$1,128,244$784,447$1,944,131
72$3,354,546$1,109,973$737,171$2,025,650
73$3,620,838$1,088,490$685,995$2,114,111
74$3,911,901$1,063,564$630,714$2,210,276
75$4,230,188$1,034,951$571,116$2,314,991
76$4,578,398$1,002,394$506,978$2,429,193
77$4,959,501$965,619$438,069$2,553,924
78$5,376,772$924,335$364,146$2,690,338
79$5,833,813$878,238$284,955$2,839,713
80$6,334,594$827,004$200,233$3,003,468
81$6,883,485$770,289$109,703$3,183,172
82$7,485,300$707,733$13,078$3,380,567
83$8,145,340$638,952$0$3,597,579
84$8,869,446$563,541$0$3,855,557
85$9,664,049$481,074$0$4,141,875
86$10,536,233$391,099$0$4,456,425
87$11,493,804$293,137$0$4,802,172
88$12,545,358$186,687$0$5,182,395
89$13,700,364$71,214$0$5,600,714
90$14,969,256$0$0$6,061,128
91$16,363,525$0$0$6,593,533
92$17,895,833$0$0$7,215,843
93$19,580,128$0$0$7,900,045
94$21,431,777$0$0$8,652,405
95$23,467,710$0$0$9,479,821
96$25,706,581$0$0$10,389,898
97$28,168,938$0$0$11,391,011
98$30,877,425$0$0$12,492,390
99$33,856,988$0$0$13,704,203
100$37,135,114$0$0$15,037,656