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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$123,869$122,765$121,689$120,638$119,612$117,873
2 years$61,321$60,179$59,072$57,999$56,958$55,210
3 years$40,475$39,328$38,224$37,161$36,137$34,433
4 years$30,053$28,910$27,817$26,772$25,773$24,128
5 years$23,802$22,666$21,587$20,564$19,592$18,010
6 years$19,636$18,508$17,446$16,445$15,503$13,985
7 years$16,662$15,543$14,497$13,520$12,608$11,156
8 years$14,432$13,323$12,295$11,342$10,459$9,072
9 years$12,698$11,600$10,590$9,661$8,808$7,486
10 years$11,312$10,225$9,232$8,328$7,505$6,246
11 years$10,179$9,103$8,128$7,247$6,455$5,257
12 years$9,236$8,170$7,213$6,357$5,593$4,457
13 years$8,438$7,384$6,445$5,612$4,878$3,800
14 years$7,754$6,711$5,791$4,982$4,276$3,256
15 years$7,163$6,131$5,228$4,443$3,765$2,800
16 years$6,646$5,625$4,740$3,978$3,327$2,417
17 years$6,190$5,181$4,313$3,574$2,950$2,091
18 years$5,785$4,787$3,937$3,221$2,623$1,814
19 years$5,423$4,437$3,605$2,911$2,338$1,577
20 years$5,098$4,123$3,308$2,636$2,088$1,373
21 years$4,804$3,840$3,043$2,393$1,869$1,198
22 years$4,537$3,585$2,804$2,175$1,675$1,046
23 years$4,294$3,353$2,589$1,981$1,504$914
24 years$4,072$3,141$2,395$1,807$1,352$800
25 years$3,867$2,948$2,218$1,650$1,216$701
26 years$3,679$2,770$2,057$1,509$1,096$614
27 years$3,505$2,607$1,910$1,381$988$539
28 years$3,343$2,457$1,776$1,265$891$473
29 years$3,193$2,318$1,652$1,160$805$415
30 years$3,053$2,189$1,539$1,065$727$365
31 years$2,923$2,069$1,435$978$657$320
32 years$2,801$1,958$1,339$899$595$282
33 years$2,686$1,854$1,250$827$538$248
34 years$2,579$1,757$1,168$761$487$218
35 years$2,478$1,667$1,092$700$441$191
36 years$2,382$1,582$1,022$645$400$168
37 years$2,292$1,503$956$594$362$148
38 years$2,207$1,428$895$548$329$130
39 years$2,127$1,358$839$505$298$115
40 years$2,051$1,292$786$466$270$101
41 years$1,978$1,230$737$430$245$89
42 years$1,910$1,171$692$397$222$78
43 years$1,844$1,116$649$366$202$69
44 years$1,782$1,064$609$338$183$61
45 years$1,723$1,014$572$312$166$54
46 years$1,666$968$537$288$151$47
47 years$1,613$923$505$266$137$42
48 years$1,561$882$474$246$125$37
49 years$1,512$842$446$227$113$32
50 years$1,465$804$419$210$103$28

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 $4,723 every year, while hoping to spend $56,341 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: 69/9/22 Blend
56$1,500,000$1,500,000$1,500,000$1,500,000
57$1,657,872$1,578,372$1,555,122$1,762,814
58$1,767,028$1,595,766$1,547,272$1,850,998
59$1,885,430$1,612,123$1,537,271$1,940,454
60$2,013,962$1,627,335$1,524,987$2,036,990
61$2,153,594$1,641,283$1,510,282$2,141,302
62$2,305,397$1,653,842$1,493,013$2,254,159
63$2,470,546$1,664,878$1,473,027$2,376,408
64$2,650,334$1,674,250$1,450,166$2,508,984
65$2,846,187$1,681,807$1,424,266$2,652,918
66$3,059,671$1,687,388$1,395,151$2,809,346
67$3,292,510$1,690,822$1,362,641$2,979,524
68$3,546,602$1,691,929$1,326,546$3,164,833
69$3,824,036$1,690,515$1,286,666$3,366,799
70$4,127,113$1,686,375$1,242,794$3,587,105
71$4,458,364$1,679,293$1,194,713$3,827,606
72$4,820,576$1,669,037$1,142,196$4,090,348
73$5,216,820$1,655,365$1,085,004$4,377,588
74$5,650,473$1,638,015$1,022,889$4,691,815
75$6,125,257$1,616,714$955,592$5,035,774
76$6,645,270$1,591,169$882,841$5,412,491
77$7,215,024$1,561,073$804,352$5,825,305
78$7,839,489$1,526,099$719,831$6,277,896
79$8,524,138$1,485,899$628,967$6,774,323
80$9,275,000$1,440,108$531,437$7,319,062
81$10,098,714$1,388,336$426,903$7,917,049
82$11,002,593$1,330,175$315,015$8,573,726
83$11,994,692$1,265,189$195,403$9,295,094
84$13,083,886$1,192,918$67,684$10,087,769
85$14,279,948$1,112,876$0$10,959,048
86$15,593,646$1,024,550$0$11,933,080
87$17,036,841$927,396$0$13,020,631
88$18,622,600$820,840$0$14,215,676
89$20,365,318$704,275$0$15,529,104
90$22,280,855$577,059$0$16,972,912
91$24,386,682$438,515$0$18,560,322
92$26,702,049$287,927$0$20,305,900
93$29,248,163$124,541$0$22,225,702
94$32,048,390$0$0$24,337,418
95$35,128,472$0$0$26,665,735
96$38,516,774$0$0$29,240,706
97$42,244,547$0$0$32,073,760
98$46,346,222$0$0$35,191,075
99$50,859,740$0$0$38,621,499
100$55,826,902$0$0$42,396,816