Can I retire at age 57 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$91,663$90,846$90,050$89,272$88,513$85,680
2 years$45,378$44,532$43,713$42,919$42,149$39,321
3 years$29,951$29,102$28,285$27,499$26,741$24,006
4 years$22,240$21,393$20,585$19,811$19,072$16,452
5 years$17,614$16,773$15,974$15,217$14,498$12,000
6 years$14,531$13,696$12,910$12,169$11,472$9,097
7 years$12,330$11,502$10,728$10,005$9,330$7,079
8 years$10,680$9,859$9,098$8,393$7,740$5,611
9 years$9,397$8,584$7,836$7,149$6,518$4,508
10 years$8,371$7,567$6,832$6,162$5,554$3,661
11 years$7,533$6,736$6,015$5,363$4,776$2,996
12 years$6,834$6,046$5,338$4,704$4,139$2,468
13 years$6,244$5,464$4,769$4,153$3,609$2,043
14 years$5,738$4,966$4,285$3,687$3,164$1,699
15 years$5,300$4,537$3,869$3,288$2,786$1,417
16 years$4,918$4,163$3,508$2,944$2,462$1,185
17 years$4,580$3,834$3,192$2,645$2,183$994
18 years$4,281$3,542$2,914$2,384$1,941$835
19 years$4,013$3,283$2,667$2,154$1,730$702
20 years$3,773$3,051$2,448$1,951$1,545$591
21 years$3,555$2,842$2,252$1,770$1,383$499
22 years$3,358$2,653$2,075$1,610$1,240$421
23 years$3,178$2,481$1,916$1,466$1,113$356
24 years$3,013$2,324$1,772$1,337$1,000$300
25 years$2,862$2,181$1,641$1,221$900$254
26 years$2,722$2,050$1,522$1,117$811$215
27 years$2,593$1,929$1,414$1,022$731$182
28 years$2,474$1,818$1,314$936$660$154
29 years$2,363$1,715$1,223$859$596$130
30 years$2,259$1,620$1,139$788$538$111
31 years$2,163$1,531$1,062$724$486$94
32 years$2,073$1,449$991$665$440$79
33 years$1,988$1,372$925$612$398$67
34 years$1,908$1,300$864$563$361$57
35 years$1,833$1,233$808$518$327$48
36 years$1,763$1,171$756$477$296$41
37 years$1,696$1,112$708$440$268$35
38 years$1,633$1,057$663$405$243$29
39 years$1,574$1,005$621$374$220$25
40 years$1,518$956$582$345$200$21
41 years$1,464$910$546$318$181$18
42 years$1,413$867$512$293$165$15
43 years$1,365$826$480$271$149$13
44 years$1,319$787$451$250$136$11
45 years$1,275$751$423$231$123$9
46 years$1,233$716$398$213$112$8
47 years$1,193$683$373$197$102$7
48 years$1,155$652$351$182$92$6
49 years$1,119$623$330$168$84$5
50 years$1,084$595$310$156$76$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,110,000, adding $5,231 every year, while hoping to spend $23,173 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: 50/28/22 Blend
56$1,110,000$1,110,000$1,110,000$1,110,000
57$1,228,616$1,169,786$1,152,581$1,282,230
58$1,329,279$1,202,449$1,166,536$1,352,629
59$1,439,433$1,235,937$1,180,183$1,426,318
60$1,560,021$1,270,264$1,193,485$1,505,927
61$1,692,083$1,305,447$1,206,407$1,592,025
62$1,836,763$1,341,501$1,218,909$1,685,238
63$1,995,321$1,378,443$1,230,951$1,786,255
64$2,169,145$1,416,288$1,242,489$1,895,837
65$2,359,764$1,455,052$1,253,478$2,014,820
66$2,568,861$1,494,751$1,263,871$2,144,125
67$2,798,290$1,535,399$1,273,616$2,284,767
68$3,050,095$1,577,013$1,282,661$2,437,865
69$3,326,524$1,619,606$1,290,950$2,604,649
70$3,630,057$1,663,194$1,298,424$2,786,476
71$3,963,423$1,707,791$1,305,022$2,984,842
72$4,329,631$1,753,411$1,310,678$3,201,391
73$4,731,992$1,800,067$1,315,325$3,437,939
74$5,174,158$1,847,773$1,318,891$3,696,485
75$5,660,149$1,896,541$1,321,301$3,979,230
76$6,194,395$1,946,382$1,322,475$4,288,600
77$6,781,777$1,997,309$1,322,332$4,627,271
78$7,427,672$2,049,330$1,320,783$4,998,188
79$8,138,004$2,102,457$1,317,739$5,404,597
80$8,919,300$2,156,697$1,313,103$5,850,076
81$9,778,752$2,212,058$1,306,775$6,338,567
82$10,724,283$2,268,547$1,298,650$6,874,413
83$11,764,623$2,326,170$1,288,618$7,462,402
84$12,909,391$2,384,929$1,276,564$8,107,809
85$14,169,186$2,444,828$1,262,366$8,816,447
86$15,555,686$2,505,867$1,245,899$9,594,722
87$17,081,759$2,568,047$1,227,028$10,449,694
88$18,761,581$2,631,364$1,205,617$11,389,143
89$20,610,776$2,695,815$1,181,519$12,421,643
90$22,646,558$2,761,392$1,154,582$13,556,642
91$24,887,894$2,828,088$1,124,648$14,804,553
92$27,355,685$2,895,890$1,091,549$16,176,851
93$30,072,961$2,964,785$1,055,113$17,686,182
94$33,065,100$3,034,756$1,015,156$19,346,483
95$36,360,065$3,105,784$971,489$21,173,114
96$39,988,670$3,177,846$923,911$23,183,000
97$43,984,868$3,250,914$872,217$25,394,795
98$48,386,076$3,324,960$816,187$27,829,057
99$53,233,521$3,399,949$755,595$30,508,442
100$58,572,636$3,475,842$690,203$33,457,917