Can I retire at age 57 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$100,746$99,849$98,974$98,119$97,285$96,631
2 years$49,874$48,946$48,045$47,173$46,326$45,667
3 years$32,919$31,987$31,089$30,224$29,391$28,747
4 years$24,443$23,513$22,625$21,775$20,962$20,337
5 years$19,359$18,435$17,558$16,725$15,935$15,332
6 years$15,971$15,053$14,189$13,375$12,609$12,028
7 years$13,552$12,642$11,791$10,996$10,254$9,697
8 years$11,738$10,836$10,000$9,225$8,507$7,972
9 years$10,328$9,435$8,613$7,857$7,164$6,652
10 years$9,201$8,317$7,509$6,773$6,104$5,614
11 years$8,279$7,404$6,611$5,895$5,250$4,781
12 years$7,512$6,645$5,867$5,170$4,549$4,103
13 years$6,863$6,005$5,242$4,565$3,967$3,541
14 years$6,307$5,459$4,710$4,052$3,478$3,072
15 years$5,826$4,987$4,252$3,614$3,062$2,677
16 years$5,405$4,575$3,855$3,236$2,706$2,340
17 years$5,034$4,213$3,508$2,907$2,399$2,053
18 years$4,705$3,893$3,202$2,620$2,133$1,805
19 years$4,411$3,608$2,932$2,367$1,902$1,591
20 years$4,146$3,353$2,691$2,144$1,699$1,405
21 years$3,907$3,123$2,475$1,946$1,520$1,242
22 years$3,690$2,915$2,281$1,769$1,362$1,101
23 years$3,493$2,727$2,106$1,611$1,223$976
24 years$3,312$2,555$1,948$1,470$1,099$867
25 years$3,145$2,398$1,804$1,342$989$771
26 years$2,992$2,253$1,673$1,227$891$686
27 years$2,850$2,121$1,554$1,123$803$610
28 years$2,719$1,998$1,444$1,029$725$544
29 years$2,597$1,885$1,344$944$655$485
30 years$2,483$1,780$1,252$866$591$433
31 years$2,377$1,683$1,167$795$535$386
32 years$2,278$1,592$1,089$731$484$345
33 years$2,185$1,508$1,017$672$438$308
34 years$2,097$1,429$950$619$396$275
35 years$2,015$1,356$888$569$359$246
36 years$1,938$1,287$831$524$325$220
37 years$1,864$1,222$778$483$295$197
38 years$1,795$1,161$728$445$267$176
39 years$1,730$1,104$682$411$242$157
40 years$1,668$1,051$640$379$220$141
41 years$1,609$1,000$600$349$199$126
42 years$1,553$953$563$323$181$113
43 years$1,500$908$528$298$164$101
44 years$1,450$865$495$275$149$90
45 years$1,401$825$465$254$135$81
46 years$1,355$787$437$234$123$72
47 years$1,312$751$411$217$112$65
48 years$1,270$717$386$200$101$58
49 years$1,230$685$363$185$92$52
50 years$1,191$654$341$171$84$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,220,000, adding $4,863 every year, while hoping to spend $46,086 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: 62/21/17 Blend
56$1,220,000$1,220,000$1,220,000$1,220,000
57$1,349,456$1,284,796$1,265,886$1,427,043
58$1,438,066$1,298,716$1,259,258$1,493,768
59$1,534,169$1,311,773$1,250,864$1,560,954
60$1,638,481$1,323,877$1,240,595$1,633,212
61$1,751,789$1,334,931$1,228,338$1,711,041
62$1,874,960$1,344,831$1,213,976$1,794,988
63$2,008,946$1,353,467$1,197,384$1,885,658
64$2,154,794$1,360,723$1,178,432$1,983,719
65$2,313,659$1,366,474$1,156,985$2,089,908
66$2,486,808$1,370,587$1,132,900$2,205,037
67$2,675,639$1,372,923$1,106,029$2,330,004
68$2,881,689$1,373,331$1,076,216$2,465,800
69$3,106,650$1,371,653$1,043,298$2,613,516
70$3,352,385$1,367,720$1,007,104$2,774,358
71$3,620,943$1,361,353$967,457$2,949,657
72$3,914,582$1,352,363$924,170$3,140,880
73$4,235,789$1,340,548$877,049$3,349,649
74$4,587,299$1,325,694$825,889$3,577,748
75$4,972,125$1,307,575$770,479$3,827,152
76$5,393,587$1,285,952$710,595$4,100,034
77$5,855,339$1,260,569$646,006$4,398,796
78$6,361,405$1,231,159$576,469$4,726,085
79$6,916,218$1,197,435$501,730$5,084,823
80$7,524,659$1,159,096$421,525$5,478,231
81$8,192,106$1,115,823$335,577$5,909,866
82$8,924,479$1,067,277$243,598$6,383,648
83$9,728,303$1,013,101$145,286$6,903,903
84$10,610,764$952,916$40,326$7,475,402
85$11,579,775$886,323$0$8,103,407
86$12,644,058$812,898$0$8,806,726
87$13,813,216$732,194$0$9,587,409
88$15,097,832$643,739$0$10,445,258
89$16,509,562$547,034$0$11,388,127
90$18,061,248$441,549$0$12,424,674
91$19,767,040$326,730$0$13,564,444
92$21,642,524$201,985$0$14,817,955
93$23,704,873$66,694$0$16,196,803
94$25,973,009$0$0$17,713,772
95$28,467,777$0$0$19,401,391
96$31,212,145$0$0$21,274,912
97$34,231,419$0$0$23,336,211
98$37,553,482$0$0$25,604,337
99$41,209,055$0$0$28,100,279
100$45,231,988$0$0$30,847,163