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%15.8%
1 years$154,423$153,047$151,705$150,395$149,116$145,571
2 years$76,447$75,023$73,643$72,306$71,008$67,456
3 years$50,458$49,028$47,652$46,327$45,050$41,604
4 years$37,467$36,041$34,679$33,376$32,130$28,816
5 years$29,674$28,257$26,912$25,636$24,425$21,251
6 years$24,480$23,074$21,749$20,501$19,327$16,297
7 years$20,772$19,377$18,073$16,855$15,718$12,833
8 years$17,992$16,610$15,328$14,139$13,039$10,298
9 years$15,831$14,462$13,202$12,044$10,981$8,381
10 years$14,103$12,747$11,510$10,382$9,356$6,895
11 years$12,690$11,348$10,133$9,035$8,047$5,720
12 years$11,514$10,186$8,993$7,925$6,973$4,777
13 years$10,519$9,205$8,034$6,997$6,081$4,012
14 years$9,667$8,367$7,219$6,211$5,330$3,384
15 years$8,930$7,643$6,518$5,539$4,693$2,865
16 years$8,285$7,013$5,909$4,960$4,148$2,433
17 years$7,716$6,458$5,377$4,456$3,678$2,071
18 years$7,212$5,968$4,909$4,016$3,270$1,766
19 years$6,761$5,531$4,494$3,629$2,915$1,510
20 years$6,356$5,140$4,124$3,286$2,604$1,292
21 years$5,989$4,787$3,793$2,983$2,330$1,107
22 years$5,657$4,469$3,496$2,712$2,088$950
23 years$5,354$4,180$3,228$2,470$1,875$816
24 years$5,076$3,916$2,985$2,253$1,685$701
25 years$4,821$3,675$2,765$2,057$1,516$603
26 years$4,586$3,454$2,564$1,881$1,366$519
27 years$4,369$3,251$2,381$1,722$1,231$447
28 years$4,168$3,063$2,214$1,577$1,111$385
29 years$3,981$2,890$2,060$1,447$1,003$331
30 years$3,807$2,729$1,919$1,328$907$286
31 years$3,644$2,580$1,789$1,219$820$246
32 years$3,492$2,441$1,669$1,121$741$212
33 years$3,349$2,312$1,558$1,030$671$183
34 years$3,215$2,191$1,456$948$607$158
35 years$3,089$2,078$1,361$873$550$136
36 years$2,970$1,972$1,274$804$499$118
37 years$2,858$1,873$1,192$741$452$101
38 years$2,752$1,780$1,116$683$410$88
39 years$2,652$1,693$1,046$629$371$76
40 years$2,557$1,611$980$581$337$65
41 years$2,466$1,533$919$536$306$56
42 years$2,381$1,460$862$494$277$49
43 years$2,299$1,391$809$456$252$42
44 years$2,222$1,326$759$421$228$36
45 years$2,148$1,265$713$389$207$31
46 years$2,078$1,206$670$359$188$27
47 years$2,010$1,151$629$332$171$23
48 years$1,946$1,099$591$307$155$20
49 years$1,885$1,049$556$284$141$17
50 years$1,826$1,002$523$262$128$15

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 $5,091 every year, while hoping to spend $31,834 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: 49/36/15 Blend
56$1,870,000$1,870,000$1,870,000$1,870,000
57$2,065,991$1,966,881$1,937,896$2,158,408
58$2,242,851$2,029,387$1,968,945$2,285,169
59$2,436,684$2,093,889$1,999,966$2,419,080
60$2,649,187$2,160,451$2,030,927$2,563,843
61$2,882,231$2,229,140$2,061,789$2,720,488
62$3,137,873$2,300,023$2,092,514$2,890,147
63$3,418,384$2,373,171$2,123,060$3,074,064
64$3,726,260$2,448,658$2,153,384$3,273,609
65$4,064,255$2,526,558$2,183,439$3,490,291
66$4,435,400$2,606,950$2,213,175$3,725,767
67$4,843,034$2,689,914$2,242,539$3,981,863
68$5,290,836$2,775,533$2,271,477$4,260,589
69$5,782,859$2,863,892$2,299,930$4,564,156
70$6,323,568$2,955,079$2,327,834$4,894,999
71$6,917,881$3,049,187$2,355,126$5,255,798
72$7,571,217$3,146,310$2,381,735$5,649,505
73$8,289,546$3,246,545$2,407,589$6,079,369
74$9,079,447$3,349,992$2,432,609$6,548,967
75$9,948,164$3,456,755$2,456,715$7,062,240
76$10,903,683$3,566,942$2,479,822$7,623,525
77$11,954,800$3,680,664$2,501,837$8,237,602
78$13,111,208$3,798,035$2,522,667$8,909,732
79$14,383,586$3,919,173$2,542,211$9,645,711
80$15,783,700$4,044,201$2,560,363$10,451,922
81$17,324,514$4,173,243$2,577,012$11,335,397
82$19,020,314$4,306,432$2,592,042$12,303,881
83$20,886,840$4,443,901$2,605,329$13,365,904
84$22,941,435$4,585,789$2,616,745$14,530,865
85$25,203,208$4,732,240$2,626,153$15,809,116
86$27,693,218$4,883,403$2,633,411$17,212,060
87$30,434,666$5,039,429$2,638,371$18,752,263
88$33,453,119$5,200,478$2,640,873$20,443,564
89$36,776,749$5,366,713$2,640,754$22,301,213
90$40,436,599$5,538,304$2,637,841$24,342,009
91$44,466,875$5,715,423$2,631,951$26,584,461
92$48,905,269$5,898,253$2,622,895$29,048,961
93$53,793,318$6,086,978$2,610,473$31,757,977
94$59,176,789$6,281,792$2,594,476$34,736,262
95$65,106,114$6,482,894$2,574,685$38,011,092
96$71,636,870$6,690,487$2,550,869$41,612,517
97$78,830,296$6,904,786$2,522,788$45,573,650
98$86,753,875$7,126,010$2,490,190$49,930,973
99$95,481,970$7,354,384$2,452,811$54,724,686
100$105,096,525$7,590,143$2,410,374$59,999,083