Can I retire at age 57 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$121,391$120,310$119,255$118,225$117,220$114,994
2 years$60,095$58,975$57,891$56,839$55,819$53,585
3 years$39,665$38,541$37,459$36,417$35,414$33,242
4 years$29,452$28,332$27,261$26,237$25,257$23,164
5 years$23,326$22,212$21,155$20,152$19,200$17,191
6 years$19,244$18,138$17,097$16,116$15,193$13,270
7 years$16,329$15,232$14,207$13,250$12,356$10,520
8 years$14,143$13,057$12,049$11,115$10,250$8,501
9 years$12,444$11,368$10,378$9,467$8,632$6,969
10 years$11,086$10,021$9,048$8,161$7,355$5,775
11 years$9,976$8,921$7,965$7,103$6,326$4,828
12 years$9,051$8,007$7,069$6,230$5,482$4,064
13 years$8,269$7,236$6,316$5,500$4,780$3,440
14 years$7,599$6,577$5,675$4,882$4,190$2,926
15 years$7,020$6,008$5,124$4,354$3,689$2,497
16 years$6,513$5,513$4,645$3,899$3,261$2,139
17 years$6,066$5,077$4,227$3,503$2,891$1,836
18 years$5,669$4,691$3,859$3,157$2,571$1,580
19 years$5,315$4,348$3,532$2,852$2,291$1,363
20 years$4,996$4,040$3,242$2,583$2,047$1,177
21 years$4,708$3,763$2,982$2,345$1,831$1,018
22 years$4,447$3,513$2,748$2,132$1,642$881
23 years$4,208$3,286$2,538$1,942$1,474$764
24 years$3,990$3,078$2,347$1,771$1,325$663
25 years$3,790$2,889$2,174$1,617$1,192$576
26 years$3,605$2,715$2,016$1,479$1,074$500
27 years$3,435$2,555$1,872$1,353$968$435
28 years$3,276$2,408$1,740$1,240$873$378
29 years$3,129$2,271$1,619$1,137$789$329
30 years$2,992$2,145$1,508$1,044$713$286
31 years$2,864$2,028$1,406$958$644$249
32 years$2,745$1,919$1,312$881$583$217
33 years$2,633$1,817$1,225$810$527$189
34 years$2,527$1,722$1,145$745$478$165
35 years$2,428$1,633$1,070$686$433$144
36 years$2,335$1,550$1,001$632$392$125
37 years$2,247$1,473$937$582$355$109
38 years$2,163$1,399$877$537$322$95
39 years$2,084$1,331$822$495$292$83
40 years$2,010$1,266$771$456$265$72
41 years$1,939$1,205$723$421$240$63
42 years$1,872$1,148$678$389$218$55
43 years$1,808$1,094$636$359$198$48
44 years$1,747$1,042$597$331$180$42
45 years$1,689$994$561$306$163$37
46 years$1,633$948$526$283$148$32
47 years$1,580$905$495$261$134$28
48 years$1,530$864$465$241$122$24
49 years$1,481$825$437$223$111$21
50 years$1,435$788$411$206$101$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,470,000, adding $6,763 every year, while hoping to spend $46,833 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: 69/24/7 Blend
56$1,470,000$1,470,000$1,470,000$1,470,000
57$1,626,916$1,549,006$1,526,221$1,736,877
58$1,743,032$1,575,077$1,527,519$1,836,626
59$1,869,421$1,600,857$1,527,292$1,939,337
60$2,007,083$1,626,280$1,525,437$2,050,415
61$2,157,117$1,651,279$1,521,851$2,170,673
62$2,320,732$1,675,780$1,516,421$2,301,004
63$2,499,258$1,699,705$1,509,033$2,442,390
64$2,694,161$1,722,969$1,499,564$2,595,918
65$2,907,053$1,745,482$1,487,888$2,762,780
66$3,139,710$1,767,149$1,473,870$2,944,293
67$3,394,087$1,787,865$1,457,370$3,141,908
68$3,672,335$1,807,522$1,438,243$3,357,222
69$3,976,824$1,826,001$1,416,335$3,591,997
70$4,310,162$1,843,178$1,391,485$3,848,175
71$4,675,224$1,858,919$1,363,525$4,127,893
72$5,075,174$1,873,082$1,332,280$4,433,510
73$5,513,495$1,885,517$1,297,565$4,767,625
74$5,994,025$1,896,061$1,259,187$5,133,100
75$6,520,991$1,904,544$1,216,945$5,533,092
76$7,099,049$1,910,782$1,170,629$5,971,080
77$7,733,325$1,914,584$1,120,019$6,450,898
78$8,429,468$1,915,742$1,064,883$6,976,773
79$9,193,699$1,914,039$1,004,981$7,553,363
80$10,032,870$1,909,241$940,063$8,185,802
81$10,954,532$1,901,103$869,864$8,879,750
82$11,967,000$1,889,362$794,110$9,641,445
83$13,079,435$1,873,743$712,514$10,477,762
84$14,301,931$1,853,949$624,776$11,396,281
85$15,645,605$1,829,670$530,584$12,405,355
86$17,122,708$1,800,576$429,610$13,514,191
87$18,746,735$1,766,315$321,513$14,732,938
88$20,532,555$1,726,516$205,936$16,072,785
89$22,496,548$1,680,788$82,507$17,546,060
90$24,656,762$1,628,713$0$19,166,355
91$27,033,085$1,569,853$0$20,952,326
92$29,647,424$1,503,740$0$22,923,626
93$32,523,920$1,429,882$0$25,092,316
94$35,689,170$1,347,757$0$27,478,490
95$39,172,483$1,256,815$0$30,104,294
96$43,006,149$1,156,471$0$32,994,134
97$47,225,747$1,046,109$0$36,174,910
98$51,870,484$925,079$0$39,676,268
99$56,983,556$792,691$0$43,530,882
100$62,612,564$648,217$0$47,774,762