Can I retire at age 57 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$96,618$95,757$94,917$94,098$93,297$91,941
2 years$47,830$46,940$46,076$45,239$44,427$43,064
3 years$31,570$30,676$29,814$28,985$28,187$26,858
4 years$23,442$22,550$21,697$20,882$20,103$18,820
5 years$18,566$17,679$16,838$16,040$15,282$14,048
6 years$15,316$14,436$13,608$12,827$12,092$10,908
7 years$12,996$12,124$11,308$10,546$9,834$8,701
8 years$11,257$10,392$9,590$8,847$8,158$7,076
9 years$9,905$9,048$8,260$7,535$6,870$5,839
10 years$8,824$7,976$7,201$6,496$5,854$4,872
11 years$7,940$7,100$6,340$5,653$5,035$4,101
12 years$7,204$6,373$5,626$4,958$4,363$3,476
13 years$6,581$5,759$5,027$4,378$3,805$2,964
14 years$6,048$5,235$4,517$3,886$3,335$2,539
15 years$5,587$4,782$4,078$3,466$2,936$2,184
16 years$5,184$4,388$3,697$3,103$2,595$1,885
17 years$4,828$4,041$3,364$2,788$2,301$1,631
18 years$4,512$3,734$3,071$2,513$2,046$1,415
19 years$4,230$3,461$2,812$2,270$1,824$1,230
20 years$3,976$3,216$2,580$2,056$1,629$1,071
21 years$3,747$2,995$2,373$1,866$1,458$934
22 years$3,539$2,796$2,187$1,697$1,307$816
23 years$3,350$2,615$2,020$1,545$1,173$713
24 years$3,176$2,450$1,868$1,409$1,054$624
25 years$3,016$2,299$1,730$1,287$949$547
26 years$2,869$2,161$1,605$1,177$855$479
27 years$2,734$2,034$1,490$1,077$770$420
28 years$2,608$1,916$1,385$987$695$369
29 years$2,491$1,808$1,289$905$628$324
30 years$2,382$1,707$1,201$831$567$284
31 years$2,280$1,614$1,119$763$513$250
32 years$2,185$1,527$1,044$701$464$220
33 years$2,095$1,446$975$645$420$193
34 years$2,011$1,371$911$593$380$170
35 years$1,933$1,300$852$546$344$149
36 years$1,858$1,234$797$503$312$131
37 years$1,788$1,172$746$463$283$116
38 years$1,722$1,114$698$427$256$102
39 years$1,659$1,059$654$394$232$90
40 years$1,600$1,008$613$363$211$79
41 years$1,543$959$575$335$191$69
42 years$1,490$914$539$309$174$61
43 years$1,439$870$506$286$157$54
44 years$1,390$830$475$264$143$47
45 years$1,344$791$446$243$130$42
46 years$1,300$755$419$225$118$37
47 years$1,258$720$394$208$107$32
48 years$1,218$688$370$192$97$29
49 years$1,179$657$348$177$88$25
50 years$1,142$627$327$164$80$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,170,000, adding $3,657 every year, while hoping to spend $30,016 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: 50/24/26 Blend
56$1,170,000$1,170,000$1,170,000$1,170,000
57$1,293,112$1,231,102$1,212,967$1,348,114
58$1,393,073$1,259,489$1,221,665$1,415,228
59$1,502,223$1,288,262$1,229,648$1,484,831
60$1,621,470$1,317,406$1,236,860$1,559,885
61$1,751,809$1,346,908$1,243,244$1,640,921
62$1,894,338$1,376,751$1,248,738$1,728,524
63$2,050,267$1,406,918$1,253,277$1,823,336
64$2,220,926$1,437,389$1,256,793$1,926,069
65$2,407,780$1,468,140$1,259,215$2,037,505
66$2,612,443$1,499,149$1,260,469$2,158,508
67$2,836,692$1,530,388$1,260,475$2,290,027
68$3,082,485$1,561,827$1,259,151$2,433,114
69$3,351,978$1,593,435$1,256,411$2,588,924
70$3,647,543$1,625,177$1,252,165$2,758,732
71$3,971,796$1,657,015$1,246,316$2,943,943
72$4,327,618$1,688,907$1,238,766$3,146,109
73$4,718,180$1,720,809$1,229,410$3,366,938
74$5,146,978$1,752,672$1,218,139$3,608,313
75$5,617,861$1,784,444$1,204,838$3,872,312
76$6,135,070$1,816,069$1,189,387$4,161,226
77$6,703,276$1,847,485$1,171,660$4,477,579
78$7,327,625$1,878,627$1,151,526$4,824,155
79$8,013,787$1,909,424$1,128,846$5,204,023
80$8,768,008$1,939,801$1,103,478$5,620,568
81$9,597,170$1,969,675$1,075,269$6,077,520
82$10,508,853$1,998,961$1,044,062$6,578,991
83$11,511,410$2,027,564$1,009,692$7,129,517
84$12,614,043$2,055,384$971,986$7,734,096
85$13,826,892$2,082,314$930,764$8,398,240
86$15,161,127$2,108,240$885,836$9,128,024
87$16,629,056$2,133,038$837,007$9,930,146
88$18,244,242$2,156,579$784,068$10,811,992
89$20,021,625$2,178,722$726,805$11,781,700
90$21,977,671$2,199,319$664,993$12,848,245
91$24,130,519$2,218,212$598,396$14,021,520
92$26,500,158$2,235,230$526,769$15,312,429
93$29,108,613$2,250,195$449,854$16,732,993
94$31,980,151$2,262,915$367,384$18,296,466
95$35,141,514$2,273,185$279,078$20,017,453
96$38,622,166$2,280,789$184,646$21,912,058
97$42,454,576$2,285,496$83,780$23,998,031
98$46,674,519$2,287,062$0$26,294,938
99$51,321,419$2,285,227$0$28,830,965
100$56,438,714$2,279,713$0$31,648,498