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%11.7%
1 years$113,133$112,126$111,142$110,183$109,246$108,466
2 years$56,007$54,964$53,953$52,972$52,022$51,236
3 years$36,967$35,919$34,911$33,940$33,005$32,237
4 years$27,449$26,404$25,406$24,452$23,539$22,795
5 years$21,740$20,701$19,716$18,781$17,894$17,176
6 years$17,935$16,904$15,934$15,020$14,159$13,467
7 years$15,218$14,196$13,241$12,348$11,515$10,851
8 years$13,181$12,169$11,229$10,359$9,553$8,916
9 years$11,598$10,595$9,672$8,823$8,045$7,435
10 years$10,332$9,339$8,432$7,606$6,855$6,271
11 years$9,297$8,314$7,424$6,619$5,895$5,338
12 years$8,435$7,462$6,588$5,806$5,109$4,577
13 years$7,706$6,744$5,886$5,126$4,455$3,949
14 years$7,082$6,130$5,289$4,550$3,905$3,423
15 years$6,542$5,600$4,775$4,058$3,438$2,981
16 years$6,070$5,138$4,329$3,633$3,039$2,604
17 years$5,653$4,732$3,939$3,265$2,694$2,282
18 years$5,284$4,372$3,596$2,942$2,396$2,006
19 years$4,953$4,052$3,292$2,658$2,135$1,766
20 years$4,656$3,765$3,021$2,408$1,907$1,559
21 years$4,388$3,507$2,779$2,185$1,707$1,378
22 years$4,144$3,274$2,561$1,987$1,530$1,219
23 years$3,922$3,062$2,365$1,809$1,373$1,081
24 years$3,719$2,869$2,187$1,650$1,234$959
25 years$3,532$2,692$2,026$1,507$1,111$852
26 years$3,360$2,530$1,879$1,378$1,001$757
27 years$3,201$2,381$1,745$1,261$902$674
28 years$3,053$2,244$1,622$1,156$814$600
29 years$2,916$2,117$1,509$1,060$735$534
30 years$2,789$1,999$1,406$973$664$476
31 years$2,670$1,890$1,311$893$600$425
32 years$2,558$1,788$1,223$821$543$379
33 years$2,453$1,693$1,142$755$492$338
34 years$2,355$1,605$1,067$695$445$302
35 years$2,263$1,522$997$639$403$270
36 years$2,176$1,445$933$589$365$241
37 years$2,094$1,372$873$543$331$215
38 years$2,016$1,304$818$500$300$192
39 years$1,943$1,240$766$461$272$172
40 years$1,873$1,180$718$425$247$154
41 years$1,807$1,123$673$392$224$137
42 years$1,744$1,070$632$362$203$123
43 years$1,685$1,019$593$334$184$110
44 years$1,628$972$556$309$167$98
45 years$1,574$926$522$285$152$88
46 years$1,522$884$491$263$138$79
47 years$1,473$843$461$243$125$70
48 years$1,426$805$433$225$114$63
49 years$1,381$769$407$208$103$56
50 years$1,338$734$383$192$94$50

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 $3,730 every year, while hoping to spend $42,184 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: 77/18/5 Blend
56$1,370,000$1,370,000$1,370,000$1,370,000
57$1,513,587$1,440,977$1,419,742$1,629,448
58$1,623,090$1,466,702$1,422,420$1,731,699
59$1,742,348$1,492,273$1,423,774$1,837,918
60$1,872,312$1,517,639$1,423,715$1,953,114
61$2,014,028$1,542,743$1,422,150$2,078,159
62$2,168,647$1,567,526$1,418,980$2,214,014
63$2,337,437$1,591,923$1,414,104$2,361,736
64$2,521,792$1,615,864$1,407,413$2,522,490
65$2,723,248$1,639,275$1,398,795$2,697,561
66$2,943,497$1,662,076$1,388,132$2,888,361
67$3,184,399$1,684,183$1,375,299$3,096,449
68$3,448,004$1,705,504$1,360,168$3,323,538
69$3,736,568$1,725,942$1,342,602$3,571,520
70$4,052,578$1,745,393$1,322,459$3,842,476
71$4,398,769$1,763,746$1,299,589$4,138,699
72$4,778,156$1,780,882$1,273,838$4,462,717
73$5,194,058$1,796,675$1,245,042$4,817,315
74$5,650,130$1,810,990$1,213,029$5,205,560
75$6,150,400$1,823,685$1,177,622$5,630,833
76$6,699,302$1,834,607$1,138,633$6,096,859
77$7,301,721$1,843,593$1,095,867$6,607,742
78$7,963,037$1,850,470$1,049,120$7,168,006
79$8,689,180$1,855,056$998,178$7,782,634
80$9,486,677$1,857,154$942,818$8,457,119
81$10,362,721$1,856,558$882,806$9,197,513
82$11,325,237$1,853,048$817,898$10,010,486
83$12,382,954$1,846,389$747,840$10,903,389
84$13,545,487$1,836,334$672,365$11,884,319
85$14,823,432$1,822,620$591,195$12,962,205
86$16,228,462$1,804,968$504,039$14,146,882
87$17,773,435$1,783,081$410,594$15,449,192
88$19,472,519$1,756,647$310,544$16,881,082
89$21,341,326$1,725,332$203,556$18,455,717
90$23,397,053$1,688,785$89,287$20,187,607
91$25,658,650$1,646,633$0$22,092,743
92$28,146,996$1,598,482$0$24,190,490
93$30,885,094$1,543,912$0$26,503,724
94$33,898,292$1,482,482$0$29,049,101
95$37,214,519$1,413,724$0$31,850,230
96$40,864,546$1,337,143$0$34,933,130
97$44,882,282$1,252,215$0$38,326,475
98$49,305,087$1,158,387$0$42,061,863
99$54,174,131$1,055,072$0$46,174,116
100$59,534,774$941,653$0$50,701,609