Can I retire at age 57 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$90,837$90,028$89,238$88,468$87,716$86,298
2 years$44,969$44,131$43,320$42,533$41,769$40,345
3 years$29,681$28,840$28,031$27,251$26,500$25,113
4 years$22,039$21,201$20,399$19,633$18,900$17,562
5 years$17,455$16,622$15,831$15,080$14,368$13,081
6 years$14,400$13,573$12,793$12,060$11,369$10,136
7 years$12,219$11,398$10,631$9,915$9,246$8,067
8 years$10,583$9,771$9,016$8,317$7,670$6,545
9 years$9,312$8,507$7,766$7,084$6,459$5,388
10 years$8,296$7,499$6,770$6,107$5,504$4,485
11 years$7,465$6,675$5,960$5,315$4,733$3,765
12 years$6,773$5,992$5,290$4,662$4,102$3,184
13 years$6,188$5,415$4,726$4,116$3,577$2,708
14 years$5,687$4,922$4,246$3,653$3,135$2,314
15 years$5,253$4,496$3,834$3,258$2,761$1,984
16 years$4,873$4,125$3,476$2,917$2,440$1,708
17 years$4,539$3,799$3,163$2,621$2,163$1,474
18 years$4,242$3,510$2,887$2,362$1,924$1,275
19 years$3,977$3,253$2,643$2,135$1,715$1,105
20 years$3,739$3,023$2,426$1,933$1,531$959
21 years$3,523$2,816$2,231$1,755$1,371$834
22 years$3,327$2,629$2,057$1,595$1,228$726
23 years$3,149$2,459$1,899$1,453$1,103$633
24 years$2,986$2,304$1,756$1,325$991$552
25 years$2,836$2,162$1,627$1,210$892$482
26 years$2,698$2,032$1,509$1,106$803$421
27 years$2,570$1,912$1,401$1,013$724$368
28 years$2,452$1,802$1,302$928$654$322
29 years$2,342$1,700$1,212$851$590$282
30 years$2,239$1,605$1,129$781$533$247
31 years$2,143$1,517$1,052$717$482$216
32 years$2,054$1,436$982$659$436$189
33 years$1,970$1,360$917$606$395$166
34 years$1,891$1,289$857$558$357$145
35 years$1,817$1,222$801$513$324$127
36 years$1,747$1,160$749$473$293$112
37 years$1,681$1,102$701$436$266$98
38 years$1,619$1,047$657$402$241$86
39 years$1,560$996$615$370$218$75
40 years$1,504$947$577$342$198$66
41 years$1,451$902$541$315$180$58
42 years$1,400$859$507$291$163$51
43 years$1,353$818$476$268$148$45
44 years$1,307$780$447$248$134$39
45 years$1,264$744$419$229$122$34
46 years$1,222$710$394$211$111$30
47 years$1,183$677$370$195$101$27
48 years$1,145$646$348$180$91$23
49 years$1,109$617$327$167$83$20
50 years$1,074$590$307$154$75$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,100,000, adding $2,118 every year, while hoping to spend $51,112 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: 77/17/6 Blend
56$1,100,000$1,100,000$1,100,000$1,100,000
57$1,214,385$1,156,085$1,139,035$1,307,056
58$1,283,869$1,158,350$1,122,810$1,370,442
59$1,358,728$1,159,013$1,104,328$1,433,087
60$1,439,455$1,157,942$1,083,460$1,500,260
61$1,526,594$1,154,996$1,060,070$1,572,387
62$1,620,741$1,150,025$1,034,017$1,649,939
63$1,722,552$1,142,871$1,005,152$1,733,436
64$1,832,747$1,133,367$973,319$1,823,450
65$1,952,118$1,121,333$938,356$1,920,611
66$2,081,537$1,106,581$900,094$2,025,614
67$2,221,961$1,088,911$858,355$2,139,225
68$2,374,444$1,068,110$812,952$2,262,289
69$2,540,144$1,043,954$763,693$2,395,738
70$2,720,336$1,016,205$710,374$2,540,597
71$2,916,423$984,611$652,783$2,698,000
72$3,129,946$948,905$590,700$2,869,193
73$3,362,604$908,805$523,892$3,055,554
74$3,616,265$864,013$452,118$3,258,600
75$3,892,986$814,211$375,126$3,480,004
76$4,195,031$759,067$292,652$3,721,610
77$4,524,890$698,228$204,422$3,985,454
78$4,885,307$631,319$110,148$4,273,779
79$5,279,300$557,946$9,531$4,589,058
80$5,710,196$477,692$0$4,934,018
81$6,181,654$390,117$0$5,317,932
82$6,697,704$294,754$0$5,738,909
83$7,262,785$191,113$0$6,200,018
84$7,881,786$78,674$0$6,705,313
85$8,560,087$0$0$7,259,264
86$9,303,617$0$0$7,874,863
87$10,118,906$0$0$8,566,049
88$11,013,142$0$0$9,324,207
89$11,994,247$0$0$10,156,056
90$13,070,945$0$0$11,068,998
91$14,252,844$0$0$12,071,187
92$15,550,530$0$0$13,171,603
93$16,975,662$0$0$14,380,140
94$18,541,085$0$0$15,707,696
95$20,260,950$0$0$17,166,278
96$22,150,845$0$0$18,769,111
97$24,227,941$0$0$20,530,768
98$26,511,160$0$0$22,467,300
99$29,021,344$0$0$24,596,395
100$31,781,457$0$0$26,937,536