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%17.8%
1 years$154,423$153,047$151,705$150,395$149,116$144,401
2 years$76,447$75,023$73,643$72,306$71,008$66,300
3 years$50,458$49,028$47,652$46,327$45,050$40,497
4 years$37,467$36,041$34,679$33,376$32,130$27,767
5 years$29,674$28,257$26,912$25,636$24,425$20,264
6 years$24,480$23,074$21,749$20,501$19,327$15,371
7 years$20,772$19,377$18,073$16,855$15,718$11,967
8 years$17,992$16,610$15,328$14,139$13,039$9,491
9 years$15,831$14,462$13,202$12,044$10,981$7,631
10 years$14,103$12,747$11,510$10,382$9,356$6,200
11 years$12,690$11,348$10,133$9,035$8,047$5,078
12 years$11,514$10,186$8,993$7,925$6,973$4,186
13 years$10,519$9,205$8,034$6,997$6,081$3,468
14 years$9,667$8,367$7,219$6,211$5,330$2,885
15 years$8,930$7,643$6,518$5,539$4,693$2,408
16 years$8,285$7,013$5,909$4,960$4,148$2,016
17 years$7,716$6,458$5,377$4,456$3,678$1,691
18 years$7,212$5,968$4,909$4,016$3,270$1,422
19 years$6,761$5,531$4,494$3,629$2,915$1,197
20 years$6,356$5,140$4,124$3,286$2,604$1,009
21 years$5,989$4,787$3,793$2,983$2,330$851
22 years$5,657$4,469$3,496$2,712$2,088$719
23 years$5,354$4,180$3,228$2,470$1,875$608
24 years$5,076$3,916$2,985$2,253$1,685$514
25 years$4,821$3,675$2,765$2,057$1,516$435
26 years$4,586$3,454$2,564$1,881$1,366$368
27 years$4,369$3,251$2,381$1,722$1,231$312
28 years$4,168$3,063$2,214$1,577$1,111$264
29 years$3,981$2,890$2,060$1,447$1,003$224
30 years$3,807$2,729$1,919$1,328$907$190
31 years$3,644$2,580$1,789$1,219$820$161
32 years$3,492$2,441$1,669$1,121$741$137
33 years$3,349$2,312$1,558$1,030$671$116
34 years$3,215$2,191$1,456$948$607$98
35 years$3,089$2,078$1,361$873$550$83
36 years$2,970$1,972$1,274$804$499$71
37 years$2,858$1,873$1,192$741$452$60
38 years$2,752$1,780$1,116$683$410$51
39 years$2,652$1,693$1,046$629$371$43
40 years$2,557$1,611$980$581$337$37
41 years$2,466$1,533$919$536$306$31
42 years$2,381$1,460$862$494$277$26
43 years$2,299$1,391$809$456$252$22
44 years$2,222$1,326$759$421$228$19
45 years$2,148$1,265$713$389$207$16
46 years$2,078$1,206$670$359$188$14
47 years$2,010$1,151$629$332$171$12
48 years$1,946$1,099$591$307$155$10
49 years$1,885$1,049$556$284$141$8
50 years$1,826$1,002$523$262$128$7

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 $6,783 every year, while hoping to spend $44,441 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: 29/48/23 Blend
56$1,870,000$1,870,000$1,870,000$1,870,000
57$2,067,737$1,968,627$1,939,642$2,112,687
58$2,231,361$2,017,804$1,957,335$2,197,247
59$2,410,185$2,067,903$1,974,131$2,283,704
60$2,605,714$2,118,919$1,989,954$2,375,733
61$2,819,601$2,170,851$2,004,722$2,473,843
62$3,053,670$2,223,692$2,018,350$2,578,592
63$3,309,928$2,277,436$2,030,748$2,690,598
64$3,590,585$2,332,075$2,041,822$2,810,540
65$3,898,074$2,387,597$2,051,473$2,939,167
66$4,235,077$2,443,989$2,059,597$3,077,305
67$4,604,546$2,501,235$2,066,084$3,225,862
68$5,009,731$2,559,317$2,070,820$3,385,842
69$5,454,214$2,618,214$2,073,683$3,558,350
70$5,941,939$2,677,902$2,074,546$3,744,604
71$6,477,252$2,738,353$2,073,278$3,945,947
72$7,064,937$2,799,538$2,069,738$4,163,861
73$7,710,266$2,861,421$2,063,780$4,399,979
74$8,419,047$2,923,965$2,055,251$4,656,100
75$9,197,678$2,987,127$2,043,990$4,934,210
76$10,053,205$3,050,860$2,029,828$5,236,497
77$10,993,393$3,115,113$2,012,588$5,565,376
78$12,026,795$3,179,830$1,992,086$5,923,506
79$13,162,835$3,244,948$1,968,127$6,313,823
80$14,411,894$3,310,400$1,940,509$6,739,563
81$15,785,410$3,376,113$1,909,019$7,204,292
82$17,295,985$3,442,005$1,873,434$7,711,946
83$18,957,503$3,507,991$1,833,522$8,266,863
84$20,785,262$3,573,977$1,789,039$8,873,826
85$22,796,116$3,639,859$1,739,729$9,538,109
86$25,008,637$3,705,528$1,685,326$10,265,530
87$27,443,284$3,770,866$1,625,551$11,062,501
88$30,122,605$3,835,744$1,560,113$11,936,093
89$33,071,439$3,900,024$1,488,706$12,894,103
90$36,317,159$3,963,559$1,411,010$13,945,130
91$39,889,924$4,026,188$1,326,694$15,098,651
92$43,822,967$4,087,741$1,235,408$16,365,119
93$48,152,904$4,148,035$1,136,789$17,756,057
94$52,920,084$4,206,873$1,030,455$19,284,171
95$58,168,968$4,264,045$916,011$20,963,469
96$63,948,545$4,319,326$793,040$22,809,395
97$70,312,799$4,372,475$661,109$24,838,979
98$77,321,215$4,423,236$519,766$27,070,994
99$85,039,338$4,471,335$368,538$29,526,136
100$93,539,399$4,516,478$206,932$32,227,224