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

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$104,875$103,941$103,030$102,140$101,272$99,308
2 years$51,919$50,952$50,014$49,106$48,225$46,254
3 years$34,269$33,297$32,363$31,463$30,596$28,680
4 years$25,445$24,477$23,552$22,667$21,821$19,975
5 years$20,153$19,190$18,277$17,410$16,588$14,817
6 years$16,625$15,670$14,771$13,923$13,126$11,431
7 years$14,107$13,160$12,274$11,447$10,675$9,057
8 years$12,219$11,281$10,410$9,603$8,856$7,315
9 years$10,751$9,822$8,966$8,179$7,458$5,992
10 years$9,578$8,657$7,817$7,051$6,354$4,963
11 years$8,618$7,707$6,882$6,136$5,465$4,147
12 years$7,819$6,918$6,107$5,382$4,736$3,488
13 years$7,144$6,251$5,456$4,752$4,130$2,951
14 years$6,565$5,682$4,903$4,218$3,620$2,508
15 years$6,064$5,191$4,426$3,762$3,187$2,139
16 years$5,627$4,763$4,013$3,368$2,817$1,831
17 years$5,241$4,386$3,652$3,026$2,498$1,571
18 years$4,898$4,053$3,334$2,727$2,221$1,351
19 years$4,592$3,756$3,052$2,464$1,980$1,164
20 years$4,316$3,491$2,801$2,232$1,768$1,004
21 years$4,068$3,251$2,576$2,026$1,582$868
22 years$3,842$3,035$2,374$1,842$1,418$751
23 years$3,636$2,839$2,192$1,677$1,273$651
24 years$3,447$2,660$2,028$1,530$1,144$564
25 years$3,274$2,496$1,878$1,397$1,030$489
26 years$3,115$2,346$1,742$1,277$928$425
27 years$2,967$2,208$1,617$1,169$836$369
28 years$2,831$2,080$1,503$1,071$755$321
29 years$2,704$1,962$1,399$982$681$279
30 years$2,585$1,853$1,303$902$616$242
31 years$2,475$1,752$1,215$828$557$211
32 years$2,371$1,658$1,134$761$503$184
33 years$2,274$1,570$1,058$700$456$160
34 years$2,183$1,488$989$644$413$139
35 years$2,098$1,411$925$593$374$121
36 years$2,017$1,339$865$546$339$105
37 years$1,941$1,272$810$503$307$92
38 years$1,869$1,209$758$464$278$80
39 years$1,801$1,150$710$427$252$70
40 years$1,736$1,094$666$394$229$61
41 years$1,675$1,041$624$364$208$53
42 years$1,617$992$586$336$188$46
43 years$1,562$945$549$310$171$40
44 years$1,509$901$516$286$155$35
45 years$1,459$859$484$264$141$31
46 years$1,411$819$455$244$128$27
47 years$1,365$782$427$226$116$23
48 years$1,322$746$402$208$105$20
49 years$1,280$713$377$193$96$18
50 years$1,240$681$355$178$87$15

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 $6,728 every year, while hoping to spend $41,197 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: 58/18/24 Blend
56$1,270,000$1,270,000$1,270,000$1,270,000
57$1,406,480$1,339,170$1,319,485$1,478,585
58$1,506,108$1,360,956$1,319,854$1,550,328
59$1,614,517$1,382,429$1,318,855$1,623,531
60$1,732,559$1,403,530$1,316,399$1,702,462
61$1,861,173$1,424,195$1,312,391$1,787,686
62$2,001,389$1,444,358$1,306,733$1,879,826
63$2,154,345$1,463,946$1,299,323$1,979,569
64$2,321,290$1,482,881$1,290,052$2,087,672
65$2,503,600$1,501,080$1,278,807$2,204,971
66$2,702,791$1,518,456$1,265,470$2,332,389
67$2,920,529$1,534,914$1,249,917$2,470,942
68$3,158,651$1,550,353$1,232,018$2,621,755
69$3,419,179$1,564,666$1,211,636$2,786,064
70$3,704,338$1,577,738$1,188,629$2,965,235
71$4,016,581$1,589,447$1,162,848$3,160,777
72$4,358,606$1,599,663$1,134,137$3,374,350
73$4,733,385$1,608,249$1,102,332$3,607,789
74$5,144,194$1,615,057$1,067,264$3,863,115
75$5,594,638$1,619,930$1,028,753$4,142,561
76$6,088,687$1,622,703$986,612$4,448,586
77$6,630,716$1,623,198$940,647$4,783,906
78$7,225,543$1,621,229$890,653$5,151,512
79$7,878,475$1,616,596$836,416$5,554,708
80$8,595,358$1,609,088$777,715$5,997,134
81$9,382,632$1,598,480$714,315$6,482,807
82$10,247,389$1,584,534$645,973$7,016,155
83$11,197,445$1,566,999$572,436$7,602,062
84$12,241,409$1,545,606$493,437$8,245,915
85$13,388,764$1,520,072$408,698$8,953,654
86$14,649,960$1,490,098$317,932$9,731,829
87$16,036,507$1,455,364$220,834$10,587,662
88$17,561,088$1,415,534$117,089$11,529,118
89$19,237,675$1,370,252$6,368$12,564,978
90$21,081,663$1,319,139$0$13,704,926
91$23,110,013$1,261,797$0$14,988,265
92$25,341,412$1,197,802$0$16,401,742
93$27,796,450$1,126,709$0$17,956,798
94$30,497,814$1,048,043$0$19,667,845
95$33,470,500$961,307$0$21,550,764
96$36,742,050$865,970$0$23,623,058
97$40,342,811$761,474$0$25,904,018
98$44,306,222$647,230$0$28,414,904
99$48,669,126$522,615$0$31,179,147
100$53,472,123$386,968$0$34,222,570