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%19.3%
1 years$95,792$94,938$94,106$93,293$92,500$89,041
2 years$47,422$46,538$45,683$44,853$44,048$40,602
3 years$31,300$30,413$29,560$28,738$27,946$24,622
4 years$23,241$22,357$21,512$20,704$19,931$16,755
5 years$18,407$17,528$16,694$15,902$15,151$12,131
6 years$15,185$14,313$13,491$12,717$11,989$9,126
7 years$12,885$12,020$11,211$10,456$9,750$7,045
8 years$11,161$10,303$9,508$8,771$8,089$5,538
9 years$9,820$8,971$8,189$7,471$6,812$4,412
10 years$8,748$7,908$7,140$6,440$5,804$3,551
11 years$7,872$7,040$6,286$5,605$4,992$2,880
12 years$7,142$6,318$5,578$4,916$4,326$2,350
13 years$6,525$5,710$4,984$4,340$3,772$1,927
14 years$5,997$5,190$4,478$3,853$3,307$1,587
15 years$5,539$4,741$4,043$3,436$2,911$1,311
16 years$5,139$4,350$3,666$3,077$2,573$1,085
17 years$4,787$4,006$3,336$2,764$2,281$900
18 years$4,474$3,702$3,045$2,491$2,029$748
19 years$4,194$3,431$2,788$2,251$1,808$623
20 years$3,942$3,188$2,558$2,039$1,615$519
21 years$3,715$2,970$2,353$1,850$1,445$433
22 years$3,509$2,772$2,169$1,682$1,295$361
23 years$3,321$2,593$2,002$1,532$1,163$302
24 years$3,149$2,429$1,852$1,397$1,045$252
25 years$2,991$2,280$1,715$1,276$941$211
26 years$2,845$2,143$1,591$1,167$847$177
27 years$2,710$2,016$1,477$1,068$764$148
28 years$2,585$1,900$1,373$979$689$124
29 years$2,469$1,792$1,278$897$622$104
30 years$2,361$1,693$1,190$824$562$87
31 years$2,260$1,600$1,110$756$508$73
32 years$2,166$1,514$1,035$695$460$61
33 years$2,077$1,434$967$639$416$51
34 years$1,994$1,359$903$588$377$43
35 years$1,916$1,289$844$541$341$36
36 years$1,842$1,223$790$499$309$30
37 years$1,773$1,162$739$459$280$25
38 years$1,707$1,104$692$423$254$21
39 years$1,645$1,050$649$390$230$18
40 years$1,586$999$608$360$209$15
41 years$1,530$951$570$332$190$12
42 years$1,477$906$535$307$172$10
43 years$1,426$863$502$283$156$9
44 years$1,378$823$471$261$142$7
45 years$1,332$784$442$241$129$6
46 years$1,289$748$415$223$117$5
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$3

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 $2,844 every year, while hoping to spend $35,106 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: 34/39/27 Blend
56$1,160,000$1,160,000$1,160,000$1,160,000
57$1,281,254$1,219,774$1,201,794$1,314,252
58$1,374,589$1,242,190$1,204,701$1,361,736
59$1,476,268$1,264,528$1,206,530$1,409,556
60$1,587,104$1,286,747$1,207,205$1,460,439
61$1,707,994$1,308,803$1,206,652$1,514,682
62$1,839,924$1,330,649$1,204,789$1,572,612
63$1,983,978$1,352,232$1,201,531$1,634,591
64$2,141,352$1,373,500$1,196,791$1,701,020
65$2,313,360$1,394,392$1,190,474$1,772,342
66$2,501,452$1,414,846$1,182,484$1,849,046
67$2,707,221$1,434,794$1,172,718$1,931,674
68$2,932,423$1,454,165$1,161,069$2,020,825
69$3,178,991$1,472,880$1,147,426$2,117,159
70$3,449,055$1,490,857$1,131,671$2,221,409
71$3,744,957$1,508,008$1,113,681$2,334,381
72$4,069,281$1,524,239$1,093,328$2,456,970
73$4,424,869$1,539,448$1,070,476$2,590,162
74$4,814,854$1,553,529$1,044,985$2,735,047
75$5,242,685$1,566,368$1,016,707$2,892,829
76$5,712,161$1,577,842$985,489$3,064,841
77$6,227,467$1,587,822$951,169$3,252,551
78$6,793,213$1,596,170$913,578$3,457,584
79$7,414,478$1,602,739$872,540$3,681,733
80$8,096,855$1,607,374$827,870$3,926,979
81$8,846,507$1,609,908$779,376$4,195,509
82$9,670,222$1,610,164$726,857$4,489,739
83$10,575,479$1,607,957$670,101$4,812,336
84$11,570,517$1,603,086$608,889$5,166,244
85$12,664,415$1,595,342$542,991$5,554,714
86$13,867,171$1,584,500$472,167$5,981,335
87$15,189,804$1,570,322$396,167$6,450,068
88$16,644,454$1,552,558$314,728$6,965,285
89$18,244,495$1,530,939$227,578$7,531,813
90$20,004,662$1,505,185$134,431$8,154,977
91$21,941,193$1,474,993$34,989$8,840,656
92$24,071,975$1,440,049$0$9,595,335
93$26,416,719$1,400,014$0$10,446,664
94$28,997,144$1,354,534$0$11,394,138
95$31,837,179$1,303,232$0$12,436,477
96$34,963,190$1,245,709$0$13,583,396
97$38,404,231$1,181,545$0$14,845,608
98$42,192,314$1,110,292$0$16,234,925
99$46,362,713$1,031,480$0$17,764,367
100$50,954,297$944,609$0$19,448,295