Can I retire at age 57 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$113,959$112,944$111,954$110,987$110,043$105,886
2 years$56,415$55,365$54,346$53,359$52,401$48,262
3 years$37,237$36,181$35,166$34,188$33,246$29,253
4 years$27,649$26,597$25,592$24,630$23,711$19,897
5 years$21,898$20,853$19,860$18,918$18,025$14,398
6 years$18,065$17,028$16,050$15,129$14,262$10,826
7 years$15,329$14,300$13,338$12,439$11,599$8,352
8 years$13,277$12,258$11,311$10,434$9,623$6,561
9 years$11,683$10,672$9,742$8,888$8,104$5,224
10 years$10,407$9,407$8,494$7,661$6,905$4,202
11 years$9,365$8,375$7,478$6,668$5,938$3,406
12 years$8,497$7,517$6,636$5,848$5,146$2,778
13 years$7,763$6,793$5,929$5,163$4,487$2,276
14 years$7,134$6,175$5,327$4,583$3,934$1,873
15 years$6,590$5,641$4,810$4,088$3,463$1,546
16 years$6,114$5,175$4,361$3,660$3,061$1,279
17 years$5,695$4,766$3,968$3,288$2,714$1,060
18 years$5,322$4,404$3,622$2,964$2,413$881
19 years$4,989$4,082$3,316$2,678$2,151$732
20 years$4,690$3,793$3,043$2,425$1,921$610
21 years$4,420$3,533$2,799$2,201$1,719$508
22 years$4,174$3,298$2,580$2,001$1,541$424
23 years$3,951$3,084$2,382$1,823$1,383$354
24 years$3,746$2,890$2,203$1,662$1,243$296
25 years$3,558$2,712$2,041$1,518$1,119$247
26 years$3,384$2,549$1,893$1,388$1,008$206
27 years$3,224$2,399$1,757$1,271$909$173
28 years$3,076$2,260$1,634$1,164$820$144
29 years$2,938$2,132$1,520$1,068$740$121
30 years$2,809$2,014$1,416$980$669$101
31 years$2,689$1,904$1,320$900$605$85
32 years$2,577$1,801$1,232$827$547$71
33 years$2,471$1,706$1,150$760$495$59
34 years$2,372$1,617$1,075$700$448$50
35 years$2,279$1,533$1,005$644$406$42
36 years$2,192$1,455$940$593$368$35
37 years$2,109$1,382$880$547$333$29
38 years$2,031$1,314$824$504$302$24
39 years$1,957$1,249$772$464$274$20
40 years$1,887$1,189$723$428$249$17
41 years$1,820$1,131$678$395$226$14
42 years$1,757$1,078$636$365$205$12
43 years$1,697$1,027$597$337$186$10
44 years$1,640$979$560$311$169$8
45 years$1,585$933$526$287$153$7
46 years$1,533$890$494$265$139$6
47 years$1,484$850$464$245$126$5
48 years$1,436$811$436$226$115$4
49 years$1,391$774$410$209$104$3
50 years$1,347$740$386$193$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,380,000, adding $4,872 every year, while hoping to spend $47,535 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: 64/23/13 Blend
56$1,380,000$1,380,000$1,380,000$1,380,000
57$1,525,785$1,452,645$1,431,255$1,618,475
58$1,630,839$1,473,248$1,428,626$1,701,683
59$1,745,014$1,493,267$1,424,315$1,786,589
60$1,869,192$1,512,624$1,418,216$1,878,153
61$2,004,341$1,531,234$1,410,217$1,977,023
62$2,151,527$1,549,008$1,400,203$2,083,915
63$2,311,922$1,565,848$1,388,049$2,199,614
64$2,486,817$1,581,654$1,373,627$2,324,991
65$2,677,633$1,596,315$1,356,804$2,461,001
66$2,885,932$1,609,715$1,337,437$2,608,701
67$3,113,435$1,621,729$1,315,380$2,769,256
68$3,362,038$1,632,227$1,290,478$2,943,948
69$3,633,826$1,641,066$1,262,569$3,134,193
70$3,931,096$1,648,097$1,231,484$3,341,552
71$4,256,375$1,653,162$1,197,046$3,567,748
72$4,612,449$1,656,090$1,159,071$3,814,676
73$5,002,382$1,656,702$1,117,364$4,084,432
74$5,429,552$1,654,808$1,071,722$4,379,322
75$5,897,677$1,650,203$1,021,935$4,701,893
76$6,410,851$1,642,674$967,781$5,054,950
77$6,973,585$1,631,992$909,029$5,441,589
78$7,590,845$1,617,915$845,436$5,865,223
79$8,268,103$1,600,185$776,750$6,329,613
80$9,011,387$1,578,531$702,708$6,838,911
81$9,827,333$1,552,663$623,034$7,397,691
82$10,723,254$1,522,277$537,439$8,010,998
83$11,707,206$1,487,048$445,622$8,684,395
84$12,788,061$1,446,634$347,271$9,424,015
85$13,975,595$1,400,671$242,057$10,236,623
86$15,280,577$1,348,775$129,637$11,129,673
87$16,714,871$1,290,540$9,654$12,111,388
88$18,291,546$1,225,535$0$13,190,832
89$20,025,002$1,153,305$0$14,394,421
90$21,931,105$1,073,369$0$15,719,248
91$24,027,331$985,217$0$17,176,177
92$26,332,939$888,313$0$18,778,659
93$28,869,146$782,088$0$20,541,521
94$31,659,329$665,940$0$22,481,106
95$34,729,245$539,235$0$24,615,426
96$38,107,273$401,303$0$26,964,335
97$41,824,682$251,435$0$29,549,714
98$45,915,927$88,882$0$32,395,683
99$50,418,971$0$0$35,528,826
100$55,375,643$0$0$39,000,497