Can I retire at age 57 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$142,862$141,589$140,348$139,136$137,953$132,636
2 years$70,724$69,406$68,130$66,892$65,692$60,399
3 years$46,681$45,358$44,085$42,859$41,678$36,575
4 years$34,662$33,343$32,082$30,877$29,725$24,851
5 years$27,452$26,141$24,897$23,717$22,596$17,964
6 years$22,647$21,346$20,121$18,966$17,880$13,492
7 years$19,217$17,927$16,720$15,593$14,541$10,397
8 years$16,645$15,366$14,180$13,081$12,063$8,158
9 years$14,646$13,379$12,213$11,142$10,159$6,488
10 years$13,047$11,793$10,648$9,604$8,656$5,211
11 years$11,740$10,499$9,374$8,359$7,444$4,219
12 years$10,652$9,423$8,319$7,332$6,451$3,436
13 years$9,732$8,516$7,433$6,473$5,626$2,812
14 years$8,943$7,741$6,678$5,746$4,931$2,310
15 years$8,261$7,071$6,030$5,124$4,342$1,904
16 years$7,665$6,488$5,467$4,588$3,837$1,573
17 years$7,139$5,975$4,975$4,123$3,402$1,302
18 years$6,672$5,521$4,541$3,715$3,025$1,080
19 years$6,255$5,117$4,157$3,357$2,697$897
20 years$5,880$4,755$3,815$3,040$2,409$746
21 years$5,541$4,429$3,509$2,759$2,155$621
22 years$5,233$4,134$3,234$2,509$1,932$517
23 years$4,953$3,867$2,986$2,285$1,734$431
24 years$4,696$3,623$2,762$2,084$1,559$359
25 years$4,460$3,400$2,558$1,903$1,403$300
26 years$4,243$3,195$2,372$1,740$1,264$250
27 years$4,042$3,007$2,203$1,593$1,139$209
28 years$3,856$2,834$2,048$1,459$1,028$174
29 years$3,683$2,673$1,906$1,338$928$146
30 years$3,522$2,525$1,775$1,228$839$122
31 years$3,371$2,387$1,655$1,128$758$102
32 years$3,230$2,258$1,544$1,037$686$85
33 years$3,098$2,139$1,442$953$621$71
34 years$2,974$2,027$1,347$877$562$59
35 years$2,858$1,922$1,259$807$509$50
36 years$2,748$1,825$1,178$744$461$41
37 years$2,644$1,733$1,103$685$418$35
38 years$2,546$1,647$1,033$632$379$29
39 years$2,453$1,566$968$582$344$24
40 years$2,365$1,490$907$537$312$20
41 years$2,282$1,418$850$496$283$17
42 years$2,203$1,351$798$457$257$14
43 years$2,127$1,287$748$422$233$12
44 years$2,055$1,227$703$390$211$10
45 years$1,987$1,170$660$360$192$8
46 years$1,922$1,116$620$333$174$7
47 years$1,860$1,065$582$307$158$6
48 years$1,800$1,017$547$284$144$5
49 years$1,743$971$514$262$130$4
50 years$1,689$927$483$242$119$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,730,000, adding $3,068 every year, while hoping to spend $49,567 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: 49/46/5 Blend
56$1,730,000$1,730,000$1,730,000$1,730,000
57$1,909,625$1,817,935$1,791,120$2,000,707
58$2,051,667$1,854,275$1,798,383$2,099,465
59$2,206,537$1,890,734$1,804,229$2,201,110
60$2,375,490$1,927,266$1,808,557$2,310,321
61$2,559,909$1,963,821$1,811,262$2,427,813
62$2,761,315$2,000,343$1,812,235$2,554,378
63$2,981,384$2,036,775$1,811,359$2,690,884
64$3,221,960$2,073,051$1,808,515$2,838,292
65$3,485,073$2,109,105$1,803,573$2,997,659
66$3,772,961$2,144,860$1,796,403$3,170,148
67$4,088,083$2,180,239$1,786,863$3,357,045
68$4,433,152$2,215,155$1,774,807$3,559,763
69$4,811,152$2,249,517$1,760,082$3,779,864
70$5,225,372$2,283,225$1,742,527$4,019,066
71$5,679,432$2,316,175$1,721,974$4,279,266
72$6,177,320$2,348,254$1,698,246$4,562,553
73$6,723,428$2,379,339$1,671,158$4,871,231
74$7,322,593$2,409,303$1,640,518$5,207,840
75$7,980,145$2,438,006$1,606,122$5,575,180
76$8,701,952$2,465,301$1,567,760$5,976,339
77$9,494,481$2,491,030$1,525,209$6,414,720
78$10,364,853$2,515,025$1,478,238$6,894,077
79$11,320,913$2,537,107$1,426,605$7,418,547
80$12,371,305$2,557,084$1,370,055$7,992,692
81$13,525,551$2,574,754$1,308,325$8,621,542
82$14,794,139$2,589,899$1,241,136$9,310,642
83$16,188,627$2,602,289$1,168,199$10,066,106
84$17,721,745$2,611,679$1,089,212$10,894,676
85$19,407,520$2,617,808$1,003,857$11,803,784
86$21,261,406$2,620,400$911,805$12,801,624
87$23,300,429$2,619,160$812,711$13,897,230
88$25,543,349$2,613,775$706,213$15,100,564
89$28,010,835$2,603,914$591,935$16,422,606
90$30,725,659$2,589,225$469,484$17,875,463
91$33,712,914$2,569,334$338,449$19,472,484
92$37,000,245$2,543,846$198,402$21,228,384
93$40,618,116$2,512,340$48,894$23,159,387
94$44,600,090$2,474,371$0$25,283,379
95$48,983,153$2,429,468$0$27,625,980
96$53,808,053$2,377,132$0$30,206,193
97$59,119,696$2,316,832$0$33,045,398
98$64,967,557$2,248,009$0$36,170,042
99$71,406,156$2,170,070$0$39,609,277
100$78,495,567$2,082,387$0$43,395,240