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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$113,133$112,126$111,142$110,183$109,246$106,778
2 years$56,007$54,964$53,953$52,972$52,022$49,549
3 years$36,967$35,919$34,911$33,940$33,005$30,604
4 years$27,449$26,404$25,406$24,452$23,539$21,229
5 years$21,740$20,701$19,716$18,781$17,894$15,681
6 years$17,935$16,904$15,934$15,020$14,159$12,045
7 years$15,218$14,196$13,241$12,348$11,515$9,501
8 years$13,181$12,169$11,229$10,359$9,553$7,637
9 years$11,598$10,595$9,672$8,823$8,045$6,227
10 years$10,332$9,339$8,432$7,606$6,855$5,132
11 years$9,297$8,314$7,424$6,619$5,895$4,266
12 years$8,435$7,462$6,588$5,806$5,109$3,570
13 years$7,706$6,744$5,886$5,126$4,455$3,004
14 years$7,082$6,130$5,289$4,550$3,905$2,539
15 years$6,542$5,600$4,775$4,058$3,438$2,154
16 years$6,070$5,138$4,329$3,633$3,039$1,833
17 years$5,653$4,732$3,939$3,265$2,694$1,564
18 years$5,284$4,372$3,596$2,942$2,396$1,337
19 years$4,953$4,052$3,292$2,658$2,135$1,145
20 years$4,656$3,765$3,021$2,408$1,907$982
21 years$4,388$3,507$2,779$2,185$1,707$844
22 years$4,144$3,274$2,561$1,987$1,530$726
23 years$3,922$3,062$2,365$1,809$1,373$624
24 years$3,719$2,869$2,187$1,650$1,234$538
25 years$3,532$2,692$2,026$1,507$1,111$464
26 years$3,360$2,530$1,879$1,378$1,001$400
27 years$3,201$2,381$1,745$1,261$902$345
28 years$3,053$2,244$1,622$1,156$814$298
29 years$2,916$2,117$1,509$1,060$735$257
30 years$2,789$1,999$1,406$973$664$222
31 years$2,670$1,890$1,311$893$600$192
32 years$2,558$1,788$1,223$821$543$166
33 years$2,453$1,693$1,142$755$492$144
34 years$2,355$1,605$1,067$695$445$124
35 years$2,263$1,522$997$639$403$107
36 years$2,176$1,445$933$589$365$93
37 years$2,094$1,372$873$543$331$80
38 years$2,016$1,304$818$500$300$70
39 years$1,943$1,240$766$461$272$60
40 years$1,873$1,180$718$425$247$52
41 years$1,807$1,123$673$392$224$45
42 years$1,744$1,070$632$362$203$39
43 years$1,685$1,019$593$334$184$34
44 years$1,628$972$556$309$167$29
45 years$1,574$926$522$285$152$25
46 years$1,522$884$491$263$138$22
47 years$1,473$843$461$243$125$19
48 years$1,426$805$433$225$114$16
49 years$1,381$769$407$208$103$14
50 years$1,338$734$383$192$94$12

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 $4,180 every year, while hoping to spend $57,263 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: 63/28/9 Blend
56$1,370,000$1,370,000$1,370,000$1,370,000
57$1,514,052$1,441,442$1,420,207$1,606,277
58$1,607,558$1,451,145$1,406,856$1,678,087
59$1,708,682$1,459,404$1,391,139$1,749,413
60$1,818,141$1,466,089$1,372,916$1,825,835
61$1,936,723$1,471,059$1,352,041$1,907,845
62$2,065,294$1,474,166$1,328,359$1,995,987
63$2,204,807$1,475,253$1,301,712$2,090,862
64$2,356,309$1,474,152$1,271,931$2,193,132
65$2,520,952$1,470,685$1,238,840$2,303,528
66$2,700,004$1,464,664$1,202,257$2,422,859
67$2,894,860$1,455,888$1,161,988$2,552,015
68$3,107,055$1,444,145$1,117,833$2,691,982
69$3,338,275$1,429,209$1,069,582$2,843,847
70$3,590,381$1,410,842$1,017,014$3,008,808
71$3,865,418$1,388,791$959,902$3,188,191
72$4,165,635$1,362,787$898,003$3,383,457
73$4,493,512$1,332,546$831,069$3,596,221
74$4,851,777$1,297,767$758,836$3,828,263
75$5,243,432$1,258,131$681,031$4,081,550
76$5,671,784$1,213,302$597,367$4,358,252
77$6,140,474$1,162,922$507,547$4,660,764
78$6,653,511$1,106,614$411,259$4,991,730
79$7,215,309$1,043,977$308,176$5,354,068
80$7,830,729$974,591$197,958$5,750,995
81$8,505,126$898,008$80,252$6,186,067
82$9,244,393$813,755$0$6,663,202
83$10,055,027$721,334$0$7,191,083
84$10,944,177$620,217$0$7,778,634
85$11,919,722$509,847$0$8,423,447
86$12,990,339$389,635$0$9,131,371
87$14,165,585$258,958$0$9,908,860
88$15,455,989$117,161$0$10,763,031
89$16,873,147$0$0$11,701,730
90$18,429,836$0$0$12,744,843
91$20,140,130$0$0$13,930,648
92$22,019,532$0$0$15,233,810
93$24,085,125$0$0$16,666,184
94$26,355,726$0$0$18,240,833
95$28,852,066$0$0$19,972,150
96$31,596,986$0$0$21,875,990
97$34,615,652$0$0$23,969,822
98$37,935,789$0$0$26,272,894
99$41,587,944$0$0$28,806,410
100$45,605,773$0$0$31,593,736