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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$133,778$132,586$131,424$130,289$129,181$125,854
2 years$66,227$64,993$63,798$62,639$61,515$58,185
3 years$43,713$42,474$41,282$40,133$39,028$35,799
4 years$32,458$31,223$30,042$28,914$27,835$24,732
5 years$25,707$24,479$23,314$22,209$21,160$18,192
6 years$21,207$19,989$18,841$17,760$16,743$13,913
7 years$17,995$16,787$15,657$14,602$13,616$10,925
8 years$15,586$14,389$13,279$12,249$11,296$8,741
9 years$13,714$12,528$11,437$10,434$9,513$7,092
10 years$12,217$11,043$9,971$8,994$8,106$5,817
11 years$10,994$9,831$8,778$7,827$6,971$4,810
12 years$9,974$8,824$7,790$6,866$6,041$4,004
13 years$9,113$7,974$6,960$6,061$5,268$3,351
14 years$8,375$7,248$6,254$5,381$4,618$2,817
15 years$7,736$6,622$5,646$4,798$4,066$2,377
16 years$7,177$6,075$5,119$4,297$3,593$2,011
17 years$6,685$5,595$4,658$3,860$3,186$1,706
18 years$6,248$5,170$4,252$3,479$2,833$1,450
19 years$5,857$4,791$3,893$3,144$2,525$1,234
20 years$5,506$4,452$3,573$2,847$2,255$1,052
21 years$5,189$4,147$3,286$2,584$2,018$898
22 years$4,900$3,871$3,029$2,349$1,809$768
23 years$4,638$3,621$2,797$2,140$1,624$657
24 years$4,397$3,392$2,586$1,951$1,460$562
25 years$4,177$3,184$2,395$1,782$1,314$482
26 years$3,973$2,992$2,222$1,630$1,183$413
27 years$3,785$2,816$2,063$1,492$1,067$354
28 years$3,611$2,653$1,918$1,367$963$304
29 years$3,449$2,503$1,785$1,253$869$260
30 years$3,298$2,364$1,662$1,150$785$224
31 years$3,157$2,235$1,550$1,056$710$192
32 years$3,025$2,115$1,446$971$642$165
33 years$2,901$2,003$1,350$893$581$142
34 years$2,785$1,898$1,261$821$526$122
35 years$2,676$1,800$1,179$756$477$104
36 years$2,573$1,709$1,103$696$432$90
37 years$2,476$1,623$1,033$642$391$77
38 years$2,384$1,542$967$591$355$66
39 years$2,297$1,467$906$545$322$57
40 years$2,215$1,395$849$503$292$49
41 years$2,137$1,328$796$464$265$42
42 years$2,062$1,265$747$428$240$36
43 years$1,992$1,205$701$395$218$31
44 years$1,925$1,149$658$365$198$27
45 years$1,861$1,095$618$337$180$23
46 years$1,800$1,045$580$311$163$20
47 years$1,742$997$545$288$148$17
48 years$1,686$952$512$266$135$15
49 years$1,633$909$481$246$122$13
50 years$1,582$868$453$227$111$11

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 $3,438 every year, while hoping to spend $22,111 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: 63/11/26 Blend
56$1,620,000$1,620,000$1,620,000$1,620,000
57$1,788,786$1,702,926$1,677,816$1,888,952
58$1,947,717$1,762,844$1,710,497$2,017,107
59$2,122,117$1,824,956$1,743,532$2,154,288
60$2,313,541$1,889,348$1,776,909$2,303,646
61$2,523,702$1,956,106$1,810,615$2,466,374
62$2,754,487$2,025,322$1,844,638$2,643,791
63$3,007,972$2,097,090$1,878,961$2,837,346
64$3,286,448$2,171,510$1,913,569$3,048,635
65$3,592,436$2,248,684$1,948,443$3,279,416
66$3,928,713$2,328,718$1,983,565$3,531,625
67$4,298,341$2,411,725$2,018,914$3,807,395
68$4,704,691$2,497,819$2,054,467$4,109,072
69$5,151,479$2,587,121$2,090,201$4,439,245
70$5,642,797$2,679,757$2,126,089$4,800,761
71$6,183,154$2,775,857$2,162,105$5,196,760
72$6,777,518$2,875,556$2,198,218$5,630,699
73$7,431,363$2,978,997$2,234,396$6,106,385
74$8,150,720$3,086,326$2,270,607$6,628,013
75$8,942,235$3,197,698$2,306,814$7,200,206
76$9,813,229$3,313,270$2,342,978$7,828,054
77$10,771,769$3,433,211$2,379,058$8,517,166
78$11,826,744$3,557,693$2,415,011$9,273,723
79$12,987,948$3,686,897$2,450,791$10,104,532
80$14,266,175$3,821,010$2,486,347$11,017,094
81$15,673,314$3,960,229$2,521,629$12,019,675
82$17,222,468$4,104,757$2,556,581$13,121,378
83$18,928,077$4,254,807$2,591,143$14,332,238
84$20,806,049$4,410,600$2,625,254$15,663,307
85$22,873,913$4,572,367$2,658,848$17,126,767
86$25,150,988$4,740,349$2,691,855$18,736,036
87$27,658,559$4,914,796$2,724,202$20,505,901
88$30,420,080$5,095,969$2,755,811$22,452,657
89$33,461,398$5,284,141$2,786,600$24,594,256
90$36,810,991$5,479,595$2,816,482$26,950,479
91$40,500,244$5,682,627$2,845,366$29,543,126
92$44,563,738$5,893,545$2,873,155$32,396,214
93$49,039,581$6,112,671$2,899,748$35,536,210
94$53,969,767$6,340,339$2,925,037$38,992,279
95$59,400,568$6,576,901$2,948,910$42,796,556
96$65,382,975$6,822,719$2,971,249$46,984,453
97$71,973,181$7,078,174$2,991,928$51,594,991
98$79,233,103$7,343,662$3,010,815$56,671,169
99$87,230,975$7,619,597$3,027,773$62,260,369
100$96,041,987$7,906,410$3,042,655$68,414,804