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

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$118,088$117,036$116,010$115,008$114,030$110,424
2 years$58,459$57,371$56,316$55,292$54,300$50,700
3 years$38,586$37,492$36,440$35,426$34,450$30,969
4 years$28,651$27,561$26,519$25,523$24,570$21,234
5 years$22,692$21,608$20,580$19,604$18,678$15,496
6 years$18,720$17,645$16,631$15,677$14,779$11,754
7 years$15,884$14,818$13,821$12,889$12,019$9,151
8 years$13,758$12,702$11,721$10,812$9,971$7,258
9 years$12,106$11,059$10,095$9,210$8,397$5,836
10 years$10,785$9,748$8,801$7,939$7,155$4,741
11 years$9,704$8,678$7,749$6,909$6,153$3,883
12 years$8,805$7,789$6,877$6,060$5,332$3,201
13 years$8,044$7,039$6,144$5,350$4,650$2,652
14 years$7,393$6,398$5,520$4,749$4,076$2,206
15 years$6,828$5,845$4,984$4,236$3,589$1,842
16 years$6,335$5,363$4,519$3,793$3,172$1,542
17 years$5,901$4,939$4,112$3,408$2,812$1,293
18 years$5,515$4,564$3,754$3,071$2,501$1,087
19 years$5,170$4,230$3,436$2,775$2,229$915
20 years$4,860$3,930$3,154$2,513$1,991$771
21 years$4,580$3,661$2,901$2,281$1,782$651
22 years$4,326$3,417$2,674$2,074$1,597$550
23 years$4,094$3,196$2,469$1,889$1,434$465
24 years$3,882$2,995$2,283$1,723$1,289$393
25 years$3,687$2,810$2,114$1,573$1,159$333
26 years$3,507$2,641$1,961$1,438$1,044$282
27 years$3,341$2,486$1,821$1,317$942$239
28 years$3,187$2,342$1,693$1,206$850$202
29 years$3,044$2,210$1,575$1,106$767$171
30 years$2,911$2,087$1,467$1,015$693$145
31 years$2,786$1,973$1,368$932$627$123
32 years$2,670$1,867$1,276$857$567$105
33 years$2,561$1,768$1,192$788$513$89
34 years$2,458$1,675$1,114$725$465$75
35 years$2,362$1,589$1,041$667$421$64
36 years$2,271$1,508$974$615$381$54
37 years$2,185$1,432$912$566$346$46
38 years$2,104$1,361$854$522$313$39
39 years$2,028$1,295$800$481$284$33
40 years$1,955$1,232$750$444$258$28
41 years$1,886$1,172$703$410$234$24
42 years$1,821$1,117$659$378$212$20
43 years$1,758$1,064$619$349$192$17
44 years$1,699$1,014$581$322$175$15
45 years$1,643$967$545$298$159$12
46 years$1,589$922$512$275$144$10
47 years$1,537$880$481$254$131$9
48 years$1,488$840$452$235$119$8
49 years$1,441$803$425$217$108$6
50 years$1,396$767$400$200$98$5

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 $5,308 every year, while hoping to spend $25,155 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: 88/5/7 Blend
56$1,430,000$1,430,000$1,430,000$1,430,000
57$1,581,335$1,505,545$1,483,380$1,719,279
58$1,715,867$1,552,552$1,506,309$1,856,915
59$1,863,277$1,601,019$1,529,162$2,004,143
60$2,024,854$1,650,992$1,551,912$2,165,183
61$2,202,015$1,702,516$1,574,526$2,341,409
62$2,396,320$1,755,640$1,596,973$2,534,337
63$2,609,491$1,810,412$1,619,217$2,745,633
64$2,843,420$1,866,883$1,641,222$2,977,136
65$3,100,195$1,925,106$1,662,949$3,230,867
66$3,382,113$1,985,134$1,684,356$3,509,056
67$3,691,706$2,047,024$1,705,400$3,814,158
68$4,031,763$2,110,831$1,726,034$4,148,877
69$4,405,357$2,176,615$1,746,210$4,516,191
70$4,815,871$2,244,437$1,765,875$4,919,383
71$5,267,034$2,314,359$1,784,977$5,362,068
72$5,762,954$2,386,445$1,803,456$5,848,229
73$6,308,157$2,460,762$1,821,253$6,382,253
74$6,907,627$2,537,378$1,838,304$6,968,975
75$7,566,859$2,616,364$1,854,541$7,613,720
76$8,291,904$2,697,791$1,869,893$8,322,356
77$9,089,431$2,781,735$1,884,287$9,101,349
78$9,966,785$2,868,272$1,897,643$9,957,821
79$10,932,062$2,957,482$1,909,878$10,899,620
80$11,994,179$3,049,447$1,920,907$11,935,394
81$13,162,965$3,144,249$1,930,637$13,074,670
82$14,449,247$3,241,976$1,938,972$14,327,945
83$15,864,954$3,342,717$1,945,812$15,706,788
84$17,423,233$3,446,564$1,951,050$17,223,944
85$19,138,568$3,553,611$1,954,576$18,893,455
86$21,026,920$3,663,956$1,956,272$20,730,798
87$23,105,874$3,777,698$1,956,015$22,753,021
88$25,394,809$3,894,941$1,953,678$24,978,915
89$27,915,078$4,015,791$1,949,124$27,429,182
90$30,690,209$4,140,358$1,942,213$30,126,636
91$33,746,129$4,268,755$1,932,796$33,096,413
92$37,111,406$4,401,096$1,920,717$36,366,214
93$40,817,522$4,537,502$1,905,813$39,966,562
94$44,899,166$4,678,096$1,887,914$43,931,092
95$49,394,562$4,823,004$1,866,841$48,296,866
96$54,345,832$4,972,356$1,842,405$53,104,727
97$59,799,393$5,126,287$1,814,411$58,399,679
98$65,806,390$5,284,935$1,782,653$64,231,316
99$72,423,186$5,448,441$1,746,916$70,654,286
100$79,711,889$5,616,952$1,706,976$77,728,812