Can I retire at age 57 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$123,043$121,947$120,878$119,834$118,815$115,614
2 years$60,912$59,778$58,678$57,612$56,578$53,377
3 years$40,205$39,065$37,969$36,913$35,896$32,793
4 years$29,853$28,717$27,632$26,594$25,601$22,622
5 years$23,644$22,515$21,443$20,426$19,462$16,613
6 years$19,505$18,385$17,329$16,335$15,399$12,685
7 years$16,551$15,440$14,401$13,430$12,524$9,943
8 years$14,336$13,235$12,213$11,266$10,390$7,942
9 years$12,614$11,523$10,519$9,596$8,750$6,432
10 years$11,237$10,157$9,171$8,272$7,455$5,265
11 years$10,111$9,042$8,074$7,199$6,412$4,346
12 years$9,174$8,116$7,165$6,315$5,556$3,611
13 years$8,381$7,334$6,402$5,575$4,845$3,016
14 years$7,703$6,667$5,752$4,949$4,247$2,530
15 years$7,115$6,090$5,193$4,413$3,740$2,130
16 years$6,601$5,588$4,708$3,952$3,305$1,798
17 years$6,148$5,146$4,284$3,551$2,930$1,522
18 years$5,746$4,755$3,911$3,200$2,606$1,291
19 years$5,387$4,407$3,580$2,891$2,322$1,096
20 years$5,064$4,095$3,286$2,619$2,074$933
21 years$4,772$3,815$3,022$2,377$1,856$794
22 years$4,507$3,561$2,786$2,161$1,664$677
23 years$4,266$3,330$2,572$1,968$1,494$578
24 years$4,045$3,120$2,379$1,795$1,343$494
25 years$3,841$2,928$2,203$1,639$1,208$422
26 years$3,654$2,752$2,043$1,499$1,088$361
27 years$3,481$2,590$1,897$1,372$981$308
28 years$3,321$2,441$1,764$1,257$885$264
29 years$3,172$2,302$1,641$1,153$799$226
30 years$3,033$2,174$1,529$1,058$722$193
31 years$2,903$2,055$1,425$972$653$166
32 years$2,782$1,945$1,330$893$591$142
33 years$2,668$1,842$1,242$821$535$122
34 years$2,562$1,746$1,160$755$484$104
35 years$2,461$1,656$1,085$695$438$89
36 years$2,366$1,572$1,015$640$397$77
37 years$2,277$1,493$950$590$360$66
38 years$2,193$1,418$889$544$326$56
39 years$2,113$1,349$833$502$296$48
40 years$2,037$1,283$781$463$268$41
41 years$1,965$1,222$732$427$244$35
42 years$1,897$1,163$687$394$221$30
43 years$1,832$1,108$645$364$201$26
44 years$1,770$1,057$605$336$182$22
45 years$1,711$1,008$568$310$165$19
46 years$1,655$961$534$286$150$16
47 years$1,602$917$501$265$136$14
48 years$1,551$876$471$244$124$12
49 years$1,502$836$443$226$112$10
50 years$1,455$799$416$209$102$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,490,000, adding $3,709 every year, while hoping to spend $50,385 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: 44/43/13 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,645,806$1,566,836$1,543,741$1,711,911
58$1,760,069$1,590,002$1,541,847$1,781,548
59$1,884,298$1,612,614$1,538,201$1,851,613
60$2,019,456$1,634,592$1,532,691$1,926,444
61$2,166,604$1,655,850$1,525,199$2,006,502
62$2,326,908$1,676,297$1,515,604$2,092,294
63$2,501,651$1,695,834$1,503,775$2,184,381
64$2,692,246$1,714,356$1,489,577$2,283,383
65$2,900,247$1,731,752$1,472,871$2,389,984
66$3,127,367$1,747,902$1,453,506$2,504,940
67$3,375,488$1,762,679$1,431,328$2,629,087
68$3,646,685$1,775,948$1,406,175$2,763,348
69$3,943,242$1,787,564$1,377,877$2,908,742
70$4,267,672$1,797,374$1,346,255$3,066,395
71$4,622,744$1,805,215$1,311,124$3,237,551
72$5,011,506$1,810,913$1,272,289$3,423,584
73$5,437,315$1,814,283$1,229,546$3,626,011
74$5,903,868$1,815,129$1,182,682$3,846,508
75$6,415,235$1,813,243$1,131,475$4,086,924
76$6,975,900$1,808,404$1,075,691$4,349,302
77$7,590,803$1,800,376$1,015,087$4,635,900
78$8,265,381$1,788,910$949,409$4,949,208
79$9,005,626$1,773,743$878,390$5,291,975
80$9,818,137$1,754,594$801,753$5,667,239
81$10,710,183$1,731,165$719,208$6,078,351
82$11,689,772$1,703,143$630,452$6,529,011
83$12,765,724$1,670,192$535,167$7,023,304
84$13,947,756$1,631,960$433,024$7,565,737
85$15,246,574$1,588,072$323,677$8,161,285
86$16,673,969$1,538,133$206,765$8,815,441
87$18,242,935$1,481,722$81,912$9,534,264
88$19,967,784$1,418,396$0$10,324,442
89$21,864,285$1,347,685$0$11,200,474
90$23,949,814$1,269,092$0$12,175,972
91$26,243,510$1,182,093$0$13,248,604
92$28,766,464$1,086,132$0$14,428,348
93$31,541,912$980,621$0$15,726,204
94$34,595,455$864,940$0$17,154,306
95$37,955,303$738,433$0$18,726,035
96$41,652,534$600,407$0$20,456,148
97$45,721,396$450,130$0$22,360,921
98$50,199,622$286,830$0$24,458,301
99$55,128,787$109,689$0$26,768,078
100$60,554,705$0$0$29,312,076