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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$137,081$135,860$134,669$133,506$132,371$129,751
2 years$67,862$66,598$65,373$64,186$63,034$60,406
3 years$44,792$43,523$42,301$41,124$39,991$37,436
4 years$33,259$31,994$30,784$29,628$28,522$26,060
5 years$26,341$25,083$23,890$22,757$21,682$19,320
6 years$21,731$20,483$19,306$18,199$17,156$14,897
7 years$18,439$17,201$16,044$14,962$13,953$11,797
8 years$15,971$14,745$13,606$12,552$11,575$9,522
9 years$14,053$12,838$11,719$10,691$9,748$7,796
10 years$12,519$11,316$10,217$9,216$8,306$6,453
11 years$11,265$10,074$8,995$8,021$7,143$5,388
12 years$10,221$9,042$7,983$7,035$6,190$4,529
13 years$9,338$8,171$7,132$6,211$5,398$3,829
14 years$8,582$7,427$6,408$5,513$4,732$3,252
15 years$7,927$6,785$5,786$4,917$4,166$2,772
16 years$7,354$6,225$5,246$4,403$3,682$2,371
17 years$6,850$5,733$4,773$3,956$3,265$2,033
18 years$6,402$5,298$4,357$3,565$2,903$1,747
19 years$6,002$4,910$3,989$3,221$2,587$1,504
20 years$5,642$4,562$3,661$2,917$2,311$1,297
21 years$5,317$4,250$3,367$2,648$2,068$1,120
22 years$5,021$3,967$3,104$2,407$1,854$968
23 years$4,752$3,710$2,866$2,192$1,664$838
24 years$4,506$3,476$2,650$2,000$1,496$726
25 years$4,280$3,262$2,455$1,826$1,346$629
26 years$4,071$3,066$2,276$1,670$1,212$546
27 years$3,878$2,885$2,114$1,528$1,093$474
28 years$3,700$2,719$1,965$1,400$986$411
29 years$3,534$2,565$1,829$1,284$891$357
30 years$3,379$2,422$1,703$1,179$805$311
31 years$3,235$2,290$1,588$1,082$728$270
32 years$3,099$2,167$1,482$995$658$235
33 years$2,973$2,052$1,383$915$596$204
34 years$2,854$1,945$1,293$842$539$178
35 years$2,742$1,845$1,208$775$488$154
36 years$2,636$1,751$1,131$714$443$134
37 years$2,537$1,663$1,058$657$401$117
38 years$2,443$1,580$991$606$364$102
39 years$2,354$1,503$928$559$330$89
40 years$2,269$1,430$870$515$299$77
41 years$2,189$1,361$816$475$271$67
42 years$2,113$1,296$765$439$246$58
43 years$2,041$1,235$718$405$223$51
44 years$1,972$1,177$674$374$203$44
45 years$1,907$1,123$633$345$184$39
46 years$1,844$1,071$595$319$167$34
47 years$1,785$1,022$559$295$152$29
48 years$1,727$976$525$272$138$26
49 years$1,673$932$493$252$125$22
50 years$1,621$890$464$233$114$19

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 $3,210 every year, while hoping to spend $30,308 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: 75/8/17 Blend
56$1,660,000$1,660,000$1,660,000$1,660,000
57$1,832,631$1,744,651$1,718,921$1,962,801
58$1,987,312$1,797,892$1,744,257$2,102,627
59$2,156,755$1,852,725$1,769,427$2,251,782
60$2,342,432$1,909,197$1,794,392$2,414,461
61$2,545,969$1,967,356$1,819,112$2,592,000
62$2,769,151$2,027,250$1,843,545$2,785,875
63$3,013,948$2,088,929$1,867,647$2,997,710
64$3,282,527$2,152,443$1,891,371$3,229,291
65$3,577,279$2,217,847$1,914,665$3,482,590
66$3,900,833$2,285,192$1,937,478$3,759,776
67$4,256,087$2,354,537$1,959,753$4,063,239
68$4,646,235$2,425,936$1,981,432$4,395,612
69$5,074,793$2,499,448$2,002,451$4,759,796
70$5,545,634$2,575,134$2,022,746$5,158,987
71$6,063,028$2,653,055$2,042,247$5,596,706
72$6,631,676$2,733,273$2,060,882$6,076,830
73$7,256,757$2,815,854$2,078,572$6,603,633
74$7,943,980$2,900,864$2,095,237$7,181,824
75$8,699,631$2,988,371$2,110,793$7,816,589
76$9,530,637$3,078,445$2,125,148$8,513,645
77$10,444,630$3,171,158$2,138,209$9,279,289
78$11,450,020$3,266,582$2,149,876$10,120,459
79$12,556,070$3,364,793$2,160,046$11,044,801
80$13,772,990$3,465,868$2,168,607$12,060,739
81$15,112,025$3,569,886$2,175,446$13,177,556
82$16,585,569$3,676,928$2,180,441$14,405,479
83$18,207,277$3,787,077$2,183,466$15,755,780
84$19,992,193$3,900,417$2,184,385$17,240,876
85$21,956,895$4,017,036$2,183,061$18,874,452
86$24,119,650$4,137,023$2,179,345$20,671,587
87$26,500,585$4,260,468$2,173,084$22,648,898
88$29,121,879$4,387,465$2,164,116$24,824,695
89$32,007,969$4,518,109$2,152,273$27,219,153
90$35,185,783$4,652,498$2,137,375$29,854,506
91$38,684,994$4,790,732$2,119,238$32,755,254
92$42,538,298$4,932,912$2,097,667$35,948,394
93$46,781,723$5,079,143$2,072,458$39,463,679
94$51,454,970$5,229,532$2,043,396$43,333,891
95$56,601,785$5,384,188$2,010,258$47,595,157
96$62,270,376$5,543,221$1,972,810$52,287,290
97$68,513,862$5,706,747$1,930,807$57,454,158
98$75,390,778$5,874,880$1,883,992$63,144,107
99$82,965,628$6,047,739$1,832,096$69,410,412
100$91,309,489$6,225,446$1,774,838$76,311,779