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%11.9%
1 years$124,694$123,584$122,500$121,442$120,410$119,451
2 years$61,730$60,580$59,466$58,386$57,338$56,371
3 years$40,744$39,590$38,478$37,408$36,377$35,433
4 years$30,254$29,103$28,002$26,951$25,945$25,030
5 years$23,961$22,817$21,731$20,701$19,723$18,840
6 years$19,767$18,632$17,562$16,554$15,606$14,757
7 years$16,773$15,647$14,594$13,610$12,692$11,876
8 years$14,528$13,412$12,377$11,417$10,529$9,747
9 years$12,783$11,678$10,660$9,725$8,867$8,119
10 years$11,388$10,293$9,294$8,383$7,555$6,840
11 years$10,247$9,164$8,182$7,296$6,498$5,815
12 years$9,297$8,225$7,261$6,399$5,631$4,980
13 years$8,494$7,433$6,488$5,650$4,910$4,290
14 years$7,806$6,756$5,829$5,015$4,304$3,715
15 years$7,211$6,172$5,263$4,473$3,790$3,230
16 years$6,690$5,663$4,772$4,005$3,349$2,818
17 years$6,231$5,215$4,342$3,598$2,970$2,467
18 years$5,823$4,819$3,964$3,243$2,641$2,164
19 years$5,459$4,466$3,629$2,930$2,354$1,903
20 years$5,132$4,150$3,330$2,654$2,102$1,677
21 years$4,836$3,866$3,063$2,408$1,881$1,480
22 years$4,568$3,608$2,823$2,190$1,686$1,308
23 years$4,323$3,375$2,607$1,994$1,514$1,158
24 years$4,099$3,162$2,411$1,819$1,361$1,026
25 years$3,893$2,967$2,233$1,661$1,224$910
26 years$3,703$2,789$2,071$1,519$1,103$808
27 years$3,528$2,625$1,923$1,390$994$717
28 years$3,365$2,473$1,788$1,274$897$638
29 years$3,214$2,333$1,664$1,168$810$567
30 years$3,074$2,204$1,549$1,072$732$505
31 years$2,942$2,083$1,445$985$662$449
32 years$2,819$1,971$1,348$905$599$400
33 years$2,704$1,867$1,258$832$542$357
34 years$2,596$1,769$1,176$766$491$318
35 years$2,494$1,678$1,099$705$444$283
36 years$2,398$1,593$1,028$649$403$253
37 years$2,308$1,513$963$598$365$225
38 years$2,222$1,438$901$551$331$201
39 years$2,141$1,367$844$508$300$179
40 years$2,064$1,301$792$469$272$160
41 years$1,992$1,238$742$433$247$143
42 years$1,922$1,179$696$399$224$128
43 years$1,857$1,123$653$368$203$114
44 years$1,794$1,071$613$340$184$102
45 years$1,734$1,021$576$314$167$91
46 years$1,678$974$541$290$152$81
47 years$1,623$930$508$268$138$72
48 years$1,571$887$477$248$125$65
49 years$1,522$847$449$229$114$58
50 years$1,474$809$422$212$103$52

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 $3,775 every year, while hoping to spend $33,472 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: 58/29/13 Blend
56$1,510,000$1,510,000$1,510,000$1,510,000
57$1,667,914$1,587,884$1,564,479$1,759,007
58$1,802,427$1,630,076$1,581,275$1,863,145
59$1,949,539$1,673,214$1,597,512$1,972,565
60$2,110,499$1,717,309$1,613,136$2,091,047
61$2,286,683$1,762,370$1,628,089$2,219,467
62$2,479,607$1,808,409$1,642,312$2,358,788
63$2,690,939$1,855,433$1,655,742$2,510,072
64$2,922,517$1,903,451$1,668,311$2,674,485
65$3,176,365$1,952,471$1,679,951$2,853,316
66$3,454,711$2,002,499$1,690,586$3,047,980
67$3,760,011$2,053,541$1,700,140$3,260,038
68$4,094,968$2,105,601$1,708,531$3,491,209
69$4,462,561$2,158,682$1,715,673$3,743,386
70$4,866,071$2,212,786$1,721,477$4,018,655
71$5,309,111$2,267,913$1,725,847$4,319,312
72$5,795,663$2,324,063$1,728,685$4,647,889
73$6,330,110$2,381,232$1,729,886$5,007,174
74$6,917,285$2,439,416$1,729,341$5,400,239
75$7,562,510$2,498,608$1,726,935$5,830,467
76$8,271,646$2,558,801$1,722,548$6,301,589
77$9,051,154$2,619,982$1,716,053$6,817,710
78$9,908,149$2,682,139$1,707,318$7,383,360
79$10,850,472$2,745,255$1,696,205$8,003,525
80$11,886,760$2,809,312$1,682,568$8,683,700
81$13,026,530$2,874,289$1,666,254$9,429,943
82$14,280,267$2,940,160$1,647,105$10,248,925
83$15,659,524$3,006,898$1,624,952$11,148,001
84$17,177,029$3,074,469$1,599,622$12,135,271
85$18,846,807$3,142,839$1,570,930$13,219,665
86$20,684,310$3,211,967$1,538,685$14,411,023
87$22,706,565$3,281,809$1,502,687$15,720,185
88$24,932,333$3,352,316$1,462,725$17,159,101
89$27,382,285$3,423,433$1,418,580$18,740,937
90$30,079,197$3,495,101$1,370,022$20,480,201
91$33,048,168$3,567,254$1,316,810$22,392,885
92$36,316,852$3,639,820$1,258,695$24,496,607
93$39,915,722$3,712,722$1,195,412$26,810,786
94$43,878,355$3,785,875$1,126,687$29,356,820
95$48,241,750$3,859,185$1,052,234$32,158,293
96$53,046,677$3,932,554$971,753$35,241,191
97$58,338,061$4,005,872$884,929$38,634,155
98$64,165,406$4,079,023$791,437$42,368,745
99$70,583,262$4,151,879$690,934$46,479,743
100$77,651,737$4,224,304$583,064$51,005,481