Can I retire at age 57 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$103,224$102,304$101,407$100,532$99,677$96,602
2 years$51,101$50,149$49,227$48,333$47,465$44,394
3 years$33,729$32,773$31,853$30,967$30,114$27,143
4 years$25,045$24,092$23,181$22,310$21,477$18,630
5 years$19,835$18,888$17,989$17,136$16,327$13,610
6 years$16,364$15,424$14,538$13,704$12,919$10,335
7 years$13,885$12,953$12,081$11,267$10,506$8,055
8 years$12,027$11,103$10,246$9,451$8,716$6,396
9 years$10,582$9,667$8,825$8,051$7,340$5,149
10 years$9,427$8,521$7,694$6,940$6,254$4,189
11 years$8,483$7,586$6,773$6,040$5,379$3,435
12 years$7,696$6,809$6,011$5,298$4,661$2,835
13 years$7,031$6,153$5,371$4,677$4,065$2,352
14 years$6,462$5,593$4,825$4,152$3,563$1,960
15 years$5,969$5,109$4,357$3,703$3,137$1,638
16 years$5,538$4,688$3,950$3,315$2,773$1,373
17 years$5,158$4,317$3,594$2,979$2,458$1,154
18 years$4,821$3,989$3,281$2,684$2,186$971
19 years$4,519$3,697$3,004$2,426$1,948$819
20 years$4,248$3,436$2,757$2,197$1,740$691
21 years$4,004$3,200$2,536$1,994$1,557$584
22 years$3,781$2,987$2,337$1,813$1,396$494
23 years$3,579$2,794$2,158$1,651$1,253$418
24 years$3,393$2,618$1,996$1,506$1,126$355
25 years$3,223$2,457$1,848$1,375$1,014$301
26 years$3,066$2,309$1,714$1,257$913$255
27 years$2,921$2,173$1,592$1,151$823$216
28 years$2,786$2,047$1,480$1,054$743$184
29 years$2,661$1,931$1,377$967$671$156
30 years$2,544$1,824$1,283$887$606$132
31 years$2,436$1,724$1,196$815$548$112
32 years$2,334$1,632$1,116$749$496$95
33 years$2,239$1,545$1,042$689$448$81
34 years$2,149$1,464$973$634$406$69
35 years$2,065$1,389$910$583$368$59
36 years$1,985$1,318$851$537$333$50
37 years$1,910$1,252$797$495$302$42
38 years$1,840$1,190$746$456$274$36
39 years$1,772$1,132$699$421$248$31
40 years$1,709$1,077$655$388$225$26
41 years$1,649$1,025$614$358$204$22
42 years$1,591$976$576$330$185$19
43 years$1,537$930$541$305$168$16
44 years$1,485$886$508$282$153$14
45 years$1,436$845$477$260$139$12
46 years$1,389$806$448$240$126$10
47 years$1,344$770$421$222$114$8
48 years$1,301$735$395$205$104$7
49 years$1,260$702$372$190$94$6
50 years$1,220$670$349$175$86$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,250,000, adding $4,009 every year, while hoping to spend $35,635 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: 47/40/13 Blend
56$1,250,000$1,250,000$1,250,000$1,250,000
57$1,381,635$1,315,385$1,296,010$1,441,368
58$1,484,647$1,341,924$1,301,511$1,509,620
59$1,596,971$1,368,568$1,306,002$1,579,666
60$1,719,520$1,395,287$1,309,412$1,654,897
61$1,853,299$1,422,043$1,311,664$1,735,807
62$1,999,412$1,448,800$1,312,682$1,822,944
63$2,159,077$1,475,516$1,312,382$1,916,907
64$2,333,633$1,502,146$1,310,676$2,018,362
65$2,524,555$1,528,643$1,307,476$2,128,039
66$2,733,467$1,554,954$1,302,683$2,246,746
67$2,962,158$1,581,024$1,296,200$2,375,372
68$3,212,596$1,606,792$1,287,921$2,514,897
69$3,486,950$1,632,194$1,277,736$2,666,404
70$3,787,608$1,657,161$1,265,529$2,831,084
71$4,117,201$1,681,618$1,251,181$3,010,252
72$4,478,624$1,705,487$1,234,565$3,205,359
73$4,875,070$1,728,681$1,215,548$3,418,004
74$5,310,050$1,751,110$1,193,993$3,649,950
75$5,787,438$1,772,677$1,169,753$3,903,141
76$6,311,495$1,793,276$1,142,679$4,179,723
77$6,886,918$1,812,798$1,112,610$4,482,059
78$7,518,882$1,831,123$1,079,380$4,812,758
79$8,213,086$1,848,126$1,042,817$5,174,695
80$8,975,807$1,863,671$1,002,738$5,571,042
81$9,813,963$1,877,614$958,954$6,005,294
82$10,735,174$1,889,804$911,265$6,481,309
83$11,747,834$1,900,076$859,465$7,003,338
84$12,861,192$1,908,259$803,336$7,576,069
85$14,085,438$1,914,168$742,651$8,204,673
86$15,431,797$1,917,607$677,175$8,894,851
87$16,912,639$1,918,368$606,659$9,652,888
88$18,541,590$1,916,231$530,844$10,485,715
89$20,333,667$1,910,960$449,462$11,400,975
90$22,305,411$1,902,308$362,230$12,407,095
91$24,475,052$1,890,009$268,853$13,513,364
92$26,862,672$1,873,785$169,024$14,730,026
93$29,490,401$1,853,337$62,423$16,068,377
94$32,382,622$1,828,351$0$17,540,866
95$35,566,202$1,798,492$0$19,168,346
96$39,070,745$1,763,408$0$20,968,532
97$42,928,870$1,722,724$0$22,949,496
98$47,176,520$1,676,043$0$25,129,686
99$51,853,301$1,622,945$0$27,529,441
100$57,002,854$1,562,986$0$30,171,175