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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$104,050$103,123$102,219$101,336$100,474$97,064
2 years$51,510$50,550$49,621$48,719$47,845$44,443
3 years$33,999$33,035$32,108$31,215$30,355$27,069
4 years$25,245$24,284$23,366$22,489$21,649$18,504
5 years$19,994$19,039$18,133$17,273$16,457$13,461
6 years$16,495$15,547$14,654$13,814$13,022$10,177
7 years$13,996$13,056$12,178$11,357$10,591$7,896
8 years$12,123$11,192$10,328$9,527$8,786$6,240
9 years$10,667$9,744$8,895$8,115$7,399$4,999
10 years$9,502$8,589$7,755$6,995$6,304$4,046
11 years$8,551$7,646$6,827$6,088$5,422$3,301
12 years$7,758$6,863$6,059$5,340$4,699$2,710
13 years$7,088$6,202$5,414$4,714$4,097$2,236
14 years$6,514$5,638$4,864$4,185$3,592$1,853
15 years$6,017$5,150$4,392$3,732$3,162$1,540
16 years$5,582$4,725$3,982$3,342$2,795$1,283
17 years$5,199$4,352$3,623$3,003$2,478$1,072
18 years$4,859$4,021$3,307$2,706$2,203$897
19 years$4,555$3,727$3,028$2,445$1,964$752
20 years$4,282$3,463$2,779$2,214$1,754$631
21 years$4,036$3,226$2,556$2,010$1,570$530
22 years$3,811$3,011$2,356$1,827$1,407$445
23 years$3,607$2,816$2,175$1,664$1,263$375
24 years$3,420$2,639$2,012$1,518$1,135$316
25 years$3,248$2,476$1,863$1,386$1,022$266
26 years$3,090$2,327$1,728$1,267$920$224
27 years$2,944$2,190$1,605$1,160$830$189
28 years$2,808$2,064$1,492$1,063$749$159
29 years$2,682$1,947$1,388$975$676$134
30 years$2,565$1,839$1,293$895$611$113
31 years$2,455$1,738$1,205$822$552$96
32 years$2,353$1,645$1,125$755$500$81
33 years$2,256$1,558$1,050$694$452$68
34 years$2,166$1,476$981$639$409$57
35 years$2,081$1,400$917$588$371$49
36 years$2,001$1,329$858$542$336$41
37 years$1,926$1,262$803$499$304$35
38 years$1,854$1,200$752$460$276$29
39 years$1,787$1,141$705$424$250$25
40 years$1,723$1,085$660$391$227$21
41 years$1,662$1,033$619$361$206$18
42 years$1,604$984$581$333$187$15
43 years$1,549$937$545$307$170$13
44 years$1,497$894$512$284$154$11
45 years$1,447$852$480$262$140$9
46 years$1,400$813$451$242$127$8
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$5
50 years$1,230$675$352$177$86$4

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 $5,301 every year, while hoping to spend $33,603 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: 42/30/28 Blend
56$1,260,000$1,260,000$1,260,000$1,260,000
57$1,393,988$1,327,208$1,307,678$1,440,916
58$1,500,421$1,356,488$1,315,732$1,504,481
59$1,616,585$1,386,076$1,322,929$1,569,716
60$1,743,435$1,415,953$1,329,206$1,639,723
61$1,882,026$1,446,095$1,334,495$1,714,965
62$2,033,517$1,476,478$1,338,725$1,795,949
63$2,199,185$1,507,075$1,341,822$1,883,238
64$2,380,436$1,537,856$1,343,707$1,977,448
65$2,578,819$1,568,788$1,344,299$2,079,264
66$2,796,036$1,599,837$1,343,511$2,189,438
67$3,033,967$1,630,964$1,341,254$2,308,801
68$3,294,678$1,662,128$1,337,432$2,438,269
69$3,580,446$1,693,282$1,331,946$2,578,853
70$3,893,777$1,724,379$1,324,693$2,731,669
71$4,237,435$1,755,366$1,315,562$2,897,946
72$4,614,460$1,786,186$1,304,441$3,079,042
73$5,028,203$1,816,777$1,291,207$3,276,453
74$5,482,355$1,847,074$1,275,738$3,491,830
75$5,980,980$1,877,006$1,257,900$3,726,995
76$6,528,557$1,906,496$1,237,556$3,983,957
77$7,130,018$1,935,463$1,214,563$4,264,931
78$7,790,798$1,963,819$1,188,770$4,572,362
79$8,516,884$1,991,470$1,160,018$4,908,945
80$9,314,871$2,018,317$1,128,142$5,277,654
81$10,192,023$2,044,250$1,092,971$5,681,768
82$11,156,347$2,069,156$1,054,323$6,124,904
83$12,216,662$2,092,911$1,012,010$6,611,049
84$13,382,682$2,115,385$965,834$7,144,604
85$14,665,115$2,136,438$915,588$7,730,419
86$16,075,754$2,155,921$861,057$8,373,845
87$17,627,594$2,173,674$802,016$9,080,779
88$19,334,953$2,189,529$738,228$9,857,729
89$21,213,607$2,203,304$669,447$10,711,868
90$23,280,938$2,214,810$595,417$11,651,107
91$25,556,099$2,223,840$515,869$12,684,168
92$28,060,192$2,230,180$430,521$13,820,669
93$30,816,470$2,233,597$339,082$15,071,215
94$33,850,553$2,233,846$241,245$16,447,500
95$37,190,673$2,230,668$136,690$17,962,416
96$40,867,938$2,223,787$25,085$19,630,176
97$44,916,623$2,212,908$0$21,466,454
98$49,374,499$2,197,722$0$23,516,616
99$54,283,185$2,177,897$0$25,781,447
100$59,688,540$2,153,084$0$28,274,559