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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$114,785$113,762$112,765$111,791$110,841$109,683
2 years$56,824$55,766$54,740$53,746$52,781$51,616
3 years$37,507$36,444$35,421$34,435$33,487$32,349
4 years$27,850$26,790$25,777$24,809$23,883$22,782
5 years$22,057$21,004$20,004$19,056$18,155$17,095
6 years$18,196$17,151$16,166$15,239$14,366$13,346
7 years$15,440$14,403$13,434$12,529$11,683$10,705
8 years$13,374$12,346$11,393$10,510$9,692$8,756
9 years$11,767$10,750$9,813$8,952$8,162$7,268
10 years$10,483$9,475$8,555$7,717$6,955$6,101
11 years$9,433$8,435$7,532$6,716$5,981$5,167
12 years$8,558$7,571$6,684$5,891$5,183$4,409
13 years$7,819$6,842$5,972$5,201$4,520$3,784
14 years$7,186$6,219$5,366$4,617$3,962$3,263
15 years$6,637$5,681$4,845$4,117$3,489$2,826
16 years$6,158$5,213$4,392$3,687$3,083$2,456
17 years$5,736$4,801$3,997$3,312$2,734$2,140
18 years$5,361$4,436$3,649$2,985$2,431$1,870
19 years$5,025$4,111$3,340$2,697$2,167$1,637
20 years$4,724$3,820$3,065$2,443$1,935$1,436
21 years$4,452$3,559$2,820$2,217$1,732$1,262
22 years$4,205$3,322$2,599$2,016$1,552$1,110
23 years$3,979$3,107$2,399$1,836$1,393$978
24 years$3,773$2,911$2,219$1,674$1,252$863
25 years$3,584$2,732$2,055$1,529$1,127$762
26 years$3,409$2,567$1,906$1,398$1,015$673
27 years$3,248$2,416$1,770$1,280$915$595
28 years$3,098$2,277$1,646$1,173$826$526
29 years$2,959$2,148$1,531$1,075$746$466
30 years$2,829$2,028$1,426$987$674$412
31 years$2,709$1,918$1,330$906$609$365
32 years$2,595$1,814$1,241$833$551$324
33 years$2,489$1,718$1,158$766$499$287
34 years$2,390$1,628$1,082$705$452$255
35 years$2,296$1,545$1,012$649$409$226
36 years$2,208$1,466$947$597$371$200
37 years$2,124$1,392$886$551$336$178
38 years$2,046$1,323$830$507$304$158
39 years$1,971$1,258$777$468$276$140
40 years$1,900$1,197$729$432$250$124
41 years$1,833$1,140$683$398$227$110
42 years$1,770$1,085$641$367$206$98
43 years$1,709$1,034$601$339$187$87
44 years$1,652$986$565$313$170$77
45 years$1,597$940$530$289$154$69
46 years$1,544$897$498$267$140$61
47 years$1,494$856$468$247$127$54
48 years$1,447$817$440$228$115$48
49 years$1,401$780$413$211$105$43
50 years$1,357$745$388$195$95$38

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 $3,976 every year, while hoping to spend $41,176 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: 59/26/15 Blend
56$1,390,000$1,390,000$1,390,000$1,390,000
57$1,535,881$1,462,211$1,440,666$1,620,422
58$1,648,730$1,490,049$1,445,118$1,705,811
59$1,771,710$1,517,870$1,448,338$1,793,965
60$1,905,810$1,545,631$1,450,243$1,889,132
61$2,052,119$1,573,284$1,450,743$1,991,994
62$2,211,838$1,600,778$1,449,746$2,103,302
63$2,386,286$1,628,056$1,447,152$2,223,884
64$2,576,915$1,655,059$1,442,861$2,354,653
65$2,785,327$1,681,724$1,436,763$2,496,614
66$3,013,282$1,707,980$1,428,746$2,650,878
67$3,262,720$1,733,754$1,418,692$2,818,666
68$3,535,776$1,758,967$1,406,477$3,001,327
69$3,834,802$1,783,533$1,391,971$3,200,346
70$4,162,388$1,807,362$1,375,037$3,417,361
71$4,521,385$1,830,356$1,355,535$3,654,177
72$4,914,934$1,852,411$1,333,313$3,912,787
73$5,346,495$1,873,417$1,308,217$4,195,384
74$5,819,878$1,893,254$1,280,082$4,504,388
75$6,339,278$1,911,797$1,248,738$4,842,467
76$6,909,320$1,928,911$1,214,006$5,212,562
77$7,535,094$1,944,451$1,175,699$5,617,916
78$8,222,210$1,958,265$1,133,620$6,062,103
79$8,976,844$1,970,189$1,087,566$6,549,064
80$9,805,805$1,980,051$1,037,322$7,083,145
81$10,716,590$1,987,666$982,665$7,669,135
82$11,717,458$1,992,837$923,360$8,312,315
83$12,817,509$1,995,357$859,164$9,018,509
84$14,026,770$1,995,004$789,820$9,794,133
85$15,356,284$1,991,543$715,062$10,646,264
86$16,818,219$1,984,723$634,612$11,582,702
87$18,425,984$1,974,281$548,178$12,612,047
88$20,194,348$1,959,935$455,456$13,743,780
89$22,139,587$1,941,386$356,128$14,988,350
90$24,279,630$1,918,319$249,864$16,357,280
91$26,634,234$1,890,399$136,316$17,863,269
92$29,225,168$1,857,271$15,125$19,520,319
93$32,076,415$1,818,557$0$21,343,862
94$35,214,404$1,773,861$0$23,369,190
95$38,668,252$1,722,759$0$25,600,551
96$42,470,046$1,664,806$0$28,056,260
97$46,655,138$1,599,529$0$30,759,173
98$51,262,483$1,526,427$0$33,734,483
99$56,335,006$1,444,971$0$37,009,952
100$61,920,004$1,354,602$0$40,616,179