Can I retire at age 57 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$140,384$139,134$137,914$136,723$135,560$134,537
2 years$69,497$68,203$66,949$65,732$64,553$63,521
3 years$45,871$44,571$43,320$42,115$40,955$39,947
4 years$34,061$32,765$31,526$30,342$29,209$28,232
5 years$26,976$25,688$24,465$23,305$22,204$21,262
6 years$22,255$20,976$19,772$18,637$17,570$16,662
7 years$18,883$17,616$16,430$15,323$14,289$13,417
8 years$16,356$15,100$13,934$12,854$11,854$11,018
9 years$14,392$13,147$12,002$10,949$9,983$9,183
10 years$12,821$11,589$10,463$9,438$8,506$7,741
11 years$11,537$10,317$9,212$8,214$7,315$6,585
12 years$10,467$9,260$8,175$7,205$6,339$5,643
13 years$9,563$8,368$7,304$6,361$5,528$4,865
14 years$8,788$7,606$6,563$5,646$4,846$4,215
15 years$8,118$6,949$5,925$5,035$4,267$3,667
16 years$7,532$6,375$5,372$4,509$3,771$3,202
17 years$7,015$5,871$4,888$4,051$3,343$2,805
18 years$6,556$5,425$4,462$3,651$2,973$2,463
19 years$6,146$5,028$4,085$3,299$2,650$2,167
20 years$5,778$4,672$3,749$2,988$2,367$1,911
21 years$5,445$4,352$3,448$2,712$2,118$1,688
22 years$5,142$4,063$3,178$2,465$1,899$1,493
23 years$4,867$3,800$2,935$2,245$1,704$1,322
24 years$4,615$3,560$2,714$2,048$1,532$1,172
25 years$4,383$3,341$2,514$1,870$1,378$1,041
26 years$4,169$3,140$2,331$1,710$1,242$924
27 years$3,972$2,955$2,165$1,565$1,119$822
28 years$3,789$2,784$2,013$1,434$1,010$731
29 years$3,619$2,627$1,873$1,315$912$651
30 years$3,460$2,481$1,744$1,207$824$579
31 years$3,313$2,345$1,626$1,108$745$516
32 years$3,174$2,219$1,517$1,019$674$460
33 years$3,044$2,101$1,417$937$610$410
34 years$2,923$1,992$1,324$862$552$366
35 years$2,808$1,889$1,238$793$500$327
36 years$2,700$1,793$1,158$731$453$292
37 years$2,598$1,703$1,084$673$411$260
38 years$2,502$1,618$1,015$621$372$232
39 years$2,411$1,539$951$572$338$208
40 years$2,324$1,464$891$528$306$185
41 years$2,242$1,394$836$487$278$166
42 years$2,164$1,327$784$449$252$148
43 years$2,090$1,265$736$415$229$132
44 years$2,020$1,206$690$383$208$118
45 years$1,953$1,150$648$354$189$106
46 years$1,889$1,097$609$327$171$94
47 years$1,828$1,047$572$302$155$84
48 years$1,769$999$538$279$141$75
49 years$1,713$954$505$258$128$67
50 years$1,660$911$475$238$116$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,700,000, adding $2,736 every year, while hoping to spend $56,091 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: 65/17/18 Blend
56$1,700,000$1,700,000$1,700,000$1,700,000
57$1,876,222$1,786,122$1,759,772$1,989,600
58$2,007,916$1,813,962$1,759,044$2,093,803
59$2,151,164$1,841,286$1,756,412$2,200,946
60$2,307,083$1,868,009$1,751,752$2,316,686
61$2,476,906$1,894,042$1,744,936$2,441,866
62$2,661,987$1,919,287$1,735,829$2,577,414
63$2,863,818$1,943,641$1,724,288$2,724,353
64$3,084,042$1,966,993$1,710,165$2,883,813
65$3,324,463$1,989,225$1,693,304$3,057,038
66$3,587,071$2,010,210$1,673,544$3,245,399
67$3,874,057$2,029,814$1,650,711$3,450,409
68$4,187,829$2,047,894$1,624,629$3,673,737
69$4,531,043$2,064,296$1,595,109$3,917,221
70$4,906,621$2,078,858$1,561,957$4,182,890
71$5,317,780$2,091,405$1,524,966$4,472,979
72$5,768,063$2,101,754$1,483,922$4,789,955
73$6,261,374$2,109,708$1,438,601$5,136,534
74$6,802,008$2,115,058$1,388,769$5,515,716
75$7,394,700$2,117,583$1,334,179$5,930,805
76$8,044,661$2,117,046$1,274,576$6,385,445
77$8,757,632$2,113,197$1,209,690$6,883,655
78$9,539,938$2,105,771$1,139,242$7,429,864
79$10,398,543$2,094,485$1,062,938$8,028,957
80$11,341,120$2,079,041$980,473$8,686,321
81$12,376,121$2,059,121$891,525$9,407,893
82$13,512,856$2,034,388$795,761$10,200,220
83$14,761,579$2,004,485$692,832$11,070,519
84$16,133,591$1,969,036$582,372$12,026,750
85$17,641,338$1,927,639$464,002$13,077,686
86$19,298,531$1,879,870$337,323$14,232,999
87$21,120,278$1,825,280$201,920$15,503,354
88$23,123,222$1,763,395$57,360$16,900,507
89$25,325,700$1,693,710$0$18,437,419
90$27,747,913$1,615,694$0$20,146,992
91$30,412,121$1,528,783$0$22,039,330
92$33,342,846$1,432,383$0$24,120,866
93$36,567,109$1,325,862$0$26,410,842
94$40,114,680$1,208,556$0$28,930,461
95$44,018,363$1,079,759$0$31,703,095
96$48,314,298$938,730$0$34,754,500
97$53,042,309$784,681$0$38,113,059
98$58,246,277$616,782$0$41,810,056
99$63,974,548$434,156$0$45,879,964
100$70,280,399$235,876$0$50,360,780