Can I retire at age 57 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$119,740$118,673$117,632$116,617$115,625$111,037
2 years$59,277$58,173$57,103$56,066$55,060$50,495
3 years$39,125$38,017$36,950$35,922$34,932$30,533
4 years$29,052$27,946$26,890$25,880$24,914$20,715
5 years$23,009$21,910$20,868$19,878$18,939$14,951
6 years$18,982$17,891$16,864$15,897$14,986$11,210
7 years$16,106$15,025$14,014$13,070$12,188$8,624
8 years$13,951$12,879$11,885$10,964$10,111$6,755
9 years$12,275$11,214$10,237$9,339$8,515$5,362
10 years$10,935$9,884$8,925$8,050$7,255$4,299
11 years$9,840$8,799$7,857$7,006$6,239$3,473
12 years$8,928$7,898$6,973$6,145$5,407$2,823
13 years$8,156$7,137$6,230$5,425$4,715$2,306
14 years$7,496$6,488$5,598$4,816$4,133$1,890
15 years$6,924$5,927$5,054$4,295$3,639$1,554
16 years$6,424$5,438$4,582$3,846$3,216$1,281
17 years$5,983$5,008$4,169$3,455$2,852$1,059
18 years$5,592$4,627$3,806$3,114$2,536$876
19 years$5,242$4,289$3,484$2,814$2,260$726
20 years$4,928$3,985$3,198$2,548$2,019$602
21 years$4,644$3,712$2,941$2,313$1,807$500
22 years$4,386$3,465$2,711$2,103$1,619$415
23 years$4,151$3,241$2,503$1,915$1,454$345
24 years$3,936$3,036$2,315$1,747$1,307$287
25 years$3,738$2,850$2,144$1,595$1,176$239
26 years$3,556$2,678$1,989$1,459$1,059$199
27 years$3,388$2,520$1,846$1,335$955$166
28 years$3,232$2,375$1,717$1,223$862$138
29 years$3,087$2,241$1,597$1,122$778$115
30 years$2,952$2,116$1,488$1,029$703$96
31 years$2,825$2,000$1,387$945$635$80
32 years$2,707$1,893$1,294$869$575$67
33 years$2,597$1,792$1,208$799$520$56
34 years$2,493$1,699$1,129$735$471$46
35 years$2,395$1,611$1,056$677$427$39
36 years$2,303$1,529$988$623$387$32
37 years$2,216$1,453$924$574$350$27
38 years$2,134$1,380$866$529$318$22
39 years$2,056$1,313$811$488$288$19
40 years$1,982$1,249$760$450$261$16
41 years$1,912$1,189$713$415$237$13
42 years$1,846$1,132$669$383$215$11
43 years$1,783$1,079$627$354$195$9
44 years$1,723$1,028$589$327$177$8
45 years$1,666$981$553$302$161$6
46 years$1,611$935$519$279$146$5
47 years$1,559$893$488$257$133$4
48 years$1,509$852$458$238$120$4
49 years$1,461$814$431$220$109$3
50 years$1,416$777$405$203$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,450,000, adding $4,743 every year, while hoping to spend $21,819 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: 46/47/7 Blend
56$1,450,000$1,450,000$1,450,000$1,450,000
57$1,602,792$1,525,942$1,503,467$1,673,238
58$1,743,062$1,577,498$1,530,618$1,773,758
59$1,896,908$1,630,849$1,557,948$1,880,079
60$2,065,692$1,686,060$1,585,438$1,994,903
61$2,250,913$1,743,198$1,613,071$2,119,021
62$2,454,225$1,802,333$1,640,828$2,253,306
63$2,677,446$1,863,538$1,668,686$2,398,712
64$2,922,583$1,926,888$1,696,624$2,556,293
65$3,191,842$1,992,462$1,724,616$2,727,204
66$3,487,657$2,060,339$1,752,638$2,912,718
67$3,812,708$2,130,606$1,780,662$3,114,231
68$4,169,947$2,203,349$1,808,657$3,333,283
69$4,562,628$2,278,659$1,836,593$3,571,564
70$4,994,334$2,356,631$1,864,437$3,830,935
71$5,469,012$2,437,363$1,892,152$4,113,444
72$5,991,014$2,520,955$1,919,701$4,421,343
73$6,565,130$2,607,515$1,947,044$4,757,111
74$7,196,642$2,697,153$1,974,139$5,123,475
75$7,891,368$2,789,981$2,000,940$5,523,438
76$8,655,716$2,886,118$2,027,400$5,960,304
77$9,496,749$2,985,689$2,053,469$6,437,710
78$10,422,250$3,088,820$2,079,092$6,959,661
79$11,440,792$3,195,645$2,104,215$7,530,564
80$12,561,823$3,306,301$2,128,776$8,155,272
81$13,795,752$3,420,933$2,152,713$8,839,129
82$15,154,050$3,539,690$2,175,960$9,588,017
83$16,649,354$3,662,726$2,198,446$10,408,415
84$18,295,592$3,790,203$2,220,097$11,307,457
85$20,108,108$3,922,289$2,240,836$12,292,999
86$22,103,811$4,059,157$2,260,580$13,373,692
87$24,301,334$4,200,990$2,279,243$14,559,063
88$26,721,206$4,347,974$2,296,734$15,859,608
89$29,386,050$4,500,306$2,312,956$17,286,883
90$32,320,797$4,658,190$2,327,809$18,853,619
91$35,552,914$4,821,838$2,341,187$20,573,838
92$39,112,673$4,991,469$2,352,978$22,462,984
93$43,033,427$5,167,313$2,363,065$24,538,071
94$47,351,934$5,349,609$2,371,325$26,817,839
95$52,108,694$5,538,603$2,377,627$29,322,933
96$57,348,341$5,734,554$2,381,837$32,076,096
97$63,120,055$5,937,730$2,383,812$35,102,380
98$69,478,032$6,148,411$2,383,402$38,429,385
99$76,481,995$6,366,887$2,380,449$42,087,518
100$84,197,754$6,593,459$2,374,790$46,110,277