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%19%
1 years$144,513$143,226$141,970$140,744$139,547$134,489
2 years$71,541$70,209$68,918$67,666$66,451$61,411
3 years$47,220$45,882$44,594$43,354$42,159$37,295
4 years$35,062$33,728$32,453$31,234$30,068$25,417
5 years$27,769$26,443$25,185$23,991$22,858$18,432
6 years$22,909$21,593$20,353$19,186$18,086$13,889
7 years$19,439$18,134$16,914$15,774$14,709$10,740
8 years$16,837$15,544$14,344$13,232$12,203$8,457
9 years$14,815$13,534$12,355$11,271$10,276$6,750
10 years$13,198$11,929$10,771$9,716$8,756$5,443
11 years$11,876$10,620$9,483$8,455$7,530$4,423
12 years$10,775$9,532$8,416$7,417$6,526$3,617
13 years$9,844$8,614$7,519$6,548$5,691$2,973
14 years$9,047$7,830$6,756$5,812$4,988$2,452
15 years$8,357$7,153$6,099$5,184$4,392$2,030
16 years$7,753$6,563$5,530$4,641$3,882$1,684
17 years$7,221$6,044$5,032$4,170$3,442$1,401
18 years$6,749$5,585$4,594$3,758$3,060$1,167
19 years$6,327$5,176$4,205$3,396$2,728$973
20 years$5,948$4,810$3,859$3,076$2,436$813
21 years$5,605$4,480$3,550$2,791$2,180$680
22 years$5,294$4,182$3,272$2,538$1,954$569
23 years$5,010$3,911$3,021$2,311$1,754$476
24 years$4,750$3,665$2,794$2,108$1,577$399
25 years$4,512$3,439$2,588$1,925$1,419$335
26 years$4,292$3,232$2,400$1,760$1,278$281
27 years$4,089$3,042$2,229$1,611$1,152$235
28 years$3,900$2,866$2,072$1,476$1,040$197
29 years$3,725$2,704$1,928$1,354$939$166
30 years$3,562$2,554$1,796$1,242$848$139
31 years$3,410$2,414$1,674$1,141$767$117
32 years$3,268$2,284$1,562$1,049$694$98
33 years$3,134$2,163$1,458$964$628$82
34 years$3,009$2,050$1,363$887$568$69
35 years$2,891$1,945$1,274$817$515$58
36 years$2,779$1,846$1,192$752$467$49
37 years$2,674$1,753$1,116$693$423$41
38 years$2,575$1,666$1,045$639$383$34
39 years$2,481$1,584$979$589$348$29
40 years$2,393$1,507$917$543$315$24
41 years$2,308$1,435$860$501$286$20
42 years$2,228$1,366$807$463$260$17
43 years$2,152$1,302$757$427$236$14
44 years$2,079$1,241$711$394$214$12
45 years$2,010$1,183$667$364$194$10
46 years$1,944$1,129$627$336$176$9
47 years$1,881$1,077$589$311$160$7
48 years$1,821$1,028$553$287$145$6
49 years$1,764$982$520$265$132$5
50 years$1,709$938$489$245$120$4

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 $2,017 every year, while hoping to spend $36,989 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: 41/29/30 Blend
56$1,750,000$1,750,000$1,750,000$1,750,000
57$1,930,581$1,837,831$1,810,706$1,992,633
58$2,088,144$1,888,528$1,832,008$2,088,589
59$2,260,539$1,940,470$1,852,785$2,188,806
60$2,449,239$1,993,679$1,872,979$2,296,596
61$2,655,868$2,048,176$1,892,530$2,412,683
62$2,882,212$2,103,982$1,911,375$2,537,860
63$3,130,240$2,161,120$1,929,449$2,673,002
64$3,402,120$2,219,609$1,946,680$2,819,074
65$3,700,237$2,279,472$1,962,995$2,977,137
66$4,027,223$2,340,727$1,978,317$3,148,363
67$4,385,972$2,403,395$1,992,563$3,334,039
68$4,779,675$2,467,495$2,005,647$3,535,586
69$5,211,844$2,533,045$2,017,479$3,754,571
70$5,686,352$2,600,063$2,027,964$3,992,716
71$6,207,460$2,668,567$2,037,002$4,251,924
72$6,779,866$2,738,572$2,044,486$4,534,288
73$7,408,744$2,810,094$2,050,308$4,842,117
74$8,099,794$2,883,146$2,054,351$5,177,954
75$8,859,294$2,957,741$2,056,493$5,544,602
76$9,694,162$3,033,891$2,056,606$5,945,152
77$10,612,021$3,111,606$2,054,557$6,383,008
78$11,621,267$3,190,894$2,050,204$6,861,924
79$12,731,150$3,271,762$2,043,400$7,386,035
80$13,951,864$3,354,215$2,033,990$7,959,901
81$15,294,638$3,438,255$2,021,813$8,588,545
82$16,771,845$3,523,884$2,006,697$9,277,506
83$18,397,117$3,611,098$1,988,466$10,032,888
84$20,185,475$3,699,894$1,966,931$10,861,418
85$22,153,469$3,790,264$1,941,899$11,770,511
86$24,319,335$3,882,199$1,913,164$12,768,340
87$26,703,164$3,975,684$1,880,513$13,863,912
88$29,327,096$4,070,702$1,843,720$15,067,156
89$32,215,527$4,167,233$1,802,551$16,389,016
90$35,395,334$4,265,251$1,756,760$17,841,552
91$38,896,138$4,364,728$1,706,091$19,438,058
92$42,750,574$4,465,629$1,650,274$21,193,186
93$46,994,603$4,567,916$1,589,030$23,123,086
94$51,667,853$4,671,544$1,522,062$25,245,558
95$56,813,988$4,776,464$1,449,065$27,580,220
96$62,481,123$4,882,619$1,369,718$30,148,694
97$68,722,277$4,989,947$1,283,683$32,974,814
98$75,595,874$5,098,379$1,190,611$36,084,846
99$83,166,291$5,207,838$1,090,134$39,507,741
100$91,504,469$5,318,238$981,870$43,275,407