Can I retire at age 57 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$105,701$104,760$103,841$102,944$102,069$99,320
2 years$52,327$51,353$50,408$49,493$48,604$45,854
3 years$34,538$33,560$32,618$31,710$30,837$28,171
4 years$25,646$24,670$23,737$22,846$21,993$19,433
5 years$20,311$19,341$18,421$17,548$16,719$14,272
6 years$16,756$15,794$14,887$14,033$13,229$10,897
7 years$14,218$13,264$12,371$11,537$10,759$8,542
8 years$12,315$11,369$10,492$9,678$8,925$6,823
9 years$10,836$9,899$9,036$8,244$7,516$5,526
10 years$9,653$8,726$7,878$7,106$6,404$4,523
11 years$8,686$7,768$6,936$6,185$5,508$3,733
12 years$7,881$6,972$6,155$5,425$4,773$3,102
13 years$7,200$6,301$5,499$4,789$4,162$2,591
14 years$6,617$5,727$4,941$4,251$3,649$2,173
15 years$6,112$5,232$4,461$3,791$3,212$1,830
16 years$5,671$4,800$4,045$3,395$2,839$1,545
17 years$5,282$4,421$3,681$3,050$2,517$1,307
18 years$4,936$4,085$3,360$2,749$2,238$1,109
19 years$4,628$3,786$3,076$2,484$1,995$942
20 years$4,350$3,518$2,823$2,250$1,782$801
21 years$4,100$3,277$2,596$2,042$1,595$682
22 years$3,872$3,059$2,393$1,856$1,429$582
23 years$3,664$2,861$2,210$1,691$1,283$497
24 years$3,475$2,680$2,043$1,542$1,153$424
25 years$3,300$2,515$1,893$1,408$1,038$362
26 years$3,139$2,364$1,755$1,288$935$310
27 years$2,991$2,225$1,630$1,179$843$265
28 years$2,853$2,097$1,515$1,080$761$227
29 years$2,725$1,978$1,410$990$687$194
30 years$2,606$1,868$1,313$909$621$166
31 years$2,494$1,766$1,225$835$561$142
32 years$2,390$1,671$1,142$767$507$122
33 years$2,292$1,582$1,067$705$459$104
34 years$2,201$1,500$997$649$416$89
35 years$2,114$1,422$932$597$377$77
36 years$2,033$1,350$872$550$341$66
37 years$1,956$1,282$816$507$309$56
38 years$1,884$1,219$764$467$280$48
39 years$1,815$1,159$716$431$254$41
40 years$1,750$1,102$671$397$231$35
41 years$1,688$1,049$629$367$209$30
42 years$1,630$999$590$338$190$26
43 years$1,574$952$554$312$172$22
44 years$1,521$908$520$288$156$19
45 years$1,470$866$488$266$142$16
46 years$1,422$826$458$246$129$14
47 years$1,376$788$431$227$117$12
48 years$1,332$752$405$210$106$10
49 years$1,290$718$380$194$97$9
50 years$1,250$686$358$179$88$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,280,000, adding $3,757 every year, while hoping to spend $34,631 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: 22/50/28 Blend
56$1,280,000$1,280,000$1,280,000$1,280,000
57$1,414,435$1,346,595$1,326,755$1,432,923
58$1,521,861$1,375,731$1,334,355$1,478,742
59$1,639,083$1,405,134$1,341,048$1,524,585
60$1,767,064$1,434,781$1,346,768$1,572,885
61$1,906,865$1,464,645$1,351,444$1,623,865
62$2,059,651$1,494,699$1,355,004$1,677,772
63$2,226,707$1,524,911$1,357,369$1,734,878
64$2,409,448$1,555,249$1,358,457$1,795,485
65$2,609,431$1,585,675$1,358,184$1,859,927
66$2,828,369$1,616,149$1,356,460$1,928,572
67$3,068,152$1,646,630$1,353,191$2,001,830
68$3,330,858$1,677,069$1,348,277$2,080,150
69$3,618,778$1,707,418$1,341,616$2,164,033
70$3,934,432$1,737,620$1,333,100$2,254,029
71$4,280,600$1,767,619$1,322,614$2,350,749
72$4,660,339$1,797,351$1,310,040$2,454,866
73$5,077,020$1,826,747$1,295,253$2,567,126
74$5,534,355$1,855,736$1,278,122$2,688,354
75$6,036,431$1,884,239$1,258,511$2,819,460
76$6,587,752$1,912,172$1,236,276$2,961,449
77$7,193,279$1,939,446$1,211,268$3,115,436
78$7,858,479$1,965,963$1,183,331$3,282,648
79$8,589,370$1,991,622$1,152,299$3,464,445
80$9,392,586$2,016,311$1,118,001$3,662,327
81$10,275,433$2,039,914$1,080,258$3,877,951
82$11,245,962$2,062,305$1,038,881$4,113,150
83$12,313,042$2,083,350$993,676$4,369,947
84$13,486,444$2,102,906$944,435$4,650,576
85$14,776,934$2,120,820$890,946$4,957,506
86$16,196,371$2,136,931$832,983$5,293,463
87$17,757,826$2,151,065$770,312$5,661,455
88$19,475,695$2,163,038$702,689$6,064,807
89$21,365,844$2,172,655$629,857$6,507,189
90$23,445,753$2,179,708$551,550$6,992,651
91$25,734,681$2,183,975$467,488$7,525,668
92$28,253,850$2,185,221$377,380$8,111,175
93$31,026,642$2,183,196$280,922$8,754,623
94$34,078,822$2,177,636$177,796$9,462,028
95$37,438,780$2,168,258$67,670$10,240,029
96$41,137,797$2,154,764$0$11,095,953
97$45,210,342$2,136,837$0$12,052,781
98$49,694,395$2,114,141$0$13,127,084
99$54,631,810$2,086,320$0$14,308,583
100$60,068,701$2,052,996$0$15,608,260