Can I retire at age 57 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$120,565$119,492$118,444$117,421$116,422$115,063
2 years$59,686$58,574$57,497$56,452$55,439$54,071
3 years$39,395$38,279$37,204$36,170$35,173$33,838
4 years$29,252$28,139$27,075$26,058$25,086$23,795
5 years$23,168$22,061$21,011$20,015$19,070$17,827
6 years$19,113$18,015$16,980$16,006$15,089$13,895
7 years$16,217$15,129$14,111$13,160$12,272$11,127
8 years$14,047$12,968$11,967$11,039$10,180$9,086
9 years$12,360$11,291$10,307$9,403$8,573$7,528
10 years$11,011$9,953$8,986$8,106$7,305$6,308
11 years$9,908$8,860$7,911$7,054$6,283$5,333
12 years$8,989$7,952$7,021$6,188$5,444$4,541
13 years$8,213$7,187$6,273$5,463$4,748$3,890
14 years$7,548$6,532$5,636$4,849$4,162$3,348
15 years$6,972$5,968$5,089$4,325$3,664$2,893
16 years$6,468$5,475$4,614$3,872$3,238$2,509
17 years$6,025$5,042$4,198$3,479$2,871$2,182
18 years$5,631$4,659$3,832$3,135$2,553$1,903
19 years$5,279$4,318$3,508$2,833$2,276$1,662
20 years$4,962$4,013$3,220$2,566$2,033$1,455
21 years$4,676$3,738$2,962$2,329$1,819$1,276
22 years$4,416$3,489$2,730$2,117$1,631$1,120
23 years$4,180$3,263$2,520$1,928$1,464$984
24 years$3,963$3,057$2,331$1,759$1,316$866
25 years$3,764$2,869$2,159$1,606$1,184$763
26 years$3,581$2,697$2,002$1,469$1,066$672
27 years$3,411$2,538$1,859$1,344$961$593
28 years$3,254$2,391$1,728$1,232$867$523
29 years$3,108$2,256$1,608$1,129$783$462
30 years$2,972$2,131$1,498$1,037$708$408
31 years$2,845$2,014$1,397$952$640$361
32 years$2,726$1,906$1,303$875$579$319
33 years$2,615$1,805$1,217$805$524$282
34 years$2,510$1,710$1,137$740$474$249
35 years$2,412$1,622$1,063$681$430$221
36 years$2,319$1,540$994$628$389$195
37 years$2,231$1,463$931$578$353$173
38 years$2,149$1,390$872$533$320$153
39 years$2,070$1,322$817$491$290$136
40 years$1,996$1,257$765$453$263$120
41 years$1,926$1,197$718$418$239$106
42 years$1,859$1,140$673$386$217$94
43 years$1,795$1,086$632$356$197$83
44 years$1,735$1,035$593$329$178$74
45 years$1,677$987$557$304$162$65
46 years$1,622$942$523$281$147$58
47 years$1,570$899$491$259$134$51
48 years$1,519$858$462$240$121$46
49 years$1,471$819$434$221$110$40
50 years$1,425$783$408$205$100$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,460,000, adding $6,590 every year, while hoping to spend $51,050 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: 63/28/9 Blend
56$1,460,000$1,460,000$1,460,000$1,460,000
57$1,615,718$1,538,338$1,515,708$1,714,002
58$1,726,204$1,559,399$1,512,167$1,801,515
59$1,846,249$1,579,782$1,506,797$1,890,483
60$1,976,774$1,599,399$1,499,482$1,986,326
61$2,118,792$1,618,156$1,490,101$2,089,707
62$2,273,417$1,635,955$1,478,529$2,201,361
63$2,441,878$1,652,689$1,464,632$2,322,096
64$2,625,524$1,668,245$1,448,271$2,452,803
65$2,825,840$1,682,502$1,429,301$2,594,465
66$3,044,463$1,695,332$1,407,570$2,748,165
67$3,283,193$1,706,598$1,382,918$2,915,100
68$3,544,012$1,716,154$1,355,179$3,096,585
69$3,829,100$1,723,845$1,324,177$3,294,075
70$4,140,862$1,729,506$1,289,730$3,509,172
71$4,481,940$1,732,962$1,251,646$3,743,643
72$4,855,248$1,734,027$1,209,726$3,999,437
73$5,263,992$1,732,503$1,163,761$4,278,702
74$5,711,703$1,728,180$1,113,531$4,583,809
75$6,202,271$1,720,835$1,058,808$4,917,371
76$6,739,977$1,710,231$999,353$5,282,269
77$7,329,540$1,696,117$934,916$5,681,682
78$7,976,153$1,678,228$865,237$6,119,114
79$8,685,540$1,656,280$790,041$6,598,429
80$9,464,003$1,629,975$709,045$7,123,890
81$10,318,483$1,598,996$621,950$7,700,196
82$11,256,629$1,563,007$528,446$8,332,528
83$12,286,864$1,521,654$428,208$9,026,601
84$13,418,468$1,474,559$320,897$9,788,715
85$14,661,664$1,421,324$206,159$10,625,818
86$16,027,712$1,361,527$83,624$11,545,569
87$17,529,020$1,294,723$0$12,556,418
88$19,179,256$1,220,440$0$13,672,202
89$20,993,477$1,138,179$0$14,907,530
90$22,988,274$1,047,412$0$16,265,723
91$25,181,924$947,581$0$17,759,309
92$27,594,565$838,098$0$19,402,095
93$30,248,384$718,338$0$21,209,300
94$33,167,827$587,644$0$23,197,705
95$36,379,827$445,321$0$25,385,802
96$39,914,062$290,633$0$27,793,980
97$43,803,228$122,806$0$30,444,711
98$48,083,353$0$0$33,362,768
99$52,794,136$0$0$36,593,629
100$57,979,317$0$0$40,191,627