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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$143,688$142,408$141,159$139,940$138,750$136,959
2 years$71,132$69,808$68,524$67,279$66,071$64,270
3 years$46,951$45,620$44,339$43,106$41,918$40,162
4 years$34,862$33,536$32,268$31,056$29,897$28,199
5 years$27,611$26,292$25,041$23,854$22,727$21,093
6 years$22,778$21,470$20,237$19,076$17,983$16,415
7 years$19,328$18,030$16,817$15,683$14,625$13,123
8 years$16,741$15,455$14,262$13,156$12,133$10,697
9 years$14,730$13,457$12,284$11,206$10,218$8,847
10 years$13,122$11,861$10,709$9,660$8,706$7,399
11 years$11,808$10,559$9,428$8,407$7,487$6,244
12 years$10,713$9,478$8,367$7,374$6,488$5,307
13 years$9,788$8,565$7,476$6,510$5,658$4,537
14 years$8,995$7,785$6,717$5,779$4,960$3,897
15 years$8,309$7,112$6,065$5,154$4,367$3,361
16 years$7,709$6,525$5,498$4,615$3,860$2,909
17 years$7,180$6,009$5,003$4,146$3,422$2,524
18 years$6,711$5,553$4,567$3,737$3,043$2,196
19 years$6,291$5,146$4,181$3,376$2,712$1,915
20 years$5,914$4,782$3,837$3,058$2,423$1,672
21 years$5,573$4,455$3,530$2,775$2,168$1,463
22 years$5,263$4,158$3,253$2,523$1,943$1,281
23 years$4,981$3,889$3,004$2,298$1,744$1,124
24 years$4,723$3,644$2,778$2,096$1,568$986
25 years$4,486$3,419$2,573$1,914$1,411$867
26 years$4,267$3,214$2,386$1,750$1,271$762
27 years$4,065$3,025$2,216$1,602$1,146$670
28 years$3,878$2,850$2,060$1,468$1,034$590
29 years$3,704$2,689$1,917$1,346$934$520
30 years$3,542$2,539$1,786$1,235$843$458
31 years$3,391$2,400$1,665$1,135$763$404
32 years$3,249$2,271$1,553$1,043$690$356
33 years$3,116$2,151$1,450$959$624$314
34 years$2,991$2,039$1,355$882$565$277
35 years$2,874$1,934$1,267$812$512$245
36 years$2,764$1,835$1,185$748$464$216
37 years$2,659$1,743$1,109$689$420$191
38 years$2,561$1,656$1,039$635$381$168
39 years$2,467$1,575$973$586$346$149
40 years$2,379$1,499$912$540$313$131
41 years$2,295$1,427$855$498$284$116
42 years$2,215$1,359$802$460$258$103
43 years$2,139$1,294$753$425$234$91
44 years$2,067$1,234$707$392$213$80
45 years$1,999$1,177$664$362$193$71
46 years$1,933$1,122$623$334$175$63
47 years$1,871$1,071$585$309$159$55
48 years$1,811$1,023$550$286$145$49
49 years$1,754$977$517$264$131$43
50 years$1,699$933$486$244$119$38

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 $2,568 every year, while hoping to spend $56,594 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: 48/43/9 Blend
56$1,740,000$1,740,000$1,740,000$1,740,000
57$1,920,129$1,827,909$1,800,939$2,007,507
58$2,055,766$1,857,261$1,801,055$2,097,096
59$2,203,342$1,886,154$1,799,278$2,188,164
60$2,364,014$1,914,507$1,795,485$2,285,733
61$2,539,057$1,942,231$1,789,546$2,390,423
62$2,729,872$1,969,231$1,781,327$2,502,924
63$2,938,002$1,995,407$1,770,686$2,623,991
64$3,165,148$2,020,651$1,757,472$2,754,461
65$3,413,177$2,044,847$1,741,532$2,895,257
66$3,684,148$2,067,872$1,722,701$3,047,396
67$3,980,328$2,089,595$1,700,808$3,212,003
68$4,304,210$2,109,874$1,675,674$3,390,316
69$4,658,542$2,128,560$1,647,111$3,583,705
70$5,046,348$2,145,494$1,614,924$3,793,678
71$5,470,958$2,160,506$1,578,907$4,021,902
72$5,936,040$2,173,414$1,538,844$4,270,215
73$6,445,632$2,184,028$1,494,511$4,540,646
74$7,004,182$2,192,140$1,445,673$4,835,434
75$7,616,588$2,197,535$1,392,082$5,157,049
76$8,288,246$2,199,980$1,333,483$5,508,217
77$9,025,099$2,199,231$1,269,607$5,891,945
78$9,833,691$2,195,025$1,200,170$6,311,552
79$10,721,232$2,187,087$1,124,881$6,770,699
80$11,695,665$2,175,121$1,043,432$7,273,428
81$12,765,737$2,158,816$955,501$7,824,194
82$13,941,086$2,137,842$860,754$8,427,915
83$15,232,327$2,111,847$758,840$9,090,017
84$16,651,157$2,080,459$649,393$9,816,483
85$18,210,459$2,043,285$532,031$10,613,917
86$19,924,427$1,999,908$406,356$11,489,602
87$21,808,700$1,949,884$271,950$12,451,572
88$23,880,506$1,892,748$128,379$13,508,688
89$26,158,827$1,828,001$0$14,670,726
90$28,664,575$1,755,122$0$15,950,852
91$31,420,793$1,673,554$0$17,371,886
92$34,452,866$1,582,711$0$18,934,650
93$37,788,767$1,481,971$0$20,653,658
94$41,459,313$1,370,680$0$22,544,918
95$45,498,461$1,248,142$0$24,626,077
96$49,943,627$1,113,624$0$26,916,596
97$54,836,037$966,350$0$29,437,931
98$60,221,113$805,503$0$32,213,741
99$66,148,910$630,215$0$35,270,110
100$72,674,577$439,574$0$38,635,799