Can I retire at age 57 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$88,360$87,573$86,805$86,055$85,323$82,362
2 years$43,742$42,928$42,138$41,373$40,630$37,677
3 years$28,872$28,054$27,266$26,508$25,777$22,925
4 years$21,438$20,622$19,843$19,097$18,385$15,656
5 years$16,979$16,168$15,399$14,669$13,976$11,377
6 years$14,007$13,203$12,445$11,731$11,059$8,592
7 years$11,885$11,088$10,341$9,644$8,994$6,659
8 years$10,295$9,504$8,770$8,090$7,461$5,256
9 years$9,058$8,275$7,554$6,891$6,283$4,206
10 years$8,070$7,294$6,586$5,940$5,354$3,400
11 years$7,261$6,493$5,798$5,170$4,604$2,770
12 years$6,588$5,828$5,146$4,535$3,990$2,271
13 years$6,019$5,267$4,597$4,003$3,479$1,872
14 years$5,531$4,788$4,131$3,554$3,050$1,548
15 years$5,109$4,373$3,729$3,169$2,685$1,285
16 years$4,741$4,013$3,381$2,838$2,373$1,070
17 years$4,415$3,695$3,077$2,550$2,104$892
18 years$4,127$3,415$2,809$2,298$1,871$745
19 years$3,869$3,165$2,571$2,076$1,668$624
20 years$3,637$2,941$2,360$1,880$1,490$523
21 years$3,427$2,739$2,171$1,707$1,333$438
22 years$3,237$2,557$2,000$1,552$1,195$368
23 years$3,063$2,392$1,847$1,413$1,073$309
24 years$2,904$2,241$1,708$1,289$964$260
25 years$2,759$2,103$1,582$1,177$868$218
26 years$2,624$1,976$1,467$1,076$781$184
27 years$2,500$1,860$1,363$985$705$155
28 years$2,385$1,753$1,267$903$636$130
29 years$2,278$1,653$1,179$828$574$110
30 years$2,178$1,561$1,098$760$519$92
31 years$2,085$1,476$1,024$698$469$78
32 years$1,998$1,397$955$641$424$66
33 years$1,916$1,323$892$590$384$55
34 years$1,840$1,254$833$543$348$47
35 years$1,767$1,189$779$499$315$39
36 years$1,699$1,129$729$460$285$33
37 years$1,635$1,072$682$424$259$28
38 years$1,575$1,019$639$391$234$23
39 years$1,517$969$598$360$213$20
40 years$1,463$922$561$332$193$17
41 years$1,411$877$526$306$175$14
42 years$1,362$835$493$283$159$12
43 years$1,316$796$463$261$144$10
44 years$1,271$759$435$241$131$8
45 years$1,229$724$408$223$119$7
46 years$1,189$690$383$206$108$6
47 years$1,150$659$360$190$98$5
48 years$1,113$629$338$176$89$4
49 years$1,078$600$318$162$81$4
50 years$1,045$574$299$150$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,070,000, adding $5,773 every year, while hoping to spend $25,142 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: 79/9/12 Blend
56$1,070,000$1,070,000$1,070,000$1,070,000
57$1,185,095$1,128,385$1,111,800$1,275,606
58$1,279,224$1,156,925$1,122,294$1,364,460
59$1,382,111$1,186,021$1,132,298$1,458,094
60$1,494,623$1,215,673$1,141,767$1,560,096
61$1,617,716$1,245,881$1,150,657$1,671,292
62$1,752,439$1,276,646$1,158,920$1,792,591
63$1,899,949$1,307,963$1,166,505$1,924,993
64$2,061,522$1,339,831$1,173,361$2,069,602
65$2,238,560$1,372,246$1,179,432$2,227,631
66$2,432,609$1,405,202$1,184,658$2,400,419
67$2,645,371$1,438,693$1,188,981$2,589,440
68$2,878,721$1,472,711$1,192,333$2,796,316
69$3,134,724$1,507,247$1,194,650$3,022,837
70$3,415,653$1,542,289$1,195,858$3,270,972
71$3,724,015$1,577,827$1,195,884$3,542,893
72$4,062,569$1,613,844$1,194,651$3,840,990
73$4,434,354$1,650,326$1,192,075$4,167,900
74$4,842,720$1,687,253$1,188,071$4,526,524
75$5,291,354$1,724,606$1,182,548$4,920,061
76$5,784,322$1,762,361$1,175,413$5,352,036
77$6,326,100$1,800,494$1,166,567$5,826,331
78$6,921,620$1,838,976$1,155,905$6,347,225
79$7,576,317$1,877,777$1,143,319$6,919,432
80$8,296,176$1,916,863$1,128,695$7,548,148
81$9,087,794$1,956,197$1,111,914$8,239,095
82$9,958,437$1,995,739$1,092,851$8,998,581
83$10,916,112$2,035,445$1,071,376$9,833,557
84$11,969,640$2,075,266$1,047,352$10,751,680
85$13,128,740$2,115,152$1,020,635$11,761,390
86$14,404,122$2,155,044$991,077$12,871,986
87$15,807,585$2,194,884$958,521$14,093,715
88$17,352,130$2,234,604$922,802$15,437,869
89$19,052,081$2,274,134$883,750$16,916,892
90$20,923,224$2,313,397$841,186$18,544,496
91$22,982,950$2,352,311$794,923$20,335,791
92$25,250,423$2,390,787$744,765$22,307,428
93$27,746,760$2,428,728$690,509$24,477,758
94$30,495,228$2,466,035$631,939$26,866,999
95$33,521,466$2,502,595$568,834$29,497,436
96$36,853,725$2,538,292$500,960$32,393,623
97$40,523,137$2,573,000$428,074$35,582,621
98$44,564,005$2,606,585$349,921$39,094,249
99$49,014,127$2,638,901$266,238$42,961,368
100$53,915,156$2,669,796$176,745$47,220,192