Can I retire at age 57 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$113,133$112,126$111,142$110,183$109,246$107,084
2 years$56,007$54,964$53,953$52,972$52,022$49,853
3 years$36,967$35,919$34,911$33,940$33,005$30,896
4 years$27,449$26,404$25,406$24,452$23,539$21,508
5 years$21,740$20,701$19,716$18,781$17,894$15,945
6 years$17,935$16,904$15,934$15,020$14,159$12,295
7 years$15,218$14,196$13,241$12,348$11,515$9,736
8 years$13,181$12,169$11,229$10,359$9,553$7,858
9 years$11,598$10,595$9,672$8,823$8,045$6,434
10 years$10,332$9,339$8,432$7,606$6,855$5,326
11 years$9,297$8,314$7,424$6,619$5,895$4,447
12 years$8,435$7,462$6,588$5,806$5,109$3,738
13 years$7,706$6,744$5,886$5,126$4,455$3,160
14 years$7,082$6,130$5,289$4,550$3,905$2,684
15 years$6,542$5,600$4,775$4,058$3,438$2,288
16 years$6,070$5,138$4,329$3,633$3,039$1,956
17 years$5,653$4,732$3,939$3,265$2,694$1,678
18 years$5,284$4,372$3,596$2,942$2,396$1,442
19 years$4,953$4,052$3,292$2,658$2,135$1,241
20 years$4,656$3,765$3,021$2,408$1,907$1,070
21 years$4,388$3,507$2,779$2,185$1,707$924
22 years$4,144$3,274$2,561$1,987$1,530$799
23 years$3,922$3,062$2,365$1,809$1,373$692
24 years$3,719$2,869$2,187$1,650$1,234$599
25 years$3,532$2,692$2,026$1,507$1,111$519
26 years$3,360$2,530$1,879$1,378$1,001$450
27 years$3,201$2,381$1,745$1,261$902$391
28 years$3,053$2,244$1,622$1,156$814$339
29 years$2,916$2,117$1,509$1,060$735$295
30 years$2,789$1,999$1,406$973$664$256
31 years$2,670$1,890$1,311$893$600$223
32 years$2,558$1,788$1,223$821$543$194
33 years$2,453$1,693$1,142$755$492$168
34 years$2,355$1,605$1,067$695$445$147
35 years$2,263$1,522$997$639$403$127
36 years$2,176$1,445$933$589$365$111
37 years$2,094$1,372$873$543$331$97
38 years$2,016$1,304$818$500$300$84
39 years$1,943$1,240$766$461$272$73
40 years$1,873$1,180$718$425$247$64
41 years$1,807$1,123$673$392$224$55
42 years$1,744$1,070$632$362$203$48
43 years$1,685$1,019$593$334$184$42
44 years$1,628$972$556$309$167$37
45 years$1,574$926$522$285$152$32
46 years$1,522$884$491$263$138$28
47 years$1,473$843$461$243$125$24
48 years$1,426$805$433$225$114$21
49 years$1,381$769$407$208$103$18
50 years$1,338$734$383$192$94$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,370,000, adding $4,444 every year, while hoping to spend $44,127 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: 61/34/5 Blend
56$1,370,000$1,370,000$1,370,000$1,370,000
57$1,514,324$1,441,714$1,420,479$1,605,195
58$1,621,834$1,465,407$1,421,114$1,690,100
59$1,738,832$1,488,782$1,420,292$1,777,161
60$1,866,237$1,511,777$1,417,916$1,871,007
61$2,005,064$1,534,326$1,413,888$1,972,291
62$2,156,429$1,556,356$1,408,101$2,081,730
63$2,321,558$1,577,791$1,400,446$2,200,117
64$2,501,804$1,598,549$1,390,808$2,328,327
65$2,698,653$1,618,543$1,379,065$2,467,321
66$2,913,744$1,637,680$1,365,091$2,618,160
67$3,148,878$1,655,858$1,348,754$2,782,014
68$3,406,040$1,672,972$1,329,914$2,960,172
69$3,687,417$1,688,908$1,308,427$3,154,054
70$3,995,414$1,703,545$1,284,139$3,365,229
71$4,332,680$1,716,753$1,256,892$3,595,422
72$4,702,135$1,728,395$1,226,519$3,846,537
73$5,106,990$1,738,324$1,192,846$4,120,675
74$5,550,786$1,746,385$1,155,689$4,420,148
75$6,037,420$1,752,412$1,114,858$4,747,508
76$6,571,185$1,756,228$1,070,154$5,105,568
77$7,156,809$1,757,646$1,021,368$5,497,430
78$7,799,501$1,756,468$968,281$5,926,511
79$8,504,998$1,752,483$910,665$6,396,583
80$9,279,618$1,745,465$848,283$6,911,800
81$10,130,324$1,735,177$780,885$7,476,745
82$11,064,783$1,721,368$708,212$8,096,470
83$12,091,444$1,703,768$629,990$8,776,543
84$13,219,613$1,682,094$545,936$9,523,106
85$14,459,543$1,656,046$455,755$10,342,929
86$15,822,529$1,625,305$359,135$11,243,473
87$17,321,015$1,589,533$255,754$12,232,969
88$18,968,711$1,548,373$145,274$13,320,487
89$20,780,723$1,501,446$27,344$14,516,028
90$22,773,691$1,448,351$0$15,830,618
91$24,965,952$1,388,665$0$17,281,667
92$27,377,708$1,321,938$0$18,879,218
93$30,031,218$1,247,697$0$20,636,604
94$32,951,007$1,165,439$0$22,570,132
95$36,164,097$1,074,633$0$24,697,779
96$39,700,263$974,718$0$27,039,360
97$43,592,312$865,102$0$29,616,717
98$47,876,393$745,157$0$32,453,925
99$52,592,337$614,221$0$35,577,525
100$57,784,032$471,595$0$39,016,769