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

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$129,649$128,494$127,368$126,268$125,194$123,938
2 years$64,183$62,987$61,829$60,706$59,616$58,351
3 years$42,363$41,163$40,007$38,895$37,823$36,588
4 years$31,456$30,259$29,115$28,021$26,976$25,781
5 years$24,913$23,724$22,595$21,523$20,506$19,355
6 years$20,553$19,372$18,260$17,212$16,226$15,119
7 years$17,439$16,269$15,174$14,151$13,196$12,134
8 years$15,105$13,945$12,869$11,871$10,947$9,930
9 years$13,291$12,142$11,084$10,111$9,219$8,247
10 years$11,840$10,702$9,663$8,716$7,855$6,927
11 years$10,654$9,528$8,507$7,586$6,756$5,871
12 years$9,667$8,552$7,550$6,654$5,854$5,012
13 years$8,831$7,728$6,745$5,874$5,105$4,304
14 years$8,116$7,025$6,061$5,214$4,475$3,715
15 years$7,497$6,417$5,472$4,650$3,940$3,219
16 years$6,956$5,888$4,961$4,164$3,482$2,799
17 years$6,479$5,422$4,515$3,741$3,088$2,441
18 years$6,055$5,010$4,121$3,372$2,746$2,135
19 years$5,676$4,644$3,773$3,047$2,447$1,870
20 years$5,336$4,315$3,462$2,759$2,186$1,642
21 years$5,028$4,019$3,185$2,504$1,956$1,444
22 years$4,749$3,752$2,935$2,277$1,753$1,271
23 years$4,495$3,509$2,710$2,074$1,574$1,121
24 years$4,262$3,288$2,506$1,891$1,415$989
25 years$4,048$3,085$2,321$1,727$1,273$874
26 years$3,850$2,900$2,153$1,579$1,147$773
27 years$3,668$2,729$1,999$1,446$1,034$684
28 years$3,499$2,572$1,859$1,324$933$605
29 years$3,342$2,426$1,730$1,215$842$536
30 years$3,196$2,291$1,611$1,115$761$475
31 years$3,059$2,166$1,502$1,024$688$421
32 years$2,931$2,049$1,401$941$622$374
33 years$2,812$1,941$1,308$865$563$332
34 years$2,699$1,839$1,223$796$510$294
35 years$2,593$1,745$1,143$733$462$261
36 years$2,494$1,656$1,069$675$419$232
37 years$2,399$1,573$1,001$622$379$206
38 years$2,310$1,495$937$573$344$183
39 years$2,226$1,421$878$528$312$163
40 years$2,146$1,352$823$487$283$145
41 years$2,071$1,287$772$450$257$128
42 years$1,999$1,226$724$415$233$114
43 years$1,930$1,168$679$383$211$102
44 years$1,865$1,113$638$354$192$90
45 years$1,803$1,062$599$327$174$80
46 years$1,744$1,013$562$302$158$71
47 years$1,688$967$528$279$144$63
48 years$1,634$923$496$258$130$56
49 years$1,582$881$467$238$118$50
50 years$1,533$842$439$220$108$45

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 $5,409 every year, while hoping to spend $44,242 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: 76/15/9 Blend
56$1,570,000$1,570,000$1,570,000$1,570,000
57$1,735,719$1,652,509$1,628,174$1,864,676
58$1,865,690$1,686,409$1,635,645$1,984,185
59$2,007,434$1,720,487$1,641,883$2,108,972
60$2,162,107$1,754,706$1,646,801$2,244,490
61$2,330,979$1,789,023$1,650,306$2,391,788
62$2,515,448$1,823,395$1,652,300$2,552,021
63$2,717,054$1,857,772$1,652,683$2,726,463
64$2,937,493$1,892,102$1,651,347$2,916,515
65$3,178,631$1,926,328$1,648,181$3,123,720
66$3,442,522$1,960,389$1,643,066$3,349,780
67$3,731,430$1,994,219$1,635,879$3,596,567
68$4,047,846$2,027,746$1,626,491$3,866,147
69$4,394,514$2,060,894$1,614,767$4,160,792
70$4,774,457$2,093,580$1,600,564$4,483,007
71$5,191,003$2,125,717$1,583,734$4,835,553
72$5,647,818$2,157,209$1,564,121$5,221,470
73$6,148,938$2,187,955$1,541,562$5,644,109
74$6,698,812$2,217,847$1,515,887$6,107,162
75$7,302,337$2,246,768$1,486,915$6,614,697
76$7,964,909$2,274,594$1,454,461$7,171,195
77$8,692,473$2,301,192$1,418,329$7,781,596
78$9,491,575$2,326,420$1,378,312$8,451,342
79$10,369,428$2,350,127$1,334,198$9,186,431
80$11,333,979$2,372,152$1,285,763$9,993,472
81$12,393,979$2,392,322$1,232,771$10,879,746
82$13,559,074$2,410,455$1,174,977$11,853,280
83$14,839,887$2,426,354$1,112,126$12,922,917
84$16,248,123$2,439,814$1,043,951$14,098,402
85$17,796,679$2,450,611$970,170$15,390,476
86$19,499,761$2,458,512$890,491$16,810,975
87$21,373,024$2,463,267$804,610$18,372,940
88$23,433,715$2,464,609$712,207$20,090,747
89$25,700,836$2,462,257$612,948$21,980,234
90$28,195,326$2,455,912$506,486$24,058,859
91$30,940,253$2,445,256$392,458$26,345,859
92$33,961,037$2,429,951$270,483$28,862,435
93$37,285,684$2,409,640$140,165$31,631,950
94$40,945,054$2,383,944$1,092$34,680,152
95$44,973,152$2,352,459$0$38,035,418
96$49,407,444$2,314,760$0$41,743,166
97$54,289,216$2,270,396$0$45,824,742
98$59,663,958$2,218,887$0$50,318,065
99$65,581,797$2,159,728$0$55,265,038
100$72,097,967$2,092,381$0$60,711,837