Can I retire at age 57 with 1,790,000?

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 $1,790,000?

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$147,817$146,500$145,215$143,961$142,737$140,488
2 years$73,176$71,814$70,493$69,212$67,970$65,710
3 years$48,300$46,931$45,614$44,345$43,123$40,922
4 years$35,864$34,499$33,195$31,948$30,756$28,631
5 years$28,404$27,048$25,761$24,539$23,380$21,338
6 years$23,433$22,087$20,818$19,624$18,500$16,543
7 years$19,883$18,548$17,300$16,134$15,045$13,173
8 years$17,222$15,899$14,672$13,534$12,482$10,695
9 years$15,153$13,843$12,637$11,528$10,511$8,809
10 years$13,500$12,202$11,017$9,938$8,956$7,336
11 years$12,147$10,863$9,699$8,649$7,703$6,164
12 years$11,021$9,750$8,608$7,586$6,675$5,215
13 years$10,069$8,811$7,691$6,697$5,821$4,438
14 years$9,254$8,009$6,910$5,945$5,102$3,795
15 years$8,548$7,316$6,239$5,302$4,492$3,257
16 years$7,930$6,713$5,656$4,747$3,970$2,805
17 years$7,386$6,182$5,147$4,265$3,520$2,422
18 years$6,903$5,713$4,699$3,844$3,130$2,097
19 years$6,472$5,294$4,301$3,473$2,790$1,819
20 years$6,084$4,920$3,948$3,146$2,492$1,580
21 years$5,733$4,583$3,631$2,855$2,230$1,375
22 years$5,415$4,278$3,347$2,596$1,999$1,198
23 years$5,125$4,001$3,090$2,364$1,794$1,045
24 years$4,859$3,748$2,858$2,156$1,613$912
25 years$4,615$3,518$2,647$1,969$1,451$797
26 years$4,390$3,306$2,455$1,801$1,307$697
27 years$4,182$3,111$2,279$1,648$1,179$610
28 years$3,990$2,932$2,119$1,510$1,064$534
29 years$3,810$2,766$1,972$1,385$960$467
30 years$3,644$2,612$1,837$1,271$868$410
31 years$3,488$2,469$1,712$1,167$785$359
32 years$3,342$2,336$1,598$1,073$710$315
33 years$3,206$2,213$1,492$986$642$276
34 years$3,077$2,097$1,394$908$581$242
35 years$2,957$1,989$1,303$835$527$212
36 years$2,843$1,888$1,219$769$477$186
37 years$2,736$1,793$1,141$709$432$164
38 years$2,634$1,704$1,069$653$392$144
39 years$2,538$1,620$1,001$602$356$126
40 years$2,447$1,542$938$556$323$111
41 years$2,361$1,468$880$513$293$97
42 years$2,279$1,398$825$473$265$85
43 years$2,201$1,332$774$437$241$75
44 years$2,127$1,269$727$403$219$66
45 years$2,056$1,210$683$372$199$58
46 years$1,989$1,155$641$344$180$51
47 years$1,924$1,102$602$318$164$45
48 years$1,863$1,052$566$294$149$39
49 years$1,804$1,005$532$271$135$34
50 years$1,748$960$500$251$123$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,790,000, adding $2,082 every year, while hoping to spend $25,813 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: 73/18/9 Blend
56$1,790,000$1,790,000$1,790,000$1,790,000
57$1,974,728$1,879,858$1,852,113$2,115,633
58$2,148,685$1,944,506$1,886,694$2,273,554
59$2,339,521$2,011,457$1,921,568$2,443,034
60$2,548,930$2,080,796$1,956,718$2,627,934
61$2,778,778$2,152,612$1,992,125$2,829,770
62$3,031,121$2,226,997$2,027,769$3,050,213
63$3,308,223$2,304,048$2,063,627$3,291,099
64$3,612,580$2,383,865$2,099,677$3,554,453
65$3,946,939$2,466,550$2,135,892$3,842,503
66$4,314,327$2,552,212$2,172,245$4,157,701
67$4,718,081$2,640,962$2,208,708$4,502,750
68$5,161,874$2,732,918$2,245,248$4,880,624
69$5,649,754$2,828,200$2,281,832$5,294,600
70$6,186,180$2,926,934$2,318,426$5,748,285
71$6,776,068$3,029,250$2,354,990$6,245,655
72$7,424,828$3,135,285$2,391,484$6,791,085
73$8,138,427$3,245,180$2,427,865$7,389,396
74$8,923,436$3,359,083$2,464,087$8,045,899
75$9,787,094$3,477,146$2,500,102$8,766,443
76$10,737,379$3,599,528$2,535,857$9,557,470
77$11,783,082$3,726,395$2,571,298$10,426,078
78$12,933,887$3,857,919$2,606,367$11,380,085
79$14,200,465$3,994,279$2,641,003$12,428,105
80$15,594,575$4,135,661$2,675,139$13,579,624
81$17,129,173$4,282,259$2,708,707$14,845,097
82$18,818,533$4,434,275$2,741,633$16,236,039
83$20,678,388$4,591,919$2,773,842$17,765,137
84$22,726,069$4,755,408$2,805,252$19,446,369
85$24,980,676$4,924,971$2,835,775$21,295,133
86$27,463,254$5,100,844$2,865,323$23,328,397
87$30,196,993$5,283,272$2,893,799$25,564,853
88$33,207,447$5,472,514$2,921,102$28,025,099
89$36,522,774$5,668,834$2,947,126$30,731,826
90$40,174,002$5,872,511$2,971,759$33,710,037
91$44,195,320$6,083,835$2,994,883$36,987,282
92$48,624,406$6,303,105$3,016,375$40,593,913
93$53,502,775$6,530,637$3,036,103$44,563,378
94$58,876,176$6,766,756$3,053,930$48,932,527
95$64,795,021$7,011,803$3,069,712$53,741,967
96$71,314,863$7,266,131$3,083,298$59,036,441
97$78,496,918$7,530,110$3,094,527$64,865,248
98$86,408,643$7,804,125$3,103,232$71,282,713
99$95,124,372$8,088,574$3,109,238$78,348,695
100$104,726,019$8,383,876$3,112,360$86,129,152