Can I retire at age 57 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$147,817$146,500$145,215$143,961$142,737$137,673
2 years$73,176$71,814$70,493$69,212$67,970$62,922
3 years$48,300$46,931$45,614$44,345$43,123$38,249
4 years$35,864$34,499$33,195$31,948$30,756$26,094
5 years$28,404$27,048$25,761$24,539$23,380$18,943
6 years$23,433$22,087$20,818$19,624$18,500$14,290
7 years$19,883$18,548$17,300$16,134$15,045$11,062
8 years$17,222$15,899$14,672$13,534$12,482$8,722
9 years$15,153$13,843$12,637$11,528$10,511$6,970
10 years$13,500$12,202$11,017$9,938$8,956$5,627
11 years$12,147$10,863$9,699$8,649$7,703$4,579
12 years$11,021$9,750$8,608$7,586$6,675$3,749
13 years$10,069$8,811$7,691$6,697$5,821$3,085
14 years$9,254$8,009$6,910$5,945$5,102$2,549
15 years$8,548$7,316$6,239$5,302$4,492$2,113
16 years$7,930$6,713$5,656$4,747$3,970$1,756
17 years$7,386$6,182$5,147$4,265$3,520$1,462
18 years$6,903$5,713$4,699$3,844$3,130$1,220
19 years$6,472$5,294$4,301$3,473$2,790$1,019
20 years$6,084$4,920$3,948$3,146$2,492$853
21 years$5,733$4,583$3,631$2,855$2,230$714
22 years$5,415$4,278$3,347$2,596$1,999$598
23 years$5,125$4,001$3,090$2,364$1,794$502
24 years$4,859$3,748$2,858$2,156$1,613$421
25 years$4,615$3,518$2,647$1,969$1,451$354
26 years$4,390$3,306$2,455$1,801$1,307$297
27 years$4,182$3,111$2,279$1,648$1,179$250
28 years$3,990$2,932$2,119$1,510$1,064$210
29 years$3,810$2,766$1,972$1,385$960$176
30 years$3,644$2,612$1,837$1,271$868$148
31 years$3,488$2,469$1,712$1,167$785$125
32 years$3,342$2,336$1,598$1,073$710$105
33 years$3,206$2,213$1,492$986$642$88
34 years$3,077$2,097$1,394$908$581$74
35 years$2,957$1,989$1,303$835$527$62
36 years$2,843$1,888$1,219$769$477$53
37 years$2,736$1,793$1,141$709$432$44
38 years$2,634$1,704$1,069$653$392$37
39 years$2,538$1,620$1,001$602$356$31
40 years$2,447$1,542$938$556$323$26
41 years$2,361$1,468$880$513$293$22
42 years$2,279$1,398$825$473$265$19
43 years$2,201$1,332$774$437$241$16
44 years$2,127$1,269$727$403$219$13
45 years$2,056$1,210$683$372$199$11
46 years$1,989$1,155$641$344$180$9
47 years$1,924$1,102$602$318$164$8
48 years$1,863$1,052$566$294$149$7
49 years$1,804$1,005$532$271$135$6
50 years$1,748$960$500$251$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,790,000, adding $6,067 every year, while hoping to spend $41,196 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: 53/27/20 Blend
56$1,790,000$1,790,000$1,790,000$1,790,000
57$1,978,838$1,883,968$1,856,223$2,072,575
58$2,136,847$1,932,450$1,874,574$2,186,093
59$2,309,593$1,981,927$1,892,160$2,304,737
60$2,498,534$2,032,405$1,908,910$2,432,954
61$2,705,278$2,083,886$1,924,752$2,571,670
62$2,931,595$2,136,375$1,939,610$2,721,902
63$3,179,433$2,189,873$1,953,402$2,884,773
64$3,450,939$2,244,380$1,966,044$3,061,519
65$3,748,474$2,299,894$1,977,446$3,253,501
66$4,074,643$2,356,414$1,987,515$3,462,219
67$4,432,312$2,413,933$1,996,152$3,689,326
68$4,824,637$2,472,445$2,003,253$3,936,643
69$5,255,097$2,531,942$2,008,709$4,206,176
70$5,727,522$2,592,412$2,012,405$4,500,135
71$6,246,130$2,653,842$2,014,222$4,820,956
72$6,815,571$2,716,215$2,014,034$5,171,323
73$7,440,963$2,779,513$2,011,708$5,554,195
74$8,127,946$2,843,715$2,007,105$5,972,829
75$8,882,734$2,908,794$2,000,081$6,430,819
76$9,712,171$2,974,723$1,990,481$6,932,122
77$10,623,798$3,041,469$1,978,148$7,481,100
78$11,625,921$3,108,998$1,962,912$8,082,561
79$12,727,694$3,177,267$1,944,598$8,741,803
80$13,939,199$3,246,234$1,923,023$9,464,665
81$15,271,546$3,315,848$1,897,993$10,257,581
82$16,736,975$3,386,056$1,869,307$11,127,643
83$18,348,971$3,456,797$1,836,753$12,082,668
84$20,122,393$3,528,007$1,800,111$13,131,269
85$22,073,611$3,599,614$1,759,149$14,282,941
86$24,220,664$3,671,539$1,713,625$15,548,146
87$26,583,426$3,743,698$1,663,285$16,938,417
88$29,183,795$3,816,000$1,607,865$18,466,462
89$32,045,902$3,888,343$1,547,088$20,146,290
90$35,196,331$3,960,619$1,480,663$21,993,338
91$38,664,380$4,032,713$1,408,288$24,024,621
92$42,482,328$4,104,496$1,329,646$26,258,892
93$46,685,742$4,175,834$1,244,407$28,716,818
94$51,313,817$4,246,579$1,152,224$31,421,176
95$56,409,739$4,316,574$1,052,736$34,397,073
96$62,021,095$4,385,648$945,565$37,672,175
97$68,200,322$4,453,621$830,317$41,276,976
98$75,005,202$4,520,296$706,580$45,245,085
99$82,499,407$4,585,464$573,924$49,613,541
100$90,753,096$4,648,901$431,900$54,423,166