Can I retire at age 57 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$137,081$135,860$134,669$133,506$132,371$128,082
2 years$67,862$66,598$65,373$64,186$63,034$58,753
3 years$44,792$43,523$42,301$41,124$39,991$35,853
4 years$33,259$31,994$30,784$29,628$28,522$24,558
5 years$26,341$25,083$23,890$22,757$21,682$17,903
6 years$21,731$20,483$19,306$18,199$17,156$13,565
7 years$18,439$17,201$16,044$14,962$13,953$10,549
8 years$15,971$14,745$13,606$12,552$11,575$8,357
9 years$14,053$12,838$11,719$10,691$9,748$6,711
10 years$12,519$11,316$10,217$9,216$8,306$5,445
11 years$11,265$10,074$8,995$8,021$7,143$4,454
12 years$10,221$9,042$7,983$7,035$6,190$3,667
13 years$9,338$8,171$7,132$6,211$5,398$3,034
14 years$8,582$7,427$6,408$5,513$4,732$2,520
15 years$7,927$6,785$5,786$4,917$4,166$2,101
16 years$7,354$6,225$5,246$4,403$3,682$1,756
17 years$6,850$5,733$4,773$3,956$3,265$1,471
18 years$6,402$5,298$4,357$3,565$2,903$1,235
19 years$6,002$4,910$3,989$3,221$2,587$1,038
20 years$5,642$4,562$3,661$2,917$2,311$874
21 years$5,317$4,250$3,367$2,648$2,068$736
22 years$5,021$3,967$3,104$2,407$1,854$621
23 years$4,752$3,710$2,866$2,192$1,664$524
24 years$4,506$3,476$2,650$2,000$1,496$442
25 years$4,280$3,262$2,455$1,826$1,346$374
26 years$4,071$3,066$2,276$1,670$1,212$316
27 years$3,878$2,885$2,114$1,528$1,093$267
28 years$3,700$2,719$1,965$1,400$986$226
29 years$3,534$2,565$1,829$1,284$891$191
30 years$3,379$2,422$1,703$1,179$805$162
31 years$3,235$2,290$1,588$1,082$728$137
32 years$3,099$2,167$1,482$995$658$116
33 years$2,973$2,052$1,383$915$596$98
34 years$2,854$1,945$1,293$842$539$83
35 years$2,742$1,845$1,208$775$488$71
36 years$2,636$1,751$1,131$714$443$60
37 years$2,537$1,663$1,058$657$401$51
38 years$2,443$1,580$991$606$364$43
39 years$2,354$1,503$928$559$330$36
40 years$2,269$1,430$870$515$299$31
41 years$2,189$1,361$816$475$271$26
42 years$2,113$1,296$765$439$246$22
43 years$2,041$1,235$718$405$223$19
44 years$1,972$1,177$674$374$203$16
45 years$1,907$1,123$633$345$184$13
46 years$1,844$1,071$595$319$167$11
47 years$1,785$1,022$559$295$152$10
48 years$1,727$976$525$272$138$8
49 years$1,673$932$493$252$125$7
50 years$1,621$890$464$233$114$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,660,000, adding $2,411 every year, while hoping to spend $53,059 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: 42/49/9 Blend
56$1,660,000$1,660,000$1,660,000$1,660,000
57$1,831,807$1,743,827$1,718,097$1,903,813
58$1,962,197$1,772,820$1,719,199$1,983,286
59$2,104,108$1,801,456$1,718,559$2,063,752
60$2,258,660$1,829,660$1,716,064$2,149,678
61$2,427,085$1,857,354$1,711,593$2,241,583
62$2,610,736$1,884,454$1,705,021$2,340,039
63$2,811,107$1,910,868$1,696,215$2,445,677
64$3,029,840$1,936,500$1,685,037$2,559,196
65$3,268,741$1,961,246$1,671,343$2,681,364
66$3,529,800$1,984,995$1,654,981$2,813,033
67$3,815,209$2,007,628$1,635,792$2,955,139
68$4,127,378$2,029,020$1,613,609$3,108,720
69$4,468,963$2,049,035$1,588,258$3,274,919
70$4,842,889$2,067,529$1,559,556$3,454,998
71$5,252,375$2,084,349$1,527,313$3,650,352
72$5,700,968$2,099,333$1,491,328$3,862,518
73$6,192,571$2,112,305$1,451,392$4,093,197
74$6,731,487$2,123,081$1,407,287$4,344,263
75$7,322,451$2,131,464$1,358,783$4,617,787
76$7,970,680$2,137,245$1,305,642$4,916,052
77$8,681,921$2,140,202$1,247,613$5,241,582
78$9,462,503$2,140,098$1,184,434$5,597,161
79$10,319,398$2,136,682$1,115,831$5,985,860
80$11,260,284$2,129,688$1,041,520$6,411,071
81$12,293,624$2,118,832$961,201$6,876,537
82$13,428,734$2,103,816$874,562$7,386,388
83$14,675,883$2,084,321$781,278$7,945,182
84$16,046,379$2,060,008$681,007$8,557,949
85$17,552,683$2,030,522$573,393$9,230,239
86$19,208,521$1,995,482$458,067$9,968,176
87$21,029,017$1,954,488$334,639$10,778,518
88$23,030,832$1,907,113$202,705$11,668,721
89$25,232,324$1,852,909$61,842$12,647,010
90$27,653,716$1,791,396$0$13,722,461
91$30,317,293$1,722,073$0$14,913,582
92$33,247,606$1,644,403$0$16,229,810
93$36,471,707$1,557,824$0$17,677,432
94$40,019,400$1,461,736$0$19,269,934
95$43,923,526$1,355,509$0$21,022,193
96$48,220,271$1,238,475$0$22,950,612
97$52,949,506$1,109,926$0$25,073,282
98$58,155,161$969,119$0$27,410,153
99$63,885,645$815,263$0$29,983,224
100$70,194,296$647,526$0$32,816,755