Can I retire at age 57 with 1,430,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$118,088$117,036$116,010$115,008$114,030$109,723
2 years$58,459$57,371$56,316$55,292$54,300$50,010
3 years$38,586$37,492$36,440$35,426$34,450$30,313
4 years$28,651$27,561$26,519$25,523$24,570$20,617
5 years$22,692$21,608$20,580$19,604$18,678$14,920
6 years$18,720$17,645$16,631$15,677$14,779$11,218
7 years$15,884$14,818$13,821$12,889$12,019$8,654
8 years$13,758$12,702$11,721$10,812$9,971$6,799
9 years$12,106$11,059$10,095$9,210$8,397$5,413
10 years$10,785$9,748$8,801$7,939$7,155$4,354
11 years$9,704$8,678$7,749$6,909$6,153$3,529
12 years$8,805$7,789$6,877$6,060$5,332$2,878
13 years$8,044$7,039$6,144$5,350$4,650$2,359
14 years$7,393$6,398$5,520$4,749$4,076$1,941
15 years$6,828$5,845$4,984$4,236$3,589$1,602
16 years$6,335$5,363$4,519$3,793$3,172$1,325
17 years$5,901$4,939$4,112$3,408$2,812$1,099
18 years$5,515$4,564$3,754$3,071$2,501$913
19 years$5,170$4,230$3,436$2,775$2,229$759
20 years$4,860$3,930$3,154$2,513$1,991$632
21 years$4,580$3,661$2,901$2,281$1,782$527
22 years$4,326$3,417$2,674$2,074$1,597$439
23 years$4,094$3,196$2,469$1,889$1,434$367
24 years$3,882$2,995$2,283$1,723$1,289$306
25 years$3,687$2,810$2,114$1,573$1,159$256
26 years$3,507$2,641$1,961$1,438$1,044$214
27 years$3,341$2,486$1,821$1,317$942$179
28 years$3,187$2,342$1,693$1,206$850$150
29 years$3,044$2,210$1,575$1,106$767$125
30 years$2,911$2,087$1,467$1,015$693$105
31 years$2,786$1,973$1,368$932$627$88
32 years$2,670$1,867$1,276$857$567$73
33 years$2,561$1,768$1,192$788$513$61
34 years$2,458$1,675$1,114$725$465$51
35 years$2,362$1,589$1,041$667$421$43
36 years$2,271$1,508$974$615$381$36
37 years$2,185$1,432$912$566$346$30
38 years$2,104$1,361$854$522$313$25
39 years$2,028$1,295$800$481$284$21
40 years$1,955$1,232$750$444$258$18
41 years$1,886$1,172$703$410$234$15
42 years$1,821$1,117$659$378$212$12
43 years$1,758$1,064$619$349$192$10
44 years$1,699$1,014$581$322$175$9
45 years$1,643$967$545$298$159$7
46 years$1,589$922$512$275$144$6
47 years$1,537$880$481$254$131$5
48 years$1,488$840$452$235$119$4
49 years$1,441$803$425$217$108$4
50 years$1,396$767$400$200$98$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,430,000, adding $4,626 every year, while hoping to spend $31,380 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: 41/37/22 Blend
56$1,430,000$1,430,000$1,430,000$1,430,000
57$1,580,632$1,504,842$1,482,677$1,635,030
58$1,708,468$1,545,191$1,498,958$1,714,721
59$1,848,292$1,586,465$1,514,734$1,797,574
60$2,001,293$1,628,678$1,529,953$1,886,620
61$2,168,781$1,671,839$1,544,562$1,982,444
62$2,352,199$1,715,961$1,558,507$2,085,689
63$2,553,135$1,761,055$1,571,729$2,197,064
64$2,773,338$1,807,130$1,584,165$2,317,350
65$3,014,735$1,854,196$1,595,751$2,447,405
66$3,279,447$1,902,261$1,606,418$2,588,176
67$3,569,813$1,951,333$1,616,095$2,740,707
68$3,888,405$2,001,420$1,624,705$2,906,145
69$4,238,060$2,052,527$1,632,170$3,085,756
70$4,621,900$2,104,659$1,638,406$3,280,934
71$5,043,366$2,157,819$1,643,325$3,493,215
72$5,506,247$2,212,010$1,646,834$3,724,291
73$6,014,719$2,267,233$1,648,838$3,976,027
74$6,573,380$2,323,488$1,649,234$4,250,478
75$7,187,297$2,380,771$1,647,915$4,549,908
76$7,862,052$2,439,079$1,644,771$4,876,812
77$8,603,794$2,498,406$1,639,683$5,233,939
78$9,419,297$2,558,745$1,632,529$5,624,320
79$10,316,026$2,620,084$1,623,180$6,051,294
80$11,302,205$2,682,412$1,611,500$6,518,540
81$12,386,892$2,745,713$1,597,348$7,030,115
82$13,580,072$2,809,970$1,580,576$7,590,489
83$14,892,742$2,875,161$1,561,027$8,204,586
84$16,337,020$2,941,263$1,538,541$8,877,837
85$17,926,260$3,008,248$1,512,945$9,616,225
86$19,675,172$3,076,086$1,484,063$10,426,345
87$21,599,967$3,144,741$1,451,706$11,315,465
88$23,718,505$3,214,175$1,415,680$12,291,595
89$26,050,468$3,284,345$1,375,780$13,363,565
90$28,617,540$3,355,202$1,331,794$14,541,106
91$31,443,617$3,426,694$1,283,496$15,834,941
92$34,555,026$3,498,763$1,230,653$17,256,892
93$37,980,780$3,571,344$1,173,021$18,819,987
94$41,752,847$3,644,367$1,110,345$20,538,583
95$45,906,452$3,717,756$1,042,357$22,428,508
96$50,480,412$3,791,428$968,778$24,507,202
97$55,517,498$3,865,292$889,316$26,793,890
98$61,064,842$3,939,250$803,667$29,309,759
99$67,174,378$4,013,196$711,512$32,078,162
100$73,903,336$4,087,014$612,519$35,124,835