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

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$116,436$115,399$114,387$113,400$112,435$109,851
2 years$57,642$56,568$55,528$54,519$53,541$50,951
3 years$38,046$36,968$35,930$34,931$33,968$31,455
4 years$28,250$27,175$26,148$25,166$24,227$21,808
5 years$22,374$21,306$20,292$19,330$18,417$16,100
6 years$18,458$17,398$16,399$15,458$14,572$12,360
7 years$15,662$14,611$13,628$12,709$11,851$9,744
8 years$13,566$12,524$11,557$10,661$9,832$7,828
9 years$11,937$10,904$9,954$9,081$8,280$6,379
10 years$10,634$9,612$8,678$7,828$7,055$5,254
11 years$9,569$8,557$7,640$6,813$6,067$4,364
12 years$8,681$7,680$6,781$5,976$5,258$3,650
13 years$7,931$6,941$6,058$5,276$4,585$3,069
14 years$7,289$6,309$5,443$4,683$4,019$2,592
15 years$6,733$5,763$4,914$4,176$3,539$2,198
16 years$6,247$5,288$4,456$3,740$3,128$1,869
17 years$5,818$4,870$4,054$3,360$2,773$1,593
18 years$5,438$4,500$3,701$3,028$2,466$1,361
19 years$5,098$4,170$3,388$2,736$2,198$1,165
20 years$4,792$3,875$3,110$2,478$1,963$999
21 years$4,516$3,610$2,860$2,249$1,757$857
22 years$4,265$3,370$2,636$2,045$1,575$736
23 years$4,037$3,151$2,434$1,862$1,414$633
24 years$3,827$2,953$2,251$1,698$1,270$545
25 years$3,635$2,771$2,085$1,551$1,143$470
26 years$3,458$2,604$1,934$1,418$1,030$405
27 years$3,294$2,451$1,796$1,298$928$349
28 years$3,143$2,309$1,669$1,189$838$301
29 years$3,002$2,179$1,553$1,091$756$260
30 years$2,870$2,058$1,447$1,001$684$224
31 years$2,747$1,945$1,349$919$618$194
32 years$2,633$1,840$1,259$845$559$167
33 years$2,525$1,743$1,175$777$506$145
34 years$2,424$1,652$1,098$715$458$125
35 years$2,329$1,567$1,026$658$415$108
36 years$2,239$1,487$960$606$376$93
37 years$2,155$1,412$899$558$341$81
38 years$2,075$1,342$842$515$309$70
39 years$1,999$1,276$789$475$280$60
40 years$1,928$1,214$739$438$254$52
41 years$1,860$1,156$693$404$230$45
42 years$1,795$1,101$650$373$209$39
43 years$1,734$1,049$610$344$190$34
44 years$1,675$1,000$573$318$172$29
45 years$1,620$953$538$293$156$25
46 years$1,566$910$505$271$142$22
47 years$1,516$868$474$250$129$19
48 years$1,467$829$446$231$117$16
49 years$1,421$791$419$214$106$14
50 years$1,377$756$394$198$97$12

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 $5,176 every year, while hoping to spend $46,887 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: 65/30/5 Blend
56$1,410,000$1,410,000$1,410,000$1,410,000
57$1,559,159$1,484,429$1,462,574$1,659,113
58$1,668,306$1,507,279$1,461,683$1,749,005
59$1,787,014$1,529,676$1,459,190$1,841,085
60$1,916,210$1,551,551$1,454,993$1,940,429
61$2,056,911$1,572,825$1,448,984$2,047,737
62$2,210,240$1,593,417$1,441,048$2,163,778
63$2,377,429$1,613,239$1,431,068$2,289,405
64$2,559,836$1,632,197$1,418,918$2,425,553
65$2,758,956$1,650,191$1,404,469$2,573,256
66$2,976,433$1,667,115$1,387,582$2,733,649
67$3,214,080$1,682,853$1,368,116$2,907,989
68$3,473,889$1,697,286$1,345,921$3,097,657
69$3,758,055$1,710,283$1,320,839$3,304,177
70$4,068,996$1,721,706$1,292,707$3,529,228
71$4,409,373$1,731,409$1,261,352$3,774,661
72$4,782,117$1,739,236$1,226,595$4,042,519
73$5,190,455$1,745,020$1,188,248$4,335,051
74$5,637,941$1,748,586$1,146,114$4,654,737
75$6,128,489$1,749,745$1,099,987$5,004,311
76$6,666,411$1,748,298$1,049,652$5,386,788
77$7,256,454$1,744,034$994,885$5,805,492
78$7,903,850$1,736,729$935,451$6,264,085
79$8,614,357$1,726,144$871,103$6,766,606
80$9,394,322$1,712,025$801,586$7,317,509
81$10,250,735$1,694,106$726,631$7,921,702
82$11,191,294$1,672,102$645,957$8,584,597
83$12,224,483$1,645,712$559,274$9,312,159
84$13,359,645$1,614,616$466,274$10,110,966
85$14,607,074$1,578,477$366,639$10,988,268
86$15,978,109$1,536,937$260,036$11,952,060
87$17,485,246$1,489,616$146,116$13,011,153
88$19,142,248$1,436,114$24,518$14,175,262
89$20,964,279$1,376,006$0$15,455,096
90$22,968,048$1,308,842$0$16,868,077
91$25,171,961$1,234,148$0$18,423,366
92$27,596,300$1,151,421$0$20,134,021
93$30,263,412$1,060,129$0$22,015,883
94$33,197,915$959,711$0$24,086,411
95$36,426,939$849,573$0$26,364,849
96$39,980,372$729,087$0$28,872,410
97$43,891,149$597,592$0$31,632,476
98$48,195,558$454,385$0$34,670,820
99$52,933,583$298,728$0$38,015,851
100$58,149,282$129,839$0$41,698,880