Can I retire at age 57 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$131,301$130,131$128,990$127,876$126,789$125,360
2 years$65,000$63,790$62,617$61,479$60,376$58,938
3 years$42,903$41,687$40,517$39,390$38,305$36,902
4 years$31,857$30,645$29,486$28,378$27,319$25,962
5 years$25,231$24,026$22,882$21,797$20,768$19,460
6 years$20,815$19,619$18,492$17,432$16,433$15,177
7 years$17,662$16,476$15,367$14,331$13,364$12,160
8 years$15,298$14,123$13,033$12,022$11,087$9,935
9 years$13,460$12,296$11,225$10,240$9,337$8,236
10 years$11,991$10,839$9,786$8,827$7,955$6,906
11 years$10,790$9,649$8,616$7,682$6,842$5,842
12 years$9,790$8,661$7,646$6,738$5,929$4,978
13 years$8,944$7,827$6,831$5,949$5,170$4,266
14 years$8,220$7,114$6,138$5,281$4,532$3,675
15 years$7,593$6,499$5,542$4,710$3,991$3,178
16 years$7,044$5,963$5,024$4,217$3,527$2,758
17 years$6,561$5,491$4,572$3,789$3,127$2,400
18 years$6,132$5,074$4,174$3,415$2,781$2,094
19 years$5,749$4,703$3,821$3,085$2,478$1,831
20 years$5,404$4,370$3,507$2,794$2,214$1,604
21 years$5,092$4,071$3,225$2,536$1,981$1,407
22 years$4,810$3,800$2,973$2,306$1,776$1,236
23 years$4,552$3,554$2,745$2,100$1,594$1,087
24 years$4,316$3,330$2,538$1,915$1,433$958
25 years$4,099$3,125$2,351$1,749$1,289$844
26 years$3,900$2,937$2,180$1,599$1,161$744
27 years$3,715$2,764$2,025$1,464$1,047$657
28 years$3,544$2,604$1,882$1,341$945$580
29 years$3,385$2,457$1,752$1,230$853$513
30 years$3,237$2,320$1,632$1,129$771$453
31 years$3,098$2,193$1,521$1,037$697$401
32 years$2,969$2,075$1,419$953$630$355
33 years$2,847$1,965$1,325$876$570$314
34 years$2,734$1,863$1,238$806$517$278
35 years$2,626$1,767$1,158$742$468$246
36 years$2,525$1,677$1,083$683$424$218
37 years$2,430$1,593$1,014$630$384$193
38 years$2,340$1,514$949$580$348$171
39 years$2,255$1,439$889$535$316$152
40 years$2,174$1,369$833$494$286$134
41 years$2,097$1,304$782$455$260$119
42 years$2,024$1,241$733$420$236$106
43 years$1,955$1,183$688$388$214$94
44 years$1,889$1,128$646$358$194$83
45 years$1,826$1,075$606$331$176$74
46 years$1,766$1,026$569$306$160$65
47 years$1,709$979$535$282$145$58
48 years$1,655$934$503$261$132$51
49 years$1,602$892$473$241$120$46
50 years$1,552$852$444$223$109$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,590,000, adding $6,980 every year, while hoping to spend $41,557 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: 43/48/9 Blend
56$1,590,000$1,590,000$1,590,000$1,590,000
57$1,759,380$1,675,110$1,650,465$1,830,162
58$1,894,620$1,712,974$1,661,539$1,917,962
59$2,042,262$1,751,301$1,671,592$2,008,255
60$2,203,527$1,790,068$1,680,544$2,105,126
61$2,379,759$1,829,254$1,688,314$2,209,193
62$2,572,438$1,868,831$1,694,817$2,321,137
63$2,783,194$1,908,771$1,699,960$2,441,705
64$3,013,820$1,949,041$1,703,649$2,571,724
65$3,266,293$1,989,606$1,705,784$2,712,103
66$3,542,787$2,030,429$1,706,260$2,863,843
67$3,845,698$2,071,467$1,704,967$3,028,050
68$4,177,665$2,112,675$1,701,789$3,205,939
69$4,541,593$2,154,003$1,696,605$3,398,851
70$4,940,683$2,195,397$1,689,289$3,608,264
71$5,378,460$2,236,798$1,679,707$3,835,806
72$5,858,805$2,278,143$1,667,720$4,083,272
73$6,385,995$2,319,364$1,653,180$4,352,641
74$6,964,741$2,360,387$1,635,936$4,646,094
75$7,600,231$2,401,133$1,615,827$4,966,034
76$8,298,182$2,441,515$1,592,684$5,315,111
77$9,064,889$2,481,442$1,566,331$5,696,247
78$9,907,290$2,520,815$1,536,585$6,112,662
79$10,833,025$2,559,527$1,503,253$6,567,905
80$11,850,514$2,597,464$1,466,132$7,065,890
81$12,969,032$2,634,505$1,425,013$7,610,931
82$14,198,796$2,670,518$1,379,673$8,207,783
83$15,551,063$2,705,365$1,329,883$8,861,690
84$17,038,238$2,738,894$1,275,401$9,578,430
85$18,673,985$2,770,946$1,215,973$10,364,376
86$20,473,361$2,801,352$1,151,337$11,226,553
87$22,452,953$2,829,928$1,081,217$12,172,702
88$24,631,041$2,856,480$1,005,324$13,211,362
89$27,027,761$2,880,802$923,357$14,351,943
90$29,665,305$2,902,673$835,001$15,604,820
91$32,568,120$2,921,858$739,927$16,981,429
92$35,763,146$2,938,107$637,793$18,494,379
93$39,280,067$2,951,155$528,239$20,157,568
94$43,151,590$2,960,717$410,891$21,986,318
95$47,413,754$2,966,495$285,358$23,997,520
96$52,106,272$2,968,167$151,232$26,209,791
97$57,272,900$2,965,396$8,087$28,643,658
98$62,961,855$2,957,820$0$31,321,745
99$69,226,268$2,945,057$0$34,282,887
100$76,124,684$2,926,701$0$37,542,416