Can I retire at age 57 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$137,907$136,679$135,480$134,310$133,168$130,962
2 years$68,271$66,999$65,767$64,572$63,413$61,197
3 years$45,062$43,785$42,556$41,372$40,232$38,075
4 years$33,460$32,186$30,970$29,806$28,694$26,612
5 years$26,500$25,235$24,034$22,894$21,813$19,812
6 years$21,862$20,606$19,423$18,309$17,260$15,343
7 years$18,550$17,305$16,140$15,052$14,037$12,205
8 years$16,068$14,833$13,688$12,627$11,645$9,897
9 years$14,138$12,915$11,790$10,756$9,807$8,142
10 years$12,595$11,384$10,279$9,271$8,356$6,773
11 years$11,333$10,135$9,049$8,069$7,186$5,683
12 years$10,282$9,096$8,031$7,077$6,227$4,802
13 years$9,394$8,220$7,175$6,248$5,430$4,081
14 years$8,633$7,472$6,447$5,547$4,760$3,485
15 years$7,975$6,826$5,821$4,947$4,191$2,987
16 years$7,399$6,263$5,277$4,429$3,704$2,569
17 years$6,891$5,768$4,802$3,980$3,284$2,215
18 years$6,441$5,330$4,384$3,586$2,920$1,915
19 years$6,038$4,939$4,013$3,241$2,603$1,658
20 years$5,676$4,590$3,683$2,935$2,325$1,439
21 years$5,349$4,275$3,388$2,664$2,081$1,250
22 years$5,052$3,991$3,122$2,422$1,865$1,087
23 years$4,781$3,733$2,883$2,206$1,674$947
24 years$4,533$3,497$2,666$2,012$1,505$825
25 years$4,306$3,282$2,469$1,837$1,354$720
26 years$4,096$3,084$2,290$1,680$1,220$629
27 years$3,902$2,903$2,127$1,538$1,100$549
28 years$3,722$2,735$1,977$1,409$992$480
29 years$3,555$2,580$1,840$1,292$896$420
30 years$3,399$2,437$1,714$1,186$810$367
31 years$3,254$2,304$1,598$1,089$732$321
32 years$3,118$2,180$1,491$1,001$662$281
33 years$2,991$2,064$1,392$920$599$246
34 years$2,871$1,957$1,300$847$542$216
35 years$2,758$1,856$1,216$779$491$189
36 years$2,652$1,761$1,137$718$445$165
37 years$2,552$1,673$1,065$661$403$145
38 years$2,458$1,590$997$610$366$127
39 years$2,368$1,512$934$562$332$111
40 years$2,283$1,438$875$518$301$98
41 years$2,203$1,369$821$478$273$86
42 years$2,126$1,304$770$441$248$75
43 years$2,053$1,242$723$408$225$66
44 years$1,984$1,184$678$376$204$58
45 years$1,918$1,129$637$347$185$51
46 years$1,855$1,077$598$321$168$44
47 years$1,795$1,028$562$297$153$39
48 years$1,738$981$528$274$139$34
49 years$1,683$937$496$253$126$30
50 years$1,631$895$467$234$114$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,670,000, adding $5,354 every year, while hoping to spend $25,833 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: 50/43/7 Blend
56$1,670,000$1,670,000$1,670,000$1,670,000
57$1,845,863$1,757,353$1,731,468$1,934,611
58$2,006,655$1,815,977$1,761,986$2,054,316
59$2,182,981$1,876,608$1,792,660$2,181,104
60$2,376,400$1,939,317$1,823,469$2,318,259
61$2,588,627$2,004,177$1,854,389$2,466,758
62$2,821,551$2,071,265$1,885,395$2,627,674
63$3,077,252$2,140,660$1,916,459$2,802,188
64$3,358,024$2,212,445$1,947,553$2,991,598
65$3,666,392$2,286,704$1,978,645$3,197,332
66$4,005,138$2,363,526$2,009,704$3,420,960
67$4,377,326$2,443,003$2,040,693$3,664,210
68$4,786,333$2,525,230$2,071,575$3,928,982
69$5,235,877$2,610,305$2,102,312$4,217,367
70$5,730,058$2,698,331$2,132,860$4,531,667
71$6,273,389$2,789,414$2,163,176$4,874,414
72$6,870,843$2,883,664$2,193,212$5,248,395
73$7,527,902$2,981,197$2,222,917$5,656,676
74$8,250,601$3,082,129$2,252,238$6,102,635
75$9,045,595$3,186,585$2,281,120$6,589,988
76$9,920,210$3,294,692$2,309,502$7,122,828
77$10,882,523$3,406,584$2,337,322$7,705,659
78$11,941,431$3,522,398$2,364,513$8,343,441
79$13,106,738$3,642,276$2,391,006$9,041,635
80$14,389,246$3,766,368$2,416,725$9,806,255
81$15,800,857$3,894,827$2,441,592$10,643,923
82$17,354,684$4,027,814$2,465,526$11,561,932
83$19,065,180$4,165,495$2,488,439$12,568,312
84$20,948,266$4,308,042$2,510,240$13,671,908
85$23,021,488$4,455,635$2,530,832$14,882,462
86$25,304,179$4,608,460$2,550,113$16,210,703
87$27,817,640$4,766,709$2,567,977$17,668,447
88$30,585,346$4,930,585$2,584,311$19,268,713
89$33,633,163$5,100,295$2,598,997$21,025,837
90$36,989,592$5,276,057$2,611,910$22,955,613
91$40,686,042$5,458,095$2,622,920$25,075,439
92$44,757,120$5,646,643$2,631,890$27,404,480
93$49,240,963$5,841,945$2,638,675$29,963,848
94$54,179,594$6,044,253$2,643,123$32,776,801
95$59,619,321$6,253,830$2,645,076$35,868,963
96$65,611,173$6,470,949$2,644,367$39,268,560
97$72,211,380$6,695,893$2,640,821$43,006,693
98$79,481,906$6,928,957$2,634,254$47,117,622
99$87,491,032$7,170,447$2,624,473$51,639,094
100$96,314,000$7,420,683$2,611,276$56,612,699