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%12.6%
1 years$119,740$118,673$117,632$116,617$115,625$114,370
2 years$59,277$58,173$57,103$56,066$55,060$53,796
3 years$39,125$38,017$36,950$35,922$34,932$33,699
4 years$29,052$27,946$26,890$25,880$24,914$23,721
5 years$23,009$21,910$20,868$19,878$18,939$17,790
6 years$18,982$17,891$16,864$15,897$14,986$13,881
7 years$16,106$15,025$14,014$13,070$12,188$11,129
8 years$13,951$12,879$11,885$10,964$10,111$9,097
9 years$12,275$11,214$10,237$9,339$8,515$7,546
10 years$10,935$9,884$8,925$8,050$7,255$6,331
11 years$9,840$8,799$7,857$7,006$6,239$5,359
12 years$8,928$7,898$6,973$6,145$5,407$4,569
13 years$8,156$7,137$6,230$5,425$4,715$3,919
14 years$7,496$6,488$5,598$4,816$4,133$3,377
15 years$6,924$5,927$5,054$4,295$3,639$2,923
16 years$6,424$5,438$4,582$3,846$3,216$2,538
17 years$5,983$5,008$4,169$3,455$2,852$2,211
18 years$5,592$4,627$3,806$3,114$2,536$1,930
19 years$5,242$4,289$3,484$2,814$2,260$1,689
20 years$4,928$3,985$3,198$2,548$2,019$1,480
21 years$4,644$3,712$2,941$2,313$1,807$1,300
22 years$4,386$3,465$2,711$2,103$1,619$1,143
23 years$4,151$3,241$2,503$1,915$1,454$1,006
24 years$3,936$3,036$2,315$1,747$1,307$887
25 years$3,738$2,850$2,144$1,595$1,176$782
26 years$3,556$2,678$1,989$1,459$1,059$690
27 years$3,388$2,520$1,846$1,335$955$610
28 years$3,232$2,375$1,717$1,223$862$539
29 years$3,087$2,241$1,597$1,122$778$477
30 years$2,952$2,116$1,488$1,029$703$422
31 years$2,825$2,000$1,387$945$635$373
32 years$2,707$1,893$1,294$869$575$331
33 years$2,597$1,792$1,208$799$520$293
34 years$2,493$1,699$1,129$735$471$259
35 years$2,395$1,611$1,056$677$427$230
36 years$2,303$1,529$988$623$387$204
37 years$2,216$1,453$924$574$350$181
38 years$2,134$1,380$866$529$318$160
39 years$2,056$1,313$811$488$288$142
40 years$1,982$1,249$760$450$261$126
41 years$1,912$1,189$713$415$237$112
42 years$1,846$1,132$669$383$215$99
43 years$1,783$1,079$627$354$195$88
44 years$1,723$1,028$589$327$177$78
45 years$1,666$981$553$302$161$69
46 years$1,611$935$519$279$146$62
47 years$1,559$893$488$257$133$55
48 years$1,509$852$458$238$120$49
49 years$1,461$814$431$220$109$43
50 years$1,416$777$405$203$99$38

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 $5,311 every year, while hoping to spend $26,379 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: 31/42/27 Blend
56$1,450,000$1,450,000$1,450,000$1,450,000
57$1,603,378$1,526,528$1,504,053$1,639,667
58$1,738,856$1,573,261$1,526,372$1,714,821
59$1,887,268$1,621,400$1,548,554$1,792,974
60$2,049,906$1,670,985$1,570,568$1,876,580
61$2,228,193$1,722,060$1,592,378$1,966,132
62$2,423,694$1,774,666$1,613,949$2,062,175
63$2,638,136$1,828,850$1,635,241$2,165,308
64$2,873,419$1,884,656$1,656,214$2,276,188
65$3,131,635$1,942,132$1,676,825$2,395,539
66$3,415,091$2,001,326$1,697,027$2,524,157
67$3,726,326$2,062,287$1,716,774$2,662,919
68$4,068,139$2,125,066$1,736,013$2,812,789
69$4,443,611$2,189,716$1,754,691$2,974,827
70$4,856,137$2,256,290$1,772,752$3,150,201
71$5,309,458$2,324,844$1,790,134$3,340,197
72$5,807,695$2,395,434$1,806,776$3,546,230
73$6,355,388$2,468,117$1,822,610$3,769,858
74$6,957,537$2,542,955$1,837,567$4,012,796
75$7,619,653$2,620,007$1,851,573$4,276,933
76$8,347,807$2,699,337$1,864,551$4,564,349
77$9,148,688$2,781,009$1,876,418$4,877,335
78$10,029,665$2,865,089$1,887,088$5,218,414
79$10,998,858$2,951,645$1,896,473$5,590,364
80$12,065,212$3,040,747$1,904,475$5,996,245
81$13,238,585$3,132,465$1,910,997$6,439,429
82$14,529,839$3,226,873$1,915,933$6,923,629
83$15,950,939$3,324,047$1,919,173$7,452,936
84$17,515,071$3,424,062$1,920,602$8,031,856
85$19,236,765$3,526,997$1,920,099$8,665,354
86$21,132,029$3,632,934$1,917,536$9,358,897
87$23,218,503$3,741,955$1,912,781$10,118,513
88$25,515,624$3,854,144$1,905,693$10,950,839
89$28,044,810$3,969,590$1,896,126$11,863,190
90$30,829,660$4,088,379$1,883,926$12,863,624
91$33,896,180$4,210,604$1,868,932$13,961,021
92$37,273,025$4,336,358$1,850,975$15,165,163
93$40,991,770$4,465,736$1,829,879$16,486,831
94$45,087,209$4,598,836$1,805,459$17,937,902
95$49,597,683$4,735,757$1,777,520$19,531,464
96$54,565,440$4,876,602$1,745,860$21,281,938
97$60,037,034$5,021,476$1,710,266$23,205,217
98$66,063,769$5,170,485$1,670,517$25,318,810
99$72,702,173$5,323,738$1,626,379$27,642,012
100$80,014,541$5,481,348$1,577,609$30,196,087