Can I retire at age 57 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$109,830$108,852$107,897$106,966$106,056$103,787
2 years$54,371$53,359$52,377$51,426$50,503$48,228
3 years$35,888$34,871$33,892$32,949$32,041$29,832
4 years$26,647$25,634$24,664$23,738$22,852$20,725
5 years$21,105$20,097$19,141$18,233$17,372$15,332
6 years$17,411$16,411$15,468$14,581$13,746$11,797
7 years$14,773$13,782$12,854$11,988$11,179$9,321
8 years$12,796$11,813$10,902$10,056$9,274$7,506
9 years$11,259$10,286$9,389$8,566$7,810$6,130
10 years$10,030$9,066$8,186$7,384$6,655$5,062
11 years$9,026$8,071$7,207$6,426$5,723$4,216
12 years$8,189$7,244$6,396$5,637$4,960$3,535
13 years$7,481$6,547$5,714$4,976$4,325$2,980
14 years$6,876$5,951$5,134$4,417$3,791$2,524
15 years$6,351$5,436$4,636$3,939$3,338$2,146
16 years$5,892$4,988$4,203$3,527$2,950$1,830
17 years$5,488$4,593$3,824$3,169$2,616$1,564
18 years$5,129$4,244$3,491$2,856$2,326$1,340
19 years$4,809$3,934$3,196$2,581$2,073$1,151
20 years$4,520$3,655$2,933$2,337$1,852$989
21 years$4,260$3,405$2,698$2,121$1,657$852
22 years$4,023$3,178$2,487$1,929$1,485$734
23 years$3,808$2,973$2,296$1,757$1,333$633
24 years$3,610$2,785$2,123$1,602$1,198$547
25 years$3,429$2,614$1,967$1,463$1,078$473
26 years$3,262$2,457$1,824$1,338$971$409
27 years$3,107$2,312$1,694$1,225$876$354
28 years$2,964$2,178$1,574$1,122$790$306
29 years$2,831$2,055$1,465$1,029$714$265
30 years$2,707$1,941$1,365$944$645$229
31 years$2,592$1,835$1,272$867$583$199
32 years$2,483$1,736$1,187$797$527$172
33 years$2,382$1,644$1,108$733$477$149
34 years$2,287$1,558$1,036$674$432$129
35 years$2,197$1,478$968$621$391$112
36 years$2,112$1,403$906$572$355$97
37 years$2,033$1,332$848$527$321$84
38 years$1,957$1,266$794$486$291$73
39 years$1,886$1,204$744$448$264$64
40 years$1,818$1,146$697$413$240$55
41 years$1,754$1,090$654$381$217$48
42 years$1,693$1,038$613$352$197$42
43 years$1,635$989$575$325$179$36
44 years$1,580$943$540$300$163$31
45 years$1,528$899$507$277$148$27
46 years$1,478$858$476$256$134$24
47 years$1,430$819$448$236$122$20
48 years$1,384$782$421$218$110$18
49 years$1,340$746$395$202$100$15
50 years$1,299$713$372$186$91$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,330,000, adding $2,750 every year, while hoping to spend $35,459 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: 58/26/16 Blend
56$1,330,000$1,330,000$1,330,000$1,330,000
57$1,468,497$1,398,007$1,377,392$1,547,443
58$1,580,555$1,428,781$1,385,806$1,631,985
59$1,702,855$1,459,875$1,393,314$1,719,968
60$1,836,404$1,491,266$1,399,848$1,815,064
61$1,982,310$1,522,931$1,405,336$1,917,963
62$2,141,795$1,554,844$1,409,703$2,029,426
63$2,316,201$1,586,974$1,412,872$2,150,291
64$2,507,009$1,619,292$1,414,759$2,281,481
65$2,715,849$1,651,761$1,415,277$2,424,015
66$2,944,513$1,684,345$1,414,336$2,579,013
67$3,194,977$1,717,002$1,411,841$2,747,712
68$3,469,418$1,749,689$1,407,691$2,931,474
69$3,770,232$1,782,356$1,401,781$3,131,800
70$4,100,057$1,814,953$1,394,002$3,350,344
71$4,461,799$1,847,422$1,384,238$3,588,929
72$4,858,661$1,879,704$1,372,368$3,849,567
73$5,294,168$1,911,733$1,358,266$4,134,471
74$5,772,204$1,943,440$1,341,800$4,446,084
75$6,297,049$1,974,747$1,322,829$4,787,096
76$6,873,413$2,005,576$1,301,210$5,160,474
77$7,506,490$2,035,838$1,276,789$5,569,487
78$8,201,999$2,065,440$1,249,408$6,017,740
79$8,966,239$2,094,283$1,218,900$6,509,204
80$9,806,153$2,122,260$1,185,090$7,048,259
81$10,729,386$2,149,257$1,147,796$7,639,731
82$11,744,364$2,175,151$1,106,828$8,288,940
83$12,860,368$2,199,813$1,061,986$9,001,749
84$14,087,624$2,223,102$1,013,061$9,784,623
85$15,437,399$2,244,871$959,835$10,644,686
86$16,922,104$2,264,960$902,080$11,589,792
87$18,555,418$2,283,202$839,559$12,628,596
88$20,352,408$2,299,416$772,022$13,770,640
89$22,329,677$2,313,412$699,208$15,026,441
90$24,505,520$2,324,985$620,848$16,407,592
91$26,900,093$2,333,919$536,656$17,926,869
92$29,535,605$2,339,983$446,336$19,598,357
93$32,436,527$2,342,933$349,579$21,437,580
94$35,629,825$2,342,509$246,062$23,461,647
95$39,145,210$2,338,435$135,448$25,689,418
96$43,015,420$2,330,416$17,384$28,141,680
97$47,276,529$2,318,143$0$30,841,346
98$51,968,288$2,301,285$0$33,832,211
99$57,134,498$2,279,492$0$37,127,940
100$62,823,422$2,252,393$0$40,756,308