Can I retire at age 57 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$94,140$93,302$92,483$91,685$90,905$87,820
2 years$46,604$45,736$44,895$44,079$43,288$40,210
3 years$30,761$29,889$29,050$28,242$27,464$24,491
4 years$22,841$21,972$21,141$20,347$19,587$16,741
5 years$18,090$17,226$16,406$15,628$14,890$12,179
6 years$14,924$14,066$13,259$12,498$11,782$9,208
7 years$12,663$11,813$11,018$10,275$9,582$7,144
8 years$10,968$10,126$9,344$8,620$7,949$5,646
9 years$9,651$8,816$8,048$7,342$6,694$4,523
10 years$8,597$7,771$7,017$6,329$5,704$3,661
11 years$7,736$6,918$6,177$5,508$4,906$2,987
12 years$7,019$6,209$5,482$4,831$4,251$2,452
13 years$6,413$5,612$4,898$4,265$3,707$2,023
14 years$5,893$5,101$4,401$3,786$3,250$1,676
15 years$5,444$4,660$3,973$3,377$2,861$1,393
16 years$5,051$4,275$3,602$3,023$2,529$1,161
17 years$4,704$3,937$3,278$2,717$2,242$970
18 years$4,397$3,638$2,992$2,448$1,994$812
19 years$4,122$3,372$2,739$2,212$1,777$680
20 years$3,874$3,133$2,514$2,004$1,587$571
21 years$3,651$2,918$2,313$1,818$1,420$479
22 years$3,448$2,724$2,131$1,653$1,273$403
23 years$3,264$2,548$1,968$1,506$1,143$339
24 years$3,094$2,387$1,820$1,373$1,027$285
25 years$2,939$2,240$1,686$1,254$924$240
26 years$2,796$2,106$1,563$1,147$833$203
27 years$2,664$1,982$1,452$1,050$751$171
28 years$2,541$1,867$1,350$962$677$144
29 years$2,427$1,762$1,256$882$612$121
30 years$2,321$1,664$1,170$809$553$102
31 years$2,221$1,573$1,091$743$500$86
32 years$2,129$1,488$1,018$683$452$73
33 years$2,042$1,409$950$628$409$62
34 years$1,960$1,336$888$578$370$52
35 years$1,883$1,267$830$532$335$44
36 years$1,811$1,202$776$490$304$37
37 years$1,742$1,142$727$451$275$31
38 years$1,678$1,085$681$416$250$26
39 years$1,616$1,032$638$384$226$22
40 years$1,559$982$598$354$205$19
41 years$1,504$935$560$327$186$16
42 years$1,451$890$526$301$169$13
43 years$1,402$848$493$278$153$11
44 years$1,354$808$463$257$139$10
45 years$1,309$771$435$237$126$8
46 years$1,267$735$408$219$115$7
47 years$1,226$702$384$202$104$6
48 years$1,186$670$360$187$95$5
49 years$1,149$640$339$173$86$4
50 years$1,113$611$319$160$78$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,140,000, adding $4,454 every year, while hoping to spend $44,087 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: 44/46/10 Blend
56$1,140,000$1,140,000$1,140,000$1,140,000
57$1,260,874$1,200,454$1,182,784$1,312,556
58$1,342,575$1,212,368$1,175,499$1,360,812
59$1,431,132$1,223,389$1,166,493$1,408,243
60$1,527,198$1,233,425$1,155,660$1,458,654
61$1,631,490$1,242,380$1,142,893$1,512,336
62$1,744,798$1,250,153$1,128,076$1,569,611
63$1,867,990$1,256,634$1,111,090$1,630,835
64$2,002,023$1,261,707$1,091,809$1,696,402
65$2,147,948$1,265,249$1,070,103$1,766,750
66$2,306,921$1,267,128$1,045,834$1,842,361
67$2,480,215$1,267,206$1,018,857$1,923,772
68$2,669,232$1,265,334$989,024$2,011,574
69$2,875,514$1,261,356$956,177$2,106,424
70$3,100,759$1,255,104$920,151$2,209,048
71$3,346,834$1,246,402$880,774$2,320,248
72$3,615,798$1,235,063$837,867$2,440,913
73$3,909,915$1,220,886$791,241$2,572,027
74$4,231,679$1,203,663$740,700$2,714,676
75$4,583,836$1,183,168$686,039$2,870,063
76$4,969,410$1,159,166$627,044$3,039,518
77$5,391,730$1,131,405$563,490$3,224,511
78$5,854,463$1,099,620$495,144$3,426,669
79$6,361,647$1,063,530$421,760$3,647,787
80$6,917,730$1,022,838$343,084$3,889,855
81$7,527,610$977,229$258,848$4,155,066
82$8,196,682$926,369$168,776$4,445,848
83$8,930,889$869,907$72,575$4,764,883
84$9,736,777$807,469$0$5,115,134
85$10,621,556$738,663$0$5,503,084
86$11,593,168$663,072$0$5,937,612
87$12,660,364$580,255$0$6,414,997
88$13,832,782$489,748$0$6,939,687
89$15,121,040$391,059$0$7,516,594
90$16,536,835$283,671$0$8,151,140
91$18,093,055$167,034$0$8,849,308
92$19,803,898$40,569$0$9,617,703
93$21,685,005$0$0$10,463,616
94$23,753,610$0$0$11,443,852
95$26,028,700$0$0$12,544,673
96$28,531,194$0$0$13,755,684
97$31,284,141$0$0$15,088,060
98$34,312,936$0$0$16,554,110
99$37,645,558$0$0$18,167,400
100$41,312,839$0$0$19,942,877