Can I retire at age 57 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$96,618$95,757$94,917$94,098$93,297$90,167
2 years$47,830$46,940$46,076$45,239$44,427$41,304
3 years$31,570$30,676$29,814$28,985$28,187$25,169
4 years$23,442$22,550$21,697$20,882$20,103$17,214
5 years$18,566$17,679$16,838$16,040$15,282$12,529
6 years$15,316$14,436$13,608$12,827$12,092$9,478
7 years$12,996$12,124$11,308$10,546$9,834$7,358
8 years$11,257$10,392$9,590$8,847$8,158$5,818
9 years$9,905$9,048$8,260$7,535$6,870$4,664
10 years$8,824$7,976$7,201$6,496$5,854$3,777
11 years$7,940$7,100$6,340$5,653$5,035$3,084
12 years$7,204$6,373$5,626$4,958$4,363$2,533
13 years$6,581$5,759$5,027$4,378$3,805$2,092
14 years$6,048$5,235$4,517$3,886$3,335$1,734
15 years$5,587$4,782$4,078$3,466$2,936$1,443
16 years$5,184$4,388$3,697$3,103$2,595$1,203
17 years$4,828$4,041$3,364$2,788$2,301$1,006
18 years$4,512$3,734$3,071$2,513$2,046$842
19 years$4,230$3,461$2,812$2,270$1,824$706
20 years$3,976$3,216$2,580$2,056$1,629$593
21 years$3,747$2,995$2,373$1,866$1,458$499
22 years$3,539$2,796$2,187$1,697$1,307$420
23 years$3,350$2,615$2,020$1,545$1,173$353
24 years$3,176$2,450$1,868$1,409$1,054$298
25 years$3,016$2,299$1,730$1,287$949$251
26 years$2,869$2,161$1,605$1,177$855$212
27 years$2,734$2,034$1,490$1,077$770$178
28 years$2,608$1,916$1,385$987$695$151
29 years$2,491$1,808$1,289$905$628$127
30 years$2,382$1,707$1,201$831$567$107
31 years$2,280$1,614$1,119$763$513$91
32 years$2,185$1,527$1,044$701$464$77
33 years$2,095$1,446$975$645$420$65
34 years$2,011$1,371$911$593$380$55
35 years$1,933$1,300$852$546$344$46
36 years$1,858$1,234$797$503$312$39
37 years$1,788$1,172$746$463$283$33
38 years$1,722$1,114$698$427$256$28
39 years$1,659$1,059$654$394$232$24
40 years$1,600$1,008$613$363$211$20
41 years$1,543$959$575$335$191$17
42 years$1,490$914$539$309$174$14
43 years$1,439$870$506$286$157$12
44 years$1,390$830$475$264$143$10
45 years$1,344$791$446$243$130$9
46 years$1,300$755$419$225$118$7
47 years$1,258$720$394$208$107$6
48 years$1,218$688$370$192$97$5
49 years$1,179$657$348$177$88$4
50 years$1,142$627$327$164$80$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,170,000, adding $3,303 every year, while hoping to spend $34,815 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: 50/43/7 Blend
56$1,170,000$1,170,000$1,170,000$1,170,000
57$1,292,747$1,230,737$1,212,602$1,354,924
58$1,387,564$1,254,000$1,216,181$1,420,931
59$1,490,886$1,277,237$1,218,714$1,488,613
60$1,603,543$1,300,408$1,220,127$1,561,330
61$1,726,450$1,323,473$1,220,347$1,639,564
62$1,860,612$1,346,388$1,219,293$1,723,843
63$2,007,138$1,369,104$1,216,883$1,814,749
64$2,167,247$1,391,571$1,213,029$1,912,926
65$2,342,282$1,413,734$1,207,641$2,019,082
66$2,533,720$1,435,532$1,200,623$2,133,997
67$2,743,190$1,456,904$1,191,874$2,258,533
68$2,972,483$1,477,780$1,181,289$2,393,639
69$3,223,573$1,498,087$1,168,759$2,540,362
70$3,498,633$1,517,749$1,154,168$2,699,855
71$3,800,055$1,536,681$1,137,395$2,873,391
72$4,130,477$1,554,794$1,118,313$3,062,374
73$4,492,801$1,571,994$1,096,792$3,268,349
74$4,890,223$1,588,178$1,072,691$3,493,024
75$5,326,266$1,603,239$1,045,866$3,738,279
76$5,804,808$1,617,061$1,016,166$4,006,189
77$6,330,123$1,629,521$983,432$4,299,041
78$6,906,916$1,640,488$947,497$4,619,358
79$7,540,372$1,649,823$908,189$4,969,921
80$8,236,203$1,657,377$865,326$5,353,797
81$9,000,700$1,662,993$818,719$5,774,368
82$9,840,794$1,666,503$768,169$6,235,363
83$10,764,122$1,667,728$713,470$6,740,895
84$11,779,095$1,666,480$654,404$7,295,498
85$12,894,983$1,662,557$590,746$7,904,171
86$14,121,995$1,655,746$522,260$8,572,429
87$15,471,382$1,645,821$448,699$9,306,349
88$16,955,537$1,632,541$369,805$10,112,634
89$18,588,118$1,615,652$285,310$10,998,676
90$20,384,171$1,594,883$194,932$11,972,621
91$22,360,273$1,569,949$98,379$13,043,455
92$24,534,690$1,540,546$0$14,221,084
93$26,927,548$1,506,352$0$15,516,776
94$29,561,023$1,467,028$0$16,950,090
95$32,459,548$1,422,214$0$18,526,971
96$35,650,047$1,371,528$0$20,262,080
97$39,162,186$1,314,566$0$22,171,583
98$43,028,651$1,250,902$0$24,273,296
99$47,285,461$1,180,084$0$26,586,863
100$51,972,304$1,101,634$0$29,133,935