Can I retire at age 57 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$154,423$153,047$151,705$150,395$149,116$145,335
2 years$76,447$75,023$73,643$72,306$71,008$67,222
3 years$50,458$49,028$47,652$46,327$45,050$41,379
4 years$37,467$36,041$34,679$33,376$32,130$28,602
5 years$29,674$28,257$26,912$25,636$24,425$21,050
6 years$24,480$23,074$21,749$20,501$19,327$16,107
7 years$20,772$19,377$18,073$16,855$15,718$12,655
8 years$17,992$16,610$15,328$14,139$13,039$10,131
9 years$15,831$14,462$13,202$12,044$10,981$8,225
10 years$14,103$12,747$11,510$10,382$9,356$6,750
11 years$12,690$11,348$10,133$9,035$8,047$5,586
12 years$11,514$10,186$8,993$7,925$6,973$4,653
13 years$10,519$9,205$8,034$6,997$6,081$3,897
14 years$9,667$8,367$7,219$6,211$5,330$3,278
15 years$8,930$7,643$6,518$5,539$4,693$2,767
16 years$8,285$7,013$5,909$4,960$4,148$2,343
17 years$7,716$6,458$5,377$4,456$3,678$1,989
18 years$7,212$5,968$4,909$4,016$3,270$1,692
19 years$6,761$5,531$4,494$3,629$2,915$1,441
20 years$6,356$5,140$4,124$3,286$2,604$1,230
21 years$5,989$4,787$3,793$2,983$2,330$1,051
22 years$5,657$4,469$3,496$2,712$2,088$899
23 years$5,354$4,180$3,228$2,470$1,875$769
24 years$5,076$3,916$2,985$2,253$1,685$659
25 years$4,821$3,675$2,765$2,057$1,516$565
26 years$4,586$3,454$2,564$1,881$1,366$485
27 years$4,369$3,251$2,381$1,722$1,231$416
28 years$4,168$3,063$2,214$1,577$1,111$357
29 years$3,981$2,890$2,060$1,447$1,003$307
30 years$3,807$2,729$1,919$1,328$907$263
31 years$3,644$2,580$1,789$1,219$820$226
32 years$3,492$2,441$1,669$1,121$741$194
33 years$3,349$2,312$1,558$1,030$671$167
34 years$3,215$2,191$1,456$948$607$144
35 years$3,089$2,078$1,361$873$550$124
36 years$2,970$1,972$1,274$804$499$106
37 years$2,858$1,873$1,192$741$452$91
38 years$2,752$1,780$1,116$683$410$79
39 years$2,652$1,693$1,046$629$371$68
40 years$2,557$1,611$980$581$337$58
41 years$2,466$1,533$919$536$306$50
42 years$2,381$1,460$862$494$277$43
43 years$2,299$1,391$809$456$252$37
44 years$2,222$1,326$759$421$228$32
45 years$2,148$1,265$713$389$207$27
46 years$2,078$1,206$670$359$188$24
47 years$2,010$1,151$629$332$171$20
48 years$1,946$1,099$591$307$155$17
49 years$1,885$1,049$556$284$141$15
50 years$1,826$1,002$523$262$128$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,870,000, adding $2,779 every year, while hoping to spend $54,266 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: 35/41/24 Blend
56$1,870,000$1,870,000$1,870,000$1,870,000
57$2,063,607$1,964,497$1,935,512$2,120,745
58$2,216,356$2,003,018$1,942,613$2,201,858
59$2,382,867$2,041,609$1,948,133$2,284,164
60$2,564,486$2,080,214$1,951,962$2,371,887
61$2,762,695$2,118,776$1,953,984$2,465,547
62$2,979,125$2,157,231$1,954,078$2,565,714
63$3,215,572$2,195,512$1,952,116$2,673,020
64$3,474,013$2,233,545$1,947,964$2,788,164
65$3,756,624$2,271,250$1,941,482$2,911,916
66$4,065,801$2,308,543$1,932,524$3,045,128
67$4,404,184$2,345,333$1,920,935$3,188,739
68$4,774,678$2,381,521$1,906,553$3,343,788
69$5,180,481$2,417,002$1,889,209$3,511,423
70$5,625,119$2,451,664$1,868,726$3,692,910
71$6,112,470$2,485,385$1,844,917$3,889,648
72$6,646,810$2,518,036$1,817,590$4,103,181
73$7,232,844$2,549,480$1,786,539$4,335,216
74$7,875,758$2,579,568$1,751,552$4,587,635
75$8,581,262$2,608,143$1,712,405$4,862,518
76$9,355,646$2,635,038$1,668,866$5,162,162
77$10,205,839$2,660,071$1,620,690$5,489,101
78$11,139,472$2,683,052$1,567,621$5,846,134
79$12,164,954$2,703,778$1,509,392$6,236,349
80$13,291,547$2,722,031$1,445,724$6,663,157
81$14,529,454$2,737,579$1,376,325$7,130,321
82$15,889,916$2,750,178$1,300,890$7,641,995
83$17,385,316$2,759,566$1,219,098$8,202,766
84$19,029,298$2,765,465$1,130,618$8,817,692
85$20,836,893$2,767,579$1,035,100$9,492,358
86$22,824,661$2,765,594$932,180$10,232,927
87$25,010,846$2,759,178$821,478$11,046,197
88$27,415,552$2,747,977$702,597$11,939,673
89$30,060,925$2,731,616$575,122$12,921,632
90$32,971,371$2,709,696$438,619$14,001,209
91$36,173,774$2,681,795$292,637$15,188,480
92$39,697,762$2,647,466$136,703$16,494,562
93$43,575,976$2,606,234$0$17,931,720
94$47,844,382$2,557,596$0$19,521,091
95$52,542,611$2,501,020$0$21,307,842
96$57,714,330$2,435,942$0$23,273,529
97$63,407,654$2,361,765$0$25,436,452
98$69,675,600$2,277,857$0$27,816,788
99$76,576,588$2,183,550$0$30,436,780
100$84,174,990$2,078,134$0$33,320,950