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%14.8%
1 years$144,513$143,226$141,970$140,744$139,547$136,786
2 years$71,541$70,209$68,918$67,666$66,451$63,681
3 years$47,220$45,882$44,594$43,354$42,159$39,466
4 years$35,062$33,728$32,453$31,234$30,068$27,473
5 years$27,769$26,443$25,185$23,991$22,858$20,368
6 years$22,909$21,593$20,353$19,186$18,086$15,705
7 years$19,439$18,134$16,914$15,774$14,709$12,437
8 years$16,837$15,544$14,344$13,232$12,203$10,038
9 years$14,815$13,534$12,355$11,271$10,276$8,219
10 years$13,198$11,929$10,771$9,716$8,756$6,803
11 years$11,876$10,620$9,483$8,455$7,530$5,680
12 years$10,775$9,532$8,416$7,417$6,526$4,775
13 years$9,844$8,614$7,519$6,548$5,691$4,037
14 years$9,047$7,830$6,756$5,812$4,988$3,428
15 years$8,357$7,153$6,099$5,184$4,392$2,922
16 years$7,753$6,563$5,530$4,641$3,882$2,499
17 years$7,221$6,044$5,032$4,170$3,442$2,143
18 years$6,749$5,585$4,594$3,758$3,060$1,841
19 years$6,327$5,176$4,205$3,396$2,728$1,585
20 years$5,948$4,810$3,859$3,076$2,436$1,367
21 years$5,605$4,480$3,550$2,791$2,180$1,181
22 years$5,294$4,182$3,272$2,538$1,954$1,021
23 years$5,010$3,911$3,021$2,311$1,754$883
24 years$4,750$3,665$2,794$2,108$1,577$765
25 years$4,512$3,439$2,588$1,925$1,419$663
26 years$4,292$3,232$2,400$1,760$1,278$575
27 years$4,089$3,042$2,229$1,611$1,152$499
28 years$3,900$2,866$2,072$1,476$1,040$434
29 years$3,725$2,704$1,928$1,354$939$377
30 years$3,562$2,554$1,796$1,242$848$327
31 years$3,410$2,414$1,674$1,141$767$285
32 years$3,268$2,284$1,562$1,049$694$247
33 years$3,134$2,163$1,458$964$628$215
34 years$3,009$2,050$1,363$887$568$187
35 years$2,891$1,945$1,274$817$515$163
36 years$2,779$1,846$1,192$752$467$142
37 years$2,674$1,753$1,116$693$423$123
38 years$2,575$1,666$1,045$639$383$107
39 years$2,481$1,584$979$589$348$93
40 years$2,393$1,507$917$543$315$81
41 years$2,308$1,435$860$501$286$71
42 years$2,228$1,366$807$463$260$62
43 years$2,152$1,302$757$427$236$54
44 years$2,079$1,241$711$394$214$47
45 years$2,010$1,183$667$364$194$41
46 years$1,944$1,129$627$336$176$35
47 years$1,881$1,077$589$311$160$31
48 years$1,821$1,028$553$287$145$27
49 years$1,764$982$520$265$132$23
50 years$1,709$938$489$245$120$20

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 $6,881 every year, while hoping to spend $23,104 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: 57/31/12 Blend
56$1,750,000$1,750,000$1,750,000$1,750,000
57$1,935,598$1,842,848$1,815,723$2,039,739
58$2,108,446$1,908,565$1,851,967$2,176,628
59$2,298,151$1,976,728$1,888,651$2,322,564
60$2,506,407$2,047,432$1,925,765$2,481,035
61$2,735,081$2,120,776$1,963,299$2,653,244
62$2,986,230$2,196,865$2,001,240$2,840,515
63$3,262,119$2,275,806$2,039,576$3,044,305
64$3,565,245$2,357,710$2,078,291$3,266,217
65$3,898,357$2,442,695$2,117,371$3,508,013
66$4,264,485$2,530,882$2,156,798$3,771,634
67$4,666,965$2,622,398$2,196,554$4,059,215
68$5,109,474$2,717,374$2,236,617$4,373,106
69$5,596,063$2,815,948$2,276,967$4,715,894
70$6,131,196$2,918,264$2,317,579$5,090,424
71$6,719,788$3,024,469$2,358,428$5,499,833
72$7,367,258$3,134,719$2,399,487$5,947,569
73$8,079,574$3,249,177$2,440,726$6,437,430
74$8,863,314$3,368,010$2,482,113$6,973,600
75$9,725,723$3,491,393$2,523,615$7,560,682
76$10,674,786$3,619,511$2,565,196$8,203,747
77$11,719,300$3,752,553$2,606,816$8,908,379
78$12,868,959$3,890,718$2,648,434$9,680,725
79$14,134,443$4,034,213$2,690,007$10,527,557
80$15,527,521$4,183,255$2,731,487$11,456,331
81$17,061,162$4,338,067$2,772,825$12,475,260
82$18,749,653$4,498,885$2,813,967$13,593,390
83$20,608,740$4,665,953$2,854,858$14,820,684
84$22,655,773$4,839,526$2,895,437$16,168,114
85$24,909,869$5,019,870$2,935,641$17,647,768
86$27,392,094$5,207,262$2,975,403$19,272,960
87$30,125,660$5,401,990$3,014,652$21,058,356
88$33,136,146$5,604,357$3,053,312$23,020,113
89$36,451,739$5,814,676$3,091,304$25,176,027
90$40,103,497$6,033,276$3,128,543$27,545,703
91$44,125,645$6,260,498$3,164,940$30,150,741
92$48,555,898$6,496,699$3,200,402$33,014,935
93$53,435,813$6,742,251$3,234,830$36,164,498
94$58,811,187$6,997,543$3,268,118$39,628,309
95$64,732,484$7,262,978$3,300,156$43,438,186
96$71,255,314$7,538,981$3,330,828$47,629,182
97$78,440,956$7,825,991$3,360,011$52,239,919
98$86,356,939$8,124,469$3,387,576$57,312,945
99$95,077,674$8,434,896$3,413,387$62,895,143
100$104,685,162$8,757,771$3,437,301$69,038,167