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

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$99,921$99,031$98,162$97,315$96,487$93,101
2 years$49,466$48,544$47,652$46,786$45,946$42,570
3 years$32,650$31,724$30,834$29,976$29,150$25,890
4 years$24,243$23,321$22,439$21,596$20,790$17,671
5 years$19,201$18,284$17,414$16,588$15,804$12,835
6 years$15,840$14,930$14,073$13,265$12,505$9,688
7 years$13,441$12,538$11,695$10,906$10,170$7,504
8 years$11,642$10,748$9,918$9,149$8,437$5,920
9 years$10,243$9,358$8,542$7,793$7,105$4,734
10 years$9,125$8,248$7,447$6,718$6,054$3,824
11 years$8,211$7,343$6,557$5,846$5,207$3,114
12 years$7,450$6,591$5,819$5,128$4,512$2,551
13 years$6,806$5,956$5,199$4,527$3,935$2,101
14 years$6,255$5,414$4,671$4,019$3,449$1,737
15 years$5,778$4,946$4,217$3,584$3,037$1,441
16 years$5,361$4,538$3,824$3,209$2,684$1,198
17 years$4,993$4,179$3,479$2,883$2,380$999
18 years$4,667$3,862$3,176$2,599$2,116$834
19 years$4,375$3,579$2,908$2,348$1,886$697
20 years$4,112$3,326$2,668$2,127$1,685$584
21 years$3,875$3,098$2,455$1,930$1,508$489
22 years$3,660$2,892$2,262$1,755$1,351$410
23 years$3,464$2,704$2,089$1,598$1,213$344
24 years$3,285$2,534$1,932$1,458$1,090$289
25 years$3,120$2,378$1,789$1,331$981$243
26 years$2,968$2,235$1,659$1,217$884$204
27 years$2,827$2,103$1,541$1,114$797$172
28 years$2,697$1,982$1,432$1,021$719$144
29 years$2,576$1,870$1,333$936$649$122
30 years$2,463$1,766$1,242$859$587$102
31 years$2,358$1,669$1,158$789$530$86
32 years$2,259$1,579$1,080$725$480$72
33 years$2,167$1,496$1,008$667$434$61
34 years$2,080$1,418$942$613$393$51
35 years$1,999$1,345$881$565$356$43
36 years$1,922$1,276$824$520$323$36
37 years$1,849$1,212$771$479$292$31
38 years$1,781$1,152$722$442$265$26
39 years$1,716$1,095$677$407$240$22
40 years$1,654$1,042$634$376$218$18
41 years$1,596$992$595$347$198$15
42 years$1,541$945$558$320$179$13
43 years$1,488$900$524$295$163$11
44 years$1,438$858$491$273$148$9
45 years$1,390$818$461$252$134$8
46 years$1,344$781$433$233$122$7
47 years$1,301$745$407$215$111$6
48 years$1,259$711$383$199$100$5
49 years$1,219$679$360$183$91$4
50 years$1,181$649$338$170$83$3

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 $5,339 every year, while hoping to spend $26,777 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: 54/40/6 Blend
56$1,210,000$1,210,000$1,210,000$1,210,000
57$1,338,927$1,274,797$1,256,042$1,409,139
58$1,447,007$1,308,772$1,269,629$1,491,160
59$1,565,214$1,343,514$1,282,774$1,576,964
60$1,694,552$1,379,032$1,295,433$1,669,690
61$1,836,128$1,415,336$1,307,561$1,769,998
62$1,991,159$1,452,434$1,319,111$1,878,612
63$2,160,988$1,490,334$1,330,032$1,996,332
64$2,347,091$1,529,043$1,340,270$2,124,035
65$2,551,096$1,568,567$1,349,771$2,262,691
66$2,774,794$1,608,913$1,358,475$2,413,364
67$3,020,160$1,650,086$1,366,320$2,577,227
68$3,289,366$1,692,090$1,373,241$2,755,571
69$3,584,807$1,734,929$1,379,171$2,949,819
70$3,909,121$1,778,604$1,384,037$3,161,536
71$4,265,213$1,823,117$1,387,764$3,392,448
72$4,656,284$1,868,469$1,390,273$3,644,455
73$5,085,858$1,914,657$1,391,480$3,919,647
74$5,557,819$1,961,679$1,391,298$4,220,331
75$6,076,447$2,009,531$1,389,637$4,549,045
76$6,646,454$2,058,208$1,386,399$4,908,585
77$7,273,033$2,107,701$1,381,485$5,302,033
78$7,961,906$2,158,002$1,374,788$5,732,782
79$8,719,375$2,209,098$1,366,198$6,204,572
80$9,552,384$2,260,977$1,355,598$6,721,522
81$10,468,585$2,313,623$1,342,869$7,288,172
82$11,476,407$2,367,017$1,327,881$7,909,522
83$12,585,138$2,421,137$1,310,502$8,591,081
84$13,805,010$2,475,961$1,290,592$9,338,922
85$15,147,299$2,531,462$1,268,005$10,159,733
86$16,624,428$2,587,608$1,242,588$11,060,885
87$18,250,086$2,644,367$1,214,181$12,050,500
88$20,039,355$2,701,701$1,182,616$13,137,527
89$22,008,854$2,759,569$1,147,718$14,331,829
90$24,176,894$2,817,925$1,109,304$15,644,270
91$26,563,654$2,876,720$1,067,182$17,086,827
92$29,191,365$2,935,898$1,021,151$18,672,693
93$32,084,527$2,995,399$971,002$20,416,411
94$35,270,134$3,055,159$916,516$22,334,002
95$38,777,932$3,115,106$857,463$24,443,125
96$42,640,698$3,175,163$793,605$26,763,236
97$46,894,549$3,235,247$724,692$29,315,780
98$51,579,286$3,295,266$650,461$32,124,385
99$56,738,762$3,355,124$570,641$35,215,091
100$62,421,305$3,414,714$484,947$38,616,593