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%13.1%
1 years$133,778$132,586$131,424$130,289$129,181$127,514
2 years$66,227$64,993$63,798$62,639$61,515$59,838
3 years$43,713$42,474$41,282$40,133$39,028$37,392
4 years$32,458$31,223$30,042$28,914$27,835$26,254
5 years$25,707$24,479$23,314$22,209$21,160$19,638
6 years$21,207$19,989$18,841$17,760$16,743$15,283
7 years$17,995$16,787$15,657$14,602$13,616$12,218
8 years$15,586$14,389$13,279$12,249$11,296$9,959
9 years$13,714$12,528$11,437$10,434$9,513$8,237
10 years$12,217$11,043$9,971$8,994$8,106$6,889
11 years$10,994$9,831$8,778$7,827$6,971$5,814
12 years$9,974$8,824$7,790$6,866$6,041$4,941
13 years$9,113$7,974$6,960$6,061$5,268$4,224
14 years$8,375$7,248$6,254$5,381$4,618$3,628
15 years$7,736$6,622$5,646$4,798$4,066$3,129
16 years$7,177$6,075$5,119$4,297$3,593$2,708
17 years$6,685$5,595$4,658$3,860$3,186$2,350
18 years$6,248$5,170$4,252$3,479$2,833$2,045
19 years$5,857$4,791$3,893$3,144$2,525$1,783
20 years$5,506$4,452$3,573$2,847$2,255$1,557
21 years$5,189$4,147$3,286$2,584$2,018$1,362
22 years$4,900$3,871$3,029$2,349$1,809$1,193
23 years$4,638$3,621$2,797$2,140$1,624$1,046
24 years$4,397$3,392$2,586$1,951$1,460$918
25 years$4,177$3,184$2,395$1,782$1,314$807
26 years$3,973$2,992$2,222$1,630$1,183$709
27 years$3,785$2,816$2,063$1,492$1,067$624
28 years$3,611$2,653$1,918$1,367$963$549
29 years$3,449$2,503$1,785$1,253$869$484
30 years$3,298$2,364$1,662$1,150$785$426
31 years$3,157$2,235$1,550$1,056$710$376
32 years$3,025$2,115$1,446$971$642$332
33 years$2,901$2,003$1,350$893$581$292
34 years$2,785$1,898$1,261$821$526$258
35 years$2,676$1,800$1,179$756$477$228
36 years$2,573$1,709$1,103$696$432$201
37 years$2,476$1,623$1,033$642$391$178
38 years$2,384$1,542$967$591$355$157
39 years$2,297$1,467$906$545$322$138
40 years$2,215$1,395$849$503$292$122
41 years$2,137$1,328$796$464$265$108
42 years$2,062$1,265$747$428$240$95
43 years$1,992$1,205$701$395$218$84
44 years$1,925$1,149$658$365$198$75
45 years$1,861$1,095$618$337$180$66
46 years$1,800$1,045$580$311$163$58
47 years$1,742$997$545$288$148$51
48 years$1,686$952$512$266$135$45
49 years$1,633$909$481$246$122$40
50 years$1,582$868$453$227$111$36

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 $3,183 every year, while hoping to spend $43,924 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: 40/50/10 Blend
56$1,620,000$1,620,000$1,620,000$1,620,000
57$1,788,523$1,702,663$1,677,553$1,854,578
58$1,924,218$1,739,359$1,687,017$1,938,051
59$2,072,281$1,776,381$1,695,325$2,023,694
60$2,233,928$1,813,698$1,702,393$2,115,356
61$2,410,497$1,851,277$1,708,131$2,213,599
62$2,603,460$1,889,082$1,712,446$2,319,042
63$2,814,439$1,927,073$1,715,239$2,432,371
64$3,045,219$1,965,207$1,716,406$2,554,338
65$3,297,765$2,003,435$1,715,839$2,685,775
66$3,574,241$2,041,708$1,713,424$2,827,596
67$3,877,032$2,079,970$1,709,042$2,980,810
68$4,208,761$2,118,160$1,702,566$3,146,532
69$4,572,318$2,156,214$1,693,866$3,325,986
70$4,970,888$2,194,062$1,682,804$3,520,526
71$5,407,977$2,231,629$1,669,236$3,731,642
72$5,887,445$2,268,833$1,653,010$3,960,980
73$6,413,546$2,305,587$1,633,968$4,210,351
74$6,990,965$2,341,799$1,611,943$4,481,755
75$7,624,864$2,377,367$1,586,763$4,777,396
76$8,320,925$2,412,183$1,558,245$5,099,705
77$9,085,412$2,446,133$1,526,199$5,451,363
78$9,925,223$2,479,092$1,490,426$5,835,324
79$10,847,958$2,510,929$1,450,716$6,254,847
80$11,861,987$2,541,503$1,406,853$6,713,528
81$12,976,535$2,570,662$1,358,608$7,215,329
82$14,201,763$2,598,246$1,305,743$7,764,619
83$15,548,865$2,624,082$1,248,007$8,366,219
84$17,030,175$2,647,987$1,185,141$9,025,441
85$18,659,281$2,669,767$1,116,872$9,748,145
86$20,451,155$2,689,213$1,042,914$10,540,792
87$22,422,292$2,706,103$962,971$11,410,507
88$24,590,866$2,720,203$876,731$12,365,145
89$26,976,902$2,731,260$783,869$13,413,368
90$29,602,463$2,739,009$684,046$14,564,728
91$32,491,860$2,743,166$576,907$15,829,754
92$35,671,878$2,743,430$462,082$17,220,059
93$39,172,033$2,739,482$339,185$18,748,445
94$43,024,845$2,730,981$207,812$20,429,027
95$47,266,147$2,717,567$67,542$22,277,369
96$51,935,424$2,698,858$0$24,310,630
97$57,076,184$2,674,448$0$26,556,494
98$62,736,367$2,643,908$0$29,035,313
99$68,968,798$2,606,781$0$31,762,919
100$75,831,686$2,562,585$0$34,764,717