Can I retire at age 57 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$127,172$126,039$124,934$123,855$122,802$120,668
2 years$62,956$61,784$60,647$59,546$58,477$56,334
3 years$41,554$40,376$39,243$38,152$37,100$35,015
4 years$30,855$29,681$28,559$27,486$26,460$24,449
5 years$24,437$23,270$22,163$21,112$20,115$18,183
6 years$20,160$19,002$17,911$16,883$15,916$14,066
7 years$17,106$15,958$14,884$13,881$12,944$11,176
8 years$14,817$13,679$12,623$11,644$10,738$9,052
9 years$13,037$11,910$10,872$9,918$9,043$7,438
10 years$11,614$10,498$9,478$8,550$7,705$6,180
11 years$10,451$9,346$8,345$7,441$6,627$5,179
12 years$9,482$8,388$7,406$6,527$5,743$4,371
13 years$8,663$7,580$6,617$5,762$5,008$3,710
14 years$7,961$6,890$5,945$5,115$4,390$3,163
15 years$7,354$6,295$5,368$4,562$3,865$2,708
16 years$6,823$5,775$4,866$4,084$3,416$2,325
17 years$6,355$5,319$4,428$3,670$3,029$2,002
18 years$5,939$4,915$4,042$3,307$2,693$1,728
19 years$5,568$4,555$3,701$2,988$2,400$1,495
20 years$5,234$4,233$3,396$2,707$2,144$1,295
21 years$4,932$3,943$3,124$2,456$1,919$1,123
22 years$4,658$3,680$2,879$2,233$1,720$976
23 years$4,409$3,442$2,658$2,034$1,544$848
24 years$4,180$3,225$2,459$1,855$1,388$738
25 years$3,970$3,026$2,277$1,694$1,249$643
26 years$3,777$2,844$2,112$1,549$1,125$560
27 years$3,598$2,677$1,961$1,418$1,014$489
28 years$3,432$2,522$1,823$1,299$915$426
29 years$3,278$2,380$1,697$1,191$826$372
30 years$3,135$2,247$1,580$1,093$747$325
31 years$3,001$2,124$1,473$1,004$675$284
32 years$2,875$2,010$1,375$923$611$248
33 years$2,758$1,904$1,283$849$553$217
34 years$2,648$1,804$1,199$781$500$190
35 years$2,544$1,711$1,121$719$453$166
36 years$2,446$1,624$1,049$662$411$145
37 years$2,354$1,543$982$610$372$127
38 years$2,266$1,466$919$562$337$111
39 years$2,184$1,394$861$518$306$97
40 years$2,105$1,326$807$478$277$85
41 years$2,031$1,263$757$441$252$74
42 years$1,961$1,202$710$407$228$65
43 years$1,894$1,146$666$376$207$57
44 years$1,830$1,092$625$347$188$50
45 years$1,769$1,041$587$320$171$44
46 years$1,711$993$552$296$155$38
47 years$1,656$948$518$273$141$33
48 years$1,603$905$487$253$128$29
49 years$1,552$864$458$234$116$26
50 years$1,504$826$430$216$106$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,540,000, adding $4,709 every year, while hoping to spend $22,543 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: 54/38/8 Blend
56$1,540,000$1,540,000$1,540,000$1,540,000
57$1,701,937$1,620,317$1,596,447$1,790,303
58$1,851,549$1,675,727$1,625,943$1,906,063
59$2,015,666$1,733,097$1,655,671$2,029,110
60$2,195,744$1,792,498$1,685,615$2,162,485
61$2,393,385$1,854,006$1,715,759$2,307,169
62$2,610,357$1,917,699$1,746,083$2,464,245
63$2,848,604$1,983,657$1,776,568$2,634,899
64$3,110,271$2,051,965$1,807,192$2,820,440
65$3,397,717$2,122,710$1,837,932$3,022,305
66$3,713,544$2,195,983$1,868,762$3,242,076
67$4,060,618$2,271,878$1,899,658$3,481,494
68$4,442,094$2,350,493$1,930,589$3,742,474
69$4,861,450$2,431,929$1,961,526$4,027,123
70$5,322,517$2,516,294$1,992,437$4,337,761
71$5,829,518$2,603,696$2,023,288$4,676,942
72$6,387,102$2,694,250$2,054,041$5,047,475
73$7,000,392$2,788,075$2,084,658$5,452,453
74$7,675,036$2,885,294$2,115,097$5,895,282
75$8,417,252$2,986,036$2,145,315$6,379,711
76$9,233,894$3,090,434$2,175,266$6,909,867
77$10,132,514$3,198,627$2,204,899$7,490,297
78$11,121,430$3,310,760$2,234,163$8,126,003
79$12,209,811$3,426,982$2,263,003$8,822,497
80$13,407,758$3,547,450$2,291,359$9,585,847
81$14,726,400$3,672,327$2,319,171$10,422,737
82$16,178,002$3,801,780$2,346,373$11,340,525
83$17,776,077$3,935,986$2,372,895$12,347,319
84$19,535,515$4,075,127$2,398,665$13,452,046
85$21,472,724$4,219,395$2,423,606$14,664,540
86$23,605,782$4,368,985$2,447,638$15,995,630
87$25,954,612$4,524,106$2,470,673$17,457,248
88$28,541,165$4,684,970$2,492,624$19,062,534
89$31,389,630$4,851,800$2,513,394$20,825,965
90$34,526,664$5,024,829$2,532,883$22,763,486
91$37,981,636$5,204,298$2,550,987$24,892,663
92$41,786,913$5,390,459$2,567,595$27,232,848
93$45,978,159$5,583,573$2,582,591$29,805,360
94$50,594,675$5,783,912$2,595,852$32,633,683
95$55,679,769$5,991,760$2,607,249$35,743,691
96$61,281,161$6,207,412$2,616,649$39,163,890
97$67,451,441$6,431,177$2,623,907$42,925,685
98$74,248,556$6,663,373$2,628,877$47,063,674
99$81,736,365$6,904,334$2,631,400$51,615,980
100$89,985,236$7,154,408$2,631,314$56,624,601