Can I retire at age 57 with 1,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$123,869$122,765$121,689$120,638$119,612$115,923
2 years$61,321$60,179$59,072$57,999$56,958$53,273
3 years$40,475$39,328$38,224$37,161$36,137$32,572
4 years$30,053$28,910$27,817$26,772$25,773$22,356
5 years$23,802$22,666$21,587$20,564$19,592$16,332
6 years$19,636$18,508$17,446$16,445$15,503$12,402
7 years$16,662$15,543$14,497$13,520$12,608$9,666
8 years$14,432$13,323$12,295$11,342$10,459$7,675
9 years$12,698$11,600$10,590$9,661$8,808$6,179
10 years$11,312$10,225$9,232$8,328$7,505$5,026
11 years$10,179$9,103$8,128$7,247$6,455$4,122
12 years$9,236$8,170$7,213$6,357$5,593$3,402
13 years$8,438$7,384$6,445$5,612$4,878$2,823
14 years$7,754$6,711$5,791$4,982$4,276$2,352
15 years$7,163$6,131$5,228$4,443$3,765$1,966
16 years$6,646$5,625$4,740$3,978$3,327$1,648
17 years$6,190$5,181$4,313$3,574$2,950$1,384
18 years$5,785$4,787$3,937$3,221$2,623$1,165
19 years$5,423$4,437$3,605$2,911$2,338$983
20 years$5,098$4,123$3,308$2,636$2,088$830
21 years$4,804$3,840$3,043$2,393$1,869$701
22 years$4,537$3,585$2,804$2,175$1,675$593
23 years$4,294$3,353$2,589$1,981$1,504$502
24 years$4,072$3,141$2,395$1,807$1,352$425
25 years$3,867$2,948$2,218$1,650$1,216$361
26 years$3,679$2,770$2,057$1,509$1,096$306
27 years$3,505$2,607$1,910$1,381$988$260
28 years$3,343$2,457$1,776$1,265$891$220
29 years$3,193$2,318$1,652$1,160$805$187
30 years$3,053$2,189$1,539$1,065$727$159
31 years$2,923$2,069$1,435$978$657$135
32 years$2,801$1,958$1,339$899$595$115
33 years$2,686$1,854$1,250$827$538$97
34 years$2,579$1,757$1,168$761$487$83
35 years$2,478$1,667$1,092$700$441$70
36 years$2,382$1,582$1,022$645$400$60
37 years$2,292$1,503$956$594$362$51
38 years$2,207$1,428$895$548$329$43
39 years$2,127$1,358$839$505$298$37
40 years$2,051$1,292$786$466$270$31
41 years$1,978$1,230$737$430$245$27
42 years$1,910$1,171$692$397$222$23
43 years$1,844$1,116$649$366$202$19
44 years$1,782$1,064$609$338$183$16
45 years$1,723$1,014$572$312$166$14
46 years$1,666$968$537$288$151$12
47 years$1,613$923$505$266$137$10
48 years$1,561$882$474$246$125$9
49 years$1,512$842$446$227$113$7
50 years$1,465$804$419$210$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,500,000, adding $5,111 every year, while hoping to spend $26,116 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: 68/6/26 Blend
56$1,500,000$1,500,000$1,500,000$1,500,000
57$1,658,272$1,578,772$1,555,522$1,759,568
58$1,799,629$1,628,345$1,579,845$1,877,829
59$1,954,528$1,679,471$1,604,107$2,003,713
60$2,124,325$1,732,200$1,628,279$2,140,839
61$2,310,509$1,786,581$1,652,330$2,290,319
62$2,514,724$1,842,666$1,676,226$2,453,378
63$2,738,777$1,900,508$1,699,931$2,631,365
64$2,984,662$1,960,163$1,723,408$2,825,767
65$3,254,573$2,021,686$1,746,618$3,038,222
66$3,550,927$2,085,136$1,769,517$3,270,533
67$3,876,388$2,150,574$1,792,062$3,524,688
68$4,233,888$2,218,061$1,814,205$3,802,876
69$4,626,660$2,287,661$1,835,896$4,107,509
70$5,058,263$2,359,441$1,857,083$4,441,246
71$5,532,620$2,433,468$1,877,709$4,807,015
72$6,054,052$2,509,812$1,897,717$5,208,042
73$6,627,318$2,588,546$1,917,043$5,647,883
74$7,257,664$2,669,744$1,935,624$6,130,456
75$7,950,867$2,753,483$1,953,388$6,660,075
76$8,713,294$2,839,842$1,970,266$7,241,498
77$9,551,959$2,928,903$1,986,178$7,879,965
78$10,474,590$3,020,750$2,001,046$8,581,252
79$11,489,702$3,115,471$2,014,785$9,351,721
80$12,606,676$3,213,153$2,027,305$10,198,385
81$13,835,850$3,313,891$2,038,512$11,128,971
82$15,188,613$3,417,778$2,048,309$12,151,994
83$16,677,516$3,524,913$2,056,592$13,276,836
84$18,316,386$3,635,398$2,063,251$14,513,837
85$20,120,460$3,749,335$2,068,173$15,874,391
86$22,106,528$3,866,833$2,071,238$17,371,053
87$24,293,089$3,988,003$2,072,319$19,017,660
88$26,700,527$4,112,959$2,071,285$20,829,460
89$29,351,305$4,241,818$2,067,997$22,823,253
90$32,270,173$4,374,701$2,062,310$25,017,557
91$35,484,404$4,511,735$2,054,070$27,432,775
92$39,024,050$4,653,047$2,043,119$30,091,393
93$42,922,229$4,798,772$2,029,288$33,018,191
94$47,215,429$4,949,045$2,012,403$36,240,475
95$51,943,863$5,104,008$1,992,278$39,788,336
96$57,151,839$5,263,807$1,968,722$43,694,937
97$62,888,185$5,428,591$1,941,532$47,996,820
98$69,206,704$5,598,516$1,910,498$52,734,259
99$76,166,686$5,773,741$1,875,397$57,951,633
100$83,833,463$5,954,431$1,835,999$63,697,848