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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$122,217$121,128$120,066$119,030$118,017$113,380
2 years$60,503$59,377$58,285$57,226$56,199$51,583
3 years$39,935$38,803$37,714$36,665$35,655$31,206
4 years$29,653$28,525$27,446$26,415$25,429$21,182
5 years$23,485$22,364$21,299$20,289$19,331$15,296
6 years$19,375$18,262$17,213$16,226$15,296$11,476
7 years$16,440$15,336$14,304$13,340$12,440$8,833
8 years$14,239$13,146$12,131$11,191$10,320$6,923
9 years$12,529$11,446$10,448$9,532$8,691$5,498
10 years$11,162$10,089$9,109$8,217$7,405$4,411
11 years$10,044$8,982$8,020$7,151$6,369$3,566
12 years$9,112$8,061$7,117$6,272$5,519$2,901
13 years$8,325$7,285$6,359$5,537$4,813$2,371
14 years$7,651$6,622$5,713$4,916$4,219$1,945
15 years$7,067$6,049$5,158$4,384$3,714$1,601
16 years$6,557$5,550$4,677$3,925$3,283$1,320
17 years$6,107$5,111$4,256$3,527$2,911$1,092
18 years$5,708$4,723$3,885$3,178$2,588$904
19 years$5,351$4,377$3,556$2,872$2,307$750
20 years$5,030$4,068$3,264$2,601$2,061$622
21 years$4,740$3,789$3,002$2,361$1,844$517
22 years$4,477$3,537$2,767$2,146$1,653$430
23 years$4,237$3,308$2,555$1,955$1,484$358
24 years$4,017$3,099$2,363$1,783$1,334$298
25 years$3,816$2,909$2,188$1,628$1,200$248
26 years$3,630$2,734$2,030$1,489$1,081$207
27 years$3,458$2,573$1,885$1,363$975$172
28 years$3,299$2,424$1,752$1,248$879$144
29 years$3,151$2,287$1,630$1,145$794$120
30 years$3,013$2,160$1,519$1,051$717$100
31 years$2,884$2,042$1,416$965$649$83
32 years$2,763$1,932$1,321$887$587$69
33 years$2,650$1,829$1,233$816$531$58
34 years$2,544$1,734$1,152$750$481$48
35 years$2,445$1,645$1,077$691$435$40
36 years$2,351$1,561$1,008$636$395$34
37 years$2,262$1,483$943$586$358$28
38 years$2,178$1,409$883$540$324$23
39 years$2,099$1,340$828$498$294$20
40 years$2,023$1,275$776$459$267$16
41 years$1,952$1,213$727$424$242$14
42 years$1,884$1,156$682$391$220$11
43 years$1,820$1,101$640$361$199$10
44 years$1,758$1,050$601$333$181$8
45 years$1,700$1,001$564$308$164$7
46 years$1,644$955$530$284$149$6
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$4
49 years$1,492$831$440$224$112$3
50 years$1,445$793$414$207$101$3

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 $5,367 every year, while hoping to spend $46,236 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: 53/39/8 Blend
56$1,480,000$1,480,000$1,480,000$1,480,000
57$1,636,496$1,558,056$1,535,116$1,719,732
58$1,754,224$1,585,206$1,537,348$1,803,935
59$1,882,410$1,612,137$1,538,104$1,890,001
60$2,022,073$1,638,789$1,537,288$1,982,530
61$2,174,333$1,665,098$1,534,796$2,082,141
62$2,340,423$1,690,995$1,530,519$2,189,518
63$2,521,699$1,716,407$1,524,345$2,305,413
64$2,719,656$1,741,255$1,516,154$2,430,658
65$2,935,939$1,765,454$1,505,822$2,566,167
66$3,172,356$1,788,913$1,493,219$2,712,950
67$3,430,902$1,811,535$1,478,208$2,872,121
68$3,713,772$1,833,218$1,460,645$3,044,907
69$4,023,380$1,853,849$1,440,381$3,232,663
70$4,362,390$1,873,312$1,417,258$3,436,881
71$4,733,729$1,891,481$1,391,112$3,659,207
72$5,140,627$1,908,220$1,361,771$3,901,458
73$5,586,635$1,923,388$1,329,055$4,165,636
74$6,075,669$1,936,831$1,292,776$4,453,948
75$6,612,040$1,948,388$1,252,736$4,768,831
76$7,200,494$1,957,885$1,208,729$5,112,970
77$7,846,263$1,965,140$1,160,540$5,489,327
78$8,555,106$1,969,956$1,107,943$5,901,167
79$9,333,371$1,972,128$1,050,702$6,352,095
80$10,188,046$1,971,433$988,572$6,846,080
81$11,126,831$1,967,638$921,294$7,387,505
82$12,158,211$1,960,496$848,600$7,981,200
83$13,291,529$1,949,741$770,209$8,632,492
84$14,537,081$1,935,094$685,827$9,347,256
85$15,906,209$1,916,259$595,147$10,131,968
86$17,411,407$1,892,920$497,850$10,993,773
87$19,066,443$1,864,745$393,600$11,940,548
88$20,886,483$1,831,381$282,048$12,980,976
89$22,888,237$1,792,452$162,831$14,124,636
90$25,090,118$1,747,563$35,566$15,382,087
91$27,512,410$1,696,294$0$16,764,973
92$30,177,464$1,638,200$0$18,294,689
93$33,109,905$1,572,811$0$19,980,629
94$36,336,866$1,499,630$0$21,835,397
95$39,888,245$1,418,130$0$23,876,241
96$43,796,982$1,327,755$0$26,122,171
97$48,099,375$1,227,916$0$28,594,147
98$52,835,418$1,117,990$0$31,315,273
99$58,049,179$997,320$0$34,311,019
100$63,789,217$865,210$0$37,609,460