Can I retire at age 57 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$107,353$106,397$105,464$104,553$103,664$102,368
2 years$53,145$52,155$51,196$50,266$49,364$48,060
3 years$35,078$34,084$33,127$32,206$31,318$30,047
4 years$26,046$25,055$24,108$23,202$22,337$21,108
5 years$20,629$19,644$18,709$17,822$16,980$15,797
6 years$17,018$16,041$15,120$14,252$13,436$12,300
7 years$14,440$13,471$12,564$11,718$10,927$9,839
8 years$12,508$11,547$10,656$9,830$9,065$8,024
9 years$11,005$10,054$9,178$8,373$7,634$6,641
10 years$9,804$8,862$8,001$7,217$6,504$5,558
11 years$8,822$7,889$7,044$6,281$5,594$4,693
12 years$8,004$7,081$6,252$5,509$4,848$3,991
13 years$7,313$6,399$5,585$4,864$4,227$3,414
14 years$6,720$5,817$5,018$4,318$3,706$2,935
15 years$6,208$5,314$4,531$3,851$3,263$2,533
16 years$5,759$4,875$4,108$3,448$2,884$2,193
17 years$5,364$4,490$3,738$3,098$2,557$1,905
18 years$5,014$4,149$3,412$2,792$2,273$1,658
19 years$4,700$3,845$3,124$2,523$2,026$1,447
20 years$4,418$3,573$2,867$2,285$1,810$1,265
21 years$4,164$3,328$2,637$2,074$1,620$1,107
22 years$3,932$3,107$2,430$1,885$1,452$970
23 years$3,722$2,906$2,244$1,717$1,303$852
24 years$3,529$2,722$2,075$1,566$1,171$748
25 years$3,352$2,555$1,922$1,430$1,054$658
26 years$3,188$2,401$1,783$1,308$949$579
27 years$3,037$2,260$1,655$1,197$856$510
28 years$2,897$2,129$1,539$1,097$772$449
29 years$2,767$2,009$1,432$1,006$697$396
30 years$2,646$1,897$1,334$923$630$349
31 years$2,533$1,793$1,244$848$570$308
32 years$2,427$1,697$1,160$779$515$272
33 years$2,328$1,607$1,083$716$466$240
34 years$2,235$1,523$1,012$659$422$212
35 years$2,147$1,445$946$607$382$187
36 years$2,065$1,371$885$559$347$165
37 years$1,987$1,302$829$515$314$146
38 years$1,913$1,238$776$475$285$129
39 years$1,843$1,177$727$438$258$114
40 years$1,777$1,120$681$404$234$101
41 years$1,715$1,066$639$372$212$89
42 years$1,655$1,015$599$344$193$79
43 years$1,598$967$562$317$175$70
44 years$1,545$922$528$293$159$62
45 years$1,493$879$496$271$144$55
46 years$1,444$839$466$250$131$48
47 years$1,398$800$437$231$119$43
48 years$1,353$764$411$213$108$38
49 years$1,310$730$386$197$98$33
50 years$1,269$697$363$182$89$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,300,000, adding $4,024 every year, while hoping to spend $45,138 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: 63/21/16 Blend
56$1,300,000$1,300,000$1,300,000$1,300,000
57$1,436,751$1,367,851$1,347,701$1,521,327
58$1,535,273$1,386,849$1,344,822$1,597,605
59$1,642,331$1,405,265$1,340,334$1,675,367
60$1,758,749$1,423,023$1,334,136$1,759,203
61$1,885,432$1,440,042$1,326,120$1,849,706
62$2,023,377$1,456,234$1,316,175$1,947,531
63$2,173,679$1,471,507$1,304,185$2,053,398
64$2,337,545$1,485,762$1,290,026$2,168,104
65$2,516,303$1,498,893$1,273,570$2,292,526
66$2,711,415$1,510,788$1,254,684$2,427,632
67$2,924,490$1,521,327$1,233,226$2,574,489
68$3,157,298$1,530,382$1,209,050$2,734,275
69$3,411,790$1,537,818$1,182,000$2,908,289
70$3,690,112$1,543,491$1,151,916$3,097,962
71$3,994,627$1,547,247$1,118,630$3,304,873
72$4,327,940$1,548,922$1,081,965$3,530,766
73$4,692,915$1,548,344$1,041,736$3,777,560
74$5,092,708$1,545,329$997,750$4,047,376
75$5,530,796$1,539,682$949,806$4,342,549
76$6,011,005$1,531,194$897,692$4,665,656
77$6,537,552$1,519,647$841,189$5,019,541
78$7,115,079$1,504,807$780,066$5,407,337
79$7,748,701$1,486,426$714,083$5,832,500
80$8,444,051$1,464,244$642,987$6,298,842
81$9,207,334$1,437,981$566,516$6,810,568
82$10,045,384$1,407,344$484,396$7,372,311
83$10,965,731$1,372,021$396,341$7,989,183
84$11,976,668$1,331,683$302,051$8,666,821
85$13,087,332$1,285,980$201,214$9,411,439
86$14,307,789$1,234,542$93,504$10,229,890
87$15,649,127$1,176,978$0$11,129,731
88$17,123,563$1,112,875$0$12,122,955
89$18,744,556$1,041,795$0$13,232,359
90$20,526,933$963,276$0$14,452,157
91$22,487,031$876,827$0$15,793,582
92$24,642,850$781,933$0$17,269,017
93$27,014,219$678,046$0$18,892,107
94$29,622,989$564,590$0$20,677,896
95$32,493,232$440,954$0$22,642,960
96$35,651,475$306,493$0$24,805,574
97$39,126,942$160,528$0$27,185,877
98$42,951,836$2,340$0$29,806,067
99$47,161,638$0$0$32,690,611
100$51,795,445$0$0$35,905,487