Can I retire at age 57 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$143,688$142,408$141,159$139,940$138,750$134,958
2 years$71,132$69,808$68,524$67,279$66,071$62,279
3 years$46,951$45,620$44,339$43,106$41,918$38,244
4 years$34,862$33,536$32,268$31,056$29,897$26,368
5 years$27,611$26,292$25,041$23,854$22,727$19,354
6 years$22,778$21,470$20,237$19,076$17,983$14,770
7 years$19,328$18,030$16,817$15,683$14,625$11,571
8 years$16,741$15,455$14,262$13,156$12,133$9,237
9 years$14,730$13,457$12,284$11,206$10,218$7,476
10 years$13,122$11,861$10,709$9,660$8,706$6,116
11 years$11,808$10,559$9,428$8,407$7,487$5,045
12 years$10,713$9,478$8,367$7,374$6,488$4,189
13 years$9,788$8,565$7,476$6,510$5,658$3,496
14 years$8,995$7,785$6,717$5,779$4,960$2,931
15 years$8,309$7,112$6,065$5,154$4,367$2,466
16 years$7,709$6,525$5,498$4,615$3,860$2,080
17 years$7,180$6,009$5,003$4,146$3,422$1,759
18 years$6,711$5,553$4,567$3,737$3,043$1,491
19 years$6,291$5,146$4,181$3,376$2,712$1,266
20 years$5,914$4,782$3,837$3,058$2,423$1,076
21 years$5,573$4,455$3,530$2,775$2,168$916
22 years$5,263$4,158$3,253$2,523$1,943$780
23 years$4,981$3,889$3,004$2,298$1,744$665
24 years$4,723$3,644$2,778$2,096$1,568$568
25 years$4,486$3,419$2,573$1,914$1,411$485
26 years$4,267$3,214$2,386$1,750$1,271$414
27 years$4,065$3,025$2,216$1,602$1,146$354
28 years$3,878$2,850$2,060$1,468$1,034$302
29 years$3,704$2,689$1,917$1,346$934$259
30 years$3,542$2,539$1,786$1,235$843$221
31 years$3,391$2,400$1,665$1,135$763$189
32 years$3,249$2,271$1,553$1,043$690$162
33 years$3,116$2,151$1,450$959$624$139
34 years$2,991$2,039$1,355$882$565$119
35 years$2,874$1,934$1,267$812$512$102
36 years$2,764$1,835$1,185$748$464$87
37 years$2,659$1,743$1,109$689$420$75
38 years$2,561$1,656$1,039$635$381$64
39 years$2,467$1,575$973$586$346$55
40 years$2,379$1,499$912$540$313$47
41 years$2,295$1,427$855$498$284$40
42 years$2,215$1,359$802$460$258$34
43 years$2,139$1,294$753$425$234$29
44 years$2,067$1,234$707$392$213$25
45 years$1,999$1,177$664$362$193$22
46 years$1,933$1,122$623$334$175$19
47 years$1,871$1,071$585$309$159$16
48 years$1,811$1,023$550$286$145$14
49 years$1,754$977$517$264$131$12
50 years$1,699$933$486$244$119$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,740,000, adding $3,807 every year, while hoping to spend $32,481 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: 38/32/30 Blend
56$1,740,000$1,740,000$1,740,000$1,740,000
57$1,921,407$1,829,187$1,802,217$1,977,154
58$2,082,831$1,884,258$1,828,032$2,073,724
59$2,259,631$1,940,938$1,853,623$2,174,792
60$2,453,343$1,999,273$1,878,948$2,283,417
61$2,665,654$2,059,308$1,903,963$2,400,308
62$2,898,427$2,121,090$1,928,622$2,526,245
63$3,153,710$2,184,667$1,952,874$2,662,088
64$3,433,761$2,250,088$1,976,668$2,808,781
65$3,741,065$2,317,403$1,999,947$2,967,367
66$4,078,362$2,386,664$2,022,654$3,138,990
67$4,448,668$2,457,924$2,044,726$3,324,914
68$4,855,307$2,531,236$2,066,098$3,526,526
69$5,301,937$2,606,656$2,086,702$3,745,358
70$5,792,593$2,684,241$2,106,465$3,983,095
71$6,331,717$2,764,047$2,125,310$4,241,593
72$6,924,202$2,846,135$2,143,158$4,522,896
73$7,575,439$2,930,565$2,159,923$4,829,256
74$8,291,370$3,017,398$2,175,516$5,163,154
75$9,078,537$3,106,698$2,189,843$5,527,322
76$9,944,151$3,198,530$2,202,806$5,924,770
77$10,896,155$3,292,959$2,214,301$6,358,816
78$11,943,301$3,390,052$2,224,218$6,833,112
79$13,095,232$3,489,878$2,232,443$7,351,686
80$14,362,572$3,592,508$2,238,856$7,918,970
81$15,757,026$3,698,013$2,243,330$8,539,854
82$17,291,493$3,806,467$2,245,732$9,219,721
83$18,980,185$3,917,943$2,245,923$9,964,505
84$20,838,759$4,032,517$2,243,757$10,780,743
85$22,884,469$4,150,267$2,239,080$11,675,638
86$25,136,327$4,271,272$2,231,731$12,657,128
87$27,615,280$4,395,612$2,221,541$13,733,961
88$30,344,410$4,523,369$2,208,335$14,915,775
89$33,349,151$4,654,625$2,191,925$16,213,191
90$36,657,529$4,789,466$2,172,119$17,637,913
91$40,300,424$4,927,977$2,148,712$19,202,839
92$44,311,865$5,070,245$2,121,491$20,922,182
93$48,729,348$5,216,360$2,090,234$22,811,606
94$53,594,191$5,366,411$2,054,706$24,888,369
95$58,951,923$5,520,490$2,014,664$27,171,493
96$64,852,714$5,678,689$1,969,850$29,681,940
97$71,351,848$5,841,103$1,919,998$32,442,807
98$78,510,245$6,007,825$1,864,826$35,479,552
99$86,395,035$6,178,953$1,804,042$38,820,228
100$95,080,190$6,354,584$1,737,339$42,495,748