Can I retire at age 57 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$127,172$126,039$124,934$123,855$122,802$120,077
2 years$62,956$61,784$60,647$59,546$58,477$55,746
3 years$41,554$40,376$39,243$38,152$37,100$34,448
4 years$30,855$29,681$28,559$27,486$26,460$23,908
5 years$24,437$23,270$22,163$21,112$20,115$17,669
6 years$20,160$19,002$17,911$16,883$15,916$13,579
7 years$17,106$15,958$14,884$13,881$12,944$10,717
8 years$14,817$13,679$12,623$11,644$10,738$8,620
9 years$13,037$11,910$10,872$9,918$9,043$7,032
10 years$11,614$10,498$9,478$8,550$7,705$5,800
11 years$10,451$9,346$8,345$7,441$6,627$4,824
12 years$9,482$8,388$7,406$6,527$5,743$4,039
13 years$8,663$7,580$6,617$5,762$5,008$3,401
14 years$7,961$6,890$5,945$5,115$4,390$2,877
15 years$7,354$6,295$5,368$4,562$3,865$2,442
16 years$6,823$5,775$4,866$4,084$3,416$2,080
17 years$6,355$5,319$4,428$3,670$3,029$1,775
18 years$5,939$4,915$4,042$3,307$2,693$1,519
19 years$5,568$4,555$3,701$2,988$2,400$1,302
20 years$5,234$4,233$3,396$2,707$2,144$1,118
21 years$4,932$3,943$3,124$2,456$1,919$961
22 years$4,658$3,680$2,879$2,233$1,720$827
23 years$4,409$3,442$2,658$2,034$1,544$712
24 years$4,180$3,225$2,459$1,855$1,388$614
25 years$3,970$3,026$2,277$1,694$1,249$530
26 years$3,777$2,844$2,112$1,549$1,125$457
27 years$3,598$2,677$1,961$1,418$1,014$395
28 years$3,432$2,522$1,823$1,299$915$341
29 years$3,278$2,380$1,697$1,191$826$295
30 years$3,135$2,247$1,580$1,093$747$255
31 years$3,001$2,124$1,473$1,004$675$221
32 years$2,875$2,010$1,375$923$611$191
33 years$2,758$1,904$1,283$849$553$165
34 years$2,648$1,804$1,199$781$500$143
35 years$2,544$1,711$1,121$719$453$124
36 years$2,446$1,624$1,049$662$411$107
37 years$2,354$1,543$982$610$372$93
38 years$2,266$1,466$919$562$337$80
39 years$2,184$1,394$861$518$306$70
40 years$2,105$1,326$807$478$277$60
41 years$2,031$1,263$757$441$252$52
42 years$1,961$1,202$710$407$228$45
43 years$1,894$1,146$666$376$207$39
44 years$1,830$1,092$625$347$188$34
45 years$1,769$1,041$587$320$171$29
46 years$1,711$993$552$296$155$25
47 years$1,656$948$518$273$141$22
48 years$1,603$905$487$253$128$19
49 years$1,552$864$458$234$116$17
50 years$1,504$826$430$216$106$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,540,000, adding $2,852 every year, while hoping to spend $53,404 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: 74/20/6 Blend
56$1,540,000$1,540,000$1,540,000$1,540,000
57$1,700,022$1,618,402$1,594,532$1,824,495
58$1,816,603$1,640,882$1,591,127$1,929,286
59$1,943,285$1,662,674$1,585,819$2,036,992
60$2,081,042$1,683,687$1,578,486$2,153,445
61$2,230,947$1,703,826$1,569,003$2,279,493
62$2,394,177$1,722,987$1,557,239$2,416,065
63$2,572,030$1,741,061$1,543,053$2,564,190
64$2,765,934$1,757,930$1,526,303$2,724,998
65$2,977,461$1,773,470$1,506,835$2,899,735
66$3,208,339$1,787,547$1,484,492$3,089,774
67$3,460,473$1,800,021$1,459,106$3,296,627
68$3,735,959$1,810,739$1,430,503$3,521,962
69$4,037,104$1,819,542$1,398,501$3,767,615
70$4,366,447$1,826,259$1,362,910$4,035,610
71$4,726,787$1,830,707$1,323,530$4,328,178
72$5,121,203$1,832,695$1,280,152$4,647,777
73$5,553,086$1,832,018$1,232,557$4,997,117
74$6,026,171$1,828,457$1,180,518$5,379,183
75$6,544,571$1,821,782$1,123,796$5,797,266
76$7,112,815$1,811,747$1,062,141$6,254,994
77$7,735,892$1,798,093$995,292$6,756,364
78$8,419,296$1,780,542$922,978$7,305,782
79$9,169,079$1,758,804$844,913$7,908,104
80$9,991,907$1,732,568$760,800$8,568,684
81$10,895,123$1,701,505$670,328$9,293,420
82$11,886,814$1,665,266$573,172$10,088,815
83$12,975,889$1,623,485$468,993$10,962,037
84$14,172,164$1,575,770$357,439$11,920,987
85$15,486,450$1,521,708$238,138$12,974,370
86$16,930,658$1,460,861$110,706$14,131,786
87$18,517,909$1,392,768$0$15,403,813
88$20,262,661$1,316,939$0$16,803,731
89$22,180,839$1,232,855$0$18,350,440
90$24,289,990$1,139,970$0$20,051,042
91$26,609,445$1,037,705$0$21,921,178
92$29,160,504$925,448$0$23,978,090
93$31,966,633$802,552$0$26,240,778
94$35,053,687$668,335$0$28,730,185
95$38,450,155$522,075$0$31,469,389
96$42,187,423$363,010$0$34,483,827
97$46,300,076$190,333$0$37,801,533
98$50,826,221$3,196$0$41,453,404
99$55,807,843$0$0$45,473,490
100$61,291,208$0$0$49,943,183