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%15.5%
1 years$157,726$156,321$154,950$153,612$152,306$148,866
2 years$78,082$76,628$75,219$73,852$72,527$69,079
3 years$51,538$50,077$48,671$47,318$46,014$42,667
4 years$38,268$36,812$35,420$34,090$32,818$29,597
5 years$30,308$28,861$27,488$26,184$24,947$21,862
6 years$25,004$23,567$22,214$20,940$19,740$16,793
7 years$21,216$19,792$18,460$17,216$16,054$13,246
8 years$18,377$16,965$15,656$14,442$13,318$10,648
9 years$16,169$14,771$13,484$12,301$11,216$8,681
10 years$14,405$13,020$11,756$10,604$9,557$7,155
11 years$12,962$11,591$10,350$9,228$8,219$5,947
12 years$11,760$10,404$9,185$8,095$7,122$4,977
13 years$10,744$9,402$8,206$7,146$6,211$4,188
14 years$9,874$8,546$7,373$6,344$5,444$3,540
15 years$9,121$7,807$6,657$5,657$4,794$3,003
16 years$8,462$7,163$6,036$5,066$4,237$2,555
17 years$7,882$6,597$5,492$4,551$3,756$2,180
18 years$7,366$6,095$5,014$4,102$3,340$1,864
19 years$6,906$5,649$4,590$3,706$2,977$1,596
20 years$6,491$5,250$4,212$3,357$2,659$1,369
21 years$6,117$4,890$3,874$3,046$2,380$1,176
22 years$5,778$4,564$3,571$2,770$2,133$1,011
23 years$5,468$4,269$3,297$2,523$1,915$871
24 years$5,185$4,000$3,049$2,301$1,721$750
25 years$4,924$3,754$2,824$2,101$1,549$647
26 years$4,684$3,528$2,619$1,921$1,395$558
27 years$4,463$3,320$2,432$1,759$1,258$481
28 years$4,257$3,128$2,261$1,611$1,135$416
29 years$4,066$2,951$2,104$1,478$1,025$359
30 years$3,888$2,787$1,960$1,356$926$310
31 years$3,722$2,635$1,827$1,245$837$268
32 years$3,566$2,493$1,705$1,145$757$232
33 years$3,421$2,361$1,592$1,052$685$200
34 years$3,284$2,238$1,487$968$620$173
35 years$3,155$2,122$1,391$891$562$150
36 years$3,034$2,014$1,301$821$509$130
37 years$2,919$1,913$1,218$756$461$112
38 years$2,811$1,818$1,140$697$418$97
39 years$2,708$1,729$1,068$643$379$84
40 years$2,611$1,645$1,001$593$344$73
41 years$2,519$1,566$939$547$312$63
42 years$2,432$1,491$881$505$283$54
43 years$2,349$1,421$826$466$257$47
44 years$2,269$1,354$776$430$233$41
45 years$2,194$1,292$728$397$212$35
46 years$2,122$1,232$684$367$192$31
47 years$2,053$1,176$643$339$175$26
48 years$1,988$1,122$604$313$159$23
49 years$1,925$1,072$568$290$144$20
50 years$1,865$1,024$534$268$131$17

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 $5,168 every year, while hoping to spend $54,113 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: 43/33/24 Blend
56$1,910,000$1,910,000$1,910,000$1,910,000
57$2,110,151$2,008,921$1,979,316$2,185,931
58$2,267,810$2,049,782$1,988,047$2,281,232
59$2,439,738$2,090,832$1,995,257$2,378,824
60$2,627,331$2,132,023$2,000,838$2,483,487
61$2,832,128$2,173,302$2,004,676$2,595,905
62$3,055,825$2,214,613$2,006,652$2,716,833
63$3,300,286$2,255,896$2,006,642$2,847,101
64$3,567,563$2,297,083$2,004,513$2,987,627
65$3,859,919$2,338,104$2,000,128$3,139,424
66$4,179,841$2,378,882$1,993,343$3,303,609
67$4,530,071$2,419,333$1,984,006$3,481,414
68$4,913,627$2,459,369$1,971,959$3,674,200
69$5,333,833$2,498,894$1,957,035$3,883,468
70$5,794,348$2,537,804$1,939,060$4,110,872
71$6,299,205$2,575,990$1,917,852$4,358,241
72$6,852,843$2,613,332$1,893,219$4,627,589
73$7,460,152$2,649,705$1,864,961$4,921,141
74$8,126,518$2,684,971$1,832,868$5,241,351
75$8,857,876$2,718,987$1,796,722$5,590,924
76$9,660,758$2,751,597$1,756,292$5,972,847
77$10,542,366$2,782,635$1,711,337$6,390,415
78$11,510,628$2,811,925$1,661,608$6,847,263
79$12,574,280$2,839,278$1,606,840$7,347,399
80$13,742,946$2,864,492$1,546,759$7,895,246
81$15,027,228$2,887,354$1,481,077$8,495,682
82$16,438,806$2,907,634$1,409,493$9,154,089
83$17,990,546$2,925,091$1,331,693$9,876,402
84$19,696,626$2,939,465$1,247,350$10,669,168
85$21,572,665$2,950,481$1,156,118$11,539,609
86$23,635,869$2,957,847$1,057,640$12,495,687
87$25,905,198$2,961,251$951,542$13,546,188
88$28,401,540$2,960,365$837,430$14,700,797
89$31,147,910$2,954,836$714,898$15,970,198
90$34,169,667$2,944,293$583,517$17,366,173
91$37,494,750$2,928,340$442,841$18,901,715
92$41,153,945$2,906,559$292,407$20,591,150
93$45,181,171$2,878,504$131,726$22,450,279
94$49,613,805$2,843,705$0$24,496,524
95$54,493,027$2,801,661$0$26,759,273
96$59,864,217$2,751,844$0$29,286,192
97$65,777,375$2,693,692$0$32,067,010
98$72,287,596$2,626,611$0$35,127,627
99$79,455,588$2,549,973$0$38,496,594
100$87,348,248$2,463,111$0$42,205,376