Can I retire at age 57 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$123,043$121,947$120,878$119,834$118,815$114,056
2 years$60,912$59,778$58,678$57,612$56,578$51,843
3 years$40,205$39,065$37,969$36,913$35,896$31,334
4 years$29,853$28,717$27,632$26,594$25,601$21,247
5 years$23,644$22,515$21,443$20,426$19,462$15,327
6 years$19,505$18,385$17,329$16,335$15,399$11,486
7 years$16,551$15,440$14,401$13,430$12,524$8,831
8 years$14,336$13,235$12,213$11,266$10,390$6,913
9 years$12,614$11,523$10,519$9,596$8,750$5,484
10 years$11,237$10,157$9,171$8,272$7,455$4,394
11 years$10,111$9,042$8,074$7,199$6,412$3,548
12 years$9,174$8,116$7,165$6,315$5,556$2,882
13 years$8,381$7,334$6,402$5,575$4,845$2,352
14 years$7,703$6,667$5,752$4,949$4,247$1,927
15 years$7,115$6,090$5,193$4,413$3,740$1,583
16 years$6,601$5,588$4,708$3,952$3,305$1,304
17 years$6,148$5,146$4,284$3,551$2,930$1,077
18 years$5,746$4,755$3,911$3,200$2,606$890
19 years$5,387$4,407$3,580$2,891$2,322$737
20 years$5,064$4,095$3,286$2,619$2,074$611
21 years$4,772$3,815$3,022$2,377$1,856$507
22 years$4,507$3,561$2,786$2,161$1,664$421
23 years$4,266$3,330$2,572$1,968$1,494$350
24 years$4,045$3,120$2,379$1,795$1,343$291
25 years$3,841$2,928$2,203$1,639$1,208$242
26 years$3,654$2,752$2,043$1,499$1,088$201
27 years$3,481$2,590$1,897$1,372$981$167
28 years$3,321$2,441$1,764$1,257$885$139
29 years$3,172$2,302$1,641$1,153$799$116
30 years$3,033$2,174$1,529$1,058$722$97
31 years$2,903$2,055$1,425$972$653$80
32 years$2,782$1,945$1,330$893$591$67
33 years$2,668$1,842$1,242$821$535$56
34 years$2,562$1,746$1,160$755$484$46
35 years$2,461$1,656$1,085$695$438$39
36 years$2,366$1,572$1,015$640$397$32
37 years$2,277$1,493$950$590$360$27
38 years$2,193$1,418$889$544$326$22
39 years$2,113$1,349$833$502$296$19
40 years$2,037$1,283$781$463$268$16
41 years$1,965$1,222$732$427$244$13
42 years$1,897$1,163$687$394$221$11
43 years$1,832$1,108$645$364$201$9
44 years$1,770$1,057$605$336$182$7
45 years$1,711$1,008$568$310$165$6
46 years$1,655$961$534$286$150$5
47 years$1,602$917$501$265$136$4
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,490,000, adding $6,760 every year, while hoping to spend $31,888 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: 68/9/23 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,648,953$1,569,983$1,546,888$1,751,016
58$1,783,218$1,612,984$1,564,780$1,863,274
59$1,930,108$1,657,022$1,582,203$1,981,734
60$2,090,880$1,702,117$1,599,107$2,110,575
61$2,266,913$1,748,284$1,615,440$2,250,821
62$2,459,728$1,795,540$1,631,148$2,403,600
63$2,671,000$1,843,901$1,646,171$2,570,155
64$2,902,574$1,893,385$1,660,450$2,751,855
65$3,156,482$1,944,005$1,673,920$2,950,209
66$3,434,960$1,995,779$1,686,513$3,166,879
67$3,740,473$2,048,719$1,698,159$3,403,696
68$4,075,736$2,102,841$1,708,782$3,662,678
69$4,443,738$2,158,157$1,718,303$3,946,049
70$4,847,773$2,214,680$1,726,640$4,256,257
71$5,291,469$2,272,423$1,733,705$4,596,002
72$5,778,823$2,331,395$1,739,408$4,968,259
73$6,314,236$2,391,607$1,743,652$5,376,305
74$6,902,561$2,453,068$1,746,337$5,823,750
75$7,549,138$2,515,785$1,747,355$6,314,576
76$8,259,856$2,579,764$1,746,598$6,853,167
77$9,041,200$2,645,011$1,743,947$7,444,357
78$9,900,314$2,711,528$1,739,280$8,093,470
79$10,845,070$2,779,317$1,732,470$8,806,376
80$11,884,141$2,848,378$1,723,383$9,589,541
81$13,027,083$2,918,708$1,711,876$10,450,093
82$14,284,425$2,990,304$1,697,802$11,395,886
83$15,667,765$3,063,158$1,681,008$12,435,575
84$17,189,885$3,137,261$1,661,330$13,578,699
85$18,864,868$3,212,601$1,638,599$14,835,769
86$20,708,230$3,289,164$1,612,637$16,218,369
87$22,737,068$3,366,932$1,583,259$17,739,265
88$24,970,221$3,445,883$1,550,270$19,412,527
89$27,428,445$3,525,992$1,513,466$21,253,657
90$30,134,612$3,607,232$1,472,633$23,279,742
91$33,113,926$3,689,570$1,427,549$25,509,612
92$36,394,155$3,772,967$1,377,981$27,964,018
93$40,005,900$3,857,384$1,323,684$30,665,828
94$43,982,878$3,942,772$1,264,404$33,640,245
95$48,362,244$4,029,080$1,199,874$36,915,042
96$53,184,939$4,116,251$1,129,815$40,520,827
97$58,496,075$4,204,220$1,053,937$44,491,331
98$64,345,364$4,292,916$971,933$48,863,728
99$70,787,586$4,382,264$883,488$53,678,984
100$77,883,103$4,472,178$788,268$58,982,245