Can I retire at age 57 with 1,890,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$156,074$154,684$153,328$152,004$150,711$148,459
2 years$77,265$75,826$74,431$73,079$71,767$69,503
3 years$50,998$49,553$48,162$46,822$45,532$43,327
4 years$37,867$36,427$35,049$33,733$32,474$30,344
5 years$29,991$28,559$27,200$25,910$24,686$22,638
6 years$24,742$23,320$21,981$20,720$19,533$17,570
7 years$20,994$19,585$18,267$17,035$15,886$14,007
8 years$18,184$16,788$15,492$14,291$13,179$11,385
9 years$16,000$14,617$13,343$12,172$11,098$9,388
10 years$14,254$12,884$11,633$10,493$9,456$7,828
11 years$12,826$11,470$10,241$9,132$8,133$6,585
12 years$11,637$10,295$9,089$8,010$7,048$5,579
13 years$10,632$9,303$8,120$7,071$6,146$4,754
14 years$9,771$8,456$7,296$6,277$5,387$4,070
15 years$9,025$7,725$6,587$5,598$4,743$3,498
16 years$8,373$7,088$5,972$5,013$4,192$3,017
17 years$7,799$6,527$5,435$4,504$3,717$2,609
18 years$7,289$6,032$4,961$4,059$3,305$2,262
19 years$6,833$5,590$4,542$3,667$2,946$1,965
20 years$6,424$5,195$4,168$3,322$2,631$1,710
21 years$6,053$4,839$3,834$3,015$2,355$1,490
22 years$5,717$4,517$3,534$2,741$2,111$1,300
23 years$5,411$4,224$3,263$2,496$1,895$1,136
24 years$5,130$3,958$3,017$2,277$1,703$993
25 years$4,873$3,714$2,795$2,079$1,532$869
26 years$4,635$3,491$2,592$1,901$1,380$761
27 years$4,416$3,285$2,407$1,740$1,245$667
28 years$4,212$3,096$2,237$1,594$1,123$585
29 years$4,023$2,920$2,082$1,462$1,014$513
30 years$3,847$2,758$1,939$1,342$916$450
31 years$3,683$2,607$1,808$1,232$828$395
32 years$3,529$2,467$1,687$1,133$749$347
33 years$3,385$2,336$1,575$1,041$678$305
34 years$3,249$2,214$1,472$958$614$268
35 years$3,122$2,100$1,376$882$556$235
36 years$3,002$1,993$1,287$812$504$207
37 years$2,888$1,893$1,205$749$457$182
38 years$2,781$1,799$1,128$690$414$160
39 years$2,680$1,711$1,057$636$375$141
40 years$2,584$1,628$991$587$341$124
41 years$2,493$1,550$929$541$309$109
42 years$2,406$1,476$871$500$280$96
43 years$2,324$1,406$818$461$254$84
44 years$2,246$1,340$768$426$231$74
45 years$2,171$1,278$721$393$210$65
46 years$2,100$1,219$677$363$190$57
47 years$2,032$1,164$636$336$173$51
48 years$1,967$1,111$598$310$157$44
49 years$1,905$1,061$562$287$143$39
50 years$1,845$1,013$528$265$129$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,890,000, adding $3,020 every year, while hoping to spend $44,866 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: 37/33/30 Blend
56$1,890,000$1,890,000$1,890,000$1,890,000
57$2,085,895$1,985,725$1,956,430$2,144,293
58$2,250,919$2,035,289$1,974,233$2,237,510
59$2,431,272$2,085,777$1,991,129$2,333,860
60$2,628,470$2,137,188$2,007,040$2,437,094
61$2,844,182$2,189,519$2,021,884$2,547,869
62$3,080,247$2,242,763$2,035,575$2,666,904
63$3,338,687$2,296,914$2,048,023$2,794,994
64$3,621,733$2,351,962$2,059,131$2,933,015
65$3,931,838$2,407,896$2,068,800$3,081,934
66$4,271,706$2,464,703$2,076,925$3,242,815
67$4,644,313$2,522,367$2,083,395$3,416,832
68$5,052,937$2,580,867$2,088,093$3,605,280
69$5,501,191$2,640,184$2,090,899$3,809,586
70$5,993,052$2,700,293$2,091,683$4,031,324
71$6,532,901$2,761,165$2,090,312$4,272,228
72$7,125,564$2,822,769$2,086,645$4,534,213
73$7,776,358$2,885,071$2,080,534$4,819,388
74$8,491,138$2,948,030$2,071,823$5,130,080
75$9,276,355$3,011,605$2,060,351$5,468,853
76$10,139,117$3,075,748$2,045,946$5,838,537
77$11,087,253$3,140,406$2,028,431$6,242,250
78$12,129,388$3,205,521$2,007,619$6,683,432
79$13,275,025$3,271,030$1,983,314$7,165,874
80$14,534,633$3,336,866$1,955,310$7,693,758
81$15,919,745$3,402,952$1,923,392$8,271,696
82$17,443,071$3,469,208$1,887,337$8,904,770
83$19,118,610$3,535,545$1,846,909$9,598,585
84$20,961,789$3,601,868$1,801,861$10,359,324
85$22,989,604$3,668,072$1,751,936$11,193,799
86$25,220,782$3,734,047$1,696,865$12,109,526
87$27,675,957$3,799,670$1,636,365$13,114,787
88$30,377,864$3,864,813$1,570,142$14,218,717
89$33,351,552$3,929,335$1,497,888$15,431,386
90$36,624,623$3,993,085$1,419,281$16,763,896
91$40,227,492$4,055,903$1,333,983$18,228,488
92$44,193,668$4,117,614$1,241,643$19,838,656
93$48,560,077$4,178,033$1,141,894$21,609,280
94$53,367,408$4,236,960$1,034,351$23,556,761
95$58,660,494$4,294,181$918,612$25,699,181
96$64,488,738$4,349,469$794,259$28,056,476
97$70,906,576$4,402,580$660,853$30,650,620
98$77,973,993$4,453,253$517,938$33,505,842
99$85,757,088$4,501,209$365,036$36,648,847
100$94,328,695$4,546,153$201,649$40,109,077