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%15.9%
1 years$123,869$122,765$121,689$120,638$119,612$116,721
2 years$61,321$60,179$59,072$57,999$56,958$54,062
3 years$40,475$39,328$38,224$37,161$36,137$33,327
4 years$30,053$28,910$27,817$26,772$25,773$23,071
5 years$23,802$22,666$21,587$20,564$19,592$17,006
6 years$19,636$18,508$17,446$16,445$15,503$13,034
7 years$16,662$15,543$14,497$13,520$12,608$10,258
8 years$14,432$13,323$12,295$11,342$10,459$8,227
9 years$12,698$11,600$10,590$9,661$8,808$6,691
10 years$11,312$10,225$9,232$8,328$7,505$5,501
11 years$10,179$9,103$8,128$7,247$6,455$4,561
12 years$9,236$8,170$7,213$6,357$5,593$3,807
13 years$8,438$7,384$6,445$5,612$4,878$3,195
14 years$7,754$6,711$5,791$4,982$4,276$2,693
15 years$7,163$6,131$5,228$4,443$3,765$2,278
16 years$6,646$5,625$4,740$3,978$3,327$1,933
17 years$6,190$5,181$4,313$3,574$2,950$1,644
18 years$5,785$4,787$3,937$3,221$2,623$1,402
19 years$5,423$4,437$3,605$2,911$2,338$1,197
20 years$5,098$4,123$3,308$2,636$2,088$1,024
21 years$4,804$3,840$3,043$2,393$1,869$877
22 years$4,537$3,585$2,804$2,175$1,675$752
23 years$4,294$3,353$2,589$1,981$1,504$645
24 years$4,072$3,141$2,395$1,807$1,352$554
25 years$3,867$2,948$2,218$1,650$1,216$476
26 years$3,679$2,770$2,057$1,509$1,096$409
27 years$3,505$2,607$1,910$1,381$988$352
28 years$3,343$2,457$1,776$1,265$891$303
29 years$3,193$2,318$1,652$1,160$805$261
30 years$3,053$2,189$1,539$1,065$727$225
31 years$2,923$2,069$1,435$978$657$193
32 years$2,801$1,958$1,339$899$595$167
33 years$2,686$1,854$1,250$827$538$144
34 years$2,579$1,757$1,168$761$487$124
35 years$2,478$1,667$1,092$700$441$107
36 years$2,382$1,582$1,022$645$400$92
37 years$2,292$1,503$956$594$362$79
38 years$2,207$1,428$895$548$329$68
39 years$2,127$1,358$839$505$298$59
40 years$2,051$1,292$786$466$270$51
41 years$1,978$1,230$737$430$245$44
42 years$1,910$1,171$692$397$222$38
43 years$1,844$1,116$649$366$202$33
44 years$1,782$1,064$609$338$183$28
45 years$1,723$1,014$572$312$166$24
46 years$1,666$968$537$288$151$21
47 years$1,613$923$505$266$137$18
48 years$1,561$882$474$246$125$16
49 years$1,512$842$446$227$113$13
50 years$1,465$804$419$210$103$12

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 $6,729 every year, while hoping to spend $35,728 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: 50/42/8 Blend
56$1,500,000$1,500,000$1,500,000$1,500,000
57$1,659,941$1,580,441$1,557,191$1,739,171
58$1,791,241$1,619,868$1,571,343$1,833,397
59$1,934,735$1,660,030$1,584,771$1,931,356
60$2,091,631$1,700,925$1,597,414$2,036,960
61$2,263,257$1,742,549$1,609,206$2,150,934
62$2,451,074$1,784,899$1,620,079$2,274,076
63$2,656,693$1,827,968$1,629,961$2,407,265
64$2,881,886$1,871,749$1,638,776$2,551,469
65$3,128,607$1,916,233$1,646,443$2,707,752
66$3,399,006$1,961,409$1,652,880$2,877,288
67$3,695,450$2,007,264$1,657,997$3,061,369
68$4,020,549$2,053,783$1,661,703$3,261,417
69$4,377,175$2,100,949$1,663,900$3,479,002
70$4,768,493$2,148,741$1,664,487$3,715,848
71$5,197,988$2,197,138$1,663,356$3,973,857
72$5,669,499$2,246,114$1,660,394$4,255,126
73$6,187,256$2,295,642$1,655,486$4,561,963
74$6,755,917$2,345,690$1,648,505$4,896,909
75$7,380,615$2,396,223$1,639,325$5,262,769
76$8,067,003$2,447,203$1,627,808$5,662,628
77$8,821,310$2,498,589$1,613,812$6,099,889
78$9,650,398$2,550,334$1,597,189$6,578,300
79$10,561,827$2,602,388$1,577,783$7,101,992
80$11,563,924$2,654,696$1,555,429$7,675,516
81$12,665,866$2,707,198$1,529,958$8,303,887
82$13,877,762$2,759,829$1,501,190$8,992,633
83$15,210,752$2,812,518$1,468,937$9,747,845
84$16,677,106$2,865,189$1,433,004$10,576,233
85$18,290,346$2,917,758$1,393,185$11,485,197
86$20,065,370$2,970,137$1,349,265$12,482,886
87$22,018,593$3,022,229$1,301,021$13,578,286
88$24,168,101$3,073,930$1,248,217$14,781,296
89$26,533,823$3,125,128$1,190,607$16,102,828
90$29,137,716$3,175,703$1,127,936$17,554,907
91$32,003,977$3,225,526$1,059,935$19,150,784
92$35,159,263$3,274,457$986,324$20,905,067
93$38,632,951$3,322,349$906,810$22,833,850
94$42,457,411$3,369,042$821,086$24,954,875
95$46,668,307$3,414,366$728,833$27,287,692
96$51,304,943$3,458,139$629,717$29,853,849
97$56,410,624$3,500,165$523,390$32,677,093
98$62,033,071$3,540,236$409,487$35,783,596
99$68,224,868$3,578,131$287,628$39,202,204
100$75,043,957$3,613,611$157,416$42,964,705