Can I retire at age 57 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$146,991$145,681$144,404$143,157$141,940$137,231
2 years$72,768$71,412$70,099$68,826$67,590$62,892
3 years$48,030$46,669$45,359$44,097$42,882$38,342
4 years$35,663$34,307$33,010$31,770$30,584$26,237
5 years$28,246$26,897$25,617$24,402$23,249$19,106
6 years$23,302$21,963$20,702$19,515$18,396$14,461
7 years$19,772$18,445$17,204$16,044$14,961$11,233
8 years$17,126$15,810$14,590$13,459$12,412$8,888
9 years$15,069$13,766$12,566$11,464$10,453$7,129
10 years$13,424$12,134$10,956$9,882$8,906$5,777
11 years$12,079$10,802$9,645$8,600$7,660$4,720
12 years$10,960$9,695$8,560$7,544$6,638$3,880
13 years$10,013$8,762$7,648$6,660$5,788$3,206
14 years$9,202$7,964$6,871$5,912$5,074$2,660
15 years$8,500$7,275$6,204$5,272$4,467$2,214
16 years$7,886$6,675$5,625$4,721$3,948$1,848
17 years$7,345$6,148$5,118$4,242$3,501$1,546
18 years$6,865$5,681$4,672$3,823$3,113$1,295
19 years$6,436$5,265$4,277$3,454$2,774$1,087
20 years$6,050$4,892$3,926$3,128$2,478$914
21 years$5,701$4,557$3,611$2,839$2,218$769
22 years$5,384$4,254$3,328$2,581$1,988$647
23 years$5,096$3,978$3,073$2,351$1,784$545
24 years$4,832$3,728$2,842$2,144$1,604$460
25 years$4,589$3,498$2,632$1,958$1,443$388
26 years$4,366$3,288$2,441$1,790$1,300$327
27 years$4,159$3,094$2,267$1,639$1,172$276
28 years$3,967$2,916$2,107$1,502$1,058$233
29 years$3,789$2,750$1,961$1,377$955$197
30 years$3,623$2,598$1,827$1,264$863$167
31 years$3,468$2,456$1,703$1,161$780$141
32 years$3,324$2,323$1,589$1,067$706$119
33 years$3,188$2,200$1,483$981$639$101
34 years$3,060$2,085$1,386$902$578$85
35 years$2,940$1,978$1,296$831$524$72
36 years$2,827$1,877$1,212$765$475$61
37 years$2,720$1,783$1,135$705$430$51
38 years$2,619$1,695$1,063$650$390$44
39 years$2,524$1,611$995$599$354$37
40 years$2,434$1,533$933$553$321$31
41 years$2,348$1,459$875$510$291$26
42 years$2,266$1,390$821$471$264$22
43 years$2,189$1,324$770$434$240$19
44 years$2,115$1,262$723$401$217$16
45 years$2,045$1,204$679$370$197$13
46 years$1,978$1,148$638$342$179$11
47 years$1,914$1,096$599$316$163$10
48 years$1,852$1,046$563$292$148$8
49 years$1,794$999$529$270$134$7
50 years$1,738$954$497$250$122$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,780,000, adding $2,559 every year, while hoping to spend $20,998 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: 43/28/29 Blend
56$1,780,000$1,780,000$1,780,000$1,780,000
57$1,964,200$1,869,860$1,842,270$2,031,949
58$2,142,206$1,939,141$1,881,644$2,150,131
59$2,337,666$2,011,113$1,921,634$2,275,924
60$2,552,336$2,085,887$1,962,237$2,411,828
61$2,788,154$2,163,575$2,003,452$2,558,795
62$3,047,254$2,244,297$2,045,275$2,717,868
63$3,331,984$2,328,179$2,087,702$2,890,198
64$3,644,935$2,415,348$2,130,729$3,077,048
65$3,988,960$2,505,942$2,174,349$3,279,807
66$4,367,201$2,600,099$2,218,557$3,500,005
67$4,783,120$2,697,969$2,263,343$3,739,322
68$5,240,533$2,799,704$2,308,700$3,999,610
69$5,743,642$2,905,464$2,354,616$4,282,904
70$6,297,078$3,015,417$2,401,081$4,591,443
71$6,905,944$3,129,736$2,448,081$4,927,693
72$7,575,861$3,248,604$2,495,602$5,294,368
73$8,313,023$3,372,210$2,543,629$5,694,452
74$9,124,255$3,500,752$2,592,144$6,131,234
75$10,017,076$3,634,436$2,641,129$6,608,332
76$10,999,774$3,773,479$2,690,562$7,129,728
77$12,081,476$3,918,105$2,740,421$7,699,809
78$13,272,243$4,068,548$2,790,682$8,323,404
79$14,583,160$4,225,055$2,841,317$9,005,829
80$16,026,440$4,387,881$2,892,300$9,752,938
81$17,615,543$4,557,293$2,943,598$10,571,178
82$19,365,298$4,733,570$2,995,178$11,467,649
83$21,292,047$4,917,004$3,047,005$12,450,169
84$23,413,796$5,107,897$3,099,039$13,527,349
85$25,750,387$5,306,568$3,151,241$14,708,671
86$28,323,684$5,513,347$3,203,566$16,004,581
87$31,157,781$5,728,582$3,255,966$17,426,583
88$34,279,225$5,952,634$3,308,392$18,987,348
89$37,717,273$6,185,879$3,360,789$20,700,834
90$41,504,160$6,428,713$3,413,101$22,582,417
91$45,675,412$6,681,547$3,465,267$24,649,031
92$50,270,172$6,944,811$3,517,222$26,919,334
93$55,331,578$7,218,956$3,568,898$29,413,877
94$60,907,164$7,504,449$3,620,221$32,155,302
95$67,049,310$7,801,783$3,671,113$35,168,550
96$73,815,738$8,111,468$3,721,494$38,481,099
97$81,270,055$8,434,041$3,771,275$42,123,222
98$89,482,353$8,770,062$3,820,365$46,128,269
99$98,529,872$9,120,114$3,868,666$50,532,984
100$108,497,727$9,484,808$3,916,076$55,377,849