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%15.4%
1 years$117,262$116,218$115,199$114,204$113,233$110,720
2 years$58,051$56,969$55,922$54,906$53,920$51,402
3 years$38,316$37,230$36,185$35,179$34,209$31,764
4 years$28,451$27,368$26,333$25,344$24,398$22,045
5 years$22,533$21,457$20,436$19,467$18,547$16,292
6 years$18,589$17,521$16,515$15,568$14,676$12,521
7 years$15,773$14,714$13,724$12,799$11,935$9,882
8 years$13,662$12,613$11,639$10,737$9,902$7,948
9 years$12,021$10,982$10,025$9,145$8,339$6,484
10 years$10,709$9,680$8,740$7,883$7,105$5,348
11 years$9,636$8,617$7,694$6,861$6,110$4,448
12 years$8,743$7,735$6,829$6,018$5,295$3,725
13 years$7,988$6,990$6,101$5,313$4,617$3,136
14 years$7,341$6,354$5,482$4,716$4,048$2,653
15 years$6,781$5,804$4,949$4,206$3,564$2,252
16 years$6,291$5,325$4,487$3,766$3,150$1,918
17 years$5,860$4,904$4,083$3,384$2,793$1,637
18 years$5,476$4,532$3,727$3,049$2,483$1,401
19 years$5,134$4,200$3,412$2,755$2,213$1,201
20 years$4,826$3,903$3,132$2,496$1,977$1,031
21 years$4,548$3,635$2,880$2,265$1,769$886
22 years$4,295$3,393$2,655$2,059$1,586$762
23 years$4,065$3,174$2,451$1,875$1,424$657
24 years$3,855$2,974$2,267$1,711$1,280$566
25 years$3,661$2,791$2,100$1,562$1,151$489
26 years$3,483$2,623$1,947$1,428$1,037$422
27 years$3,318$2,468$1,808$1,307$935$364
28 years$3,165$2,326$1,681$1,198$844$315
29 years$3,023$2,194$1,564$1,098$762$272
30 years$2,891$2,072$1,457$1,008$688$235
31 years$2,767$1,959$1,358$926$622$203
32 years$2,651$1,854$1,267$851$563$176
33 years$2,543$1,755$1,183$782$509$152
34 years$2,441$1,664$1,106$720$461$132
35 years$2,346$1,578$1,034$663$418$114
36 years$2,255$1,498$967$610$379$99
37 years$2,170$1,422$905$562$343$86
38 years$2,090$1,352$848$518$311$74
39 years$2,014$1,285$794$478$282$64
40 years$1,941$1,223$744$441$256$56
41 years$1,873$1,164$698$407$232$48
42 years$1,808$1,109$655$375$211$42
43 years$1,746$1,056$614$347$191$36
44 years$1,687$1,007$577$320$173$31
45 years$1,631$960$541$295$158$27
46 years$1,578$916$509$273$143$23
47 years$1,527$874$478$252$130$20
48 years$1,478$835$449$233$118$18
49 years$1,431$797$422$215$107$15
50 years$1,386$761$397$199$97$13

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 $5,393 every year, while hoping to spend $38,011 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: 36/48/16 Blend
56$1,420,000$1,420,000$1,420,000$1,420,000
57$1,570,403$1,495,143$1,473,133$1,619,077
58$1,690,141$1,527,961$1,482,039$1,687,595
59$1,820,818$1,561,114$1,489,970$1,757,525
60$1,963,509$1,594,577$1,496,853$1,832,208
61$2,119,400$1,628,325$1,502,611$1,912,086
62$2,289,794$1,662,327$1,507,163$1,997,650
63$2,476,126$1,696,554$1,510,425$2,089,440
64$2,679,976$1,730,970$1,512,310$2,188,049
65$2,903,083$1,765,538$1,512,722$2,294,135
66$3,147,366$1,800,217$1,511,566$2,408,421
67$3,414,932$1,834,963$1,508,738$2,531,704
68$3,708,105$1,869,726$1,504,132$2,664,865
69$4,029,446$1,904,456$1,497,634$2,808,874
70$4,381,771$1,939,096$1,489,126$2,964,801
71$4,768,184$1,973,585$1,478,485$3,133,827
72$5,192,106$2,007,858$1,465,581$3,317,253
73$5,657,301$2,041,843$1,450,278$3,516,515
74$6,167,917$2,075,464$1,432,433$3,733,198
75$6,728,523$2,108,641$1,411,899$3,969,049
76$7,344,153$2,141,285$1,388,518$4,225,994
77$8,020,350$2,173,302$1,362,127$4,506,158
78$8,763,223$2,204,591$1,332,556$4,811,886
79$9,579,501$2,235,044$1,299,625$5,145,764
80$10,476,595$2,264,547$1,263,148$5,510,642
81$11,462,672$2,292,974$1,222,928$5,909,667
82$12,546,730$2,320,195$1,178,761$6,346,308
83$13,738,679$2,346,067$1,130,432$6,824,389
84$15,049,441$2,370,441$1,077,718$7,348,133
85$16,491,047$2,393,156$1,020,385$7,922,191
86$18,076,754$2,414,041$958,188$8,551,696
87$19,821,168$2,432,913$890,872$9,242,310
88$21,740,379$2,449,578$818,169$10,000,274
89$23,852,120$2,463,830$739,800$10,832,473
90$26,175,927$2,475,448$655,473$11,746,498
91$28,733,325$2,484,198$564,885$12,750,721
92$31,548,032$2,489,832$467,717$13,854,373
93$34,646,183$2,492,085$363,636$15,067,635
94$38,056,572$2,490,677$252,297$16,401,732
95$41,810,931$2,485,308$133,338$17,869,042
96$45,944,221$2,475,663$6,379$19,483,214
97$50,494,966$2,461,406$0$21,259,296
98$55,505,618$2,442,179$0$23,235,925
99$61,022,950$2,417,606$0$25,411,948
100$67,098,508$2,387,285$0$27,806,523