Can I retire at age 57 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$104,050$103,123$102,219$101,336$100,474$98,325
2 years$51,510$50,550$49,621$48,719$47,845$45,690
3 years$33,999$33,035$32,108$31,215$30,355$28,262
4 years$25,245$24,284$23,366$22,489$21,649$19,634
5 years$19,994$19,039$18,133$17,273$16,457$14,525
6 years$16,495$15,547$14,654$13,814$13,022$11,176
7 years$13,996$13,056$12,178$11,357$10,591$8,830
8 years$12,123$11,192$10,328$9,527$8,786$7,111
9 years$10,667$9,744$8,895$8,115$7,399$5,808
10 years$9,502$8,589$7,755$6,995$6,304$4,796
11 years$8,551$7,646$6,827$6,088$5,422$3,994
12 years$7,758$6,863$6,059$5,340$4,699$3,349
13 years$7,088$6,202$5,414$4,714$4,097$2,823
14 years$6,514$5,638$4,864$4,185$3,592$2,391
15 years$6,017$5,150$4,392$3,732$3,162$2,033
16 years$5,582$4,725$3,982$3,342$2,795$1,734
17 years$5,199$4,352$3,623$3,003$2,478$1,482
18 years$4,859$4,021$3,307$2,706$2,203$1,270
19 years$4,555$3,727$3,028$2,445$1,964$1,090
20 years$4,282$3,463$2,779$2,214$1,754$937
21 years$4,036$3,226$2,556$2,010$1,570$807
22 years$3,811$3,011$2,356$1,827$1,407$696
23 years$3,607$2,816$2,175$1,664$1,263$600
24 years$3,420$2,639$2,012$1,518$1,135$518
25 years$3,248$2,476$1,863$1,386$1,022$448
26 years$3,090$2,327$1,728$1,267$920$387
27 years$2,944$2,190$1,605$1,160$830$335
28 years$2,808$2,064$1,492$1,063$749$290
29 years$2,682$1,947$1,388$975$676$251
30 years$2,565$1,839$1,293$895$611$217
31 years$2,455$1,738$1,205$822$552$188
32 years$2,353$1,645$1,125$755$500$163
33 years$2,256$1,558$1,050$694$452$141
34 years$2,166$1,476$981$639$409$123
35 years$2,081$1,400$917$588$371$106
36 years$2,001$1,329$858$542$336$92
37 years$1,926$1,262$803$499$304$80
38 years$1,854$1,200$752$460$276$69
39 years$1,787$1,141$705$424$250$60
40 years$1,723$1,085$660$391$227$52
41 years$1,662$1,033$619$361$206$45
42 years$1,604$984$581$333$187$39
43 years$1,549$937$545$307$170$34
44 years$1,497$894$512$284$154$30
45 years$1,447$852$480$262$140$26
46 years$1,400$813$451$242$127$22
47 years$1,355$776$424$224$115$19
48 years$1,311$740$398$207$105$17
49 years$1,270$707$374$191$95$15
50 years$1,230$675$352$177$86$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,260,000, adding $4,121 every year, while hoping to spend $34,958 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: 40/36/24 Blend
56$1,260,000$1,260,000$1,260,000$1,260,000
57$1,392,771$1,325,991$1,306,461$1,438,452
58$1,497,638$1,353,769$1,313,032$1,499,554
59$1,612,031$1,381,737$1,318,652$1,562,012
60$1,736,883$1,409,867$1,323,252$1,628,890
61$1,873,223$1,438,129$1,326,759$1,700,615
62$2,022,184$1,466,489$1,329,097$1,777,652
63$2,185,013$1,494,913$1,330,188$1,860,520
64$2,363,081$1,523,362$1,329,947$1,949,787
65$2,557,902$1,551,793$1,328,287$2,046,083
66$2,771,139$1,580,161$1,325,115$2,150,101
67$3,004,624$1,608,418$1,320,335$2,262,606
68$3,260,376$1,636,511$1,313,847$2,384,444
69$3,540,617$1,664,383$1,305,543$2,516,547
70$3,847,794$1,691,972$1,295,314$2,659,941
71$4,184,604$1,719,213$1,283,041$2,815,763
72$4,554,015$1,746,036$1,268,604$2,985,265
73$4,959,297$1,772,364$1,251,875$3,169,826
74$5,404,052$1,798,117$1,232,720$3,370,972
75$5,892,248$1,823,207$1,210,998$3,590,384
76$6,428,254$1,847,541$1,186,564$3,829,917
77$7,016,886$1,871,021$1,159,264$4,091,617
78$7,663,446$1,893,538$1,128,937$4,377,742
79$8,373,777$1,914,981$1,095,415$4,690,784
80$9,154,314$1,935,227$1,058,523$5,033,489
81$10,012,147$1,954,146$1,018,077$5,408,889
82$10,955,089$1,971,602$973,886$5,820,327
83$11,991,745$1,987,447$925,747$6,271,492
84$13,131,595$2,001,524$873,452$6,766,452
85$14,385,086$2,013,667$816,781$7,309,694
86$15,763,726$2,023,698$755,504$7,906,168
87$17,280,195$2,031,429$689,383$8,561,331
88$18,948,464$2,036,658$618,166$9,281,206
89$20,783,925$2,039,172$541,593$10,072,431
90$22,803,540$2,038,746$459,390$10,942,330
91$25,025,994$2,035,137$371,273$11,898,979
92$27,471,878$2,028,091$276,943$12,951,283
93$30,163,879$2,017,337$176,090$14,109,064
94$33,126,994$2,002,587$68,389$15,383,152
95$36,388,770$1,983,536$0$16,785,489
96$39,979,555$1,959,860$0$18,341,164
97$43,932,793$1,931,216$0$20,072,243
98$48,285,334$1,897,242$0$21,977,300
99$53,077,783$1,857,551$0$24,074,088
100$58,354,883$1,811,738$0$26,382,174