Can I retire at age 57 with 1,580,000?

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 $1,580,000?

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$130,475$129,313$128,179$127,072$125,991$123,046
2 years$64,592$63,389$62,223$61,092$59,996$57,045
3 years$42,633$41,425$40,262$39,142$38,064$35,200
4 years$31,656$30,452$29,301$28,200$27,147$24,392
5 years$25,072$23,875$22,738$21,660$20,637$17,998
6 years$20,684$19,495$18,376$17,322$16,329$13,810
7 years$17,550$16,372$15,271$14,241$13,280$10,881
8 years$15,202$14,034$12,951$11,947$11,017$8,737
9 years$13,376$12,219$11,154$10,176$9,278$7,114
10 years$11,916$10,771$9,725$8,772$7,905$5,856
11 years$10,722$9,588$8,561$7,634$6,799$4,862
12 years$9,728$8,606$7,598$6,696$5,892$4,063
13 years$8,888$7,777$6,788$5,912$5,138$3,414
14 years$8,168$7,069$6,099$5,248$4,504$2,882
15 years$7,545$6,458$5,507$4,680$3,965$2,441
16 years$7,000$5,925$4,993$4,190$3,505$2,075
17 years$6,520$5,457$4,543$3,765$3,107$1,767
18 years$6,093$5,042$4,147$3,393$2,763$1,509
19 years$5,712$4,673$3,797$3,066$2,463$1,290
20 years$5,370$4,343$3,484$2,777$2,200$1,105
21 years$5,060$4,045$3,205$2,520$1,969$948
22 years$4,779$3,776$2,954$2,291$1,765$814
23 years$4,523$3,531$2,727$2,087$1,584$699
24 years$4,289$3,309$2,522$1,903$1,424$602
25 years$4,073$3,105$2,336$1,738$1,281$518
26 years$3,875$2,918$2,167$1,589$1,154$446
27 years$3,692$2,746$2,012$1,455$1,040$384
28 years$3,521$2,588$1,870$1,333$939$331
29 years$3,363$2,441$1,741$1,222$848$286
30 years$3,216$2,306$1,621$1,122$766$246
31 years$3,079$2,180$1,512$1,030$692$213
32 years$2,950$2,062$1,410$947$626$183
33 years$2,830$1,953$1,317$871$567$158
34 years$2,716$1,851$1,230$801$513$137
35 years$2,610$1,756$1,150$737$465$118
36 years$2,509$1,666$1,076$679$421$102
37 years$2,415$1,583$1,007$626$382$88
38 years$2,325$1,504$943$577$346$76
39 years$2,240$1,430$884$532$314$66
40 years$2,160$1,361$828$491$285$57
41 years$2,084$1,295$777$453$258$49
42 years$2,012$1,234$728$418$234$42
43 years$1,943$1,175$684$386$213$37
44 years$1,877$1,120$642$356$193$32
45 years$1,815$1,068$603$329$175$27
46 years$1,755$1,019$566$304$159$24
47 years$1,699$973$532$281$144$20
48 years$1,644$929$500$259$131$18
49 years$1,592$887$470$240$119$15
50 years$1,543$847$441$221$108$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,580,000, adding $2,469 every year, while hoping to spend $27,640 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: 64/13/23 Blend
56$1,580,000$1,580,000$1,580,000$1,580,000
57$1,743,707$1,659,967$1,635,477$1,844,730
58$1,892,156$1,711,896$1,660,856$1,965,079
59$2,054,821$1,765,444$1,686,160$2,093,194
60$2,233,122$1,820,660$1,711,356$2,232,541
61$2,428,624$1,877,596$1,736,410$2,384,222
62$2,643,051$1,936,305$1,761,287$2,549,453
63$2,878,300$1,996,843$1,785,948$2,729,571
64$3,136,463$2,059,264$1,810,354$2,926,048
65$3,419,843$2,123,629$1,834,461$3,140,506
66$3,730,977$2,189,996$1,858,225$3,374,733
67$4,072,659$2,258,429$1,881,598$3,630,697
68$4,447,968$2,328,989$1,904,529$3,910,565
69$4,860,295$2,401,744$1,926,966$4,216,727
70$5,313,376$2,476,761$1,948,850$4,551,812
71$5,811,328$2,554,110$1,970,124$4,918,719
72$6,358,685$2,633,863$1,990,725$5,320,641
73$6,960,442$2,716,093$2,010,585$5,761,096
74$7,622,103$2,800,877$2,029,635$6,243,960
75$8,349,731$2,888,295$2,047,802$6,773,502
76$9,150,009$2,978,426$2,065,009$7,354,427
77$10,030,295$3,071,355$2,081,172$7,991,919
78$10,998,701$3,167,167$2,096,207$8,691,689
79$12,064,162$3,265,951$2,110,024$9,460,029
80$13,236,523$3,367,799$2,122,526$10,303,874
81$14,526,633$3,472,805$2,133,614$11,230,863
82$15,946,442$3,581,066$2,143,184$12,249,415
83$17,509,123$3,692,682$2,151,123$13,368,805
84$19,229,185$3,807,755$2,157,318$14,599,255
85$21,122,618$3,926,391$2,161,645$15,952,028
86$23,207,042$4,048,701$2,163,977$17,439,534
87$25,501,869$4,174,797$2,164,179$19,075,448
88$28,028,492$4,304,793$2,162,111$20,874,841
89$30,810,481$4,438,811$2,157,624$22,854,319
90$33,873,810$4,576,973$2,150,565$25,032,179
91$37,247,100$4,719,406$2,140,769$27,428,586
92$40,961,887$4,866,239$2,128,068$30,065,760
93$45,052,923$5,017,609$2,112,282$32,968,187
94$49,558,502$5,173,653$2,093,224$36,162,849
95$54,520,821$5,334,513$2,070,699$39,679,480
96$59,986,378$5,500,337$2,044,501$43,550,845
97$66,006,411$5,671,277$2,014,414$47,813,052
98$72,637,382$5,847,487$1,980,215$52,505,891
99$79,941,510$6,029,128$1,941,666$57,673,207
100$87,987,355$6,216,366$1,898,523$63,363,321