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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$139,559$138,316$137,103$135,919$134,763$130,711
2 years$69,088$67,802$66,555$65,346$64,173$60,125
3 years$45,601$44,309$43,065$41,868$40,714$36,796
4 years$33,860$32,572$31,341$30,163$29,037$25,281
5 years$26,817$25,537$24,322$23,168$22,074$18,488
6 years$22,124$20,853$19,655$18,528$17,466$14,055
7 years$18,772$17,512$16,334$15,233$14,205$10,967
8 years$16,260$15,011$13,852$12,778$11,784$8,719
9 years$14,307$13,070$11,931$10,884$9,924$7,027
10 years$12,745$11,520$10,402$9,382$8,456$5,724
11 years$11,469$10,256$9,157$8,166$7,272$4,700
12 years$10,405$9,205$8,127$7,162$6,302$3,884
13 years$9,507$8,319$7,261$6,323$5,495$3,227
14 years$8,737$7,562$6,524$5,613$4,817$2,692
15 years$8,070$6,908$5,890$5,006$4,241$2,254
16 years$7,487$6,338$5,340$4,482$3,749$1,892
17 years$6,974$5,837$4,860$4,027$3,324$1,592
18 years$6,518$5,393$4,436$3,629$2,955$1,342
19 years$6,110$4,999$4,061$3,279$2,634$1,133
20 years$5,744$4,645$3,727$2,970$2,353$958
21 years$5,413$4,327$3,428$2,696$2,106$811
22 years$5,112$4,039$3,160$2,451$1,887$687
23 years$4,838$3,777$2,917$2,232$1,694$583
24 years$4,587$3,539$2,698$2,036$1,523$495
25 years$4,357$3,321$2,499$1,859$1,370$420
26 years$4,145$3,121$2,318$1,700$1,234$357
27 years$3,949$2,938$2,152$1,556$1,113$303
28 years$3,767$2,768$2,001$1,426$1,004$258
29 years$3,598$2,611$1,862$1,307$907$219
30 years$3,440$2,466$1,734$1,200$819$186
31 years$3,293$2,331$1,617$1,102$741$159
32 years$3,156$2,206$1,508$1,013$670$135
33 years$3,027$2,089$1,408$931$606$115
34 years$2,905$1,980$1,316$857$549$98
35 years$2,791$1,878$1,230$789$497$83
36 years$2,684$1,782$1,151$726$451$71
37 years$2,583$1,693$1,077$669$408$60
38 years$2,487$1,609$1,009$617$370$51
39 years$2,396$1,530$945$569$336$44
40 years$2,310$1,456$886$525$304$37
41 years$2,229$1,386$831$484$276$32
42 years$2,152$1,320$779$447$251$27
43 years$2,078$1,257$731$412$227$23
44 years$2,008$1,198$686$381$206$20
45 years$1,941$1,143$644$352$187$17
46 years$1,878$1,090$605$325$170$14
47 years$1,817$1,040$569$300$155$12
48 years$1,759$993$534$277$140$10
49 years$1,703$948$502$256$127$9
50 years$1,650$906$472$237$116$7

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 $2,135 every year, while hoping to spend $48,305 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: 43/43/14 Blend
56$1,690,000$1,690,000$1,690,000$1,690,000
57$1,864,582$1,775,012$1,748,817$1,937,089
58$2,003,373$1,810,592$1,756,006$2,023,677
59$2,154,702$1,846,296$1,761,818$2,112,444
60$2,319,797$1,882,079$1,766,153$2,207,560
61$2,500,009$1,917,893$1,768,912$2,309,629
62$2,696,825$1,953,685$1,769,986$2,419,316
63$2,911,884$1,989,399$1,769,263$2,537,356
64$3,146,988$2,024,971$1,766,625$2,664,559
65$3,404,123$2,060,337$1,761,949$2,801,816
66$3,685,474$2,095,424$1,755,105$2,950,114
67$3,993,448$2,130,155$1,745,957$3,110,537
68$4,330,695$2,164,448$1,734,362$3,284,285
69$4,700,133$2,198,214$1,720,171$3,472,678
70$5,104,978$2,231,357$1,703,227$3,677,174
71$5,548,767$2,263,775$1,683,366$3,899,381
72$6,035,400$2,295,358$1,660,418$4,141,071
73$6,569,170$2,325,990$1,634,201$4,404,202
74$7,154,806$2,355,545$1,604,528$4,690,929
75$7,797,519$2,383,889$1,571,202$5,003,633
76$8,503,045$2,410,879$1,534,017$5,344,938
77$9,277,706$2,436,362$1,492,756$5,717,741
78$10,128,463$2,460,175$1,447,195$6,125,233
79$11,062,987$2,482,145$1,397,097$6,570,937
80$12,089,728$2,502,086$1,342,215$7,058,738
81$13,217,992$2,519,800$1,282,292$7,592,921
82$14,458,036$2,535,079$1,217,058$8,178,212
83$15,821,157$2,547,699$1,146,230$8,819,822
84$17,319,800$2,557,422$1,069,514$9,523,499
85$18,967,679$2,563,995$986,602$10,295,584
86$20,779,901$2,567,149$897,172$11,143,067
87$22,773,112$2,566,600$800,888$12,073,659
88$24,965,650$2,562,045$697,399$13,095,864
89$27,377,723$2,553,161$586,338$14,219,058
90$30,031,592$2,539,607$467,322$15,453,581
91$32,951,788$2,521,022$339,951$16,810,837
92$36,165,339$2,497,021$203,808$18,303,399
93$39,702,025$2,467,196$58,457$19,945,133
94$43,594,660$2,431,117$0$21,751,327
95$47,879,398$2,388,324$0$23,753,278
96$52,596,080$2,338,335$0$25,965,393
97$57,788,601$2,280,635$0$28,399,500
98$63,505,334$2,214,681$0$31,078,273
99$69,799,575$2,139,898$0$34,026,710
100$76,730,055$2,055,676$0$37,272,363