Can I retire at age 57 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$156,900$155,503$154,139$152,808$151,509$145,785
2 years$77,673$76,227$74,825$73,465$72,147$66,447
3 years$51,268$49,815$48,417$47,070$45,773$40,276
4 years$38,068$36,619$35,235$33,911$32,646$27,394
5 years$30,150$28,710$27,344$26,047$24,817$19,823
6 years$24,873$23,444$22,098$20,830$19,637$14,905
7 years$21,105$19,688$18,363$17,126$15,970$11,499
8 years$18,280$16,876$15,574$14,366$13,249$9,034
9 years$16,085$14,694$13,414$12,237$11,157$7,193
10 years$14,329$12,952$11,694$10,548$9,506$5,785
11 years$12,894$11,530$10,295$9,180$8,176$4,689
12 years$11,698$10,349$9,137$8,052$7,085$3,824
13 years$10,688$9,353$8,163$7,109$6,178$3,134
14 years$9,822$8,501$7,335$6,310$5,416$2,578
15 years$9,073$7,766$6,622$5,628$4,769$2,128
16 years$8,418$7,125$6,004$5,039$4,214$1,761
17 years$7,840$6,562$5,463$4,528$3,737$1,460
18 years$7,328$6,064$4,987$4,080$3,323$1,212
19 years$6,869$5,620$4,566$3,687$2,962$1,008
20 years$6,457$5,222$4,190$3,339$2,645$840
21 years$6,085$4,864$3,854$3,031$2,367$700
22 years$5,747$4,540$3,552$2,755$2,122$584
23 years$5,439$4,247$3,280$2,509$1,905$487
24 years$5,157$3,979$3,033$2,289$1,712$407
25 years$4,898$3,734$2,809$2,090$1,541$340
26 years$4,660$3,509$2,606$1,911$1,388$284
27 years$4,439$3,303$2,420$1,749$1,251$238
28 years$4,235$3,112$2,249$1,603$1,129$199
29 years$4,045$2,936$2,093$1,470$1,019$166
30 years$3,868$2,773$1,950$1,349$921$139
31 years$3,702$2,621$1,818$1,239$833$116
32 years$3,548$2,480$1,696$1,139$753$97
33 years$3,403$2,349$1,583$1,047$682$82
34 years$3,266$2,226$1,479$963$617$68
35 years$3,138$2,111$1,383$887$559$57
36 years$3,018$2,004$1,294$817$507$48
37 years$2,904$1,903$1,211$752$459$40
38 years$2,796$1,809$1,134$694$416$34
39 years$2,694$1,720$1,063$640$377$28
40 years$2,598$1,636$996$590$342$24
41 years$2,506$1,558$934$544$311$20
42 years$2,419$1,484$876$502$282$17
43 years$2,336$1,414$822$464$256$14
44 years$2,257$1,347$772$428$232$12
45 years$2,182$1,285$725$395$211$10
46 years$2,111$1,226$681$365$191$8
47 years$2,043$1,170$639$337$174$7
48 years$1,977$1,117$601$312$158$6
49 years$1,915$1,066$565$288$143$5
50 years$1,855$1,019$531$266$130$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,900,000, adding $2,550 every year, while hoping to spend $26,272 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: 78/12/10 Blend
56$1,900,000$1,900,000$1,900,000$1,900,000
57$2,096,430$1,995,730$1,966,280$2,256,212
58$2,282,313$2,065,568$2,004,198$2,431,414
59$2,486,275$2,137,947$2,042,504$2,619,880
60$2,710,133$2,212,964$2,081,186$2,825,822
61$2,955,888$2,290,721$2,120,227$3,050,968
62$3,225,743$2,371,321$2,159,610$3,297,227
63$3,522,127$2,454,874$2,199,314$3,566,696
64$3,847,714$2,541,492$2,239,321$3,861,687
65$4,205,450$2,631,294$2,279,607$4,184,745
66$4,598,581$2,724,403$2,320,149$4,538,672
67$5,030,682$2,820,945$2,360,921$4,926,556
68$5,505,695$2,921,054$2,401,894$5,351,797
69$6,027,957$3,024,867$2,443,040$5,818,140
70$6,602,252$3,132,529$2,484,325$6,329,711
71$7,233,848$3,244,189$2,525,715$6,891,052
72$7,928,548$3,360,002$2,567,175$7,507,169
73$8,692,749$3,480,131$2,608,664$8,183,576
74$9,533,496$3,604,744$2,650,141$8,926,345
75$10,458,553$3,734,017$2,691,561$9,742,169
76$11,476,474$3,868,132$2,732,877$10,638,418
77$12,596,684$4,007,280$2,774,038$11,623,213
78$13,829,568$4,151,659$2,814,990$12,705,498
79$15,186,569$4,301,476$2,855,678$13,895,131
80$16,680,295$4,456,944$2,896,039$15,202,970
81$18,324,639$4,618,289$2,936,011$16,640,979
82$20,134,910$4,785,742$2,975,524$18,222,337
83$22,127,974$4,959,547$3,014,508$19,961,568
84$24,322,419$5,139,957$3,052,886$21,874,671
85$26,738,725$5,327,234$3,090,577$23,979,276
86$29,399,461$5,521,654$3,127,497$26,294,808
87$32,329,493$5,723,502$3,163,555$28,842,667
88$35,556,223$5,933,076$3,198,656$31,646,437
89$39,109,848$6,150,687$3,232,701$34,732,100
90$43,023,639$6,376,657$3,265,583$38,128,287
91$47,334,262$6,611,325$3,297,192$41,866,543
92$52,082,117$6,855,041$3,327,409$45,981,629
93$57,311,727$7,108,171$3,356,110$50,511,847
94$63,072,149$7,371,098$3,383,166$55,499,401
95$69,417,446$7,644,219$3,408,440$60,990,795
96$76,407,188$7,927,948$3,431,785$67,037,273
97$84,107,023$8,222,720$3,453,052$73,695,301
98$92,589,290$8,528,983$3,472,079$81,027,099
99$101,933,703$8,847,209$3,488,700$89,101,229
100$112,228,106$9,177,888$3,502,737$97,993,242