Can I retire at age 57 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$139,559$138,316$137,103$135,919$134,763$129,467
2 years$69,088$67,802$66,555$65,346$64,173$58,902
3 years$45,601$44,309$43,065$41,868$40,714$35,634
4 years$33,860$32,572$31,341$30,163$29,037$24,188
5 years$26,817$25,537$24,322$23,168$22,074$17,466
6 years$22,124$20,853$19,655$18,528$17,466$13,104
7 years$18,772$17,512$16,334$15,233$14,205$10,086
8 years$16,260$15,011$13,852$12,778$11,784$7,905
9 years$14,307$13,070$11,931$10,884$9,924$6,279
10 years$12,745$11,520$10,402$9,382$8,456$5,037
11 years$11,469$10,256$9,157$8,166$7,272$4,072
12 years$10,405$9,205$8,127$7,162$6,302$3,312
13 years$9,507$8,319$7,261$6,323$5,495$2,707
14 years$8,737$7,562$6,524$5,613$4,817$2,221
15 years$8,070$6,908$5,890$5,006$4,241$1,828
16 years$7,487$6,338$5,340$4,482$3,749$1,508
17 years$6,974$5,837$4,860$4,027$3,324$1,246
18 years$6,518$5,393$4,436$3,629$2,955$1,032
19 years$6,110$4,999$4,061$3,279$2,634$856
20 years$5,744$4,645$3,727$2,970$2,353$710
21 years$5,413$4,327$3,428$2,696$2,106$590
22 years$5,112$4,039$3,160$2,451$1,887$491
23 years$4,838$3,777$2,917$2,232$1,694$408
24 years$4,587$3,539$2,698$2,036$1,523$340
25 years$4,357$3,321$2,499$1,859$1,370$283
26 years$4,145$3,121$2,318$1,700$1,234$236
27 years$3,949$2,938$2,152$1,556$1,113$197
28 years$3,767$2,768$2,001$1,426$1,004$164
29 years$3,598$2,611$1,862$1,307$907$137
30 years$3,440$2,466$1,734$1,200$819$114
31 years$3,293$2,331$1,617$1,102$741$95
32 years$3,156$2,206$1,508$1,013$670$79
33 years$3,027$2,089$1,408$931$606$66
34 years$2,905$1,980$1,316$857$549$55
35 years$2,791$1,878$1,230$789$497$46
36 years$2,684$1,782$1,151$726$451$38
37 years$2,583$1,693$1,077$669$408$32
38 years$2,487$1,609$1,009$617$370$27
39 years$2,396$1,530$945$569$336$22
40 years$2,310$1,456$886$525$304$19
41 years$2,229$1,386$831$484$276$16
42 years$2,152$1,320$779$447$251$13
43 years$2,078$1,257$731$412$227$11
44 years$2,008$1,198$686$381$206$9
45 years$1,941$1,143$644$352$187$8
46 years$1,878$1,090$605$325$170$6
47 years$1,817$1,040$569$300$155$5
48 years$1,759$993$534$277$140$4
49 years$1,703$948$502$256$127$4
50 years$1,650$906$472$237$116$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,690,000, adding $3,904 every year, while hoping to spend $49,737 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: 52/31/17 Blend
56$1,690,000$1,690,000$1,690,000$1,690,000
57$1,866,407$1,776,837$1,750,642$1,954,617
58$2,003,861$1,810,982$1,756,369$2,049,703
59$2,153,668$1,845,134$1,760,620$2,147,524
60$2,317,036$1,879,239$1,763,295$2,252,828
61$2,495,293$1,913,242$1,764,285$2,366,340
62$2,689,904$1,947,081$1,763,479$2,488,857
63$2,902,478$1,980,692$1,760,760$2,621,262
64$3,134,787$2,014,002$1,756,002$2,764,525
65$3,388,784$2,046,937$1,749,077$2,919,717
66$3,666,618$2,079,415$1,739,849$3,088,020
67$3,970,655$2,111,348$1,728,175$3,270,737
68$4,303,499$2,142,642$1,713,907$3,469,302
69$4,668,021$2,173,196$1,696,887$3,685,301
70$5,067,378$2,202,902$1,676,953$3,920,480
71$5,505,052$2,231,646$1,653,932$4,176,766
72$5,984,874$2,259,303$1,627,645$4,456,283
73$6,511,065$2,285,742$1,597,904$4,761,374
74$7,088,272$2,310,822$1,564,513$5,094,622
75$7,721,617$2,334,393$1,527,265$5,458,877
76$8,416,738$2,356,295$1,485,945$5,857,281
77$9,179,848$2,376,356$1,440,327$6,293,298
78$10,017,791$2,394,396$1,390,176$6,770,750
79$10,938,105$2,410,220$1,335,246$7,293,851
80$11,949,093$2,423,622$1,275,278$7,867,246
81$13,059,903$2,434,383$1,210,003$8,496,059
82$14,280,615$2,442,269$1,139,140$9,185,941
83$15,622,330$2,447,033$1,062,393$9,943,122
84$17,097,281$2,448,410$979,456$10,774,472
85$18,718,942$2,446,122$890,007$11,687,565
86$20,502,162$2,439,870$793,710$12,690,754
87$22,463,298$2,429,339$690,215$13,793,249
88$24,620,373$2,414,194$579,155$15,005,204
89$26,993,242$2,394,080$460,148$16,337,816
90$29,603,783$2,368,622$332,794$17,803,429
91$32,476,103$2,337,418$196,676$19,415,653
92$35,636,761$2,300,046$51,360$21,189,495
93$39,115,021$2,256,059$0$23,141,499
94$42,943,127$2,204,980$0$25,308,718
95$47,156,609$2,146,307$0$27,703,614
96$51,794,615$2,079,508$0$30,339,120
97$56,900,280$2,004,018$0$33,239,770
98$62,521,135$1,919,242$0$36,432,608
99$68,709,554$1,824,548$0$39,947,440
100$75,523,247$1,719,269$0$43,817,117