Can I retire at age 57 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$155,249$153,866$152,517$151,200$149,914$146,707
2 years$76,856$75,424$74,037$72,692$71,388$68,172
3 years$50,728$49,291$47,907$46,575$45,291$42,168
4 years$37,667$36,234$34,864$33,554$32,302$29,295
5 years$29,832$28,408$27,056$25,773$24,556$21,673
6 years$24,611$23,197$21,865$20,611$19,430$16,675
7 years$20,883$19,481$18,170$16,945$15,802$13,175
8 years$18,088$16,699$15,410$14,215$13,109$10,609
9 years$15,915$14,539$13,272$12,108$11,040$8,666
10 years$14,178$12,816$11,571$10,437$9,406$7,155
11 years$12,758$11,409$10,187$9,084$8,090$5,959
12 years$11,575$10,240$9,041$7,967$7,010$4,997
13 years$10,575$9,254$8,077$7,034$6,113$4,213
14 years$9,719$8,412$7,257$6,244$5,359$3,568
15 years$8,977$7,684$6,553$5,569$4,718$3,033
16 years$8,329$7,050$5,941$4,986$4,170$2,587
17 years$7,758$6,493$5,406$4,480$3,697$2,211
18 years$7,250$6,000$4,935$4,037$3,288$1,895
19 years$6,797$5,560$4,518$3,648$2,930$1,627
20 years$6,390$5,167$4,146$3,304$2,617$1,398
21 years$6,021$4,813$3,814$2,999$2,342$1,204
22 years$5,687$4,493$3,515$2,726$2,100$1,038
23 years$5,382$4,202$3,245$2,483$1,885$895
24 years$5,103$3,937$3,001$2,265$1,694$773
25 years$4,847$3,695$2,780$2,068$1,524$668
26 years$4,611$3,472$2,578$1,891$1,373$578
27 years$4,392$3,268$2,394$1,731$1,238$500
28 years$4,190$3,079$2,226$1,586$1,117$432
29 years$4,002$2,905$2,071$1,454$1,009$374
30 years$3,827$2,743$1,929$1,335$911$324
31 years$3,663$2,593$1,799$1,226$824$281
32 years$3,510$2,454$1,678$1,127$745$244
33 years$3,367$2,324$1,567$1,036$675$211
34 years$3,232$2,203$1,464$953$611$183
35 years$3,105$2,089$1,369$877$553$159
36 years$2,986$1,983$1,280$808$501$138
37 years$2,873$1,883$1,198$745$454$119
38 years$2,767$1,790$1,122$686$412$104
39 years$2,666$1,702$1,051$633$373$90
40 years$2,570$1,619$985$584$339$78
41 years$2,480$1,541$924$538$307$68
42 years$2,394$1,468$867$497$279$59
43 years$2,312$1,399$813$459$253$51
44 years$2,234$1,333$764$424$230$44
45 years$2,159$1,271$717$391$209$38
46 years$2,089$1,213$673$361$189$33
47 years$2,021$1,157$633$334$172$29
48 years$1,956$1,105$594$308$156$25
49 years$1,895$1,055$559$285$142$22
50 years$1,836$1,008$525$264$129$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,880,000, adding $2,009 every year, while hoping to spend $49,229 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: 78/10/12 Blend
56$1,880,000$1,880,000$1,880,000$1,880,000
57$2,073,832$1,974,192$1,945,052$2,230,718
58$2,232,984$2,018,548$1,957,832$2,378,574
59$2,406,719$2,063,428$1,969,390$2,534,197
60$2,596,473$2,108,805$1,979,634$2,703,483
61$2,803,827$2,154,650$1,988,465$2,887,776
62$3,030,520$2,200,930$1,995,781$3,088,554
63$3,278,467$2,247,610$2,001,474$3,307,448
64$3,549,779$2,294,651$2,005,432$3,546,253
65$3,846,777$2,342,009$2,007,534$3,806,945
66$4,172,019$2,389,638$2,007,657$4,091,703
67$4,528,320$2,437,487$2,005,669$4,402,925
68$4,918,784$2,485,498$2,001,434$4,743,256
69$5,346,825$2,533,612$1,994,807$5,115,607
70$5,816,205$2,581,764$1,985,637$5,523,187
71$6,331,068$2,629,880$1,973,766$5,969,530
72$6,895,978$2,677,885$1,959,028$6,458,530
73$7,515,961$2,725,696$1,941,250$6,994,479
74$8,196,556$2,773,221$1,920,248$7,582,104
75$8,943,861$2,820,366$1,895,833$8,226,615
76$9,764,596$2,867,025$1,867,804$8,933,752
77$10,666,163$2,913,086$1,835,953$9,709,839
78$11,656,715$2,958,431$1,800,061$10,561,846
79$12,745,235$3,002,929$1,759,899$11,497,453
80$13,941,620$3,046,444$1,715,226$12,525,122
81$15,256,771$3,088,826$1,665,792$13,654,177
82$16,702,701$3,129,917$1,611,336$14,894,896
83$18,292,642$3,169,549$1,551,581$16,258,600
84$20,041,175$3,207,541$1,486,243$17,757,768
85$21,964,363$3,243,698$1,415,020$19,406,150
86$24,079,904$3,277,815$1,337,599$21,218,899
87$26,407,299$3,309,672$1,253,653$23,212,712
88$28,968,031$3,339,035$1,162,838$25,405,992
89$31,785,775$3,365,652$1,064,798$27,819,015
90$34,886,614$3,389,258$959,158$30,474,129
91$38,299,286$3,409,570$845,528$33,395,958
92$42,055,460$3,426,285$723,500$36,611,640
93$46,190,027$3,439,084$592,647$40,151,082
94$50,741,435$3,447,624$452,526$44,047,241
95$55,752,048$3,451,544$302,672$48,336,435
96$61,268,544$3,450,457$142,599$53,058,688
97$67,342,362$3,443,956$0$58,258,109
98$74,030,179$3,431,605$0$63,986,919
99$81,394,448$3,412,945$0$70,314,790
100$89,503,988$3,387,486$0$77,282,547