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%17.6%
1 years$117,262$116,218$115,199$114,204$113,233$109,740
2 years$58,051$56,969$55,922$54,906$53,920$50,432
3 years$38,316$37,230$36,185$35,179$34,209$30,835
4 years$28,451$27,368$26,333$25,344$24,398$21,163
5 years$22,533$21,457$20,436$19,467$18,547$15,461
6 years$18,589$17,521$16,515$15,568$14,676$11,740
7 years$15,773$14,714$13,724$12,799$11,935$9,151
8 years$13,662$12,613$11,639$10,737$9,902$7,266
9 years$12,021$10,982$10,025$9,145$8,339$5,849
10 years$10,709$9,680$8,740$7,883$7,105$4,758
11 years$9,636$8,617$7,694$6,861$6,110$3,902
12 years$8,743$7,735$6,829$6,018$5,295$3,221
13 years$7,988$6,990$6,101$5,313$4,617$2,672
14 years$7,341$6,354$5,482$4,716$4,048$2,226
15 years$6,781$5,804$4,949$4,206$3,564$1,861
16 years$6,291$5,325$4,487$3,766$3,150$1,560
17 years$5,860$4,904$4,083$3,384$2,793$1,311
18 years$5,476$4,532$3,727$3,049$2,483$1,103
19 years$5,134$4,200$3,412$2,755$2,213$930
20 years$4,826$3,903$3,132$2,496$1,977$785
21 years$4,548$3,635$2,880$2,265$1,769$664
22 years$4,295$3,393$2,655$2,059$1,586$562
23 years$4,065$3,174$2,451$1,875$1,424$475
24 years$3,855$2,974$2,267$1,711$1,280$403
25 years$3,661$2,791$2,100$1,562$1,151$341
26 years$3,483$2,623$1,947$1,428$1,037$290
27 years$3,318$2,468$1,808$1,307$935$246
28 years$3,165$2,326$1,681$1,198$844$209
29 years$3,023$2,194$1,564$1,098$762$177
30 years$2,891$2,072$1,457$1,008$688$150
31 years$2,767$1,959$1,358$926$622$128
32 years$2,651$1,854$1,267$851$563$108
33 years$2,543$1,755$1,183$782$509$92
34 years$2,441$1,664$1,106$720$461$78
35 years$2,346$1,578$1,034$663$418$67
36 years$2,255$1,498$967$610$379$57
37 years$2,170$1,422$905$562$343$48
38 years$2,090$1,352$848$518$311$41
39 years$2,014$1,285$794$478$282$35
40 years$1,941$1,223$744$441$256$30
41 years$1,873$1,164$698$407$232$25
42 years$1,808$1,109$655$375$211$21
43 years$1,746$1,056$614$347$191$18
44 years$1,687$1,007$577$320$173$15
45 years$1,631$960$541$295$158$13
46 years$1,578$916$509$273$143$11
47 years$1,527$874$478$252$130$9
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$7
50 years$1,386$761$397$199$97$6

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 $2,131 every year, while hoping to spend $22,954 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: 77/17/6 Blend
56$1,420,000$1,420,000$1,420,000$1,420,000
57$1,567,038$1,491,778$1,469,768$1,686,668
58$1,702,453$1,540,452$1,494,582$1,814,158
59$1,850,911$1,590,742$1,519,459$1,950,710
60$2,013,718$1,642,703$1,544,375$2,099,740
61$2,192,313$1,696,391$1,569,307$2,262,478
62$2,388,281$1,751,866$1,594,230$2,440,277
63$2,603,366$1,809,187$1,619,117$2,634,629
64$2,839,491$1,868,420$1,643,940$2,847,172
65$3,098,775$1,929,628$1,668,667$3,079,716
66$3,383,549$1,992,879$1,693,267$3,334,248
67$3,696,385$2,058,244$1,717,705$3,612,961
68$4,040,112$2,125,794$1,741,945$3,918,268
69$4,417,851$2,195,606$1,765,948$4,252,826
70$4,833,038$2,267,756$1,789,672$4,619,562
71$5,289,457$2,342,325$1,813,075$5,021,700
72$5,791,279$2,419,397$1,836,111$5,462,791
73$6,343,100$2,499,057$1,858,731$5,946,747
74$6,949,981$2,581,396$1,880,884$6,477,876
75$7,617,501$2,666,506$1,902,515$7,060,925
76$8,351,804$2,754,483$1,923,568$7,701,121
77$9,159,662$2,845,427$1,943,981$8,404,224
78$10,048,534$2,939,439$1,963,691$9,176,578
79$11,026,641$3,036,628$1,982,631$10,025,174
80$12,103,039$3,137,104$2,000,730$10,957,713
81$13,287,708$3,240,981$2,017,913$11,982,676
82$14,591,643$3,348,377$2,034,102$13,109,413
83$16,026,960$3,459,417$2,049,214$14,348,219
84$17,607,008$3,574,227$2,063,161$15,710,441
85$19,346,499$3,692,940$2,075,853$17,208,579
86$21,261,640$3,815,693$2,087,192$18,856,404
87$23,370,293$3,942,627$2,097,078$20,669,092
88$25,692,136$4,073,889$2,105,404$22,663,362
89$28,248,857$4,209,633$2,112,058$24,857,635
90$31,064,352$4,350,016$2,116,923$27,272,210
91$34,164,951$4,495,202$2,119,876$29,929,451
92$37,579,671$4,645,362$2,120,786$32,854,003
93$41,340,484$4,800,671$2,119,519$36,073,017
94$45,482,622$4,961,313$2,115,932$39,616,413
95$50,044,908$5,127,476$2,109,874$43,517,161
96$55,070,124$5,299,357$2,101,190$47,811,586
97$60,605,412$5,477,161$2,089,715$52,539,718
98$66,702,721$5,661,099$2,075,277$57,745,664
99$73,419,295$5,851,389$2,057,696$63,478,026
100$80,818,215$6,048,260$2,036,781$69,790,361