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%17.2%
1 years$138,733$137,497$136,291$135,115$133,966$130,042
2 years$68,680$67,401$66,161$64,959$63,793$59,872
3 years$45,332$44,047$42,810$41,620$40,473$36,677
4 years$33,660$32,379$31,155$29,985$28,866$25,224
5 years$26,659$25,386$24,178$23,031$21,943$18,466
6 years$21,993$20,729$19,539$18,418$17,363$14,053
7 years$18,661$17,408$16,237$15,143$14,121$10,979
8 years$16,164$14,922$13,770$12,703$11,714$8,738
9 years$14,222$12,993$11,860$10,820$9,865$7,051
10 years$12,670$11,452$10,340$9,327$8,406$5,750
11 years$11,401$10,195$9,103$8,117$7,229$4,728
12 years$10,344$9,151$8,079$7,120$6,265$3,913
13 years$9,450$8,270$7,218$6,286$5,463$3,255
14 years$8,685$7,517$6,485$5,580$4,789$2,719
15 years$8,022$6,867$5,855$4,976$4,216$2,280
16 years$7,443$6,300$5,309$4,456$3,726$1,916
17 years$6,932$5,802$4,831$4,003$3,304$1,615
18 years$6,479$5,361$4,410$3,608$2,938$1,363
19 years$6,074$4,969$4,037$3,260$2,619$1,153
20 years$5,710$4,617$3,705$2,953$2,339$976
21 years$5,381$4,301$3,408$2,680$2,093$828
22 years$5,082$4,015$3,141$2,436$1,876$702
23 years$4,810$3,755$2,900$2,219$1,684$597
24 years$4,560$3,518$2,682$2,024$1,514$507
25 years$4,331$3,302$2,484$1,848$1,362$431
26 years$4,120$3,103$2,304$1,690$1,227$367
27 years$3,925$2,920$2,139$1,547$1,106$312
28 years$3,744$2,752$1,989$1,417$998$266
29 years$3,576$2,596$1,851$1,300$901$227
30 years$3,420$2,452$1,724$1,193$814$193
31 years$3,274$2,318$1,607$1,095$736$164
32 years$3,137$2,193$1,500$1,007$666$140
33 years$3,009$2,077$1,400$926$603$119
34 years$2,888$1,968$1,308$852$546$102
35 years$2,775$1,867$1,223$784$494$87
36 years$2,668$1,772$1,144$722$448$74
37 years$2,567$1,683$1,071$665$406$63
38 years$2,472$1,599$1,003$613$368$54
39 years$2,382$1,521$940$565$334$46
40 years$2,297$1,447$881$522$303$39
41 years$2,216$1,377$826$481$275$33
42 years$2,139$1,312$775$444$249$29
43 years$2,066$1,250$727$410$226$24
44 years$1,996$1,191$682$379$205$21
45 years$1,930$1,136$641$350$186$18
46 years$1,866$1,084$602$323$169$15
47 years$1,806$1,034$565$298$154$13
48 years$1,748$987$531$276$140$11
49 years$1,693$943$499$255$127$9
50 years$1,640$901$469$235$115$8

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 $3,805 every year, while hoping to spend $43,584 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: 61/14/25 Blend
56$1,680,000$1,680,000$1,680,000$1,680,000
57$1,855,285$1,766,245$1,740,205$1,955,872
58$1,998,151$1,806,418$1,752,129$2,064,786
59$2,154,128$1,847,099$1,762,991$2,178,531
60$2,324,509$1,888,266$1,772,711$2,301,738
61$2,510,714$1,929,896$1,781,202$2,435,337
62$2,714,309$1,971,963$1,788,374$2,580,353
63$2,937,017$2,014,437$1,794,133$2,737,915
64$3,180,735$2,057,287$1,798,379$2,909,270
65$3,447,553$2,100,478$1,801,008$3,095,789
66$3,739,772$2,143,969$1,801,910$3,298,984
67$4,059,925$2,187,720$1,800,970$3,520,525
68$4,410,802$2,231,683$1,798,067$3,762,248
69$4,795,477$2,275,808$1,793,075$4,026,179
70$5,217,334$2,320,041$1,785,862$4,314,551
71$5,680,101$2,364,322$1,776,287$4,629,825
72$6,187,884$2,408,587$1,764,206$4,974,716
73$6,745,206$2,452,766$1,749,465$5,352,213
74$7,357,049$2,496,783$1,731,904$5,765,613
75$8,028,900$2,540,558$1,711,355$6,218,551
76$8,766,806$2,584,003$1,687,643$6,715,031
77$9,577,425$2,627,024$1,660,584$7,259,470
78$10,468,094$2,669,520$1,629,985$7,856,734
79$11,446,895$2,711,382$1,595,645$8,512,189
80$12,522,732$2,752,493$1,557,353$9,231,749
81$13,705,414$2,792,729$1,514,888$10,021,933
82$15,005,749$2,831,956$1,468,019$10,889,926
83$16,435,643$2,870,029$1,416,505$11,843,649
84$18,008,215$2,906,796$1,360,094$12,891,833
85$19,737,917$2,942,094$1,298,522$14,044,102
86$21,640,674$2,975,746$1,231,511$15,311,063
87$23,734,031$3,007,565$1,158,775$16,704,409
88$26,037,319$3,037,354$1,080,012$18,237,028
89$28,571,840$3,064,898$994,906$19,923,126
90$31,361,061$3,089,971$903,129$21,778,361
91$34,430,841$3,112,332$804,336$23,819,993
92$37,809,674$3,131,723$698,168$26,067,044
93$41,528,955$3,147,872$584,251$28,540,482
94$45,623,278$3,160,487$462,193$31,263,418
95$50,130,760$3,169,258$331,584$34,261,325
96$55,093,403$3,173,858$191,998$37,562,280
97$60,557,489$3,173,936$42,989$41,197,227
98$66,574,016$3,169,121$0$45,200,273
99$73,199,178$3,159,020$0$49,639,963
100$80,494,896$3,143,215$0$54,541,027