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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$157,726$156,321$154,950$153,612$152,306$149,292
2 years$78,082$76,628$75,219$73,852$72,527$69,503
3 years$51,538$50,077$48,671$47,318$46,014$43,074
4 years$38,268$36,812$35,420$34,090$32,818$29,985
5 years$30,308$28,861$27,488$26,184$24,947$22,230
6 years$25,004$23,567$22,214$20,940$19,740$17,141
7 years$21,216$19,792$18,460$17,216$16,054$13,574
8 years$18,377$16,965$15,656$14,442$13,318$10,956
9 years$16,169$14,771$13,484$12,301$11,216$8,970
10 years$14,405$13,020$11,756$10,604$9,557$7,425
11 years$12,962$11,591$10,350$9,228$8,219$6,199
12 years$11,760$10,404$9,185$8,095$7,122$5,212
13 years$10,744$9,402$8,206$7,146$6,211$4,406
14 years$9,874$8,546$7,373$6,344$5,444$3,742
15 years$9,121$7,807$6,657$5,657$4,794$3,190
16 years$8,462$7,163$6,036$5,066$4,237$2,728
17 years$7,882$6,597$5,492$4,551$3,756$2,339
18 years$7,366$6,095$5,014$4,102$3,340$2,010
19 years$6,906$5,649$4,590$3,706$2,977$1,730
20 years$6,491$5,250$4,212$3,357$2,659$1,492
21 years$6,117$4,890$3,874$3,046$2,380$1,289
22 years$5,778$4,564$3,571$2,770$2,133$1,114
23 years$5,468$4,269$3,297$2,523$1,915$964
24 years$5,185$4,000$3,049$2,301$1,721$835
25 years$4,924$3,754$2,824$2,101$1,549$724
26 years$4,684$3,528$2,619$1,921$1,395$628
27 years$4,463$3,320$2,432$1,759$1,258$545
28 years$4,257$3,128$2,261$1,611$1,135$473
29 years$4,066$2,951$2,104$1,478$1,025$411
30 years$3,888$2,787$1,960$1,356$926$357
31 years$3,722$2,635$1,827$1,245$837$311
32 years$3,566$2,493$1,705$1,145$757$270
33 years$3,421$2,361$1,592$1,052$685$235
34 years$3,284$2,238$1,487$968$620$204
35 years$3,155$2,122$1,391$891$562$178
36 years$3,034$2,014$1,301$821$509$155
37 years$2,919$1,913$1,218$756$461$135
38 years$2,811$1,818$1,140$697$418$117
39 years$2,708$1,729$1,068$643$379$102
40 years$2,611$1,645$1,001$593$344$89
41 years$2,519$1,566$939$547$312$77
42 years$2,432$1,491$881$505$283$67
43 years$2,349$1,421$826$466$257$59
44 years$2,269$1,354$776$430$233$51
45 years$2,194$1,292$728$397$212$44
46 years$2,122$1,232$684$367$192$39
47 years$2,053$1,176$643$339$175$34
48 years$1,988$1,122$604$313$159$29
49 years$1,925$1,072$568$290$144$26
50 years$1,865$1,024$534$268$131$22

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 $6,667 every year, while hoping to spend $36,307 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: 59/17/24 Blend
56$1,910,000$1,910,000$1,910,000$1,910,000
57$2,111,697$2,010,467$1,980,862$2,222,316
58$2,288,460$2,070,350$2,008,591$2,358,284
59$2,482,035$2,131,949$2,036,031$2,502,028
60$2,694,101$2,195,313$2,063,136$2,658,027
61$2,926,502$2,260,486$2,089,854$2,827,478
62$3,181,272$2,327,517$2,116,131$3,011,699
63$3,460,652$2,396,455$2,141,911$3,212,139
64$3,767,107$2,467,350$2,167,134$3,430,398
65$4,103,355$2,540,253$2,191,736$3,668,235
66$4,472,388$2,615,217$2,215,650$3,927,589
67$4,877,504$2,692,294$2,238,806$4,210,595
68$5,322,332$2,771,540$2,261,129$4,519,605
69$5,810,874$2,853,009$2,282,541$4,857,212
70$6,347,535$2,936,758$2,302,958$5,226,268
71$6,937,170$3,022,846$2,322,294$5,629,921
72$7,585,127$3,111,331$2,340,456$6,071,633
73$8,297,297$3,202,273$2,357,348$6,555,223
74$9,080,170$3,295,734$2,372,869$7,084,897
75$9,940,898$3,391,775$2,386,910$7,665,288
76$10,887,359$3,490,461$2,399,361$8,301,502
77$11,928,231$3,591,856$2,410,102$8,999,166
78$13,073,080$3,696,026$2,419,009$9,764,477
79$14,332,440$3,803,037$2,425,952$10,604,266
80$15,717,921$3,912,958$2,430,793$11,526,060
81$17,242,314$4,025,857$2,433,389$12,538,151
82$18,919,711$4,141,806$2,433,589$13,649,678
83$20,765,641$4,260,874$2,431,234$14,870,711
84$22,797,214$4,383,134$2,426,158$16,212,344
85$25,033,282$4,508,660$2,418,186$17,686,807
86$27,494,617$4,637,525$2,407,136$19,307,573
87$30,204,109$4,769,805$2,392,816$21,089,490
88$33,186,978$4,905,575$2,375,025$23,048,920
89$36,471,014$5,044,912$2,353,553$25,203,893
90$40,086,839$5,187,894$2,328,179$27,574,278
91$44,068,196$5,334,600$2,298,671$30,181,970
92$48,452,264$5,485,108$2,264,789$33,051,099
93$53,280,015$5,639,498$2,226,279$36,208,254
94$58,596,593$5,797,850$2,182,876$39,682,735
95$64,451,745$5,960,244$2,134,303$43,506,835
96$70,900,290$6,126,763$2,080,268$47,716,135
97$78,002,631$6,297,486$2,020,470$52,349,851
98$85,825,333$6,472,496$1,954,589$57,451,196
99$94,441,743$6,651,875$1,882,293$63,067,792
100$103,932,687$6,835,703$1,803,236$69,252,119