Can I retire at age 57 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$149,468$148,137$146,838$145,570$144,332$141,476
2 years$73,994$72,616$71,280$69,986$68,729$65,864
3 years$48,839$47,455$46,123$44,840$43,605$40,819
4 years$36,265$34,885$33,566$32,305$31,099$28,415
5 years$28,722$27,350$26,048$24,813$23,641$21,066
6 years$23,695$22,333$21,051$19,843$18,706$16,244
7 years$20,105$18,756$17,494$16,314$15,213$12,863
8 years$17,414$16,077$14,836$13,686$12,621$10,382
9 years$15,323$13,998$12,778$11,657$10,629$8,501
10 years$13,650$12,338$11,140$10,049$9,056$7,036
11 years$12,283$10,984$9,808$8,745$7,789$5,875
12 years$11,144$9,859$8,704$7,671$6,749$4,939
13 years$10,182$8,909$7,777$6,772$5,886$4,175
14 years$9,357$8,098$6,987$6,012$5,159$3,546
15 years$8,643$7,398$6,309$5,361$4,543$3,023
16 years$8,019$6,788$5,720$4,800$4,015$2,585
17 years$7,469$6,251$5,205$4,313$3,560$2,216
18 years$6,980$5,776$4,751$3,887$3,165$1,905
19 years$6,544$5,353$4,349$3,512$2,821$1,640
20 years$6,152$4,975$3,992$3,181$2,520$1,414
21 years$5,797$4,634$3,672$2,887$2,255$1,221
22 years$5,475$4,325$3,384$2,625$2,021$1,056
23 years$5,182$4,045$3,124$2,391$1,815$914
24 years$4,913$3,790$2,890$2,180$1,631$792
25 years$4,666$3,557$2,676$1,991$1,468$686
26 years$4,439$3,343$2,482$1,821$1,322$595
27 years$4,229$3,146$2,305$1,666$1,192$517
28 years$4,034$2,965$2,143$1,527$1,075$449
29 years$3,853$2,797$1,994$1,400$971$390
30 years$3,684$2,641$1,857$1,285$877$339
31 years$3,527$2,497$1,732$1,180$793$294
32 years$3,380$2,363$1,616$1,085$718$256
33 years$3,241$2,237$1,508$997$649$223
34 years$3,112$2,121$1,409$918$588$194
35 years$2,990$2,011$1,318$845$533$168
36 years$2,875$1,909$1,233$778$483$147
37 years$2,766$1,813$1,154$717$437$128
38 years$2,664$1,723$1,080$661$396$111
39 years$2,567$1,639$1,012$609$360$97
40 years$2,475$1,559$949$562$326$84
41 years$2,387$1,484$890$518$296$73
42 years$2,304$1,413$835$478$268$64
43 years$2,226$1,347$783$442$244$56
44 years$2,151$1,284$735$408$221$48
45 years$2,079$1,224$690$377$201$42
46 years$2,011$1,168$648$348$182$37
47 years$1,946$1,114$609$321$166$32
48 years$1,884$1,064$572$297$150$28
49 years$1,824$1,016$538$274$137$24
50 years$1,767$970$506$254$124$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,810,000, adding $5,835 every year, while hoping to spend $50,311 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: 45/47/8 Blend
56$1,810,000$1,810,000$1,810,000$1,810,000
57$2,000,639$1,904,709$1,876,654$2,085,926
58$2,151,173$1,944,509$1,885,991$2,185,235
59$2,315,376$1,984,573$1,893,955$2,287,196
60$2,494,589$2,024,861$1,900,447$2,396,591
61$2,690,287$2,065,329$1,905,361$2,514,125
62$2,904,095$2,105,930$1,908,590$2,640,569
63$3,137,803$2,146,610$1,910,018$2,776,777
64$3,393,380$2,187,316$1,909,525$2,923,686
65$3,672,995$2,227,984$1,906,984$3,082,334
66$3,979,036$2,268,551$1,902,263$3,253,859
67$4,314,131$2,308,944$1,895,223$3,439,521
68$4,681,178$2,349,087$1,885,718$3,640,705
69$5,083,363$2,388,897$1,873,595$3,858,939
70$5,524,200$2,428,287$1,858,694$4,095,908
71$6,007,556$2,467,161$1,840,848$4,353,469
72$6,537,690$2,505,415$1,819,880$4,633,671
73$7,119,295$2,542,941$1,795,607$4,938,770
74$7,757,539$2,579,621$1,767,835$5,271,255
75$8,458,114$2,615,328$1,736,364$5,633,871
76$9,227,291$2,649,929$1,700,981$6,029,644
77$10,071,977$2,683,278$1,661,466$6,461,910
78$10,999,781$2,715,221$1,617,588$6,934,347
79$12,019,086$2,745,594$1,569,105$7,451,011
80$13,139,126$2,774,221$1,515,763$8,016,374
81$14,370,074$2,800,915$1,457,298$8,635,367
82$15,723,137$2,825,475$1,393,433$9,313,426
83$17,210,664$2,847,690$1,323,879$10,056,546
84$18,846,256$2,867,332$1,248,334$10,871,337
85$20,644,902$2,884,159$1,166,481$11,765,085
86$22,623,115$2,897,915$1,077,991$12,745,825
87$24,799,087$2,908,327$982,518$13,822,417
88$27,192,863$2,915,105$879,701$15,004,628
89$29,826,529$2,917,939$769,165$16,303,227
90$32,724,418$2,916,501$650,516$17,730,088
91$35,913,343$2,910,444$523,342$19,298,300
92$39,422,846$2,899,398$387,216$21,022,298
93$43,285,478$2,882,970$241,690$22,917,992
94$47,537,106$2,860,744$86,295$25,002,926
95$52,217,250$2,832,280$0$27,296,440
96$57,369,456$2,797,109$0$29,826,646
97$63,041,708$2,754,734$0$32,618,563
98$69,286,877$2,704,631$0$35,690,778
99$76,163,224$2,646,243$0$39,071,907
100$83,734,944$2,578,981$0$42,793,494