Can I retire at age 57 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$142,862$141,589$140,348$139,136$137,953$134,128
2 years$70,724$69,406$68,130$66,892$65,692$61,867
3 years$46,681$45,358$44,085$42,859$41,678$37,973
4 years$34,662$33,343$32,082$30,877$29,725$26,168
5 years$27,452$26,141$24,897$23,717$22,596$19,198
6 years$22,647$21,346$20,121$18,966$17,880$14,642
7 years$19,217$17,927$16,720$15,593$14,541$11,464
8 years$16,645$15,366$14,180$13,081$12,063$9,146
9 years$14,646$13,379$12,213$11,142$10,159$7,399
10 years$13,047$11,793$10,648$9,604$8,656$6,049
11 years$11,740$10,499$9,374$8,359$7,444$4,986
12 years$10,652$9,423$8,319$7,332$6,451$4,137
13 years$9,732$8,516$7,433$6,473$5,626$3,451
14 years$8,943$7,741$6,678$5,746$4,931$2,891
15 years$8,261$7,071$6,030$5,124$4,342$2,430
16 years$7,665$6,488$5,467$4,588$3,837$2,049
17 years$7,139$5,975$4,975$4,123$3,402$1,732
18 years$6,672$5,521$4,541$3,715$3,025$1,466
19 years$6,255$5,117$4,157$3,357$2,697$1,244
20 years$5,880$4,755$3,815$3,040$2,409$1,057
21 years$5,541$4,429$3,509$2,759$2,155$898
22 years$5,233$4,134$3,234$2,509$1,932$765
23 years$4,953$3,867$2,986$2,285$1,734$652
24 years$4,696$3,623$2,762$2,084$1,559$556
25 years$4,460$3,400$2,558$1,903$1,403$474
26 years$4,243$3,195$2,372$1,740$1,264$405
27 years$4,042$3,007$2,203$1,593$1,139$346
28 years$3,856$2,834$2,048$1,459$1,028$295
29 years$3,683$2,673$1,906$1,338$928$252
30 years$3,522$2,525$1,775$1,228$839$216
31 years$3,371$2,387$1,655$1,128$758$184
32 years$3,230$2,258$1,544$1,037$686$158
33 years$3,098$2,139$1,442$953$621$135
34 years$2,974$2,027$1,347$877$562$115
35 years$2,858$1,922$1,259$807$509$99
36 years$2,748$1,825$1,178$744$461$84
37 years$2,644$1,733$1,103$685$418$72
38 years$2,546$1,647$1,033$632$379$62
39 years$2,453$1,566$968$582$344$53
40 years$2,365$1,490$907$537$312$45
41 years$2,282$1,418$850$496$283$39
42 years$2,203$1,351$798$457$257$33
43 years$2,127$1,287$748$422$233$28
44 years$2,055$1,227$703$390$211$24
45 years$1,987$1,170$660$360$192$21
46 years$1,922$1,116$620$333$174$18
47 years$1,860$1,065$582$307$158$15
48 years$1,800$1,017$547$284$144$13
49 years$1,743$971$514$262$130$11
50 years$1,689$927$483$242$119$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,730,000, adding $6,974 every year, while hoping to spend $50,748 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: 64/8/28 Blend
56$1,730,000$1,730,000$1,730,000$1,730,000
57$1,913,654$1,821,964$1,795,149$2,021,476
58$2,054,851$1,857,244$1,801,291$2,130,606
59$2,208,749$1,892,553$1,805,938$2,243,589
60$2,376,591$1,927,837$1,808,986$2,365,945
61$2,559,743$1,963,041$1,810,326$2,498,603
62$2,759,709$1,998,103$1,809,845$2,642,585
63$2,978,147$2,032,957$1,807,422$2,799,020
64$3,216,879$2,067,533$1,802,932$2,969,151
65$3,477,913$2,101,755$1,796,243$3,154,350
66$3,763,460$2,135,540$1,787,216$3,356,130
67$4,075,952$2,168,801$1,775,707$3,576,156
68$4,418,070$2,201,443$1,761,564$3,816,269
69$4,792,765$2,233,365$1,744,628$4,078,493
70$5,203,286$2,264,459$1,724,732$4,365,066
71$5,653,212$2,294,609$1,701,702$4,678,450
72$6,146,486$2,323,691$1,675,355$5,021,362
73$6,687,448$2,351,572$1,645,500$5,396,798
74$7,280,879$2,378,111$1,611,936$5,808,061
75$7,932,047$2,403,157$1,574,454$6,258,791
76$8,646,753$2,426,548$1,532,835$6,753,005
77$9,431,386$2,448,113$1,486,849$7,295,126
78$10,292,985$2,467,669$1,436,257$7,890,037
79$11,239,305$2,485,020$1,380,807$8,543,116
80$12,278,887$2,499,959$1,320,237$9,260,295
81$13,421,142$2,512,265$1,254,273$10,048,113
82$14,676,435$2,521,703$1,182,628$10,913,778
83$16,056,188$2,528,023$1,105,003$11,865,239
84$17,572,983$2,530,960$1,021,084$12,911,256
85$19,240,681$2,530,231$930,544$14,061,488
86$21,074,555$2,525,537$833,042$15,326,582
87$23,091,431$2,516,559$728,220$16,718,276
88$25,309,848$2,502,961$615,705$18,249,509
89$27,750,230$2,484,383$495,109$19,934,543
90$30,435,082$2,460,447$366,024$21,789,102
91$33,389,201$2,430,750$228,027$23,830,518
92$36,639,907$2,394,864$80,673$26,077,895
93$40,217,302$2,352,337$0$28,552,293
94$44,154,556$2,302,690$0$31,299,804
95$48,488,215$2,245,416$0$34,350,345
96$53,258,549$2,179,978$0$37,708,145
97$58,509,930$2,105,805$0$41,404,449
98$64,291,250$2,022,298$0$45,473,689
99$70,656,384$1,928,817$0$49,953,807
100$77,664,696$1,824,690$0$54,886,612