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%13.4%
1 years$123,043$121,947$120,878$119,834$118,815$117,136
2 years$60,912$59,778$58,678$57,612$56,578$54,890
3 years$40,205$39,065$37,969$36,913$35,896$34,251
4 years$29,853$28,717$27,632$26,594$25,601$24,012
5 years$23,644$22,515$21,443$20,426$19,462$17,933
6 years$19,505$18,385$17,329$16,335$15,399$13,933
7 years$16,551$15,440$14,401$13,430$12,524$11,120
8 years$14,336$13,235$12,213$11,266$10,390$9,049
9 years$12,614$11,523$10,519$9,596$8,750$7,470
10 years$11,237$10,157$9,171$8,272$7,455$6,237
11 years$10,111$9,042$8,074$7,199$6,412$5,253
12 years$9,174$8,116$7,165$6,315$5,556$4,456
13 years$8,381$7,334$6,402$5,575$4,845$3,802
14 years$7,703$6,667$5,752$4,949$4,247$3,260
15 years$7,115$6,090$5,193$4,413$3,740$2,806
16 years$6,601$5,588$4,708$3,952$3,305$2,423
17 years$6,148$5,146$4,284$3,551$2,930$2,098
18 years$5,746$4,755$3,911$3,200$2,606$1,822
19 years$5,387$4,407$3,580$2,891$2,322$1,585
20 years$5,064$4,095$3,286$2,619$2,074$1,381
21 years$4,772$3,815$3,022$2,377$1,856$1,205
22 years$4,507$3,561$2,786$2,161$1,664$1,053
23 years$4,266$3,330$2,572$1,968$1,494$921
24 years$4,045$3,120$2,379$1,795$1,343$807
25 years$3,841$2,928$2,203$1,639$1,208$707
26 years$3,654$2,752$2,043$1,499$1,088$620
27 years$3,481$2,590$1,897$1,372$981$545
28 years$3,321$2,441$1,764$1,257$885$478
29 years$3,172$2,302$1,641$1,153$799$420
30 years$3,033$2,174$1,529$1,058$722$369
31 years$2,903$2,055$1,425$972$653$325
32 years$2,782$1,945$1,330$893$591$286
33 years$2,668$1,842$1,242$821$535$251
34 years$2,562$1,746$1,160$755$484$221
35 years$2,461$1,656$1,085$695$438$195
36 years$2,366$1,572$1,015$640$397$172
37 years$2,277$1,493$950$590$360$151
38 years$2,193$1,418$889$544$326$133
39 years$2,113$1,349$833$502$296$117
40 years$2,037$1,283$781$463$268$103
41 years$1,965$1,222$732$427$244$91
42 years$1,897$1,163$687$394$221$80
43 years$1,832$1,108$645$364$201$71
44 years$1,770$1,057$605$336$182$62
45 years$1,711$1,008$568$310$165$55
46 years$1,655$961$534$286$150$48
47 years$1,602$917$501$265$136$43
48 years$1,551$876$471$244$124$38
49 years$1,502$836$443$226$112$33
50 years$1,455$799$416$209$102$29

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 $3,879 every year, while hoping to spend $38,190 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: 62/27/11 Blend
56$1,490,000$1,490,000$1,490,000$1,490,000
57$1,645,981$1,567,011$1,543,916$1,743,624
58$1,773,237$1,603,161$1,555,004$1,845,648
59$1,912,194$1,639,802$1,565,182$1,952,226
60$2,064,003$1,676,918$1,574,382$2,067,612
61$2,229,936$1,714,491$1,582,528$2,192,661
62$2,411,388$1,752,500$1,589,542$2,328,312
63$2,609,900$1,790,923$1,595,341$2,475,601
64$2,827,166$1,829,734$1,599,841$2,635,669
65$3,065,050$1,868,905$1,602,949$2,809,773
66$3,325,609$1,908,404$1,604,572$2,999,296
67$3,611,104$1,948,199$1,604,608$3,205,765
68$3,924,028$1,988,252$1,602,953$3,430,858
69$4,267,124$2,028,522$1,599,498$3,676,428
70$4,643,416$2,068,965$1,594,126$3,944,514
71$5,056,233$2,109,532$1,586,717$4,237,364
72$5,509,241$2,150,172$1,577,145$4,557,453
73$6,006,480$2,190,827$1,565,276$4,907,510
74$6,552,400$2,231,436$1,550,971$5,290,543
75$7,151,901$2,271,933$1,534,085$5,709,865
76$7,810,382$2,312,245$1,514,465$6,169,127
77$8,533,792$2,352,296$1,491,950$6,672,352
78$9,328,682$2,392,001$1,466,373$7,223,976
79$10,202,271$2,431,273$1,437,560$7,828,885
80$11,162,511$2,470,013$1,405,327$8,492,464
81$12,218,163$2,508,120$1,369,481$9,220,649
82$13,378,879$2,545,482$1,329,823$10,019,979
83$14,655,295$2,581,980$1,286,141$10,897,665
84$16,059,125$2,617,487$1,238,217$11,861,649
85$17,603,279$2,651,867$1,185,821$12,920,687
86$19,301,980$2,684,975$1,128,712$14,084,429
87$21,170,898$2,716,655$1,066,640$15,363,509
88$23,227,299$2,746,741$999,342$16,769,648
89$25,490,208$2,775,055$926,544$18,315,761
90$27,980,585$2,801,409$847,960$20,016,085
91$30,721,528$2,825,602$763,290$21,886,311
92$33,738,486$2,847,418$672,222$23,943,728
93$37,059,499$2,866,629$574,428$26,207,395
94$40,715,465$2,882,991$469,569$28,698,314
95$44,740,431$2,896,246$357,288$31,439,635
96$49,171,911$2,906,118$237,213$34,456,867
97$54,051,242$2,912,314$108,956$37,778,129
98$59,423,975$2,914,524$0$41,434,408
99$65,340,301$2,912,416$0$45,463,131
100$71,855,527$2,905,640$0$49,912,522