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%18.3%
1 years$114,785$113,762$112,765$111,791$110,841$107,121
2 years$56,824$55,766$54,740$53,746$52,781$49,071
3 years$37,507$36,444$35,421$34,435$33,487$29,901
4 years$27,850$26,790$25,777$24,809$23,883$20,450
5 years$22,057$21,004$20,004$19,056$18,155$14,885
6 years$18,196$17,151$16,166$15,239$14,366$11,260
7 years$15,440$14,403$13,434$12,529$11,683$8,741
8 years$13,374$12,346$11,393$10,510$9,692$6,912
9 years$11,767$10,750$9,813$8,952$8,162$5,541
10 years$10,483$9,475$8,555$7,717$6,955$4,487
11 years$9,433$8,435$7,532$6,716$5,981$3,664
12 years$8,558$7,571$6,684$5,891$5,183$3,010
13 years$7,819$6,842$5,972$5,201$4,520$2,485
14 years$7,186$6,219$5,366$4,617$3,962$2,060
15 years$6,637$5,681$4,845$4,117$3,489$1,714
16 years$6,158$5,213$4,392$3,687$3,083$1,429
17 years$5,736$4,801$3,997$3,312$2,734$1,195
18 years$5,361$4,436$3,649$2,985$2,431$1,001
19 years$5,025$4,111$3,340$2,697$2,167$839
20 years$4,724$3,820$3,065$2,443$1,935$705
21 years$4,452$3,559$2,820$2,217$1,732$592
22 years$4,205$3,322$2,599$2,016$1,552$498
23 years$3,979$3,107$2,399$1,836$1,393$420
24 years$3,773$2,911$2,219$1,674$1,252$354
25 years$3,584$2,732$2,055$1,529$1,127$298
26 years$3,409$2,567$1,906$1,398$1,015$251
27 years$3,248$2,416$1,770$1,280$915$212
28 years$3,098$2,277$1,646$1,173$826$179
29 years$2,959$2,148$1,531$1,075$746$151
30 years$2,829$2,028$1,426$987$674$128
31 years$2,709$1,918$1,330$906$609$108
32 years$2,595$1,814$1,241$833$551$91
33 years$2,489$1,718$1,158$766$499$77
34 years$2,390$1,628$1,082$705$452$65
35 years$2,296$1,545$1,012$649$409$55
36 years$2,208$1,466$947$597$371$46
37 years$2,124$1,392$886$551$336$39
38 years$2,046$1,323$830$507$304$33
39 years$1,971$1,258$777$468$276$28
40 years$1,900$1,197$729$432$250$24
41 years$1,833$1,140$683$398$227$20
42 years$1,770$1,085$641$367$206$17
43 years$1,709$1,034$601$339$187$14
44 years$1,652$986$565$313$170$12
45 years$1,597$940$530$289$154$10
46 years$1,544$897$498$267$140$9
47 years$1,494$856$468$247$127$7
48 years$1,447$817$440$228$115$6
49 years$1,401$780$413$211$105$5
50 years$1,357$745$388$195$95$4

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 $2,659 every year, while hoping to spend $37,507 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: 54/29/17 Blend
56$1,390,000$1,390,000$1,390,000$1,390,000
57$1,534,523$1,460,853$1,439,308$1,610,243
58$1,651,137$1,492,527$1,447,617$1,693,932
59$1,778,389$1,524,497$1,454,948$1,780,765
60$1,917,323$1,556,736$1,461,228$1,874,450
61$2,069,092$1,589,218$1,466,381$1,975,651
62$2,234,961$1,621,912$1,470,327$2,085,099
63$2,416,326$1,654,784$1,472,981$2,203,599
64$2,614,722$1,687,800$1,474,257$2,332,038
65$2,831,841$1,720,918$1,474,061$2,471,396
66$3,069,543$1,754,098$1,472,297$2,622,748
67$3,329,880$1,787,293$1,468,863$2,787,285
68$3,615,110$1,820,452$1,463,652$2,966,316
69$3,927,719$1,853,522$1,456,552$3,161,285
70$4,270,446$1,886,444$1,447,446$3,373,783
71$4,646,307$1,919,156$1,436,211$3,605,564
72$5,058,625$1,951,589$1,422,719$3,858,563
73$5,511,059$1,983,670$1,406,834$4,134,912
74$6,007,639$2,015,322$1,388,415$4,436,960
75$6,552,805$2,046,461$1,367,314$4,767,297
76$7,151,449$2,076,995$1,343,377$5,128,781
77$7,808,958$2,106,828$1,316,440$5,524,559
78$8,531,266$2,135,857$1,286,336$5,958,102
79$9,324,912$2,163,971$1,252,885$6,433,236
80$10,197,099$2,191,052$1,215,903$6,954,178
81$11,155,762$2,216,973$1,175,195$7,525,579
82$12,209,644$2,241,598$1,130,557$8,152,564
83$13,368,375$2,264,784$1,081,778$8,840,783
84$14,642,567$2,286,376$1,028,636$9,596,465
85$16,043,911$2,306,211$970,897$10,426,478
86$17,585,288$2,324,113$908,321$11,338,390
87$19,280,889$2,339,897$840,652$12,340,546
88$21,146,352$2,353,364$767,626$13,442,144
89$23,198,905$2,364,304$688,966$14,653,324
90$25,457,531$2,372,492$604,384$15,985,263
91$27,943,145$2,377,690$513,576$17,450,284
92$30,678,793$2,379,644$416,228$19,061,966
93$33,689,869$2,378,085$312,011$20,835,283
94$37,004,352$2,372,729$200,580$22,786,738
95$40,653,074$2,363,270$81,578$24,934,522
96$44,670,005$2,349,388$0$27,298,686
97$49,092,578$2,330,740$0$29,909,574
98$53,962,039$2,306,965$0$32,799,636
99$59,323,840$2,277,679$0$35,980,989
100$65,228,060$2,242,474$0$39,483,312