Can I retire at age 57 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$124,694$123,584$122,500$121,442$120,410$116,930
2 years$61,730$60,580$59,466$58,386$57,338$53,860
3 years$40,744$39,590$38,478$37,408$36,377$33,010
4 years$30,254$29,103$28,002$26,951$25,945$22,714
5 years$23,961$22,817$21,731$20,701$19,723$16,637
6 years$19,767$18,632$17,562$16,554$15,606$12,668
7 years$16,773$15,647$14,594$13,610$12,692$9,902
8 years$14,528$13,412$12,377$11,417$10,529$7,886
9 years$12,783$11,678$10,660$9,725$8,867$6,368
10 years$11,388$10,293$9,294$8,383$7,555$5,196
11 years$10,247$9,164$8,182$7,296$6,498$4,275
12 years$9,297$8,225$7,261$6,399$5,631$3,540
13 years$8,494$7,433$6,488$5,650$4,910$2,947
14 years$7,806$6,756$5,829$5,015$4,304$2,464
15 years$7,211$6,172$5,263$4,473$3,790$2,067
16 years$6,690$5,663$4,772$4,005$3,349$1,739
17 years$6,231$5,215$4,342$3,598$2,970$1,466
18 years$5,823$4,819$3,964$3,243$2,641$1,239
19 years$5,459$4,466$3,629$2,930$2,354$1,048
20 years$5,132$4,150$3,330$2,654$2,102$889
21 years$4,836$3,866$3,063$2,408$1,881$754
22 years$4,568$3,608$2,823$2,190$1,686$640
23 years$4,323$3,375$2,607$1,994$1,514$544
24 years$4,099$3,162$2,411$1,819$1,361$463
25 years$3,893$2,967$2,233$1,661$1,224$394
26 years$3,703$2,789$2,071$1,519$1,103$335
27 years$3,528$2,625$1,923$1,390$994$286
28 years$3,365$2,473$1,788$1,274$897$244
29 years$3,214$2,333$1,664$1,168$810$208
30 years$3,074$2,204$1,549$1,072$732$177
31 years$2,942$2,083$1,445$985$662$151
32 years$2,819$1,971$1,348$905$599$129
33 years$2,704$1,867$1,258$832$542$110
34 years$2,596$1,769$1,176$766$491$94
35 years$2,494$1,678$1,099$705$444$80
36 years$2,398$1,593$1,028$649$403$68
37 years$2,308$1,513$963$598$365$58
38 years$2,222$1,438$901$551$331$50
39 years$2,141$1,367$844$508$300$42
40 years$2,064$1,301$792$469$272$36
41 years$1,992$1,238$742$433$247$31
42 years$1,922$1,179$696$399$224$26
43 years$1,857$1,123$653$368$203$23
44 years$1,794$1,071$613$340$184$19
45 years$1,734$1,021$576$314$167$16
46 years$1,678$974$541$290$152$14
47 years$1,623$930$508$268$138$12
48 years$1,571$887$477$248$125$10
49 years$1,522$847$449$229$114$9
50 years$1,474$809$422$212$103$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,510,000, adding $3,256 every year, while hoping to spend $59,684 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: 74/13/13 Blend
56$1,510,000$1,510,000$1,510,000$1,510,000
57$1,667,379$1,587,349$1,563,944$1,786,015
58$1,773,948$1,601,625$1,552,832$1,879,138
59$1,889,387$1,614,601$1,539,349$1,973,406
60$2,014,537$1,626,150$1,523,350$2,075,067
61$2,150,325$1,636,136$1,504,687$2,184,837
62$2,297,767$1,644,416$1,483,203$2,303,505
63$2,457,984$1,650,837$1,458,735$2,431,942
64$2,632,207$1,655,236$1,431,111$2,571,108
65$2,821,791$1,657,442$1,400,153$2,722,059
66$3,028,228$1,657,271$1,365,672$2,885,962
67$3,253,158$1,654,527$1,327,472$3,064,102
68$3,498,385$1,649,005$1,285,348$3,257,896
69$3,765,899$1,640,484$1,239,085$3,468,905
70$4,057,885$1,628,732$1,188,459$3,698,852
71$4,376,751$1,613,502$1,133,235$3,949,635
72$4,725,149$1,594,533$1,073,166$4,223,347
73$5,105,994$1,571,545$1,007,998$4,522,294
74$5,522,501$1,544,246$937,461$4,849,022
75$5,978,206$1,512,324$861,276$5,206,334
76$6,477,003$1,475,448$779,149$5,597,323
77$7,023,182$1,433,270$690,775$6,025,397
78$7,621,465$1,385,419$595,835$6,494,315
79$8,277,054$1,331,504$493,995$7,008,220
80$8,995,676$1,271,110$384,906$7,571,680
81$9,783,640$1,203,799$268,205$8,189,731
82$10,647,894$1,129,108$143,512$8,867,926
83$11,596,091$1,046,546$10,432$9,612,386
84$12,636,660$955,595$0$10,429,858
85$13,778,888$855,707$0$11,346,036
86$15,033,001$746,303$0$12,353,598
87$16,410,266$626,771$0$13,460,201
88$17,923,096$496,466$0$14,675,876
89$19,585,162$354,703$0$16,011,682
90$21,411,527$200,762$0$17,479,801
91$23,418,785$33,881$0$19,093,662
92$25,625,216$0$0$20,868,063
93$28,050,961$0$0$22,840,303
94$30,718,210$0$0$25,014,298
95$33,651,408$0$0$27,405,136
96$36,877,491$0$0$30,034,779
97$40,426,134$0$0$32,927,427
98$44,330,034$0$0$36,109,741
99$48,625,214$0$0$39,611,099
100$53,351,369$0$0$43,463,868