Can I retire at age 57 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$104,875$103,941$103,030$102,140$101,272$99,349
2 years$51,919$50,952$50,014$49,106$48,225$46,295
3 years$34,269$33,297$32,363$31,463$30,596$28,719
4 years$25,445$24,477$23,552$22,667$21,821$20,012
5 years$20,153$19,190$18,277$17,410$16,588$14,852
6 years$16,625$15,670$14,771$13,923$13,126$11,464
7 years$14,107$13,160$12,274$11,447$10,675$9,089
8 years$12,219$11,281$10,410$9,603$8,856$7,345
9 years$10,751$9,822$8,966$8,179$7,458$6,020
10 years$9,578$8,657$7,817$7,051$6,354$4,990
11 years$8,618$7,707$6,882$6,136$5,465$4,171
12 years$7,819$6,918$6,107$5,382$4,736$3,511
13 years$7,144$6,251$5,456$4,752$4,130$2,972
14 years$6,565$5,682$4,903$4,218$3,620$2,528
15 years$6,064$5,191$4,426$3,762$3,187$2,158
16 years$5,627$4,763$4,013$3,368$2,817$1,848
17 years$5,241$4,386$3,652$3,026$2,498$1,587
18 years$4,898$4,053$3,334$2,727$2,221$1,365
19 years$4,592$3,756$3,052$2,464$1,980$1,177
20 years$4,316$3,491$2,801$2,232$1,768$1,017
21 years$4,068$3,251$2,576$2,026$1,582$879
22 years$3,842$3,035$2,374$1,842$1,418$762
23 years$3,636$2,839$2,192$1,677$1,273$660
24 years$3,447$2,660$2,028$1,530$1,144$573
25 years$3,274$2,496$1,878$1,397$1,030$497
26 years$3,115$2,346$1,742$1,277$928$432
27 years$2,967$2,208$1,617$1,169$836$376
28 years$2,831$2,080$1,503$1,071$755$327
29 years$2,704$1,962$1,399$982$681$284
30 years$2,585$1,853$1,303$902$616$247
31 years$2,475$1,752$1,215$828$557$215
32 years$2,371$1,658$1,134$761$503$188
33 years$2,274$1,570$1,058$700$456$163
34 years$2,183$1,488$989$644$413$142
35 years$2,098$1,411$925$593$374$124
36 years$2,017$1,339$865$546$339$108
37 years$1,941$1,272$810$503$307$94
38 years$1,869$1,209$758$464$278$82
39 years$1,801$1,150$710$427$252$72
40 years$1,736$1,094$666$394$229$63
41 years$1,675$1,041$624$364$208$55
42 years$1,617$992$586$336$188$48
43 years$1,562$945$549$310$171$41
44 years$1,509$901$516$286$155$36
45 years$1,459$859$484$264$141$32
46 years$1,411$819$455$244$128$28
47 years$1,365$782$427$226$116$24
48 years$1,322$746$402$208$105$21
49 years$1,280$713$377$193$96$18
50 years$1,240$681$355$178$87$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,270,000, adding $2,727 every year, while hoping to spend $24,849 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: 57/27/16 Blend
56$1,270,000$1,270,000$1,270,000$1,270,000
57$1,402,353$1,335,043$1,315,358$1,476,290
58$1,518,954$1,374,021$1,332,983$1,565,730
59$1,646,615$1,414,076$1,350,366$1,660,203
60$1,786,439$1,455,235$1,367,472$1,762,583
61$1,939,638$1,497,524$1,384,266$1,873,637
62$2,107,550$1,540,971$1,400,707$1,994,203
63$2,291,646$1,585,605$1,416,757$2,125,209
64$2,493,548$1,631,453$1,432,372$2,267,674
65$2,715,040$1,678,544$1,447,506$2,422,719
66$2,958,089$1,726,909$1,462,113$2,591,582
67$3,224,863$1,776,575$1,476,142$2,775,621
68$3,517,746$1,827,575$1,489,540$2,976,337
69$3,839,367$1,879,937$1,502,251$3,195,380
70$4,192,623$1,933,694$1,514,217$3,434,568
71$4,580,702$1,988,877$1,525,375$3,695,904
72$5,007,119$2,045,517$1,535,660$3,981,592
73$5,475,745$2,103,647$1,545,004$4,294,062
74$5,990,844$2,163,299$1,553,335$4,635,992
75$6,557,116$2,224,506$1,560,578$5,010,328
76$7,179,736$2,287,302$1,566,652$5,420,319
77$7,864,408$2,351,719$1,571,473$5,869,542
78$8,617,415$2,417,791$1,574,955$6,361,941
79$9,445,681$2,485,551$1,577,006$6,901,857
80$10,356,832$2,555,035$1,577,527$7,494,077
81$11,359,273$2,626,276$1,576,418$8,143,870
82$12,462,263$2,699,308$1,573,573$8,857,047
83$13,676,005$2,774,165$1,568,878$9,640,007
84$15,011,740$2,850,882$1,562,219$10,499,802
85$16,481,856$2,929,493$1,553,471$11,444,202
86$18,099,998$3,010,031$1,542,505$12,481,767
87$19,881,207$3,092,532$1,529,188$13,621,932
88$21,842,051$3,177,027$1,513,377$14,875,091
89$24,000,790$3,263,551$1,494,925$16,252,699
90$26,377,543$3,352,137$1,473,677$17,767,375
91$28,994,477$3,442,816$1,449,470$19,433,029
92$31,876,020$3,535,621$1,422,134$21,264,985
93$35,049,091$3,630,583$1,391,492$23,280,130
94$38,543,349$3,727,732$1,357,357$25,497,073
95$42,391,477$3,827,098$1,319,536$27,936,321
96$46,629,491$3,928,709$1,277,823$30,620,470
97$51,297,076$4,032,593$1,232,007$33,574,421
98$56,437,963$4,138,775$1,181,865$36,825,614
99$62,100,340$4,247,280$1,127,163$40,404,288
100$68,337,310$4,358,132$1,067,658$44,343,763