Can I retire at age 57 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$124,694$123,584$122,500$121,442$120,410$119,152
2 years$61,730$60,580$59,466$58,386$57,338$56,072
3 years$40,744$39,590$38,478$37,408$36,377$35,142
4 years$30,254$29,103$28,002$26,951$25,945$24,749
5 years$23,961$22,817$21,731$20,701$19,723$18,570
6 years$19,767$18,632$17,562$16,554$15,606$14,498
7 years$16,773$15,647$14,594$13,610$12,692$11,630
8 years$14,528$13,412$12,377$11,417$10,529$9,512
9 years$12,783$11,678$10,660$9,725$8,867$7,895
10 years$11,388$10,293$9,294$8,383$7,555$6,627
11 years$10,247$9,164$8,182$7,296$6,498$5,614
12 years$9,297$8,225$7,261$6,399$5,631$4,789
13 years$8,494$7,433$6,488$5,650$4,910$4,110
14 years$7,806$6,756$5,829$5,015$4,304$3,545
15 years$7,211$6,172$5,263$4,473$3,790$3,070
16 years$6,690$5,663$4,772$4,005$3,349$2,668
17 years$6,231$5,215$4,342$3,598$2,970$2,325
18 years$5,823$4,819$3,964$3,243$2,641$2,031
19 years$5,459$4,466$3,629$2,930$2,354$1,779
20 years$5,132$4,150$3,330$2,654$2,102$1,560
21 years$4,836$3,866$3,063$2,408$1,881$1,371
22 years$4,568$3,608$2,823$2,190$1,686$1,206
23 years$4,323$3,375$2,607$1,994$1,514$1,063
24 years$4,099$3,162$2,411$1,819$1,361$937
25 years$3,893$2,967$2,233$1,661$1,224$827
26 years$3,703$2,789$2,071$1,519$1,103$731
27 years$3,528$2,625$1,923$1,390$994$646
28 years$3,365$2,473$1,788$1,274$897$572
29 years$3,214$2,333$1,664$1,168$810$506
30 years$3,074$2,204$1,549$1,072$732$448
31 years$2,942$2,083$1,445$985$662$397
32 years$2,819$1,971$1,348$905$599$352
33 years$2,704$1,867$1,258$832$542$312
34 years$2,596$1,769$1,176$766$491$277
35 years$2,494$1,678$1,099$705$444$245
36 years$2,398$1,593$1,028$649$403$218
37 years$2,308$1,513$963$598$365$193
38 years$2,222$1,438$901$551$331$171
39 years$2,141$1,367$844$508$300$152
40 years$2,064$1,301$792$469$272$135
41 years$1,992$1,238$742$433$247$120
42 years$1,922$1,179$696$399$224$107
43 years$1,857$1,123$653$368$203$95
44 years$1,794$1,071$613$340$184$84
45 years$1,734$1,021$576$314$167$75
46 years$1,678$974$541$290$152$66
47 years$1,623$930$508$268$138$59
48 years$1,571$887$477$248$125$52
49 years$1,522$847$449$229$114$47
50 years$1,474$809$422$212$103$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,510,000, adding $4,565 every year, while hoping to spend $44,634 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: 78/16/6 Blend
56$1,510,000$1,510,000$1,510,000$1,510,000
57$1,668,729$1,588,699$1,565,294$1,797,663
58$1,791,449$1,619,055$1,570,241$1,913,217
59$1,925,191$1,649,402$1,573,858$2,033,627
60$2,071,031$1,679,694$1,576,053$2,164,344
61$2,230,155$1,709,878$1,576,730$2,306,371
62$2,403,868$1,739,899$1,575,787$2,460,815
63$2,593,606$1,769,698$1,573,120$2,628,894
64$2,800,951$1,799,210$1,568,616$2,811,949
65$3,027,643$1,828,366$1,562,160$3,011,459
66$3,275,599$1,857,093$1,553,629$3,229,051
67$3,546,929$1,885,309$1,542,894$3,466,517
68$3,843,958$1,912,931$1,529,823$3,725,833
69$4,169,243$1,939,866$1,514,274$4,009,174
70$4,525,603$1,966,017$1,496,099$4,318,937
71$4,916,142$1,991,279$1,475,146$4,657,763
72$5,344,276$2,015,540$1,451,251$5,028,561
73$5,813,771$2,038,680$1,424,247$5,434,536
74$6,328,773$2,060,573$1,393,956$5,879,220
75$6,893,848$2,081,080$1,360,194$6,366,504
76$7,514,025$2,100,059$1,322,765$6,900,675
77$8,194,847$2,117,353$1,281,469$7,486,457
78$8,942,416$2,132,797$1,236,093$8,129,057
79$9,763,455$2,146,217$1,186,414$8,834,210
80$10,665,370$2,157,425$1,132,202$9,608,236
81$11,656,322$2,166,222$1,073,215$10,458,102
82$12,745,298$2,172,398$1,009,199$11,391,482
83$13,942,200$2,175,727$939,889$12,416,834
84$15,257,938$2,175,972$865,009$13,543,478
85$16,704,531$2,172,877$784,269$14,781,684
86$18,295,220$2,166,175$697,369$16,142,773
87$20,044,594$2,155,580$603,993$17,639,215
88$21,968,728$2,140,788$503,812$19,284,757
89$24,085,330$2,121,479$396,481$21,094,546
90$26,413,912$2,097,310$281,643$23,085,275
91$28,975,975$2,067,922$158,921$25,275,340
92$31,795,205$2,032,931$27,925$27,685,013
93$34,897,702$1,991,931$0$30,336,637
94$38,312,225$1,944,492$0$33,261,994
95$42,070,460$1,890,161$0$36,483,428
96$46,207,322$1,828,454$0$40,029,082
97$50,761,283$1,758,862$0$43,931,938
98$55,774,734$1,680,846$0$48,228,342
99$61,294,384$1,593,835$0$52,958,351
100$67,371,704$1,497,226$0$58,166,103