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%17.1%
1 years$119,740$118,673$117,632$116,617$115,625$112,284
2 years$59,277$58,173$57,103$56,066$55,060$51,720
3 years$39,125$38,017$36,950$35,922$34,932$31,699
4 years$29,052$27,946$26,890$25,880$24,914$21,811
5 years$23,009$21,910$20,868$19,878$18,939$15,976
6 years$18,982$17,891$16,864$15,897$14,986$12,165
7 years$16,106$15,025$14,014$13,070$12,188$9,509
8 years$13,951$12,879$11,885$10,964$10,111$7,573
9 years$12,275$11,214$10,237$9,339$8,515$6,115
10 years$10,935$9,884$8,925$8,050$7,255$4,990
11 years$9,840$8,799$7,857$7,006$6,239$4,105
12 years$8,928$7,898$6,973$6,145$5,407$3,400
13 years$8,156$7,137$6,230$5,425$4,715$2,830
14 years$7,496$6,488$5,598$4,816$4,133$2,366
15 years$6,924$5,927$5,054$4,295$3,639$1,985
16 years$6,424$5,438$4,582$3,846$3,216$1,670
17 years$5,983$5,008$4,169$3,455$2,852$1,408
18 years$5,592$4,627$3,806$3,114$2,536$1,190
19 years$5,242$4,289$3,484$2,814$2,260$1,007
20 years$4,928$3,985$3,198$2,548$2,019$853
21 years$4,644$3,712$2,941$2,313$1,807$724
22 years$4,386$3,465$2,711$2,103$1,619$615
23 years$4,151$3,241$2,503$1,915$1,454$523
24 years$3,936$3,036$2,315$1,747$1,307$445
25 years$3,738$2,850$2,144$1,595$1,176$378
26 years$3,556$2,678$1,989$1,459$1,059$322
27 years$3,388$2,520$1,846$1,335$955$274
28 years$3,232$2,375$1,717$1,223$862$234
29 years$3,087$2,241$1,597$1,122$778$199
30 years$2,952$2,116$1,488$1,029$703$170
31 years$2,825$2,000$1,387$945$635$145
32 years$2,707$1,893$1,294$869$575$124
33 years$2,597$1,792$1,208$799$520$106
34 years$2,493$1,699$1,129$735$471$90
35 years$2,395$1,611$1,056$677$427$77
36 years$2,303$1,529$988$623$387$66
37 years$2,216$1,453$924$574$350$56
38 years$2,134$1,380$866$529$318$48
39 years$2,056$1,313$811$488$288$41
40 years$1,982$1,249$760$450$261$35
41 years$1,912$1,189$713$415$237$30
42 years$1,846$1,132$669$383$215$25
43 years$1,783$1,079$627$354$195$22
44 years$1,723$1,028$589$327$177$19
45 years$1,666$981$553$302$161$16
46 years$1,611$935$519$279$146$13
47 years$1,559$893$488$257$133$12
48 years$1,509$852$458$238$120$10
49 years$1,461$814$431$220$109$8
50 years$1,416$777$405$203$99$7

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 $5,369 every year, while hoping to spend $57,546 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: 81/12/7 Blend
56$1,450,000$1,450,000$1,450,000$1,450,000
57$1,603,438$1,526,588$1,504,113$1,731,740
58$1,705,760$1,540,162$1,493,272$1,830,065
59$1,816,591$1,552,473$1,480,140$1,929,769
60$1,936,736$1,563,398$1,464,578$2,037,443
61$2,067,085$1,572,805$1,446,442$2,153,853
62$2,208,612$1,580,557$1,425,583$2,279,842
63$2,362,391$1,586,506$1,401,841$2,416,338
64$2,529,604$1,590,493$1,375,051$2,564,364
65$2,711,549$1,592,353$1,345,041$2,725,046
66$2,909,656$1,591,908$1,311,629$2,899,625
67$3,125,499$1,588,969$1,274,626$3,089,468
68$3,360,808$1,583,336$1,233,834$3,296,081
69$3,617,488$1,574,797$1,189,045$3,521,123
70$3,897,636$1,563,127$1,140,043$3,766,421
71$4,203,562$1,548,087$1,086,602$4,033,991
72$4,537,805$1,529,424$1,028,483$4,326,052
73$4,903,164$1,506,868$965,440$4,645,049
74$5,302,719$1,480,136$897,214$4,993,677
75$5,739,860$1,448,927$823,534$5,374,907
76$6,218,322$1,412,920$744,119$5,792,011
77$6,742,216$1,371,779$658,672$6,248,595
78$7,316,071$1,325,145$566,886$6,748,634
79$7,944,872$1,272,639$468,439$7,296,509
80$8,634,112$1,213,861$362,995$7,897,047
81$9,389,839$1,148,388$250,202$8,555,569
82$10,218,713$1,075,770$129,695$9,277,938
83$11,128,073$995,534$1,091$10,070,615
84$12,126,000$907,178$0$10,940,724
85$13,221,396$810,174$0$11,906,284
86$14,424,066$703,960$0$12,966,523
87$15,744,812$587,945$0$14,130,929
88$17,195,533$461,505$0$15,410,043
89$18,789,337$323,979$0$16,815,483
90$20,540,665$174,669$0$18,360,052
91$22,465,425$12,840$0$20,057,856
92$24,581,144$0$0$21,924,444
93$26,907,129$0$0$23,998,375
94$29,464,655$0$0$26,280,660
95$32,277,157$0$0$28,790,523
96$35,370,458$0$0$31,551,013
97$38,773,009$0$0$34,587,525
98$42,516,155$0$0$37,928,038
99$46,634,433$0$0$41,603,379
100$51,165,897$0$0$45,647,516