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

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$140,384$139,134$137,914$136,723$135,560$133,756
2 years$69,497$68,203$66,949$65,732$64,553$62,737
3 years$45,871$44,571$43,320$42,115$40,955$39,185
4 years$34,061$32,765$31,526$30,342$29,209$27,499
5 years$26,976$25,688$24,465$23,305$22,204$20,559
6 years$22,255$20,976$19,772$18,637$17,570$15,990
7 years$18,883$17,616$16,430$15,323$14,289$12,776
8 years$16,356$15,100$13,934$12,854$11,854$10,408
9 years$14,392$13,147$12,002$10,949$9,983$8,603
10 years$12,821$11,589$10,463$9,438$8,506$7,191
11 years$11,537$10,317$9,212$8,214$7,315$6,065
12 years$10,467$9,260$8,175$7,205$6,339$5,151
13 years$9,563$8,368$7,304$6,361$5,528$4,401
14 years$8,788$7,606$6,563$5,646$4,846$3,778
15 years$8,118$6,949$5,925$5,035$4,267$3,256
16 years$7,532$6,375$5,372$4,509$3,771$2,816
17 years$7,015$5,871$4,888$4,051$3,343$2,442
18 years$6,556$5,425$4,462$3,651$2,973$2,123
19 years$6,146$5,028$4,085$3,299$2,650$1,850
20 years$5,778$4,672$3,749$2,988$2,367$1,614
21 years$5,445$4,352$3,448$2,712$2,118$1,411
22 years$5,142$4,063$3,178$2,465$1,899$1,235
23 years$4,867$3,800$2,935$2,245$1,704$1,082
24 years$4,615$3,560$2,714$2,048$1,532$949
25 years$4,383$3,341$2,514$1,870$1,378$833
26 years$4,169$3,140$2,331$1,710$1,242$732
27 years$3,972$2,955$2,165$1,565$1,119$644
28 years$3,789$2,784$2,013$1,434$1,010$566
29 years$3,619$2,627$1,873$1,315$912$498
30 years$3,460$2,481$1,744$1,207$824$439
31 years$3,313$2,345$1,626$1,108$745$386
32 years$3,174$2,219$1,517$1,019$674$340
33 years$3,044$2,101$1,417$937$610$300
34 years$2,923$1,992$1,324$862$552$265
35 years$2,808$1,889$1,238$793$500$233
36 years$2,700$1,793$1,158$731$453$206
37 years$2,598$1,703$1,084$673$411$182
38 years$2,502$1,618$1,015$621$372$160
39 years$2,411$1,539$951$572$338$141
40 years$2,324$1,464$891$528$306$125
41 years$2,242$1,394$836$487$278$110
42 years$2,164$1,327$784$449$252$97
43 years$2,090$1,265$736$415$229$86
44 years$2,020$1,206$690$383$208$76
45 years$1,953$1,150$648$354$189$67
46 years$1,889$1,097$609$327$171$59
47 years$1,828$1,047$572$302$155$52
48 years$1,769$999$538$279$141$46
49 years$1,713$954$505$258$128$41
50 years$1,660$911$475$238$116$36

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 $5,834 every year, while hoping to spend $32,100 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: 57/30/13 Blend
56$1,700,000$1,700,000$1,700,000$1,700,000
57$1,879,418$1,789,318$1,762,968$1,980,035
58$2,036,964$1,842,840$1,787,873$2,102,287
59$2,209,505$1,897,909$1,812,537$2,231,393
60$2,398,534$1,954,567$1,836,917$2,371,322
61$2,605,700$2,012,856$1,860,969$2,523,115
62$2,832,817$2,072,821$1,884,647$2,687,919
63$3,081,881$2,134,506$1,907,899$2,866,996
64$3,355,093$2,197,958$1,930,674$3,061,737
65$3,654,877$2,263,222$1,952,916$3,273,670
66$3,983,902$2,330,348$1,974,567$3,504,481
67$4,345,110$2,399,384$1,995,564$3,756,023
68$4,741,738$2,470,381$2,015,842$4,030,338
69$5,177,355$2,543,389$2,035,333$4,329,674
70$5,655,891$2,618,462$2,053,963$4,656,507
71$6,181,678$2,695,652$2,071,656$5,013,564
72$6,759,484$2,775,014$2,088,332$5,403,847
73$7,394,566$2,856,605$2,103,906$5,830,665
74$8,092,714$2,940,480$2,118,288$6,297,659
75$8,860,305$3,026,698$2,131,385$6,808,843
76$9,704,368$3,115,318$2,143,098$7,368,636
77$10,632,645$3,206,400$2,153,324$7,981,906
78$11,653,666$3,300,005$2,161,952$8,654,017
79$12,776,832$3,396,197$2,168,869$9,390,878
80$14,012,497$3,495,039$2,173,954$10,198,996
81$15,372,071$3,596,595$2,177,081$11,085,543
82$16,868,126$3,700,932$2,178,117$12,058,419
83$18,514,514$3,808,117$2,176,923$13,126,327
84$20,326,498$3,918,218$2,173,353$14,298,856
85$22,320,894$4,031,304$2,167,254$15,586,571
86$24,516,233$4,147,446$2,158,465$17,001,112
87$26,932,933$4,266,715$2,146,818$18,555,305
88$29,593,492$4,389,184$2,132,136$20,263,280
89$32,522,700$4,514,925$2,114,234$22,140,609
90$35,747,873$4,644,014$2,092,919$24,204,447
91$39,299,111$4,776,526$2,067,987$26,473,698
92$43,209,582$4,912,537$2,039,225$28,969,190
93$47,515,832$5,052,125$2,006,413$31,713,877
94$52,258,135$5,195,366$1,969,315$34,733,046
95$57,480,866$5,342,341$1,927,689$38,054,567
96$63,232,927$5,493,128$1,881,279$41,709,145
97$69,568,202$5,647,808$1,829,818$45,730,618
98$76,546,069$5,806,461$1,773,027$50,156,272
99$84,231,958$5,969,167$1,710,614$55,027,192
100$92,697,971$6,136,010$1,642,273$60,388,652