Can I retire at age 57 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$108,179$107,215$106,275$105,357$104,461$102,943
2 years$53,554$52,556$51,590$50,653$49,743$48,217
3 years$35,348$34,346$33,382$32,454$31,559$30,072
4 years$26,247$25,248$24,294$23,381$22,508$21,072
5 years$20,787$19,795$18,853$17,959$17,110$15,729
6 years$17,149$16,164$15,236$14,362$13,539$12,214
7 years$14,551$13,574$12,661$11,808$11,011$9,743
8 years$12,604$11,636$10,738$9,905$9,135$7,923
9 years$11,090$10,131$9,248$8,437$7,693$6,537
10 years$9,880$8,930$8,063$7,273$6,554$5,455
11 years$8,890$7,950$7,098$6,329$5,637$4,591
12 years$8,066$7,135$6,300$5,552$4,885$3,892
13 years$7,369$6,448$5,628$4,901$4,260$3,319
14 years$6,772$5,861$5,057$4,351$3,734$2,843
15 years$6,255$5,354$4,566$3,880$3,288$2,446
16 years$5,804$4,913$4,140$3,474$2,906$2,111
17 years$5,406$4,524$3,767$3,122$2,576$1,827
18 years$5,052$4,181$3,439$2,813$2,291$1,585
19 years$4,736$3,875$3,148$2,542$2,042$1,377
20 years$4,452$3,600$2,889$2,302$1,824$1,199
21 years$4,196$3,354$2,657$2,089$1,632$1,046
22 years$3,963$3,131$2,449$1,900$1,463$913
23 years$3,750$2,928$2,261$1,730$1,313$799
24 years$3,556$2,743$2,091$1,578$1,180$699
25 years$3,377$2,574$1,937$1,441$1,062$612
26 years$3,213$2,420$1,797$1,318$957$536
27 years$3,061$2,277$1,668$1,206$863$470
28 years$2,920$2,146$1,551$1,105$778$413
29 years$2,789$2,024$1,443$1,013$703$362
30 years$2,667$1,912$1,344$930$635$318
31 years$2,553$1,807$1,253$854$574$280
32 years$2,446$1,710$1,169$785$519$246
33 years$2,346$1,619$1,092$722$470$216
34 years$2,252$1,535$1,020$664$426$190
35 years$2,164$1,456$954$611$385$167
36 years$2,081$1,382$892$563$349$147
37 years$2,002$1,312$835$519$317$129
38 years$1,928$1,247$782$478$287$114
39 years$1,858$1,186$733$441$260$100
40 years$1,791$1,128$687$407$236$88
41 years$1,728$1,074$644$375$214$78
42 years$1,668$1,023$604$346$194$68
43 years$1,611$975$567$320$176$60
44 years$1,556$929$532$295$160$53
45 years$1,505$886$500$273$145$47
46 years$1,455$845$469$252$132$41
47 years$1,408$806$441$233$120$36
48 years$1,363$770$414$215$109$32
49 years$1,320$735$389$199$99$28
50 years$1,279$702$366$184$90$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,310,000, adding $3,391 every year, while hoping to spend $56,411 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: 49/25/26 Blend
56$1,310,000$1,310,000$1,310,000$1,310,000
57$1,447,118$1,377,688$1,357,383$1,507,208
58$1,534,703$1,385,174$1,342,834$1,557,062
59$1,629,331$1,391,136$1,325,908$1,605,308
60$1,731,661$1,395,440$1,306,464$1,656,607
61$1,842,417$1,397,943$1,284,357$1,711,272
62$1,962,395$1,398,494$1,259,435$1,769,652
63$2,092,471$1,396,931$1,231,537$1,832,136
64$2,233,606$1,393,084$1,200,497$1,899,153
65$2,386,860$1,386,771$1,166,140$1,971,181
66$2,553,397$1,377,800$1,128,282$2,048,749
67$2,734,498$1,365,966$1,086,734$2,132,444
68$2,931,571$1,351,053$1,041,294$2,222,915
69$3,146,168$1,332,831$991,754$2,320,886
70$3,379,994$1,311,057$937,894$2,427,153
71$3,634,927$1,285,473$879,488$2,542,602
72$3,913,034$1,255,805$816,295$2,668,215
73$4,216,589$1,221,765$748,067$2,805,075
74$4,548,097$1,183,047$674,542$2,954,385
75$4,910,312$1,139,326$595,449$3,117,476
76$5,306,271$1,090,260$510,503$3,295,819
77$5,739,313$1,035,485$419,407$3,491,044
78$6,213,117$974,618$321,852$3,704,954
79$6,731,733$907,253$217,512$3,939,543
80$7,299,622$832,960$106,051$4,197,015
81$7,921,695$751,287$0$4,479,809
82$8,603,362$661,753$0$4,794,200
83$9,350,578$563,853$0$5,171,221
84$10,169,905$457,049$0$5,584,820
85$11,068,569$340,778$0$6,038,751
86$12,054,528$214,442$0$6,537,154
87$13,136,550$77,410$0$7,084,596
88$14,324,291$0$0$7,686,116
89$15,628,387$0$0$8,366,802
90$17,060,556$0$0$9,137,869
91$18,633,705$0$0$9,984,992
92$20,362,055$0$0$10,915,846
93$22,261,269$0$0$11,938,887
94$24,348,605$0$0$13,063,432
95$26,643,074$0$0$14,299,743
96$29,165,624$0$0$15,659,129
97$31,939,329$0$0$17,154,048
98$34,989,615$0$0$18,798,227
99$38,344,493$0$0$20,606,787
100$42,034,826$0$0$22,596,390