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%14.8%
1 years$155,249$153,866$152,517$151,200$149,914$146,947
2 years$76,856$75,424$74,037$72,692$71,388$68,411
3 years$50,728$49,291$47,907$46,575$45,291$42,398
4 years$37,667$36,234$34,864$33,554$32,302$29,514
5 years$29,832$28,408$27,056$25,773$24,556$21,881
6 years$24,611$23,197$21,865$20,611$19,430$16,872
7 years$20,883$19,481$18,170$16,945$15,802$13,360
8 years$18,088$16,699$15,410$14,215$13,109$10,784
9 years$15,915$14,539$13,272$12,108$11,040$8,829
10 years$14,178$12,816$11,571$10,437$9,406$7,308
11 years$12,758$11,409$10,187$9,084$8,090$6,102
12 years$11,575$10,240$9,041$7,967$7,010$5,130
13 years$10,575$9,254$8,077$7,034$6,113$4,337
14 years$9,719$8,412$7,257$6,244$5,359$3,683
15 years$8,977$7,684$6,553$5,569$4,718$3,139
16 years$8,329$7,050$5,941$4,986$4,170$2,685
17 years$7,758$6,493$5,406$4,480$3,697$2,302
18 years$7,250$6,000$4,935$4,037$3,288$1,978
19 years$6,797$5,560$4,518$3,648$2,930$1,703
20 years$6,390$5,167$4,146$3,304$2,617$1,469
21 years$6,021$4,813$3,814$2,999$2,342$1,268
22 years$5,687$4,493$3,515$2,726$2,100$1,097
23 years$5,382$4,202$3,245$2,483$1,885$949
24 years$5,103$3,937$3,001$2,265$1,694$822
25 years$4,847$3,695$2,780$2,068$1,524$713
26 years$4,611$3,472$2,578$1,891$1,373$618
27 years$4,392$3,268$2,394$1,731$1,238$537
28 years$4,190$3,079$2,226$1,586$1,117$466
29 years$4,002$2,905$2,071$1,454$1,009$405
30 years$3,827$2,743$1,929$1,335$911$352
31 years$3,663$2,593$1,799$1,226$824$306
32 years$3,510$2,454$1,678$1,127$745$266
33 years$3,367$2,324$1,567$1,036$675$231
34 years$3,232$2,203$1,464$953$611$201
35 years$3,105$2,089$1,369$877$553$175
36 years$2,986$1,983$1,280$808$501$152
37 years$2,873$1,883$1,198$745$454$132
38 years$2,767$1,790$1,122$686$412$115
39 years$2,666$1,702$1,051$633$373$100
40 years$2,570$1,619$985$584$339$87
41 years$2,480$1,541$924$538$307$76
42 years$2,394$1,468$867$497$279$66
43 years$2,312$1,399$813$459$253$58
44 years$2,234$1,333$764$424$230$50
45 years$2,159$1,271$717$391$209$44
46 years$2,089$1,213$673$361$189$38
47 years$2,021$1,157$633$334$172$33
48 years$1,956$1,105$594$308$156$29
49 years$1,895$1,055$559$285$142$25
50 years$1,836$1,008$525$264$129$22

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 $2,951 every year, while hoping to spend $23,442 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: 59/11/30 Blend
56$1,880,000$1,880,000$1,880,000$1,880,000
57$2,074,804$1,975,164$1,946,024$2,180,045
58$2,261,492$2,047,005$1,986,274$2,324,311
59$2,466,436$2,121,580$2,027,086$2,478,880
60$2,691,475$2,199,000$2,068,455$2,647,017
61$2,938,631$2,279,376$2,110,374$2,830,048
62$3,210,135$2,362,829$2,152,835$3,029,434
63$3,508,443$2,449,482$2,195,829$3,246,784
64$3,836,260$2,539,463$2,239,346$3,483,870
65$4,196,569$2,632,907$2,283,375$3,742,640
66$4,592,653$2,729,954$2,327,902$4,025,244
67$5,028,131$2,830,749$2,372,914$4,334,046
68$5,506,989$2,935,444$2,418,395$4,671,650
69$6,033,619$3,044,198$2,464,328$5,040,926
70$6,612,860$3,157,176$2,510,695$5,445,034
71$7,250,044$3,274,549$2,557,476$5,887,452
72$7,951,045$3,396,499$2,604,648$6,372,015
73$8,722,335$3,523,211$2,652,187$6,902,945
74$9,571,045$3,654,880$2,700,067$7,484,893
75$10,505,034$3,791,711$2,748,262$8,122,983
76$11,532,958$3,933,916$2,796,739$8,822,858
77$12,664,358$4,081,716$2,845,467$9,590,738
78$13,909,743$4,235,341$2,894,412$10,433,473
79$15,280,698$4,395,033$2,943,535$11,358,608
80$16,789,982$4,561,043$2,992,797$12,374,458
81$18,451,660$4,733,633$3,042,155$13,490,183
82$20,281,225$4,913,077$3,091,563$14,715,876
83$22,295,751$5,099,660$3,140,972$16,062,655
84$24,514,054$5,293,679$3,190,331$17,542,772
85$26,956,864$5,495,445$3,239,583$19,169,723
86$29,647,025$5,705,283$3,288,670$20,958,382
87$32,609,710$5,923,531$3,337,529$22,925,134
88$35,872,657$6,150,541$3,386,093$25,088,036
89$39,466,434$6,386,683$3,434,293$27,466,981
90$43,424,720$6,632,341$3,482,052$30,083,889
91$47,784,632$6,887,916$3,529,291$32,962,914
92$52,587,069$7,153,828$3,575,927$36,130,671
93$57,877,099$7,430,515$3,621,869$39,616,485
94$63,704,386$7,718,433$3,667,025$43,452,669
95$70,123,657$8,018,059$3,711,293$47,674,831
96$77,195,218$8,329,892$3,754,569$52,322,206
97$84,985,525$8,654,451$3,796,742$57,438,028
98$93,567,809$8,992,281$3,837,695$63,069,936
99$103,022,771$9,343,947$3,877,302$69,270,427
100$113,439,336$9,710,043$3,915,434$76,097,348