Can I retire at age 57 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$123,869$122,765$121,689$120,638$119,612$117,582
2 years$61,321$60,179$59,072$57,999$56,958$54,919
3 years$40,475$39,328$38,224$37,161$36,137$34,152
4 years$30,053$28,910$27,817$26,772$25,773$23,858
5 years$23,802$22,666$21,587$20,564$19,592$17,753
6 years$19,636$18,508$17,446$16,445$15,503$13,741
7 years$16,662$15,543$14,497$13,520$12,608$10,924
8 years$14,432$13,323$12,295$11,342$10,459$8,853
9 years$12,698$11,600$10,590$9,661$8,808$7,279
10 years$11,312$10,225$9,232$8,328$7,505$6,051
11 years$10,179$9,103$8,128$7,247$6,455$5,074
12 years$9,236$8,170$7,213$6,357$5,593$4,285
13 years$8,438$7,384$6,445$5,612$4,878$3,639
14 years$7,754$6,711$5,791$4,982$4,276$3,105
15 years$7,163$6,131$5,228$4,443$3,765$2,660
16 years$6,646$5,625$4,740$3,978$3,327$2,286
17 years$6,190$5,181$4,313$3,574$2,950$1,970
18 years$5,785$4,787$3,937$3,221$2,623$1,702
19 years$5,423$4,437$3,605$2,911$2,338$1,473
20 years$5,098$4,123$3,308$2,636$2,088$1,277
21 years$4,804$3,840$3,043$2,393$1,869$1,108
22 years$4,537$3,585$2,804$2,175$1,675$963
23 years$4,294$3,353$2,589$1,981$1,504$838
24 years$4,072$3,141$2,395$1,807$1,352$730
25 years$3,867$2,948$2,218$1,650$1,216$636
26 years$3,679$2,770$2,057$1,509$1,096$555
27 years$3,505$2,607$1,910$1,381$988$485
28 years$3,343$2,457$1,776$1,265$891$423
29 years$3,193$2,318$1,652$1,160$805$370
30 years$3,053$2,189$1,539$1,065$727$323
31 years$2,923$2,069$1,435$978$657$283
32 years$2,801$1,958$1,339$899$595$247
33 years$2,686$1,854$1,250$827$538$216
34 years$2,579$1,757$1,168$761$487$189
35 years$2,478$1,667$1,092$700$441$166
36 years$2,382$1,582$1,022$645$400$145
37 years$2,292$1,503$956$594$362$127
38 years$2,207$1,428$895$548$329$111
39 years$2,127$1,358$839$505$298$97
40 years$2,051$1,292$786$466$270$85
41 years$1,978$1,230$737$430$245$75
42 years$1,910$1,171$692$397$222$65
43 years$1,844$1,116$649$366$202$57
44 years$1,782$1,064$609$338$183$50
45 years$1,723$1,014$572$312$166$44
46 years$1,666$968$537$288$151$38
47 years$1,613$923$505$266$137$34
48 years$1,561$882$474$246$125$30
49 years$1,512$842$446$227$113$26
50 years$1,465$804$419$210$103$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,500,000, adding $3,950 every year, while hoping to spend $54,708 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: 73/19/8 Blend
56$1,500,000$1,500,000$1,500,000$1,500,000
57$1,657,074$1,577,574$1,554,324$1,775,636
58$1,767,887$1,596,667$1,548,185$1,873,462
59$1,888,169$1,614,861$1,540,007$1,973,333
60$2,018,829$1,632,055$1,529,664$2,081,179
61$2,160,864$1,648,141$1,517,023$2,197,770
62$2,315,375$1,663,003$1,501,946$2,323,958
63$2,483,571$1,676,517$1,484,288$2,460,677
64$2,666,781$1,688,553$1,463,898$2,608,961
65$2,866,470$1,698,969$1,440,616$2,769,945
66$3,084,249$1,707,618$1,414,276$2,944,882
67$3,321,892$1,714,341$1,384,703$3,135,154
68$3,581,351$1,718,969$1,351,716$3,342,283
69$3,864,774$1,721,323$1,315,124$3,567,945
70$4,174,526$1,721,214$1,274,726$3,813,990
71$4,513,214$1,718,439$1,230,315$4,082,456
72$4,883,703$1,712,784$1,181,673$4,375,588
73$5,289,152$1,704,022$1,128,570$4,695,863
74$5,733,037$1,691,910$1,070,768$5,046,010
75$6,219,187$1,676,194$1,008,019$5,429,038
76$6,751,817$1,656,600$940,060$5,848,262
77$7,335,571$1,632,843$866,621$6,307,339
78$7,975,562$1,604,615$787,417$6,810,298
79$8,677,424$1,571,596$702,149$7,361,581
80$9,447,358$1,533,441$610,508$7,966,085
81$10,292,198$1,489,789$512,170$8,629,207
82$11,219,470$1,440,256$406,795$9,356,899
83$12,237,464$1,384,437$294,030$10,155,719
84$13,355,312$1,321,901$173,507$11,032,898
85$14,583,073$1,252,193$44,839$11,996,407
86$15,931,830$1,174,835$0$13,055,031
87$17,413,791$1,089,315$0$14,226,349
88$19,042,405$995,099$0$15,517,742
89$20,832,487$891,616$0$16,937,185
90$22,800,363$778,267$0$18,497,689
91$24,964,016$654,418$0$20,213,595
92$27,343,258$519,397$0$22,100,708
93$29,959,920$372,497$0$24,176,449
94$32,838,052$212,970$0$26,460,017
95$36,004,154$40,026$0$28,972,570
96$39,487,422$0$0$31,737,432
97$43,320,024$0$0$34,811,074
98$47,537,406$0$0$38,202,587
99$52,178,621$0$0$41,935,019
100$57,286,701$0$0$46,042,987