Can I retire at age 57 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$138,733$137,497$136,291$135,115$133,966$128,650
2 years$68,680$67,401$66,161$64,959$63,793$58,504
3 years$45,332$44,047$42,810$41,620$40,473$35,377
4 years$33,660$32,379$31,155$29,985$28,866$24,001
5 years$26,659$25,386$24,178$23,031$21,943$17,322
6 years$21,993$20,729$19,539$18,418$17,363$12,988
7 years$18,661$17,408$16,237$15,143$14,121$9,991
8 years$16,164$14,922$13,770$12,703$11,714$7,826
9 years$14,222$12,993$11,860$10,820$9,865$6,212
10 years$12,670$11,452$10,340$9,327$8,406$4,980
11 years$11,401$10,195$9,103$8,117$7,229$4,024
12 years$10,344$9,151$8,079$7,120$6,265$3,271
13 years$9,450$8,270$7,218$6,286$5,463$2,671
14 years$8,685$7,517$6,485$5,580$4,789$2,190
15 years$8,022$6,867$5,855$4,976$4,216$1,801
16 years$7,443$6,300$5,309$4,456$3,726$1,485
17 years$6,932$5,802$4,831$4,003$3,304$1,226
18 years$6,479$5,361$4,410$3,608$2,938$1,015
19 years$6,074$4,969$4,037$3,260$2,619$841
20 years$5,710$4,617$3,705$2,953$2,339$698
21 years$5,381$4,301$3,408$2,680$2,093$579
22 years$5,082$4,015$3,141$2,436$1,876$481
23 years$4,810$3,755$2,900$2,219$1,684$400
24 years$4,560$3,518$2,682$2,024$1,514$333
25 years$4,331$3,302$2,484$1,848$1,362$277
26 years$4,120$3,103$2,304$1,690$1,227$231
27 years$3,925$2,920$2,139$1,547$1,106$192
28 years$3,744$2,752$1,989$1,417$998$160
29 years$3,576$2,596$1,851$1,300$901$133
30 years$3,420$2,452$1,724$1,193$814$111
31 years$3,274$2,318$1,607$1,095$736$93
32 years$3,137$2,193$1,500$1,007$666$77
33 years$3,009$2,077$1,400$926$603$64
34 years$2,888$1,968$1,308$852$546$54
35 years$2,775$1,867$1,223$784$494$45
36 years$2,668$1,772$1,144$722$448$37
37 years$2,567$1,683$1,071$665$406$31
38 years$2,472$1,599$1,003$613$368$26
39 years$2,382$1,521$940$565$334$22
40 years$2,297$1,447$881$522$303$18
41 years$2,216$1,377$826$481$275$15
42 years$2,139$1,312$775$444$249$13
43 years$2,066$1,250$727$410$226$10
44 years$1,996$1,191$682$379$205$9
45 years$1,930$1,136$641$350$186$7
46 years$1,866$1,084$602$323$169$6
47 years$1,806$1,034$565$298$154$5
48 years$1,748$987$531$276$140$4
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,680,000, adding $2,861 every year, while hoping to spend $55,934 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: 39/41/20 Blend
56$1,680,000$1,680,000$1,680,000$1,680,000
57$1,854,311$1,765,271$1,739,231$1,915,474
58$1,983,938$1,792,256$1,737,982$1,986,691
59$2,124,911$1,818,689$1,734,816$2,058,117
60$2,278,330$1,844,483$1,729,611$2,134,200
61$2,445,404$1,869,546$1,722,237$2,215,393
62$2,627,461$1,893,780$1,712,558$2,302,197
63$2,825,966$1,917,079$1,700,432$2,395,166
64$3,042,529$1,939,331$1,685,712$2,494,914
65$3,278,924$1,960,414$1,668,240$2,602,118
66$3,537,102$1,980,202$1,647,853$2,717,529
67$3,819,211$1,998,557$1,624,381$2,841,977
68$4,127,617$2,015,333$1,597,644$2,976,377
69$4,464,924$2,030,374$1,567,456$3,121,744
70$4,834,000$2,043,516$1,533,619$3,279,199
71$5,238,001$2,054,582$1,495,929$3,449,981
72$5,680,405$2,063,384$1,454,170$3,635,458
73$6,165,041$2,069,724$1,408,119$3,837,146
74$6,696,123$2,073,389$1,357,540$4,056,715
75$7,278,298$2,074,155$1,302,187$4,296,014
76$7,916,678$2,071,782$1,241,804$4,557,087
77$8,616,896$2,066,017$1,176,121$4,842,189
78$9,385,157$2,056,590$1,104,859$5,153,813
79$10,228,295$2,043,215$1,027,724$5,494,712
80$11,153,838$2,025,588$944,409$5,867,929
81$12,170,077$2,003,390$854,594$6,276,823
82$13,286,146$1,976,277$757,945$6,725,104
83$14,512,108$1,943,890$654,111$7,216,869
84$15,859,048$1,905,846$542,729$7,756,643
85$17,339,177$1,861,738$423,416$8,349,420
86$18,965,948$1,811,139$295,776$9,000,716
87$20,754,183$1,753,592$159,392$9,716,620
88$22,720,209$1,688,617$13,831$10,503,853
89$24,882,016$1,615,705$0$11,369,834
90$27,259,424$1,534,318$0$12,352,951
91$29,874,271$1,443,885$0$13,437,157
92$32,750,615$1,343,803$0$14,629,577
93$35,914,965$1,233,437$0$15,941,330
94$39,396,527$1,112,112$0$17,384,677
95$43,227,484$979,116$0$18,973,143
96$47,443,293$833,698$0$20,721,643
97$52,083,022$675,062$0$22,646,624
98$57,189,719$502,369$0$24,766,227
99$62,810,818$314,733$0$27,100,454
100$68,998,583$111,216$0$29,671,364