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%14.1%
1 years$82,579$81,843$81,126$80,425$79,741$78,388
2 years$40,881$40,119$39,381$38,666$37,972$36,613
3 years$26,983$26,218$25,482$24,774$24,091$22,768
4 years$20,036$19,273$18,545$17,848$17,182$15,906
5 years$15,868$15,111$14,391$13,709$13,061$11,835
6 years$13,091$12,339$11,630$10,963$10,335$9,161
7 years$11,108$10,362$9,665$9,013$8,405$7,283
8 years$9,621$8,882$8,197$7,561$6,973$5,902
9 years$8,466$7,734$7,060$6,440$5,872$4,853
10 years$7,542$6,817$6,155$5,552$5,003$4,034
11 years$6,786$6,069$5,419$4,832$4,303$3,383
12 years$6,157$5,447$4,809$4,238$3,729$2,857
13 years$5,625$4,922$4,296$3,742$3,252$2,426
14 years$5,170$4,474$3,860$3,321$2,850$2,070
15 years$4,775$4,087$3,485$2,962$2,510$1,773
16 years$4,430$3,750$3,160$2,652$2,218$1,524
17 years$4,126$3,454$2,875$2,383$1,967$1,313
18 years$3,857$3,191$2,625$2,148$1,749$1,134
19 years$3,615$2,958$2,403$1,940$1,559$982
20 years$3,399$2,748$2,205$1,757$1,392$851
21 years$3,203$2,560$2,029$1,595$1,246$739
22 years$3,025$2,390$1,870$1,450$1,117$642
23 years$2,863$2,235$1,726$1,321$1,002$559
24 years$2,714$2,094$1,596$1,205$901$487
25 years$2,578$1,965$1,479$1,100$811$424
26 years$2,453$1,847$1,371$1,006$730$370
27 years$2,336$1,738$1,273$921$658$323
28 years$2,229$1,638$1,184$844$594$282
29 years$2,129$1,545$1,102$774$537$246
30 years$2,036$1,459$1,026$710$485$215
31 years$1,949$1,380$957$652$438$188
32 years$1,867$1,305$893$599$396$165
33 years$1,791$1,236$833$551$359$144
34 years$1,719$1,172$779$507$325$126
35 years$1,652$1,111$728$467$294$110
36 years$1,588$1,055$681$430$267$97
37 years$1,528$1,002$637$396$242$85
38 years$1,472$952$597$365$219$74
39 years$1,418$905$559$337$199$65
40 years$1,367$861$524$310$180$57
41 years$1,319$820$492$286$163$50
42 years$1,273$781$461$264$148$44
43 years$1,230$744$433$244$135$38
44 years$1,188$709$406$225$122$33
45 years$1,149$676$381$208$111$29
46 years$1,111$645$358$192$101$26
47 years$1,075$616$336$178$91$22
48 years$1,041$588$316$164$83$20
49 years$1,008$561$297$152$75$17
50 years$976$536$279$140$69$15

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 $2,347 every year, while hoping to spend $48,213 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: 39/34/27 Blend
56$1,000,000$1,000,000$1,000,000$1,000,000
57$1,104,421$1,051,421$1,035,921$1,138,568
58$1,165,774$1,051,642$1,019,326$1,163,902
59$1,231,768$1,050,259$1,000,559$1,186,641
60$1,302,828$1,047,140$979,497$1,210,300
61$1,379,416$1,042,150$956,010$1,234,995
62$1,462,043$1,035,142$929,963$1,260,855
63$1,551,268$1,025,961$901,213$1,288,025
64$1,647,707$1,014,443$869,614$1,316,671
65$1,752,037$1,000,414$835,010$1,346,977
66$1,865,001$983,690$797,238$1,379,154
67$1,987,416$964,076$756,131$1,413,434
68$2,120,181$941,365$711,510$1,450,083
69$2,264,285$915,337$663,191$1,489,394
70$2,420,815$885,761$610,981$1,531,698
71$2,590,966$852,391$554,676$1,577,366
72$2,776,054$814,968$494,068$1,626,812
73$2,977,527$773,217$428,934$1,680,498
74$3,196,977$726,846$359,046$1,738,941
75$3,436,156$675,550$284,162$1,802,718
76$3,696,995$619,002$204,032$1,872,472
77$3,981,614$556,860$118,393$1,948,920
78$4,292,353$488,759$26,973$2,032,861
79$4,631,781$414,317$0$2,125,184
80$5,002,732$333,128$0$2,247,213
81$5,408,324$244,764$0$2,389,330
82$5,851,987$148,772$0$2,545,067
83$6,337,503$44,675$0$2,715,878
84$6,869,033$0$0$2,903,372
85$7,451,160$0$0$3,134,780
86$8,088,931$0$0$3,406,752
87$8,787,903$0$0$3,704,961
88$9,554,198$0$0$4,032,034
89$10,394,559$0$0$4,390,868
90$11,316,409$0$0$4,784,651
91$12,327,929$0$0$5,216,896
92$13,438,128$0$0$5,691,473
93$14,656,928$0$0$6,212,644
94$15,995,261$0$0$6,785,105
95$17,465,170$0$0$7,414,028
96$19,079,918$0$0$8,105,112
97$20,854,119$0$0$8,864,634
98$22,803,873$0$0$9,699,510
99$24,946,914$0$0$10,617,361
100$27,302,782$0$0$11,626,580