Can I retire at age 57 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$126,346$125,221$124,123$123,051$122,004$118,383
2 years$62,548$61,383$60,254$59,159$58,097$54,479
3 years$41,284$40,114$38,988$37,904$36,859$33,358
4 years$30,655$29,488$28,373$27,308$26,288$22,930
5 years$24,278$23,119$22,019$20,975$19,984$16,778
6 years$20,029$18,878$17,795$16,774$15,813$12,761
7 years$16,995$15,854$14,787$13,791$12,860$9,964
8 years$14,721$13,590$12,541$11,569$10,669$7,925
9 years$12,952$11,832$10,801$9,854$8,984$6,392
10 years$11,539$10,430$9,417$8,494$7,655$5,209
11 years$10,383$9,285$8,291$7,392$6,584$4,280
12 years$9,420$8,334$7,358$6,484$5,705$3,540
13 years$8,606$7,531$6,574$5,725$4,975$2,943
14 years$7,910$6,846$5,906$5,082$4,361$2,457
15 years$7,306$6,254$5,333$4,532$3,840$2,058
16 years$6,778$5,738$4,835$4,058$3,394$1,729
17 years$6,313$5,284$4,399$3,646$3,009$1,456
18 years$5,901$4,883$4,016$3,286$2,676$1,228
19 years$5,532$4,525$3,677$2,969$2,385$1,038
20 years$5,200$4,205$3,374$2,689$2,130$878
21 years$4,900$3,917$3,104$2,440$1,906$744
22 years$4,628$3,656$2,860$2,219$1,709$631
23 years$4,380$3,420$2,641$2,021$1,534$535
24 years$4,153$3,204$2,443$1,843$1,379$455
25 years$3,945$3,007$2,262$1,683$1,241$386
26 years$3,752$2,826$2,098$1,539$1,117$328
27 years$3,575$2,660$1,948$1,409$1,007$279
28 years$3,410$2,506$1,811$1,291$909$238
29 years$3,257$2,364$1,686$1,184$821$202
30 years$3,114$2,233$1,570$1,086$742$172
31 years$2,981$2,111$1,464$998$671$147
32 years$2,857$1,997$1,366$917$607$125
33 years$2,740$1,891$1,275$843$549$106
34 years$2,630$1,793$1,191$776$497$91
35 years$2,527$1,700$1,114$714$450$77
36 years$2,430$1,614$1,042$658$408$66
37 years$2,338$1,533$975$606$370$56
38 years$2,252$1,457$913$559$335$48
39 years$2,170$1,385$856$515$304$41
40 years$2,092$1,318$802$475$276$35
41 years$2,018$1,254$752$438$250$30
42 years$1,948$1,195$705$404$227$25
43 years$1,881$1,138$662$373$206$21
44 years$1,818$1,085$621$345$187$18
45 years$1,757$1,035$583$318$170$16
46 years$1,700$987$548$294$154$13
47 years$1,645$942$515$272$140$11
48 years$1,592$899$484$251$127$10
49 years$1,542$859$455$232$115$8
50 years$1,494$820$428$214$105$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,530,000, adding $4,208 every year, while hoping to spend $41,491 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: 33/43/24 Blend
56$1,530,000$1,530,000$1,530,000$1,530,000
57$1,690,401$1,609,311$1,585,596$1,733,661
58$1,818,675$1,644,021$1,594,567$1,801,235
59$1,958,643$1,679,041$1,602,448$1,869,975
60$2,111,454$1,714,343$1,609,159$1,943,224
61$2,278,372$1,749,895$1,614,615$2,021,408
62$2,460,789$1,785,663$1,618,728$2,104,996
63$2,660,238$1,821,609$1,621,404$2,194,504
64$2,878,407$1,857,693$1,622,546$2,290,505
65$3,117,155$1,893,870$1,622,051$2,393,629
66$3,378,527$1,930,092$1,619,812$2,504,571
67$3,664,776$1,966,306$1,615,716$2,624,100
68$3,978,385$2,002,457$1,609,644$2,753,063
69$4,322,086$2,038,483$1,601,473$2,892,395
70$4,698,888$2,074,318$1,591,071$3,043,130
71$5,112,106$2,109,891$1,578,304$3,206,407
72$5,565,392$2,145,126$1,563,028$3,383,484
73$6,062,766$2,179,942$1,545,093$3,575,749
74$6,608,657$2,214,248$1,524,344$3,784,735
75$7,207,946$2,247,952$1,500,615$4,012,133
76$7,866,006$2,280,951$1,473,735$4,259,808
77$8,588,758$2,313,137$1,443,524$4,529,822
78$9,382,724$2,344,393$1,409,795$4,824,445
79$10,255,088$2,374,595$1,372,350$5,146,187
80$11,213,767$2,403,610$1,330,983$5,497,814
81$12,267,479$2,431,295$1,285,479$5,882,381
82$13,425,833$2,457,499$1,235,613$6,303,257
83$14,699,411$2,482,060$1,181,149$6,764,160
84$16,099,874$2,504,804$1,121,841$7,269,190
85$17,640,071$2,525,549$1,057,432$7,822,875
86$19,334,154$2,544,097$987,652$8,430,205
87$21,197,720$2,560,240$912,221$9,096,690
88$23,247,952$2,573,756$830,845$9,828,403
89$25,503,781$2,584,408$743,216$10,632,049
90$27,986,068$2,591,946$649,015$11,515,020
91$30,717,796$2,596,100$547,906$12,485,471
92$33,724,291$2,596,589$439,541$13,552,397
93$37,033,457$2,593,110$323,554$14,725,720
94$40,676,040$2,585,343$199,563$16,016,382
95$44,685,920$2,572,948$67,172$17,436,452
96$49,100,426$2,555,565$0$18,999,241
97$53,960,693$2,532,811$0$20,738,405
98$59,312,046$2,504,281$0$22,670,746
99$65,204,429$2,469,545$0$24,797,010
100$71,692,875$2,428,148$0$27,137,007