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%15.8%
1 years$155,249$153,866$152,517$151,200$149,914$146,349
2 years$76,856$75,424$74,037$72,692$71,388$67,817
3 years$50,728$49,291$47,907$46,575$45,291$41,826
4 years$37,667$36,234$34,864$33,554$32,302$28,970
5 years$29,832$28,408$27,056$25,773$24,556$21,365
6 years$24,611$23,197$21,865$20,611$19,430$16,384
7 years$20,883$19,481$18,170$16,945$15,802$12,901
8 years$18,088$16,699$15,410$14,215$13,109$10,353
9 years$15,915$14,539$13,272$12,108$11,040$8,426
10 years$14,178$12,816$11,571$10,437$9,406$6,931
11 years$12,758$11,409$10,187$9,084$8,090$5,751
12 years$11,575$10,240$9,041$7,967$7,010$4,803
13 years$10,575$9,254$8,077$7,034$6,113$4,033
14 years$9,719$8,412$7,257$6,244$5,359$3,402
15 years$8,977$7,684$6,553$5,569$4,718$2,880
16 years$8,329$7,050$5,941$4,986$4,170$2,446
17 years$7,758$6,493$5,406$4,480$3,697$2,082
18 years$7,250$6,000$4,935$4,037$3,288$1,776
19 years$6,797$5,560$4,518$3,648$2,930$1,518
20 years$6,390$5,167$4,146$3,304$2,617$1,299
21 years$6,021$4,813$3,814$2,999$2,342$1,113
22 years$5,687$4,493$3,515$2,726$2,100$955
23 years$5,382$4,202$3,245$2,483$1,885$820
24 years$5,103$3,937$3,001$2,265$1,694$705
25 years$4,847$3,695$2,780$2,068$1,524$606
26 years$4,611$3,472$2,578$1,891$1,373$522
27 years$4,392$3,268$2,394$1,731$1,238$449
28 years$4,190$3,079$2,226$1,586$1,117$387
29 years$4,002$2,905$2,071$1,454$1,009$333
30 years$3,827$2,743$1,929$1,335$911$287
31 years$3,663$2,593$1,799$1,226$824$248
32 years$3,510$2,454$1,678$1,127$745$213
33 years$3,367$2,324$1,567$1,036$675$184
34 years$3,232$2,203$1,464$953$611$159
35 years$3,105$2,089$1,369$877$553$137
36 years$2,986$1,983$1,280$808$501$118
37 years$2,873$1,883$1,198$745$454$102
38 years$2,767$1,790$1,122$686$412$88
39 years$2,666$1,702$1,051$633$373$76
40 years$2,570$1,619$985$584$339$66
41 years$2,480$1,541$924$538$307$57
42 years$2,394$1,468$867$497$279$49
43 years$2,312$1,399$813$459$253$42
44 years$2,234$1,333$764$424$230$36
45 years$2,159$1,271$717$391$209$31
46 years$2,089$1,213$673$361$189$27
47 years$2,021$1,157$633$334$172$23
48 years$1,956$1,105$594$308$156$20
49 years$1,895$1,055$559$285$142$17
50 years$1,836$1,008$525$264$129$15

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 $5,140 every year, while hoping to spend $49,771 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: 51/41/8 Blend
56$1,880,000$1,880,000$1,880,000$1,880,000
57$2,077,062$1,977,422$1,948,282$2,178,507
58$2,235,966$2,021,360$1,960,593$2,292,087
59$2,409,411$2,065,782$1,971,649$2,409,711
60$2,598,826$2,110,661$1,981,355$2,536,399
61$2,805,787$2,155,964$1,989,611$2,673,014
62$3,032,026$2,201,655$1,996,312$2,820,508
63$3,279,454$2,247,698$2,001,350$2,979,928
64$3,550,172$2,294,048$2,004,608$3,152,426
65$3,846,494$2,340,661$2,005,967$3,339,275
66$4,170,967$2,387,484$2,005,298$3,541,874
67$4,526,400$2,434,465$2,002,469$3,761,766
68$4,915,881$2,481,542$1,997,340$4,000,650
69$5,342,814$2,528,651$1,989,765$4,260,401
70$5,810,949$2,575,722$1,979,589$4,543,081
71$6,324,413$2,622,680$1,966,653$4,850,965
72$6,887,753$2,669,442$1,950,786$5,186,560
73$7,505,980$2,715,920$1,931,813$5,552,630
74$8,184,609$2,762,020$1,909,548$5,952,218
75$8,929,719$2,807,638$1,883,798$6,388,680
76$9,748,003$2,852,666$1,854,358$6,865,716
77$10,646,838$2,896,984$1,821,017$7,387,401
78$11,634,346$2,940,468$1,783,552$7,958,229
79$12,719,479$2,982,980$1,741,730$8,583,154
80$13,912,095$3,024,375$1,695,308$9,267,633
81$15,223,058$3,064,499$1,644,030$10,017,685
82$16,664,336$3,103,185$1,587,631$10,839,941
83$18,249,112$3,140,255$1,525,830$11,741,714
84$19,991,913$3,175,519$1,458,337$12,731,060
85$21,908,744$3,208,775$1,384,847$13,816,864
86$24,017,237$3,239,807$1,305,041$15,008,915
87$26,336,822$3,268,384$1,218,587$16,318,008
88$28,888,904$3,294,261$1,125,135$17,756,039
89$31,697,068$3,317,176$1,024,324$19,336,120
90$34,787,303$3,336,851$915,772$21,072,707
91$38,188,241$3,352,990$799,084$22,981,733
92$41,931,433$3,365,278$673,844$25,080,758
93$46,051,642$3,373,380$539,621$27,389,143
94$50,587,173$3,376,939$395,962$29,928,225
95$55,580,234$3,375,578$242,396$32,721,524
96$61,077,332$3,368,895$78,430$35,794,965
97$67,129,713$3,356,464$0$39,177,124
98$73,793,845$3,337,833$0$42,907,741
99$81,131,952$3,312,521$0$47,020,972
100$89,212,596$3,280,019$0$51,548,430