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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$97,443$96,575$95,728$94,902$94,095$92,881
2 years$48,239$47,341$46,470$45,626$44,807$43,585
3 years$31,840$30,938$30,069$29,233$28,427$27,236
4 years$23,642$22,743$21,883$21,061$20,275$19,123
5 years$18,725$17,830$16,982$16,177$15,413$14,304
6 years$15,447$14,560$13,724$12,937$12,195$11,132
7 years$13,107$12,227$11,405$10,636$9,918$8,899
8 years$11,353$10,481$9,672$8,922$8,228$7,254
9 years$9,989$9,126$8,331$7,600$6,929$6,000
10 years$8,899$8,044$7,263$6,551$5,904$5,018
11 years$8,008$7,161$6,394$5,701$5,078$4,235
12 years$7,265$6,427$5,675$5,001$4,400$3,599
13 years$6,638$5,808$5,070$4,415$3,837$3,077
14 years$6,100$5,280$4,555$3,919$3,364$2,643
15 years$5,635$4,823$4,113$3,495$2,962$2,279
16 years$5,228$4,425$3,729$3,130$2,617$1,973
17 years$4,869$4,075$3,393$2,812$2,321$1,712
18 years$4,551$3,766$3,097$2,534$2,064$1,489
19 years$4,266$3,490$2,836$2,290$1,839$1,299
20 years$4,010$3,243$2,602$2,074$1,643$1,134
21 years$3,779$3,021$2,394$1,882$1,470$992
22 years$3,569$2,820$2,206$1,711$1,318$869
23 years$3,378$2,637$2,037$1,558$1,183$762
24 years$3,203$2,471$1,884$1,421$1,063$669
25 years$3,042$2,319$1,745$1,298$957$588
26 years$2,894$2,179$1,618$1,187$862$517
27 years$2,757$2,051$1,503$1,086$777$455
28 years$2,630$1,933$1,397$995$701$400
29 years$2,512$1,823$1,300$913$633$353
30 years$2,402$1,722$1,211$838$572$311
31 years$2,299$1,628$1,129$769$517$274
32 years$2,203$1,540$1,053$707$468$242
33 years$2,113$1,459$983$650$423$213
34 years$2,029$1,382$919$598$383$188
35 years$1,949$1,311$859$551$347$166
36 years$1,874$1,245$804$507$315$146
37 years$1,803$1,182$752$467$285$129
38 years$1,736$1,123$704$431$258$114
39 years$1,673$1,068$660$397$234$101
40 years$1,613$1,016$619$366$213$89
41 years$1,556$967$580$338$193$79
42 years$1,502$921$544$312$175$70
43 years$1,451$878$511$288$159$61
44 years$1,402$837$479$266$144$54
45 years$1,355$798$450$246$131$48
46 years$1,311$761$423$227$119$42
47 years$1,269$726$397$210$108$37
48 years$1,228$693$373$194$98$33
49 years$1,189$662$351$179$89$29
50 years$1,152$633$330$165$81$26

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 $4,387 every year, while hoping to spend $58,127 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: 56/15/29 Blend
56$1,180,000$1,180,000$1,180,000$1,180,000
57$1,304,885$1,242,345$1,224,055$1,367,286
58$1,376,137$1,241,373$1,203,214$1,409,781
59$1,452,708$1,238,406$1,179,727$1,449,673
60$1,535,080$1,233,283$1,153,444$1,491,972
61$1,623,781$1,225,837$1,124,207$1,536,930
62$1,719,391$1,215,888$1,091,852$1,584,829
63$1,822,548$1,203,245$1,056,209$1,635,981
64$1,933,952$1,187,709$1,017,096$1,690,732
65$2,054,373$1,169,064$974,326$1,749,467
66$2,184,656$1,147,085$927,703$1,812,615
67$2,325,731$1,121,533$877,021$1,880,650
68$2,478,620$1,092,152$822,066$1,954,098
69$2,644,448$1,058,676$762,614$2,033,545
70$2,824,450$1,020,819$698,430$2,119,637
71$3,019,985$978,281$629,268$2,213,093
72$3,232,549$930,743$554,875$2,314,710
73$3,463,788$877,867$474,982$2,425,370
74$3,715,510$819,299$389,310$2,546,050
75$3,989,709$754,661$297,568$2,677,834
76$4,288,575$683,555$199,452$2,821,920
77$4,614,521$605,561$94,645$2,979,635
78$4,970,201$520,232$0$3,152,450
79$5,358,538$427,100$0$3,347,312
80$5,782,749$325,668$0$3,592,298
81$6,246,375$215,412$0$3,860,193
82$6,753,315$95,777$0$4,153,315
83$7,307,862$0$0$4,474,219
84$7,914,743$0$0$4,831,309
85$8,579,162$0$0$5,239,665
86$9,306,851$0$0$5,687,013
87$10,104,121$0$0$6,177,247
88$10,977,925$0$0$6,714,655
89$11,935,916$0$0$7,303,959
90$12,986,528$0$0$7,950,362
91$14,139,045$0$0$8,659,591
92$15,403,699$0$0$9,437,958
93$16,791,754$0$0$10,292,414
94$18,315,623$0$0$11,230,615
95$19,988,977$0$0$12,260,997
96$21,826,875$0$0$13,392,851
97$23,845,909$0$0$14,636,413
98$26,064,353$0$0$16,002,959
99$28,502,343$0$0$17,504,912
100$31,182,059$0$0$19,155,959