Can I retire at age 57 with 1,600,000?

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 $1,600,000?

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$132,127$130,950$129,801$128,681$127,586$126,254
2 years$65,409$64,191$63,010$61,866$60,755$59,414
3 years$43,173$41,950$40,772$39,638$38,546$37,236
4 years$32,057$30,837$29,671$28,557$27,491$26,224
5 years$25,389$24,177$23,026$21,934$20,898$19,677
6 years$20,945$19,742$18,609$17,541$16,536$15,363
7 years$17,773$16,579$15,464$14,422$13,448$12,323
8 years$15,394$14,212$13,115$12,098$11,157$10,079
9 years$13,545$12,374$11,296$10,305$9,396$8,366
10 years$12,067$10,907$9,848$8,883$8,005$7,022
11 years$10,858$9,710$8,670$7,731$6,885$5,948
12 years$9,851$8,715$7,694$6,781$5,966$5,075
13 years$9,000$7,876$6,874$5,986$5,203$4,355
14 years$8,271$7,159$6,177$5,314$4,561$3,756
15 years$7,640$6,540$5,577$4,739$4,016$3,253
16 years$7,089$6,000$5,056$4,243$3,549$2,827
17 years$6,602$5,526$4,601$3,813$3,147$2,464
18 years$6,171$5,106$4,200$3,436$2,798$2,152
19 years$5,785$4,732$3,845$3,105$2,494$1,885
20 years$5,438$4,398$3,529$2,812$2,228$1,653
21 years$5,124$4,096$3,246$2,552$1,993$1,453
22 years$4,840$3,824$2,991$2,320$1,787$1,278
23 years$4,581$3,576$2,762$2,113$1,604$1,126
24 years$4,343$3,351$2,554$1,927$1,442$993
25 years$4,125$3,144$2,366$1,760$1,297$877
26 years$3,924$2,955$2,194$1,609$1,169$774
27 years$3,738$2,781$2,038$1,473$1,054$685
28 years$3,566$2,621$1,894$1,350$951$606
29 years$3,406$2,472$1,763$1,238$858$536
30 years$3,257$2,335$1,642$1,136$776$475
31 years$3,118$2,207$1,531$1,043$701$421
32 years$2,987$2,088$1,428$959$634$373
33 years$2,865$1,978$1,333$882$574$330
34 years$2,751$1,875$1,246$811$520$293
35 years$2,643$1,778$1,165$747$471$260
36 years$2,541$1,688$1,090$688$427$231
37 years$2,445$1,603$1,020$634$387$205
38 years$2,355$1,523$955$584$350$182
39 years$2,269$1,448$895$539$318$161
40 years$2,187$1,378$839$497$288$143
41 years$2,110$1,312$786$458$262$127
42 years$2,037$1,249$738$423$237$113
43 years$1,967$1,190$692$390$215$100
44 years$1,901$1,135$650$361$195$89
45 years$1,838$1,082$610$333$177$79
46 years$1,778$1,032$573$308$161$70
47 years$1,720$985$538$284$146$62
48 years$1,665$940$506$263$133$56
49 years$1,612$898$476$243$121$49
50 years$1,562$858$447$224$110$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,600,000, adding $4,470 every year, while hoping to spend $57,768 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: 50/40/10 Blend
56$1,600,000$1,600,000$1,600,000$1,600,000
57$1,767,811$1,683,011$1,658,211$1,851,290
58$1,886,663$1,704,014$1,652,296$1,929,865
59$2,015,702$1,724,109$1,644,247$2,008,709
60$2,155,905$1,743,193$1,633,932$2,093,050
61$2,308,349$1,761,151$1,621,210$2,183,420
62$2,474,218$1,777,865$1,605,938$2,280,406
63$2,654,814$1,793,205$1,587,962$2,384,655
64$2,851,569$1,807,037$1,567,123$2,496,884
65$3,066,061$1,819,214$1,543,254$2,617,884
66$3,300,026$1,829,582$1,516,179$2,748,529
67$3,555,374$1,837,976$1,485,717$2,889,784
68$3,834,208$1,844,223$1,451,674$3,042,713
69$4,138,842$1,848,136$1,413,850$3,208,495
70$4,471,827$1,849,516$1,372,037$3,388,428
71$4,835,966$1,848,156$1,326,013$3,583,949
72$5,234,350$1,843,831$1,275,550$3,796,643
73$5,670,381$1,836,305$1,220,408$4,028,260
74$6,147,803$1,825,328$1,160,335$4,280,733
75$6,670,742$1,810,633$1,095,070$4,556,197
76$7,243,741$1,791,937$1,024,338$4,857,007
77$7,871,803$1,768,941$947,853$5,185,765
78$8,560,436$1,741,329$865,315$5,545,344
79$9,315,710$1,708,763$776,413$5,938,913
80$10,144,308$1,670,889$680,818$6,369,974
81$11,053,592$1,627,327$578,191$6,842,388
82$12,051,673$1,577,680$468,174$7,360,420
83$13,147,482$1,521,525$350,396$7,928,777
84$14,350,859$1,458,414$224,469$8,552,653
85$15,672,645$1,387,874$89,986$9,237,780
86$17,124,779$1,309,405$0$9,990,485
87$18,720,417$1,222,476$0$10,823,459
88$20,474,051$1,126,529$0$11,749,312
89$22,401,647$1,020,971$0$12,766,981
90$24,520,793$905,177$0$13,885,894
91$26,850,869$778,486$0$15,116,453
92$29,413,225$640,198$0$16,470,127
93$32,231,383$489,578$0$17,959,568
94$35,331,261$325,844$0$19,598,730
95$38,741,413$148,173$0$21,402,999
96$42,493,301$0$0$23,389,347
97$46,621,590$0$0$25,595,989
98$51,164,474$0$0$28,096,205
99$56,164,039$0$0$30,847,959
100$61,666,653$0$0$33,876,799