Can I retire at age 57 with 1,210,000?

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 $1,210,000?

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$99,921$99,031$98,162$97,315$96,487$93,361
2 years$49,466$48,544$47,652$46,786$45,946$42,826
3 years$32,650$31,724$30,834$29,976$29,150$26,134
4 years$24,243$23,321$22,439$21,596$20,790$17,901
5 years$19,201$18,284$17,414$16,588$15,804$13,050
6 years$15,840$14,930$14,073$13,265$12,505$9,888
7 years$13,441$12,538$11,695$10,906$10,170$7,689
8 years$11,642$10,748$9,918$9,149$8,437$6,091
9 years$10,243$9,358$8,542$7,793$7,105$4,892
10 years$9,125$8,248$7,447$6,718$6,054$3,969
11 years$8,211$7,343$6,557$5,846$5,207$3,247
12 years$7,450$6,591$5,819$5,128$4,512$2,673
13 years$6,806$5,956$5,199$4,527$3,935$2,211
14 years$6,255$5,414$4,671$4,019$3,449$1,837
15 years$5,778$4,946$4,217$3,584$3,037$1,531
16 years$5,361$4,538$3,824$3,209$2,684$1,280
17 years$4,993$4,179$3,479$2,883$2,380$1,072
18 years$4,667$3,862$3,176$2,599$2,116$900
19 years$4,375$3,579$2,908$2,348$1,886$756
20 years$4,112$3,326$2,668$2,127$1,685$637
21 years$3,875$3,098$2,455$1,930$1,508$536
22 years$3,660$2,892$2,262$1,755$1,351$452
23 years$3,464$2,704$2,089$1,598$1,213$382
24 years$3,285$2,534$1,932$1,458$1,090$322
25 years$3,120$2,378$1,789$1,331$981$273
26 years$2,968$2,235$1,659$1,217$884$230
27 years$2,827$2,103$1,541$1,114$797$195
28 years$2,697$1,982$1,432$1,021$719$165
29 years$2,576$1,870$1,333$936$649$139
30 years$2,463$1,766$1,242$859$587$118
31 years$2,358$1,669$1,158$789$530$100
32 years$2,259$1,579$1,080$725$480$85
33 years$2,167$1,496$1,008$667$434$72
34 years$2,080$1,418$942$613$393$61
35 years$1,999$1,345$881$565$356$51
36 years$1,922$1,276$824$520$323$44
37 years$1,849$1,212$771$479$292$37
38 years$1,781$1,152$722$442$265$31
39 years$1,716$1,095$677$407$240$26
40 years$1,654$1,042$634$376$218$22
41 years$1,596$992$595$347$198$19
42 years$1,541$945$558$320$179$16
43 years$1,488$900$524$295$163$14
44 years$1,438$858$491$273$148$12
45 years$1,390$818$461$252$134$10
46 years$1,344$781$433$233$122$8
47 years$1,301$745$407$215$111$7
48 years$1,259$711$383$199$100$6
49 years$1,219$679$360$183$91$5
50 years$1,181$649$338$170$83$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,210,000, adding $4,655 every year, while hoping to spend $25,014 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: 51/35/14 Blend
56$1,210,000$1,210,000$1,210,000$1,210,000
57$1,338,222$1,274,092$1,255,337$1,401,170
58$1,448,106$1,309,907$1,270,776$1,480,631
59$1,568,359$1,346,640$1,285,894$1,563,952
60$1,700,014$1,384,307$1,300,653$1,653,973
61$1,844,206$1,422,929$1,315,015$1,751,336
62$2,002,185$1,462,522$1,328,938$1,856,742
63$2,175,328$1,503,107$1,342,379$1,970,968
64$2,365,154$1,544,701$1,355,290$2,094,865
65$2,573,332$1,587,323$1,367,625$2,229,374
66$2,801,702$1,630,993$1,379,331$2,375,526
67$3,052,292$1,675,727$1,390,354$2,534,461
68$3,327,333$1,721,546$1,400,639$2,707,432
69$3,629,286$1,768,466$1,410,125$2,895,819
70$3,960,858$1,816,506$1,418,749$3,101,143
71$4,325,035$1,865,684$1,426,446$3,325,076
72$4,725,102$1,916,017$1,433,147$3,569,464
73$5,164,683$1,967,522$1,438,777$3,836,338
74$5,647,766$2,020,215$1,443,261$4,127,934
75$6,178,746$2,074,114$1,446,519$4,446,717
76$6,762,466$2,129,233$1,448,465$4,795,403
77$7,404,260$2,185,588$1,449,011$5,176,982
78$8,110,006$2,243,193$1,448,064$5,594,749
79$8,886,179$2,302,062$1,445,526$6,052,336
80$9,739,913$2,362,207$1,441,296$6,553,741
81$10,679,070$2,423,641$1,435,265$7,103,371
82$11,712,310$2,486,375$1,427,321$7,706,082
83$12,849,176$2,550,417$1,417,347$8,367,224
84$14,100,181$2,615,777$1,405,217$9,092,690
85$15,476,912$2,682,462$1,390,804$9,888,977
86$16,992,132$2,750,478$1,373,971$10,763,240
87$18,659,906$2,819,828$1,354,576$11,723,366
88$20,495,733$2,890,516$1,332,471$12,778,045
89$22,516,689$2,962,542$1,307,499$13,936,850
90$24,741,589$3,035,905$1,279,498$15,210,334
91$27,191,167$3,110,600$1,248,298$16,610,123
92$29,888,269$3,186,623$1,213,719$18,149,029
93$32,858,069$3,263,964$1,175,575$19,841,171
94$36,128,307$3,342,613$1,133,671$21,702,106
95$39,729,548$3,422,554$1,087,803$23,748,978
96$43,695,474$3,503,772$1,037,757$26,000,681
97$48,063,201$3,586,245$983,310$28,478,035
98$52,873,626$3,669,950$924,229$31,203,981
99$58,171,815$3,754,857$860,271$34,203,802
100$64,007,429$3,840,934$791,179$37,505,362