Can I retire at age 57 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$125,520$124,402$123,311$122,247$121,207$120,292
2 years$62,139$60,981$59,860$58,772$57,718$56,795
3 years$41,014$39,852$38,733$37,656$36,618$35,717
4 years$30,454$29,295$28,188$27,129$26,117$25,243
5 years$24,120$22,968$21,875$20,838$19,853$19,011
6 years$19,898$18,755$17,678$16,664$15,709$14,898
7 years$16,884$15,751$14,691$13,700$12,776$11,997
8 years$14,624$13,501$12,459$11,493$10,599$9,852
9 years$12,868$11,755$10,731$9,789$8,926$8,210
10 years$11,463$10,362$9,355$8,439$7,605$6,921
11 years$10,315$9,224$8,236$7,344$6,541$5,888
12 years$9,359$8,279$7,310$6,442$5,668$5,045
13 years$8,550$7,482$6,531$5,687$4,943$4,350
14 years$7,858$6,801$5,868$5,048$4,333$3,769
15 years$7,258$6,213$5,298$4,502$3,815$3,279
16 years$6,734$5,700$4,803$4,031$3,372$2,863
17 years$6,272$5,250$4,371$3,622$2,989$2,508
18 years$5,862$4,851$3,990$3,264$2,658$2,202
19 years$5,495$4,496$3,653$2,950$2,369$1,938
20 years$5,166$4,178$3,352$2,671$2,116$1,709
21 years$4,868$3,891$3,083$2,424$1,894$1,509
22 years$4,598$3,632$2,842$2,204$1,698$1,335
23 years$4,352$3,397$2,624$2,008$1,524$1,182
24 years$4,126$3,183$2,427$1,831$1,370$1,048
25 years$3,919$2,987$2,248$1,672$1,232$930
26 years$3,728$2,807$2,084$1,529$1,110$826
27 years$3,551$2,642$1,936$1,399$1,001$735
28 years$3,388$2,490$1,799$1,282$903$654
29 years$3,236$2,349$1,675$1,176$815$582
30 years$3,094$2,218$1,560$1,079$737$518
31 years$2,962$2,097$1,454$991$666$462
32 years$2,838$1,984$1,357$911$603$412
33 years$2,722$1,879$1,267$838$545$367
34 years$2,613$1,781$1,184$771$494$327
35 years$2,511$1,689$1,107$709$447$292
36 years$2,414$1,603$1,035$653$405$261
37 years$2,323$1,523$969$602$367$233
38 years$2,237$1,447$907$555$333$208
39 years$2,155$1,376$850$512$302$186
40 years$2,078$1,309$797$472$274$166
41 years$2,005$1,246$747$435$248$148
42 years$1,935$1,187$701$402$225$132
43 years$1,869$1,131$658$371$205$118
44 years$1,806$1,078$617$342$186$106
45 years$1,746$1,028$580$316$169$94
46 years$1,689$981$544$292$153$84
47 years$1,634$936$511$270$139$75
48 years$1,582$893$481$249$126$67
49 years$1,532$853$452$231$115$60
50 years$1,484$815$425$213$104$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,520,000, adding $2,020 every year, while hoping to spend $40,018 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: 52/28/20 Blend
56$1,520,000$1,520,000$1,520,000$1,520,000
57$1,677,124$1,596,564$1,573,004$1,754,988
58$1,805,611$1,632,216$1,583,120$1,844,461
59$1,945,864$1,668,275$1,592,235$1,937,405
60$2,099,038$1,704,717$1,600,271$2,037,646
61$2,266,410$1,741,517$1,607,150$2,145,892
62$2,449,381$1,778,649$1,612,787$2,262,922
63$2,649,496$1,816,082$1,617,094$2,389,593
64$2,868,458$1,853,783$1,619,979$2,526,851
65$3,108,138$1,891,715$1,621,346$2,675,740
66$3,370,599$1,929,840$1,621,092$2,837,409
67$3,658,112$1,968,114$1,619,110$3,013,124
68$3,973,178$2,006,490$1,615,289$3,204,282
69$4,318,552$2,044,918$1,609,511$3,412,422
70$4,697,267$2,083,343$1,601,653$3,639,241
71$5,112,666$2,121,704$1,591,586$3,886,611
72$5,568,428$2,159,937$1,579,174$4,156,592
73$6,068,607$2,197,974$1,564,276$4,451,460
74$6,617,669$2,235,738$1,546,743$4,773,719
75$7,220,532$2,273,150$1,526,420$5,126,134
76$7,882,615$2,310,123$1,503,143$5,511,749
77$8,609,886$2,346,564$1,476,743$5,933,923
78$9,408,921$2,382,372$1,447,041$6,396,358
79$10,286,964$2,417,441$1,413,849$6,903,135
80$11,251,994$2,451,656$1,376,974$7,458,752
81$12,312,805$2,484,894$1,336,209$8,068,170
82$13,479,080$2,517,024$1,291,342$8,736,857
83$14,761,493$2,547,904$1,242,148$9,470,840
84$16,171,799$2,577,385$1,188,394$10,276,764
85$17,722,952$2,605,307$1,129,835$11,161,954
86$19,429,225$2,631,498$1,066,215$12,134,487
87$21,306,340$2,655,777$997,269$13,203,264
88$23,371,625$2,677,948$922,715$14,378,099
89$25,644,168$2,697,804$842,263$15,669,810
90$28,145,003$2,715,126$755,608$17,090,322
91$30,897,304$2,729,678$662,432$18,652,781
92$33,926,607$2,741,211$562,402$20,371,678
93$37,261,050$2,749,459$455,171$22,262,988
94$40,931,634$2,754,139$340,377$24,344,318
95$44,972,522$2,754,953$217,640$26,635,079
96$49,421,354$2,751,581$86,567$29,156,665
97$54,319,609$2,743,686$0$31,932,661
98$59,712,991$2,730,908$0$35,000,439
99$65,651,860$2,712,866$0$38,397,731
100$72,191,710$2,689,157$0$42,137,726