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%18.3%
1 years$143,688$142,408$141,159$139,940$138,750$134,094
2 years$71,132$69,808$68,524$67,279$66,071$61,426
3 years$46,951$45,620$44,339$43,106$41,918$37,430
4 years$34,862$33,536$32,268$31,056$29,897$25,600
5 years$27,611$26,292$25,041$23,854$22,727$18,633
6 years$22,778$21,470$20,237$19,076$17,983$14,095
7 years$19,328$18,030$16,817$15,683$14,625$10,942
8 years$16,741$15,455$14,262$13,156$12,133$8,653
9 years$14,730$13,457$12,284$11,206$10,218$6,936
10 years$13,122$11,861$10,709$9,660$8,706$5,617
11 years$11,808$10,559$9,428$8,407$7,487$4,586
12 years$10,713$9,478$8,367$7,374$6,488$3,768
13 years$9,788$8,565$7,476$6,510$5,658$3,111
14 years$8,995$7,785$6,717$5,779$4,960$2,579
15 years$8,309$7,112$6,065$5,154$4,367$2,145
16 years$7,709$6,525$5,498$4,615$3,860$1,789
17 years$7,180$6,009$5,003$4,146$3,422$1,496
18 years$6,711$5,553$4,567$3,737$3,043$1,252
19 years$6,291$5,146$4,181$3,376$2,712$1,050
20 years$5,914$4,782$3,837$3,058$2,423$882
21 years$5,573$4,455$3,530$2,775$2,168$741
22 years$5,263$4,158$3,253$2,523$1,943$624
23 years$4,981$3,889$3,004$2,298$1,744$525
24 years$4,723$3,644$2,778$2,096$1,568$443
25 years$4,486$3,419$2,573$1,914$1,411$373
26 years$4,267$3,214$2,386$1,750$1,271$315
27 years$4,065$3,025$2,216$1,602$1,146$265
28 years$3,878$2,850$2,060$1,468$1,034$224
29 years$3,704$2,689$1,917$1,346$934$189
30 years$3,542$2,539$1,786$1,235$843$160
31 years$3,391$2,400$1,665$1,135$763$135
32 years$3,249$2,271$1,553$1,043$690$114
33 years$3,116$2,151$1,450$959$624$96
34 years$2,991$2,039$1,355$882$565$81
35 years$2,874$1,934$1,267$812$512$69
36 years$2,764$1,835$1,185$748$464$58
37 years$2,659$1,743$1,109$689$420$49
38 years$2,561$1,656$1,039$635$381$41
39 years$2,467$1,575$973$586$346$35
40 years$2,379$1,499$912$540$313$30
41 years$2,295$1,427$855$498$284$25
42 years$2,215$1,359$802$460$258$21
43 years$2,139$1,294$753$425$234$18
44 years$2,067$1,234$707$392$213$15
45 years$1,999$1,177$664$362$193$13
46 years$1,933$1,122$623$334$175$11
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$8
49 years$1,754$977$517$264$131$7
50 years$1,699$933$486$244$119$6

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 $5,545 every year, while hoping to spend $53,845 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: 57/25/18 Blend
56$1,740,000$1,740,000$1,740,000$1,740,000
57$1,923,200$1,830,980$1,804,010$2,023,376
58$2,062,075$1,863,407$1,807,153$2,124,513
59$2,213,312$1,895,619$1,808,598$2,228,365
60$2,378,113$1,927,547$1,808,229$2,340,330
61$2,557,803$1,959,120$1,805,928$2,461,200
62$2,753,842$1,990,259$1,801,569$2,591,846
63$2,967,833$2,020,881$1,795,020$2,733,231
64$3,201,544$2,050,897$1,786,146$2,886,416
65$3,456,920$2,080,209$1,774,800$3,052,570
66$3,736,101$2,108,715$1,760,832$3,232,984
67$4,041,447$2,136,305$1,744,083$3,429,080
68$4,375,552$2,162,862$1,724,387$3,642,428
69$4,741,275$2,188,259$1,701,571$3,874,757
70$5,141,763$2,212,362$1,675,452$4,127,975
71$5,580,483$2,235,027$1,645,839$4,404,188
72$6,061,251$2,256,103$1,612,534$4,705,716
73$6,588,272$2,275,425$1,575,327$5,035,117
74$7,166,176$2,292,820$1,534,000$5,395,215
75$7,800,061$2,308,104$1,488,324$5,789,121
76$8,495,545$2,321,079$1,438,061$6,220,269
77$9,258,815$2,331,536$1,382,960$6,692,442
78$10,096,685$2,339,252$1,322,760$7,209,814
79$11,016,662$2,343,990$1,257,188$7,776,989
80$12,027,015$2,345,500$1,185,957$8,399,042
81$13,136,854$2,343,513$1,108,770$9,081,569
82$14,356,214$2,337,745$1,025,315$9,830,741
83$15,696,149$2,327,896$935,264$10,653,364
84$17,168,839$2,313,646$838,279$11,556,940
85$18,787,702$2,294,656$734,002$12,549,742
86$20,567,520$2,270,566$622,063$13,640,894
87$22,524,578$2,240,995$502,073$14,840,452
88$24,676,820$2,205,539$373,628$16,159,507
89$27,044,015$2,163,770$236,304$17,610,286
90$29,647,943$2,115,234$89,659$19,206,270
91$32,512,604$2,059,451$0$20,962,321
92$35,664,438$1,995,912$0$22,907,663
93$39,132,579$1,924,080$0$25,066,735
94$42,949,127$1,843,385$0$27,442,313
95$47,149,451$1,753,224$0$30,056,456
96$51,772,523$1,652,960$0$32,933,475
97$56,861,284$1,541,918$0$36,100,166
98$62,463,049$1,419,387$0$39,586,062
99$68,629,955$1,284,611$0$43,423,713
100$75,419,449$1,136,795$0$47,648,996