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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$123,043$121,947$120,878$119,834$118,815$114,782
2 years$60,912$59,778$58,678$57,612$56,578$52,556
3 years$40,205$39,065$37,969$36,913$35,896$32,010
4 years$29,853$28,717$27,632$26,594$25,601$21,881
5 years$23,644$22,515$21,443$20,426$19,462$15,918
6 years$19,505$18,385$17,329$16,335$15,399$12,035
7 years$16,551$15,440$14,401$13,430$12,524$9,337
8 years$14,336$13,235$12,213$11,266$10,390$7,379
9 years$12,614$11,523$10,519$9,596$8,750$5,912
10 years$11,237$10,157$9,171$8,272$7,455$4,785
11 years$10,111$9,042$8,074$7,199$6,412$3,904
12 years$9,174$8,116$7,165$6,315$5,556$3,205
13 years$8,381$7,334$6,402$5,575$4,845$2,645
14 years$7,703$6,667$5,752$4,949$4,247$2,191
15 years$7,115$6,090$5,193$4,413$3,740$1,821
16 years$6,601$5,588$4,708$3,952$3,305$1,518
17 years$6,148$5,146$4,284$3,551$2,930$1,268
18 years$5,746$4,755$3,911$3,200$2,606$1,061
19 years$5,387$4,407$3,580$2,891$2,322$889
20 years$5,064$4,095$3,286$2,619$2,074$746
21 years$4,772$3,815$3,022$2,377$1,856$627
22 years$4,507$3,561$2,786$2,161$1,664$527
23 years$4,266$3,330$2,572$1,968$1,494$443
24 years$4,045$3,120$2,379$1,795$1,343$373
25 years$3,841$2,928$2,203$1,639$1,208$314
26 years$3,654$2,752$2,043$1,499$1,088$265
27 years$3,481$2,590$1,897$1,372$981$223
28 years$3,321$2,441$1,764$1,257$885$188
29 years$3,172$2,302$1,641$1,153$799$159
30 years$3,033$2,174$1,529$1,058$722$134
31 years$2,903$2,055$1,425$972$653$113
32 years$2,782$1,945$1,330$893$591$95
33 years$2,668$1,842$1,242$821$535$80
34 years$2,562$1,746$1,160$755$484$68
35 years$2,461$1,656$1,085$695$438$57
36 years$2,366$1,572$1,015$640$397$48
37 years$2,277$1,493$950$590$360$41
38 years$2,193$1,418$889$544$326$35
39 years$2,113$1,349$833$502$296$29
40 years$2,037$1,283$781$463$268$25
41 years$1,965$1,222$732$427$244$21
42 years$1,897$1,163$687$394$221$18
43 years$1,832$1,108$645$364$201$15
44 years$1,770$1,057$605$336$182$13
45 years$1,711$1,008$568$310$165$11
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$8
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$5

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 $5,554 every year, while hoping to spend $43,878 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: 37/34/29 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,647,709$1,568,739$1,545,644$1,694,229
58$1,769,089$1,598,921$1,550,737$1,759,372
59$1,901,380$1,629,112$1,554,530$1,825,311
60$2,045,647$1,659,265$1,556,934$1,895,707
61$2,203,065$1,689,331$1,557,853$1,970,992
62$2,374,926$1,719,256$1,557,189$2,051,644
63$2,562,651$1,748,983$1,554,838$2,138,191
64$2,767,808$1,778,449$1,550,691$2,231,218
65$2,992,119$1,807,587$1,544,633$2,331,369
66$3,237,482$1,836,326$1,536,546$2,439,357
67$3,505,987$1,864,589$1,526,302$2,555,968
68$3,799,937$1,892,292$1,513,772$2,682,073
69$4,121,863$1,919,347$1,498,816$2,818,631
70$4,474,558$1,945,660$1,481,291$2,966,703
71$4,861,094$1,971,128$1,461,045$3,127,462
72$5,284,855$1,995,643$1,437,920$3,302,200
73$5,749,570$2,019,089$1,411,751$3,492,347
74$6,259,344$2,041,343$1,382,362$3,699,482
75$6,818,700$2,062,271$1,349,574$3,925,345
76$7,432,618$2,081,734$1,313,196$4,171,862
77$8,106,586$2,099,579$1,273,029$4,441,157
78$8,846,648$2,115,649$1,228,865$4,735,575
79$9,659,462$2,129,771$1,180,488$5,057,704
80$10,552,362$2,141,765$1,127,669$5,410,403
81$11,533,428$2,151,436$1,070,171$5,796,826
82$12,611,562$2,158,581$1,007,746$6,220,455
83$13,796,569$2,162,980$940,134$6,685,133
84$15,099,255$2,164,401$867,063$7,195,102
85$16,531,520$2,162,598$788,252$7,755,040
86$18,106,479$2,157,309$703,402$8,370,115
87$19,838,579$2,148,257$612,205$9,046,025
88$21,743,739$2,135,146$514,338$9,789,058
89$23,839,496$2,117,664$409,464$10,606,153
90$26,145,174$2,095,478$297,231$11,504,966
91$28,682,063$2,068,239$177,270$12,493,942
92$31,473,623$2,035,572$49,198$13,582,399
93$34,545,700$1,997,083$0$14,780,615
94$37,926,776$1,952,354$0$16,126,997
95$41,648,229$1,900,941$0$17,624,987
96$45,744,638$1,842,377$0$19,273,278
97$50,254,101$1,776,164$0$21,087,225
98$55,218,601$1,701,777$0$23,083,758
99$60,684,394$1,618,660$0$25,281,538
100$66,702,454$1,526,226$0$27,701,138