Can I retire at age 57 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$151,945$150,592$149,272$147,983$146,724$141,518
2 years$75,221$73,820$72,462$71,146$69,869$64,679
3 years$49,649$48,242$46,888$45,584$44,328$39,318
4 years$36,866$35,463$34,122$32,840$31,615$26,823
5 years$29,198$27,803$26,480$25,225$24,033$19,472
6 years$24,087$22,704$21,400$20,172$19,017$14,689
7 years$20,438$19,066$17,783$16,585$15,466$11,371
8 years$17,703$16,343$15,082$13,913$12,830$8,965
9 years$15,577$14,230$12,990$11,850$10,805$7,164
10 years$13,877$12,543$11,325$10,215$9,206$5,784
11 years$12,487$11,166$9,970$8,890$7,918$4,707
12 years$11,329$10,022$8,848$7,798$6,861$3,854
13 years$10,350$9,057$7,905$6,884$5,983$3,172
14 years$9,512$8,233$7,103$6,111$5,245$2,620
15 years$8,786$7,521$6,413$5,450$4,618$2,172
16 years$8,152$6,900$5,814$4,880$4,081$1,805
17 years$7,593$6,355$5,291$4,385$3,619$1,503
18 years$7,096$5,872$4,830$3,951$3,218$1,254
19 years$6,652$5,442$4,422$3,570$2,868$1,048
20 years$6,254$5,057$4,058$3,234$2,562$876
21 years$5,893$4,711$3,732$2,935$2,292$734
22 years$5,566$4,397$3,440$2,668$2,055$615
23 years$5,268$4,113$3,176$2,430$1,845$516
24 years$4,995$3,853$2,938$2,216$1,658$433
25 years$4,744$3,616$2,721$2,024$1,492$363
26 years$4,513$3,398$2,523$1,851$1,344$305
27 years$4,299$3,198$2,343$1,694$1,212$257
28 years$4,101$3,014$2,178$1,552$1,093$216
29 years$3,917$2,843$2,027$1,423$987$181
30 years$3,745$2,685$1,888$1,306$892$152
31 years$3,585$2,538$1,760$1,200$806$128
32 years$3,436$2,402$1,642$1,103$729$108
33 years$3,295$2,274$1,533$1,014$660$91
34 years$3,163$2,156$1,433$933$598$76
35 years$3,039$2,045$1,340$859$541$64
36 years$2,922$1,941$1,253$791$491$54
37 years$2,812$1,843$1,173$729$445$45
38 years$2,708$1,752$1,098$672$403$38
39 years$2,609$1,666$1,029$619$365$32
40 years$2,516$1,585$965$571$332$27
41 years$2,427$1,509$904$527$301$23
42 years$2,343$1,437$848$486$273$19
43 years$2,262$1,369$796$449$248$16
44 years$2,186$1,305$747$415$225$14
45 years$2,114$1,244$702$383$204$11
46 years$2,044$1,187$659$354$185$10
47 years$1,978$1,133$619$327$168$8
48 years$1,915$1,081$582$302$153$7
49 years$1,854$1,033$547$279$139$6
50 years$1,796$986$514$258$126$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,840,000, adding $4,491 every year, while hoping to spend $42,450 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: 69/20/11 Blend
56$1,840,000$1,840,000$1,840,000$1,840,000
57$2,032,312$1,934,792$1,906,272$2,167,575
58$2,194,442$1,984,431$1,924,966$2,307,571
59$2,371,686$2,035,079$1,942,863$2,455,124
60$2,565,541$2,086,741$1,959,892$2,615,425
61$2,777,655$2,139,421$1,975,978$2,789,720
62$3,009,844$2,193,120$1,991,041$2,979,382
63$3,264,106$2,247,840$2,004,999$3,185,919
64$3,542,640$2,303,580$2,017,762$3,410,996
65$3,847,872$2,360,338$2,029,239$3,656,444
66$4,182,469$2,418,109$2,039,333$3,924,281
67$4,549,372$2,476,887$2,047,942$4,216,730
68$4,951,819$2,536,665$2,054,958$4,536,239
69$5,393,374$2,597,432$2,060,270$4,885,505
70$5,877,967$2,659,175$2,063,758$5,267,498
71$6,409,925$2,721,879$2,065,298$5,685,491
72$6,994,013$2,785,527$2,064,761$6,143,091
73$7,635,481$2,850,097$2,062,010$6,644,269
74$8,340,114$2,915,565$2,056,901$7,193,402
75$9,114,282$2,981,905$2,049,284$7,795,312
76$9,965,005$3,049,085$2,039,001$8,455,312
77$10,900,016$3,117,070$2,025,888$9,179,257
78$11,927,833$3,185,821$2,009,770$9,973,595
79$13,057,841$3,255,296$1,990,467$10,845,434
80$14,300,382$3,325,446$1,967,788$11,802,605
81$15,666,847$3,396,219$1,941,535$12,853,737
82$17,169,787$3,467,557$1,911,499$14,008,339
83$18,823,033$3,539,394$1,877,462$15,276,887
84$20,641,821$3,611,663$1,839,195$16,670,928
85$22,642,938$3,684,286$1,796,460$18,203,183
86$24,844,883$3,757,181$1,749,006$19,887,671
87$27,268,035$3,830,257$1,696,572$21,739,842
88$29,934,852$3,903,416$1,638,884$23,776,720
89$32,870,076$3,976,553$1,575,656$26,017,065
90$36,100,972$4,049,553$1,506,589$28,481,549
91$39,657,581$4,122,291$1,431,370$31,192,954
92$43,573,005$4,194,634$1,349,671$34,176,386
93$47,883,718$4,266,438$1,261,152$37,459,510
94$52,629,912$4,337,547$1,165,455$41,072,813
95$57,855,872$4,407,796$1,062,206$45,049,893
96$63,610,397$4,477,005$951,017$49,427,775
97$69,947,261$4,544,981$831,480$54,247,259
98$76,925,716$4,611,520$703,168$59,553,309
99$84,611,054$4,676,399$565,640$65,395,476
100$93,075,223$4,739,384$418,430$71,828,365