Can I retire at age 57 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$137,081$135,860$134,669$133,506$132,371$129,857
2 years$67,862$66,598$65,373$64,186$63,034$60,511
3 years$44,792$43,523$42,301$41,124$39,991$37,538
4 years$33,259$31,994$30,784$29,628$28,522$26,158
5 years$26,341$25,083$23,890$22,757$21,682$19,413
6 years$21,731$20,483$19,306$18,199$17,156$14,985
7 years$18,439$17,201$16,044$14,962$13,953$11,880
8 years$15,971$14,745$13,606$12,552$11,575$9,600
9 years$14,053$12,838$11,719$10,691$9,748$7,869
10 years$12,519$11,316$10,217$9,216$8,306$6,522
11 years$11,265$10,074$8,995$8,021$7,143$5,452
12 years$10,221$9,042$7,983$7,035$6,190$4,589
13 years$9,338$8,171$7,132$6,211$5,398$3,885
14 years$8,582$7,427$6,408$5,513$4,732$3,304
15 years$7,927$6,785$5,786$4,917$4,166$2,820
16 years$7,354$6,225$5,246$4,403$3,682$2,415
17 years$6,850$5,733$4,773$3,956$3,265$2,074
18 years$6,402$5,298$4,357$3,565$2,903$1,785
19 years$6,002$4,910$3,989$3,221$2,587$1,539
20 years$5,642$4,562$3,661$2,917$2,311$1,329
21 years$5,317$4,250$3,367$2,648$2,068$1,149
22 years$5,021$3,967$3,104$2,407$1,854$995
23 years$4,752$3,710$2,866$2,192$1,664$863
24 years$4,506$3,476$2,650$2,000$1,496$749
25 years$4,280$3,262$2,455$1,826$1,346$650
26 years$4,071$3,066$2,276$1,670$1,212$565
27 years$3,878$2,885$2,114$1,528$1,093$491
28 years$3,700$2,719$1,965$1,400$986$427
29 years$3,534$2,565$1,829$1,284$891$371
30 years$3,379$2,422$1,703$1,179$805$323
31 years$3,235$2,290$1,588$1,082$728$282
32 years$3,099$2,167$1,482$995$658$245
33 years$2,973$2,052$1,383$915$596$214
34 years$2,854$1,945$1,293$842$539$186
35 years$2,742$1,845$1,208$775$488$162
36 years$2,636$1,751$1,131$714$443$141
37 years$2,537$1,663$1,058$657$401$123
38 years$2,443$1,580$991$606$364$107
39 years$2,354$1,503$928$559$330$94
40 years$2,269$1,430$870$515$299$82
41 years$2,189$1,361$816$475$271$71
42 years$2,113$1,296$765$439$246$62
43 years$2,041$1,235$718$405$223$54
44 years$1,972$1,177$674$374$203$47
45 years$1,907$1,123$633$345$184$41
46 years$1,844$1,071$595$319$167$36
47 years$1,785$1,022$559$295$152$31
48 years$1,727$976$525$272$138$27
49 years$1,673$932$493$252$125$24
50 years$1,621$890$464$233$114$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,660,000, adding $2,066 every year, while hoping to spend $38,509 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: 45/29/26 Blend
56$1,660,000$1,660,000$1,660,000$1,660,000
57$1,831,451$1,743,471$1,717,741$1,900,025
58$1,977,286$1,787,928$1,734,312$1,993,288
59$2,136,705$1,833,272$1,750,148$2,090,483
60$2,311,054$1,879,508$1,765,182$2,195,139
61$2,501,813$1,926,635$1,779,347$2,307,974
62$2,710,613$1,974,655$1,792,571$2,429,776
63$2,939,249$2,023,567$1,804,776$2,561,417
64$3,189,699$2,073,368$1,815,882$2,703,853
65$3,464,140$2,124,056$1,825,806$2,858,142
66$3,764,971$2,175,623$1,834,459$3,025,447
67$4,094,833$2,228,063$1,841,748$3,207,050
68$4,456,634$2,281,366$1,847,575$3,404,366
69$4,853,579$2,335,521$1,851,837$3,618,952
70$5,289,196$2,390,514$1,854,426$3,852,525
71$5,767,375$2,446,330$1,855,230$4,106,978
72$6,292,395$2,502,949$1,854,128$4,384,397
73$6,868,976$2,560,349$1,850,998$4,687,081
74$7,502,312$2,618,507$1,845,707$5,017,564
75$8,198,129$2,677,395$1,838,120$5,378,641
76$8,962,733$2,736,982$1,828,091$5,773,391
77$9,803,071$2,797,233$1,815,471$6,205,207
78$10,726,796$2,858,110$1,800,102$6,677,832
79$11,742,342$2,919,569$1,781,817$7,195,390
80$12,858,997$2,981,565$1,760,445$7,762,427
81$14,086,998$3,044,045$1,735,803$8,383,954
82$15,437,621$3,106,953$1,707,702$9,065,495
83$16,923,291$3,170,226$1,675,942$9,813,140
84$18,557,697$3,233,797$1,640,316$10,633,600
85$20,355,921$3,297,592$1,600,606$11,534,275
86$22,334,583$3,361,532$1,556,584$12,523,321
87$24,511,992$3,425,528$1,508,011$13,609,726
88$26,908,324$3,489,488$1,454,639$14,803,401
89$29,545,810$3,553,310$1,396,206$16,115,269
90$32,448,943$3,616,883$1,332,439$17,557,370
91$35,644,714$3,680,089$1,263,055$19,142,976
92$39,162,862$3,742,800$1,187,754$20,886,716
93$43,036,157$3,804,880$1,106,227$22,804,716
94$47,300,705$3,866,180$1,018,146$24,914,749
95$51,996,296$3,926,542$923,173$27,236,406
96$57,166,772$3,985,795$820,952$29,791,282
97$62,860,441$4,043,758$711,113$32,603,179
98$69,130,539$4,100,235$593,268$35,698,333
99$76,035,724$4,155,016$467,012$39,105,660
100$83,640,634$4,207,879$331,924$42,857,034