Can I retire at age 57 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$104,050$103,123$102,219$101,336$100,474$96,909
2 years$51,510$50,550$49,621$48,719$47,845$44,291
3 years$33,999$33,035$32,108$31,215$30,355$26,924
4 years$25,245$24,284$23,366$22,489$21,649$18,368
5 years$19,994$19,039$18,133$17,273$16,457$13,334
6 years$16,495$15,547$14,654$13,814$13,022$10,059
7 years$13,996$13,056$12,178$11,357$10,591$7,787
8 years$12,123$11,192$10,328$9,527$8,786$6,139
9 years$10,667$9,744$8,895$8,115$7,399$4,906
10 years$9,502$8,589$7,755$6,995$6,304$3,961
11 years$8,551$7,646$6,827$6,088$5,422$3,223
12 years$7,758$6,863$6,059$5,340$4,699$2,639
13 years$7,088$6,202$5,414$4,714$4,097$2,172
14 years$6,514$5,638$4,864$4,185$3,592$1,794
15 years$6,017$5,150$4,392$3,732$3,162$1,487
16 years$5,582$4,725$3,982$3,342$2,795$1,236
17 years$5,199$4,352$3,623$3,003$2,478$1,029
18 years$4,859$4,021$3,307$2,706$2,203$859
19 years$4,555$3,727$3,028$2,445$1,964$717
20 years$4,282$3,463$2,779$2,214$1,754$600
21 years$4,036$3,226$2,556$2,010$1,570$503
22 years$3,811$3,011$2,356$1,827$1,407$421
23 years$3,607$2,816$2,175$1,664$1,263$353
24 years$3,420$2,639$2,012$1,518$1,135$296
25 years$3,248$2,476$1,863$1,386$1,022$249
26 years$3,090$2,327$1,728$1,267$920$209
27 years$2,944$2,190$1,605$1,160$830$176
28 years$2,808$2,064$1,492$1,063$749$148
29 years$2,682$1,947$1,388$975$676$124
30 years$2,565$1,839$1,293$895$611$104
31 years$2,455$1,738$1,205$822$552$88
32 years$2,353$1,645$1,125$755$500$74
33 years$2,256$1,558$1,050$694$452$62
34 years$2,166$1,476$981$639$409$52
35 years$2,081$1,400$917$588$371$44
36 years$2,001$1,329$858$542$336$37
37 years$1,926$1,262$803$499$304$31
38 years$1,854$1,200$752$460$276$26
39 years$1,787$1,141$705$424$250$22
40 years$1,723$1,085$660$391$227$19
41 years$1,662$1,033$619$361$206$16
42 years$1,604$984$581$333$187$13
43 years$1,549$937$545$307$170$11
44 years$1,497$894$512$284$154$9
45 years$1,447$852$480$262$140$8
46 years$1,400$813$451$242$127$7
47 years$1,355$776$424$224$115$6
48 years$1,311$740$398$207$105$5
49 years$1,270$707$374$191$95$4
50 years$1,230$675$352$177$86$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,260,000, adding $4,465 every year, while hoping to spend $39,247 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: 41/33/26 Blend
56$1,260,000$1,260,000$1,260,000$1,260,000
57$1,393,126$1,326,346$1,306,816$1,439,430
58$1,493,466$1,349,578$1,308,835$1,496,444
59$1,602,726$1,372,634$1,309,608$1,554,086
60$1,721,773$1,395,462$1,309,049$1,615,716
61$1,851,563$1,418,009$1,307,072$1,681,726
62$1,993,149$1,440,218$1,303,584$1,752,544
63$2,147,687$1,462,025$1,298,491$1,828,647
64$2,316,452$1,483,365$1,291,692$1,910,561
65$2,500,847$1,504,167$1,283,080$1,998,867
66$2,702,415$1,524,353$1,272,545$2,094,206
67$2,922,858$1,543,843$1,259,972$2,197,287
68$3,164,047$1,562,548$1,245,238$2,308,893
69$3,428,043$1,580,377$1,228,218$2,429,890
70$3,717,117$1,597,229$1,208,776$2,561,232
71$4,033,768$1,612,998$1,186,775$2,703,975
72$4,380,749$1,627,572$1,162,069$2,859,286
73$4,761,091$1,640,828$1,134,504$3,028,449
74$5,178,134$1,652,640$1,103,921$3,212,888
75$5,635,554$1,662,870$1,070,153$3,414,172
76$6,137,403$1,671,373$1,033,026$3,634,032
77$6,688,141$1,677,994$992,355$3,874,384
78$7,292,684$1,682,568$947,951$4,137,338
79$7,956,443$1,684,920$899,614$4,425,226
80$8,685,384$1,684,864$847,134$4,740,624
81$9,486,074$1,682,203$790,294$5,086,370
82$10,365,750$1,676,728$728,865$5,465,602
83$11,332,384$1,668,215$662,610$5,881,781
84$12,394,758$1,656,429$591,278$6,338,726
85$13,562,549$1,641,119$514,611$6,840,653
86$14,846,415$1,622,020$432,337$7,392,213
87$16,258,101$1,598,850$344,172$7,998,538
88$17,810,545$1,571,312$249,820$8,665,293
89$19,518,004$1,539,089$148,971$9,398,726
90$21,396,182$1,501,847$41,304$10,205,731
91$23,462,387$1,459,231$0$11,093,913
92$25,735,683$1,410,866$0$12,092,082
93$28,237,080$1,356,356$0$13,202,630
94$30,989,725$1,295,280$0$14,424,401
95$34,019,123$1,227,194$0$15,768,762
96$37,353,374$1,151,628$0$17,248,248
97$41,023,445$1,068,085$0$18,876,676
98$45,063,454$976,039$0$20,669,278
99$49,510,996$874,934$0$22,642,849
100$54,407,496$764,184$0$24,815,899