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%20%
1 years$114,785$113,762$112,765$111,791$110,841$106,401
2 years$56,824$55,766$54,740$53,746$52,781$48,364
3 years$37,507$36,444$35,421$34,435$33,487$29,231
4 years$27,850$26,790$25,777$24,809$23,883$19,821
5 years$22,057$21,004$20,004$19,056$18,155$14,298
6 years$18,196$17,151$16,166$15,239$14,366$10,715
7 years$15,440$14,403$13,434$12,529$11,683$8,238
8 years$13,374$12,346$11,393$10,510$9,692$6,449
9 years$11,767$10,750$9,813$8,952$8,162$5,116
10 years$10,483$9,475$8,555$7,717$6,955$4,099
11 years$9,433$8,435$7,532$6,716$5,981$3,309
12 years$8,558$7,571$6,684$5,891$5,183$2,688
13 years$7,819$6,842$5,972$5,201$4,520$2,194
14 years$7,186$6,219$5,366$4,617$3,962$1,797
15 years$6,637$5,681$4,845$4,117$3,489$1,477
16 years$6,158$5,213$4,392$3,687$3,083$1,217
17 years$5,736$4,801$3,997$3,312$2,734$1,004
18 years$5,361$4,436$3,649$2,985$2,431$830
19 years$5,025$4,111$3,340$2,697$2,167$688
20 years$4,724$3,820$3,065$2,443$1,935$570
21 years$4,452$3,559$2,820$2,217$1,732$473
22 years$4,205$3,322$2,599$2,016$1,552$393
23 years$3,979$3,107$2,399$1,836$1,393$326
24 years$3,773$2,911$2,219$1,674$1,252$271
25 years$3,584$2,732$2,055$1,529$1,127$225
26 years$3,409$2,567$1,906$1,398$1,015$188
27 years$3,248$2,416$1,770$1,280$915$156
28 years$3,098$2,277$1,646$1,173$826$130
29 years$2,959$2,148$1,531$1,075$746$108
30 years$2,829$2,028$1,426$987$674$90
31 years$2,709$1,918$1,330$906$609$75
32 years$2,595$1,814$1,241$833$551$62
33 years$2,489$1,718$1,158$766$499$52
34 years$2,390$1,628$1,082$705$452$43
35 years$2,296$1,545$1,012$649$409$36
36 years$2,208$1,466$947$597$371$30
37 years$2,124$1,392$886$551$336$25
38 years$2,046$1,323$830$507$304$21
39 years$1,971$1,258$777$468$276$17
40 years$1,900$1,197$729$432$250$14
41 years$1,833$1,140$683$398$227$12
42 years$1,770$1,085$641$367$206$10
43 years$1,709$1,034$601$339$187$8
44 years$1,652$986$565$313$170$7
45 years$1,597$940$530$289$154$6
46 years$1,544$897$498$267$140$5
47 years$1,494$856$468$247$127$4
48 years$1,447$817$440$228$115$3
49 years$1,401$780$413$211$105$3
50 years$1,357$745$388$195$95$2

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 $4,575 every year, while hoping to spend $34,357 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: 47/27/26 Blend
56$1,390,000$1,390,000$1,390,000$1,390,000
57$1,536,499$1,462,829$1,441,284$1,597,089
58$1,656,666$1,497,952$1,453,012$1,675,312
59$1,787,939$1,533,645$1,463,980$1,756,441
60$1,931,414$1,569,898$1,474,129$1,843,830
61$2,088,299$1,606,703$1,483,392$1,938,086
62$2,259,921$1,644,048$1,491,702$2,039,874
63$2,447,746$1,681,919$1,498,987$2,149,931
64$2,653,384$1,720,301$1,505,171$2,269,066
65$2,878,610$1,759,177$1,510,175$2,398,172
66$3,125,378$1,798,527$1,513,916$2,538,233
67$3,395,841$1,838,329$1,516,306$2,690,335
68$3,692,369$1,878,559$1,517,255$2,855,675
69$4,017,573$1,919,190$1,516,665$3,035,570
70$4,374,328$1,960,193$1,514,435$3,231,475
71$4,765,801$2,001,534$1,510,461$3,444,992
72$5,195,481$2,043,178$1,504,629$3,677,889
73$5,667,210$2,085,084$1,496,825$3,932,113
74$6,185,223$2,127,210$1,486,926$4,209,812
75$6,754,181$2,169,510$1,474,804$4,513,353
76$7,379,223$2,211,930$1,460,325$4,845,348
77$8,066,006$2,254,417$1,443,348$5,208,673
78$8,820,765$2,296,911$1,423,727$5,606,501
79$9,650,369$2,339,345$1,401,307$6,042,329
80$10,562,383$2,381,650$1,375,928$6,520,015
81$11,565,145$2,423,749$1,347,420$7,043,808
82$12,667,839$2,465,562$1,315,608$7,618,396
83$13,880,583$2,506,999$1,280,305$8,248,944
84$15,214,527$2,547,967$1,241,320$8,941,149
85$16,681,955$2,588,362$1,198,450$9,701,291
86$18,296,399$2,628,077$1,151,483$10,536,290
87$20,072,773$2,666,994$1,100,199$11,453,778
88$22,027,506$2,704,987$1,044,366$12,462,169
89$24,178,703$2,741,922$983,743$13,570,735
90$26,546,309$2,777,656$918,077$14,789,699
91$29,152,305$2,812,033$847,105$16,130,332
92$32,020,909$2,844,891$770,552$17,605,055
93$35,178,804$2,876,053$688,128$19,227,565
94$38,655,395$2,905,333$599,533$21,012,955
95$42,483,082$2,932,531$504,454$22,977,868
96$46,697,565$2,957,434$402,562$25,140,644
97$51,338,184$2,979,815$293,515$27,521,505
98$56,448,285$2,999,433$176,954$30,142,736
99$62,075,636$3,016,031$52,508$33,028,905
100$68,272,870$3,029,335$0$36,207,092