Can I retire at age 57 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$115,611$114,581$113,576$112,596$111,638$110,061
2 years$57,233$56,167$55,134$54,132$53,161$51,575
3 years$37,776$36,706$35,675$34,683$33,727$32,182
4 years$28,050$26,983$25,963$24,987$24,055$22,562
5 years$22,216$21,155$20,148$19,193$18,286$16,850
6 years$18,327$17,274$16,283$15,349$14,469$13,091
7 years$15,551$14,507$13,531$12,619$11,767$10,448
8 years$13,470$12,435$11,475$10,586$9,762$8,502
9 years$11,852$10,827$9,884$9,017$8,221$7,019
10 years$10,558$9,544$8,617$7,772$7,005$5,860
11 years$9,501$8,496$7,586$6,764$6,024$4,936
12 years$8,620$7,626$6,732$5,933$5,221$4,187
13 years$7,875$6,891$6,015$5,238$4,552$3,572
14 years$7,237$6,264$5,405$4,650$3,991$3,063
15 years$6,685$5,722$4,880$4,147$3,514$2,636
16 years$6,203$5,250$4,424$3,713$3,105$2,277
17 years$5,777$4,835$4,026$3,336$2,753$1,972
18 years$5,399$4,468$3,675$3,007$2,448$1,712
19 years$5,062$4,141$3,364$2,717$2,182$1,489
20 years$4,758$3,848$3,088$2,460$1,949$1,297
21 years$4,484$3,584$2,840$2,233$1,744$1,132
22 years$4,235$3,346$2,617$2,030$1,563$990
23 years$4,008$3,129$2,417$1,849$1,403$866
24 years$3,800$2,932$2,235$1,686$1,261$758
25 years$3,609$2,751$2,070$1,540$1,135$665
26 years$3,434$2,586$1,920$1,408$1,022$583
27 years$3,271$2,434$1,783$1,289$922$512
28 years$3,120$2,293$1,657$1,181$832$449
29 years$2,980$2,163$1,542$1,083$751$395
30 years$2,850$2,043$1,437$994$679$347
31 years$2,728$1,931$1,339$913$614$305
32 years$2,614$1,827$1,250$839$555$269
33 years$2,507$1,731$1,167$771$502$236
34 years$2,407$1,640$1,090$710$455$208
35 years$2,312$1,556$1,019$653$412$183
36 years$2,224$1,477$953$602$373$161
37 years$2,140$1,402$892$554$338$142
38 years$2,060$1,333$836$511$307$125
39 years$1,985$1,267$783$471$278$110
40 years$1,914$1,206$734$435$252$97
41 years$1,847$1,148$688$401$229$86
42 years$1,782$1,093$646$370$208$75
43 years$1,721$1,042$606$342$188$66
44 years$1,663$993$569$315$171$59
45 years$1,608$947$534$291$155$52
46 years$1,555$903$501$269$141$45
47 years$1,505$862$471$249$128$40
48 years$1,457$823$443$230$116$35
49 years$1,411$786$416$212$106$31
50 years$1,367$751$391$196$96$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,400,000, adding $3,317 every year, while hoping to spend $46,056 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: 71/12/17 Blend
56$1,400,000$1,400,000$1,400,000$1,400,000
57$1,546,221$1,472,021$1,450,321$1,649,620
58$1,654,933$1,495,147$1,449,904$1,741,919
59$1,773,189$1,517,863$1,447,929$1,837,087
60$1,901,915$1,540,099$1,444,296$1,940,099
61$2,042,129$1,561,782$1,438,898$2,051,725
62$2,194,951$1,582,834$1,431,626$2,172,810
63$2,361,613$1,603,170$1,422,362$2,304,289
64$2,543,472$1,622,700$1,410,986$2,447,190
65$2,742,021$1,641,327$1,397,369$2,602,647
66$2,958,905$1,658,949$1,381,378$2,771,911
67$3,195,932$1,675,457$1,362,873$2,956,359
68$3,455,095$1,690,733$1,341,708$3,157,509
69$3,738,589$1,704,652$1,317,728$3,377,036
70$4,048,827$1,717,082$1,290,775$3,616,784
71$4,388,470$1,727,882$1,260,678$3,878,787
72$4,760,447$1,736,901$1,227,264$4,165,288
73$5,167,982$1,743,979$1,190,347$4,478,756
74$5,614,628$1,748,946$1,149,735$4,821,918
75$6,104,296$1,751,620$1,105,227$5,197,774
76$6,641,295$1,751,811$1,056,614$5,609,635
77$7,230,371$1,749,313$1,003,674$6,061,151
78$7,876,750$1,743,910$946,178$6,556,342
79$8,586,189$1,735,373$883,885$7,099,644
80$9,365,030$1,723,456$816,546$7,695,942
81$10,220,260$1,707,901$743,896$8,350,625
82$11,159,572$1,688,434$665,662$9,069,630
83$12,191,445$1,664,764$581,559$9,859,505
84$13,325,217$1,636,583$491,286$10,727,465
85$14,571,177$1,603,563$394,531$11,681,463
86$15,940,658$1,565,359$290,970$12,730,268
87$17,446,148$1,521,604$180,260$13,883,544
88$19,101,404$1,471,911$62,047$15,151,943
89$20,921,582$1,415,870$0$16,547,208
90$22,923,381$1,353,045$0$18,093,910
91$25,125,198$1,282,977$0$19,807,454
92$27,547,306$1,205,180$0$21,692,373
93$30,212,038$1,119,141$0$23,766,075
94$33,144,002$1,024,315$0$26,047,746
95$36,370,312$920,128$0$28,558,528
96$39,920,842$805,973$0$31,321,719
97$43,828,511$681,208$0$34,362,992
98$48,129,588$545,156$0$37,710,639
99$52,864,037$397,100$0$41,395,840
100$58,075,895$236,284$0$45,452,954