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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$121,391$120,310$119,255$118,225$117,220$115,041
2 years$60,095$58,975$57,891$56,839$55,819$53,632
3 years$39,665$38,541$37,459$36,417$35,414$33,287
4 years$29,452$28,332$27,261$26,237$25,257$23,207
5 years$23,326$22,212$21,155$20,152$19,200$17,232
6 years$19,244$18,138$17,097$16,116$15,193$13,309
7 years$16,329$15,232$14,207$13,250$12,356$10,557
8 years$14,143$13,057$12,049$11,115$10,250$8,536
9 years$12,444$11,368$10,378$9,467$8,632$7,001
10 years$11,086$10,021$9,048$8,161$7,355$5,806
11 years$9,976$8,921$7,965$7,103$6,326$4,857
12 years$9,051$8,007$7,069$6,230$5,482$4,091
13 years$8,269$7,236$6,316$5,500$4,780$3,465
14 years$7,599$6,577$5,675$4,882$4,190$2,949
15 years$7,020$6,008$5,124$4,354$3,689$2,519
16 years$6,513$5,513$4,645$3,899$3,261$2,159
17 years$6,066$5,077$4,227$3,503$2,891$1,855
18 years$5,669$4,691$3,859$3,157$2,571$1,598
19 years$5,315$4,348$3,532$2,852$2,291$1,378
20 years$4,996$4,040$3,242$2,583$2,047$1,191
21 years$4,708$3,763$2,982$2,345$1,831$1,031
22 years$4,447$3,513$2,748$2,132$1,642$894
23 years$4,208$3,286$2,538$1,942$1,474$775
24 years$3,990$3,078$2,347$1,771$1,325$673
25 years$3,790$2,889$2,174$1,617$1,192$585
26 years$3,605$2,715$2,016$1,479$1,074$509
27 years$3,435$2,555$1,872$1,353$968$442
28 years$3,276$2,408$1,740$1,240$873$385
29 years$3,129$2,271$1,619$1,137$789$335
30 years$2,992$2,145$1,508$1,044$713$292
31 years$2,864$2,028$1,406$958$644$255
32 years$2,745$1,919$1,312$881$583$222
33 years$2,633$1,817$1,225$810$527$193
34 years$2,527$1,722$1,145$745$478$169
35 years$2,428$1,633$1,070$686$433$147
36 years$2,335$1,550$1,001$632$392$128
37 years$2,247$1,473$937$582$355$112
38 years$2,163$1,399$877$537$322$98
39 years$2,084$1,331$822$495$292$85
40 years$2,010$1,266$771$456$265$74
41 years$1,939$1,205$723$421$240$65
42 years$1,872$1,148$678$389$218$57
43 years$1,808$1,094$636$359$198$50
44 years$1,747$1,042$597$331$180$43
45 years$1,689$994$561$306$163$38
46 years$1,633$948$526$283$148$33
47 years$1,580$905$495$261$134$29
48 years$1,530$864$465$241$122$25
49 years$1,481$825$437$223$111$22
50 years$1,435$788$411$206$101$19

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 $3,157 every year, while hoping to spend $29,032 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: 43/27/30 Blend
56$1,470,000$1,470,000$1,470,000$1,470,000
57$1,623,196$1,545,286$1,522,501$1,678,672
58$1,757,873$1,590,116$1,542,615$1,763,716
59$1,905,313$1,636,168$1,562,430$1,852,834
60$2,066,788$1,683,474$1,581,905$1,948,855
61$2,243,699$1,732,063$1,600,997$2,052,436
62$2,437,586$1,781,964$1,619,661$2,164,304
63$2,650,149$1,833,209$1,637,848$2,285,256
64$2,883,256$1,885,829$1,655,508$2,416,172
65$3,138,969$1,939,855$1,672,588$2,558,020
66$3,419,555$1,995,319$1,689,032$2,711,867
67$3,727,514$2,052,254$1,704,779$2,878,888
68$4,065,599$2,110,693$1,719,767$3,060,378
69$4,436,841$2,170,668$1,733,930$3,257,762
70$4,844,582$2,232,213$1,747,200$3,472,612
71$5,292,500$2,295,363$1,759,502$3,706,657
72$5,784,650$2,360,150$1,770,760$3,961,805
73$6,325,497$2,426,610$1,780,893$4,240,157
74$6,919,961$2,494,777$1,789,816$4,544,027
75$7,573,462$2,564,686$1,797,440$4,875,967
76$8,291,971$2,636,372$1,803,670$5,238,786
77$9,082,068$2,709,870$1,808,409$5,635,581
78$9,951,001$2,785,216$1,811,553$6,069,766
79$10,906,756$2,862,444$1,812,992$6,545,101
80$11,958,131$2,941,590$1,812,614$7,065,731
81$13,114,822$3,022,689$1,810,298$7,636,221
82$14,387,509$3,105,777$1,805,918$8,261,605
83$15,787,962$3,190,887$1,799,344$8,947,428
84$17,329,149$3,278,055$1,790,436$9,699,804
85$19,025,357$3,367,314$1,779,051$10,525,466
86$20,892,331$3,458,700$1,765,036$11,431,839
87$22,947,417$3,552,245$1,748,233$12,427,103
88$25,209,729$3,647,981$1,728,475$13,520,273
89$27,700,331$3,745,941$1,705,589$14,721,284
90$30,442,429$3,846,157$1,679,390$16,041,087
91$33,461,596$3,948,658$1,649,689$17,491,748
92$36,786,011$4,053,474$1,616,285$19,086,567
93$40,446,722$4,160,632$1,578,969$20,840,200
94$44,477,945$4,270,161$1,537,522$22,768,800
95$48,917,381$4,382,084$1,491,715$24,890,168
96$53,806,574$4,496,426$1,441,307$27,223,923
97$59,191,303$4,613,210$1,386,049$29,791,687
98$65,122,013$4,732,453$1,325,679$32,617,287
99$71,654,290$4,854,176$1,259,921$35,726,986
100$78,849,390$4,978,393$1,188,491$39,149,723