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%11.3%
1 years$138,733$137,497$136,291$135,115$133,966$133,233
2 years$68,680$67,401$66,161$64,959$63,793$63,054
3 years$45,332$44,047$42,810$41,620$40,473$39,750
4 years$33,660$32,379$31,155$29,985$28,866$28,165
5 years$26,659$25,386$24,178$23,031$21,943$21,266
6 years$21,993$20,729$19,539$18,418$17,363$16,710
7 years$18,661$17,408$16,237$15,143$14,121$13,493
8 years$16,164$14,922$13,770$12,703$11,714$11,112
9 years$14,222$12,993$11,860$10,820$9,865$9,288
10 years$12,670$11,452$10,340$9,327$8,406$7,853
11 years$11,401$10,195$9,103$8,117$7,229$6,701
12 years$10,344$9,151$8,079$7,120$6,265$5,760
13 years$9,450$8,270$7,218$6,286$5,463$4,982
14 years$8,685$7,517$6,485$5,580$4,789$4,331
15 years$8,022$6,867$5,855$4,976$4,216$3,781
16 years$7,443$6,300$5,309$4,456$3,726$3,312
17 years$6,932$5,802$4,831$4,003$3,304$2,911
18 years$6,479$5,361$4,410$3,608$2,938$2,565
19 years$6,074$4,969$4,037$3,260$2,619$2,265
20 years$5,710$4,617$3,705$2,953$2,339$2,005
21 years$5,381$4,301$3,408$2,680$2,093$1,777
22 years$5,082$4,015$3,141$2,436$1,876$1,578
23 years$4,810$3,755$2,900$2,219$1,684$1,403
24 years$4,560$3,518$2,682$2,024$1,514$1,249
25 years$4,331$3,302$2,484$1,848$1,362$1,112
26 years$4,120$3,103$2,304$1,690$1,227$992
27 years$3,925$2,920$2,139$1,547$1,106$885
28 years$3,744$2,752$1,989$1,417$998$791
29 years$3,576$2,596$1,851$1,300$901$707
30 years$3,420$2,452$1,724$1,193$814$632
31 years$3,274$2,318$1,607$1,095$736$565
32 years$3,137$2,193$1,500$1,007$666$506
33 years$3,009$2,077$1,400$926$603$453
34 years$2,888$1,968$1,308$852$546$406
35 years$2,775$1,867$1,223$784$494$364
36 years$2,668$1,772$1,144$722$448$326
37 years$2,567$1,683$1,071$665$406$292
38 years$2,472$1,599$1,003$613$368$262
39 years$2,382$1,521$940$565$334$235
40 years$2,297$1,447$881$522$303$211
41 years$2,216$1,377$826$481$275$189
42 years$2,139$1,312$775$444$249$170
43 years$2,066$1,250$727$410$226$152
44 years$1,996$1,191$682$379$205$137
45 years$1,930$1,136$641$350$186$123
46 years$1,866$1,084$602$323$169$110
47 years$1,806$1,034$565$298$154$99
48 years$1,748$987$531$276$140$89
49 years$1,693$943$499$255$127$80
50 years$1,640$901$469$235$115$72

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 $6,050 every year, while hoping to spend $45,309 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$1,680,000$1,680,000$1,680,000$1,680,000
57$1,857,601$1,768,561$1,742,521$1,989,339
58$1,998,867$1,807,012$1,752,687$2,115,798
59$2,153,025$1,845,828$1,761,675$2,248,177
60$2,321,340$1,884,980$1,769,397$2,392,066
61$2,505,208$1,924,435$1,775,763$2,548,602
62$2,706,163$1,964,157$1,780,675$2,719,031
63$2,925,897$2,004,106$1,784,033$2,904,732
64$3,166,270$2,044,239$1,785,730$3,107,219
65$3,429,332$2,084,509$1,785,655$3,328,164
66$3,717,340$2,124,866$1,783,690$3,569,406
67$4,032,778$2,165,254$1,779,713$3,832,974
68$4,378,384$2,205,614$1,773,596$4,121,102
69$4,757,170$2,245,880$1,765,203$4,436,252
70$5,172,457$2,285,984$1,754,392$4,781,137
71$5,627,900$2,325,849$1,741,017$5,158,746
72$6,127,526$2,365,395$1,724,920$5,572,372
73$6,675,769$2,404,535$1,705,941$6,025,647
74$7,277,514$2,443,174$1,683,907$6,522,569
75$7,938,144$2,481,213$1,658,641$7,067,548
76$8,663,584$2,518,542$1,629,955$7,665,439
77$9,460,366$2,555,047$1,597,655$8,321,596
78$10,335,682$2,590,603$1,561,535$9,041,918
79$11,297,457$2,625,078$1,521,382$9,832,907
80$12,354,420$2,658,329$1,476,971$10,701,725
81$13,516,189$2,690,206$1,428,067$11,656,269
82$14,793,360$2,720,545$1,374,426$12,705,239
83$16,197,605$2,749,174$1,315,792$13,858,223
84$17,741,785$2,775,908$1,251,896$15,125,790
85$19,440,071$2,800,552$1,182,459$16,519,585
86$21,308,074$2,822,894$1,107,186$18,052,441
87$23,362,994$2,842,713$1,025,774$19,738,504
88$25,623,784$2,859,770$937,901$21,593,360
89$28,111,323$2,873,812$843,234$23,634,189
90$30,848,619$2,884,570$741,424$25,879,922
91$33,861,023$2,891,759$632,107$28,351,423
92$37,176,467$2,895,074$514,901$31,071,687
93$40,825,726$2,894,192$389,410$34,066,053
94$44,842,714$2,888,771$255,219$37,362,449
95$49,264,796$2,878,447$111,894$40,991,651
96$54,133,147$2,862,832$0$44,987,579
97$59,493,135$2,841,518$0$49,395,061
98$65,394,751$2,814,069$0$54,269,987
99$71,893,082$2,780,024$0$59,637,530
100$79,048,826$2,738,896$0$65,547,816