Can I retire at age 57 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$134,604$133,405$132,235$131,093$129,978$126,733
2 years$66,636$65,395$64,192$63,026$61,895$58,646
3 years$43,982$42,736$41,536$40,381$39,268$36,117
4 years$32,658$31,416$30,228$29,092$28,007$24,978
5 years$25,865$24,630$23,458$22,346$21,290$18,392
6 years$21,338$20,112$18,958$17,870$16,846$14,081
7 years$18,106$16,890$15,754$14,692$13,700$11,069
8 years$15,683$14,478$13,361$12,325$11,366$8,867
9 years$13,799$12,606$11,507$10,498$9,572$7,203
10 years$12,293$11,111$10,032$9,049$8,156$5,915
11 years$11,061$9,892$8,832$7,876$7,014$4,898
12 years$10,036$8,878$7,839$6,908$6,078$4,083
13 years$9,169$8,023$7,003$6,099$5,300$3,422
14 years$8,426$7,293$6,292$5,414$4,646$2,880
15 years$7,784$6,662$5,681$4,828$4,091$2,433
16 years$7,222$6,113$5,151$4,323$3,616$2,062
17 years$6,726$5,629$4,687$3,884$3,206$1,751
18 years$6,286$5,202$4,279$3,500$2,850$1,491
19 years$5,893$4,821$3,917$3,163$2,541$1,271
20 years$5,540$4,480$3,595$2,865$2,269$1,085
21 years$5,221$4,173$3,306$2,600$2,031$928
22 years$4,931$3,895$3,047$2,364$1,820$794
23 years$4,666$3,643$2,814$2,153$1,634$680
24 years$4,425$3,413$2,602$1,964$1,469$583
25 years$4,202$3,203$2,410$1,793$1,322$501
26 years$3,998$3,011$2,235$1,640$1,190$430
27 years$3,808$2,833$2,076$1,501$1,073$369
28 years$3,633$2,670$1,930$1,375$968$317
29 years$3,470$2,519$1,796$1,261$875$272
30 years$3,318$2,379$1,673$1,157$790$234
31 years$3,176$2,249$1,559$1,063$714$201
32 years$3,043$2,128$1,455$977$646$173
33 years$2,919$2,015$1,358$898$585$149
34 years$2,802$1,910$1,269$826$529$128
35 years$2,692$1,811$1,187$761$480$110
36 years$2,589$1,719$1,110$701$435$95
37 years$2,491$1,633$1,039$646$394$82
38 years$2,399$1,552$973$595$357$70
39 years$2,311$1,476$912$549$324$61
40 years$2,228$1,404$854$506$294$52
41 years$2,150$1,336$801$467$266$45
42 years$2,075$1,273$752$431$242$39
43 years$2,004$1,213$705$398$219$33
44 years$1,937$1,156$662$367$199$29
45 years$1,872$1,102$622$339$181$25
46 years$1,811$1,052$584$313$164$21
47 years$1,752$1,003$548$289$149$18
48 years$1,696$958$515$267$135$16
49 years$1,643$915$484$247$123$14
50 years$1,591$874$455$228$112$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,630,000, adding $2,713 every year, while hoping to spend $49,536 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: 44/50/6 Blend
56$1,630,000$1,630,000$1,630,000$1,630,000
57$1,799,058$1,712,668$1,687,403$1,875,058
58$1,929,857$1,743,883$1,691,226$1,959,051
59$2,072,336$1,774,967$1,693,515$2,044,701
60$2,227,635$1,805,862$1,694,170$2,136,369
61$2,397,009$1,836,504$1,693,079$2,234,626
62$2,581,837$1,866,826$1,690,130$2,340,096
63$2,783,637$1,896,753$1,685,202$2,453,470
64$3,004,082$1,926,209$1,678,171$2,575,512
65$3,245,014$1,955,108$1,668,905$2,707,060
66$3,508,457$1,983,360$1,657,265$2,849,042
67$3,796,644$2,010,868$1,643,107$3,002,480
68$4,112,030$2,037,530$1,626,281$3,168,502
69$4,457,323$2,063,235$1,606,626$3,348,353
70$4,835,500$2,087,863$1,583,979$3,543,403
71$5,249,842$2,111,290$1,558,163$3,755,168
72$5,703,963$2,133,380$1,528,998$3,985,317
73$6,201,841$2,153,989$1,496,294$4,235,693
74$6,747,859$2,172,965$1,459,849$4,508,327
75$7,346,844$2,190,143$1,419,458$4,805,463
76$8,004,112$2,205,350$1,374,900$5,129,573
77$8,725,520$2,218,401$1,325,948$5,483,387
78$9,517,519$2,229,099$1,272,363$5,869,913
79$10,387,215$2,237,234$1,213,896$6,292,472
80$11,342,435$2,242,583$1,150,286$6,754,728
81$12,391,803$2,244,909$1,081,260$7,260,720
82$13,544,819$2,243,961$1,006,534$7,814,905
83$14,811,947$2,239,472$925,809$8,422,200
84$16,204,718$2,231,158$838,776$9,088,026
85$17,735,832$2,218,718$745,108$9,818,365
86$19,419,285$2,201,833$644,467$10,619,814
87$21,270,493$2,180,163$536,498$11,499,650
88$23,306,443$2,153,352$420,830$12,465,897
89$25,545,851$2,121,016$297,079$13,527,408
90$28,009,335$2,082,754$164,839$14,693,944
91$30,719,617$2,038,138$23,690$15,976,271
92$33,701,726$1,986,716$0$17,386,263
93$36,983,246$1,928,008$0$18,945,140
94$40,594,564$1,861,508$0$20,661,363
95$44,569,167$1,786,679$0$22,549,368
96$48,943,948$1,702,952$0$24,626,747
97$53,759,562$1,609,728$0$26,912,896
98$59,060,804$1,506,371$0$29,429,204
99$64,897,032$1,392,210$0$32,199,250
100$71,322,634$1,266,533$0$35,249,034