Can I retire at age 57 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$106,527$105,578$104,652$103,749$102,866$99,020
2 years$52,736$51,754$50,802$49,879$48,984$45,153
3 years$34,808$33,822$32,872$31,958$31,077$27,382
4 years$25,846$24,863$23,923$23,024$22,165$18,633
5 years$20,470$19,493$18,565$17,685$16,849$13,491
6 years$16,887$15,917$15,003$14,143$13,332$10,149
7 years$14,329$13,367$12,468$11,627$10,843$7,834
8 years$12,411$11,458$10,574$9,754$8,995$6,158
9 years$10,921$9,976$9,107$8,308$7,575$4,906
10 years$9,729$8,794$7,940$7,162$6,454$3,949
11 years$8,754$7,829$6,990$6,233$5,551$3,203
12 years$7,943$7,026$6,203$5,467$4,810$2,614
13 years$7,256$6,350$5,542$4,827$4,195$2,143
14 years$6,669$5,772$4,980$4,284$3,677$1,765
15 years$6,160$5,273$4,496$3,821$3,238$1,457
16 years$5,715$4,838$4,076$3,421$2,861$1,207
17 years$5,323$4,455$3,709$3,074$2,537$1,001
18 years$4,975$4,117$3,386$2,770$2,256$832
19 years$4,664$3,815$3,100$2,503$2,011$693
20 years$4,384$3,545$2,845$2,267$1,796$577
21 years$4,132$3,302$2,617$2,058$1,607$482
22 years$3,902$3,083$2,412$1,871$1,441$402
23 years$3,693$2,883$2,227$1,704$1,293$336
24 years$3,502$2,701$2,059$1,554$1,162$281
25 years$3,326$2,535$1,907$1,419$1,046$235
26 years$3,164$2,383$1,769$1,298$942$196
27 years$3,014$2,242$1,643$1,188$849$164
28 years$2,875$2,113$1,527$1,088$766$138
29 years$2,746$1,993$1,421$998$692$115
30 years$2,626$1,882$1,324$916$625$96
31 years$2,514$1,780$1,234$841$565$81
32 years$2,409$1,684$1,151$773$511$68
33 years$2,310$1,595$1,075$711$463$57
34 years$2,218$1,511$1,004$654$419$47
35 years$2,131$1,433$939$602$380$40
36 years$2,049$1,361$879$555$344$33
37 years$1,971$1,292$822$511$312$28
38 years$1,898$1,228$770$471$283$23
39 years$1,829$1,168$721$434$256$20
40 years$1,764$1,111$676$400$232$16
41 years$1,701$1,058$634$370$211$14
42 years$1,642$1,007$595$341$191$12
43 years$1,586$960$558$315$174$10
44 years$1,533$915$524$291$158$8
45 years$1,482$872$492$268$143$7
46 years$1,433$832$462$248$130$6
47 years$1,387$794$434$229$118$5
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,290,000, adding $2,698 every year, while hoping to spend $25,948 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: 58/35/7 Blend
56$1,290,000$1,290,000$1,290,000$1,290,000
57$1,424,363$1,355,993$1,335,998$1,504,683
58$1,542,040$1,394,828$1,353,145$1,597,786
59$1,670,849$1,434,697$1,369,998$1,696,041
60$1,811,901$1,475,622$1,386,517$1,802,487
61$1,966,414$1,517,626$1,402,665$1,917,909
62$2,135,734$1,560,735$1,418,400$2,043,172
63$2,321,339$1,604,972$1,433,676$2,179,227
64$2,524,860$1,650,360$1,448,449$2,327,123
65$2,748,093$1,696,925$1,462,670$2,488,012
66$2,993,016$1,744,692$1,476,286$2,663,165
67$3,261,806$1,793,684$1,489,244$2,853,977
68$3,556,863$1,843,927$1,501,486$3,061,988
69$3,880,829$1,895,446$1,512,953$3,288,893
70$4,236,617$1,948,266$1,523,580$3,536,556
71$4,627,434$2,002,413$1,533,302$3,807,033
72$5,056,813$2,057,912$1,542,048$4,102,586
73$5,528,645$2,114,787$1,549,744$4,425,707
74$6,047,220$2,173,064$1,556,313$4,779,140
75$6,617,261$2,232,769$1,561,674$5,165,908
76$7,243,972$2,293,925$1,565,741$5,589,341
77$7,933,088$2,356,559$1,568,425$6,053,106
78$8,690,927$2,420,694$1,569,630$6,561,243
79$9,524,448$2,486,354$1,569,259$7,118,204
80$10,441,320$2,553,564$1,567,208$7,728,891
81$11,449,992$2,622,346$1,563,367$8,398,705
82$12,559,774$2,692,724$1,557,623$9,133,596
83$13,780,923$2,764,719$1,549,855$9,940,121
84$15,124,741$2,838,355$1,539,939$10,825,502
85$16,603,681$2,913,650$1,527,743$11,797,697
86$18,231,463$2,990,626$1,513,129$12,865,472
87$20,023,207$3,069,301$1,495,954$14,038,489
88$21,995,570$3,149,693$1,476,065$15,327,391
89$24,166,910$3,231,819$1,453,304$16,743,904
90$26,557,452$3,315,695$1,427,507$18,300,950
91$29,189,482$3,401,335$1,398,499$20,012,767
92$32,087,560$3,488,751$1,366,099$21,895,044
93$35,278,746$3,577,954$1,330,118$23,965,066
94$38,792,857$3,668,953$1,290,356$26,241,881
95$42,662,751$3,761,755$1,246,606$28,746,479
96$46,924,635$3,856,364$1,198,651$31,501,987
97$51,618,405$3,952,783$1,146,263$34,533,890
98$56,788,025$4,051,012$1,089,205$37,870,270
99$62,481,938$4,151,047$1,027,228$41,542,072
100$68,753,530$4,252,881$960,074$45,583,397