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%18.5%
1 years$123,043$121,947$120,878$119,834$118,815$114,736
2 years$60,912$59,778$58,678$57,612$56,578$52,511
3 years$40,205$39,065$37,969$36,913$35,896$31,967
4 years$29,853$28,717$27,632$26,594$25,601$21,841
5 years$23,644$22,515$21,443$20,426$19,462$15,880
6 years$19,505$18,385$17,329$16,335$15,399$12,000
7 years$16,551$15,440$14,401$13,430$12,524$9,305
8 years$14,336$13,235$12,213$11,266$10,390$7,349
9 years$12,614$11,523$10,519$9,596$8,750$5,884
10 years$11,237$10,157$9,171$8,272$7,455$4,759
11 years$10,111$9,042$8,074$7,199$6,412$3,880
12 years$9,174$8,116$7,165$6,315$5,556$3,184
13 years$8,381$7,334$6,402$5,575$4,845$2,625
14 years$7,703$6,667$5,752$4,949$4,247$2,173
15 years$7,115$6,090$5,193$4,413$3,740$1,805
16 years$6,601$5,588$4,708$3,952$3,305$1,503
17 years$6,148$5,146$4,284$3,551$2,930$1,255
18 years$5,746$4,755$3,911$3,200$2,606$1,049
19 years$5,387$4,407$3,580$2,891$2,322$879
20 years$5,064$4,095$3,286$2,619$2,074$737
21 years$4,772$3,815$3,022$2,377$1,856$618
22 years$4,507$3,561$2,786$2,161$1,664$519
23 years$4,266$3,330$2,572$1,968$1,494$437
24 years$4,045$3,120$2,379$1,795$1,343$367
25 years$3,841$2,928$2,203$1,639$1,208$309
26 years$3,654$2,752$2,043$1,499$1,088$260
27 years$3,481$2,590$1,897$1,372$981$219
28 years$3,321$2,441$1,764$1,257$885$185
29 years$3,172$2,302$1,641$1,153$799$156
30 years$3,033$2,174$1,529$1,058$722$131
31 years$2,903$2,055$1,425$972$653$111
32 years$2,782$1,945$1,330$893$591$93
33 years$2,668$1,842$1,242$821$535$79
34 years$2,562$1,746$1,160$755$484$66
35 years$2,461$1,656$1,085$695$438$56
36 years$2,366$1,572$1,015$640$397$47
37 years$2,277$1,493$950$590$360$40
38 years$2,193$1,418$889$544$326$34
39 years$2,113$1,349$833$502$296$28
40 years$2,037$1,283$781$463$268$24
41 years$1,965$1,222$732$427$244$20
42 years$1,897$1,163$687$394$221$17
43 years$1,832$1,108$645$364$201$14
44 years$1,770$1,057$605$336$182$12
45 years$1,711$1,008$568$310$165$10
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$7
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$4

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 $4,974 every year, while hoping to spend $24,237 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: 59/19/22 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,647,111$1,568,141$1,545,046$1,734,367
58$1,789,328$1,619,192$1,571,017$1,845,290
59$1,945,239$1,671,932$1,597,045$1,963,153
60$2,116,215$1,726,418$1,623,108$2,091,168
61$2,303,767$1,782,710$1,649,180$2,230,324
62$2,509,557$1,840,869$1,675,233$2,381,709
63$2,735,418$1,900,958$1,701,240$2,546,520
64$2,983,369$1,963,042$1,727,169$2,726,074
65$3,255,631$2,027,191$1,752,989$2,921,826
66$3,554,656$2,093,473$1,778,664$3,135,371
67$3,883,140$2,161,962$1,804,158$3,368,472
68$4,244,055$2,232,734$1,829,433$3,623,067
69$4,640,676$2,305,865$1,854,446$3,901,290
70$5,076,610$2,381,437$1,879,155$4,205,493
71$5,555,830$2,459,534$1,903,513$4,538,267
72$6,082,715$2,540,241$1,927,471$4,902,464
73$6,662,089$2,623,650$1,950,978$5,301,226
74$7,299,265$2,709,852$1,973,978$5,738,016
75$8,000,099$2,798,943$1,996,415$6,216,645
76$8,771,041$2,891,024$2,018,228$6,741,314
77$9,619,200$2,986,197$2,039,351$7,316,651
78$10,552,407$3,084,569$2,059,718$7,947,753
79$11,579,291$3,186,251$2,079,257$8,640,237
80$12,709,358$3,291,357$2,097,892$9,400,290
81$13,953,086$3,400,007$2,115,544$10,234,729
82$15,322,016$3,512,322$2,132,130$11,151,064
83$16,828,867$3,628,431$2,147,561$12,157,570
84$18,487,652$3,748,465$2,161,746$13,263,364
85$20,313,815$3,872,562$2,174,586$14,478,491
86$22,324,369$4,000,863$2,185,980$15,814,020
87$24,538,064$4,133,514$2,195,820$17,282,145
88$26,975,559$4,270,669$2,203,992$18,896,304
89$29,659,619$4,412,485$2,210,379$20,671,301
90$32,615,328$4,559,125$2,214,855$22,623,452
91$35,870,329$4,710,759$2,217,289$24,770,732
92$39,455,078$4,867,562$2,217,545$27,132,949
93$43,403,141$5,029,717$2,215,477$29,731,929
94$47,751,500$5,197,413$2,210,935$32,591,721
95$52,540,912$5,370,844$2,203,759$35,738,826
96$57,816,284$5,550,215$2,193,785$39,202,447
97$63,627,104$5,735,735$2,180,836$43,014,761
98$70,027,906$5,927,622$2,164,730$47,211,226
99$77,078,780$6,126,104$2,145,277$51,830,916
100$84,845,946$6,331,414$2,122,274$56,916,885