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%14.9%
1 years$128,823$127,676$126,556$125,464$124,397$121,885
2 years$63,774$62,586$61,435$60,319$59,236$56,717
3 years$42,094$40,901$39,753$38,647$37,582$35,133
4 years$31,256$30,066$28,930$27,843$26,804$24,445
5 years$24,754$23,572$22,451$21,386$20,376$18,113
6 years$20,422$19,249$18,143$17,103$16,123$13,959
7 years$17,328$16,165$15,077$14,061$13,112$11,048
8 years$15,009$13,856$12,787$11,795$10,878$8,912
9 years$13,206$12,064$11,013$10,047$9,161$7,292
10 years$11,765$10,634$9,602$8,661$7,805$6,032
11 years$10,586$9,467$8,453$7,537$6,713$5,033
12 years$9,605$8,497$7,502$6,611$5,817$4,229
13 years$8,775$7,679$6,702$5,837$5,073$3,572
14 years$8,065$6,980$6,022$5,181$4,447$3,032
15 years$7,449$6,376$5,437$4,621$3,915$2,583
16 years$6,911$5,850$4,930$4,137$3,460$2,207
17 years$6,437$5,388$4,486$3,717$3,068$1,891
18 years$6,016$4,979$4,095$3,350$2,728$1,624
19 years$5,640$4,614$3,749$3,027$2,432$1,397
20 years$5,302$4,288$3,440$2,742$2,172$1,204
21 years$4,996$3,994$3,164$2,488$1,944$1,039
22 years$4,719$3,728$2,917$2,262$1,742$898
23 years$4,466$3,487$2,693$2,060$1,564$776
24 years$4,235$3,267$2,491$1,879$1,406$672
25 years$4,022$3,066$2,307$1,716$1,265$582
26 years$3,826$2,881$2,139$1,569$1,139$504
27 years$3,645$2,712$1,987$1,436$1,027$437
28 years$3,477$2,555$1,847$1,316$927$379
29 years$3,321$2,411$1,719$1,207$837$329
30 years$3,175$2,276$1,601$1,108$756$286
31 years$3,040$2,152$1,492$1,017$684$248
32 years$2,913$2,036$1,392$935$618$216
33 years$2,794$1,928$1,300$860$560$188
34 years$2,682$1,828$1,215$791$507$163
35 years$2,577$1,733$1,136$728$459$142
36 years$2,478$1,645$1,062$671$416$123
37 years$2,384$1,563$994$618$377$107
38 years$2,296$1,485$931$569$342$93
39 years$2,212$1,412$872$525$310$81
40 years$2,133$1,344$818$484$281$70
41 years$2,058$1,279$767$447$255$61
42 years$1,986$1,218$719$412$231$53
43 years$1,918$1,161$675$381$210$46
44 years$1,854$1,106$634$351$191$40
45 years$1,792$1,055$595$325$173$35
46 years$1,733$1,006$559$300$157$31
47 years$1,677$960$525$277$143$27
48 years$1,623$917$493$256$130$23
49 years$1,572$875$464$237$118$20
50 years$1,523$836$436$219$107$18

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 $6,426 every year, while hoping to spend $38,683 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: 42/41/17 Blend
56$1,560,000$1,560,000$1,560,000$1,560,000
57$1,725,748$1,643,068$1,618,888$1,789,388
58$1,860,616$1,682,420$1,631,963$1,874,312
59$2,007,944$1,722,404$1,644,179$1,961,933
60$2,168,962$1,763,010$1,655,466$2,055,998
61$2,345,025$1,804,225$1,665,753$2,157,115
62$2,537,623$1,846,038$1,674,961$2,265,956
63$2,748,398$1,888,431$1,683,010$2,383,259
64$2,979,158$1,931,388$1,689,814$2,509,839
65$3,231,895$1,974,888$1,695,285$2,646,592
66$3,508,799$2,018,909$1,699,328$2,794,509
67$3,812,286$2,063,425$1,701,846$2,954,677
68$4,145,015$2,108,409$1,702,733$3,128,297
69$4,509,914$2,153,829$1,701,882$3,316,694
70$4,910,210$2,199,650$1,699,180$3,521,324
71$5,349,454$2,245,836$1,694,505$3,743,796
72$5,831,561$2,292,345$1,687,734$3,985,881
73$6,360,842$2,339,131$1,678,735$4,249,532
74$6,942,045$2,386,146$1,667,369$4,536,901
75$7,580,401$2,433,334$1,653,493$4,850,362
76$8,281,673$2,480,639$1,636,956$5,192,529
77$9,052,209$2,527,995$1,617,600$5,566,285
78$9,899,002$2,575,335$1,595,257$5,974,810
79$10,829,757$2,622,583$1,569,755$6,421,607
80$11,852,963$2,669,661$1,540,913$6,910,538
81$12,977,971$2,716,479$1,508,539$7,445,861
82$14,215,083$2,762,947$1,472,434$8,032,270
83$15,575,652$2,808,961$1,432,391$8,674,938
84$17,072,184$2,854,416$1,388,192$9,379,570
85$18,718,458$2,899,194$1,339,608$10,152,453
86$20,529,657$2,943,171$1,286,401$11,000,520
87$22,522,509$2,986,212$1,228,322$11,931,411
88$24,715,445$3,028,177$1,165,110$12,953,551
89$27,128,772$3,068,909$1,096,494$14,076,224
90$29,784,868$3,108,247$1,022,188$15,309,668
91$32,708,389$3,146,015$941,895$16,665,167
92$35,926,500$3,182,026$855,304$18,155,159
93$39,469,137$3,216,079$762,091$19,793,358
94$43,369,285$3,247,963$661,916$21,594,878
95$47,663,287$3,277,448$554,426$23,576,382
96$52,391,194$3,304,295$439,251$25,756,237
97$57,597,134$3,328,243$316,004$28,154,690
98$63,329,734$3,349,020$184,283$30,794,058
99$69,642,577$3,366,332$43,666$33,698,941
100$76,594,706$3,379,868$0$36,896,458