Can I retire at age 57 with 1,770,000?

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 $1,770,000?

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$146,165$144,863$143,593$142,353$141,142$139,668
2 years$72,359$71,011$69,705$68,439$67,211$65,726
3 years$47,760$46,407$45,104$43,849$42,641$41,192
4 years$35,463$34,114$32,824$31,591$30,412$29,010
5 years$28,087$26,746$25,473$24,265$23,119$21,768
6 years$23,171$21,840$20,586$19,405$18,293$16,995
7 years$19,661$18,341$17,107$15,954$14,877$13,632
8 years$17,030$15,722$14,508$13,383$12,342$11,150
9 years$14,984$13,689$12,496$11,400$10,394$9,254
10 years$13,349$12,066$10,894$9,827$8,856$7,769
11 years$12,012$10,741$9,591$8,552$7,616$6,580
12 years$10,898$9,641$8,512$7,501$6,600$5,614
13 years$9,957$8,713$7,605$6,623$5,756$4,818
14 years$9,150$7,920$6,833$5,879$5,045$4,155
15 years$8,452$7,235$6,169$5,243$4,442$3,598
16 years$7,842$6,638$5,593$4,694$3,926$3,127
17 years$7,304$6,113$5,090$4,218$3,481$2,725
18 years$6,826$5,649$4,646$3,801$3,095$2,381
19 years$6,399$5,235$4,253$3,435$2,759$2,085
20 years$6,016$4,865$3,904$3,111$2,464$1,829
21 years$5,669$4,531$3,590$2,823$2,205$1,607
22 years$5,354$4,230$3,309$2,567$1,977$1,414
23 years$5,067$3,956$3,055$2,338$1,774$1,246
24 years$4,805$3,707$2,826$2,132$1,595$1,099
25 years$4,563$3,478$2,617$1,947$1,435$970
26 years$4,341$3,269$2,427$1,780$1,293$857
27 years$4,135$3,077$2,254$1,630$1,166$757
28 years$3,945$2,899$2,095$1,493$1,052$670
29 years$3,768$2,735$1,950$1,369$950$593
30 years$3,603$2,583$1,816$1,257$858$525
31 years$3,449$2,442$1,693$1,154$776$465
32 years$3,305$2,310$1,580$1,061$702$412
33 years$3,170$2,188$1,475$975$635$366
34 years$3,043$2,074$1,378$897$575$324
35 years$2,924$1,967$1,289$826$521$288
36 years$2,811$1,867$1,205$761$472$255
37 years$2,705$1,773$1,128$701$428$226
38 years$2,605$1,685$1,057$646$388$201
39 years$2,510$1,602$990$596$352$178
40 years$2,420$1,524$928$550$319$158
41 years$2,335$1,451$870$507$289$141
42 years$2,253$1,382$816$468$263$125
43 years$2,176$1,317$766$432$238$111
44 years$2,103$1,255$719$399$216$99
45 years$2,033$1,197$675$368$196$88
46 years$1,966$1,142$634$340$178$78
47 years$1,903$1,090$596$314$162$69
48 years$1,842$1,040$560$290$147$61
49 years$1,784$993$526$268$134$55
50 years$1,728$949$495$248$121$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,770,000, adding $5,031 every year, while hoping to spend $56,373 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: 80/7/13 Blend
56$1,770,000$1,770,000$1,770,000$1,770,000
57$1,955,729$1,861,919$1,834,484$2,106,900
58$2,095,233$1,893,173$1,835,959$2,238,205
59$2,247,077$1,924,069$1,835,594$2,374,459
60$2,412,461$1,954,529$1,833,268$2,522,360
61$2,592,703$1,984,472$1,828,853$2,683,046
62$2,789,256$2,013,809$1,822,217$2,857,775
63$3,003,718$2,042,444$1,813,220$3,047,930
64$3,237,850$2,070,276$1,801,715$3,255,036
65$3,493,587$2,097,196$1,787,549$3,480,770
66$3,773,061$2,123,087$1,770,560$3,726,984
67$4,078,621$2,147,826$1,750,582$3,995,714
68$4,412,850$2,171,279$1,727,436$4,289,206
69$4,778,594$2,193,305$1,700,938$4,609,933
70$5,178,986$2,213,753$1,670,895$4,960,622
71$5,617,477$2,232,461$1,637,105$5,344,274
72$6,097,867$2,249,258$1,599,355$5,764,200
73$6,624,339$2,263,962$1,557,423$6,224,045
74$7,201,503$2,276,378$1,511,078$6,727,827
75$7,834,435$2,286,299$1,460,078$7,279,973
76$8,528,725$2,293,504$1,404,168$7,885,362
77$9,290,530$2,297,761$1,343,082$8,549,370
78$10,126,633$2,298,821$1,276,545$9,277,922
79$11,044,506$2,296,419$1,204,265$10,077,545
80$12,052,378$2,290,276$1,125,941$10,955,434
81$13,159,314$2,280,094$1,041,254$11,919,518
82$14,375,303$2,265,557$949,874$12,978,533
83$15,711,345$2,246,331$851,456$14,142,109
84$17,179,561$2,222,059$745,639$15,420,855
85$18,793,303$2,192,367$632,045$16,826,466
86$20,567,282$2,156,855$510,280$18,371,829
87$22,517,704$2,115,100$379,934$20,071,145
88$24,662,425$2,066,655$240,576$21,940,065
89$27,021,116$2,011,045$91,760$23,995,838
90$29,615,453$1,947,769$0$26,257,472
91$32,469,314$1,876,296$0$28,755,218
92$35,609,012$1,796,062$0$31,517,047
93$39,063,535$1,706,473$0$34,555,733
94$42,864,826$1,606,900$0$37,899,387
95$47,048,078$1,496,677$0$41,578,989
96$51,652,069$1,375,102$0$45,628,672
97$56,719,527$1,241,429$0$50,086,052
98$62,297,533$1,094,873$0$54,992,575
99$68,437,963$934,604$0$60,393,916
100$75,197,978$759,743$0$66,340,403