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%12.2%
1 years$90,837$90,028$89,238$88,468$87,716$86,908
2 years$44,969$44,131$43,320$42,533$41,769$40,956
3 years$29,681$28,840$28,031$27,251$26,500$25,706
4 years$22,039$21,201$20,399$19,633$18,900$18,131
5 years$17,455$16,622$15,831$15,080$14,368$13,626
6 years$14,400$13,573$12,793$12,060$11,369$10,655
7 years$12,219$11,398$10,631$9,915$9,246$8,561
8 years$10,583$9,771$9,016$8,317$7,670$7,014
9 years$9,312$8,507$7,766$7,084$6,459$5,832
10 years$8,296$7,499$6,770$6,107$5,504$4,905
11 years$7,465$6,675$5,960$5,315$4,733$4,162
12 years$6,773$5,992$5,290$4,662$4,102$3,558
13 years$6,188$5,415$4,726$4,116$3,577$3,059
14 years$5,687$4,922$4,246$3,653$3,135$2,644
15 years$5,253$4,496$3,834$3,258$2,761$2,294
16 years$4,873$4,125$3,476$2,917$2,440$1,998
17 years$4,539$3,799$3,163$2,621$2,163$1,745
18 years$4,242$3,510$2,887$2,362$1,924$1,528
19 years$3,977$3,253$2,643$2,135$1,715$1,340
20 years$3,739$3,023$2,426$1,933$1,531$1,179
21 years$3,523$2,816$2,231$1,755$1,371$1,038
22 years$3,327$2,629$2,057$1,595$1,228$915
23 years$3,149$2,459$1,899$1,453$1,103$808
24 years$2,986$2,304$1,756$1,325$991$714
25 years$2,836$2,162$1,627$1,210$892$632
26 years$2,698$2,032$1,509$1,106$803$560
27 years$2,570$1,912$1,401$1,013$724$496
28 years$2,452$1,802$1,302$928$654$440
29 years$2,342$1,700$1,212$851$590$390
30 years$2,239$1,605$1,129$781$533$346
31 years$2,143$1,517$1,052$717$482$308
32 years$2,054$1,436$982$659$436$273
33 years$1,970$1,360$917$606$395$243
34 years$1,891$1,289$857$558$357$216
35 years$1,817$1,222$801$513$324$192
36 years$1,747$1,160$749$473$293$171
37 years$1,681$1,102$701$436$266$152
38 years$1,619$1,047$657$402$241$135
39 years$1,560$996$615$370$218$120
40 years$1,504$947$577$342$198$107
41 years$1,451$902$541$315$180$95
42 years$1,400$859$507$291$163$85
43 years$1,353$818$476$268$148$76
44 years$1,307$780$447$248$134$67
45 years$1,264$744$419$229$122$60
46 years$1,222$710$394$211$111$53
47 years$1,183$677$370$195$101$48
48 years$1,145$646$348$180$91$42
49 years$1,109$617$327$167$83$38
50 years$1,074$590$307$154$75$34

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 $6,257 every year, while hoping to spend $45,564 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: 66/25/9 Blend
56$1,100,000$1,100,000$1,100,000$1,100,000
57$1,218,654$1,160,354$1,143,304$1,296,466
58$1,294,477$1,168,732$1,133,125$1,357,400
59$1,376,507$1,175,993$1,121,078$1,417,972
60$1,465,329$1,182,034$1,107,052$1,482,984
61$1,561,585$1,186,747$1,090,931$1,552,864
62$1,665,984$1,190,015$1,072,595$1,628,085
63$1,779,302$1,191,714$1,051,915$1,709,168
64$1,902,396$1,191,713$1,028,759$1,796,690
65$2,036,206$1,189,872$1,002,988$1,891,285
66$2,181,768$1,186,044$974,456$1,993,653
67$2,340,219$1,180,071$943,011$2,104,569
68$2,512,813$1,171,787$908,494$2,224,884
69$2,700,930$1,161,014$870,739$2,355,540
70$2,906,087$1,147,566$829,570$2,497,576
71$3,129,954$1,131,243$784,807$2,652,137
72$3,374,370$1,111,834$736,259$2,820,489
73$3,641,359$1,089,118$683,727$3,004,026
74$3,933,149$1,062,856$627,003$3,204,289
75$4,252,194$1,032,799$565,871$3,422,975
76$4,601,193$998,682$500,104$3,661,958
77$4,983,122$960,225$429,465$3,923,307
78$5,401,255$917,130$353,706$4,209,303
79$5,859,198$869,084$272,570$4,522,461
80$6,360,922$815,755$185,787$4,865,559
81$6,910,800$756,792$93,075$5,241,660
82$7,513,650$691,822$0$5,654,141
83$8,174,775$620,455$0$6,107,294
84$8,900,020$542,274$0$6,614,241
85$9,695,819$456,843$0$7,170,602
86$10,569,261$363,697$0$7,781,409
87$11,528,155$262,348$0$8,452,216
88$12,581,103$152,279$0$9,189,141
89$13,737,579$32,944$0$9,998,933
90$15,008,022$0$0$10,889,034
91$16,403,930$0$0$11,894,119
92$17,937,971$0$0$13,008,699
93$19,624,100$0$0$14,233,859
94$21,477,693$0$0$15,580,782
95$23,515,689$0$0$17,061,785
96$25,756,749$0$0$18,690,441
97$28,221,435$0$0$20,481,703
98$30,932,400$0$0$22,452,046
99$33,914,603$0$0$24,619,622
100$37,195,545$0$0$27,004,432