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%13.9%
1 years$99,921$99,031$98,162$97,315$96,487$94,928
2 years$49,466$48,544$47,652$46,786$45,946$44,379
3 years$32,650$31,724$30,834$29,976$29,150$27,625
4 years$24,243$23,321$22,439$21,596$20,790$19,318
5 years$19,201$18,284$17,414$16,588$15,804$14,390
6 years$15,840$14,930$14,073$13,265$12,505$11,150
7 years$13,441$12,538$11,695$10,906$10,170$8,874
8 years$11,642$10,748$9,918$9,149$8,437$7,200
9 years$10,243$9,358$8,542$7,793$7,105$5,927
10 years$9,125$8,248$7,447$6,718$6,054$4,933
11 years$8,211$7,343$6,557$5,846$5,207$4,142
12 years$7,450$6,591$5,819$5,128$4,512$3,502
13 years$6,806$5,956$5,199$4,527$3,935$2,978
14 years$6,255$5,414$4,671$4,019$3,449$2,545
15 years$5,778$4,946$4,217$3,584$3,037$2,183
16 years$5,361$4,538$3,824$3,209$2,684$1,879
17 years$4,993$4,179$3,479$2,883$2,380$1,621
18 years$4,667$3,862$3,176$2,599$2,116$1,402
19 years$4,375$3,579$2,908$2,348$1,886$1,215
20 years$4,112$3,326$2,668$2,127$1,685$1,055
21 years$3,875$3,098$2,455$1,930$1,508$917
22 years$3,660$2,892$2,262$1,755$1,351$799
23 years$3,464$2,704$2,089$1,598$1,213$696
24 years$3,285$2,534$1,932$1,458$1,090$607
25 years$3,120$2,378$1,789$1,331$981$530
26 years$2,968$2,235$1,659$1,217$884$463
27 years$2,827$2,103$1,541$1,114$797$405
28 years$2,697$1,982$1,432$1,021$719$354
29 years$2,576$1,870$1,333$936$649$310
30 years$2,463$1,766$1,242$859$587$271
31 years$2,358$1,669$1,158$789$530$238
32 years$2,259$1,579$1,080$725$480$208
33 years$2,167$1,496$1,008$667$434$182
34 years$2,080$1,418$942$613$393$160
35 years$1,999$1,345$881$565$356$140
36 years$1,922$1,276$824$520$323$123
37 years$1,849$1,212$771$479$292$108
38 years$1,781$1,152$722$442$265$95
39 years$1,716$1,095$677$407$240$83
40 years$1,654$1,042$634$376$218$73
41 years$1,596$992$595$347$198$64
42 years$1,541$945$558$320$179$56
43 years$1,488$900$524$295$163$49
44 years$1,438$858$491$273$148$43
45 years$1,390$818$461$252$134$38
46 years$1,344$781$433$233$122$33
47 years$1,301$745$407$215$111$29
48 years$1,259$711$383$199$100$26
49 years$1,219$679$360$183$91$22
50 years$1,181$649$338$170$83$20

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 $6,703 every year, while hoping to spend $30,283 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: 79/6/15 Blend
56$1,210,000$1,210,000$1,210,000$1,210,000
57$1,340,334$1,276,204$1,257,449$1,441,516
58$1,444,827$1,306,517$1,267,353$1,539,394
59$1,558,964$1,337,301$1,276,573$1,642,216
60$1,683,695$1,368,546$1,285,056$1,754,179
61$1,820,070$1,400,242$1,292,742$1,876,186
62$1,969,240$1,432,377$1,299,573$2,009,231
63$2,132,477$1,464,938$1,305,483$2,154,409
64$2,311,179$1,497,909$1,310,406$2,312,927
65$2,506,886$1,531,273$1,314,271$2,486,113
66$2,721,294$1,565,011$1,317,005$2,675,431
67$2,956,271$1,599,102$1,318,529$2,882,494
68$3,213,873$1,633,521$1,318,763$3,109,079
69$3,496,367$1,668,242$1,317,620$3,357,144
70$3,806,248$1,703,238$1,315,012$3,628,845
71$4,146,265$1,738,475$1,310,844$3,926,558
72$4,519,443$1,773,920$1,305,017$4,252,902
73$4,929,120$1,809,535$1,297,428$4,610,762
74$5,378,967$1,845,280$1,287,969$5,003,316
75$5,873,031$1,881,108$1,276,526$5,434,068
76$6,415,771$1,916,973$1,262,980$5,906,875
77$7,012,096$1,952,821$1,247,206$6,425,992
78$7,667,417$1,988,596$1,229,074$6,996,104
79$8,387,693$2,024,237$1,208,448$7,622,375
80$9,179,490$2,059,677$1,185,184$8,310,494
81$10,050,043$2,094,846$1,159,132$9,066,733
82$11,007,321$2,129,667$1,130,137$9,898,000
83$12,060,105$2,164,058$1,098,033$10,811,910
84$13,218,069$2,197,930$1,062,651$11,816,852
85$14,491,872$2,231,189$1,023,810$12,922,072
86$15,893,258$2,263,732$981,322$14,137,760
87$17,435,167$2,295,451$934,993$15,475,143
88$19,131,855$2,326,230$884,617$16,946,595
89$20,999,032$2,355,943$829,979$18,565,750
90$23,054,007$2,384,458$770,857$20,347,634
91$25,315,851$2,411,631$707,016$22,308,806
92$27,805,578$2,437,312$638,212$24,467,513
93$30,546,345$2,461,338$564,189$26,843,864
94$33,563,664$2,483,535$484,682$29,460,020
95$36,885,650$2,503,721$399,411$32,340,400
96$40,543,281$2,521,698$308,086$35,511,918
97$44,570,693$2,537,258$210,403$39,004,229
98$49,005,498$2,550,178$106,046$42,850,019
99$53,889,144$2,560,222$0$47,085,302
100$59,267,302$2,567,138$0$51,750,623