Can I retire at age 57 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$98,269$97,394$96,540$95,706$94,892$91,489
2 years$48,648$47,742$46,864$46,013$45,187$41,795
3 years$32,110$31,200$30,324$29,481$28,668$25,394
4 years$23,842$22,935$22,068$21,239$20,447$17,316
5 years$18,883$17,982$17,126$16,314$15,543$12,563
6 years$15,578$14,683$13,840$13,046$12,299$9,472
7 years$13,218$12,331$11,501$10,726$10,002$7,328
8 years$11,449$10,570$9,754$8,998$8,298$5,775
9 years$10,074$9,203$8,401$7,664$6,988$4,612
10 years$8,975$8,112$7,324$6,607$5,954$3,721
11 years$8,076$7,222$6,448$5,750$5,121$3,026
12 years$7,327$6,482$5,723$5,043$4,437$2,476
13 years$6,694$5,858$5,113$4,452$3,870$2,036
14 years$6,152$5,324$4,594$3,952$3,392$1,681
15 years$5,682$4,864$4,148$3,525$2,987$1,392
16 years$5,272$4,463$3,760$3,156$2,640$1,156
17 years$4,910$4,110$3,422$2,836$2,340$962
18 years$4,589$3,798$3,124$2,556$2,081$802
19 years$4,302$3,520$2,860$2,309$1,855$670
20 years$4,044$3,271$2,624$2,091$1,657$560
21 years$3,811$3,046$2,414$1,898$1,483$468
22 years$3,600$2,844$2,225$1,726$1,329$392
23 years$3,407$2,660$2,054$1,572$1,193$329
24 years$3,230$2,492$1,900$1,433$1,072$276
25 years$3,068$2,339$1,760$1,309$965$231
26 years$2,919$2,198$1,632$1,197$869$194
27 years$2,780$2,069$1,515$1,096$784$163
28 years$2,652$1,949$1,409$1,004$707$137
29 years$2,533$1,839$1,311$921$638$115
30 years$2,422$1,737$1,221$845$577$97
31 years$2,319$1,642$1,138$776$522$81
32 years$2,222$1,553$1,062$713$472$68
33 years$2,131$1,471$992$656$427$57
34 years$2,046$1,394$927$603$387$48
35 years$1,966$1,322$866$555$350$41
36 years$1,890$1,255$810$512$317$34
37 years$1,819$1,192$759$471$288$29
38 years$1,751$1,133$710$434$261$24
39 years$1,687$1,077$666$401$236$20
40 years$1,627$1,025$624$369$214$17
41 years$1,570$976$585$341$195$14
42 years$1,515$929$549$315$176$12
43 years$1,463$885$515$290$160$10
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$7
46 years$1,322$768$426$229$120$6
47 years$1,279$733$400$211$109$5
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,190,000, adding $2,116 every year, while hoping to spend $56,041 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$1,190,000$1,190,000$1,190,000$1,190,000
57$1,313,563$1,250,493$1,232,048$1,378,233
58$1,387,919$1,252,140$1,213,694$1,424,515
59$1,467,981$1,251,989$1,192,847$1,468,889
60$1,554,272$1,249,894$1,169,365$1,516,112
61$1,647,367$1,245,697$1,143,097$1,566,476
62$1,747,895$1,239,233$1,113,888$1,620,307
63$1,856,552$1,230,327$1,081,575$1,677,966
64$1,974,098$1,218,791$1,045,985$1,739,851
65$2,101,371$1,204,426$1,006,941$1,806,407
66$2,239,292$1,187,025$964,255$1,878,125
67$2,388,874$1,166,364$917,732$1,955,550
68$2,551,231$1,142,207$867,167$2,039,285
69$2,727,587$1,114,305$812,347$2,129,999
70$2,919,289$1,082,394$753,049$2,228,431
71$3,127,819$1,046,195$689,039$2,335,403
72$3,354,809$1,005,410$620,074$2,451,820
73$3,602,052$959,728$545,899$2,578,687
74$3,871,523$908,817$466,249$2,717,117
75$4,165,396$852,325$380,845$2,868,338
76$4,486,060$789,884$289,398$3,033,710
77$4,836,151$721,100$191,605$3,214,739
78$5,218,564$645,560$87,150$3,413,088
79$5,636,491$562,826$0$3,630,598
80$6,093,445$472,436$0$3,876,569
81$6,593,291$373,900$0$4,174,241
82$7,140,289$266,704$0$4,500,142
83$7,739,127$150,300$0$4,857,132
84$8,394,967$24,115$0$5,248,361
85$9,113,497$0$0$5,677,306
86$9,900,977$0$0$6,166,360
87$10,764,305$0$0$6,706,986
88$11,711,075$0$0$7,299,973
89$12,749,652$0$0$7,950,574
90$13,889,252$0$0$8,664,576
91$15,140,025$0$0$9,448,352
92$16,513,149$0$0$10,308,922
93$18,020,940$0$0$11,254,021
94$19,676,965$0$0$12,292,169
95$21,496,167$0$0$13,432,750
96$23,495,012$0$0$14,686,103
97$25,691,634$0$0$16,063,620
98$28,106,016$0$0$17,577,849
99$30,760,172$0$0$19,242,615
100$33,678,352$0$0$21,073,150