Can I retire at age 57 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$145,339$144,045$142,781$141,549$140,345$138,764
2 years$71,950$70,610$69,311$68,052$66,831$65,239
3 years$47,490$46,144$44,849$43,602$42,400$40,847
4 years$35,263$33,921$32,639$31,413$30,240$28,738
5 years$27,928$26,595$25,329$24,128$22,988$21,541
6 years$23,040$21,716$20,470$19,295$18,190$16,800
7 years$19,550$18,237$17,010$15,864$14,793$13,461
8 years$16,933$15,633$14,426$13,308$12,272$10,997
9 years$14,900$13,611$12,425$11,335$10,335$9,117
10 years$13,273$11,998$10,833$9,771$8,806$7,644
11 years$11,944$10,681$9,537$8,504$7,573$6,466
12 years$10,836$9,586$8,464$7,459$6,563$5,510
13 years$9,900$8,663$7,562$6,585$5,723$4,723
14 years$9,099$7,875$6,794$5,846$5,017$4,068
15 years$8,404$7,194$6,134$5,213$4,417$3,518
16 years$7,797$6,600$5,562$4,668$3,904$3,053
17 years$7,263$6,078$5,061$4,194$3,461$2,657
18 years$6,788$5,617$4,620$3,780$3,078$2,318
19 years$6,363$5,206$4,229$3,415$2,743$2,027
20 years$5,982$4,837$3,881$3,093$2,450$1,775
21 years$5,637$4,506$3,570$2,807$2,193$1,558
22 years$5,324$4,206$3,290$2,552$1,966$1,368
23 years$5,039$3,934$3,038$2,325$1,764$1,204
24 years$4,777$3,686$2,810$2,120$1,586$1,060
25 years$4,538$3,459$2,602$1,936$1,427$934
26 years$4,316$3,251$2,414$1,770$1,285$824
27 years$4,112$3,059$2,241$1,620$1,159$727
28 years$3,923$2,883$2,084$1,485$1,046$642
29 years$3,747$2,720$1,939$1,361$944$568
30 years$3,583$2,568$1,806$1,250$853$502
31 years$3,429$2,428$1,684$1,148$771$444
32 years$3,286$2,297$1,571$1,055$698$393
33 years$3,152$2,176$1,467$970$631$348
34 years$3,026$2,062$1,370$892$572$308
35 years$2,907$1,956$1,281$821$518$273
36 years$2,795$1,856$1,199$757$469$241
37 years$2,690$1,763$1,122$697$425$214
38 years$2,590$1,676$1,051$642$386$190
39 years$2,496$1,593$984$592$350$168
40 years$2,406$1,516$923$546$317$149
41 years$2,321$1,443$865$504$288$132
42 years$2,241$1,374$811$465$261$117
43 years$2,164$1,309$761$429$237$104
44 years$2,091$1,248$715$397$215$92
45 years$2,022$1,190$671$366$195$82
46 years$1,955$1,135$630$338$177$72
47 years$1,892$1,083$592$313$161$64
48 years$1,832$1,034$557$289$146$57
49 years$1,774$988$523$267$133$50
50 years$1,718$944$492$247$121$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,760,000, adding $2,718 every year, while hoping to spend $37,563 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: 64/17/19 Blend
56$1,760,000$1,760,000$1,760,000$1,760,000
57$1,942,324$1,849,044$1,821,764$2,057,128
58$2,100,474$1,899,680$1,842,826$2,185,255
59$2,273,497$1,951,539$1,863,335$2,320,660
60$2,462,869$2,004,640$1,883,232$2,467,701
61$2,670,218$2,059,003$1,902,457$2,627,517
62$2,897,334$2,114,649$1,920,944$2,801,362
63$3,146,192$2,171,596$1,938,624$2,990,617
64$3,418,962$2,229,863$1,955,427$3,196,805
65$3,718,039$2,289,469$1,971,277$3,421,601
66$4,046,058$2,350,432$1,986,093$3,666,852
67$4,405,921$2,412,768$1,999,792$3,934,591
68$4,800,825$2,476,494$2,012,286$4,227,060
69$5,234,293$2,541,626$2,023,482$4,546,727
70$5,710,204$2,608,179$2,033,281$4,896,312
71$6,232,832$2,676,166$2,041,583$5,278,811
72$6,806,883$2,745,601$2,048,278$5,697,526
73$7,437,544$2,816,494$2,053,255$6,156,093
74$8,130,528$2,888,857$2,056,393$6,658,522
75$8,892,128$2,962,697$2,057,568$7,209,228
76$9,729,278$3,038,023$2,056,650$7,813,076
77$10,649,618$3,114,839$2,053,502$8,475,430
78$11,661,563$3,193,150$2,047,978$9,202,196
79$12,774,385$3,272,958$2,039,928$9,999,886
80$13,998,301$3,354,261$2,029,194$10,875,673
81$15,344,565$3,437,057$2,015,609$11,837,463
82$16,825,579$3,521,341$1,999,000$12,893,967
83$18,455,006$3,607,105$1,979,185$14,054,784
84$20,247,901$3,694,337$1,955,972$15,330,494
85$22,220,851$3,783,024$1,929,161$16,732,753
86$24,392,134$3,873,148$1,898,544$18,274,408
87$26,781,888$3,964,689$1,863,901$19,969,615
88$29,412,301$4,057,620$1,825,003$21,833,975
89$32,307,825$4,151,912$1,781,610$23,884,679
90$35,495,400$4,247,532$1,733,470$26,140,674
91$39,004,710$4,344,441$1,680,321$28,622,837
92$42,868,467$4,442,595$1,621,889$31,354,178
93$47,122,714$4,541,945$1,557,884$34,360,050
94$51,807,165$4,642,435$1,488,009$37,668,398
95$56,965,586$4,744,004$1,411,947$41,310,014
96$62,646,200$4,846,584$1,329,371$45,318,832
97$68,902,145$4,950,100$1,239,938$49,732,250
98$75,791,976$5,054,467$1,143,288$54,591,482
99$83,380,218$5,159,596$1,039,048$59,941,943
100$91,737,970$5,265,386$926,826$65,833,687