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%16.6%
1 years$139,559$138,316$137,103$135,919$134,763$131,133
2 years$69,088$67,802$66,555$65,346$64,173$60,541
3 years$45,601$44,309$43,065$41,868$40,714$37,195
4 years$33,860$32,572$31,341$30,163$29,037$25,658
5 years$26,817$25,537$24,322$23,168$22,074$18,843
6 years$22,124$20,853$19,655$18,528$17,466$14,387
7 years$18,772$17,512$16,334$15,233$14,205$11,278
8 years$16,260$15,011$13,852$12,778$11,784$9,008
9 years$14,307$13,070$11,931$10,884$9,924$7,296
10 years$12,745$11,520$10,402$9,382$8,456$5,972
11 years$11,469$10,256$9,157$8,166$7,272$4,929
12 years$10,405$9,205$8,127$7,162$6,302$4,095
13 years$9,507$8,319$7,261$6,323$5,495$3,421
14 years$8,737$7,562$6,524$5,613$4,817$2,870
15 years$8,070$6,908$5,890$5,006$4,241$2,416
16 years$7,487$6,338$5,340$4,482$3,749$2,040
17 years$6,974$5,837$4,860$4,027$3,324$1,726
18 years$6,518$5,393$4,436$3,629$2,955$1,464
19 years$6,110$4,999$4,061$3,279$2,634$1,244
20 years$5,744$4,645$3,727$2,970$2,353$1,058
21 years$5,413$4,327$3,428$2,696$2,106$901
22 years$5,112$4,039$3,160$2,451$1,887$768
23 years$4,838$3,777$2,917$2,232$1,694$656
24 years$4,587$3,539$2,698$2,036$1,523$560
25 years$4,357$3,321$2,499$1,859$1,370$478
26 years$4,145$3,121$2,318$1,700$1,234$409
27 years$3,949$2,938$2,152$1,556$1,113$350
28 years$3,767$2,768$2,001$1,426$1,004$299
29 years$3,598$2,611$1,862$1,307$907$256
30 years$3,440$2,466$1,734$1,200$819$219
31 years$3,293$2,331$1,617$1,102$741$188
32 years$3,156$2,206$1,508$1,013$670$161
33 years$3,027$2,089$1,408$931$606$138
34 years$2,905$1,980$1,316$857$549$118
35 years$2,791$1,878$1,230$789$497$101
36 years$2,684$1,782$1,151$726$451$87
37 years$2,583$1,693$1,077$669$408$74
38 years$2,487$1,609$1,009$617$370$64
39 years$2,396$1,530$945$569$336$55
40 years$2,310$1,456$886$525$304$47
41 years$2,229$1,386$831$484$276$40
42 years$2,152$1,320$779$447$251$34
43 years$2,078$1,257$731$412$227$30
44 years$2,008$1,198$686$381$206$25
45 years$1,941$1,143$644$352$187$22
46 years$1,878$1,090$605$325$170$19
47 years$1,817$1,040$569$300$155$16
48 years$1,759$993$534$277$140$14
49 years$1,703$948$502$256$127$12
50 years$1,650$906$472$237$116$10

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 $2,985 every year, while hoping to spend $53,299 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: 32/48/20 Blend
56$1,690,000$1,690,000$1,690,000$1,690,000
57$1,865,459$1,775,889$1,749,694$1,913,499
58$1,999,026$1,806,198$1,751,599$1,980,014
59$2,144,431$1,836,205$1,751,782$2,046,549
60$2,302,824$1,865,841$1,750,128$2,117,100
61$2,475,473$1,895,028$1,746,517$2,192,053
62$2,663,771$1,923,684$1,740,826$2,271,830
63$2,869,253$1,951,722$1,732,921$2,356,902
64$3,093,609$1,979,049$1,722,666$2,447,790
65$3,338,697$2,005,562$1,709,915$2,545,067
66$3,606,565$2,031,155$1,694,518$2,649,372
67$3,899,466$2,055,713$1,676,316$2,761,407
68$4,219,881$2,079,113$1,655,142$2,881,952
69$4,570,542$2,101,223$1,630,823$3,011,869
70$4,954,459$2,121,904$1,603,177$3,152,110
71$5,374,943$2,141,007$1,572,012$3,303,729
72$5,835,643$2,158,372$1,537,131$3,467,893
73$6,340,577$2,173,830$1,498,323$3,645,888
74$6,894,170$2,187,202$1,455,370$3,839,140
75$7,501,295$2,198,294$1,408,045$4,049,224
76$8,167,320$2,206,904$1,356,108$4,277,881
77$8,898,158$2,212,813$1,299,309$4,527,035
78$9,700,321$2,215,792$1,237,386$4,798,813
79$10,580,983$2,215,596$1,170,068$5,095,565
80$11,548,046$2,211,963$1,097,069$5,419,888
81$12,610,216$2,204,618$1,018,090$5,774,650
82$13,777,082$2,193,268$932,819$6,163,022
83$15,059,207$2,177,601$840,931$6,588,505
84$16,468,230$2,157,288$742,087$7,054,968
85$18,016,973$2,131,978$635,930$7,566,682
86$19,719,561$2,101,301$522,090$8,128,364
87$21,591,555$2,064,864$400,179$8,745,226
88$23,650,102$2,022,251$269,793$9,423,021
89$25,914,091$1,973,020$130,510$10,168,100
90$28,404,334$1,916,704$0$10,987,477
91$31,143,764$1,852,810$0$11,892,764
92$34,157,644$1,780,814$0$12,918,612
93$37,473,812$1,700,162$0$14,046,678
94$41,122,940$1,610,269$0$15,287,483
95$45,138,823$1,510,516$0$16,652,631
96$49,558,699$1,400,247$0$18,154,924
97$54,423,597$1,278,769$0$19,808,481
98$59,778,727$1,145,352$0$21,628,874
99$65,673,903$999,221$0$23,633,281
100$72,164,017$839,558$0$25,840,645