Can I retire at age 57 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$109,004$108,033$107,086$106,161$105,259$104,116
2 years$53,963$52,958$51,984$51,039$50,123$48,973
3 years$35,618$34,608$33,637$32,701$31,800$30,678
4 years$26,447$25,441$24,479$23,559$22,680$21,594
5 years$20,946$19,946$18,997$18,096$17,241$16,195
6 years$17,280$16,287$15,352$14,471$13,642$12,637
7 years$14,662$13,678$12,758$11,898$11,095$10,131
8 years$12,700$11,725$10,820$9,981$9,204$8,282
9 years$11,175$10,208$9,319$8,501$7,751$6,870
10 years$9,955$8,998$8,124$7,328$6,604$5,763
11 years$8,958$8,011$7,153$6,378$5,680$4,878
12 years$8,127$7,190$6,348$5,594$4,922$4,159
13 years$7,425$6,498$5,671$4,939$4,292$3,567
14 years$6,824$5,906$5,096$4,384$3,763$3,075
15 years$6,303$5,395$4,601$3,910$3,313$2,661
16 years$5,848$4,950$4,171$3,501$2,928$2,311
17 years$5,447$4,559$3,796$3,146$2,596$2,012
18 years$5,091$4,213$3,465$2,835$2,308$1,757
19 years$4,772$3,904$3,172$2,561$2,057$1,537
20 years$4,486$3,628$2,911$2,320$1,838$1,348
21 years$4,228$3,379$2,678$2,105$1,645$1,183
22 years$3,993$3,154$2,468$1,914$1,474$1,040
23 years$3,779$2,950$2,279$1,743$1,323$916
24 years$3,583$2,764$2,107$1,590$1,189$807
25 years$3,403$2,594$1,952$1,452$1,070$712
26 years$3,237$2,438$1,810$1,328$964$628
27 years$3,084$2,294$1,681$1,215$869$555
28 years$2,942$2,162$1,563$1,114$784$491
29 years$2,810$2,040$1,454$1,021$708$434
30 years$2,687$1,926$1,355$937$640$384
31 years$2,572$1,821$1,263$861$579$340
32 years$2,465$1,723$1,178$791$523$301
33 years$2,364$1,632$1,100$727$474$267
34 years$2,269$1,546$1,028$669$429$236
35 years$2,180$1,467$961$616$388$209
36 years$2,096$1,392$899$567$352$186
37 years$2,017$1,322$841$523$319$165
38 years$1,943$1,257$788$482$289$146
39 years$1,872$1,195$738$444$262$129
40 years$1,805$1,137$692$410$238$115
41 years$1,741$1,082$649$378$216$102
42 years$1,681$1,031$609$349$196$90
43 years$1,623$982$571$322$178$80
44 years$1,568$936$536$297$161$71
45 years$1,516$893$503$275$146$63
46 years$1,466$852$473$254$133$56
47 years$1,419$813$444$234$121$50
48 years$1,374$776$417$217$110$44
49 years$1,330$741$392$200$100$39
50 years$1,289$708$369$185$90$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,320,000, adding $6,342 every year, while hoping to spend $56,205 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: 43/48/9 Blend
56$1,320,000$1,320,000$1,320,000$1,320,000
57$1,461,182$1,391,222$1,370,762$1,519,944
58$1,550,421$1,399,590$1,356,881$1,569,824
59$1,646,878$1,406,484$1,340,651$1,617,626
60$1,751,231$1,411,774$1,321,934$1,668,133
61$1,864,224$1,415,318$1,300,586$1,721,616
62$1,986,674$1,416,968$1,276,455$1,778,373
63$2,119,482$1,416,567$1,249,384$1,838,735
64$2,263,637$1,413,946$1,219,205$1,903,072
65$2,420,226$1,408,928$1,185,747$1,971,795
66$2,590,448$1,401,323$1,148,828$2,045,357
67$2,775,617$1,390,932$1,108,257$2,124,265
68$2,977,183$1,377,541$1,063,837$2,209,081
69$3,196,741$1,360,925$1,015,360$2,300,425
70$3,436,043$1,340,845$962,610$2,398,991
71$3,697,022$1,317,049$905,360$2,505,543
72$3,981,801$1,289,267$843,372$2,620,933
73$4,292,719$1,257,216$776,400$2,746,101
74$4,632,352$1,220,594$704,184$2,882,094
75$5,003,533$1,179,085$626,456$3,030,069
76$5,409,382$1,132,349$542,931$3,191,308
77$5,853,337$1,080,032$453,317$3,367,234
78$6,339,179$1,021,755$357,305$3,559,420
79$6,871,074$957,120$254,574$3,769,610
80$7,453,610$885,705$144,788$3,999,734
81$8,091,837$807,064$27,597$4,251,929
82$8,791,319$720,724$0$4,528,559
83$9,558,183$626,189$0$4,841,602
84$10,399,177$522,931$0$5,188,031
85$11,321,733$410,395$0$5,568,433
86$12,334,037$287,992$0$5,986,393
87$13,445,108$155,103$0$6,445,871
88$14,664,877$11,071$0$6,951,243
89$16,004,286$0$0$7,507,346
90$17,475,388$0$0$8,196,002
91$19,091,460$0$0$8,959,121
92$20,867,130$0$0$9,797,781
93$22,818,511$0$0$10,719,618
94$24,963,355$0$0$11,733,039
95$27,321,219$0$0$12,847,310
96$29,913,652$0$0$14,072,637
97$32,764,391$0$0$15,420,268
98$35,899,591$0$0$16,902,591
99$39,348,068$0$0$18,533,260
100$43,141,572$0$0$20,327,315