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%15.3%
1 years$156,900$155,503$154,139$152,808$151,509$148,207
2 years$77,673$76,227$74,825$73,465$72,147$68,838
3 years$51,268$49,815$48,417$47,070$45,773$42,559
4 years$38,068$36,619$35,235$33,911$32,646$29,552
5 years$30,150$28,710$27,344$26,047$24,817$21,851
6 years$24,873$23,444$22,098$20,830$19,637$16,803
7 years$21,105$19,688$18,363$17,126$15,970$13,269
8 years$18,280$16,876$15,574$14,366$13,249$10,679
9 years$16,085$14,694$13,414$12,237$11,157$8,717
10 years$14,329$12,952$11,694$10,548$9,506$7,193
11 years$12,894$11,530$10,295$9,180$8,176$5,987
12 years$11,698$10,349$9,137$8,052$7,085$5,017
13 years$10,688$9,353$8,163$7,109$6,178$4,227
14 years$9,822$8,501$7,335$6,310$5,416$3,577
15 years$9,073$7,766$6,622$5,628$4,769$3,039
16 years$8,418$7,125$6,004$5,039$4,214$2,590
17 years$7,840$6,562$5,463$4,528$3,737$2,213
18 years$7,328$6,064$4,987$4,080$3,323$1,894
19 years$6,869$5,620$4,566$3,687$2,962$1,625
20 years$6,457$5,222$4,190$3,339$2,645$1,396
21 years$6,085$4,864$3,854$3,031$2,367$1,201
22 years$5,747$4,540$3,552$2,755$2,122$1,034
23 years$5,439$4,247$3,280$2,509$1,905$892
24 years$5,157$3,979$3,033$2,289$1,712$769
25 years$4,898$3,734$2,809$2,090$1,541$664
26 years$4,660$3,509$2,606$1,911$1,388$574
27 years$4,439$3,303$2,420$1,749$1,251$496
28 years$4,235$3,112$2,249$1,603$1,129$429
29 years$4,045$2,936$2,093$1,470$1,019$371
30 years$3,868$2,773$1,950$1,349$921$321
31 years$3,702$2,621$1,818$1,239$833$278
32 years$3,548$2,480$1,696$1,139$753$241
33 years$3,403$2,349$1,583$1,047$682$209
34 years$3,266$2,226$1,479$963$617$181
35 years$3,138$2,111$1,383$887$559$157
36 years$3,018$2,004$1,294$817$507$136
37 years$2,904$1,903$1,211$752$459$118
38 years$2,796$1,809$1,134$694$416$102
39 years$2,694$1,720$1,063$640$377$88
40 years$2,598$1,636$996$590$342$77
41 years$2,506$1,558$934$544$311$66
42 years$2,419$1,484$876$502$282$58
43 years$2,336$1,414$822$464$256$50
44 years$2,257$1,347$772$428$232$43
45 years$2,182$1,285$725$395$211$37
46 years$2,111$1,226$681$365$191$33
47 years$2,043$1,170$639$337$174$28
48 years$1,977$1,117$601$312$158$24
49 years$1,915$1,066$565$288$143$21
50 years$1,855$1,019$531$266$130$18

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 $2,225 every year, while hoping to spend $36,246 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: 38/34/28 Blend
56$1,900,000$1,900,000$1,900,000$1,900,000
57$2,096,095$1,995,395$1,965,945$2,158,195
58$2,271,331$2,054,604$1,993,239$2,263,240
59$2,463,227$2,115,499$2,020,232$2,373,207
60$2,673,443$2,178,125$2,046,876$2,491,365
61$2,903,808$2,242,528$2,073,121$2,618,481
62$3,156,337$2,308,752$2,098,911$2,755,399
63$3,433,249$2,376,847$2,124,190$2,903,050
64$3,736,987$2,446,859$2,148,898$3,062,456
65$4,070,244$2,518,839$2,172,969$3,234,743
66$4,435,983$2,592,837$2,196,338$3,421,153
67$4,837,471$2,668,903$2,218,933$3,623,049
68$5,278,304$2,747,091$2,240,679$3,841,935
69$5,762,446$2,827,453$2,261,497$4,079,468
70$6,294,262$2,910,045$2,281,303$4,337,471
71$6,878,560$2,994,920$2,300,010$4,617,951
72$7,520,639$3,082,137$2,317,526$4,923,121
73$8,226,335$3,171,752$2,333,754$5,255,418
74$9,002,077$3,263,824$2,348,590$5,617,525
75$9,854,949$3,358,412$2,361,929$6,012,399
76$10,792,756$3,455,576$2,373,656$6,443,296
77$11,824,097$3,555,379$2,383,652$6,913,806
78$12,958,444$3,657,882$2,391,794$7,427,882
79$14,206,236$3,763,149$2,397,950$7,989,880
80$15,578,973$3,871,243$2,401,982$8,604,598
81$17,089,325$3,982,231$2,403,745$9,277,324
82$18,751,254$4,096,179$2,403,088$10,013,884
83$20,580,142$4,213,152$2,399,853$10,820,699
84$22,592,940$4,333,219$2,393,871$11,704,841
85$24,808,322$4,456,449$2,384,967$12,674,105
86$27,246,866$4,582,911$2,372,959$13,737,081
87$29,931,247$4,712,674$2,357,654$14,903,232
88$32,886,448$4,845,809$2,338,849$16,182,988
89$36,140,000$4,982,388$2,316,335$17,587,842
90$39,722,237$5,122,481$2,289,889$19,130,458
91$43,666,584$5,266,162$2,259,279$20,824,793
92$48,009,875$5,413,503$2,224,264$22,686,226
93$52,792,694$5,564,576$2,184,589$24,731,706
94$58,059,763$5,719,455$2,139,987$26,979,909
95$63,860,363$5,878,213$2,090,181$29,451,419
96$70,248,798$6,040,923$2,034,880$32,168,917
97$77,284,905$6,207,658$1,973,778$35,157,399
98$85,034,623$6,378,491$1,906,557$38,444,411
99$93,570,612$6,553,495$1,832,884$42,060,312
100$102,972,939$6,732,741$1,752,411$46,038,553