Can I retire at age 57 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$118,914$117,855$116,821$115,813$114,828$110,709
2 years$58,868$57,772$56,709$55,679$54,680$50,575
3 years$38,856$37,755$36,695$35,674$34,691$30,729
4 years$28,851$27,754$26,704$25,701$24,742$20,953
5 years$22,850$21,759$20,724$19,741$18,808$15,203
6 years$18,851$17,768$16,748$15,787$14,883$11,462
7 years$15,995$14,922$13,917$12,979$12,103$8,868
8 years$13,855$12,791$11,803$10,888$10,041$6,988
9 years$12,191$11,136$10,166$9,274$8,456$5,581
10 years$10,860$9,816$8,863$7,994$7,205$4,503
11 years$9,772$8,739$7,803$6,958$6,196$3,662
12 years$8,866$7,843$6,925$6,103$5,370$2,996
13 years$8,100$7,088$6,187$5,388$4,683$2,464
14 years$7,444$6,443$5,559$4,783$4,105$2,034
15 years$6,876$5,886$5,019$4,265$3,614$1,685
16 years$6,380$5,400$4,550$3,819$3,194$1,399
17 years$5,942$4,973$4,141$3,431$2,832$1,164
18 years$5,554$4,596$3,780$3,092$2,518$971
19 years$5,206$4,259$3,460$2,794$2,245$810
20 years$4,894$3,958$3,176$2,531$2,005$677
21 years$4,612$3,687$2,921$2,297$1,794$567
22 years$4,356$3,441$2,692$2,088$1,608$475
23 years$4,123$3,218$2,486$1,902$1,444$398
24 years$3,909$3,016$2,299$1,735$1,298$334
25 years$3,713$2,830$2,129$1,584$1,168$280
26 years$3,532$2,660$1,975$1,448$1,052$235
27 years$3,364$2,503$1,834$1,326$948$197
28 years$3,209$2,359$1,705$1,215$856$166
29 years$3,065$2,225$1,586$1,114$773$139
30 years$2,931$2,101$1,478$1,022$698$117
31 years$2,806$1,986$1,378$939$631$98
32 years$2,689$1,880$1,285$863$571$83
33 years$2,579$1,780$1,200$794$517$69
34 years$2,476$1,687$1,121$730$468$58
35 years$2,379$1,600$1,048$672$424$49
36 years$2,287$1,519$981$619$384$41
37 years$2,201$1,442$918$570$348$35
38 years$2,119$1,371$860$526$315$29
39 years$2,042$1,304$805$485$286$24
40 years$1,969$1,240$755$447$259$21
41 years$1,899$1,181$708$412$235$17
42 years$1,833$1,124$664$381$214$15
43 years$1,771$1,071$623$351$194$12
44 years$1,711$1,021$585$324$176$10
45 years$1,654$974$549$300$160$9
46 years$1,600$929$516$277$145$7
47 years$1,548$886$485$256$132$6
48 years$1,499$846$455$236$120$5
49 years$1,451$808$428$218$109$4
50 years$1,406$772$402$202$99$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,440,000, adding $2,447 every year, while hoping to spend $39,206 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: 65/23/12 Blend
56$1,440,000$1,440,000$1,440,000$1,440,000
57$1,589,404$1,513,084$1,490,764$1,688,231
58$1,709,808$1,545,510$1,498,990$1,786,929
59$1,841,180$1,578,211$1,506,177$1,889,919
60$1,984,596$1,611,159$1,512,250$2,001,461
61$2,141,242$1,644,324$1,517,128$2,122,388
62$2,312,425$1,677,671$1,520,727$2,253,615
63$2,499,580$1,711,165$1,522,959$2,396,154
64$2,704,290$1,744,765$1,523,732$2,551,116
65$2,928,299$1,778,430$1,522,947$2,719,727
66$3,173,523$1,812,111$1,520,504$2,903,337
67$3,442,076$1,845,758$1,516,295$3,103,436
68$3,736,285$1,879,317$1,510,208$3,321,661
69$4,058,711$1,912,729$1,502,125$3,559,820
70$4,412,177$1,945,929$1,491,923$3,819,903
71$4,799,789$1,978,850$1,479,472$4,104,104
72$5,224,971$2,011,418$1,464,639$4,414,840
73$5,691,494$2,043,552$1,447,279$4,754,776
74$6,203,509$2,075,169$1,427,246$5,126,847
75$6,765,591$2,106,177$1,404,384$5,534,289
76$7,382,780$2,136,478$1,378,529$5,980,667
77$8,060,626$2,165,968$1,349,511$6,469,911
78$8,805,243$2,194,534$1,317,153$7,006,353
79$9,623,367$2,222,056$1,281,268$7,594,764
80$10,522,421$2,248,406$1,241,660$8,240,407
81$11,510,577$2,273,448$1,198,125$8,949,079
82$12,596,844$2,297,035$1,150,451$9,727,169
83$13,791,145$2,319,012$1,098,413$10,581,720
84$15,104,411$2,339,212$1,041,779$11,520,495
85$16,548,686$2,357,460$980,304$12,552,049
86$18,137,242$2,373,565$913,735$13,685,809
87$19,884,700$2,387,329$841,804$14,932,168
88$21,807,168$2,398,536$764,233$16,302,579
89$23,922,396$2,406,962$680,731$17,809,666
90$26,249,940$2,412,363$590,996$19,467,341
91$28,811,350$2,414,484$494,709$21,290,937
92$31,630,366$2,413,052$391,541$23,297,357
93$34,733,150$2,407,778$281,144$25,505,225
94$38,148,527$2,398,355$163,158$27,935,071
95$41,908,259$2,384,457$37,207$30,609,521
96$46,047,345$2,365,739$0$33,553,512
97$50,604,347$2,341,833$0$36,806,975
98$55,621,758$2,312,351$0$40,393,647
99$61,146,403$2,276,881$0$44,342,199
100$67,229,875$2,234,987$0$48,689,483