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%20%
1 years$143,688$142,408$141,159$139,940$138,750$133,192
2 years$71,132$69,808$68,524$67,279$66,071$60,542
3 years$46,951$45,620$44,339$43,106$41,918$36,591
4 years$34,862$33,536$32,268$31,056$29,897$24,812
5 years$27,611$26,292$25,041$23,854$22,727$17,898
6 years$22,778$21,470$20,237$19,076$17,983$13,413
7 years$19,328$18,030$16,817$15,683$14,625$10,312
8 years$16,741$15,455$14,262$13,156$12,133$8,073
9 years$14,730$13,457$12,284$11,206$10,218$6,404
10 years$13,122$11,861$10,709$9,660$8,706$5,131
11 years$11,808$10,559$9,428$8,407$7,487$4,143
12 years$10,713$9,478$8,367$7,374$6,488$3,365
13 years$9,788$8,565$7,476$6,510$5,658$2,746
14 years$8,995$7,785$6,717$5,779$4,960$2,250
15 years$8,309$7,112$6,065$5,154$4,367$1,849
16 years$7,709$6,525$5,498$4,615$3,860$1,523
17 years$7,180$6,009$5,003$4,146$3,422$1,257
18 years$6,711$5,553$4,567$3,737$3,043$1,040
19 years$6,291$5,146$4,181$3,376$2,712$861
20 years$5,914$4,782$3,837$3,058$2,423$713
21 years$5,573$4,455$3,530$2,775$2,168$592
22 years$5,263$4,158$3,253$2,523$1,943$491
23 years$4,981$3,889$3,004$2,298$1,744$408
24 years$4,723$3,644$2,778$2,096$1,568$339
25 years$4,486$3,419$2,573$1,914$1,411$282
26 years$4,267$3,214$2,386$1,750$1,271$235
27 years$4,065$3,025$2,216$1,602$1,146$195
28 years$3,878$2,850$2,060$1,468$1,034$163
29 years$3,704$2,689$1,917$1,346$934$135
30 years$3,542$2,539$1,786$1,235$843$113
31 years$3,391$2,400$1,665$1,135$763$94
32 years$3,249$2,271$1,553$1,043$690$78
33 years$3,116$2,151$1,450$959$624$65
34 years$2,991$2,039$1,355$882$565$54
35 years$2,874$1,934$1,267$812$512$45
36 years$2,764$1,835$1,185$748$464$38
37 years$2,659$1,743$1,109$689$420$31
38 years$2,561$1,656$1,039$635$381$26
39 years$2,467$1,575$973$586$346$22
40 years$2,379$1,499$912$540$313$18
41 years$2,295$1,427$855$498$284$15
42 years$2,215$1,359$802$460$258$13
43 years$2,139$1,294$753$425$234$10
44 years$2,067$1,234$707$392$213$9
45 years$1,999$1,177$664$362$193$7
46 years$1,933$1,122$623$334$175$6
47 years$1,871$1,071$585$309$159$5
48 years$1,811$1,023$550$286$145$4
49 years$1,754$977$517$264$131$4
50 years$1,699$933$486$244$119$3

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 $4,796 every year, while hoping to spend $55,053 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: 45/42/13 Blend
56$1,740,000$1,740,000$1,740,000$1,740,000
57$1,922,427$1,830,207$1,803,237$2,001,608
58$2,059,939$1,861,311$1,805,070$2,088,249
59$2,209,631$1,892,094$1,805,118$2,176,182
60$2,372,689$1,922,483$1,803,265$2,270,317
61$2,550,416$1,952,397$1,799,387$2,371,249
62$2,744,246$1,981,751$1,793,354$2,479,635
63$2,955,757$2,010,456$1,785,030$2,596,200
64$3,186,689$2,038,412$1,774,272$2,721,743
65$3,438,952$2,065,516$1,760,932$2,857,146
66$3,714,654$2,091,655$1,744,852$3,003,385
67$4,016,113$2,116,710$1,725,868$3,161,535
68$4,345,881$2,140,553$1,703,810$3,332,781
69$4,706,770$2,163,049$1,678,496$3,518,434
70$5,101,874$2,184,052$1,649,739$3,719,940
71$5,534,601$2,203,407$1,617,342$3,938,893
72$6,008,705$2,220,949$1,581,098$4,177,056
73$6,528,320$2,236,502$1,540,791$4,436,372
74$7,097,997$2,249,879$1,496,196$4,718,985
75$7,722,751$2,260,881$1,447,076$5,027,263
76$8,408,103$2,269,296$1,393,185$5,363,817
77$9,160,136$2,274,898$1,334,264$5,731,531
78$9,985,551$2,277,449$1,270,043$6,133,585
79$10,891,727$2,276,694$1,200,239$6,573,490
80$11,886,794$2,272,363$1,124,558$7,055,118
81$12,979,708$2,264,169$1,042,691$7,582,743
82$14,180,333$2,251,808$954,316$8,161,080
83$15,499,538$2,234,958$859,096$8,795,332
84$16,949,295$2,213,275$756,680$9,491,237
85$18,542,795$2,186,397$646,701$10,255,128
86$20,294,569$2,153,940$528,774$11,093,991
87$22,220,626$2,115,494$402,500$12,015,530
88$24,338,606$2,070,630$267,460$13,028,248
89$26,667,942$2,018,888$123,217$14,141,521
90$29,230,043$1,959,785$0$15,365,692
91$32,048,502$1,892,808$0$16,716,431
92$35,149,308$1,817,415$0$18,220,578
93$38,561,100$1,733,031$0$19,874,972
94$42,315,431$1,639,049$0$21,694,991
95$46,447,069$1,534,827$0$23,697,594
96$50,994,322$1,419,684$0$25,901,478
97$55,999,398$1,292,904$0$28,327,257
98$61,508,807$1,153,726$0$30,997,661
99$67,573,795$1,001,350$0$33,937,750
100$74,250,832$834,926$0$37,175,151