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%12.4%
1 years$156,074$154,684$153,328$152,004$150,711$149,199
2 years$77,265$75,826$74,431$73,079$71,767$70,245
3 years$50,998$49,553$48,162$46,822$45,532$44,046
4 years$37,867$36,427$35,049$33,733$32,474$31,035
5 years$29,991$28,559$27,200$25,910$24,686$23,300
6 years$24,742$23,320$21,981$20,720$19,533$18,200
7 years$20,994$19,585$18,267$17,035$15,886$14,607
8 years$18,184$16,788$15,492$14,291$13,179$11,954
9 years$16,000$14,617$13,343$12,172$11,098$9,928
10 years$14,254$12,884$11,633$10,493$9,456$8,339
11 years$12,826$11,470$10,241$9,132$8,133$7,068
12 years$11,637$10,295$9,089$8,010$7,048$6,034
13 years$10,632$9,303$8,120$7,071$6,146$5,182
14 years$9,771$8,456$7,296$6,277$5,387$4,472
15 years$9,025$7,725$6,587$5,598$4,743$3,875
16 years$8,373$7,088$5,972$5,013$4,192$3,370
17 years$7,799$6,527$5,435$4,504$3,717$2,939
18 years$7,289$6,032$4,961$4,059$3,305$2,570
19 years$6,833$5,590$4,542$3,667$2,946$2,252
20 years$6,424$5,195$4,168$3,322$2,631$1,977
21 years$6,053$4,839$3,834$3,015$2,355$1,738
22 years$5,717$4,517$3,534$2,741$2,111$1,531
23 years$5,411$4,224$3,263$2,496$1,895$1,349
24 years$5,130$3,958$3,017$2,277$1,703$1,191
25 years$4,873$3,714$2,795$2,079$1,532$1,052
26 years$4,635$3,491$2,592$1,901$1,380$930
27 years$4,416$3,285$2,407$1,740$1,245$823
28 years$4,212$3,096$2,237$1,594$1,123$729
29 years$4,023$2,920$2,082$1,462$1,014$645
30 years$3,847$2,758$1,939$1,342$916$572
31 years$3,683$2,607$1,808$1,232$828$507
32 years$3,529$2,467$1,687$1,133$749$450
33 years$3,385$2,336$1,575$1,041$678$399
34 years$3,249$2,214$1,472$958$614$354
35 years$3,122$2,100$1,376$882$556$315
36 years$3,002$1,993$1,287$812$504$279
37 years$2,888$1,893$1,205$749$457$248
38 years$2,781$1,799$1,128$690$414$220
39 years$2,680$1,711$1,057$636$375$196
40 years$2,584$1,628$991$587$341$174
41 years$2,493$1,550$929$541$309$155
42 years$2,406$1,476$871$500$280$137
43 years$2,324$1,406$818$461$254$122
44 years$2,246$1,340$768$426$231$109
45 years$2,171$1,278$721$393$210$97
46 years$2,100$1,219$677$363$190$86
47 years$2,032$1,164$636$336$173$76
48 years$1,967$1,111$598$310$157$68
49 years$1,905$1,061$562$287$143$60
50 years$1,845$1,013$528$265$129$54

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 $3,606 every year, while hoping to spend $35,769 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: 46/31/23 Blend
56$1,890,000$1,890,000$1,890,000$1,890,000
57$2,086,500$1,986,330$1,957,035$2,168,560
58$2,261,265$2,045,602$1,984,537$2,285,881
59$2,452,657$2,106,580$2,011,763$2,409,286
60$2,662,334$2,169,309$2,038,663$2,542,456
61$2,892,124$2,233,836$2,065,190$2,686,318
62$3,144,036$2,300,209$2,091,289$2,841,897
63$3,420,286$2,368,478$2,116,905$3,010,318
64$3,723,313$2,438,691$2,141,980$3,192,820
65$4,055,805$2,510,901$2,166,450$3,390,766
66$4,420,722$2,585,160$2,190,251$3,605,660
67$4,821,324$2,661,522$2,213,313$3,839,154
68$5,261,203$2,740,040$2,235,563$4,093,070
69$5,744,314$2,820,771$2,256,923$4,369,413
70$6,275,017$2,903,771$2,277,312$4,670,392
71$6,858,112$2,989,099$2,296,646$4,998,440
72$7,498,888$3,076,814$2,314,832$5,356,235
73$8,203,174$3,166,976$2,331,778$5,746,728
74$8,977,387$3,259,648$2,347,382$6,173,170
75$9,828,601$3,354,891$2,361,539$6,639,142
76$10,764,607$3,452,770$2,374,140$7,148,589
77$11,793,991$3,553,350$2,385,068$7,705,856
78$12,926,212$3,656,697$2,394,201$8,315,731
79$14,171,689$3,762,879$2,401,411$8,983,487
80$15,541,906$3,871,965$2,406,563$9,714,936
81$17,049,513$3,984,024$2,409,515$10,516,480
82$18,708,450$4,099,127$2,410,120$11,395,173
83$20,534,075$4,217,347$2,408,222$12,358,788
84$22,543,310$4,338,757$2,403,657$13,415,887
85$24,754,802$4,463,430$2,396,254$14,575,907
86$27,189,097$4,591,443$2,385,834$15,849,245
87$29,868,832$4,722,872$2,372,207$17,247,356
88$32,818,955$4,857,794$2,355,177$18,782,865
89$36,066,949$4,996,287$2,334,537$20,469,681
90$39,643,104$5,138,431$2,310,070$22,323,132
91$43,580,792$5,284,306$2,281,549$24,360,108
92$47,916,789$5,433,993$2,248,737$26,599,222
93$52,691,616$5,587,573$2,211,384$29,060,981
94$57,949,925$5,745,129$2,169,230$31,767,986
95$63,740,921$5,906,744$2,122,002$34,745,143
96$70,118,822$6,072,501$2,069,416$38,019,894
97$77,143,372$6,242,484$2,011,173$41,622,484
98$84,880,409$6,416,778$1,946,959$45,586,238
99$93,402,478$6,595,468$1,876,450$49,947,882
100$102,789,523$6,778,638$1,799,303$54,747,888