Can I retire at age 57 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$139,559$138,316$137,103$135,919$134,763$133,189
2 years$69,088$67,802$66,555$65,346$64,173$62,589
3 years$45,601$44,309$43,065$41,868$40,714$39,169
4 years$33,860$32,572$31,341$30,163$29,037$27,543
5 years$26,817$25,537$24,322$23,168$22,074$20,635
6 years$22,124$20,853$19,655$18,528$17,466$16,084
7 years$18,772$17,512$16,334$15,233$14,205$12,880
8 years$16,260$15,011$13,852$12,778$11,784$10,517
9 years$14,307$13,070$11,931$10,884$9,924$8,714
10 years$12,745$11,520$10,402$9,382$8,456$7,301
11 years$11,469$10,256$9,157$8,166$7,272$6,173
12 years$10,405$9,205$8,127$7,162$6,302$5,256
13 years$9,507$8,319$7,261$6,323$5,495$4,502
14 years$8,737$7,562$6,524$5,613$4,817$3,875
15 years$8,070$6,908$5,890$5,006$4,241$3,349
16 years$7,487$6,338$5,340$4,482$3,749$2,904
17 years$6,974$5,837$4,860$4,027$3,324$2,526
18 years$6,518$5,393$4,436$3,629$2,955$2,202
19 years$6,110$4,999$4,061$3,279$2,634$1,924
20 years$5,744$4,645$3,727$2,970$2,353$1,684
21 years$5,413$4,327$3,428$2,696$2,106$1,477
22 years$5,112$4,039$3,160$2,451$1,887$1,296
23 years$4,838$3,777$2,917$2,232$1,694$1,139
24 years$4,587$3,539$2,698$2,036$1,523$1,002
25 years$4,357$3,321$2,499$1,859$1,370$883
26 years$4,145$3,121$2,318$1,700$1,234$778
27 years$3,949$2,938$2,152$1,556$1,113$686
28 years$3,767$2,768$2,001$1,426$1,004$606
29 years$3,598$2,611$1,862$1,307$907$535
30 years$3,440$2,466$1,734$1,200$819$472
31 years$3,293$2,331$1,617$1,102$741$417
32 years$3,156$2,206$1,508$1,013$670$369
33 years$3,027$2,089$1,408$931$606$326
34 years$2,905$1,980$1,316$857$549$289
35 years$2,791$1,878$1,230$789$497$255
36 years$2,684$1,782$1,151$726$451$226
37 years$2,583$1,693$1,077$669$408$200
38 years$2,487$1,609$1,009$617$370$177
39 years$2,396$1,530$945$569$336$157
40 years$2,310$1,456$886$525$304$139
41 years$2,229$1,386$831$484$276$123
42 years$2,152$1,320$779$447$251$109
43 years$2,078$1,257$731$412$227$97
44 years$2,008$1,198$686$381$206$86
45 years$1,941$1,143$644$352$187$76
46 years$1,878$1,090$605$325$170$67
47 years$1,817$1,040$569$300$155$60
48 years$1,759$993$534$277$140$53
49 years$1,703$948$502$256$127$47
50 years$1,650$906$472$237$116$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,690,000, adding $2,322 every year, while hoping to spend $51,212 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: 59/21/20 Blend
56$1,690,000$1,690,000$1,690,000$1,690,000
57$1,864,775$1,775,205$1,749,010$1,964,835
58$2,000,493$1,807,701$1,753,113$2,065,472
59$2,148,338$1,840,073$1,755,637$2,169,383
60$2,309,492$1,872,260$1,756,474$2,281,563
61$2,485,258$1,904,199$1,755,514$2,402,821
62$2,677,068$1,935,818$1,752,638$2,534,048
63$2,886,500$1,967,044$1,747,722$2,676,229
64$3,115,290$1,997,796$1,740,637$2,830,448
65$3,365,348$2,027,987$1,731,247$2,997,901
66$3,638,780$2,057,525$1,719,410$3,179,905
67$3,937,902$2,086,310$1,704,977$3,377,916
68$4,265,266$2,114,237$1,687,792$3,593,536
69$4,623,680$2,141,192$1,667,690$3,828,534
70$5,016,239$2,167,053$1,644,500$4,084,857
71$5,446,348$2,191,691$1,618,044$4,364,657
72$5,917,759$2,214,968$1,588,132$4,670,302
73$6,434,604$2,236,736$1,554,569$5,004,407
74$7,001,435$2,256,837$1,517,148$5,369,853
75$7,623,263$2,275,104$1,475,654$5,769,818
76$8,305,610$2,291,358$1,429,862$6,207,806
77$9,054,556$2,305,408$1,379,537$6,687,680
78$9,876,801$2,317,053$1,324,431$7,213,701
79$10,779,723$2,326,077$1,264,288$7,790,566
80$11,771,452$2,332,252$1,198,838$8,423,453
81$12,860,940$2,335,333$1,127,800$9,118,074
82$14,058,054$2,335,062$1,050,879$9,880,725
83$15,373,660$2,331,164$967,768$10,718,347
84$16,819,731$2,323,349$878,146$11,638,594
85$18,409,457$2,311,307$781,678$12,649,906
86$20,157,370$2,294,709$678,012$13,761,586
87$22,079,479$2,273,207$566,783$14,983,891
88$24,193,425$2,246,433$447,609$16,328,130
89$26,518,640$2,213,994$320,090$17,806,771
90$29,076,539$2,175,477$183,810$19,433,558
91$31,890,712$2,130,442$38,334$21,223,644
92$34,987,155$2,078,424$0$23,193,734
93$38,394,508$2,018,930$0$25,387,193
94$42,144,329$1,951,439$0$27,809,726
95$46,271,390$1,875,398$0$30,475,628
96$50,814,003$1,790,224$0$33,409,681
97$55,814,385$1,695,299$0$36,639,196
98$61,319,053$1,589,969$0$40,194,273
99$67,379,263$1,473,544$0$44,108,084
100$74,051,492$1,345,292$0$48,417,189