Can I retire at age 57 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$135,430$134,223$133,046$131,898$130,776$127,202
2 years$67,044$65,796$64,586$63,412$62,274$58,699
3 years$44,252$42,998$41,791$40,629$39,509$36,046
4 years$32,858$31,608$30,413$29,271$28,178$24,853
5 years$26,024$24,781$23,602$22,483$21,421$18,242
6 years$21,469$20,236$19,074$17,980$16,950$13,921
7 years$18,217$16,994$15,850$14,782$13,784$10,906
8 years$15,779$14,567$13,442$12,400$11,436$8,706
9 years$13,884$12,683$11,578$10,562$9,630$7,047
10 years$12,368$11,180$10,094$9,105$8,206$5,765
11 years$11,129$9,953$8,887$7,924$7,057$4,755
12 years$10,098$8,933$7,887$6,950$6,116$3,948
13 years$9,225$8,073$7,046$6,136$5,333$3,296
14 years$8,478$7,338$6,331$5,447$4,675$2,763
15 years$7,831$6,703$5,716$4,858$4,116$2,324
16 years$7,266$6,150$5,182$4,350$3,638$1,961
17 years$6,767$5,664$4,716$3,908$3,225$1,658
18 years$6,325$5,234$4,305$3,522$2,868$1,405
19 years$5,929$4,851$3,941$3,182$2,556$1,193
20 years$5,574$4,507$3,617$2,882$2,283$1,014
21 years$5,253$4,199$3,327$2,616$2,043$863
22 years$4,961$3,919$3,066$2,378$1,832$735
23 years$4,695$3,666$2,831$2,166$1,644$627
24 years$4,452$3,434$2,618$1,976$1,478$535
25 years$4,228$3,223$2,425$1,804$1,330$457
26 years$4,022$3,029$2,249$1,650$1,198$390
27 years$3,832$2,851$2,088$1,510$1,080$333
28 years$3,655$2,686$1,941$1,383$974$285
29 years$3,491$2,534$1,807$1,269$880$244
30 years$3,338$2,393$1,683$1,164$795$209
31 years$3,196$2,262$1,569$1,069$719$179
32 years$3,062$2,141$1,464$983$650$153
33 years$2,937$2,027$1,367$904$588$131
34 years$2,819$1,921$1,277$831$533$112
35 years$2,709$1,822$1,194$765$483$96
36 years$2,605$1,730$1,117$705$437$82
37 years$2,506$1,643$1,045$650$396$70
38 years$2,413$1,561$979$599$359$60
39 years$2,325$1,485$917$552$326$52
40 years$2,242$1,412$860$509$295$44
41 years$2,163$1,345$806$470$268$38
42 years$2,088$1,281$756$434$243$32
43 years$2,017$1,220$710$400$221$28
44 years$1,949$1,163$666$370$200$24
45 years$1,884$1,109$625$341$182$20
46 years$1,822$1,058$587$315$165$17
47 years$1,763$1,010$552$291$150$15
48 years$1,707$964$519$269$136$13
49 years$1,653$920$487$249$124$11
50 years$1,601$879$458$230$112$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,640,000, adding $3,968 every year, while hoping to spend $27,428 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: 33/37/30 Blend
56$1,640,000$1,640,000$1,640,000$1,640,000
57$1,811,373$1,724,453$1,699,033$1,854,568
58$1,966,950$1,779,768$1,726,767$1,943,271
59$2,137,476$1,836,874$1,754,512$2,036,108
60$2,324,448$1,895,830$1,782,237$2,135,640
61$2,529,513$1,956,697$1,809,913$2,242,480
62$2,754,486$2,019,538$1,837,508$2,357,302
63$3,001,365$2,084,417$1,864,986$2,480,847
64$3,272,352$2,151,401$1,892,311$2,613,932
65$3,569,873$2,220,561$1,919,444$2,757,452
66$3,896,599$2,291,967$1,946,344$2,912,395
67$4,255,473$2,365,694$1,972,968$3,079,846
68$4,649,736$2,441,818$1,999,267$3,261,000
69$5,082,961$2,520,419$2,025,195$3,457,170
70$5,559,082$2,601,579$2,050,697$3,669,804
71$6,082,433$2,685,381$2,075,721$3,900,493
72$6,657,791$2,771,914$2,100,207$4,150,990
73$7,290,416$2,861,268$2,124,094$4,423,225
74$7,986,104$2,953,536$2,147,317$4,719,323
75$8,751,243$3,048,816$2,169,809$5,041,621
76$9,592,869$3,147,207$2,191,496$5,392,696
77$10,518,734$3,248,813$2,212,304$5,775,383
78$11,537,381$3,353,740$2,232,152$6,192,805
79$12,658,219$3,462,099$2,250,955$6,648,402
80$13,891,621$3,574,005$2,268,624$7,145,963
81$15,249,010$3,689,575$2,285,067$7,689,658
82$16,742,977$3,808,932$2,300,185$8,284,083
83$18,387,394$3,932,203$2,313,874$8,934,301
84$20,197,545$4,059,518$2,326,026$9,645,886
85$22,190,272$4,191,012$2,336,526$10,424,981
86$24,384,134$4,326,826$2,345,254$11,278,352
87$26,799,579$4,467,104$2,352,083$12,213,452
88$29,459,140$4,611,996$2,356,882$13,238,492
89$32,387,645$4,761,656$2,359,510$14,362,519
90$35,612,454$4,916,246$2,359,822$15,595,499
91$39,163,713$5,075,931$2,357,665$16,948,413
92$43,074,642$5,240,882$2,352,877$18,433,357
93$47,381,847$5,411,276$2,345,290$20,063,662
94$52,125,665$5,587,299$2,334,727$21,854,012
95$57,350,545$5,769,139$2,321,003$23,820,587
96$63,105,467$5,956,993$2,303,922$25,981,217
97$69,444,403$6,151,064$2,283,283$28,355,545
98$76,426,830$6,351,564$2,258,870$30,965,216
99$84,118,286$6,558,709$2,230,461$33,834,079
100$92,590,991$6,772,727$2,197,822$36,988,412