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%15.6%
1 years$156,900$155,503$154,139$152,808$151,509$148,026
2 years$77,673$76,227$74,825$73,465$72,147$68,658
3 years$51,268$49,815$48,417$47,070$45,773$42,386
4 years$38,068$36,619$35,235$33,911$32,646$29,387
5 years$30,150$28,710$27,344$26,047$24,817$21,695
6 years$24,873$23,444$22,098$20,830$19,637$16,656
7 years$21,105$19,688$18,363$17,126$15,970$13,130
8 years$18,280$16,876$15,574$14,366$13,249$10,549
9 years$16,085$14,694$13,414$12,237$11,157$8,595
10 years$14,329$12,952$11,694$10,548$9,506$7,080
11 years$12,894$11,530$10,295$9,180$8,176$5,881
12 years$11,698$10,349$9,137$8,052$7,085$4,918
13 years$10,688$9,353$8,163$7,109$6,178$4,136
14 years$9,822$8,501$7,335$6,310$5,416$3,493
15 years$9,073$7,766$6,622$5,628$4,769$2,961
16 years$8,418$7,125$6,004$5,039$4,214$2,518
17 years$7,840$6,562$5,463$4,528$3,737$2,147
18 years$7,328$6,064$4,987$4,080$3,323$1,834
19 years$6,869$5,620$4,566$3,687$2,962$1,570
20 years$6,457$5,222$4,190$3,339$2,645$1,346
21 years$6,085$4,864$3,854$3,031$2,367$1,155
22 years$5,747$4,540$3,552$2,755$2,122$992
23 years$5,439$4,247$3,280$2,509$1,905$853
24 years$5,157$3,979$3,033$2,289$1,712$735
25 years$4,898$3,734$2,809$2,090$1,541$633
26 years$4,660$3,509$2,606$1,911$1,388$545
27 years$4,439$3,303$2,420$1,749$1,251$470
28 years$4,235$3,112$2,249$1,603$1,129$406
29 years$4,045$2,936$2,093$1,470$1,019$350
30 years$3,868$2,773$1,950$1,349$921$302
31 years$3,702$2,621$1,818$1,239$833$261
32 years$3,548$2,480$1,696$1,139$753$225
33 years$3,403$2,349$1,583$1,047$682$195
34 years$3,266$2,226$1,479$963$617$168
35 years$3,138$2,111$1,383$887$559$145
36 years$3,018$2,004$1,294$817$507$126
37 years$2,904$1,903$1,211$752$459$109
38 years$2,796$1,809$1,134$694$416$94
39 years$2,694$1,720$1,063$640$377$81
40 years$2,598$1,636$996$590$342$70
41 years$2,506$1,558$934$544$311$61
42 years$2,419$1,484$876$502$282$53
43 years$2,336$1,414$822$464$256$45
44 years$2,257$1,347$772$428$232$39
45 years$2,182$1,285$725$395$211$34
46 years$2,111$1,226$681$365$191$29
47 years$2,043$1,170$639$337$174$25
48 years$1,977$1,117$601$312$158$22
49 years$1,915$1,066$565$288$143$19
50 years$1,855$1,019$531$266$130$16

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 $5,111 every year, while hoping to spend $28,411 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: 68/27/5 Blend
56$1,900,000$1,900,000$1,900,000$1,900,000
57$2,099,072$1,998,372$1,968,922$2,240,259
58$2,282,948$2,066,063$2,004,652$2,402,059
59$2,484,628$2,136,119$2,040,626$2,574,970
60$2,705,896$2,208,625$2,076,824$2,763,269
61$2,948,721$2,283,671$2,113,221$2,968,454
62$3,215,269$2,361,349$2,149,792$3,192,173
63$3,507,926$2,441,756$2,186,510$3,436,241
64$3,829,323$2,524,990$2,223,347$3,702,654
65$4,182,356$2,611,156$2,260,270$3,993,612
66$4,570,214$2,700,361$2,297,248$4,311,534
67$4,996,414$2,792,717$2,334,243$4,659,083
68$5,464,827$2,888,339$2,371,219$5,039,193
69$5,979,720$2,987,348$2,408,136$5,455,093
70$6,545,793$3,089,869$2,444,950$5,910,338
71$7,168,224$3,196,033$2,481,615$6,408,842
72$7,852,717$3,305,973$2,518,084$6,954,917
73$8,605,559$3,419,831$2,554,305$7,553,310
74$9,433,675$3,537,751$2,590,222$8,209,249
75$10,344,694$3,659,885$2,625,779$8,928,492
76$11,347,024$3,786,390$2,660,914$9,717,380
77$12,449,927$3,917,431$2,695,562$10,582,896
78$13,663,610$4,053,175$2,729,654$11,532,735
79$14,999,319$4,193,801$2,763,117$12,575,369
80$16,469,443$4,339,490$2,795,875$13,720,132
81$18,087,635$4,490,435$2,827,846$14,977,304
82$19,868,941$4,646,833$2,858,946$16,358,210
83$21,829,935$4,808,890$2,889,082$17,875,326
84$23,988,882$4,976,820$2,918,161$19,542,395
85$26,365,910$5,150,845$2,946,081$21,374,556
86$28,983,194$5,331,198$2,972,736$23,388,488
87$31,865,173$5,518,120$2,998,015$25,602,567
88$35,038,772$5,711,859$3,021,801$28,037,034
89$38,533,664$5,912,678$3,043,968$30,714,194
90$42,382,545$6,120,846$3,064,388$33,658,615
91$46,621,442$6,336,645$3,082,923$36,897,371
92$51,290,058$6,560,369$3,099,429$40,460,286
93$56,432,138$6,792,322$3,113,755$44,380,222
94$62,095,892$7,032,821$3,125,741$48,693,386
95$68,334,440$7,282,197$3,135,221$53,439,670
96$75,206,320$7,540,792$3,142,018$58,663,028
97$82,776,038$7,808,963$3,145,948$64,411,890
98$91,114,675$8,087,084$3,146,819$70,739,617
99$100,300,561$8,375,540$3,144,426$77,705,005
100$110,420,011$8,674,734$3,138,557$85,372,840