Can I retire at age 57 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$146,991$145,681$144,404$143,157$141,940$139,703
2 years$72,768$71,412$70,099$68,826$67,590$65,343
3 years$48,030$46,669$45,359$44,097$42,882$40,694
4 years$35,663$34,307$33,010$31,770$30,584$28,471
5 years$28,246$26,897$25,617$24,402$23,249$21,219
6 years$23,302$21,963$20,702$19,515$18,396$16,450
7 years$19,772$18,445$17,204$16,044$14,961$13,100
8 years$17,126$15,810$14,590$13,459$12,412$10,635
9 years$15,069$13,766$12,566$11,464$10,453$8,759
10 years$13,424$12,134$10,956$9,882$8,906$7,295
11 years$12,079$10,802$9,645$8,600$7,660$6,129
12 years$10,960$9,695$8,560$7,544$6,638$5,186
13 years$10,013$8,762$7,648$6,660$5,788$4,413
14 years$9,202$7,964$6,871$5,912$5,074$3,773
15 years$8,500$7,275$6,204$5,272$4,467$3,239
16 years$7,886$6,675$5,625$4,721$3,948$2,789
17 years$7,345$6,148$5,118$4,242$3,501$2,409
18 years$6,865$5,681$4,672$3,823$3,113$2,085
19 years$6,436$5,265$4,277$3,454$2,774$1,809
20 years$6,050$4,892$3,926$3,128$2,478$1,571
21 years$5,701$4,557$3,611$2,839$2,218$1,367
22 years$5,384$4,254$3,328$2,581$1,988$1,191
23 years$5,096$3,978$3,073$2,351$1,784$1,039
24 years$4,832$3,728$2,842$2,144$1,604$907
25 years$4,589$3,498$2,632$1,958$1,443$793
26 years$4,366$3,288$2,441$1,790$1,300$693
27 years$4,159$3,094$2,267$1,639$1,172$606
28 years$3,967$2,916$2,107$1,502$1,058$531
29 years$3,789$2,750$1,961$1,377$955$465
30 years$3,623$2,598$1,827$1,264$863$407
31 years$3,468$2,456$1,703$1,161$780$357
32 years$3,324$2,323$1,589$1,067$706$313
33 years$3,188$2,200$1,483$981$639$274
34 years$3,060$2,085$1,386$902$578$241
35 years$2,940$1,978$1,296$831$524$211
36 years$2,827$1,877$1,212$765$475$185
37 years$2,720$1,783$1,135$705$430$163
38 years$2,619$1,695$1,063$650$390$143
39 years$2,524$1,611$995$599$354$125
40 years$2,434$1,533$933$553$321$110
41 years$2,348$1,459$875$510$291$97
42 years$2,266$1,390$821$471$264$85
43 years$2,189$1,324$770$434$240$75
44 years$2,115$1,262$723$401$217$66
45 years$2,045$1,204$679$370$197$58
46 years$1,978$1,148$638$342$179$51
47 years$1,914$1,096$599$316$163$44
48 years$1,852$1,046$563$292$148$39
49 years$1,794$999$529$270$134$34
50 years$1,738$954$497$250$122$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,780,000, adding $5,810 every year, while hoping to spend $39,652 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: 21/49/30 Blend
56$1,780,000$1,780,000$1,780,000$1,780,000
57$1,967,553$1,873,213$1,845,623$1,990,084
58$2,126,054$1,922,811$1,865,262$2,061,021
59$2,299,393$1,973,510$1,884,230$2,133,149
60$2,489,042$2,025,323$1,902,462$2,209,399
61$2,696,621$2,078,261$1,919,892$2,290,130
62$2,923,915$2,132,334$1,936,446$2,375,738
63$3,172,888$2,187,552$1,952,051$2,466,660
64$3,445,704$2,243,924$1,966,626$2,563,376
65$3,744,747$2,301,457$1,980,089$2,666,416
66$4,072,641$2,360,158$1,992,352$2,776,364
67$4,432,277$2,420,033$2,003,323$2,893,863
68$4,826,839$2,481,084$2,012,904$3,019,622
69$5,259,834$2,543,315$2,020,994$3,154,422
70$5,735,126$2,606,726$2,027,485$3,299,124
71$6,256,969$2,671,315$2,032,266$3,454,678
72$6,830,051$2,737,081$2,035,218$3,622,130
73$7,459,535$2,804,018$2,036,218$3,802,635
74$8,151,112$2,872,118$2,035,135$3,997,466
75$8,911,046$2,941,372$2,031,832$4,208,024
76$9,746,241$3,011,769$2,026,168$4,435,858
77$10,664,305$3,083,292$2,017,991$4,682,674
78$11,673,614$3,155,924$2,007,145$4,950,352
79$12,783,403$3,229,644$1,993,464$5,240,967
80$14,003,841$3,304,427$1,976,775$5,556,808
81$15,346,134$3,380,246$1,956,899$5,900,396
82$16,822,629$3,457,067$1,933,644$6,274,513
83$18,446,929$3,534,855$1,906,813$6,682,229
84$20,234,022$3,613,569$1,876,198$7,126,926
85$22,200,421$3,693,164$1,841,580$7,612,334
86$24,364,324$3,773,588$1,802,732$8,142,569
87$26,745,777$3,854,786$1,759,416$8,722,167
88$29,366,872$3,936,696$1,711,381$9,356,131
89$32,251,948$4,019,250$1,658,369$10,049,980
90$35,427,827$4,102,373$1,600,104$10,809,795
91$38,924,060$4,185,984$1,536,302$11,642,288
92$42,773,210$4,269,993$1,466,664$12,554,854
93$47,011,159$4,354,305$1,390,879$13,555,651
94$51,677,444$4,438,812$1,308,620$14,653,674
95$56,815,631$4,523,402$1,219,546$15,858,841
96$62,473,726$4,607,949$1,123,302$17,182,088
97$68,704,628$4,692,321$1,019,515$18,635,472
98$75,566,628$4,776,373$907,797$20,232,288
99$83,123,957$4,859,948$787,741$21,987,195
100$91,447,394$4,942,878$658,923$23,916,354