Can I retire at age 57 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$112,308$111,307$110,331$109,379$108,448$106,520
2 years$55,598$54,562$53,559$52,586$51,642$49,706
3 years$36,697$35,657$34,656$33,692$32,764$30,880
4 years$27,248$26,212$25,221$24,273$23,367$21,551
5 years$21,581$20,550$19,572$18,644$17,764$16,019
6 years$17,804$16,781$15,817$14,910$14,056$12,385
7 years$15,107$14,093$13,144$12,258$11,431$9,835
8 years$13,085$12,080$11,147$10,283$9,483$7,962
9 years$11,513$10,518$9,601$8,759$7,986$6,538
10 years$10,257$9,271$8,371$7,550$6,805$5,429
11 years$9,229$8,253$7,369$6,571$5,852$4,547
12 years$8,374$7,408$6,540$5,764$5,071$3,835
13 years$7,650$6,694$5,843$5,088$4,422$3,252
14 years$7,031$6,085$5,250$4,517$3,877$2,772
15 years$6,494$5,559$4,740$4,028$3,413$2,371
16 years$6,025$5,100$4,298$3,607$3,017$2,035
17 years$5,612$4,697$3,911$3,241$2,675$1,751
18 years$5,245$4,340$3,570$2,921$2,378$1,510
19 years$4,917$4,022$3,268$2,639$2,120$1,305
20 years$4,622$3,738$2,999$2,390$1,893$1,130
21 years$4,356$3,482$2,759$2,169$1,694$979
22 years$4,114$3,250$2,543$1,972$1,519$850
23 years$3,893$3,040$2,348$1,796$1,363$738
24 years$3,692$2,848$2,171$1,638$1,225$642
25 years$3,506$2,673$2,011$1,496$1,103$559
26 years$3,335$2,512$1,865$1,368$993$487
27 years$3,178$2,364$1,732$1,252$896$424
28 years$3,031$2,228$1,610$1,147$808$370
29 years$2,895$2,101$1,498$1,052$730$322
30 years$2,768$1,985$1,396$966$659$281
31 years$2,650$1,876$1,301$887$596$246
32 years$2,539$1,775$1,214$815$539$214
33 years$2,436$1,681$1,133$749$488$187
34 years$2,338$1,593$1,059$690$442$164
35 years$2,246$1,511$990$635$400$143
36 years$2,160$1,434$926$585$363$125
37 years$2,078$1,362$867$539$329$109
38 years$2,001$1,295$812$496$298$95
39 years$1,928$1,231$761$458$270$83
40 years$1,859$1,171$713$422$245$73
41 years$1,794$1,115$668$390$222$64
42 years$1,731$1,062$627$360$202$56
43 years$1,672$1,012$588$332$183$49
44 years$1,616$964$552$306$166$43
45 years$1,562$920$519$283$151$37
46 years$1,511$877$487$261$137$33
47 years$1,462$837$458$242$124$29
48 years$1,415$799$430$223$113$25
49 years$1,371$763$404$206$103$22
50 years$1,328$729$380$191$93$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,360,000, adding $5,587 every year, while hoping to spend $20,625 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: 83/9/8 Blend
56$1,360,000$1,360,000$1,360,000$1,360,000
57$1,504,483$1,432,403$1,411,323$1,627,483
58$1,635,995$1,480,646$1,436,657$1,756,964
59$1,780,231$1,530,561$1,462,149$1,895,774
60$1,938,465$1,582,210$1,487,782$2,047,565
61$2,112,104$1,635,653$1,513,538$2,213,628
62$2,302,695$1,690,957$1,539,399$2,395,383
63$2,511,944$1,748,188$1,565,343$2,594,395
64$2,741,730$1,807,416$1,591,348$2,812,387
65$2,994,120$1,868,714$1,617,393$3,051,255
66$3,271,396$1,932,156$1,643,451$3,313,091
67$3,576,068$1,997,822$1,669,496$3,600,196
68$3,910,903$2,065,790$1,695,500$3,915,107
69$4,278,948$2,136,147$1,721,432$4,260,616
70$4,683,561$2,208,979$1,747,261$4,639,800
71$5,128,442$2,284,377$1,772,952$5,056,050
72$5,617,666$2,362,435$1,798,469$5,513,098
73$6,155,724$2,443,250$1,823,774$6,015,058
74$6,747,564$2,526,925$1,848,826$6,566,462
75$7,398,635$2,613,564$1,873,581$7,172,301
76$8,114,945$2,703,278$1,897,995$7,838,077
77$8,903,110$2,796,179$1,922,019$8,569,848
78$9,770,422$2,892,386$1,945,601$9,374,290
79$10,724,914$2,992,023$1,968,688$10,258,760
80$11,775,439$3,095,215$1,991,222$11,231,360
81$12,931,750$3,202,096$2,013,144$12,301,020
82$14,204,593$3,312,804$2,034,390$13,477,577
83$15,605,812$3,427,482$2,054,892$14,771,870
84$17,148,453$3,546,277$2,074,579$16,195,844
85$18,846,896$3,669,346$2,093,379$17,762,657
86$20,716,983$3,796,847$2,111,210$19,486,809
87$22,776,172$3,928,949$2,127,992$21,384,277
88$25,043,699$4,065,825$2,143,637$23,472,665
89$27,540,760$4,207,654$2,158,053$25,771,371
90$30,290,714$4,354,626$2,171,145$28,301,767
91$33,319,299$4,506,934$2,182,810$31,087,407
92$36,654,875$4,664,782$2,192,942$34,154,242
93$40,328,696$4,828,380$2,201,429$37,530,868
94$44,375,200$4,997,947$2,208,153$41,248,796
95$48,832,336$5,173,712$2,212,992$45,342,748
96$53,741,922$5,355,912$2,215,815$49,850,985
97$59,150,040$5,544,793$2,216,487$54,815,667
98$65,107,468$5,740,613$2,214,863$60,283,255
99$71,670,164$5,943,637$2,210,796$66,304,941
100$78,899,790$6,154,144$2,204,127$72,937,139