Can I retire at age 57 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$120,565$119,492$118,444$117,421$116,422$112,292
2 years$59,686$58,574$57,497$56,452$55,439$51,322
3 years$39,395$38,279$37,204$36,170$35,173$31,198
4 years$29,252$28,139$27,075$26,058$25,086$21,283
5 years$23,168$22,061$21,011$20,015$19,070$15,450
6 years$19,113$18,015$16,980$16,006$15,089$11,655
7 years$16,217$15,129$14,111$13,160$12,272$9,023
8 years$14,047$12,968$11,967$11,039$10,180$7,114
9 years$12,360$11,291$10,307$9,403$8,573$5,685
10 years$11,011$9,953$8,986$8,106$7,305$4,590
11 years$9,908$8,860$7,911$7,054$6,283$3,735
12 years$8,989$7,952$7,021$6,188$5,444$3,058
13 years$8,213$7,187$6,273$5,463$4,748$2,517
14 years$7,548$6,532$5,636$4,849$4,162$2,079
15 years$6,972$5,968$5,089$4,325$3,664$1,723
16 years$6,468$5,475$4,614$3,872$3,238$1,432
17 years$6,025$5,042$4,198$3,479$2,871$1,193
18 years$5,631$4,659$3,832$3,135$2,553$995
19 years$5,279$4,318$3,508$2,833$2,276$831
20 years$4,962$4,013$3,220$2,566$2,033$695
21 years$4,676$3,738$2,962$2,329$1,819$582
22 years$4,416$3,489$2,730$2,117$1,631$488
23 years$4,180$3,263$2,520$1,928$1,464$409
24 years$3,963$3,057$2,331$1,759$1,316$343
25 years$3,764$2,869$2,159$1,606$1,184$288
26 years$3,581$2,697$2,002$1,469$1,066$242
27 years$3,411$2,538$1,859$1,344$961$204
28 years$3,254$2,391$1,728$1,232$867$171
29 years$3,108$2,256$1,608$1,129$783$144
30 years$2,972$2,131$1,498$1,037$708$121
31 years$2,845$2,014$1,397$952$640$102
32 years$2,726$1,906$1,303$875$579$86
33 years$2,615$1,805$1,217$805$524$72
34 years$2,510$1,710$1,137$740$474$61
35 years$2,412$1,622$1,063$681$430$51
36 years$2,319$1,540$994$628$389$43
37 years$2,231$1,463$931$578$353$36
38 years$2,149$1,390$872$533$320$30
39 years$2,070$1,322$817$491$290$26
40 years$1,996$1,257$765$453$263$21
41 years$1,926$1,197$718$418$239$18
42 years$1,859$1,140$673$386$217$15
43 years$1,795$1,086$632$356$197$13
44 years$1,735$1,035$593$329$178$11
45 years$1,677$987$557$304$162$9
46 years$1,622$942$523$281$147$8
47 years$1,570$899$491$259$134$6
48 years$1,519$858$462$240$121$5
49 years$1,471$819$434$221$110$5
50 years$1,425$783$408$205$100$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,460,000, adding $4,440 every year, while hoping to spend $54,928 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: 62/14/24 Blend
56$1,460,000$1,460,000$1,460,000$1,460,000
57$1,613,500$1,536,120$1,513,490$1,703,050
58$1,719,634$1,552,947$1,505,749$1,781,041
59$1,834,753$1,568,757$1,495,907$1,859,720
60$1,959,715$1,583,443$1,483,838$1,944,410
61$2,095,464$1,596,891$1,469,404$2,035,707
62$2,243,039$1,608,976$1,452,467$2,134,268
63$2,403,583$1,619,570$1,432,879$2,240,818
64$2,578,352$1,628,533$1,410,484$2,356,157
65$2,768,731$1,635,717$1,385,122$2,481,169
66$2,976,241$1,640,967$1,356,623$2,616,829
67$3,202,557$1,644,114$1,324,810$2,764,213
68$3,449,524$1,644,982$1,289,497$2,924,509
69$3,719,171$1,643,382$1,250,491$3,099,029
70$4,013,733$1,639,114$1,207,589$3,289,219
71$4,335,669$1,631,966$1,160,579$3,496,678
72$4,687,688$1,621,713$1,109,238$3,723,166
73$5,072,770$1,608,115$1,053,336$3,970,629
74$5,494,200$1,590,919$992,630$4,241,212
75$5,955,592$1,569,858$926,866$4,537,285
76$6,460,926$1,544,645$855,780$4,861,458
77$7,014,587$1,514,979$779,096$5,216,616
78$7,621,403$1,480,541$696,523$5,605,937
79$8,286,691$1,440,993$607,762$6,032,932
80$9,016,308$1,395,975$512,496$6,501,470
81$9,816,703$1,345,110$410,396$7,015,822
82$10,694,982$1,287,995$301,120$7,580,697
83$11,658,970$1,224,207$184,307$8,201,293
84$12,717,287$1,153,295$59,583$8,883,339
85$13,879,429$1,074,785$0$9,633,158
86$15,155,856$988,176$0$10,476,548
87$16,558,092$892,935$0$11,419,879
88$18,098,831$788,502$0$12,456,468
89$19,792,057$674,284$0$13,595,781
90$21,653,178$549,655$0$14,848,251
91$23,699,166$413,952$0$16,225,379
92$25,948,721$266,476$0$17,739,837
93$28,422,448$106,490$0$19,405,592
94$31,143,043$0$0$21,238,038
95$34,135,516$0$0$23,264,429
96$37,427,422$0$0$25,511,754
97$41,049,120$0$0$27,984,348
98$45,034,061$0$0$30,705,064
99$49,419,100$0$0$33,699,082
100$54,244,847$0$0$36,994,146