Can I retire at age 57 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$95,792$94,938$94,106$93,293$92,500$89,791
2 years$47,422$46,538$45,683$44,853$44,048$41,340
3 years$31,300$30,413$29,560$28,738$27,946$25,325
4 years$23,241$22,357$21,512$20,704$19,931$17,417
5 years$18,407$17,528$16,694$15,902$15,151$12,750
6 years$15,185$14,313$13,491$12,717$11,989$9,704
7 years$12,885$12,020$11,211$10,456$9,750$7,580
8 years$11,161$10,303$9,508$8,771$8,089$6,033
9 years$9,820$8,971$8,189$7,471$6,812$4,869
10 years$8,748$7,908$7,140$6,440$5,804$3,971
11 years$7,872$7,040$6,286$5,605$4,992$3,265
12 years$7,142$6,318$5,578$4,916$4,326$2,702
13 years$6,525$5,710$4,984$4,340$3,772$2,248
14 years$5,997$5,190$4,478$3,853$3,307$1,878
15 years$5,539$4,741$4,043$3,436$2,911$1,574
16 years$5,139$4,350$3,666$3,077$2,573$1,323
17 years$4,787$4,006$3,336$2,764$2,281$1,115
18 years$4,474$3,702$3,045$2,491$2,029$941
19 years$4,194$3,431$2,788$2,251$1,808$796
20 years$3,942$3,188$2,558$2,039$1,615$674
21 years$3,715$2,970$2,353$1,850$1,445$572
22 years$3,509$2,772$2,169$1,682$1,295$485
23 years$3,321$2,593$2,002$1,532$1,163$412
24 years$3,149$2,429$1,852$1,397$1,045$350
25 years$2,991$2,280$1,715$1,276$941$298
26 years$2,845$2,143$1,591$1,167$847$253
27 years$2,710$2,016$1,477$1,068$764$216
28 years$2,585$1,900$1,373$979$689$184
29 years$2,469$1,792$1,278$897$622$156
30 years$2,361$1,693$1,190$824$562$133
31 years$2,260$1,600$1,110$756$508$114
32 years$2,166$1,514$1,035$695$460$97
33 years$2,077$1,434$967$639$416$83
34 years$1,994$1,359$903$588$377$70
35 years$1,916$1,289$844$541$341$60
36 years$1,842$1,223$790$499$309$51
37 years$1,773$1,162$739$459$280$44
38 years$1,707$1,104$692$423$254$37
39 years$1,645$1,050$649$390$230$32
40 years$1,586$999$608$360$209$27
41 years$1,530$951$570$332$190$23
42 years$1,477$906$535$307$172$20
43 years$1,426$863$502$283$156$17
44 years$1,378$823$471$261$142$14
45 years$1,332$784$442$241$129$12
46 years$1,289$748$415$223$117$10
47 years$1,247$714$390$206$106$9
48 years$1,207$682$367$190$96$8
49 years$1,169$651$345$176$87$6
50 years$1,133$622$324$163$79$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,160,000, adding $3,627 every year, while hoping to spend $41,471 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: 49/26/25 Blend
56$1,160,000$1,160,000$1,160,000$1,160,000
57$1,282,061$1,220,581$1,202,601$1,335,645
58$1,368,707$1,236,265$1,198,764$1,389,121
59$1,462,800$1,251,327$1,193,407$1,442,752
60$1,565,057$1,265,694$1,186,438$1,500,189
61$1,676,266$1,279,285$1,177,756$1,561,808
62$1,797,292$1,292,018$1,167,258$1,628,028
63$1,929,089$1,303,800$1,154,835$1,699,312
64$2,072,707$1,314,537$1,140,373$1,776,170
65$2,229,300$1,324,126$1,123,752$1,859,166
66$2,400,138$1,332,457$1,104,847$1,948,926
67$2,586,620$1,339,416$1,083,527$2,046,139
68$2,790,286$1,344,878$1,059,656$2,151,567
69$3,012,830$1,348,712$1,033,090$2,266,053
70$3,256,119$1,350,779$1,003,679$2,390,528
71$3,522,207$1,350,931$971,266$2,526,020
72$3,813,355$1,349,010$935,687$2,673,665
73$4,132,055$1,344,850$896,770$2,834,720
74$4,481,050$1,338,272$854,336$3,010,569
75$4,863,358$1,329,089$808,198$3,202,745
76$5,282,308$1,317,101$758,160$3,412,938
77$5,741,561$1,302,096$704,016$3,643,017
78$6,245,152$1,283,851$645,552$3,895,042
79$6,797,525$1,262,127$582,546$4,171,292
80$7,403,574$1,236,673$514,763$4,474,281
81$8,068,691$1,207,222$441,959$4,806,782
82$8,798,812$1,173,491$363,880$5,171,862
83$9,600,480$1,135,181$280,259$5,572,900
84$10,480,901$1,091,977$190,819$6,013,632
85$11,448,011$1,043,542$95,270$6,498,175
86$12,510,555$989,522$0$7,031,079
87$13,678,166$929,544$0$7,619,147
88$14,961,457$863,209$0$8,293,366
89$16,372,120$790,100$0$9,034,496
90$17,923,035$709,774$0$9,849,370
91$19,628,393$621,761$0$10,745,522
92$21,503,830$525,569$0$11,731,261
93$23,566,571$420,672$0$12,815,743
94$25,835,597$306,521$0$14,009,068
95$28,331,819$182,531$0$15,322,365
96$31,078,276$48,087$0$16,767,909
97$34,100,355$0$0$18,359,228
98$37,426,027$0$0$20,139,123
99$41,086,112$0$0$22,113,285
100$45,114,568$0$0$24,286,291