Can I retire at age 57 with 1,770,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$146,165$144,863$143,593$142,353$141,142$138,918
2 years$72,359$71,011$69,705$68,439$67,211$64,976
3 years$47,760$46,407$45,104$43,849$42,641$40,465
4 years$35,463$34,114$32,824$31,591$30,412$28,311
5 years$28,087$26,746$25,473$24,265$23,119$21,100
6 years$23,171$21,840$20,586$19,405$18,293$16,358
7 years$19,661$18,341$17,107$15,954$14,877$13,026
8 years$17,030$15,722$14,508$13,383$12,342$10,575
9 years$14,984$13,689$12,496$11,400$10,394$8,710
10 years$13,349$12,066$10,894$9,827$8,856$7,254
11 years$12,012$10,741$9,591$8,552$7,616$6,095
12 years$10,898$9,641$8,512$7,501$6,600$5,157
13 years$9,957$8,713$7,605$6,623$5,756$4,388
14 years$9,150$7,920$6,833$5,879$5,045$3,752
15 years$8,452$7,235$6,169$5,243$4,442$3,221
16 years$7,842$6,638$5,593$4,694$3,926$2,774
17 years$7,304$6,113$5,090$4,218$3,481$2,395
18 years$6,826$5,649$4,646$3,801$3,095$2,073
19 years$6,399$5,235$4,253$3,435$2,759$1,798
20 years$6,016$4,865$3,904$3,111$2,464$1,563
21 years$5,669$4,531$3,590$2,823$2,205$1,360
22 years$5,354$4,230$3,309$2,567$1,977$1,185
23 years$5,067$3,956$3,055$2,338$1,774$1,033
24 years$4,805$3,707$2,826$2,132$1,595$902
25 years$4,563$3,478$2,617$1,947$1,435$788
26 years$4,341$3,269$2,427$1,780$1,293$689
27 years$4,135$3,077$2,254$1,630$1,166$603
28 years$3,945$2,899$2,095$1,493$1,052$528
29 years$3,768$2,735$1,950$1,369$950$462
30 years$3,603$2,583$1,816$1,257$858$405
31 years$3,449$2,442$1,693$1,154$776$355
32 years$3,305$2,310$1,580$1,061$702$311
33 years$3,170$2,188$1,475$975$635$273
34 years$3,043$2,074$1,378$897$575$239
35 years$2,924$1,967$1,289$826$521$210
36 years$2,811$1,867$1,205$761$472$184
37 years$2,705$1,773$1,128$701$428$162
38 years$2,605$1,685$1,057$646$388$142
39 years$2,510$1,602$990$596$352$125
40 years$2,420$1,524$928$550$319$110
41 years$2,335$1,451$870$507$289$96
42 years$2,253$1,382$816$468$263$84
43 years$2,176$1,317$766$432$238$74
44 years$2,103$1,255$719$399$216$65
45 years$2,033$1,197$675$368$196$57
46 years$1,966$1,142$634$340$178$50
47 years$1,903$1,090$596$314$162$44
48 years$1,842$1,040$560$290$147$39
49 years$1,784$993$526$268$134$34
50 years$1,728$949$495$248$121$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,770,000, adding $6,146 every year, while hoping to spend $32,842 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: 67/28/5 Blend
56$1,770,000$1,770,000$1,770,000$1,770,000
57$1,956,880$1,863,070$1,835,635$2,086,389
58$2,121,538$1,919,416$1,862,185$2,229,342
59$2,301,890$1,977,423$1,888,524$2,380,994
60$2,499,503$2,037,137$1,914,609$2,545,882
61$2,716,102$2,098,606$1,940,398$2,725,290
62$2,953,585$2,161,879$1,965,842$2,920,634
63$3,214,046$2,227,006$1,990,893$3,133,471
64$3,499,788$2,294,039$2,015,497$3,365,514
65$3,813,350$2,363,030$2,039,600$3,618,650
66$4,157,528$2,434,035$2,063,143$3,894,957
67$4,535,401$2,507,108$2,086,064$4,196,721
68$4,950,362$2,582,307$2,108,297$4,526,462
69$5,406,148$2,659,689$2,129,774$4,886,951
70$5,906,877$2,739,315$2,150,423$5,281,243
71$6,457,082$2,821,245$2,170,166$5,712,700
72$7,061,761$2,905,543$2,188,923$6,185,026
73$7,726,418$2,992,272$2,206,610$6,702,300
74$8,457,118$3,081,498$2,223,136$7,269,012
75$9,260,540$3,173,289$2,238,408$7,890,113
76$10,144,047$3,267,712$2,252,326$8,571,051
77$11,115,749$3,364,838$2,264,788$9,317,829
78$12,184,579$3,464,739$2,275,682$10,137,062
79$13,360,383$3,567,488$2,284,895$11,036,032
80$14,654,009$3,673,161$2,292,305$12,022,765
81$16,077,406$3,781,835$2,297,785$13,106,102
82$17,643,743$3,893,587$2,301,203$14,295,780
83$19,367,530$4,008,497$2,302,418$15,602,529
84$21,264,753$4,126,649$2,301,284$17,038,169
85$23,353,027$4,248,124$2,297,647$18,615,724
86$25,651,763$4,373,009$2,291,345$20,349,541
87$28,182,346$4,501,389$2,282,208$22,255,427
88$30,968,343$4,633,355$2,270,060$24,350,800
89$34,035,721$4,768,996$2,254,713$26,654,849
90$37,413,092$4,908,405$2,235,974$29,188,717
91$41,131,986$5,051,675$2,213,638$31,975,700
92$45,227,143$5,198,902$2,187,490$35,041,468
93$49,736,847$5,350,184$2,157,306$38,414,302
94$54,703,282$5,505,619$2,122,852$42,125,367
95$60,172,932$5,665,309$2,083,882$46,209,000
96$66,197,018$5,829,357$2,040,139$50,703,037
97$72,831,983$5,997,865$1,991,354$55,649,171
98$80,140,026$6,170,941$1,937,245$61,093,339
99$88,189,683$6,348,691$1,877,517$67,086,165
100$97,056,480$6,531,226$1,811,863$73,683,425