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%12.9%
1 years$96,618$95,757$94,917$94,098$93,297$92,170
2 years$47,830$46,940$46,076$45,239$44,427$43,293
3 years$31,570$30,676$29,814$28,985$28,187$27,080
4 years$23,442$22,550$21,697$20,882$20,103$19,033
5 years$18,566$17,679$16,838$16,040$15,282$14,251
6 years$15,316$14,436$13,608$12,827$12,092$11,102
7 years$12,996$12,124$11,308$10,546$9,834$8,886
8 years$11,257$10,392$9,590$8,847$8,158$7,251
9 years$9,905$9,048$8,260$7,535$6,870$6,004
10 years$8,824$7,976$7,201$6,496$5,854$5,028
11 years$7,940$7,100$6,340$5,653$5,035$4,248
12 years$7,204$6,373$5,626$4,958$4,363$3,615
13 years$6,581$5,759$5,027$4,378$3,805$3,095
14 years$6,048$5,235$4,517$3,886$3,335$2,662
15 years$5,587$4,782$4,078$3,466$2,936$2,299
16 years$5,184$4,388$3,697$3,103$2,595$1,992
17 years$4,828$4,041$3,364$2,788$2,301$1,732
18 years$4,512$3,734$3,071$2,513$2,046$1,509
19 years$4,230$3,461$2,812$2,270$1,824$1,317
20 years$3,976$3,216$2,580$2,056$1,629$1,152
21 years$3,747$2,995$2,373$1,866$1,458$1,009
22 years$3,539$2,796$2,187$1,697$1,307$885
23 years$3,350$2,615$2,020$1,545$1,173$778
24 years$3,176$2,450$1,868$1,409$1,054$684
25 years$3,016$2,299$1,730$1,287$949$602
26 years$2,869$2,161$1,605$1,177$855$530
27 years$2,734$2,034$1,490$1,077$770$467
28 years$2,608$1,916$1,385$987$695$412
29 years$2,491$1,808$1,289$905$628$363
30 years$2,382$1,707$1,201$831$567$321
31 years$2,280$1,614$1,119$763$513$283
32 years$2,185$1,527$1,044$701$464$250
33 years$2,095$1,446$975$645$420$221
34 years$2,011$1,371$911$593$380$195
35 years$1,933$1,300$852$546$344$173
36 years$1,858$1,234$797$503$312$153
37 years$1,788$1,172$746$463$283$135
38 years$1,722$1,114$698$427$256$119
39 years$1,659$1,059$654$394$232$106
40 years$1,600$1,008$613$363$211$94
41 years$1,543$959$575$335$191$83
42 years$1,490$914$539$309$174$73
43 years$1,439$870$506$286$157$65
44 years$1,390$830$475$264$143$57
45 years$1,344$791$446$243$130$51
46 years$1,300$755$419$225$118$45
47 years$1,258$720$394$208$107$40
48 years$1,218$688$370$192$97$35
49 years$1,179$657$348$177$88$31
50 years$1,142$627$327$164$80$28

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 $3,361 every year, while hoping to spend $35,360 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: 57/15/28 Blend
56$1,170,000$1,170,000$1,170,000$1,170,000
57$1,292,807$1,230,797$1,212,662$1,356,390
58$1,387,050$1,253,483$1,215,663$1,423,103
59$1,489,722$1,276,096$1,217,580$1,491,796
60$1,601,643$1,298,594$1,218,339$1,565,950
61$1,723,719$1,320,934$1,217,862$1,646,102
62$1,856,947$1,343,068$1,216,068$1,732,849
63$2,002,422$1,364,945$1,212,873$1,826,846
64$2,161,351$1,386,509$1,208,187$1,928,816
65$2,335,064$1,407,703$1,201,916$2,039,559
66$2,525,023$1,428,463$1,193,963$2,159,955
67$2,732,839$1,448,722$1,184,224$2,290,976
68$2,960,285$1,468,406$1,172,592$2,433,693
69$3,209,315$1,487,439$1,158,955$2,589,288
70$3,482,080$1,505,737$1,143,194$2,759,066
71$3,780,946$1,523,213$1,125,186$2,944,463
72$4,108,524$1,539,771$1,104,800$3,147,067
73$4,467,684$1,555,312$1,081,902$3,368,626
74$4,861,593$1,569,726$1,056,350$3,611,070
75$5,293,733$1,582,900$1,027,996$3,876,528
76$5,767,943$1,594,712$996,684$4,167,347
77$6,288,452$1,605,032$962,251$4,486,114
78$6,859,917$1,613,721$924,529$4,835,685
79$7,487,467$1,620,632$883,339$5,219,207
80$8,176,754$1,625,608$838,497$5,640,153
81$8,934,004$1,628,484$789,807$6,102,350
82$9,766,074$1,629,082$737,068$6,610,020
83$10,680,522$1,627,215$680,068$7,167,819
84$11,685,669$1,622,683$618,584$7,780,880
85$12,790,687$1,615,274$552,387$8,454,863
86$14,005,679$1,604,764$481,234$9,196,009
87$15,341,776$1,590,915$404,873$10,011,200
88$16,811,242$1,573,475$323,040$10,908,024
89$18,427,588$1,552,175$235,462$11,894,845
90$20,205,702$1,526,731$141,850$12,980,889
91$22,161,987$1,496,844$41,904$14,176,324
92$24,314,514$1,462,194$0$15,492,362
93$26,683,198$1,422,444$0$16,960,710
94$29,289,978$1,377,238$0$18,590,266
95$32,159,030$1,326,197$0$20,383,625
96$35,316,992$1,268,922$0$22,357,454
97$38,793,214$1,204,988$0$24,530,123
98$42,620,039$1,133,950$0$26,921,874
99$46,833,103$1,055,333$0$29,555,019
100$51,471,672$968,637$0$32,454,142