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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$120,565$119,492$118,444$117,421$116,422$112,158
2 years$59,686$58,574$57,497$56,452$55,439$51,190
3 years$39,395$38,279$37,204$36,170$35,173$31,073
4 years$29,252$28,139$27,075$26,058$25,086$21,166
5 years$23,168$22,061$21,011$20,015$19,070$15,341
6 years$19,113$18,015$16,980$16,006$15,089$11,554
7 years$16,217$15,129$14,111$13,160$12,272$8,929
8 years$14,047$12,968$11,967$11,039$10,180$7,027
9 years$12,360$11,291$10,307$9,403$8,573$5,605
10 years$11,011$9,953$8,986$8,106$7,305$4,517
11 years$9,908$8,860$7,911$7,054$6,283$3,668
12 years$8,989$7,952$7,021$6,188$5,444$2,998
13 years$8,213$7,187$6,273$5,463$4,748$2,462
14 years$7,548$6,532$5,636$4,849$4,162$2,030
15 years$6,972$5,968$5,089$4,325$3,664$1,679
16 years$6,468$5,475$4,614$3,872$3,238$1,392
17 years$6,025$5,042$4,198$3,479$2,871$1,157
18 years$5,631$4,659$3,832$3,135$2,553$963
19 years$5,279$4,318$3,508$2,833$2,276$803
20 years$4,962$4,013$3,220$2,566$2,033$670
21 years$4,676$3,738$2,962$2,329$1,819$560
22 years$4,416$3,489$2,730$2,117$1,631$468
23 years$4,180$3,263$2,520$1,928$1,464$392
24 years$3,963$3,057$2,331$1,759$1,316$328
25 years$3,764$2,869$2,159$1,606$1,184$275
26 years$3,581$2,697$2,002$1,469$1,066$230
27 years$3,411$2,538$1,859$1,344$961$193
28 years$3,254$2,391$1,728$1,232$867$162
29 years$3,108$2,256$1,608$1,129$783$136
30 years$2,972$2,131$1,498$1,037$708$114
31 years$2,845$2,014$1,397$952$640$95
32 years$2,726$1,906$1,303$875$579$80
33 years$2,615$1,805$1,217$805$524$67
34 years$2,510$1,710$1,137$740$474$56
35 years$2,412$1,622$1,063$681$430$47
36 years$2,319$1,540$994$628$389$40
37 years$2,231$1,463$931$578$353$33
38 years$2,149$1,390$872$533$320$28
39 years$2,070$1,322$817$491$290$23
40 years$1,996$1,257$765$453$263$20
41 years$1,926$1,197$718$418$239$17
42 years$1,859$1,140$673$386$217$14
43 years$1,795$1,086$632$356$197$12
44 years$1,735$1,035$593$329$178$10
45 years$1,677$987$557$304$162$8
46 years$1,622$942$523$281$147$7
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$4
50 years$1,425$783$408$205$100$3

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 $4,318 every year, while hoping to spend $32,468 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: 58/32/10 Blend
56$1,460,000$1,460,000$1,460,000$1,460,000
57$1,613,374$1,535,994$1,513,364$1,702,865
58$1,743,392$1,576,712$1,529,516$1,804,354
59$1,885,585$1,618,337$1,545,121$1,910,908
60$2,041,158$1,660,879$1,560,126$2,026,263
61$2,211,442$1,704,348$1,574,476$2,151,267
62$2,397,900$1,748,753$1,588,113$2,286,853
63$2,602,146$1,794,101$1,600,974$2,434,046
64$2,825,954$1,840,401$1,612,995$2,593,979
65$3,071,279$1,887,659$1,624,109$2,767,896
66$3,340,276$1,935,880$1,634,243$2,957,168
67$3,635,315$1,985,070$1,643,321$3,163,304
68$3,959,010$2,035,231$1,651,265$3,387,969
69$4,314,238$2,086,366$1,657,992$3,632,993
70$4,704,169$2,138,477$1,663,413$3,900,393
71$5,132,294$2,191,562$1,667,437$4,192,392
72$5,602,459$2,245,619$1,669,967$4,511,438
73$6,118,901$2,300,646$1,670,902$4,860,226
74$6,686,287$2,356,636$1,670,136$5,241,728
75$7,309,759$2,413,582$1,667,556$5,659,215
76$7,994,982$2,471,475$1,663,047$6,116,294
77$8,748,196$2,530,303$1,656,485$6,616,936
78$9,576,276$2,590,052$1,647,741$7,165,518
79$10,486,796$2,650,705$1,636,681$7,766,861
80$11,488,103$2,712,242$1,623,163$8,426,279
81$12,589,390$2,774,643$1,607,039$9,149,626
82$13,800,787$2,837,880$1,588,155$9,943,353
83$15,133,457$2,901,925$1,566,347$10,814,566
84$16,599,696$2,966,746$1,541,446$11,771,097
85$18,213,053$3,032,305$1,513,273$12,821,577
86$19,988,460$3,098,563$1,481,643$13,975,514
87$21,942,364$3,165,474$1,446,359$15,243,389
88$24,092,892$3,232,989$1,407,219$16,636,748
89$26,460,015$3,301,053$1,364,008$18,168,315
90$29,065,737$3,369,606$1,316,504$19,852,114
91$31,934,308$3,438,582$1,264,472$21,703,596
92$35,092,445$3,507,910$1,207,670$23,739,789
93$38,569,588$3,577,512$1,145,840$25,979,458
94$42,398,178$3,647,301$1,078,718$28,443,281
95$46,613,960$3,717,187$1,006,023$31,154,046
96$51,256,324$3,787,070$927,465$34,136,867
97$56,368,673$3,856,840$842,739$37,419,417
98$61,998,834$3,926,381$751,527$41,032,192
99$68,199,509$3,995,568$653,497$45,008,803
100$75,028,772$4,064,264$548,302$49,386,286