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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$134,604$133,405$132,235$131,093$129,978$127,354
2 years$66,636$65,395$64,192$63,026$61,895$59,262
3 years$43,982$42,736$41,536$40,381$39,268$36,710
4 years$32,658$31,416$30,228$29,092$28,007$25,542
5 years$25,865$24,630$23,458$22,346$21,290$18,926
6 years$21,338$20,112$18,958$17,870$16,846$14,585
7 years$18,106$16,890$15,754$14,692$13,700$11,543
8 years$15,683$14,478$13,361$12,325$11,366$9,312
9 years$13,799$12,606$11,507$10,498$9,572$7,619
10 years$12,293$11,111$10,032$9,049$8,156$6,303
11 years$11,061$9,892$8,832$7,876$7,014$5,259
12 years$10,036$8,878$7,839$6,908$6,078$4,418
13 years$9,169$8,023$7,003$6,099$5,300$3,733
14 years$8,426$7,293$6,292$5,414$4,646$3,168
15 years$7,784$6,662$5,681$4,828$4,091$2,699
16 years$7,222$6,113$5,151$4,323$3,616$2,306
17 years$6,726$5,629$4,687$3,884$3,206$1,976
18 years$6,286$5,202$4,279$3,500$2,850$1,697
19 years$5,893$4,821$3,917$3,163$2,541$1,460
20 years$5,540$4,480$3,595$2,865$2,269$1,258
21 years$5,221$4,173$3,306$2,600$2,031$1,086
22 years$4,931$3,895$3,047$2,364$1,820$938
23 years$4,666$3,643$2,814$2,153$1,634$811
24 years$4,425$3,413$2,602$1,964$1,469$702
25 years$4,202$3,203$2,410$1,793$1,322$608
26 years$3,998$3,011$2,235$1,640$1,190$527
27 years$3,808$2,833$2,076$1,501$1,073$457
28 years$3,633$2,670$1,930$1,375$968$396
29 years$3,470$2,519$1,796$1,261$875$344
30 years$3,318$2,379$1,673$1,157$790$299
31 years$3,176$2,249$1,559$1,063$714$260
32 years$3,043$2,128$1,455$977$646$225
33 years$2,919$2,015$1,358$898$585$196
34 years$2,802$1,910$1,269$826$529$170
35 years$2,692$1,811$1,187$761$480$148
36 years$2,589$1,719$1,110$701$435$129
37 years$2,491$1,633$1,039$646$394$112
38 years$2,399$1,552$973$595$357$97
39 years$2,311$1,476$912$549$324$85
40 years$2,228$1,404$854$506$294$74
41 years$2,150$1,336$801$467$266$64
42 years$2,075$1,273$752$431$242$56
43 years$2,004$1,213$705$398$219$48
44 years$1,937$1,156$662$367$199$42
45 years$1,872$1,102$622$339$181$37
46 years$1,811$1,052$584$313$164$32
47 years$1,752$1,003$548$289$149$28
48 years$1,696$958$515$267$135$24
49 years$1,643$915$484$247$123$21
50 years$1,591$874$455$228$112$18

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 $6,550 every year, while hoping to spend $34,761 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: 40/32/28 Blend
56$1,630,000$1,630,000$1,630,000$1,630,000
57$1,803,016$1,716,626$1,691,361$1,860,008
58$1,949,939$1,763,756$1,711,036$1,949,166
59$2,110,682$1,812,029$1,730,206$2,041,850
60$2,286,619$1,861,466$1,748,815$2,141,463
61$2,479,262$1,912,086$1,766,809$2,248,661
62$2,690,277$1,963,908$1,784,127$2,364,167
63$2,921,496$2,016,950$1,800,705$2,488,778
64$3,174,938$2,071,231$1,816,479$2,623,370
65$3,452,829$2,126,768$1,831,378$2,768,911
66$3,757,617$2,183,579$1,845,329$2,926,464
67$4,092,000$2,241,681$1,858,253$3,097,202
68$4,458,950$2,301,089$1,870,071$3,282,417
69$4,861,740$2,361,820$1,880,696$3,483,533
70$5,303,976$2,423,888$1,890,038$3,702,117
71$5,789,630$2,487,307$1,898,002$3,939,897
72$6,323,077$2,552,089$1,904,490$4,198,779
73$6,909,137$2,618,248$1,909,397$4,480,861
74$7,553,121$2,685,793$1,912,613$4,788,455
75$8,260,876$2,754,735$1,914,023$5,124,110
76$9,038,849$2,825,080$1,913,506$5,490,635
77$9,894,140$2,896,837$1,910,936$5,891,125
78$10,834,569$2,970,009$1,906,180$6,328,990
79$11,868,757$3,044,601$1,899,098$6,807,992
80$13,006,196$3,120,613$1,889,544$7,332,274
81$14,257,350$3,198,044$1,877,365$7,906,402
82$15,633,743$3,276,892$1,862,401$8,535,410
83$17,148,077$3,357,151$1,844,483$9,224,846
84$18,814,342$3,438,814$1,823,435$9,980,824
85$20,647,958$3,521,868$1,799,072$10,810,083
86$22,665,910$3,606,300$1,771,202$11,720,051
87$24,886,917$3,692,093$1,739,622$12,718,914
88$27,331,603$3,779,226$1,704,120$13,815,696
89$30,022,693$3,867,675$1,664,474$15,020,341
90$32,985,227$3,957,410$1,620,453$16,343,810
91$36,246,797$4,048,400$1,571,815$17,798,185
92$39,837,804$4,140,606$1,518,305$19,396,782
93$43,791,750$4,233,985$1,459,658$21,154,276
94$48,145,549$4,328,491$1,395,597$23,086,843
95$52,939,878$4,424,069$1,325,832$25,212,313
96$58,219,557$4,520,660$1,250,059$27,550,334
97$64,033,978$4,618,199$1,167,962$30,122,564
98$70,437,564$4,716,611$1,079,209$32,952,874
99$77,490,288$4,815,818$983,456$36,067,573
100$85,258,235$4,915,730$880,339$39,495,656