Can I retire at age 57 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$117,262$116,218$115,199$114,204$113,233$109,346
2 years$58,051$56,969$55,922$54,906$53,920$50,044
3 years$38,316$37,230$36,185$35,179$34,209$30,465
4 years$28,451$27,368$26,333$25,344$24,398$20,815
5 years$22,533$21,457$20,436$19,467$18,547$15,134
6 years$18,589$17,521$16,515$15,568$14,676$11,436
7 years$15,773$14,714$13,724$12,799$11,935$8,868
8 years$13,662$12,613$11,639$10,737$9,902$7,004
9 years$12,021$10,982$10,025$9,145$8,339$5,607
10 years$10,709$9,680$8,740$7,883$7,105$4,536
11 years$9,636$8,617$7,694$6,861$6,110$3,698
12 years$8,743$7,735$6,829$6,018$5,295$3,034
13 years$7,988$6,990$6,101$5,313$4,617$2,502
14 years$7,341$6,354$5,482$4,716$4,048$2,071
15 years$6,781$5,804$4,949$4,206$3,564$1,720
16 years$6,291$5,325$4,487$3,766$3,150$1,433
17 years$5,860$4,904$4,083$3,384$2,793$1,196
18 years$5,476$4,532$3,727$3,049$2,483$1,000
19 years$5,134$4,200$3,412$2,755$2,213$837
20 years$4,826$3,903$3,132$2,496$1,977$702
21 years$4,548$3,635$2,880$2,265$1,769$589
22 years$4,295$3,393$2,655$2,059$1,586$495
23 years$4,065$3,174$2,451$1,875$1,424$416
24 years$3,855$2,974$2,267$1,711$1,280$350
25 years$3,661$2,791$2,100$1,562$1,151$295
26 years$3,483$2,623$1,947$1,428$1,037$248
27 years$3,318$2,468$1,808$1,307$935$209
28 years$3,165$2,326$1,681$1,198$844$176
29 years$3,023$2,194$1,564$1,098$762$148
30 years$2,891$2,072$1,457$1,008$688$125
31 years$2,767$1,959$1,358$926$622$105
32 years$2,651$1,854$1,267$851$563$89
33 years$2,543$1,755$1,183$782$509$75
34 years$2,441$1,664$1,106$720$461$63
35 years$2,346$1,578$1,034$663$418$53
36 years$2,255$1,498$967$610$379$45
37 years$2,170$1,422$905$562$343$38
38 years$2,090$1,352$848$518$311$32
39 years$2,014$1,285$794$478$282$27
40 years$1,941$1,223$744$441$256$23
41 years$1,873$1,164$698$407$232$19
42 years$1,808$1,109$655$375$211$16
43 years$1,746$1,056$614$347$191$14
44 years$1,687$1,007$577$320$173$12
45 years$1,631$960$541$295$158$10
46 years$1,578$916$509$273$143$8
47 years$1,527$874$478$252$130$7
48 years$1,478$835$449$233$118$6
49 years$1,431$797$422$215$107$5
50 years$1,386$761$397$199$97$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,420,000, adding $3,346 every year, while hoping to spend $53,334 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: 72/13/15 Blend
56$1,420,000$1,420,000$1,420,000$1,420,000
57$1,568,291$1,493,031$1,471,021$1,675,702
58$1,671,510$1,509,443$1,463,554$1,763,787
59$1,783,470$1,524,871$1,454,048$1,853,402
60$1,905,005$1,539,212$1,442,380$1,950,137
61$2,037,036$1,552,353$1,428,420$2,054,684
62$2,180,571$1,564,176$1,412,030$2,167,809
63$2,336,724$1,574,555$1,393,067$2,290,354
64$2,506,716$1,583,355$1,371,382$2,423,248
65$2,691,895$1,590,433$1,346,817$2,567,517
66$2,893,742$1,595,637$1,319,208$2,724,287
67$3,113,885$1,598,805$1,288,384$2,894,806
68$3,354,120$1,599,766$1,254,164$3,080,445
69$3,616,422$1,598,336$1,216,359$3,282,716
70$3,902,964$1,594,321$1,174,775$3,503,290
71$4,216,140$1,587,517$1,129,203$3,744,003
72$4,558,585$1,577,703$1,079,430$4,006,885
73$4,933,199$1,564,650$1,025,230$4,294,171
74$5,343,178$1,548,110$966,368$4,608,326
75$5,792,039$1,527,824$902,597$4,952,066
76$6,283,655$1,503,516$833,662$5,328,390
77$6,822,292$1,474,892$759,294$5,740,598
78$7,412,648$1,441,644$679,212$6,192,335
79$8,059,896$1,403,442$593,124$6,687,614
80$8,769,735$1,359,940$500,723$7,230,862
81$9,548,441$1,310,770$401,690$7,826,961
82$10,402,927$1,255,543$295,692$8,481,290
83$11,340,807$1,193,847$182,380$9,199,782
84$12,370,470$1,125,246$61,391$9,988,975
85$13,501,156$1,049,280$0$10,856,081
86$14,743,041$965,463$0$11,819,887
87$16,107,339$873,278$0$12,889,505
88$17,606,401$772,182$0$14,064,826
89$19,253,835$661,600$0$15,356,568
90$21,064,632$540,925$0$16,776,542
91$23,055,308$409,514$0$18,337,765
92$25,244,059$266,689$0$20,054,581
93$27,650,931$111,735$0$21,942,799
94$30,298,012$0$0$24,019,839
95$33,209,635$0$0$26,312,925
96$36,412,612$0$0$28,853,132
97$39,936,485$0$0$31,647,914
98$43,813,800$0$0$34,723,094
99$48,080,422$0$0$38,107,125
100$52,775,863$0$0$41,831,359