Can I retire at age 57 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$133,778$132,586$131,424$130,289$129,181$126,058
2 years$66,227$64,993$63,798$62,639$61,515$58,387
3 years$43,713$42,474$41,282$40,133$39,028$35,993
4 years$32,458$31,223$30,042$28,914$27,835$24,917
5 years$25,707$24,479$23,314$22,209$21,160$18,366
6 years$21,207$19,989$18,841$17,760$16,743$14,077
7 years$17,995$16,787$15,657$14,602$13,616$11,078
8 years$15,586$14,389$13,279$12,249$11,296$8,885
9 years$13,714$12,528$11,437$10,434$9,513$7,227
10 years$12,217$11,043$9,971$8,994$8,106$5,941
11 years$10,994$9,831$8,778$7,827$6,971$4,926
12 years$9,974$8,824$7,790$6,866$6,041$4,112
13 years$9,113$7,974$6,960$6,061$5,268$3,450
14 years$8,375$7,248$6,254$5,381$4,618$2,908
15 years$7,736$6,622$5,646$4,798$4,066$2,460
16 years$7,177$6,075$5,119$4,297$3,593$2,088
17 years$6,685$5,595$4,658$3,860$3,186$1,776
18 years$6,248$5,170$4,252$3,479$2,833$1,514
19 years$5,857$4,791$3,893$3,144$2,525$1,293
20 years$5,506$4,452$3,573$2,847$2,255$1,106
21 years$5,189$4,147$3,286$2,584$2,018$947
22 years$4,900$3,871$3,029$2,349$1,809$812
23 years$4,638$3,621$2,797$2,140$1,624$696
24 years$4,397$3,392$2,586$1,951$1,460$598
25 years$4,177$3,184$2,395$1,782$1,314$514
26 years$3,973$2,992$2,222$1,630$1,183$442
27 years$3,785$2,816$2,063$1,492$1,067$380
28 years$3,611$2,653$1,918$1,367$963$327
29 years$3,449$2,503$1,785$1,253$869$282
30 years$3,298$2,364$1,662$1,150$785$242
31 years$3,157$2,235$1,550$1,056$710$209
32 years$3,025$2,115$1,446$971$642$180
33 years$2,901$2,003$1,350$893$581$155
34 years$2,785$1,898$1,261$821$526$134
35 years$2,676$1,800$1,179$756$477$115
36 years$2,573$1,709$1,103$696$432$99
37 years$2,476$1,623$1,033$642$391$86
38 years$2,384$1,542$967$591$355$74
39 years$2,297$1,467$906$545$322$64
40 years$2,215$1,395$849$503$292$55
41 years$2,137$1,328$796$464$265$47
42 years$2,062$1,265$747$428$240$41
43 years$1,992$1,205$701$395$218$35
44 years$1,925$1,149$658$365$198$30
45 years$1,861$1,095$618$337$180$26
46 years$1,800$1,045$580$311$163$23
47 years$1,742$997$545$288$148$20
48 years$1,686$952$512$266$135$17
49 years$1,633$909$481$246$122$15
50 years$1,582$868$453$227$111$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,620,000, adding $3,773 every year, while hoping to spend $40,847 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: 50/36/14 Blend
56$1,620,000$1,620,000$1,620,000$1,620,000
57$1,789,132$1,703,272$1,678,162$1,871,563
58$1,928,162$1,743,271$1,690,919$1,968,593
59$2,080,005$1,783,862$1,702,735$2,069,396
60$2,245,924$1,825,029$1,713,535$2,178,030
61$2,427,309$1,866,757$1,723,240$2,295,243
62$2,625,693$1,909,026$1,731,767$2,421,859
63$2,842,763$1,951,818$1,739,030$2,558,789
64$3,080,375$1,995,107$1,744,938$2,707,033
65$3,340,575$2,038,869$1,749,395$2,867,695
66$3,625,614$2,083,074$1,752,300$3,041,990
67$3,937,972$2,127,690$1,753,548$3,231,257
68$4,280,381$2,172,683$1,753,027$3,436,973
69$4,655,849$2,218,013$1,750,623$3,660,764
70$5,067,690$2,263,640$1,746,212$3,904,421
71$5,519,551$2,309,515$1,739,668$4,169,920
72$6,015,454$2,355,590$1,730,855$4,459,437
73$6,559,825$2,401,809$1,719,634$4,775,372
74$7,157,543$2,448,113$1,705,857$5,120,366
75$7,813,978$2,494,437$1,689,369$5,497,336
76$8,535,051$2,540,711$1,670,010$5,909,491
77$9,327,281$2,586,860$1,647,610$6,360,372
78$10,197,850$2,632,803$1,621,992$6,853,879
79$11,154,672$2,678,452$1,592,969$7,394,314
80$12,206,464$2,723,711$1,560,349$7,986,416
81$13,362,830$2,768,479$1,523,927$8,635,409
82$14,634,351$2,812,648$1,483,492$9,347,051
83$16,032,686$2,856,098$1,438,820$10,127,690
84$17,570,678$2,898,706$1,389,679$10,984,322
85$19,262,480$2,940,334$1,335,825$11,924,658
86$21,123,682$2,980,840$1,277,004$12,957,198
87$23,171,464$3,020,068$1,212,951$14,091,311
88$25,424,755$3,057,853$1,143,386$15,337,325
89$27,904,410$3,094,018$1,068,020$16,706,622
90$30,633,410$3,128,374$986,548$18,211,750
91$33,637,074$3,160,721$898,654$19,866,537
92$36,943,302$3,190,843$804,005$21,686,229
93$40,582,836$3,218,511$702,256$23,687,627
94$44,589,548$3,243,481$593,045$25,889,251
95$49,000,764$3,265,494$475,994$28,311,514
96$53,857,611$3,284,272$350,709$30,976,917
97$59,205,408$3,299,522$216,778$33,910,260
98$65,094,091$3,310,930$73,772$37,138,877
99$71,578,687$3,318,164$0$40,692,899
100$78,719,828$3,320,869$0$44,617,309