Can I retire at age 57 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$134,604$133,405$132,235$131,093$129,978$128,782
2 years$66,636$65,395$64,192$63,026$61,895$60,689
3 years$43,982$42,736$41,536$40,381$39,268$38,091
4 years$32,658$31,416$30,228$29,092$28,007$26,867
5 years$25,865$24,630$23,458$22,346$21,290$20,191
6 years$21,338$20,112$18,958$17,870$16,846$15,789
7 years$18,106$16,890$15,754$14,692$13,700$12,686
8 years$15,683$14,478$13,361$12,325$11,366$10,394
9 years$13,799$12,606$11,507$10,498$9,572$8,642
10 years$12,293$11,111$10,032$9,049$8,156$7,268
11 years$11,061$9,892$8,832$7,876$7,014$6,167
12 years$10,036$8,878$7,839$6,908$6,078$5,272
13 years$9,169$8,023$7,003$6,099$5,300$4,533
14 years$8,426$7,293$6,292$5,414$4,646$3,917
15 years$7,784$6,662$5,681$4,828$4,091$3,399
16 years$7,222$6,113$5,151$4,323$3,616$2,960
17 years$6,726$5,629$4,687$3,884$3,206$2,585
18 years$6,286$5,202$4,279$3,500$2,850$2,264
19 years$5,893$4,821$3,917$3,163$2,541$1,986
20 years$5,540$4,480$3,595$2,865$2,269$1,746
21 years$5,221$4,173$3,306$2,600$2,031$1,538
22 years$4,931$3,895$3,047$2,364$1,820$1,356
23 years$4,666$3,643$2,814$2,153$1,634$1,198
24 years$4,425$3,413$2,602$1,964$1,469$1,059
25 years$4,202$3,203$2,410$1,793$1,322$937
26 years$3,998$3,011$2,235$1,640$1,190$829
27 years$3,808$2,833$2,076$1,501$1,073$735
28 years$3,633$2,670$1,930$1,375$968$652
29 years$3,470$2,519$1,796$1,261$875$578
30 years$3,318$2,379$1,673$1,157$790$513
31 years$3,176$2,249$1,559$1,063$714$456
32 years$3,043$2,128$1,455$977$646$405
33 years$2,919$2,015$1,358$898$585$360
34 years$2,802$1,910$1,269$826$529$320
35 years$2,692$1,811$1,187$761$480$285
36 years$2,589$1,719$1,110$701$435$253
37 years$2,491$1,633$1,039$646$394$225
38 years$2,399$1,552$973$595$357$200
39 years$2,311$1,476$912$549$324$178
40 years$2,228$1,404$854$506$294$159
41 years$2,150$1,336$801$467$266$141
42 years$2,075$1,273$752$431$242$126
43 years$2,004$1,213$705$398$219$112
44 years$1,937$1,156$662$367$199$100
45 years$1,872$1,102$622$339$181$89
46 years$1,811$1,052$584$313$164$79
47 years$1,752$1,003$548$289$149$71
48 years$1,696$958$515$267$135$63
49 years$1,643$915$484$247$123$56
50 years$1,591$874$455$228$112$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,630,000, adding $3,712 every year, while hoping to spend $35,514 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: 59/32/9 Blend
56$1,630,000$1,630,000$1,630,000$1,630,000
57$1,800,089$1,713,699$1,688,434$1,902,384
58$1,945,911$1,759,884$1,707,210$2,017,727
59$2,105,417$1,807,141$1,725,424$2,139,086
60$2,279,965$1,855,486$1,743,022$2,270,536
61$2,471,051$1,904,934$1,759,942$2,413,048
62$2,680,320$1,955,498$1,776,122$2,567,692
63$2,909,588$2,007,193$1,791,497$2,735,647
64$3,160,851$2,060,030$1,805,998$2,918,208
65$3,436,309$2,114,023$1,819,550$3,116,803
66$3,738,386$2,169,183$1,832,077$3,333,005
67$4,069,748$2,225,520$1,843,499$3,568,544
68$4,433,336$2,283,044$1,853,730$3,825,327
69$4,832,386$2,341,763$1,862,680$4,105,453
70$5,270,466$2,401,686$1,870,256$4,411,236
71$5,751,503$2,462,818$1,876,359$4,745,221
72$6,279,824$2,525,164$1,880,885$5,110,215
73$6,860,197$2,588,727$1,883,725$5,509,307
74$7,497,872$2,653,510$1,884,765$5,945,903
75$8,198,635$2,719,512$1,883,885$6,423,753
76$8,968,859$2,786,732$1,880,958$6,946,989
77$9,815,566$2,855,165$1,875,854$7,520,162
78$10,746,492$2,924,806$1,868,433$8,148,287
79$11,770,158$2,995,646$1,858,549$8,836,889
80$12,895,956$3,067,674$1,846,052$9,592,056
81$14,134,230$3,140,876$1,830,782$10,420,495
82$15,496,378$3,215,237$1,812,570$11,329,596
83$16,994,961$3,290,735$1,791,243$12,327,502
84$18,643,814$3,367,348$1,766,617$13,423,184
85$20,458,185$3,445,050$1,738,500$14,626,529
86$22,454,871$3,523,809$1,706,691$15,948,430
87$24,652,383$3,603,590$1,670,980$17,400,892
88$27,071,115$3,684,355$1,631,147$18,997,140
89$29,733,539$3,766,060$1,586,962$20,751,750
90$32,664,418$3,848,655$1,538,183$22,680,783
91$35,891,036$3,932,085$1,484,559$24,801,936
92$39,443,456$4,016,292$1,425,826$27,134,713
93$43,354,806$4,101,208$1,361,709$29,700,605
94$47,661,590$4,186,761$1,291,920$32,523,295
95$52,404,030$4,272,870$1,216,157$35,628,880
96$57,626,450$4,359,449$1,134,107$39,046,119
97$63,377,688$4,446,402$1,045,440$42,806,705
98$69,711,563$4,533,627$949,813$46,945,563
99$76,687,377$4,621,010$846,866$51,501,180
100$84,370,480$4,708,429$736,227$56,515,969