Can I retire at age 57 with 1,860,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$153,597$152,229$150,894$149,591$148,319$147,632
2 years$76,038$74,622$73,250$71,919$70,628$69,935
3 years$50,189$48,766$47,397$46,079$44,809$44,131
4 years$37,266$35,848$34,493$33,197$31,958$31,300
5 years$29,515$28,106$26,768$25,499$24,294$23,658
6 years$24,349$22,950$21,633$20,392$19,223$18,610
7 years$20,661$19,274$17,977$16,765$15,634$15,044
8 years$17,896$16,521$15,246$14,064$12,970$12,403
9 years$15,746$14,385$13,131$11,979$10,922$10,379
10 years$14,027$12,679$11,448$10,326$9,306$8,786
11 years$12,622$11,288$10,079$8,987$8,004$7,506
12 years$11,452$10,131$8,945$7,883$6,936$6,461
13 years$10,463$9,156$7,991$6,959$6,048$5,595
14 years$9,615$8,322$7,180$6,178$5,302$4,870
15 years$8,882$7,602$6,483$5,509$4,668$4,257
16 years$8,241$6,975$5,878$4,933$4,126$3,735
17 years$7,675$6,424$5,348$4,432$3,658$3,287
18 years$7,173$5,936$4,882$3,994$3,253$2,900
19 years$6,725$5,501$4,470$3,609$2,899$2,565
20 years$6,322$5,112$4,102$3,269$2,590$2,273
21 years$5,957$4,762$3,773$2,967$2,317$2,018
22 years$5,626$4,445$3,477$2,697$2,077$1,794
23 years$5,325$4,157$3,211$2,457$1,865$1,598
24 years$5,049$3,895$2,969$2,241$1,676$1,424
25 years$4,795$3,655$2,750$2,046$1,508$1,271
26 years$4,562$3,435$2,551$1,871$1,358$1,135
27 years$4,346$3,233$2,369$1,713$1,225$1,015
28 years$4,146$3,047$2,202$1,569$1,105$908
29 years$3,959$2,874$2,049$1,439$998$812
30 years$3,786$2,714$1,909$1,321$902$728
31 years$3,624$2,566$1,779$1,213$815$652
32 years$3,473$2,428$1,660$1,115$737$585
33 years$3,331$2,299$1,550$1,025$667$524
34 years$3,198$2,179$1,448$943$604$470
35 years$3,072$2,067$1,354$868$547$422
36 years$2,954$1,962$1,267$800$496$379
37 years$2,843$1,863$1,186$737$449$340
38 years$2,737$1,771$1,110$679$407$306
39 years$2,637$1,684$1,040$626$369$275
40 years$2,543$1,602$975$577$335$247
41 years$2,453$1,525$914$533$304$222
42 years$2,368$1,452$858$492$276$199
43 years$2,287$1,384$805$454$250$179
44 years$2,210$1,319$755$419$227$161
45 years$2,136$1,258$709$387$206$145
46 years$2,066$1,200$666$358$187$130
47 years$2,000$1,145$626$330$170$117
48 years$1,936$1,093$588$305$154$105
49 years$1,874$1,044$553$282$140$95
50 years$1,816$997$520$261$127$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,860,000, adding $3,733 every year, while hoping to spend $30,615 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: 62/22/16 Blend
56$1,860,000$1,860,000$1,860,000$1,860,000
57$2,053,571$1,954,991$1,926,161$2,172,459
58$2,230,461$2,018,211$1,958,113$2,316,082
59$2,424,367$2,083,503$1,990,109$2,469,007
60$2,636,994$2,150,936$2,022,119$2,635,222
61$2,870,217$2,220,582$2,054,110$2,816,019
62$3,126,103$2,292,514$2,086,046$3,012,821
63$3,406,927$2,366,809$2,117,891$3,227,195
64$3,715,198$2,443,546$2,149,604$3,460,866
65$4,053,676$2,522,808$2,181,143$3,715,733
66$4,425,403$2,604,678$2,212,464$3,993,887
67$4,833,732$2,689,245$2,243,520$4,297,630
68$5,282,355$2,776,599$2,274,259$4,629,497
69$5,775,337$2,866,835$2,304,629$4,992,280
70$6,317,160$2,960,049$2,334,573$5,389,053
71$6,912,761$3,056,342$2,364,031$5,823,203
72$7,567,577$3,155,817$2,392,941$6,298,459
73$8,287,600$3,258,582$2,421,235$6,818,929
74$9,079,432$3,364,750$2,448,843$7,389,136
75$9,950,346$3,474,434$2,475,691$8,014,065
76$10,908,354$3,587,754$2,501,699$8,699,206
77$11,962,286$3,704,834$2,526,786$9,450,604
78$13,121,869$3,825,801$2,550,863$10,274,923
79$14,397,822$3,950,787$2,573,839$11,179,500
80$15,801,954$4,079,929$2,595,617$12,172,420
81$17,347,277$4,213,370$2,616,094$13,262,589
82$19,048,129$4,351,255$2,635,163$14,459,820
83$20,920,308$4,493,737$2,652,711$15,774,923
84$22,981,222$4,640,972$2,668,619$17,219,808
85$25,250,050$4,793,123$2,682,762$18,807,596
86$27,747,928$4,950,359$2,695,008$20,552,747
87$30,498,145$5,112,855$2,705,218$22,471,188
88$33,526,362$5,280,791$2,713,249$24,580,471
89$36,860,855$5,454,354$2,718,947$26,899,934
90$40,532,782$5,633,737$2,722,152$29,450,883
91$44,576,478$5,819,143$2,722,696$32,256,795
92$49,029,776$6,010,777$2,720,403$35,343,539
93$53,934,364$6,208,857$2,715,088$38,739,618
94$59,336,183$6,413,604$2,706,557$42,476,439
95$65,285,853$6,625,250$2,694,606$46,588,607
96$71,839,157$6,844,034$2,679,022$51,114,257
97$79,057,563$7,070,205$2,659,582$56,095,407
98$87,008,808$7,304,018$2,636,051$61,578,357
99$95,767,532$7,545,740$2,608,184$67,614,125
100$105,415,986$7,795,647$2,575,724$74,258,932