Can I retire at age 57 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$129,649$128,494$127,368$126,268$125,194$122,516
2 years$64,183$62,987$61,829$60,706$59,616$56,931
3 years$42,363$41,163$40,007$38,895$37,823$35,215
4 years$31,456$30,259$29,115$28,021$26,976$24,464
5 years$24,913$23,724$22,595$21,523$20,506$18,099
6 years$20,553$19,372$18,260$17,212$16,226$13,925
7 years$17,439$16,269$15,174$14,151$13,196$11,002
8 years$15,105$13,945$12,869$11,871$10,947$8,860
9 years$13,291$12,142$11,084$10,111$9,219$7,237
10 years$11,840$10,702$9,663$8,716$7,855$5,975
11 years$10,654$9,528$8,507$7,586$6,756$4,976
12 years$9,667$8,552$7,550$6,654$5,854$4,173
13 years$8,831$7,728$6,745$5,874$5,105$3,518
14 years$8,116$7,025$6,061$5,214$4,475$2,980
15 years$7,497$6,417$5,472$4,650$3,940$2,533
16 years$6,956$5,888$4,961$4,164$3,482$2,160
17 years$6,479$5,422$4,515$3,741$3,088$1,847
18 years$6,055$5,010$4,121$3,372$2,746$1,582
19 years$5,676$4,644$3,773$3,047$2,447$1,358
20 years$5,336$4,315$3,462$2,759$2,186$1,168
21 years$5,028$4,019$3,185$2,504$1,956$1,005
22 years$4,749$3,752$2,935$2,277$1,753$867
23 years$4,495$3,509$2,710$2,074$1,574$748
24 years$4,262$3,288$2,506$1,891$1,415$646
25 years$4,048$3,085$2,321$1,727$1,273$558
26 years$3,850$2,900$2,153$1,579$1,147$482
27 years$3,668$2,729$1,999$1,446$1,034$417
28 years$3,499$2,572$1,859$1,324$933$361
29 years$3,342$2,426$1,730$1,215$842$313
30 years$3,196$2,291$1,611$1,115$761$271
31 years$3,059$2,166$1,502$1,024$688$235
32 years$2,931$2,049$1,401$941$622$203
33 years$2,812$1,941$1,308$865$563$176
34 years$2,699$1,839$1,223$796$510$153
35 years$2,593$1,745$1,143$733$462$133
36 years$2,494$1,656$1,069$675$419$115
37 years$2,399$1,573$1,001$622$379$100
38 years$2,310$1,495$937$573$344$86
39 years$2,226$1,421$878$528$312$75
40 years$2,146$1,352$823$487$283$65
41 years$2,071$1,287$772$450$257$56
42 years$1,999$1,226$724$415$233$49
43 years$1,930$1,168$679$383$211$43
44 years$1,865$1,113$638$354$192$37
45 years$1,803$1,062$599$327$174$32
46 years$1,744$1,013$562$302$158$28
47 years$1,688$967$528$279$144$24
48 years$1,634$923$496$258$130$21
49 years$1,582$881$467$238$118$18
50 years$1,533$842$439$220$108$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,570,000, adding $4,391 every year, while hoping to spend $33,785 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: 56/20/24 Blend
56$1,570,000$1,570,000$1,570,000$1,570,000
57$1,734,669$1,651,459$1,627,124$1,820,228
58$1,875,659$1,696,434$1,645,686$1,924,309
59$2,029,896$1,742,480$1,663,737$2,033,715
60$2,198,699$1,789,614$1,681,225$2,152,200
61$2,383,514$1,837,853$1,698,094$2,280,648
62$2,585,937$1,887,213$1,714,285$2,420,033
63$2,807,726$1,937,710$1,729,737$2,571,426
64$3,050,815$1,989,358$1,744,384$2,736,009
65$3,317,336$2,042,174$1,758,158$2,915,084
66$3,609,634$2,096,171$1,770,987$3,110,083
67$3,930,296$2,151,362$1,782,794$3,322,586
68$4,282,168$2,207,761$1,793,500$3,554,334
69$4,668,387$2,265,379$1,803,020$3,807,243
70$5,092,408$2,324,228$1,811,266$4,083,426
71$5,558,036$2,384,318$1,818,146$4,385,211
72$6,069,463$2,445,657$1,823,562$4,715,162
73$6,631,309$2,508,254$1,827,411$5,076,107
74$7,248,659$2,572,116$1,829,586$5,471,159
75$7,927,119$2,637,246$1,829,974$5,903,750
76$8,672,864$2,703,650$1,828,457$6,377,663
77$9,492,695$2,771,328$1,824,910$6,897,065
78$10,394,109$2,840,282$1,819,203$7,466,549
79$11,385,360$2,910,508$1,811,199$8,091,176
80$12,475,548$2,982,004$1,800,755$8,776,525
81$13,674,695$3,054,763$1,787,721$9,528,742
82$14,993,844$3,128,777$1,771,940$10,354,602
83$16,445,162$3,204,033$1,753,246$11,261,571
84$18,042,056$3,280,518$1,731,467$12,257,875
85$19,799,298$3,358,215$1,706,423$13,352,583
86$21,733,162$3,437,103$1,677,924$14,555,686
87$23,861,581$3,517,158$1,645,771$15,878,199
88$26,204,316$3,598,353$1,609,758$17,332,259
89$28,783,139$3,680,655$1,569,668$18,931,240
90$31,622,040$3,764,028$1,525,272$20,689,884
91$34,747,454$3,848,431$1,476,335$22,624,438
92$38,188,509$3,933,819$1,422,607$24,752,807
93$41,977,302$4,020,141$1,363,830$27,094,721
94$46,149,199$4,107,340$1,299,730$29,671,928
95$50,743,171$4,195,353$1,230,025$32,508,395
96$55,802,161$4,284,112$1,154,417$35,630,534
97$61,373,488$4,373,541$1,072,597$39,067,455
98$67,509,295$4,463,555$984,240$42,851,238
99$74,267,039$4,554,066$889,008$47,017,238
100$81,710,035$4,644,973$786,548$51,604,420