Can I retire at age 57 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$142,036$140,771$139,536$138,332$137,155$135,554
2 years$70,315$69,005$67,736$66,506$65,312$63,700
3 years$46,411$45,096$43,830$42,611$41,437$39,864
4 years$34,461$33,150$31,897$30,699$29,553$28,032
5 years$27,293$25,990$24,753$23,580$22,466$21,001
6 years$22,516$21,223$20,004$18,857$17,776$16,370
7 years$19,106$17,823$16,624$15,503$14,457$13,109
8 years$16,549$15,278$14,098$13,005$11,993$10,704
9 years$14,561$13,302$12,143$11,078$10,100$8,868
10 years$12,972$11,725$10,586$9,549$8,606$7,431
11 years$11,672$10,438$9,320$8,310$7,401$6,282
12 years$10,590$9,369$8,271$7,289$6,414$5,350
13 years$9,675$8,466$7,390$6,435$5,593$4,582
14 years$8,892$7,696$6,640$5,713$4,903$3,944
15 years$8,213$7,030$5,995$5,095$4,317$3,409
16 years$7,620$6,450$5,435$4,562$3,815$2,956
17 years$7,098$5,940$4,946$4,099$3,383$2,571
18 years$6,633$5,489$4,515$3,694$3,008$2,241
19 years$6,219$5,087$4,133$3,338$2,681$1,958
20 years$5,846$4,727$3,793$3,023$2,395$1,714
21 years$5,509$4,403$3,489$2,743$2,143$1,503
22 years$5,203$4,110$3,216$2,494$1,921$1,319
23 years$4,924$3,844$2,969$2,272$1,724$1,160
24 years$4,669$3,602$2,746$2,072$1,550$1,020
25 years$4,434$3,380$2,543$1,892$1,395$899
26 years$4,218$3,177$2,359$1,730$1,256$792
27 years$4,019$2,990$2,190$1,584$1,133$698
28 years$3,834$2,817$2,036$1,451$1,022$616
29 years$3,661$2,658$1,895$1,331$923$544
30 years$3,501$2,510$1,765$1,221$834$481
31 years$3,352$2,373$1,645$1,121$754$425
32 years$3,212$2,245$1,535$1,031$682$376
33 years$3,080$2,126$1,433$948$617$332
34 years$2,957$2,015$1,339$872$559$294
35 years$2,841$1,911$1,252$803$506$260
36 years$2,732$1,814$1,171$739$459$230
37 years$2,629$1,723$1,096$681$416$204
38 years$2,531$1,637$1,027$628$377$180
39 years$2,439$1,557$962$579$342$160
40 years$2,352$1,481$902$534$310$141
41 years$2,269$1,410$845$493$281$125
42 years$2,190$1,343$793$455$255$111
43 years$2,115$1,280$744$420$232$98
44 years$2,044$1,220$699$388$210$87
45 years$1,976$1,163$656$358$191$77
46 years$1,911$1,110$616$331$173$68
47 years$1,849$1,059$579$305$157$61
48 years$1,790$1,011$544$282$143$54
49 years$1,733$965$511$261$130$48
50 years$1,679$922$481$241$118$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,720,000, adding $2,248 every year, while hoping to spend $38,355 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: 58/15/27 Blend
56$1,720,000$1,720,000$1,720,000$1,720,000
57$1,897,759$1,806,599$1,779,939$1,993,748
58$2,050,521$1,854,313$1,798,757$2,107,405
59$2,217,579$1,903,079$1,816,921$2,227,020
60$2,400,351$1,952,909$1,834,367$2,356,650
61$2,600,398$2,003,813$1,851,029$2,497,275
62$2,819,439$2,055,800$1,866,839$2,649,976
63$3,059,367$2,108,880$1,881,724$2,815,944
64$3,322,267$2,163,059$1,895,605$2,996,491
65$3,610,434$2,218,344$1,908,404$3,193,063
66$3,926,397$2,274,742$1,920,034$3,407,254
67$4,272,940$2,332,255$1,930,406$3,640,819
68$4,653,132$2,390,887$1,939,426$3,895,693
69$5,070,350$2,450,639$1,946,996$4,174,009
70$5,528,316$2,511,511$1,953,011$4,478,116
71$6,031,129$2,573,501$1,957,362$4,810,604
72$6,583,306$2,636,604$1,959,935$5,174,326
73$7,189,821$2,700,815$1,960,610$5,572,427
74$7,856,152$2,766,125$1,959,261$6,008,374
75$8,588,339$2,832,523$1,955,755$6,485,988
76$9,393,030$2,899,998$1,949,953$7,009,477
77$10,277,553$2,968,532$1,941,711$7,583,482
78$11,249,981$3,038,107$1,930,875$8,213,118
79$12,319,205$3,108,701$1,917,286$8,904,020
80$13,495,025$3,180,288$1,900,776$9,662,401
81$14,788,235$3,252,840$1,881,169$10,495,106
82$16,210,730$3,326,323$1,858,283$11,409,682
83$17,775,612$3,400,701$1,831,924$12,414,445
84$19,497,322$3,475,933$1,801,890$13,518,561
85$21,391,766$3,551,971$1,767,971$14,732,131
86$23,476,474$3,628,766$1,729,946$16,066,290
87$25,770,759$3,706,260$1,687,584$17,533,310
88$28,295,901$3,784,391$1,640,642$19,146,713
89$31,075,348$3,863,091$1,588,869$20,921,407
90$34,134,937$3,942,286$1,531,999$22,873,820
91$37,503,135$4,021,892$1,469,756$25,022,057
92$41,211,312$4,101,823$1,401,850$27,386,074
93$45,294,034$4,181,979$1,327,980$29,987,865
94$49,789,386$4,262,258$1,247,828$32,851,668
95$54,739,339$4,342,544$1,161,066$36,004,199
96$60,190,137$4,422,714$1,067,347$39,474,900
97$66,192,739$4,502,635$966,311$43,296,220
98$72,803,298$4,582,163$857,582$47,503,924
99$80,083,688$4,661,143$740,765$52,137,425
100$88,102,094$4,739,409$615,450$57,240,162