Can I retire at age 57 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$119,740$118,673$117,632$116,617$115,625$111,301
2 years$59,277$58,173$57,103$56,066$55,060$50,753
3 years$39,125$38,017$36,950$35,922$34,932$30,778
4 years$29,052$27,946$26,890$25,880$24,914$20,944
5 years$23,009$21,910$20,868$19,878$18,939$15,164
6 years$18,982$17,891$16,864$15,897$14,986$11,408
7 years$16,106$15,025$14,014$13,070$12,188$8,806
8 years$13,951$12,879$11,885$10,964$10,111$6,922
9 years$12,275$11,214$10,237$9,339$8,515$5,515
10 years$10,935$9,884$8,925$8,050$7,255$4,438
11 years$9,840$8,799$7,857$7,006$6,239$3,600
12 years$8,928$7,898$6,973$6,145$5,407$2,938
13 years$8,156$7,137$6,230$5,425$4,715$2,409
14 years$7,496$6,488$5,598$4,816$4,133$1,984
15 years$6,924$5,927$5,054$4,295$3,639$1,638
16 years$6,424$5,438$4,582$3,846$3,216$1,356
17 years$5,983$5,008$4,169$3,455$2,852$1,126
18 years$5,592$4,627$3,806$3,114$2,536$935
19 years$5,242$4,289$3,484$2,814$2,260$779
20 years$4,928$3,985$3,198$2,548$2,019$649
21 years$4,644$3,712$2,941$2,313$1,807$541
22 years$4,386$3,465$2,711$2,103$1,619$452
23 years$4,151$3,241$2,503$1,915$1,454$377
24 years$3,936$3,036$2,315$1,747$1,307$316
25 years$3,738$2,850$2,144$1,595$1,176$264
26 years$3,556$2,678$1,989$1,459$1,059$221
27 years$3,388$2,520$1,846$1,335$955$185
28 years$3,232$2,375$1,717$1,223$862$155
29 years$3,087$2,241$1,597$1,122$778$129
30 years$2,952$2,116$1,488$1,029$703$108
31 years$2,825$2,000$1,387$945$635$91
32 years$2,707$1,893$1,294$869$575$76
33 years$2,597$1,792$1,208$799$520$64
34 years$2,493$1,699$1,129$735$471$53
35 years$2,395$1,611$1,056$677$427$45
36 years$2,303$1,529$988$623$387$37
37 years$2,216$1,453$924$574$350$31
38 years$2,134$1,380$866$529$318$26
39 years$2,056$1,313$811$488$288$22
40 years$1,982$1,249$760$450$261$18
41 years$1,912$1,189$713$415$237$15
42 years$1,846$1,132$669$383$215$13
43 years$1,783$1,079$627$354$195$11
44 years$1,723$1,028$589$327$177$9
45 years$1,666$981$553$302$161$8
46 years$1,611$935$519$279$146$6
47 years$1,559$893$488$257$133$5
48 years$1,509$852$458$238$120$5
49 years$1,461$814$431$220$109$4
50 years$1,416$777$405$203$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,450,000, adding $2,690 every year, while hoping to spend $39,412 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: 61/20/19 Blend
56$1,450,000$1,450,000$1,450,000$1,450,000
57$1,600,675$1,523,825$1,501,350$1,690,299
58$1,722,009$1,556,558$1,509,711$1,783,876
59$1,854,399$1,589,574$1,517,031$1,881,340
60$1,998,931$1,622,846$1,523,234$1,986,802
61$2,156,799$1,656,343$1,528,240$2,101,044
62$2,329,319$1,690,031$1,531,963$2,224,929
63$2,517,942$1,723,874$1,534,316$2,359,404
64$2,724,261$1,757,833$1,535,205$2,505,516
65$2,950,034$1,791,866$1,534,532$2,664,418
66$3,197,195$1,825,924$1,532,196$2,837,380
67$3,467,873$1,859,959$1,528,089$3,025,802
68$3,764,414$1,893,915$1,522,098$3,231,227
69$4,089,401$1,927,733$1,514,105$3,455,356
70$4,445,679$1,961,351$1,503,986$3,700,065
71$4,836,381$1,994,699$1,491,612$3,967,419
72$5,264,957$2,027,705$1,476,847$4,259,697
73$5,735,209$2,060,289$1,459,547$4,579,409
74$6,251,323$2,092,366$1,439,565$4,929,322
75$6,817,911$2,123,845$1,416,744$5,312,487
76$7,440,054$2,154,629$1,390,920$5,732,267
77$8,123,346$2,184,613$1,361,923$6,192,367
78$8,873,953$2,213,684$1,329,573$6,696,873
79$9,698,666$2,241,724$1,293,683$7,250,289
80$10,604,965$2,268,605$1,254,058$7,857,579
81$11,601,095$2,294,189$1,210,491$8,524,215
82$12,696,133$2,318,331$1,162,769$9,256,227
83$13,900,085$2,340,876$1,110,668$10,060,264
84$15,223,972$2,361,657$1,053,954$10,943,655
85$16,679,936$2,380,497$992,381$11,914,478
86$18,281,358$2,397,210$925,693$12,981,636
87$20,042,976$2,411,593$853,624$14,154,943
88$21,981,032$2,423,434$775,893$15,445,219
89$24,113,421$2,432,506$692,209$16,864,386
90$26,459,859$2,438,567$602,267$18,425,590
91$29,042,070$2,441,362$505,748$20,143,316
92$31,883,990$2,440,618$402,320$22,033,535
93$35,011,995$2,436,046$291,636$24,113,845
94$38,455,145$2,427,339$173,332$26,403,649
95$42,245,462$2,414,171$47,031$28,924,328
96$46,418,230$2,396,196$0$31,699,452
97$51,012,328$2,373,048$0$34,772,789
98$56,070,596$2,344,338$0$38,166,512
99$61,640,240$2,309,654$0$41,902,723
100$67,773,277$2,268,559$0$46,016,295