Can I retire at age 57 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$127,998$126,857$125,745$124,659$123,599$120,709
2 years$63,365$62,185$61,041$59,932$58,857$55,962
3 years$41,824$40,639$39,498$38,399$37,341$34,531
4 years$31,055$29,874$28,744$27,664$26,632$23,929
5 years$24,596$23,421$22,307$21,249$20,245$17,657
6 years$20,291$19,125$18,027$16,993$16,019$13,548
7 years$17,217$16,061$14,981$13,971$13,028$10,674
8 years$14,913$13,768$12,705$11,720$10,808$8,571
9 years$13,122$11,987$10,943$9,983$9,102$6,979
10 years$11,690$10,566$9,540$8,605$7,755$5,745
11 years$10,519$9,406$8,399$7,489$6,670$4,769
12 years$9,543$8,443$7,454$6,569$5,780$3,986
13 years$8,719$7,630$6,659$5,799$5,040$3,350
14 years$8,013$6,935$5,984$5,148$4,418$2,827
15 years$7,402$6,335$5,402$4,591$3,890$2,395
16 years$6,867$5,813$4,898$4,111$3,438$2,035
17 years$6,396$5,353$4,457$3,694$3,048$1,734
18 years$5,978$4,947$4,069$3,329$2,711$1,480
19 years$5,604$4,584$3,725$3,008$2,416$1,266
20 years$5,268$4,260$3,418$2,724$2,158$1,084
21 years$4,964$3,968$3,144$2,472$1,931$930
22 years$4,689$3,704$2,898$2,248$1,731$798
23 years$4,437$3,464$2,676$2,047$1,554$686
24 years$4,207$3,246$2,475$1,867$1,397$590
25 years$3,996$3,046$2,292$1,705$1,257$508
26 years$3,801$2,863$2,126$1,559$1,132$437
27 years$3,621$2,694$1,974$1,427$1,021$377
28 years$3,455$2,539$1,835$1,308$921$325
29 years$3,300$2,395$1,708$1,199$832$280
30 years$3,155$2,262$1,591$1,100$751$242
31 years$3,020$2,138$1,483$1,011$679$208
32 years$2,894$2,023$1,383$929$615$180
33 years$2,776$1,916$1,292$854$556$155
34 years$2,665$1,816$1,207$786$504$134
35 years$2,560$1,722$1,128$723$456$116
36 years$2,462$1,635$1,056$666$413$100
37 years$2,369$1,553$988$614$374$86
38 years$2,281$1,476$925$566$340$75
39 years$2,198$1,403$867$522$308$64
40 years$2,119$1,335$813$481$279$56
41 years$2,044$1,271$762$444$253$48
42 years$1,973$1,210$715$410$230$42
43 years$1,906$1,153$671$378$209$36
44 years$1,842$1,099$629$349$189$31
45 years$1,780$1,048$591$323$172$27
46 years$1,722$1,000$555$298$156$23
47 years$1,666$954$522$275$142$20
48 years$1,613$911$490$254$129$17
49 years$1,562$870$461$235$117$15
50 years$1,513$831$433$217$106$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,550,000, adding $5,081 every year, while hoping to spend $46,895 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: 65/10/25 Blend
56$1,550,000$1,550,000$1,550,000$1,550,000
57$1,713,341$1,631,191$1,607,166$1,813,213
58$1,838,206$1,661,223$1,611,110$1,911,210
59$1,974,235$1,691,156$1,613,615$2,012,560
60$2,122,518$1,720,934$1,614,582$2,122,278
61$2,284,254$1,750,498$1,613,909$2,241,190
62$2,460,762$1,779,786$1,611,489$2,370,207
63$2,653,494$1,808,730$1,607,209$2,510,333
64$2,864,050$1,837,257$1,600,949$2,662,675
65$3,094,189$1,865,289$1,592,587$2,828,454
66$3,345,849$1,892,741$1,581,992$3,009,016
67$3,621,165$1,919,525$1,569,027$3,205,845
68$3,922,485$1,945,542$1,553,551$3,420,576
69$4,252,396$1,970,692$1,535,413$3,655,014
70$4,613,747$1,994,863$1,514,456$3,911,147
71$5,009,676$2,017,938$1,490,517$4,191,168
72$5,443,638$2,039,791$1,463,424$4,497,494
73$5,919,437$2,060,290$1,432,997$4,832,790
74$6,441,266$2,079,289$1,399,048$5,199,996
75$7,013,739$2,096,638$1,361,380$5,602,352
76$7,641,941$2,112,175$1,319,787$6,043,428
77$8,331,473$2,125,726$1,274,055$6,527,164
78$9,088,504$2,137,107$1,223,956$7,057,901
79$9,919,830$2,146,124$1,169,257$7,640,425
80$10,832,937$2,152,568$1,109,711$8,280,014
81$11,836,071$2,156,218$1,045,061$8,982,485
82$12,938,317$2,156,839$975,037$9,754,252
83$14,149,683$2,154,183$899,359$10,602,385
84$15,481,197$2,147,983$817,733$11,534,679
85$16,945,004$2,137,960$729,853$12,559,727
86$18,554,488$2,123,814$635,397$13,687,001
87$20,324,395$2,105,229$534,031$14,926,943
88$22,270,968$2,081,870$425,406$16,291,064
89$24,412,107$2,053,382$309,157$17,792,055
90$26,767,531$2,019,386$184,903$19,443,902
91$29,358,967$1,979,485$52,246$21,262,025
92$32,210,357$1,933,255$0$23,263,420
93$35,348,077$1,880,248$0$25,490,650
94$38,801,190$1,819,990$0$27,956,962
95$42,601,721$1,751,979$0$30,671,290
96$46,784,955$1,675,683$0$33,658,851
97$51,389,770$1,590,542$0$36,947,436
98$56,459,009$1,495,961$0$40,567,668
99$62,039,876$1,391,311$0$44,553,294
100$68,184,385$1,275,927$0$48,941,500