Can I retire at age 57 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$122,217$121,128$120,066$119,030$118,017$114,561
2 years$60,503$59,377$58,285$57,226$56,199$52,744
3 years$39,935$38,803$37,714$36,665$35,655$32,311
4 years$29,653$28,525$27,446$26,415$25,429$22,221
5 years$23,485$22,364$21,299$20,289$19,331$16,268
6 years$19,375$18,262$17,213$16,226$15,296$12,380
7 years$16,440$15,336$14,304$13,340$12,440$9,672
8 years$14,239$13,146$12,131$11,191$10,320$7,698
9 years$12,529$11,446$10,448$9,532$8,691$6,212
10 years$11,162$10,089$9,109$8,217$7,405$5,066
11 years$10,044$8,982$8,020$7,151$6,369$4,165
12 years$9,112$8,061$7,117$6,272$5,519$3,447
13 years$8,325$7,285$6,359$5,537$4,813$2,868
14 years$7,651$6,622$5,713$4,916$4,219$2,396
15 years$7,067$6,049$5,158$4,384$3,714$2,008
16 years$6,557$5,550$4,677$3,925$3,283$1,688
17 years$6,107$5,111$4,256$3,527$2,911$1,423
18 years$5,708$4,723$3,885$3,178$2,588$1,201
19 years$5,351$4,377$3,556$2,872$2,307$1,016
20 years$5,030$4,068$3,264$2,601$2,061$860
21 years$4,740$3,789$3,002$2,361$1,844$729
22 years$4,477$3,537$2,767$2,146$1,653$619
23 years$4,237$3,308$2,555$1,955$1,484$526
24 years$4,017$3,099$2,363$1,783$1,334$447
25 years$3,816$2,909$2,188$1,628$1,200$380
26 years$3,630$2,734$2,030$1,489$1,081$323
27 years$3,458$2,573$1,885$1,363$975$275
28 years$3,299$2,424$1,752$1,248$879$234
29 years$3,151$2,287$1,630$1,145$794$200
30 years$3,013$2,160$1,519$1,051$717$170
31 years$2,884$2,042$1,416$965$649$145
32 years$2,763$1,932$1,321$887$587$123
33 years$2,650$1,829$1,233$816$531$105
34 years$2,544$1,734$1,152$750$481$90
35 years$2,445$1,645$1,077$691$435$77
36 years$2,351$1,561$1,008$636$395$65
37 years$2,262$1,483$943$586$358$56
38 years$2,178$1,409$883$540$324$47
39 years$2,099$1,340$828$498$294$40
40 years$2,023$1,275$776$459$267$35
41 years$1,952$1,213$727$424$242$29
42 years$1,884$1,156$682$391$220$25
43 years$1,820$1,101$640$361$199$21
44 years$1,758$1,050$601$333$181$18
45 years$1,700$1,001$564$308$164$16
46 years$1,644$955$530$284$149$13
47 years$1,591$911$498$263$135$11
48 years$1,540$870$468$243$123$10
49 years$1,492$831$440$224$112$8
50 years$1,445$793$414$207$101$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,480,000, adding $5,915 every year, while hoping to spend $48,884 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: 45/38/17 Blend
56$1,480,000$1,480,000$1,480,000$1,480,000
57$1,637,061$1,558,621$1,535,681$1,702,499
58$1,752,029$1,582,982$1,535,114$1,773,203
59$1,877,086$1,606,897$1,532,890$1,844,476
60$2,013,208$1,630,294$1,528,901$1,920,724
61$2,161,471$1,653,095$1,523,036$2,002,428
62$2,323,060$1,675,215$1,515,176$2,090,123
63$2,499,275$1,696,564$1,505,197$2,184,395
64$2,691,551$1,717,045$1,492,971$2,285,895
65$2,901,466$1,736,557$1,478,363$2,395,342
66$3,130,756$1,754,989$1,461,229$2,513,527
67$3,381,335$1,772,225$1,441,421$2,641,327
68$3,655,306$1,788,139$1,418,784$2,779,708
69$3,954,988$1,802,599$1,393,154$2,929,738
70$4,282,934$1,815,463$1,364,362$3,092,597
71$4,641,953$1,826,581$1,332,227$3,269,587
72$5,035,139$1,835,791$1,296,565$3,462,146
73$5,465,902$1,842,923$1,257,178$3,671,862
74$5,937,994$1,847,796$1,213,863$3,900,487
75$6,455,547$1,850,216$1,166,406$4,149,958
76$7,023,116$1,849,979$1,114,583$4,422,411
77$7,645,713$1,846,868$1,058,161$4,720,204
78$8,328,862$1,840,650$996,895$5,045,943
79$9,078,645$1,831,081$930,530$5,402,500
80$9,901,764$1,817,901$858,800$5,793,049
81$10,805,599$1,800,834$781,425$6,221,090
82$11,798,282$1,779,587$698,115$6,690,490
83$12,888,770$1,753,849$608,565$7,205,512
84$14,086,930$1,723,294$512,458$7,770,864
85$15,403,633$1,687,571$409,461$8,391,739
86$16,850,854$1,646,313$299,229$9,073,868
87$18,441,788$1,599,128$181,399$9,823,575
88$20,190,969$1,545,605$55,595$10,647,838
89$22,114,413$1,485,304$0$11,554,355
90$24,229,762$1,417,764$0$12,565,887
91$26,556,458$1,342,494$0$13,689,225
92$29,115,917$1,258,976$0$14,924,688
93$31,931,737$1,166,663$0$16,283,760
94$35,029,921$1,064,976$0$17,779,102
95$38,439,115$953,302$0$19,424,679
96$42,190,885$830,995$0$21,235,883
97$46,320,013$697,370$0$23,229,690
98$50,864,819$551,706$0$25,424,816
99$55,867,530$393,240$0$27,841,895
100$61,374,675$221,165$0$30,503,679