Can I retire at age 57 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$97,443$96,575$95,728$94,902$94,095$91,046
2 years$48,239$47,341$46,470$45,626$44,807$41,764
3 years$31,840$30,938$30,069$29,233$28,427$25,486
4 years$23,642$22,743$21,883$21,061$20,275$17,457
5 years$18,725$17,830$16,982$16,177$15,413$12,726
6 years$15,447$14,560$13,724$12,937$12,195$9,643
7 years$13,107$12,227$11,405$10,636$9,918$7,499
8 years$11,353$10,481$9,672$8,922$8,228$5,940
9 years$9,989$9,126$8,331$7,600$6,929$4,770
10 years$8,899$8,044$7,263$6,551$5,904$3,871
11 years$8,008$7,161$6,394$5,701$5,078$3,166
12 years$7,265$6,427$5,675$5,001$4,400$2,606
13 years$6,638$5,808$5,070$4,415$3,837$2,157
14 years$6,100$5,280$4,555$3,919$3,364$1,792
15 years$5,635$4,823$4,113$3,495$2,962$1,493
16 years$5,228$4,425$3,729$3,130$2,617$1,248
17 years$4,869$4,075$3,393$2,812$2,321$1,046
18 years$4,551$3,766$3,097$2,534$2,064$878
19 years$4,266$3,490$2,836$2,290$1,839$738
20 years$4,010$3,243$2,602$2,074$1,643$621
21 years$3,779$3,021$2,394$1,882$1,470$523
22 years$3,569$2,820$2,206$1,711$1,318$441
23 years$3,378$2,637$2,037$1,558$1,183$372
24 years$3,203$2,471$1,884$1,421$1,063$315
25 years$3,042$2,319$1,745$1,298$957$266
26 years$2,894$2,179$1,618$1,187$862$225
27 years$2,757$2,051$1,503$1,086$777$190
28 years$2,630$1,933$1,397$995$701$161
29 years$2,512$1,823$1,300$913$633$136
30 years$2,402$1,722$1,211$838$572$115
31 years$2,299$1,628$1,129$769$517$97
32 years$2,203$1,540$1,053$707$468$83
33 years$2,113$1,459$983$650$423$70
34 years$2,029$1,382$919$598$383$59
35 years$1,949$1,311$859$551$347$50
36 years$1,874$1,245$804$507$315$42
37 years$1,803$1,182$752$467$285$36
38 years$1,736$1,123$704$431$258$30
39 years$1,673$1,068$660$397$234$26
40 years$1,613$1,016$619$366$213$22
41 years$1,556$967$580$338$193$19
42 years$1,502$921$544$312$175$16
43 years$1,451$878$511$288$159$13
44 years$1,402$837$479$266$144$11
45 years$1,355$798$450$246$131$10
46 years$1,311$761$423$227$119$8
47 years$1,269$726$397$210$108$7
48 years$1,228$693$373$194$98$6
49 years$1,189$662$351$179$89$5
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,180,000, adding $5,314 every year, while hoping to spend $43,177 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: 77/8/15 Blend
56$1,180,000$1,180,000$1,180,000$1,180,000
57$1,305,841$1,243,301$1,225,011$1,401,824
58$1,393,097$1,258,283$1,220,109$1,480,860
59$1,487,806$1,272,552$1,213,596$1,561,539
60$1,590,682$1,286,027$1,205,372$1,648,820
61$1,702,513$1,298,623$1,195,332$1,743,348
62$1,824,161$1,310,248$1,183,368$1,845,831
63$1,956,580$1,320,804$1,169,365$1,957,052
64$2,100,815$1,330,188$1,153,203$2,077,871
65$2,258,019$1,338,288$1,134,756$2,209,238
66$2,429,460$1,344,987$1,113,893$2,352,198
67$2,616,534$1,350,160$1,090,477$2,507,903
68$2,820,775$1,353,673$1,064,364$2,677,625
69$3,043,877$1,355,385$1,035,402$2,862,761
70$3,287,699$1,355,146$1,003,435$3,064,856
71$3,554,291$1,352,795$968,297$3,285,610
72$3,845,910$1,348,164$929,816$3,526,896
73$4,165,041$1,341,071$887,813$3,790,779
74$4,514,418$1,331,327$842,098$4,079,537
75$4,897,055$1,318,728$792,474$4,395,677
76$5,316,269$1,303,060$738,736$4,741,966
77$5,775,714$1,284,096$680,670$5,121,451
78$6,279,414$1,261,593$618,049$5,537,493
79$6,831,800$1,235,297$550,640$5,993,793
80$7,437,754$1,204,937$478,196$6,494,434
81$8,102,652$1,170,227$400,463$7,043,914
82$8,832,417$1,130,862$317,173$7,647,191
83$9,633,571$1,086,522$228,046$8,309,731
84$10,513,301$1,036,867$132,792$9,037,558
85$11,479,523$981,539$31,105$9,837,312
86$12,540,955$920,155$0$10,716,311
87$13,707,206$852,316$0$11,695,011
88$14,988,856$777,595$0$12,776,032
89$16,397,566$695,543$0$13,964,245
90$17,946,179$605,686$0$15,270,509
91$19,648,847$507,522$0$16,706,789
92$21,521,159$400,521$0$18,286,270
93$23,580,294$284,123$0$20,023,479
94$25,845,176$157,737$0$21,934,426
95$28,336,656$20,738$0$24,036,751
96$31,077,707$0$0$26,349,893
97$34,093,644$0$0$28,906,498
98$37,412,356$0$0$31,721,822
99$41,064,572$0$0$34,820,117
100$45,084,154$0$0$38,230,111