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%17%
1 years$125,520$124,402$123,311$122,247$121,207$117,752
2 years$62,139$60,981$59,860$58,772$57,718$54,264
3 years$41,014$39,852$38,733$37,656$36,618$33,274
4 years$30,454$29,295$28,188$27,129$26,117$22,907
5 years$24,120$22,968$21,875$20,838$19,853$16,787
6 years$19,898$18,755$17,678$16,664$15,709$12,790
7 years$16,884$15,751$14,691$13,700$12,776$10,003
8 years$14,624$13,501$12,459$11,493$10,599$7,971
9 years$12,868$11,755$10,731$9,789$8,926$6,440
10 years$11,463$10,362$9,355$8,439$7,605$5,258
11 years$10,315$9,224$8,236$7,344$6,541$4,329
12 years$9,359$8,279$7,310$6,442$5,668$3,587
13 years$8,550$7,482$6,531$5,687$4,943$2,988
14 years$7,858$6,801$5,868$5,048$4,333$2,500
15 years$7,258$6,213$5,298$4,502$3,815$2,099
16 years$6,734$5,700$4,803$4,031$3,372$1,767
17 years$6,272$5,250$4,371$3,622$2,989$1,491
18 years$5,862$4,851$3,990$3,264$2,658$1,261
19 years$5,495$4,496$3,653$2,950$2,369$1,068
20 years$5,166$4,178$3,352$2,671$2,116$906
21 years$4,868$3,891$3,083$2,424$1,894$769
22 years$4,598$3,632$2,842$2,204$1,698$654
23 years$4,352$3,397$2,624$2,008$1,524$556
24 years$4,126$3,183$2,427$1,831$1,370$473
25 years$3,919$2,987$2,248$1,672$1,232$403
26 years$3,728$2,807$2,084$1,529$1,110$344
27 years$3,551$2,642$1,936$1,399$1,001$293
28 years$3,388$2,490$1,799$1,282$903$250
29 years$3,236$2,349$1,675$1,176$815$213
30 years$3,094$2,218$1,560$1,079$737$182
31 years$2,962$2,097$1,454$991$666$155
32 years$2,838$1,984$1,357$911$603$133
33 years$2,722$1,879$1,267$838$545$113
34 years$2,613$1,781$1,184$771$494$97
35 years$2,511$1,689$1,107$709$447$83
36 years$2,414$1,603$1,035$653$405$71
37 years$2,323$1,523$969$602$367$60
38 years$2,237$1,447$907$555$333$51
39 years$2,155$1,376$850$512$302$44
40 years$2,078$1,309$797$472$274$38
41 years$2,005$1,246$747$435$248$32
42 years$1,935$1,187$701$402$225$27
43 years$1,869$1,131$658$371$205$23
44 years$1,806$1,078$617$342$186$20
45 years$1,746$1,028$580$316$169$17
46 years$1,689$981$544$292$153$15
47 years$1,634$936$511$270$139$13
48 years$1,582$893$481$249$126$11
49 years$1,532$853$452$231$115$9
50 years$1,484$815$425$213$104$8

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 $5,961 every year, while hoping to spend $57,890 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: 35/45/20 Blend
56$1,520,000$1,520,000$1,520,000$1,520,000
57$1,681,189$1,600,629$1,577,069$1,729,595
58$1,791,076$1,617,465$1,568,306$1,782,481
59$1,910,230$1,633,186$1,557,310$1,833,712
60$2,039,538$1,647,676$1,543,943$1,887,792
61$2,179,970$1,660,812$1,528,065$1,945,009
62$2,332,597$1,672,462$1,509,525$2,005,681
63$2,498,596$1,682,486$1,488,168$2,070,166
64$2,679,261$1,690,736$1,463,830$2,138,858
65$2,876,016$1,697,053$1,436,339$2,212,197
66$3,090,430$1,701,268$1,405,516$2,290,671
67$3,324,228$1,703,204$1,371,175$2,374,822
68$3,579,307$1,702,670$1,333,118$2,465,253
69$3,857,760$1,699,464$1,291,140$2,562,632
70$4,161,885$1,693,371$1,245,027$2,667,702
71$4,494,216$1,684,165$1,194,555$2,781,285
72$4,857,542$1,671,605$1,139,487$2,904,295
73$5,254,931$1,655,433$1,079,580$3,037,745
74$5,689,764$1,635,380$1,014,577$3,182,757
75$6,165,764$1,611,157$944,209$3,340,576
76$6,687,028$1,582,460$868,196$3,512,581
77$7,258,071$1,548,967$786,246$3,700,301
78$7,883,862$1,510,334$698,053$3,905,428
79$8,569,876$1,466,201$603,298$4,129,837
80$9,322,142$1,416,183$501,648$4,375,604
81$10,147,301$1,359,877$392,753$4,645,027
82$11,052,666$1,296,851$276,251$4,940,650
83$12,046,295$1,226,653$151,762$5,265,287
84$13,137,060$1,148,803$18,890$5,622,052
85$14,334,739$1,062,792$0$6,014,393
86$15,650,097$968,085$0$6,472,347
87$17,094,999$864,112$0$6,979,907
88$18,682,511$750,276$0$7,537,796
89$20,427,030$625,942$0$8,151,265
90$22,344,415$490,442$0$8,826,116
91$24,452,139$343,067$0$9,568,752
92$26,769,452$183,072$0$10,386,246
93$29,317,561$9,667$0$11,286,404
94$32,119,832$0$0$12,277,845
95$35,202,010$0$0$13,458,213
96$38,592,457$0$0$14,762,154
97$42,322,424$0$0$16,196,929
98$46,426,345$0$0$17,775,816
99$50,942,158$0$0$19,513,444
100$55,911,663$0$0$21,425,931