Can I retire at age 57 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$144,513$143,226$141,970$140,744$139,547$135,843
2 years$71,541$70,209$68,918$67,666$66,451$62,745
3 years$47,220$45,882$44,594$43,354$42,159$38,567
4 years$35,062$33,728$32,453$31,234$30,068$26,618
5 years$27,769$26,443$25,185$23,991$22,858$19,559
6 years$22,909$21,593$20,353$19,186$18,086$14,942
7 years$19,439$18,134$16,914$15,774$14,709$11,719
8 years$16,837$15,544$14,344$13,232$12,203$9,366
9 years$14,815$13,534$12,355$11,271$10,276$7,590
10 years$13,198$11,929$10,771$9,716$8,756$6,217
11 years$11,876$10,620$9,483$8,455$7,530$5,135
12 years$10,775$9,532$8,416$7,417$6,526$4,269
13 years$9,844$8,614$7,519$6,548$5,691$3,568
14 years$9,047$7,830$6,756$5,812$4,988$2,995
15 years$8,357$7,153$6,099$5,184$4,392$2,523
16 years$7,753$6,563$5,530$4,641$3,882$2,132
17 years$7,221$6,044$5,032$4,170$3,442$1,806
18 years$6,749$5,585$4,594$3,758$3,060$1,532
19 years$6,327$5,176$4,205$3,396$2,728$1,303
20 years$5,948$4,810$3,859$3,076$2,436$1,109
21 years$5,605$4,480$3,550$2,791$2,180$945
22 years$5,294$4,182$3,272$2,538$1,954$807
23 years$5,010$3,911$3,021$2,311$1,754$689
24 years$4,750$3,665$2,794$2,108$1,577$589
25 years$4,512$3,439$2,588$1,925$1,419$504
26 years$4,292$3,232$2,400$1,760$1,278$431
27 years$4,089$3,042$2,229$1,611$1,152$369
28 years$3,900$2,866$2,072$1,476$1,040$316
29 years$3,725$2,704$1,928$1,354$939$271
30 years$3,562$2,554$1,796$1,242$848$232
31 years$3,410$2,414$1,674$1,141$767$199
32 years$3,268$2,284$1,562$1,049$694$170
33 years$3,134$2,163$1,458$964$628$146
34 years$3,009$2,050$1,363$887$568$125
35 years$2,891$1,945$1,274$817$515$107
36 years$2,779$1,846$1,192$752$467$92
37 years$2,674$1,753$1,116$693$423$79
38 years$2,575$1,666$1,045$639$383$68
39 years$2,481$1,584$979$589$348$58
40 years$2,393$1,507$917$543$315$50
41 years$2,308$1,435$860$501$286$43
42 years$2,228$1,366$807$463$260$37
43 years$2,152$1,302$757$427$236$32
44 years$2,079$1,241$711$394$214$27
45 years$2,010$1,183$667$364$194$23
46 years$1,944$1,129$627$336$176$20
47 years$1,881$1,077$589$311$160$17
48 years$1,821$1,028$553$287$145$15
49 years$1,764$982$520$265$132$13
50 years$1,709$938$489$245$120$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,750,000, adding $5,362 every year, while hoping to spend $35,353 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: 36/46/18 Blend
56$1,750,000$1,750,000$1,750,000$1,750,000
57$1,934,031$1,841,281$1,814,156$1,992,887
58$2,093,687$1,893,888$1,837,315$2,088,736
59$2,268,443$1,947,889$1,860,065$2,188,432
60$2,459,801$2,003,313$1,882,354$2,295,318
61$2,669,418$2,060,192$1,904,130$2,410,057
62$2,899,115$2,118,558$1,925,335$2,533,376
63$3,150,900$2,178,442$1,945,909$2,666,076
64$3,426,983$2,239,877$1,965,788$2,809,037
65$3,729,800$2,302,896$1,984,906$2,963,229
66$4,062,031$2,367,530$2,003,193$3,129,718
67$4,426,632$2,433,812$2,020,573$3,309,679
68$4,826,856$2,501,776$2,036,970$3,504,403
69$5,266,286$2,571,454$2,052,299$3,715,314
70$5,748,872$2,642,880$2,066,476$3,943,978
71$6,278,963$2,716,087$2,079,409$4,192,119
72$6,861,349$2,791,108$2,091,001$4,461,636
73$7,501,310$2,867,975$2,101,153$4,754,621
74$8,204,660$2,946,723$2,109,758$5,073,377
75$8,977,806$3,027,383$2,116,706$5,420,440
76$9,827,805$3,109,987$2,121,878$5,798,605
77$10,762,433$3,194,569$2,125,153$6,210,949
78$11,790,258$3,281,159$2,126,402$6,660,863
79$12,920,717$3,369,788$2,125,489$7,152,080
80$14,164,210$3,460,488$2,122,274$7,688,715
81$15,532,196$3,553,288$2,116,606$8,275,301
82$17,037,298$3,648,217$2,108,330$8,916,830
83$18,693,426$3,745,304$2,097,283$9,618,805
84$20,515,907$3,844,575$2,083,293$10,387,287
85$22,521,626$3,946,056$2,066,180$11,228,955
86$24,729,192$4,049,773$2,045,757$12,151,167
87$27,159,105$4,155,748$2,021,826$13,162,032
88$29,833,958$4,264,003$1,994,181$14,270,484
89$32,778,640$4,374,558$1,962,605$15,486,368
90$36,020,582$4,487,431$1,926,872$16,820,532
91$39,590,005$4,602,639$1,886,746$18,284,930
92$43,520,211$4,720,194$1,841,978$19,892,733
93$47,847,898$4,840,109$1,792,309$21,658,459
94$52,613,500$4,962,391$1,737,468$23,598,102
95$57,861,575$5,087,046$1,677,171$25,729,288
96$63,641,220$5,214,076$1,611,121$28,071,443
97$70,006,539$5,343,480$1,539,009$30,645,971
98$77,017,149$5,475,254$1,460,508$33,476,462
99$84,738,745$5,609,387$1,375,281$36,588,911
100$93,243,717$5,745,867$1,282,974$40,011,965