Can I retire at age 57 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$111,482$110,489$109,520$108,574$107,651$105,998
2 years$55,189$54,161$53,165$52,199$51,262$49,602
3 years$36,427$35,395$34,401$33,445$32,523$30,905
4 years$27,048$26,019$25,035$24,095$23,196$21,634
5 years$21,422$20,399$19,428$18,507$17,633$16,131
6 years$17,673$16,657$15,701$14,800$13,952$12,513
7 years$14,996$13,989$13,048$12,168$11,347$9,970
8 years$12,989$11,991$11,065$10,208$9,413$8,099
9 years$11,429$10,440$9,531$8,695$7,927$6,674
10 years$10,181$9,203$8,309$7,495$6,755$5,562
11 years$9,161$8,193$7,315$6,523$5,809$4,676
12 years$8,312$7,353$6,492$5,721$5,034$3,959
13 years$7,594$6,645$5,800$5,051$4,390$3,371
14 years$6,979$6,040$5,211$4,484$3,848$2,884
15 years$6,446$5,518$4,705$3,999$3,388$2,478
16 years$5,981$5,063$4,266$3,580$2,994$2,135
17 years$5,571$4,662$3,882$3,217$2,655$1,845
18 years$5,206$4,308$3,544$2,899$2,361$1,598
19 years$4,881$3,993$3,244$2,620$2,104$1,387
20 years$4,588$3,710$2,977$2,373$1,880$1,206
21 years$4,324$3,456$2,738$2,153$1,682$1,050
22 years$4,084$3,226$2,524$1,958$1,508$916
23 years$3,865$3,017$2,330$1,783$1,353$799
24 years$3,665$2,827$2,155$1,626$1,216$699
25 years$3,481$2,653$1,996$1,485$1,095$611
26 years$3,311$2,493$1,851$1,358$986$534
27 years$3,154$2,347$1,719$1,243$889$468
28 years$3,009$2,211$1,598$1,139$802$410
29 years$2,874$2,086$1,487$1,044$724$359
30 years$2,748$1,970$1,385$958$654$315
31 years$2,631$1,862$1,291$880$592$276
32 years$2,521$1,762$1,205$809$535$243
33 years$2,418$1,669$1,125$744$484$213
34 years$2,321$1,582$1,051$684$439$187
35 years$2,230$1,500$983$630$397$164
36 years$2,144$1,424$919$580$360$144
37 years$2,063$1,352$861$535$326$127
38 years$1,987$1,285$806$493$296$111
39 years$1,914$1,222$755$454$268$98
40 years$1,846$1,163$708$419$243$86
41 years$1,781$1,107$664$387$221$76
42 years$1,719$1,054$622$357$200$66
43 years$1,660$1,004$584$329$182$58
44 years$1,604$957$548$304$165$51
45 years$1,551$913$515$281$150$45
46 years$1,500$871$484$259$136$40
47 years$1,451$831$454$240$123$35
48 years$1,405$793$427$222$112$31
49 years$1,361$758$401$205$102$27
50 years$1,318$724$377$189$92$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,350,000, adding $4,255 every year, while hoping to spend $25,185 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: 43/31/26 Blend
56$1,350,000$1,350,000$1,350,000$1,350,000
57$1,492,089$1,420,539$1,399,614$1,544,779
58$1,617,485$1,463,349$1,419,704$1,625,633
59$1,754,828$1,507,412$1,439,624$1,710,453
60$1,905,309$1,552,764$1,459,340$1,801,864
61$2,070,241$1,599,440$1,478,818$1,900,492
62$2,251,070$1,647,476$1,498,023$2,007,024
63$2,449,388$1,696,911$1,516,915$2,122,216
64$2,666,948$1,747,783$1,535,454$2,246,900
65$2,905,683$1,800,130$1,553,598$2,381,994
66$3,167,720$1,853,994$1,571,301$2,528,507
67$3,455,403$1,909,415$1,588,515$2,687,550
68$3,771,313$1,966,436$1,605,190$2,860,346
69$4,118,296$2,025,100$1,621,272$3,048,244
70$4,499,483$2,085,451$1,636,706$3,252,727
71$4,918,327$2,147,535$1,651,433$3,475,429
72$5,378,630$2,211,398$1,665,389$3,718,152
73$5,884,581$2,277,087$1,678,510$3,982,877
74$6,440,794$2,344,650$1,690,726$4,271,789
75$7,052,355$2,414,138$1,701,966$4,587,294
76$7,724,865$2,485,600$1,712,151$4,932,042
77$8,464,496$2,559,089$1,721,203$5,308,954
78$9,278,048$2,634,658$1,729,036$5,721,246
79$10,173,012$2,712,359$1,735,562$6,172,461
80$11,157,644$2,792,249$1,740,688$6,666,505
81$12,241,038$2,874,384$1,744,315$7,207,679
82$13,433,215$2,958,821$1,746,342$7,800,724
83$14,745,218$3,045,618$1,746,659$8,450,861
84$16,189,213$3,134,835$1,745,155$9,163,845
85$17,778,604$3,226,534$1,741,709$9,946,015
86$19,528,163$3,320,775$1,736,197$10,804,359
87$21,454,166$3,417,623$1,728,490$11,746,574
88$23,574,545$3,517,142$1,718,449$12,781,142
89$25,909,064$3,619,396$1,705,932$13,917,411
90$28,479,495$3,724,454$1,690,788$15,165,679
91$31,309,834$3,832,382$1,672,859$16,537,297
92$34,426,518$3,943,250$1,651,981$18,044,771
93$37,858,680$4,057,127$1,627,980$19,701,882
94$41,638,425$4,174,085$1,600,676$21,523,818
95$45,801,124$4,294,195$1,569,880$23,527,313
96$50,385,761$4,417,532$1,535,392$25,730,809
97$55,435,287$4,544,170$1,497,006$28,154,630
98$60,997,035$4,674,183$1,454,505$30,821,171
99$67,123,163$4,807,649$1,407,661$33,755,110
100$73,871,146$4,944,644$1,356,238$36,983,644