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%12.8%
1 years$123,869$122,765$121,689$120,638$119,612$118,215
2 years$61,321$60,179$59,072$57,999$56,958$55,552
3 years$40,475$39,328$38,224$37,161$36,137$34,765
4 years$30,053$28,910$27,817$26,772$25,773$24,447
5 years$23,802$22,666$21,587$20,564$19,592$18,315
6 years$19,636$18,508$17,446$16,445$15,503$14,276
7 years$16,662$15,543$14,497$13,520$12,608$11,432
8 years$14,432$13,323$12,295$11,342$10,459$9,335
9 years$12,698$11,600$10,590$9,661$8,808$7,734
10 years$11,312$10,225$9,232$8,328$7,505$6,480
11 years$10,179$9,103$8,128$7,247$6,455$5,479
12 years$9,236$8,170$7,213$6,357$5,593$4,665
13 years$8,438$7,384$6,445$5,612$4,878$3,996
14 years$7,754$6,711$5,791$4,982$4,276$3,440
15 years$7,163$6,131$5,228$4,443$3,765$2,973
16 years$6,646$5,625$4,740$3,978$3,327$2,578
17 years$6,190$5,181$4,313$3,574$2,950$2,242
18 years$5,785$4,787$3,937$3,221$2,623$1,955
19 years$5,423$4,437$3,605$2,911$2,338$1,708
20 years$5,098$4,123$3,308$2,636$2,088$1,495
21 years$4,804$3,840$3,043$2,393$1,869$1,311
22 years$4,537$3,585$2,804$2,175$1,675$1,151
23 years$4,294$3,353$2,589$1,981$1,504$1,011
24 years$4,072$3,141$2,395$1,807$1,352$890
25 years$3,867$2,948$2,218$1,650$1,216$784
26 years$3,679$2,770$2,057$1,509$1,096$691
27 years$3,505$2,607$1,910$1,381$988$609
28 years$3,343$2,457$1,776$1,265$891$538
29 years$3,193$2,318$1,652$1,160$805$475
30 years$3,053$2,189$1,539$1,065$727$419
31 years$2,923$2,069$1,435$978$657$371
32 years$2,801$1,958$1,339$899$595$328
33 years$2,686$1,854$1,250$827$538$290
34 years$2,579$1,757$1,168$761$487$256
35 years$2,478$1,667$1,092$700$441$227
36 years$2,382$1,582$1,022$645$400$201
37 years$2,292$1,503$956$594$362$178
38 years$2,207$1,428$895$548$329$157
39 years$2,127$1,358$839$505$298$139
40 years$2,051$1,292$786$466$270$123
41 years$1,978$1,230$737$430$245$109
42 years$1,910$1,171$692$397$222$97
43 years$1,844$1,116$649$366$202$86
44 years$1,782$1,064$609$338$183$76
45 years$1,723$1,014$572$312$166$67
46 years$1,666$968$537$288$151$60
47 years$1,613$923$505$266$137$53
48 years$1,561$882$474$246$125$47
49 years$1,512$842$446$227$113$41
50 years$1,465$804$419$210$103$37

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 $6,402 every year, while hoping to spend $41,986 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: 63/13/24 Blend
56$1,500,000$1,500,000$1,500,000$1,500,000
57$1,659,604$1,580,104$1,556,854$1,753,318
58$1,784,210$1,612,856$1,564,335$1,850,183
59$1,920,120$1,645,806$1,570,661$1,950,713
60$2,068,441$1,678,919$1,575,746$2,059,577
61$2,230,393$1,712,157$1,579,505$2,177,597
62$2,407,320$1,745,480$1,581,845$2,305,676
63$2,600,700$1,778,842$1,582,671$2,444,813
64$2,812,162$1,812,196$1,581,881$2,596,104
65$3,043,498$1,845,489$1,579,370$2,760,762
66$3,296,682$1,878,665$1,575,026$2,940,122
67$3,573,888$1,911,664$1,568,733$3,135,655
68$3,877,508$1,944,419$1,560,369$3,348,985
69$4,210,178$1,976,860$1,549,806$3,581,900
70$4,574,802$2,008,911$1,536,910$3,836,371
71$4,974,575$2,040,491$1,521,540$4,114,573
72$5,413,019$2,071,513$1,503,549$4,418,901
73$5,894,013$2,101,882$1,482,783$4,751,997
74$6,421,826$2,131,499$1,459,081$5,116,773
75$7,001,166$2,160,256$1,432,273$5,516,439
76$7,637,214$2,188,038$1,402,184$5,954,534
77$8,335,680$2,214,721$1,368,627$6,434,960
78$9,102,852$2,240,176$1,331,409$6,962,016
79$9,945,660$2,264,261$1,290,328$7,540,444
80$10,871,734$2,286,827$1,245,171$8,175,470
81$11,889,485$2,307,715$1,195,718$8,872,855
82$13,008,174$2,326,755$1,141,736$9,638,949
83$14,238,007$2,343,766$1,082,984$10,480,753
84$15,590,228$2,358,554$1,019,208$11,405,983
85$17,077,224$2,370,916$950,143$12,423,148
86$18,712,642$2,380,632$875,515$13,541,623
87$20,511,519$2,387,471$795,032$14,771,745
88$22,490,422$2,391,185$708,394$16,124,908
89$24,667,606$2,391,514$615,286$17,613,670
90$27,063,182$2,388,178$515,378$19,251,877
91$29,699,311$2,380,883$408,327$21,054,786
92$32,600,408$2,369,314$293,774$23,039,219
93$35,793,378$2,353,139$171,344$25,223,714
94$39,307,865$2,332,005$40,646$27,628,709
95$43,176,531$2,305,537$0$30,276,728
96$47,435,369$2,273,340$0$33,217,907
97$52,124,034$2,234,992$0$36,467,056
98$57,286,227$2,190,047$0$40,044,032
99$62,970,098$2,138,036$0$43,982,200
100$69,228,706$2,078,457$0$48,318,326