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%12.2%
1 years$122,217$121,128$120,066$119,030$118,017$116,931
2 years$60,503$59,377$58,285$57,226$56,199$55,104
3 years$39,935$38,803$37,714$36,665$35,655$34,586
4 years$29,653$28,525$27,446$26,415$25,429$24,394
5 years$23,485$22,364$21,299$20,289$19,331$18,333
6 years$19,375$18,262$17,213$16,226$15,296$14,336
7 years$16,440$15,336$14,304$13,340$12,440$11,519
8 years$14,239$13,146$12,131$11,191$10,320$9,438
9 years$12,529$11,446$10,448$9,532$8,691$7,847
10 years$11,162$10,089$9,109$8,217$7,405$6,599
11 years$10,044$8,982$8,020$7,151$6,369$5,600
12 years$9,112$8,061$7,117$6,272$5,519$4,787
13 years$8,325$7,285$6,359$5,537$4,813$4,116
14 years$7,651$6,622$5,713$4,916$4,219$3,557
15 years$7,067$6,049$5,158$4,384$3,714$3,086
16 years$6,557$5,550$4,677$3,925$3,283$2,688
17 years$6,107$5,111$4,256$3,527$2,911$2,347
18 years$5,708$4,723$3,885$3,178$2,588$2,055
19 years$5,351$4,377$3,556$2,872$2,307$1,804
20 years$5,030$4,068$3,264$2,601$2,061$1,586
21 years$4,740$3,789$3,002$2,361$1,844$1,396
22 years$4,477$3,537$2,767$2,146$1,653$1,231
23 years$4,237$3,308$2,555$1,955$1,484$1,087
24 years$4,017$3,099$2,363$1,783$1,334$961
25 years$3,816$2,909$2,188$1,628$1,200$850
26 years$3,630$2,734$2,030$1,489$1,081$753
27 years$3,458$2,573$1,885$1,363$975$667
28 years$3,299$2,424$1,752$1,248$879$592
29 years$3,151$2,287$1,630$1,145$794$525
30 years$3,013$2,160$1,519$1,051$717$466
31 years$2,884$2,042$1,416$965$649$414
32 years$2,763$1,932$1,321$887$587$368
33 years$2,650$1,829$1,233$816$531$327
34 years$2,544$1,734$1,152$750$481$291
35 years$2,445$1,645$1,077$691$435$258
36 years$2,351$1,561$1,008$636$395$230
37 years$2,262$1,483$943$586$358$205
38 years$2,178$1,409$883$540$324$182
39 years$2,099$1,340$828$498$294$162
40 years$2,023$1,275$776$459$267$144
41 years$1,952$1,213$727$424$242$128
42 years$1,884$1,156$682$391$220$114
43 years$1,820$1,101$640$361$199$102
44 years$1,758$1,050$601$333$181$91
45 years$1,700$1,001$564$308$164$81
46 years$1,644$955$530$284$149$72
47 years$1,591$911$498$263$135$64
48 years$1,540$870$468$243$123$57
49 years$1,492$831$440$224$112$51
50 years$1,445$793$414$207$101$45

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 $2,849 every year, while hoping to spend $47,763 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: 76/14/10 Blend
56$1,480,000$1,480,000$1,480,000$1,480,000
57$1,633,899$1,555,459$1,532,519$1,754,986
58$1,749,737$1,580,857$1,533,039$1,860,502
59$1,875,790$1,605,898$1,531,975$1,969,782
60$2,013,049$1,630,516$1,529,225$2,088,215
61$2,162,605$1,654,636$1,524,679$2,216,694
62$2,325,659$1,678,182$1,518,224$2,356,200
63$2,503,532$1,701,069$1,509,741$2,507,815
64$2,697,680$1,723,208$1,499,104$2,672,734
65$2,909,701$1,744,504$1,486,182$2,852,267
66$3,141,361$1,764,854$1,470,839$3,047,864
67$3,394,597$1,784,150$1,452,930$3,261,118
68$3,671,548$1,802,275$1,432,305$3,493,785
69$3,974,565$1,819,105$1,408,806$3,747,802
70$4,306,237$1,834,509$1,382,268$4,025,302
71$4,669,418$1,848,344$1,352,519$4,328,634
72$5,067,248$1,860,462$1,319,377$4,660,389
73$5,503,185$1,870,702$1,282,654$5,023,420
74$5,981,038$1,878,895$1,242,151$5,420,873
75$6,505,003$1,884,860$1,197,663$5,856,213
76$7,079,701$1,888,405$1,148,971$6,333,260
77$7,710,219$1,889,327$1,095,851$6,856,223
78$8,402,166$1,887,408$1,038,066$7,429,741
79$9,161,713$1,882,418$975,368$8,058,926
80$9,995,665$1,874,113$907,500$8,749,412
81$10,911,512$1,862,234$834,191$9,507,410
82$11,917,509$1,846,506$755,159$10,339,761
83$13,022,748$1,826,638$670,110$11,254,009
84$14,237,245$1,802,320$578,735$12,258,465
85$15,572,036$1,773,225$480,714$13,362,290
86$17,039,277$1,739,006$375,712$14,575,580
87$18,652,362$1,699,296$263,376$15,909,464
88$20,426,046$1,653,705$143,343$17,376,204
89$22,376,587$1,601,821$15,229$18,989,317
90$24,521,896$1,543,207$0$20,763,699
91$26,881,708$1,477,403$0$22,728,731
92$29,477,766$1,403,920$0$24,892,120
93$32,334,027$1,322,241$0$27,272,228
94$35,476,887$1,231,820$0$29,891,083
95$38,935,429$1,132,079$0$32,772,957
96$42,741,700$1,022,407$0$35,944,600
97$46,931,008$902,160$0$39,435,488
98$51,542,260$770,655$0$43,278,107
99$56,618,324$627,171$0$47,508,254
100$62,206,438$470,947$0$52,165,379