Can I retire at age 57 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$114,785$113,762$112,765$111,791$110,841$107,681
2 years$56,824$55,766$54,740$53,746$52,781$49,623
3 years$37,507$36,444$35,421$34,435$33,487$30,428
4 years$27,850$26,790$25,777$24,809$23,883$20,948
5 years$22,057$21,004$20,004$19,056$18,155$15,351
6 years$18,196$17,151$16,166$15,239$14,366$11,696
7 years$15,440$14,403$13,434$12,529$11,683$9,147
8 years$13,374$12,346$11,393$10,510$9,692$7,289
9 years$11,767$10,750$9,813$8,952$8,162$5,889
10 years$10,483$9,475$8,555$7,717$6,955$4,809
11 years$9,433$8,435$7,532$6,716$5,981$3,959
12 years$8,558$7,571$6,684$5,891$5,183$3,281
13 years$7,819$6,842$5,972$5,201$4,520$2,733
14 years$7,186$6,219$5,366$4,617$3,962$2,286
15 years$6,637$5,681$4,845$4,117$3,489$1,919
16 years$6,158$5,213$4,392$3,687$3,083$1,616
17 years$5,736$4,801$3,997$3,312$2,734$1,363
18 years$5,361$4,436$3,649$2,985$2,431$1,153
19 years$5,025$4,111$3,340$2,697$2,167$976
20 years$4,724$3,820$3,065$2,443$1,935$828
21 years$4,452$3,559$2,820$2,217$1,732$703
22 years$4,205$3,322$2,599$2,016$1,552$598
23 years$3,979$3,107$2,399$1,836$1,393$508
24 years$3,773$2,911$2,219$1,674$1,252$433
25 years$3,584$2,732$2,055$1,529$1,127$369
26 years$3,409$2,567$1,906$1,398$1,015$314
27 years$3,248$2,416$1,770$1,280$915$268
28 years$3,098$2,277$1,646$1,173$826$228
29 years$2,959$2,148$1,531$1,075$746$195
30 years$2,829$2,028$1,426$987$674$166
31 years$2,709$1,918$1,330$906$609$142
32 years$2,595$1,814$1,241$833$551$121
33 years$2,489$1,718$1,158$766$499$103
34 years$2,390$1,628$1,082$705$452$88
35 years$2,296$1,545$1,012$649$409$75
36 years$2,208$1,466$947$597$371$64
37 years$2,124$1,392$886$551$336$55
38 years$2,046$1,323$830$507$304$47
39 years$1,971$1,258$777$468$276$40
40 years$1,900$1,197$729$432$250$34
41 years$1,833$1,140$683$398$227$29
42 years$1,770$1,085$641$367$206$25
43 years$1,709$1,034$601$339$187$21
44 years$1,652$986$565$313$170$18
45 years$1,597$940$530$289$154$16
46 years$1,544$897$498$267$140$13
47 years$1,494$856$468$247$127$11
48 years$1,447$817$440$228$115$10
49 years$1,401$780$413$211$105$8
50 years$1,357$745$388$195$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,390,000, adding $3,069 every year, while hoping to spend $53,503 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: 56/36/8 Blend
56$1,390,000$1,390,000$1,390,000$1,390,000
57$1,534,946$1,461,276$1,439,731$1,617,874
58$1,634,583$1,475,951$1,431,035$1,688,839
59$1,742,591$1,489,553$1,420,255$1,759,876
60$1,859,766$1,501,972$1,407,263$1,835,946
61$1,986,984$1,513,091$1,391,929$1,917,534
62$2,125,211$1,522,786$1,374,113$2,005,177
63$2,275,507$1,530,927$1,353,670$2,099,469
64$2,439,039$1,537,373$1,330,449$2,201,065
65$2,617,091$1,541,975$1,304,289$2,310,686
66$2,811,077$1,544,574$1,275,025$2,429,133
67$3,022,551$1,545,002$1,242,483$2,557,287
68$3,253,224$1,543,081$1,206,480$2,696,122
69$3,504,982$1,538,620$1,166,825$2,846,713
70$3,779,896$1,531,419$1,123,320$3,010,247
71$4,080,250$1,521,263$1,075,756$3,188,035
72$4,408,556$1,507,926$1,023,914$3,381,524
73$4,767,582$1,491,167$967,568$3,592,313
74$5,160,373$1,470,731$906,479$3,822,165
75$5,590,282$1,446,349$840,398$4,073,027
76$6,061,005$1,417,734$769,065$4,347,051
77$6,576,608$1,384,583$692,209$4,646,609
78$7,141,569$1,346,575$609,545$4,974,320
79$7,760,822$1,303,370$520,778$5,333,077
80$8,439,800$1,254,609$425,598$5,726,070
81$9,184,485$1,199,911$323,681$6,156,822
82$10,001,469$1,138,873$214,691$6,629,221
83$10,898,011$1,071,070$98,275$7,147,557
84$11,882,106$996,050$0$7,716,563
85$12,962,563$913,338$0$8,343,681
86$14,149,083$822,431$0$9,041,554
87$15,452,355$722,796$0$9,808,181
88$16,884,153$613,870$0$10,650,614
89$18,457,448$495,061$0$11,576,635
90$20,186,529$365,740$0$12,594,824
91$22,087,138$225,244$0$13,714,646
92$24,176,619$72,874$0$14,946,539
93$26,474,080$0$0$16,302,017
94$29,000,572$0$0$17,830,264
95$31,779,290$0$0$19,542,970
96$34,835,788$0$0$21,427,033
97$38,198,221$0$0$23,499,826
98$41,897,612$0$0$25,780,493
99$45,968,141$0$0$28,290,124
100$50,447,469$0$0$31,051,958