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%17.3%
1 years$116,436$115,399$114,387$113,400$112,435$109,099
2 years$57,642$56,568$55,528$54,519$53,541$50,206
3 years$38,046$36,968$35,930$34,931$33,968$30,741
4 years$28,250$27,175$26,148$25,166$24,227$21,131
5 years$22,374$21,306$20,292$19,330$18,417$15,462
6 years$18,458$17,398$16,399$15,458$14,572$11,760
7 years$15,662$14,611$13,628$12,709$11,851$9,182
8 years$13,566$12,524$11,557$10,661$9,832$7,304
9 years$11,937$10,904$9,954$9,081$8,280$5,890
10 years$10,634$9,612$8,678$7,828$7,055$4,801
11 years$9,569$8,557$7,640$6,813$6,067$3,945
12 years$8,681$7,680$6,781$5,976$5,258$3,262
13 years$7,931$6,941$6,058$5,276$4,585$2,712
14 years$7,289$6,309$5,443$4,683$4,019$2,264
15 years$6,733$5,763$4,914$4,176$3,539$1,897
16 years$6,247$5,288$4,456$3,740$3,128$1,593
17 years$5,818$4,870$4,054$3,360$2,773$1,342
18 years$5,438$4,500$3,701$3,028$2,466$1,132
19 years$5,098$4,170$3,388$2,736$2,198$956
20 years$4,792$3,875$3,110$2,478$1,963$809
21 years$4,516$3,610$2,860$2,249$1,757$686
22 years$4,265$3,370$2,636$2,045$1,575$581
23 years$4,037$3,151$2,434$1,862$1,414$493
24 years$3,827$2,953$2,251$1,698$1,270$419
25 years$3,635$2,771$2,085$1,551$1,143$356
26 years$3,458$2,604$1,934$1,418$1,030$303
27 years$3,294$2,451$1,796$1,298$928$257
28 years$3,143$2,309$1,669$1,189$838$219
29 years$3,002$2,179$1,553$1,091$756$186
30 years$2,870$2,058$1,447$1,001$684$159
31 years$2,747$1,945$1,349$919$618$135
32 years$2,633$1,840$1,259$845$559$115
33 years$2,525$1,743$1,175$777$506$98
34 years$2,424$1,652$1,098$715$458$83
35 years$2,329$1,567$1,026$658$415$71
36 years$2,239$1,487$960$606$376$61
37 years$2,155$1,412$899$558$341$52
38 years$2,075$1,342$842$515$309$44
39 years$1,999$1,276$789$475$280$38
40 years$1,928$1,214$739$438$254$32
41 years$1,860$1,156$693$404$230$27
42 years$1,795$1,101$650$373$209$23
43 years$1,734$1,049$610$344$190$20
44 years$1,675$1,000$573$318$172$17
45 years$1,620$953$538$293$156$14
46 years$1,566$910$505$271$142$12
47 years$1,516$868$474$250$129$10
48 years$1,467$829$446$231$117$9
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$6

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 $6,437 every year, while hoping to spend $33,550 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: 54/31/15 Blend
56$1,410,000$1,410,000$1,410,000$1,410,000
57$1,560,460$1,485,730$1,463,875$1,638,180
58$1,683,930$1,522,834$1,477,218$1,728,977
59$1,818,869$1,560,631$1,489,883$1,823,616
60$1,966,413$1,599,121$1,501,813$1,925,869
61$2,127,809$1,638,300$1,512,946$2,036,470
62$2,304,434$1,678,165$1,523,218$2,156,224
63$2,497,801$1,718,710$1,532,561$2,286,023
64$2,709,579$1,759,929$1,540,904$2,426,844
65$2,941,604$1,801,813$1,548,172$2,579,766
66$3,195,898$1,844,353$1,554,286$2,745,978
67$3,474,689$1,887,536$1,559,164$2,926,789
68$3,780,431$1,931,348$1,562,719$3,123,640
69$4,115,824$1,975,774$1,564,860$3,338,120
70$4,483,847$2,020,795$1,565,491$3,571,980
71$4,887,776$2,066,391$1,564,512$3,827,148
72$5,331,222$2,112,538$1,561,817$4,105,750
73$5,818,165$2,159,210$1,557,296$4,410,127
74$6,352,985$2,206,379$1,550,833$4,742,859
75$6,940,511$2,254,012$1,542,306$5,106,791
76$7,586,058$2,302,074$1,531,589$5,505,055
77$8,295,486$2,350,526$1,518,547$5,941,103
78$9,075,249$2,399,325$1,503,042$6,418,743
79$9,932,457$2,448,424$1,484,926$6,942,165
80$10,874,943$2,497,773$1,464,047$7,515,993
81$11,911,339$2,547,314$1,440,244$8,145,319
82$13,051,151$2,596,989$1,413,348$8,835,756
83$14,304,858$2,646,731$1,383,184$9,593,490
84$15,684,001$2,696,468$1,349,569$10,425,337
85$17,201,299$2,746,124$1,312,309$11,338,811
86$18,870,763$2,795,616$1,271,202$12,342,193
87$20,707,832$2,844,853$1,226,039$13,444,608
88$22,729,519$2,893,738$1,176,599$14,656,114
89$24,954,566$2,942,168$1,122,652$15,987,796
90$27,403,627$2,990,030$1,063,956$17,451,869
91$30,099,459$3,037,203$1,000,261$19,061,799
92$33,067,137$3,083,559$931,302$20,832,425
93$36,334,290$3,128,958$856,806$22,780,100
94$39,931,363$3,173,253$776,484$24,922,849
95$43,891,904$3,216,284$690,038$27,280,538
96$48,252,877$3,257,881$597,153$29,875,060
97$53,055,015$3,297,862$497,503$32,730,545
98$58,343,202$3,336,033$390,745$35,873,586
99$64,166,897$3,372,186$276,523$39,333,492
100$70,580,598$3,406,101$154,464$43,142,566