Can I retire at age 57 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$157,726$156,321$154,950$153,612$152,306$148,383
2 years$78,082$76,628$75,219$73,852$72,527$68,601
3 years$51,538$50,077$48,671$47,318$46,014$42,207
4 years$38,268$36,812$35,420$34,090$32,818$29,160
5 years$30,308$28,861$27,488$26,184$24,947$21,449
6 years$25,004$23,567$22,214$20,940$19,740$16,404
7 years$21,216$19,792$18,460$17,216$16,054$12,880
8 years$18,377$16,965$15,656$14,442$13,318$10,306
9 years$16,169$14,771$13,484$12,301$11,216$8,362
10 years$14,405$13,020$11,756$10,604$9,557$6,858
11 years$12,962$11,591$10,350$9,228$8,219$5,671
12 years$11,760$10,404$9,185$8,095$7,122$4,721
13 years$10,744$9,402$8,206$7,146$6,211$3,951
14 years$9,874$8,546$7,373$6,344$5,444$3,322
15 years$9,121$7,807$6,657$5,657$4,794$2,802
16 years$8,462$7,163$6,036$5,066$4,237$2,371
17 years$7,882$6,597$5,492$4,551$3,756$2,011
18 years$7,366$6,095$5,014$4,102$3,340$1,709
19 years$6,906$5,649$4,590$3,706$2,977$1,455
20 years$6,491$5,250$4,212$3,357$2,659$1,241
21 years$6,117$4,890$3,874$3,046$2,380$1,059
22 years$5,778$4,564$3,571$2,770$2,133$905
23 years$5,468$4,269$3,297$2,523$1,915$774
24 years$5,185$4,000$3,049$2,301$1,721$663
25 years$4,924$3,754$2,824$2,101$1,549$568
26 years$4,684$3,528$2,619$1,921$1,395$487
27 years$4,463$3,320$2,432$1,759$1,258$417
28 years$4,257$3,128$2,261$1,611$1,135$358
29 years$4,066$2,951$2,104$1,478$1,025$307
30 years$3,888$2,787$1,960$1,356$926$264
31 years$3,722$2,635$1,827$1,245$837$226
32 years$3,566$2,493$1,705$1,145$757$194
33 years$3,421$2,361$1,592$1,052$685$167
34 years$3,284$2,238$1,487$968$620$143
35 years$3,155$2,122$1,391$891$562$123
36 years$3,034$2,014$1,301$821$509$106
37 years$2,919$1,913$1,218$756$461$91
38 years$2,811$1,818$1,140$697$418$78
39 years$2,708$1,729$1,068$643$379$67
40 years$2,611$1,645$1,001$593$344$58
41 years$2,519$1,566$939$547$312$50
42 years$2,432$1,491$881$505$283$43
43 years$2,349$1,421$826$466$257$37
44 years$2,269$1,354$776$430$233$32
45 years$2,194$1,292$728$397$212$27
46 years$2,122$1,232$684$367$192$23
47 years$2,053$1,176$643$339$175$20
48 years$1,988$1,122$604$313$159$17
49 years$1,925$1,072$568$290$144$15
50 years$1,865$1,024$534$268$131$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,910,000, adding $4,644 every year, while hoping to spend $40,408 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: 51/38/11 Blend
56$1,910,000$1,910,000$1,910,000$1,910,000
57$2,109,610$2,008,380$1,978,775$2,210,825
58$2,281,797$2,063,797$2,002,070$2,335,887
59$2,470,192$2,120,575$2,024,792$2,467,086
60$2,676,406$2,178,738$2,046,877$2,608,782
61$2,902,214$2,238,310$2,068,262$2,761,975
62$3,149,567$2,299,315$2,088,876$2,927,764
63$3,420,618$2,361,776$2,108,648$3,107,360
64$3,717,733$2,425,716$2,127,500$3,302,093
65$4,043,524$2,491,158$2,145,353$3,513,431
66$4,400,862$2,558,123$2,162,122$3,742,988
67$4,792,914$2,626,635$2,177,716$3,992,540
68$5,223,164$2,696,713$2,192,042$4,264,046
69$5,695,453$2,768,378$2,205,002$4,559,659
70$6,214,010$2,841,650$2,216,491$4,881,754
71$6,783,495$2,916,547$2,226,399$5,232,945
72$7,409,041$2,993,087$2,234,613$5,616,109
73$8,096,302$3,071,287$2,241,012$6,034,418
74$8,851,508$3,151,163$2,245,468$6,491,365
75$9,681,519$3,232,727$2,247,849$6,990,798
76$10,593,897$3,315,994$2,248,015$7,536,954
77$11,596,972$3,400,975$2,245,820$8,134,503
78$12,699,918$3,487,678$2,241,110$8,788,588
79$13,912,846$3,576,111$2,233,724$9,504,877
80$15,246,896$3,666,279$2,223,494$10,289,613
81$16,714,339$3,758,187$2,210,240$11,149,674
82$18,328,698$3,851,834$2,193,780$12,092,639
83$20,104,870$3,947,219$2,173,916$13,126,860
84$22,059,272$4,044,338$2,150,447$14,261,536
85$24,209,988$4,143,181$2,123,158$15,506,806
86$26,576,950$4,243,740$2,091,827$16,873,841
87$29,182,113$4,345,998$2,056,218$18,374,949
88$32,049,675$4,449,937$2,016,087$20,023,694
89$35,206,294$4,555,536$1,971,178$21,835,020
90$38,681,345$4,662,767$1,921,222$23,825,397
91$42,507,199$4,771,599$1,865,939$26,012,972
92$46,719,520$4,881,995$1,805,035$28,417,744
93$51,357,611$4,993,912$1,738,204$31,061,747
94$56,464,777$5,107,304$1,665,124$33,969,267
95$62,088,738$5,222,116$1,585,459$37,167,062
96$68,282,077$5,338,286$1,498,859$40,684,622
97$75,102,735$5,455,748$1,404,957$44,554,443
98$82,614,560$5,574,427$1,303,369$48,812,335
99$90,887,909$5,694,237$1,193,696$53,497,762
100$100,000,310$5,815,089$1,075,519$58,654,211