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%11.5%
1 years$97,443$96,575$95,728$94,902$94,095$93,502
2 years$48,239$47,341$46,470$45,626$44,807$44,209
3 years$31,840$30,938$30,069$29,233$28,427$27,843
4 years$23,642$22,743$21,883$21,061$20,275$19,708
5 years$18,725$17,830$16,982$16,177$15,413$14,865
6 years$15,447$14,560$13,724$12,937$12,195$11,668
7 years$13,107$12,227$11,405$10,636$9,918$9,411
8 years$11,353$10,481$9,672$8,922$8,228$7,742
9 years$9,989$9,126$8,331$7,600$6,929$6,463
10 years$8,899$8,044$7,263$6,551$5,904$5,458
11 years$8,008$7,161$6,394$5,701$5,078$4,652
12 years$7,265$6,427$5,675$5,001$4,400$3,994
13 years$6,638$5,808$5,070$4,415$3,837$3,450
14 years$6,100$5,280$4,555$3,919$3,364$2,995
15 years$5,635$4,823$4,113$3,495$2,962$2,611
16 years$5,228$4,425$3,729$3,130$2,617$2,284
17 years$4,869$4,075$3,393$2,812$2,321$2,005
18 years$4,551$3,766$3,097$2,534$2,064$1,764
19 years$4,266$3,490$2,836$2,290$1,839$1,556
20 years$4,010$3,243$2,602$2,074$1,643$1,375
21 years$3,779$3,021$2,394$1,882$1,470$1,217
22 years$3,569$2,820$2,206$1,711$1,318$1,079
23 years$3,378$2,637$2,037$1,558$1,183$958
24 years$3,203$2,471$1,884$1,421$1,063$851
25 years$3,042$2,319$1,745$1,298$957$757
26 years$2,894$2,179$1,618$1,187$862$674
27 years$2,757$2,051$1,503$1,086$777$601
28 years$2,630$1,933$1,397$995$701$536
29 years$2,512$1,823$1,300$913$633$478
30 years$2,402$1,722$1,211$838$572$427
31 years$2,299$1,628$1,129$769$517$381
32 years$2,203$1,540$1,053$707$468$341
33 years$2,113$1,459$983$650$423$304
34 years$2,029$1,382$919$598$383$272
35 years$1,949$1,311$859$551$347$244
36 years$1,874$1,245$804$507$315$218
37 years$1,803$1,182$752$467$285$195
38 years$1,736$1,123$704$431$258$175
39 years$1,673$1,068$660$397$234$156
40 years$1,613$1,016$619$366$213$140
41 years$1,556$967$580$338$193$125
42 years$1,502$921$544$312$175$112
43 years$1,451$878$511$288$159$101
44 years$1,402$837$479$266$144$90
45 years$1,355$798$450$246$131$81
46 years$1,311$761$423$227$119$72
47 years$1,269$726$397$210$108$65
48 years$1,228$693$373$194$98$58
49 years$1,189$662$351$179$89$52
50 years$1,152$633$330$165$81$47

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 $2,361 every year, while hoping to spend $38,811 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: 72/21/7 Blend
56$1,180,000$1,180,000$1,180,000$1,180,000
57$1,302,795$1,240,255$1,221,965$1,395,099
58$1,394,386$1,259,733$1,221,607$1,475,800
59$1,494,018$1,278,865$1,219,935$1,559,057
60$1,602,471$1,297,592$1,216,866$1,649,127
61$1,720,601$1,315,853$1,212,310$1,746,669
62$1,849,354$1,333,581$1,206,173$1,852,410
63$1,989,767$1,350,705$1,198,359$1,967,153
64$2,142,983$1,367,149$1,188,763$2,091,780
65$2,310,260$1,382,832$1,177,280$2,227,263
66$2,492,983$1,397,668$1,163,795$2,374,675
67$2,692,677$1,411,563$1,148,192$2,535,195
68$2,911,020$1,424,420$1,130,346$2,710,127
69$3,149,860$1,436,133$1,110,129$2,900,902
70$3,411,232$1,446,590$1,087,405$3,109,103
71$3,697,377$1,455,672$1,062,033$3,336,469
72$4,010,762$1,463,252$1,033,863$3,584,921
73$4,354,105$1,469,196$1,002,742$3,856,573
74$4,730,396$1,473,360$968,507$4,153,757
75$5,142,934$1,475,591$930,989$4,479,042
76$5,595,346$1,475,728$890,010$4,835,259
77$6,091,630$1,473,599$845,385$5,225,529
78$6,636,192$1,469,020$796,920$5,653,293
79$7,233,879$1,461,798$744,413$6,122,340
80$7,890,036$1,451,727$687,652$6,636,851
81$8,610,547$1,438,589$626,416$7,201,431
82$9,401,896$1,422,153$560,473$7,821,156
83$10,271,224$1,402,173$489,584$8,501,621
84$11,226,399$1,378,390$413,495$9,248,995
85$12,276,089$1,350,528$331,944$10,070,074
86$13,429,841$1,318,295$244,656$10,972,351
87$14,698,177$1,281,384$151,344$11,964,084
88$16,092,685$1,239,466$51,708$13,054,376
89$17,626,135$1,192,196$0$14,253,259
90$19,312,595$1,139,207$0$15,575,871
91$21,167,564$1,080,113$0$17,034,708
92$23,208,121$1,014,503$0$18,639,364
93$25,453,080$941,945$0$20,404,672
94$27,923,174$861,980$0$22,346,980
95$30,641,244$774,124$0$24,484,307
96$33,632,460$677,864$0$26,836,508
97$36,924,553$572,661$0$29,425,469
98$40,548,078$457,943$0$32,275,308
99$44,536,707$333,107$0$35,412,607
100$48,927,535$197,514$0$38,866,660