Can I retire at age 57 with 1,610,000?

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 $1,610,000?

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$132,952$131,768$130,613$129,485$128,384$126,937
2 years$65,818$64,592$63,404$62,252$61,135$59,679
3 years$43,443$42,212$41,027$39,886$38,787$37,366
4 years$32,257$31,030$29,857$28,735$27,663$26,289
5 years$25,548$24,328$23,170$22,072$21,029$19,705
6 years$21,076$19,866$18,725$17,651$16,639$15,368
7 years$17,884$16,683$15,561$14,512$13,532$12,313
8 years$15,490$14,300$13,197$12,173$11,226$10,060
9 years$13,630$12,451$11,366$10,369$9,454$8,340
10 years$12,142$10,975$9,909$8,938$8,055$6,992
11 years$10,926$9,770$8,724$7,779$6,928$5,915
12 years$9,913$8,769$7,742$6,823$6,004$5,040
13 years$9,056$7,925$6,917$6,024$5,235$4,320
14 years$8,323$7,204$6,215$5,347$4,589$3,721
15 years$7,688$6,581$5,611$4,769$4,041$3,218
16 years$7,133$6,038$5,088$4,270$3,571$2,792
17 years$6,644$5,560$4,630$3,837$3,166$2,430
18 years$6,209$5,138$4,226$3,458$2,815$2,120
19 years$5,821$4,762$3,869$3,124$2,509$1,854
20 years$5,472$4,425$3,551$2,830$2,242$1,624
21 years$5,157$4,122$3,266$2,568$2,006$1,425
22 years$4,870$3,847$3,010$2,335$1,798$1,252
23 years$4,609$3,598$2,779$2,126$1,614$1,101
24 years$4,370$3,372$2,570$1,939$1,451$970
25 years$4,151$3,164$2,381$1,771$1,305$855
26 years$3,949$2,974$2,208$1,619$1,176$754
27 years$3,762$2,799$2,050$1,482$1,060$665
28 years$3,588$2,637$1,906$1,358$957$588
29 years$3,427$2,488$1,774$1,245$864$519
30 years$3,277$2,349$1,652$1,143$780$459
31 years$3,137$2,221$1,540$1,050$706$406
32 years$3,006$2,102$1,437$965$638$359
33 years$2,883$1,990$1,342$887$578$318
34 years$2,768$1,886$1,254$816$523$282
35 years$2,659$1,789$1,172$751$474$249
36 years$2,557$1,698$1,096$692$429$221
37 years$2,461$1,613$1,026$638$389$196
38 years$2,369$1,533$961$588$353$173
39 years$2,283$1,457$900$542$320$154
40 years$2,201$1,387$844$500$290$136
41 years$2,123$1,320$791$461$263$121
42 years$2,050$1,257$742$426$239$107
43 years$1,980$1,198$697$393$217$95
44 years$1,913$1,142$654$363$197$84
45 years$1,849$1,089$614$335$179$75
46 years$1,789$1,039$577$309$162$66
47 years$1,731$991$542$286$147$59
48 years$1,675$946$509$264$134$52
49 years$1,623$904$479$244$121$46
50 years$1,572$863$450$226$110$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,610,000, adding $6,621 every year, while hoping to spend $48,235 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: 41/50/9 Blend
56$1,610,000$1,610,000$1,610,000$1,610,000
57$1,781,050$1,695,720$1,670,765$1,849,051
58$1,911,395$1,727,488$1,675,414$1,929,071
59$2,053,419$1,759,197$1,678,602$2,010,280
60$2,208,262$1,790,792$1,680,229$2,097,080
61$2,377,179$1,822,214$1,680,191$2,189,997
62$2,561,551$1,853,403$1,678,377$2,289,612
63$2,762,898$1,884,289$1,674,672$2,396,567
64$2,982,896$1,914,801$1,668,955$2,511,569
65$3,223,386$1,944,861$1,661,100$2,635,398
66$3,486,397$1,974,385$1,650,973$2,768,915
67$3,774,164$2,003,284$1,638,434$2,913,068
68$4,089,145$2,031,462$1,623,339$3,068,906
69$4,434,051$2,058,816$1,605,533$3,237,585
70$4,811,862$2,085,236$1,584,857$3,420,380
71$5,225,865$2,110,606$1,561,143$3,618,698
72$5,679,677$2,134,799$1,534,215$3,834,092
73$6,177,282$2,157,682$1,503,889$4,068,274
74$6,723,068$2,179,112$1,469,973$4,323,136
75$7,321,870$2,198,937$1,432,265$4,600,761
76$7,979,010$2,216,995$1,390,556$4,903,451
77$8,700,353$2,233,112$1,344,623$5,233,745
78$9,492,359$2,247,104$1,294,238$5,594,444
79$10,362,144$2,258,776$1,239,159$5,988,637
80$11,317,545$2,267,919$1,179,134$6,419,734
81$12,367,200$2,274,312$1,113,899$6,891,496
82$13,520,619$2,277,719$1,043,181$7,408,072
83$14,788,285$2,277,889$966,690$7,974,039
84$16,181,742$2,274,558$884,126$8,594,447
85$17,713,711$2,267,443$795,175$9,274,867
86$19,398,206$2,256,244$699,510$10,021,442
87$21,250,667$2,240,643$596,788$10,840,951
88$23,288,105$2,220,305$486,650$11,740,870
89$25,529,263$2,194,871$368,724$12,729,445
90$27,994,790$2,163,962$242,618$13,815,771
91$30,707,440$2,127,177$107,927$15,009,881
92$33,692,281$2,084,091$0$16,322,839
93$36,976,936$2,034,254$0$17,770,287
94$40,591,838$1,977,187$0$19,373,528
95$44,570,524$1,912,387$0$21,137,073
96$48,949,942$1,839,319$0$23,077,336
97$53,770,807$1,757,417$0$25,212,418
98$59,077,982$1,666,083$0$27,562,272
99$64,920,899$1,564,684$0$30,148,903
100$71,354,028$1,452,550$0$32,996,569