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

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$156,074$154,684$153,328$152,004$150,711$145,596
2 years$77,265$75,826$74,431$73,079$71,767$66,665
3 years$50,998$49,553$48,162$46,822$45,532$40,603
4 years$37,867$36,427$35,049$33,733$32,474$27,755
5 years$29,991$28,559$27,200$25,910$24,686$20,191
6 years$24,742$23,320$21,981$20,720$19,533$15,265
7 years$20,994$19,585$18,267$17,035$15,886$11,844
8 years$18,184$16,788$15,492$14,291$13,179$9,360
9 years$16,000$14,617$13,343$12,172$11,098$7,499
10 years$14,254$12,884$11,633$10,493$9,456$6,069
11 years$12,826$11,470$10,241$9,132$8,133$4,952
12 years$11,637$10,295$9,089$8,010$7,048$4,065
13 years$10,632$9,303$8,120$7,071$6,146$3,355
14 years$9,771$8,456$7,296$6,277$5,387$2,779
15 years$9,025$7,725$6,587$5,598$4,743$2,310
16 years$8,373$7,088$5,972$5,013$4,192$1,925
17 years$7,799$6,527$5,435$4,504$3,717$1,608
18 years$7,289$6,032$4,961$4,059$3,305$1,346
19 years$6,833$5,590$4,542$3,667$2,946$1,128
20 years$6,424$5,195$4,168$3,322$2,631$946
21 years$6,053$4,839$3,834$3,015$2,355$795
22 years$5,717$4,517$3,534$2,741$2,111$668
23 years$5,411$4,224$3,263$2,496$1,895$562
24 years$5,130$3,958$3,017$2,277$1,703$473
25 years$4,873$3,714$2,795$2,079$1,532$399
26 years$4,635$3,491$2,592$1,901$1,380$336
27 years$4,416$3,285$2,407$1,740$1,245$283
28 years$4,212$3,096$2,237$1,594$1,123$239
29 years$4,023$2,920$2,082$1,462$1,014$201
30 years$3,847$2,758$1,939$1,342$916$170
31 years$3,683$2,607$1,808$1,232$828$143
32 years$3,529$2,467$1,687$1,133$749$121
33 years$3,385$2,336$1,575$1,041$678$102
34 years$3,249$2,214$1,472$958$614$86
35 years$3,122$2,100$1,376$882$556$73
36 years$3,002$1,993$1,287$812$504$61
37 years$2,888$1,893$1,205$749$457$52
38 years$2,781$1,799$1,128$690$414$44
39 years$2,680$1,711$1,057$636$375$37
40 years$2,584$1,628$991$587$341$31
41 years$2,493$1,550$929$541$309$26
42 years$2,406$1,476$871$500$280$22
43 years$2,324$1,406$818$461$254$19
44 years$2,246$1,340$768$426$231$16
45 years$2,171$1,278$721$393$210$13
46 years$2,100$1,219$677$363$190$11
47 years$2,032$1,164$636$336$173$10
48 years$1,967$1,111$598$310$157$8
49 years$1,905$1,061$562$287$143$7
50 years$1,845$1,013$528$265$129$6

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 $2,648 every year, while hoping to spend $39,462 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: 62/27/11 Blend
56$1,890,000$1,890,000$1,890,000$1,890,000
57$2,085,511$1,985,341$1,956,046$2,209,367
58$2,256,246$2,040,636$1,979,587$2,347,942
59$2,443,074$2,097,317$2,002,593$2,494,365
60$2,647,593$2,155,412$2,025,006$2,653,212
61$2,871,566$2,214,945$2,046,762$2,825,688
62$3,116,933$2,275,945$2,067,796$3,013,116
63$3,385,830$2,338,436$2,088,037$3,216,958
64$3,680,610$2,402,445$2,107,411$3,438,819
65$4,003,864$2,467,997$2,125,842$3,680,469
66$4,358,447$2,535,117$2,143,246$3,943,855
67$4,747,503$2,603,832$2,159,539$4,231,124
68$5,174,494$2,674,165$2,174,629$4,544,637
69$5,643,234$2,746,141$2,188,421$4,886,997
70$6,157,926$2,819,784$2,200,815$5,261,071
71$6,723,197$2,895,116$2,211,705$5,670,015
72$7,344,146$2,972,160$2,220,980$6,117,307
73$8,026,390$3,050,937$2,228,525$6,606,777
74$8,776,118$3,131,469$2,234,216$7,142,645
75$9,600,145$3,213,774$2,237,925$7,729,561
76$10,505,982$3,297,871$2,239,518$8,372,645
77$11,501,903$3,383,778$2,238,853$9,077,539
78$12,597,024$3,471,510$2,235,781$9,850,459
79$13,801,388$3,561,081$2,230,147$10,698,255
80$15,126,060$3,652,505$2,221,788$11,628,471
81$16,583,233$3,745,792$2,210,532$12,649,421
82$18,186,337$3,840,950$2,196,200$13,770,265
83$19,950,174$3,937,988$2,178,603$15,001,096
84$21,891,051$4,036,908$2,157,545$16,353,034
85$24,026,935$4,137,713$2,132,819$17,838,332
86$26,377,623$4,240,402$2,104,210$19,470,494
87$28,964,930$4,344,971$2,071,490$21,264,395
88$31,812,891$4,451,413$2,034,423$23,236,430
89$34,947,990$4,559,716$1,992,761$25,404,663
90$38,399,410$4,669,868$1,946,243$27,788,998
91$42,199,307$4,781,848$1,894,600$30,411,371
92$46,383,113$4,895,636$1,837,545$33,295,951
93$50,989,871$5,011,202$1,774,783$36,469,373
94$56,062,602$5,128,515$1,706,003$39,960,987
95$61,648,712$5,247,536$1,630,878$43,803,135
96$67,800,438$5,368,224$1,549,071$48,031,456
97$74,575,343$5,490,527$1,460,224$52,685,226
98$82,036,855$5,614,389$1,363,969$57,807,723
99$90,254,868$5,739,748$1,259,915$63,446,641
100$99,306,401$5,866,532$1,147,659$69,654,536