Can I retire at age 57 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$128,823$127,676$126,556$125,464$124,397$122,386
2 years$63,774$62,586$61,435$60,319$59,236$57,217
3 years$42,094$40,901$39,753$38,647$37,582$35,615
4 years$31,256$30,066$28,930$27,843$26,804$24,906
5 years$24,754$23,572$22,451$21,386$20,376$18,552
6 years$20,422$19,249$18,143$17,103$16,123$14,375
7 years$17,328$16,165$15,077$14,061$13,112$11,441
8 years$15,009$13,856$12,787$11,795$10,878$9,283
9 years$13,206$12,064$11,013$10,047$9,161$7,641
10 years$11,765$10,634$9,602$8,661$7,805$6,360
11 years$10,586$9,467$8,453$7,537$6,713$5,340
12 years$9,605$8,497$7,502$6,611$5,817$4,515
13 years$8,775$7,679$6,702$5,837$5,073$3,840
14 years$8,065$6,980$6,022$5,181$4,447$3,281
15 years$7,449$6,376$5,437$4,621$3,915$2,814
16 years$6,911$5,850$4,930$4,137$3,460$2,422
17 years$6,437$5,388$4,486$3,717$3,068$2,090
18 years$6,016$4,979$4,095$3,350$2,728$1,808
19 years$5,640$4,614$3,749$3,027$2,432$1,567
20 years$5,302$4,288$3,440$2,742$2,172$1,360
21 years$4,996$3,994$3,164$2,488$1,944$1,183
22 years$4,719$3,728$2,917$2,262$1,742$1,030
23 years$4,466$3,487$2,693$2,060$1,564$897
24 years$4,235$3,267$2,491$1,879$1,406$783
25 years$4,022$3,066$2,307$1,716$1,265$684
26 years$3,826$2,881$2,139$1,569$1,139$597
27 years$3,645$2,712$1,987$1,436$1,027$522
28 years$3,477$2,555$1,847$1,316$927$457
29 years$3,321$2,411$1,719$1,207$837$400
30 years$3,175$2,276$1,601$1,108$756$350
31 years$3,040$2,152$1,492$1,017$684$306
32 years$2,913$2,036$1,392$935$618$268
33 years$2,794$1,928$1,300$860$560$235
34 years$2,682$1,828$1,215$791$507$206
35 years$2,577$1,733$1,136$728$459$181
36 years$2,478$1,645$1,062$671$416$158
37 years$2,384$1,563$994$618$377$139
38 years$2,296$1,485$931$569$342$122
39 years$2,212$1,412$872$525$310$107
40 years$2,133$1,344$818$484$281$94
41 years$2,058$1,279$767$447$255$82
42 years$1,986$1,218$719$412$231$72
43 years$1,918$1,161$675$381$210$63
44 years$1,854$1,106$634$351$191$56
45 years$1,792$1,055$595$325$173$49
46 years$1,733$1,006$559$300$157$43
47 years$1,677$960$525$277$143$38
48 years$1,623$917$493$256$130$33
49 years$1,572$875$464$237$118$29
50 years$1,523$836$436$219$107$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,560,000, adding $3,753 every year, while hoping to spend $21,345 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: 53/20/27 Blend
56$1,560,000$1,560,000$1,560,000$1,560,000
57$1,722,991$1,640,311$1,616,131$1,801,159
58$1,876,025$1,697,976$1,647,561$1,913,346
59$2,043,954$1,757,750$1,679,328$2,032,883
60$2,228,273$1,819,716$1,711,421$2,162,546
61$2,430,631$1,883,956$1,743,828$2,303,312
62$2,652,845$1,950,560$1,776,536$2,456,256
63$2,896,915$2,019,616$1,809,529$2,622,561
64$3,165,044$2,091,222$1,842,793$2,803,530
65$3,459,661$2,165,474$1,876,309$3,000,598
66$3,783,440$2,242,476$1,910,059$3,215,342
67$4,139,328$2,322,334$1,944,022$3,449,500
68$4,530,570$2,405,159$1,978,178$3,704,986
69$4,960,744$2,491,068$2,012,503$3,983,906
70$5,433,789$2,580,179$2,046,971$4,288,580
71$5,954,047$2,672,619$2,081,555$4,621,562
72$6,526,300$2,768,518$2,116,228$4,985,665
73$7,155,819$2,868,012$2,150,958$5,383,987
74$7,848,410$2,971,242$2,185,712$5,819,940
75$8,610,470$3,078,355$2,220,456$6,297,282
76$9,449,048$3,189,504$2,255,151$6,820,151
77$10,371,910$3,304,850$2,289,758$7,393,106
78$11,387,615$3,424,557$2,324,236$8,021,168
79$12,505,592$3,548,801$2,358,537$8,709,868
80$13,736,230$3,677,760$2,392,616$9,465,300
81$15,090,978$3,811,622$2,426,421$10,294,175
82$16,582,450$3,950,584$2,459,899$11,203,886
83$18,224,547$4,094,850$2,492,992$12,202,580
84$20,032,584$4,244,630$2,525,640$13,299,230
85$22,023,438$4,400,148$2,557,780$14,503,721
86$24,215,707$4,561,633$2,589,344$15,826,946
87$26,629,882$4,729,327$2,620,260$17,280,902
88$29,288,545$4,903,478$2,650,454$18,878,811
89$32,216,577$5,084,350$2,679,845$20,635,238
90$35,441,398$5,272,213$2,708,349$22,566,231
91$38,993,220$5,467,351$2,735,878$24,689,471
92$42,905,337$5,670,060$2,762,339$27,024,440
93$47,214,437$5,880,648$2,787,633$29,592,602
94$51,960,947$6,099,437$2,811,656$32,417,608
95$57,189,416$6,326,761$2,834,298$35,525,518
96$62,948,935$6,562,971$2,855,446$38,945,045
97$69,293,600$6,808,430$2,874,977$42,707,827
98$76,283,023$7,063,519$2,892,765$46,848,725
99$83,982,893$7,328,634$2,908,674$51,406,152
100$92,465,599$7,604,188$2,922,566$56,422,435