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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$128,823$127,676$126,556$125,464$124,397$121,340
2 years$63,774$62,586$61,435$60,319$59,236$56,176
3 years$42,094$40,901$39,753$38,647$37,582$34,613
4 years$31,256$30,066$28,930$27,843$26,804$23,950
5 years$24,754$23,572$22,451$21,386$20,376$17,644
6 years$20,422$19,249$18,143$17,103$16,123$13,516
7 years$17,328$16,165$15,077$14,061$13,112$10,631
8 years$15,009$13,856$12,787$11,795$10,878$8,521
9 years$13,206$12,064$11,013$10,047$9,161$6,926
10 years$11,765$10,634$9,602$8,661$7,805$5,691
11 years$10,586$9,467$8,453$7,537$6,713$4,715
12 years$9,605$8,497$7,502$6,611$5,817$3,933
13 years$8,775$7,679$6,702$5,837$5,073$3,299
14 years$8,065$6,980$6,022$5,181$4,447$2,778
15 years$7,449$6,376$5,437$4,621$3,915$2,349
16 years$6,911$5,850$4,930$4,137$3,460$1,992
17 years$6,437$5,388$4,486$3,717$3,068$1,693
18 years$6,016$4,979$4,095$3,350$2,728$1,442
19 years$5,640$4,614$3,749$3,027$2,432$1,231
20 years$5,302$4,288$3,440$2,742$2,172$1,052
21 years$4,996$3,994$3,164$2,488$1,944$900
22 years$4,719$3,728$2,917$2,262$1,742$771
23 years$4,466$3,487$2,693$2,060$1,564$661
24 years$4,235$3,267$2,491$1,879$1,406$567
25 years$4,022$3,066$2,307$1,716$1,265$487
26 years$3,826$2,881$2,139$1,569$1,139$418
27 years$3,645$2,712$1,987$1,436$1,027$360
28 years$3,477$2,555$1,847$1,316$927$309
29 years$3,321$2,411$1,719$1,207$837$266
30 years$3,175$2,276$1,601$1,108$756$229
31 years$3,040$2,152$1,492$1,017$684$197
32 years$2,913$2,036$1,392$935$618$170
33 years$2,794$1,928$1,300$860$560$146
34 years$2,682$1,828$1,215$791$507$126
35 years$2,577$1,733$1,136$728$459$108
36 years$2,478$1,645$1,062$671$416$93
37 years$2,384$1,563$994$618$377$80
38 years$2,296$1,485$931$569$342$69
39 years$2,212$1,412$872$525$310$60
40 years$2,133$1,344$818$484$281$51
41 years$2,058$1,279$767$447$255$44
42 years$1,986$1,218$719$412$231$38
43 years$1,918$1,161$675$381$210$33
44 years$1,854$1,106$634$351$191$28
45 years$1,792$1,055$595$325$173$24
46 years$1,733$1,006$559$300$157$21
47 years$1,677$960$525$277$143$18
48 years$1,623$917$493$256$130$16
49 years$1,572$875$464$237$118$13
50 years$1,523$836$436$219$107$12

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 $2,318 every year, while hoping to spend $53,914 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: 36/49/15 Blend
56$1,560,000$1,560,000$1,560,000$1,560,000
57$1,721,511$1,638,831$1,614,651$1,775,487
58$1,839,741$1,661,770$1,611,378$1,837,604
59$1,968,224$1,684,025$1,606,188$1,899,330
60$2,107,947$1,705,508$1,598,960$1,964,805
61$2,260,001$1,726,120$1,589,568$2,034,393
62$2,425,580$1,745,759$1,577,878$2,108,494
63$2,606,003$1,764,315$1,563,750$2,187,554
64$2,802,719$1,781,670$1,547,039$2,272,064
65$3,017,323$1,797,699$1,527,592$2,362,569
66$3,251,572$1,812,268$1,505,249$2,459,673
67$3,507,398$1,825,235$1,479,841$2,564,043
68$3,786,930$1,836,449$1,451,193$2,676,419
69$4,092,511$1,845,749$1,419,121$2,797,619
70$4,426,719$1,852,962$1,383,433$2,928,548
71$4,792,394$1,857,907$1,343,928$3,070,209
72$5,192,664$1,860,391$1,300,396$3,223,710
73$5,630,972$1,860,206$1,252,615$3,390,277
74$6,111,110$1,857,135$1,200,357$3,571,266
75$6,637,254$1,850,946$1,143,380$3,768,179
76$7,214,004$1,841,392$1,081,433$3,982,674
77$7,846,424$1,828,212$1,014,252$4,216,586
78$8,540,093$1,811,128$941,564$4,471,944
79$9,301,157$1,789,848$863,081$4,750,989
80$10,136,384$1,764,059$778,503$5,056,200
81$11,053,229$1,733,432$687,516$5,390,318
82$12,059,904$1,697,616$589,794$5,756,370
83$13,165,456$1,656,241$484,994$6,157,701
84$14,379,852$1,608,916$372,760$6,598,009
85$15,714,068$1,555,224$252,719$7,081,378
86$17,180,200$1,494,727$124,482$7,612,320
87$18,791,571$1,426,959$0$8,195,820
88$20,562,860$1,351,429$0$8,839,361
89$22,510,239$1,267,616$0$9,568,436
90$24,651,524$1,174,971$0$10,369,884
91$27,006,346$1,072,910$0$11,251,194
92$29,596,331$960,821$0$12,220,629
93$32,445,308$838,052$0$13,287,307
94$35,579,530$703,917$0$14,461,292
95$39,027,924$557,691$0$15,753,684
96$42,822,362$398,607$0$17,176,735
97$46,997,960$225,856$0$18,743,958
98$51,593,412$38,584$0$20,470,265
99$56,651,353$0$0$22,372,106
100$62,218,759$0$0$24,556,115