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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$142,036$140,771$139,536$138,332$137,155$136,463
2 years$70,315$69,005$67,736$66,506$65,312$64,613
3 years$46,411$45,096$43,830$42,611$41,437$40,753
4 years$34,461$33,150$31,897$30,699$29,553$28,890
5 years$27,293$25,990$24,753$23,580$22,466$21,825
6 years$22,516$21,223$20,004$18,857$17,776$17,159
7 years$19,106$17,823$16,624$15,503$14,457$13,863
8 years$16,549$15,278$14,098$13,005$11,993$11,423
9 years$14,561$13,302$12,143$11,078$10,100$9,553
10 years$12,972$11,725$10,586$9,549$8,606$8,082
11 years$11,672$10,438$9,320$8,310$7,401$6,901
12 years$10,590$9,369$8,271$7,289$6,414$5,936
13 years$9,675$8,466$7,390$6,435$5,593$5,137
14 years$8,892$7,696$6,640$5,713$4,903$4,468
15 years$8,213$7,030$5,995$5,095$4,317$3,903
16 years$7,620$6,450$5,435$4,562$3,815$3,422
17 years$7,098$5,940$4,946$4,099$3,383$3,010
18 years$6,633$5,489$4,515$3,694$3,008$2,654
19 years$6,219$5,087$4,133$3,338$2,681$2,346
20 years$5,846$4,727$3,793$3,023$2,395$2,077
21 years$5,509$4,403$3,489$2,743$2,143$1,843
22 years$5,203$4,110$3,216$2,494$1,921$1,637
23 years$4,924$3,844$2,969$2,272$1,724$1,457
24 years$4,669$3,602$2,746$2,072$1,550$1,297
25 years$4,434$3,380$2,543$1,892$1,395$1,157
26 years$4,218$3,177$2,359$1,730$1,256$1,033
27 years$4,019$2,990$2,190$1,584$1,133$922
28 years$3,834$2,817$2,036$1,451$1,022$824
29 years$3,661$2,658$1,895$1,331$923$737
30 years$3,501$2,510$1,765$1,221$834$660
31 years$3,352$2,373$1,645$1,121$754$591
32 years$3,212$2,245$1,535$1,031$682$529
33 years$3,080$2,126$1,433$948$617$474
34 years$2,957$2,015$1,339$872$559$425
35 years$2,841$1,911$1,252$803$506$381
36 years$2,732$1,814$1,171$739$459$342
37 years$2,629$1,723$1,096$681$416$307
38 years$2,531$1,637$1,027$628$377$275
39 years$2,439$1,557$962$579$342$247
40 years$2,352$1,481$902$534$310$222
41 years$2,269$1,410$845$493$281$199
42 years$2,190$1,343$793$455$255$179
43 years$2,115$1,280$744$420$232$161
44 years$2,044$1,220$699$388$210$144
45 years$1,976$1,163$656$358$191$130
46 years$1,911$1,110$616$331$173$117
47 years$1,849$1,059$579$305$157$105
48 years$1,790$1,011$544$282$143$94
49 years$1,733$965$511$261$130$85
50 years$1,679$922$481$241$118$76

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 $3,135 every year, while hoping to spend $23,611 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: 45/28/27 Blend
56$1,720,000$1,720,000$1,720,000$1,720,000
57$1,898,674$1,807,514$1,780,854$1,969,172
58$2,067,217$1,870,960$1,815,390$2,082,972
59$2,252,159$1,936,724$1,850,293$2,203,795
60$2,455,150$2,004,894$1,885,548$2,334,374
61$2,678,004$2,075,562$1,921,142$2,475,635
62$2,922,720$2,148,825$1,957,061$2,628,591
63$3,191,502$2,224,781$1,993,286$2,794,359
64$3,486,775$2,303,535$2,029,801$2,974,170
65$3,811,213$2,385,195$2,066,587$3,169,374
66$4,167,760$2,469,874$2,103,621$3,381,459
67$4,559,661$2,557,687$2,140,882$3,612,063
68$4,990,490$2,648,757$2,178,345$3,862,985
69$5,464,185$2,743,210$2,215,983$4,136,210
70$5,985,082$2,841,179$2,253,770$4,433,919
71$6,557,964$2,942,800$2,291,674$4,758,515
72$7,188,095$3,048,215$2,329,664$5,112,642
73$7,881,278$3,157,575$2,367,705$5,499,212
74$8,643,905$3,271,033$2,405,760$5,921,429
75$9,483,021$3,388,751$2,443,790$6,382,824
76$10,406,385$3,510,897$2,481,754$6,887,283
77$11,422,550$3,637,644$2,519,606$7,439,085
78$12,540,937$3,769,176$2,557,300$8,042,942
79$13,771,929$3,905,681$2,594,785$8,704,046
80$15,126,963$4,047,357$2,632,008$9,428,112
81$16,618,645$4,194,409$2,668,913$10,221,435
82$18,260,864$4,347,053$2,705,438$11,090,949
83$20,068,924$4,505,510$2,741,522$12,044,291
84$22,059,687$4,670,013$2,777,096$13,089,873
85$24,251,736$4,840,804$2,812,089$14,236,962
86$26,665,546$5,018,136$2,846,427$15,495,763
87$29,323,678$5,202,271$2,880,029$16,877,521
88$32,250,994$5,393,484$2,912,811$18,394,622
89$35,474,891$5,592,060$2,944,685$20,060,709
90$39,025,555$5,798,296$2,975,557$21,890,816
91$42,936,252$6,012,503$3,005,329$23,901,502
92$47,243,638$6,235,003$3,033,895$26,111,010
93$51,988,105$6,466,135$3,061,148$28,539,440
94$57,214,166$6,706,249$3,086,970$31,208,936
95$62,970,867$6,955,712$3,111,240$34,143,895
96$69,312,259$7,214,906$3,133,830$37,371,196
97$76,297,902$7,484,228$3,154,605$40,920,456
98$83,993,427$7,764,095$3,173,424$44,824,303
99$92,471,160$8,054,939$3,190,137$49,118,689
100$101,810,800$8,357,212$3,204,588$53,843,226