Can I retire at age 57 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$116,436$115,399$114,387$113,400$112,435$109,673
2 years$57,642$56,568$55,528$54,519$53,541$50,774
3 years$38,046$36,968$35,930$34,931$33,968$31,285
4 years$28,250$27,175$26,148$25,166$24,227$21,647
5 years$22,374$21,306$20,292$19,330$18,417$15,947
6 years$18,458$17,398$16,399$15,458$14,572$12,216
7 years$15,662$14,611$13,628$12,709$11,851$9,609
8 years$13,566$12,524$11,557$10,661$9,832$7,702
9 years$11,937$10,904$9,954$9,081$8,280$6,260
10 years$10,634$9,612$8,678$7,828$7,055$5,144
11 years$9,569$8,557$7,640$6,813$6,067$4,262
12 years$8,681$7,680$6,781$5,976$5,258$3,555
13 years$7,931$6,941$6,058$5,276$4,585$2,981
14 years$7,289$6,309$5,443$4,683$4,019$2,511
15 years$6,733$5,763$4,914$4,176$3,539$2,123
16 years$6,247$5,288$4,456$3,740$3,128$1,800
17 years$5,818$4,870$4,054$3,360$2,773$1,530
18 years$5,438$4,500$3,701$3,028$2,466$1,303
19 years$5,098$4,170$3,388$2,736$2,198$1,112
20 years$4,792$3,875$3,110$2,478$1,963$951
21 years$4,516$3,610$2,860$2,249$1,757$813
22 years$4,265$3,370$2,636$2,045$1,575$697
23 years$4,037$3,151$2,434$1,862$1,414$597
24 years$3,827$2,953$2,251$1,698$1,270$513
25 years$3,635$2,771$2,085$1,551$1,143$440
26 years$3,458$2,604$1,934$1,418$1,030$378
27 years$3,294$2,451$1,796$1,298$928$325
28 years$3,143$2,309$1,669$1,189$838$279
29 years$3,002$2,179$1,553$1,091$756$240
30 years$2,870$2,058$1,447$1,001$684$207
31 years$2,747$1,945$1,349$919$618$178
32 years$2,633$1,840$1,259$845$559$153
33 years$2,525$1,743$1,175$777$506$132
34 years$2,424$1,652$1,098$715$458$114
35 years$2,329$1,567$1,026$658$415$98
36 years$2,239$1,487$960$606$376$84
37 years$2,155$1,412$899$558$341$73
38 years$2,075$1,342$842$515$309$63
39 years$1,999$1,276$789$475$280$54
40 years$1,928$1,214$739$438$254$46
41 years$1,860$1,156$693$404$230$40
42 years$1,795$1,101$650$373$209$35
43 years$1,734$1,049$610$344$190$30
44 years$1,675$1,000$573$318$172$26
45 years$1,620$953$538$293$156$22
46 years$1,566$910$505$271$142$19
47 years$1,516$868$474$250$129$16
48 years$1,467$829$446$231$117$14
49 years$1,421$791$419$214$106$12
50 years$1,377$756$394$198$97$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,410,000, adding $2,859 every year, while hoping to spend $54,599 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: 55/23/22 Blend
56$1,410,000$1,410,000$1,410,000$1,410,000
57$1,556,769$1,482,039$1,460,184$1,632,911
58$1,657,467$1,496,566$1,451,007$1,699,924
59$1,766,605$1,509,975$1,439,693$1,766,873
60$1,884,989$1,522,153$1,426,113$1,838,616
61$2,013,500$1,532,981$1,410,130$1,915,631
62$2,153,111$1,542,332$1,391,603$1,998,443
63$2,304,891$1,550,069$1,370,385$2,087,634
64$2,470,016$1,556,048$1,346,318$2,183,846
65$2,649,779$1,560,115$1,319,241$2,287,791
66$2,845,604$1,562,109$1,288,984$2,400,252
67$3,059,059$1,561,855$1,255,368$2,522,097
68$3,291,866$1,559,169$1,218,206$2,654,285
69$3,545,925$1,553,857$1,177,304$2,797,875
70$3,823,323$1,545,710$1,132,458$2,954,036
71$4,126,362$1,534,509$1,083,455$3,124,062
72$4,457,571$1,520,021$1,030,071$3,309,379
73$4,819,739$1,501,998$972,074$3,511,565
74$5,215,934$1,480,177$909,221$3,732,361
75$5,649,536$1,454,282$841,256$3,973,691
76$6,124,264$1,424,018$767,914$4,237,678
77$6,644,217$1,389,073$688,916$4,526,667
78$7,213,906$1,349,116$603,974$4,843,249
79$7,838,301$1,303,800$512,784$5,190,282
80$8,522,875$1,252,752$415,029$5,570,921
81$9,273,654$1,195,583$310,378$5,988,652
82$10,097,279$1,131,879$198,488$6,447,319
83$11,001,061$1,061,200$78,997$6,951,168
84$11,993,055$983,086$0$7,504,884
85$13,082,134$897,044$0$8,125,027
86$14,278,072$802,560$0$8,826,443
87$15,591,634$699,084$0$9,596,962
88$17,034,682$586,040$0$10,443,632
89$18,620,281$462,817$0$11,374,226
90$20,362,824$328,770$0$12,397,309
91$22,278,170$183,218$0$13,522,329
92$24,383,789$25,441$0$14,759,701
93$26,698,929$0$0$16,120,906
94$29,244,794$0$0$17,655,382
95$32,044,749$0$0$19,350,233
96$35,124,534$0$0$21,214,620
97$38,512,511$0$0$23,265,731
98$42,239,928$0$0$25,522,502
99$46,341,214$0$0$28,005,799
100$50,854,305$0$0$30,738,612