Can I retire at age 57 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$111,482$110,489$109,520$108,574$107,651$103,666
2 years$55,189$54,161$53,165$52,199$51,262$47,293
3 years$36,427$35,395$34,401$33,445$32,523$28,694
4 years$27,048$26,019$25,035$24,095$23,196$19,536
5 years$21,422$20,399$19,428$18,507$17,633$14,152
6 years$17,673$16,657$15,701$14,800$13,952$10,652
7 years$14,996$13,989$13,048$12,168$11,347$8,227
8 years$12,989$11,991$11,065$10,208$9,413$6,471
9 years$11,429$10,440$9,531$8,695$7,927$5,159
10 years$10,181$9,203$8,309$7,495$6,755$4,154
11 years$9,161$8,193$7,315$6,523$5,809$3,372
12 years$8,312$7,353$6,492$5,721$5,034$2,754
13 years$7,594$6,645$5,800$5,051$4,390$2,260
14 years$6,979$6,040$5,211$4,484$3,848$1,862
15 years$6,446$5,518$4,705$3,999$3,388$1,539
16 years$5,981$5,063$4,266$3,580$2,994$1,275
17 years$5,571$4,662$3,882$3,217$2,655$1,059
18 years$5,206$4,308$3,544$2,899$2,361$881
19 years$4,881$3,993$3,244$2,620$2,104$734
20 years$4,588$3,710$2,977$2,373$1,880$612
21 years$4,324$3,456$2,738$2,153$1,682$511
22 years$4,084$3,226$2,524$1,958$1,508$427
23 years$3,865$3,017$2,330$1,783$1,353$357
24 years$3,665$2,827$2,155$1,626$1,216$298
25 years$3,481$2,653$1,996$1,485$1,095$250
26 years$3,311$2,493$1,851$1,358$986$209
27 years$3,154$2,347$1,719$1,243$889$175
28 years$3,009$2,211$1,598$1,139$802$147
29 years$2,874$2,086$1,487$1,044$724$123
30 years$2,748$1,970$1,385$958$654$103
31 years$2,631$1,862$1,291$880$592$86
32 years$2,521$1,762$1,205$809$535$72
33 years$2,418$1,669$1,125$744$484$61
34 years$2,321$1,582$1,051$684$439$51
35 years$2,230$1,500$983$630$397$43
36 years$2,144$1,424$919$580$360$36
37 years$2,063$1,352$861$535$326$30
38 years$1,987$1,285$806$493$296$25
39 years$1,914$1,222$755$454$268$21
40 years$1,846$1,163$708$419$243$18
41 years$1,781$1,107$664$387$221$15
42 years$1,719$1,054$622$357$200$12
43 years$1,660$1,004$584$329$182$10
44 years$1,604$957$548$304$165$9
45 years$1,551$913$515$281$150$7
46 years$1,500$871$484$259$136$6
47 years$1,451$831$454$240$123$5
48 years$1,405$793$427$222$112$4
49 years$1,361$758$401$205$102$4
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,350,000, adding $5,507 every year, while hoping to spend $46,180 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: 39/40/21 Blend
56$1,350,000$1,350,000$1,350,000$1,350,000
57$1,493,380$1,421,830$1,400,905$1,542,093
58$1,596,570$1,442,365$1,398,701$1,598,221
59$1,708,737$1,462,358$1,394,874$1,654,089
60$1,830,749$1,481,734$1,389,323$1,713,559
61$1,963,559$1,500,413$1,381,939$1,776,982
62$2,108,217$1,518,308$1,372,609$1,844,750
63$2,265,879$1,535,328$1,361,214$1,917,295
64$2,437,814$1,551,375$1,347,631$1,995,094
65$2,625,422$1,566,343$1,331,728$2,078,678
66$2,830,243$1,580,122$1,313,369$2,168,630
67$3,053,972$1,592,593$1,292,411$2,265,601
68$3,298,476$1,603,628$1,268,705$2,370,305
69$3,565,809$1,613,094$1,242,095$2,483,536
70$3,858,232$1,620,847$1,212,416$2,606,170
71$4,178,237$1,626,733$1,179,497$2,739,176
72$4,528,566$1,630,592$1,143,159$2,883,627
73$4,912,239$1,632,251$1,103,215$3,040,707
74$5,332,583$1,631,526$1,059,467$3,211,727
75$5,793,259$1,628,224$1,011,712$3,398,136
76$6,298,302$1,622,137$959,735$3,601,532
77$6,852,155$1,613,048$903,312$3,823,687
78$7,459,710$1,600,723$842,209$4,066,554
79$8,126,358$1,584,916$776,180$4,332,294
80$8,858,036$1,565,366$704,971$4,623,294
81$9,661,282$1,541,795$628,315$4,942,189
82$10,543,301$1,513,912$545,932$5,291,893
83$11,512,028$1,481,403$457,530$5,675,622
84$12,576,204$1,443,942$362,807$6,096,930
85$13,745,460$1,401,178$261,444$6,559,739
86$15,030,404$1,352,742$153,109$7,068,384
87$16,442,723$1,298,245$37,457$7,627,649
88$17,995,295$1,237,273$0$8,242,814
89$19,702,305$1,169,389$0$8,938,976
90$21,579,381$1,094,131$0$9,713,518
91$23,643,744$1,011,009$0$10,565,233
92$25,914,365$919,507$0$11,502,057
93$28,412,146$819,079$0$12,532,745
94$31,160,118$709,147$0$13,666,950
95$34,183,656$589,101$0$14,915,323
96$37,510,719$458,297$0$16,289,609
97$41,172,112$316,054$0$17,802,760
98$45,201,780$161,653$0$19,469,062
99$49,637,123$0$0$21,304,271
100$54,519,350$0$0$23,328,254