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%15.3%
1 years$121,391$120,310$119,255$118,225$117,220$114,666
2 years$60,095$58,975$57,891$56,839$55,819$53,259
3 years$39,665$38,541$37,459$36,417$35,414$32,927
4 years$29,452$28,332$27,261$26,237$25,257$22,864
5 years$23,326$22,212$21,155$20,152$19,200$16,906
6 years$19,244$18,138$17,097$16,116$15,193$13,000
7 years$16,329$15,232$14,207$13,250$12,356$10,266
8 years$14,143$13,057$12,049$11,115$10,250$8,262
9 years$12,444$11,368$10,378$9,467$8,632$6,744
10 years$11,086$10,021$9,048$8,161$7,355$5,565
11 years$9,976$8,921$7,965$7,103$6,326$4,632
12 years$9,051$8,007$7,069$6,230$5,482$3,881
13 years$8,269$7,236$6,316$5,500$4,780$3,270
14 years$7,599$6,577$5,675$4,882$4,190$2,768
15 years$7,020$6,008$5,124$4,354$3,689$2,351
16 years$6,513$5,513$4,645$3,899$3,261$2,004
17 years$6,066$5,077$4,227$3,503$2,891$1,712
18 years$5,669$4,691$3,859$3,157$2,571$1,466
19 years$5,315$4,348$3,532$2,852$2,291$1,257
20 years$4,996$4,040$3,242$2,583$2,047$1,080
21 years$4,708$3,763$2,982$2,345$1,831$929
22 years$4,447$3,513$2,748$2,132$1,642$800
23 years$4,208$3,286$2,538$1,942$1,474$690
24 years$3,990$3,078$2,347$1,771$1,325$595
25 years$3,790$2,889$2,174$1,617$1,192$514
26 years$3,605$2,715$2,016$1,479$1,074$444
27 years$3,435$2,555$1,872$1,353$968$384
28 years$3,276$2,408$1,740$1,240$873$332
29 years$3,129$2,271$1,619$1,137$789$287
30 years$2,992$2,145$1,508$1,044$713$249
31 years$2,864$2,028$1,406$958$644$215
32 years$2,745$1,919$1,312$881$583$186
33 years$2,633$1,817$1,225$810$527$161
34 years$2,527$1,722$1,145$745$478$140
35 years$2,428$1,633$1,070$686$433$121
36 years$2,335$1,550$1,001$632$392$105
37 years$2,247$1,473$937$582$355$91
38 years$2,163$1,399$877$537$322$79
39 years$2,084$1,331$822$495$292$68
40 years$2,010$1,266$771$456$265$59
41 years$1,939$1,205$723$421$240$51
42 years$1,872$1,148$678$389$218$45
43 years$1,808$1,094$636$359$198$39
44 years$1,747$1,042$597$331$180$33
45 years$1,689$994$561$306$163$29
46 years$1,633$948$526$283$148$25
47 years$1,580$905$495$261$134$22
48 years$1,530$864$465$241$122$19
49 years$1,481$825$437$223$111$16
50 years$1,435$788$411$206$101$14

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 $6,786 every year, while hoping to spend $41,927 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: 21/49/30 Blend
56$1,470,000$1,470,000$1,470,000$1,470,000
57$1,626,940$1,549,030$1,526,245$1,645,547
58$1,748,278$1,580,322$1,532,764$1,694,596
59$1,880,587$1,611,743$1,538,096$1,743,097
60$2,024,942$1,643,253$1,542,158$1,794,040
61$2,182,526$1,674,813$1,544,860$1,847,651
62$2,354,642$1,706,377$1,546,111$1,904,180
63$2,542,722$1,737,896$1,545,813$1,963,902
64$2,748,346$1,769,320$1,543,864$2,027,126
65$2,973,251$1,800,590$1,540,157$2,094,192
66$3,219,350$1,831,646$1,534,580$2,165,475
67$3,488,751$1,862,424$1,527,015$2,241,394
68$3,783,772$1,892,851$1,517,339$2,322,411
69$4,106,970$1,922,854$1,505,423$2,409,039
70$4,461,157$1,952,350$1,491,131$2,501,844
71$4,849,433$1,981,253$1,474,321$2,601,457
72$5,275,209$2,009,469$1,454,845$2,708,572
73$5,742,246$2,036,898$1,432,548$2,823,959
74$6,254,683$2,063,434$1,407,266$2,948,472
75$6,817,080$2,088,962$1,378,829$3,083,055
76$7,434,461$2,113,360$1,347,059$3,228,752
77$8,112,359$2,136,497$1,311,768$3,386,718
78$8,856,870$2,158,236$1,272,762$3,558,233
79$9,674,707$2,178,426$1,229,837$3,744,712
80$10,573,269$2,196,911$1,182,778$3,947,717
81$11,560,704$2,213,521$1,131,363$4,168,980
82$12,645,990$2,228,077$1,075,357$4,410,413
83$13,839,017$2,240,389$1,014,518$4,674,133
84$15,150,681$2,250,253$948,588$4,962,476
85$16,592,988$2,257,452$877,303$5,278,028
86$18,179,164$2,261,758$800,384$5,623,646
87$19,923,781$2,262,927$717,539$6,002,485
88$21,842,894$2,260,698$628,464$6,418,035
89$23,954,194$2,254,797$532,843$6,874,149
90$26,277,171$2,244,932$430,343$7,375,085
91$28,833,301$2,230,792$320,617$7,925,547
92$31,646,246$2,212,049$203,306$8,530,729
93$34,742,078$2,188,353$78,031$9,196,369
94$38,149,523$2,159,336$0$9,928,803
95$41,900,237$2,124,606$0$10,752,845
96$46,029,096$2,083,747$0$11,686,216
97$50,574,532$2,036,319$0$12,712,580
98$55,578,893$1,981,857$0$13,841,496
99$61,088,840$1,919,868$0$15,083,508
100$67,155,790$1,849,829$0$16,450,246