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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$82,579$81,843$81,126$80,425$79,741$77,719
2 years$40,881$40,119$39,381$38,666$37,972$35,948
3 years$26,983$26,218$25,482$24,774$24,091$22,128
4 years$20,036$19,273$18,545$17,848$17,182$15,295
5 years$15,868$15,111$14,391$13,709$13,061$11,256
6 years$13,091$12,339$11,630$10,963$10,335$8,614
7 years$11,108$10,362$9,665$9,013$8,405$6,767
8 years$9,621$8,882$8,197$7,561$6,973$5,418
9 years$8,466$7,734$7,060$6,440$5,872$4,399
10 years$7,542$6,817$6,155$5,552$5,003$3,610
11 years$6,786$6,069$5,419$4,832$4,303$2,987
12 years$6,157$5,447$4,809$4,238$3,729$2,488
13 years$5,625$4,922$4,296$3,742$3,252$2,084
14 years$5,170$4,474$3,860$3,321$2,850$1,753
15 years$4,775$4,087$3,485$2,962$2,510$1,480
16 years$4,430$3,750$3,160$2,652$2,218$1,253
17 years$4,126$3,454$2,875$2,383$1,967$1,064
18 years$3,857$3,191$2,625$2,148$1,749$905
19 years$3,615$2,958$2,403$1,940$1,559$771
20 years$3,399$2,748$2,205$1,757$1,392$658
21 years$3,203$2,560$2,029$1,595$1,246$562
22 years$3,025$2,390$1,870$1,450$1,117$481
23 years$2,863$2,235$1,726$1,321$1,002$411
24 years$2,714$2,094$1,596$1,205$901$352
25 years$2,578$1,965$1,479$1,100$811$302
26 years$2,453$1,847$1,371$1,006$730$259
27 years$2,336$1,738$1,273$921$658$222
28 years$2,229$1,638$1,184$844$594$191
29 years$2,129$1,545$1,102$774$537$164
30 years$2,036$1,459$1,026$710$485$141
31 years$1,949$1,380$957$652$438$121
32 years$1,867$1,305$893$599$396$104
33 years$1,791$1,236$833$551$359$89
34 years$1,719$1,172$779$507$325$77
35 years$1,652$1,111$728$467$294$66
36 years$1,588$1,055$681$430$267$57
37 years$1,528$1,002$637$396$242$49
38 years$1,472$952$597$365$219$42
39 years$1,418$905$559$337$199$36
40 years$1,367$861$524$310$180$31
41 years$1,319$820$492$286$163$27
42 years$1,273$781$461$264$148$23
43 years$1,230$744$433$244$135$20
44 years$1,188$709$406$225$122$17
45 years$1,149$676$381$208$111$15
46 years$1,111$645$358$192$101$13
47 years$1,075$616$336$178$91$11
48 years$1,041$588$316$164$83$9
49 years$1,008$561$297$152$75$8
50 years$976$536$279$140$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,000,000, adding $2,631 every year, while hoping to spend $31,322 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: 33/39/28 Blend
56$1,000,000$1,000,000$1,000,000$1,000,000
57$1,104,714$1,051,714$1,036,214$1,131,698
58$1,184,068$1,069,921$1,037,601$1,170,646
59$1,270,467$1,087,971$1,037,984$1,209,626
60$1,364,596$1,105,823$1,037,298$1,251,029
61$1,467,209$1,123,432$1,035,471$1,295,090
62$1,579,136$1,140,753$1,032,431$1,342,072
63$1,701,291$1,157,733$1,028,101$1,392,262
64$1,834,680$1,174,319$1,022,400$1,445,983
65$1,980,411$1,190,454$1,015,244$1,503,588
66$2,139,702$1,206,075$1,006,543$1,565,469
67$2,313,895$1,221,116$996,206$1,632,062
68$2,504,467$1,235,507$984,134$1,703,846
69$2,713,047$1,249,171$970,227$1,781,353
70$2,941,426$1,262,027$954,377$1,865,170
71$3,191,575$1,273,991$936,473$1,955,947
72$3,465,669$1,284,970$916,398$2,054,404
73$3,766,101$1,294,866$894,030$2,161,336
74$4,095,504$1,303,576$869,242$2,277,620
75$4,456,782$1,310,988$841,898$2,404,229
76$4,853,132$1,316,985$811,860$2,542,238
77$5,288,075$1,321,441$778,981$2,692,831
78$5,765,490$1,324,223$743,108$2,857,323
79$6,289,650$1,325,189$704,081$3,037,162
80$6,865,260$1,324,189$661,734$3,233,950
81$7,497,505$1,321,063$615,891$3,449,456
82$8,192,097$1,315,641$566,370$3,685,636
83$8,955,328$1,307,745$512,980$3,944,649
84$9,794,128$1,297,181$455,522$4,228,880
85$10,716,135$1,283,749$393,788$4,540,964
86$11,729,762$1,267,233$327,560$4,883,808
87$12,844,276$1,247,407$256,612$5,260,626
88$14,069,891$1,224,028$180,707$5,674,963
89$15,417,856$1,196,842$99,597$6,130,736
90$16,900,569$1,165,578$13,025$6,632,267
91$18,531,685$1,129,950$0$7,184,329
92$20,326,255$1,089,655$0$7,815,897
93$22,300,857$1,044,373$0$8,514,771
94$24,473,760$993,763$0$9,283,557
95$26,865,093$937,467$0$10,129,430
96$29,497,035$875,105$0$11,060,298
97$32,394,024$806,276$0$12,084,883
98$35,582,986$730,556$0$13,212,803
99$39,093,593$647,496$0$14,454,665
100$42,958,538$556,621$0$15,822,163