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%15.2%
1 years$123,043$121,947$120,878$119,834$118,815$116,273
2 years$60,912$59,778$58,678$57,612$56,578$54,030
3 years$40,205$39,065$37,969$36,913$35,896$33,420
4 years$29,853$28,717$27,632$26,594$25,601$23,218
5 years$23,644$22,515$21,443$20,426$19,462$17,177
6 years$19,505$18,385$17,329$16,335$15,399$13,216
7 years$16,551$15,440$14,401$13,430$12,524$10,442
8 years$14,336$13,235$12,213$11,266$10,390$8,409
9 years$12,614$11,523$10,519$9,596$8,750$6,868
10 years$11,237$10,157$9,171$8,272$7,455$5,671
11 years$10,111$9,042$8,074$7,199$6,412$4,723
12 years$9,174$8,116$7,165$6,315$5,556$3,960
13 years$8,381$7,334$6,402$5,575$4,845$3,339
14 years$7,703$6,667$5,752$4,949$4,247$2,828
15 years$7,115$6,090$5,193$4,413$3,740$2,404
16 years$6,601$5,588$4,708$3,952$3,305$2,050
17 years$6,148$5,146$4,284$3,551$2,930$1,753
18 years$5,746$4,755$3,911$3,200$2,606$1,502
19 years$5,387$4,407$3,580$2,891$2,322$1,289
20 years$5,064$4,095$3,286$2,619$2,074$1,108
21 years$4,772$3,815$3,022$2,377$1,856$954
22 years$4,507$3,561$2,786$2,161$1,664$822
23 years$4,266$3,330$2,572$1,968$1,494$710
24 years$4,045$3,120$2,379$1,795$1,343$613
25 years$3,841$2,928$2,203$1,639$1,208$529
26 years$3,654$2,752$2,043$1,499$1,088$458
27 years$3,481$2,590$1,897$1,372$981$396
28 years$3,321$2,441$1,764$1,257$885$343
29 years$3,172$2,302$1,641$1,153$799$297
30 years$3,033$2,174$1,529$1,058$722$257
31 years$2,903$2,055$1,425$972$653$223
32 years$2,782$1,945$1,330$893$591$193
33 years$2,668$1,842$1,242$821$535$167
34 years$2,562$1,746$1,160$755$484$145
35 years$2,461$1,656$1,085$695$438$126
36 years$2,366$1,572$1,015$640$397$109
37 years$2,277$1,493$950$590$360$95
38 years$2,193$1,418$889$544$326$82
39 years$2,113$1,349$833$502$296$71
40 years$2,037$1,283$781$463$268$62
41 years$1,965$1,222$732$427$244$54
42 years$1,897$1,163$687$394$221$47
43 years$1,832$1,108$645$364$201$40
44 years$1,770$1,057$605$336$182$35
45 years$1,711$1,008$568$310$165$30
46 years$1,655$961$534$286$150$26
47 years$1,602$917$501$265$136$23
48 years$1,551$876$471$244$124$20
49 years$1,502$836$443$226$112$17
50 years$1,455$799$416$209$102$15

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 $4,130 every year, while hoping to spend $57,050 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: 52/25/23 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,646,240$1,567,270$1,544,175$1,721,125
58$1,753,456$1,583,366$1,535,204$1,789,395
59$1,869,695$1,598,338$1,524,021$1,857,412
60$1,995,819$1,612,071$1,510,490$1,930,215
61$2,132,773$1,624,443$1,494,472$2,008,281
62$2,281,598$1,635,323$1,475,819$2,092,136
63$2,443,438$1,644,571$1,454,376$2,182,363
64$2,619,554$1,652,039$1,429,982$2,279,607
65$2,811,329$1,657,570$1,402,468$2,384,581
66$3,020,291$1,660,997$1,371,656$2,498,072
67$3,248,115$1,662,141$1,337,362$2,620,952
68$3,496,651$1,660,813$1,299,391$2,754,183
69$3,767,929$1,656,813$1,257,541$2,898,829
70$4,064,189$1,649,928$1,211,599$3,056,068
71$4,387,892$1,639,931$1,161,344$3,227,198
72$4,741,752$1,626,582$1,106,544$3,413,656
73$5,128,754$1,609,628$1,046,956$3,617,028
74$5,552,185$1,588,798$982,328$3,839,069
75$6,015,666$1,563,807$912,394$4,081,713
76$6,523,182$1,534,352$836,877$4,347,102
77$7,079,124$1,500,112$755,489$4,637,596
78$7,688,324$1,460,747$667,928$4,955,807
79$8,356,108$1,415,899$573,878$5,304,616
80$9,088,338$1,365,185$473,010$5,687,204
81$9,891,473$1,308,203$364,980$6,107,086
82$10,772,625$1,244,527$249,429$6,568,140
83$11,739,630$1,173,706$125,982$7,074,650
84$12,801,118$1,095,263$0$7,631,342
85$13,966,594$1,008,694$0$8,244,849
86$15,246,532$913,465$0$8,952,603
87$16,652,467$809,013$0$9,730,117
88$18,197,107$694,743$0$10,584,516
89$19,894,453$570,026$0$11,523,657
90$21,759,926$434,197$0$12,556,203
91$23,810,519$286,553$0$13,691,706
92$26,064,952$126,354$0$14,940,698
93$28,543,849$0$0$16,314,790
94$31,269,931$0$0$17,839,767
95$34,268,234$0$0$19,555,422
96$37,566,341$0$0$21,442,797
97$41,194,640$0$0$23,519,304
98$45,186,617$0$0$25,804,131
99$49,579,165$0$0$28,318,413
100$54,412,933$0$0$31,085,444