Can I retire at age 57 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$112,308$111,307$110,331$109,379$108,448$105,870
2 years$55,598$54,562$53,559$52,586$51,642$49,059
3 years$36,697$35,657$34,656$33,692$32,764$30,257
4 years$27,248$26,212$25,221$24,273$23,367$20,957
5 years$21,581$20,550$19,572$18,644$17,764$15,455
6 years$17,804$16,781$15,817$14,910$14,056$11,852
7 years$15,107$14,093$13,144$12,258$11,431$9,333
8 years$13,085$12,080$11,147$10,283$9,483$7,489
9 years$11,513$10,518$9,601$8,759$7,986$6,095
10 years$10,257$9,271$8,371$7,550$6,805$5,014
11 years$9,229$8,253$7,369$6,571$5,852$4,160
12 years$8,374$7,408$6,540$5,764$5,071$3,474
13 years$7,650$6,694$5,843$5,088$4,422$2,918
14 years$7,031$6,085$5,250$4,517$3,877$2,461
15 years$6,494$5,559$4,740$4,028$3,413$2,083
16 years$6,025$5,100$4,298$3,607$3,017$1,769
17 years$5,612$4,697$3,911$3,241$2,675$1,506
18 years$5,245$4,340$3,570$2,921$2,378$1,285
19 years$4,917$4,022$3,268$2,639$2,120$1,098
20 years$4,622$3,738$2,999$2,390$1,893$940
21 years$4,356$3,482$2,759$2,169$1,694$805
22 years$4,114$3,250$2,543$1,972$1,519$691
23 years$3,893$3,040$2,348$1,796$1,363$593
24 years$3,692$2,848$2,171$1,638$1,225$510
25 years$3,506$2,673$2,011$1,496$1,103$438
26 years$3,335$2,512$1,865$1,368$993$377
27 years$3,178$2,364$1,732$1,252$896$325
28 years$3,031$2,228$1,610$1,147$808$280
29 years$2,895$2,101$1,498$1,052$730$241
30 years$2,768$1,985$1,396$966$659$208
31 years$2,650$1,876$1,301$887$596$179
32 years$2,539$1,775$1,214$815$539$154
33 years$2,436$1,681$1,133$749$488$133
34 years$2,338$1,593$1,059$690$442$115
35 years$2,246$1,511$990$635$400$99
36 years$2,160$1,434$926$585$363$86
37 years$2,078$1,362$867$539$329$74
38 years$2,001$1,295$812$496$298$64
39 years$1,928$1,231$761$458$270$55
40 years$1,859$1,171$713$422$245$47
41 years$1,794$1,115$668$390$222$41
42 years$1,731$1,062$627$360$202$35
43 years$1,672$1,012$588$332$183$31
44 years$1,616$964$552$306$166$26
45 years$1,562$920$519$283$151$23
46 years$1,511$877$487$261$137$20
47 years$1,462$837$458$242$124$17
48 years$1,415$799$430$223$113$15
49 years$1,371$763$404$206$103$13
50 years$1,328$729$380$191$93$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,360,000, adding $6,590 every year, while hoping to spend $45,906 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: 65/27/8 Blend
56$1,360,000$1,360,000$1,360,000$1,360,000
57$1,505,518$1,433,438$1,412,358$1,600,610
58$1,610,237$1,454,832$1,410,828$1,686,127
59$1,724,099$1,475,737$1,407,708$1,773,476
60$1,847,988$1,496,079$1,402,897$1,867,712
61$1,982,876$1,515,780$1,396,288$1,969,501
62$2,129,834$1,534,759$1,387,769$2,079,577
63$2,290,041$1,552,925$1,377,223$2,198,749
64$2,464,792$1,570,185$1,364,526$2,327,910
65$2,655,514$1,586,438$1,349,551$2,468,041
66$2,863,778$1,601,575$1,332,163$2,620,228
67$3,091,314$1,615,482$1,312,221$2,785,664
68$3,340,024$1,628,037$1,289,576$2,965,665
69$3,612,004$1,639,109$1,264,075$3,161,685
70$3,909,562$1,648,559$1,235,555$3,375,322
71$4,235,239$1,656,240$1,203,848$3,608,342
72$4,591,833$1,661,995$1,168,776$3,862,689
73$4,982,423$1,665,656$1,130,154$4,140,509
74$5,410,404$1,667,047$1,087,788$4,444,164
75$5,879,512$1,665,979$1,041,475$4,776,262
76$6,393,863$1,662,252$991,005$5,139,677
77$6,957,988$1,655,654$936,155$5,537,577
78$7,576,880$1,645,959$876,693$5,973,456
79$8,256,039$1,632,928$812,380$6,451,164
80$9,001,521$1,616,307$742,960$6,974,948
81$9,819,998$1,595,828$668,171$7,549,489
82$10,718,819$1,571,205$587,737$8,179,949
83$11,706,082$1,542,137$501,369$8,872,018
84$12,790,705$1,508,304$408,767$9,631,969
85$13,982,513$1,469,368$309,617$10,466,719
86$15,292,331$1,424,968$203,591$11,383,893
87$16,732,084$1,374,727$90,347$12,391,896
88$18,314,910$1,318,242$0$13,499,997
89$20,055,283$1,255,088$0$14,721,017
90$21,969,149$1,184,815$0$16,072,015
91$24,074,080$1,106,948$0$17,557,720
92$26,389,431$1,020,984$0$19,191,857
93$28,936,532$926,391$0$20,989,552
94$31,738,882$822,608$0$22,967,479
95$34,822,373$709,040$0$25,144,015
96$38,215,532$585,061$0$27,539,418
97$41,949,794$450,006$0$30,176,016
98$46,059,793$303,177$0$33,078,420
99$50,583,693$143,833$0$36,273,755
100$55,563,543$0$0$39,791,923