Can I retire at age 57 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$130,475$129,313$128,179$127,072$125,991$122,548
2 years$64,592$63,389$62,223$61,092$59,996$56,552
3 years$42,633$41,425$40,262$39,142$38,064$34,727
4 years$31,656$30,452$29,301$28,200$27,147$23,944
5 years$25,072$23,875$22,738$21,660$20,637$17,575
6 years$20,684$19,495$18,376$17,322$16,329$13,412
7 years$17,550$16,372$15,271$14,241$13,280$10,507
8 years$15,202$14,034$12,951$11,947$11,017$8,387
9 years$13,376$12,219$11,154$10,176$9,278$6,789
10 years$11,916$10,771$9,725$8,772$7,905$5,554
11 years$10,722$9,588$8,561$7,634$6,799$4,581
12 years$9,728$8,606$7,598$6,696$5,892$3,804
13 years$8,888$7,777$6,788$5,912$5,138$3,175
14 years$8,168$7,069$6,099$5,248$4,504$2,662
15 years$7,545$6,458$5,507$4,680$3,965$2,239
16 years$7,000$5,925$4,993$4,190$3,505$1,889
17 years$6,520$5,457$4,543$3,765$3,107$1,598
18 years$6,093$5,042$4,147$3,393$2,763$1,354
19 years$5,712$4,673$3,797$3,066$2,463$1,149
20 years$5,370$4,343$3,484$2,777$2,200$977
21 years$5,060$4,045$3,205$2,520$1,969$831
22 years$4,779$3,776$2,954$2,291$1,765$708
23 years$4,523$3,531$2,727$2,087$1,584$604
24 years$4,289$3,309$2,522$1,903$1,424$515
25 years$4,073$3,105$2,336$1,738$1,281$440
26 years$3,875$2,918$2,167$1,589$1,154$376
27 years$3,692$2,746$2,012$1,455$1,040$321
28 years$3,521$2,588$1,870$1,333$939$275
29 years$3,363$2,441$1,741$1,222$848$235
30 years$3,216$2,306$1,621$1,122$766$201
31 years$3,079$2,180$1,512$1,030$692$172
32 years$2,950$2,062$1,410$947$626$147
33 years$2,830$1,953$1,317$871$567$126
34 years$2,716$1,851$1,230$801$513$108
35 years$2,610$1,756$1,150$737$465$92
36 years$2,509$1,666$1,076$679$421$79
37 years$2,415$1,583$1,007$626$382$68
38 years$2,325$1,504$943$577$346$58
39 years$2,240$1,430$884$532$314$50
40 years$2,160$1,361$828$491$285$43
41 years$2,084$1,295$777$453$258$36
42 years$2,012$1,234$728$418$234$31
43 years$1,943$1,175$684$386$213$27
44 years$1,877$1,120$642$356$193$23
45 years$1,815$1,068$603$329$175$20
46 years$1,755$1,019$566$304$159$17
47 years$1,699$973$532$281$144$14
48 years$1,644$929$500$259$131$12
49 years$1,592$887$470$240$119$11
50 years$1,543$847$441$221$108$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,580,000, adding $3,645 every year, while hoping to spend $22,477 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: 42/47/11 Blend
56$1,580,000$1,580,000$1,580,000$1,580,000
57$1,744,920$1,661,180$1,636,690$1,812,436
58$1,898,986$1,718,662$1,667,604$1,917,524
59$2,068,014$1,778,208$1,698,800$2,028,713
60$2,253,506$1,839,894$1,730,264$2,148,611
61$2,457,116$1,903,802$1,761,980$2,278,020
62$2,680,668$1,970,014$1,793,932$2,417,823
63$2,926,169$2,038,618$1,826,102$2,568,991
64$3,195,832$2,109,704$1,858,470$2,732,590
65$3,492,093$2,183,365$1,891,015$2,909,791
66$3,817,636$2,259,700$1,923,714$3,101,884
67$4,175,419$2,338,810$1,956,543$3,310,283
68$4,568,701$2,420,800$1,989,476$3,536,546
69$5,001,070$2,505,781$2,022,484$3,782,386
70$5,476,481$2,593,866$2,055,539$4,049,685
71$5,999,290$2,685,174$2,088,609$4,340,516
72$6,574,299$2,779,829$2,121,658$4,657,156
73$7,206,796$2,877,959$2,154,652$5,002,114
74$7,902,608$2,979,698$2,187,552$5,378,148
75$8,668,156$3,085,184$2,220,316$5,788,293
76$9,510,513$3,194,563$2,252,902$6,235,890
77$10,437,474$3,307,986$2,285,263$6,724,615
78$11,457,627$3,425,607$2,317,350$7,258,516
79$12,580,434$3,547,592$2,349,111$7,842,047
80$13,816,324$3,674,109$2,380,491$8,480,110
81$15,176,783$3,805,335$2,411,432$9,178,105
82$16,674,472$3,941,453$2,441,872$9,941,973
83$18,323,339$4,082,656$2,471,746$10,778,258
84$20,138,756$4,229,141$2,500,985$11,694,165
85$22,137,657$4,381,117$2,529,516$12,697,626
86$24,338,706$4,538,800$2,557,263$13,797,378
87$26,762,466$4,702,414$2,584,144$15,003,038
88$29,431,599$4,872,193$2,610,073$16,325,202
89$32,371,072$5,048,381$2,634,961$17,775,536
90$35,608,402$5,231,232$2,658,713$19,366,890
91$39,173,907$5,421,010$2,681,228$21,113,416
92$43,100,997$5,617,991$2,702,400$23,030,701
93$47,426,488$5,822,462$2,722,120$25,135,913
94$52,190,948$6,034,721$2,740,269$27,447,965
95$57,439,082$6,255,080$2,756,726$29,987,686
96$63,220,153$6,483,864$2,771,361$32,778,023
97$69,588,445$6,721,409$2,784,038$35,844,252
98$76,603,778$6,968,070$2,794,615$39,214,217
99$84,332,070$7,224,212$2,802,941$42,918,593
100$92,845,961$7,490,218$2,808,859$46,991,172