Can I retire at age 57 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$158,552$157,140$155,762$154,417$153,103$147,730
2 years$78,491$77,029$75,612$74,239$72,906$67,549
3 years$51,808$50,339$48,926$47,566$46,255$41,082
4 years$38,468$37,005$35,606$34,268$32,989$28,041
5 years$30,467$29,012$27,632$26,321$25,078$20,366
6 years$25,135$23,691$22,330$21,049$19,843$15,372
7 years$21,327$19,895$18,557$17,306$16,138$11,907
8 years$18,473$17,054$15,738$14,517$13,388$9,393
9 years$16,254$14,849$13,555$12,366$11,275$7,511
10 years$14,480$13,088$11,817$10,659$9,607$6,068
11 years$13,029$11,652$10,404$9,277$8,262$4,941
12 years$11,822$10,458$9,233$8,137$7,160$4,049
13 years$10,800$9,451$8,249$7,184$6,243$3,334
14 years$9,926$8,591$7,412$6,377$5,473$2,756
15 years$9,168$7,848$6,692$5,687$4,819$2,286
16 years$8,506$7,200$6,067$5,092$4,259$1,901
17 years$7,923$6,631$5,521$4,575$3,776$1,584
18 years$7,405$6,127$5,040$4,123$3,358$1,323
19 years$6,942$5,679$4,614$3,726$2,993$1,106
20 years$6,525$5,277$4,234$3,374$2,673$926
21 years$6,149$4,915$3,895$3,062$2,392$776
22 years$5,808$4,588$3,590$2,784$2,144$651
23 years$5,497$4,291$3,314$2,536$1,925$546
24 years$5,212$4,021$3,065$2,313$1,730$459
25 years$4,950$3,773$2,839$2,112$1,557$386
26 years$4,709$3,546$2,633$1,931$1,402$324
27 years$4,486$3,337$2,445$1,768$1,264$273
28 years$4,279$3,145$2,273$1,620$1,141$229
29 years$4,087$2,967$2,115$1,485$1,030$193
30 years$3,908$2,802$1,970$1,363$931$162
31 years$3,741$2,649$1,837$1,252$841$137
32 years$3,585$2,506$1,714$1,151$761$115
33 years$3,438$2,373$1,600$1,058$689$97
34 years$3,301$2,249$1,495$973$624$82
35 years$3,171$2,134$1,398$896$565$69
36 years$3,049$2,025$1,308$825$512$58
37 years$2,934$1,923$1,224$760$464$49
38 years$2,825$1,828$1,146$701$421$41
39 years$2,723$1,738$1,074$646$381$35
40 years$2,625$1,654$1,006$596$346$29
41 years$2,532$1,574$944$550$314$25
42 years$2,444$1,499$885$508$285$21
43 years$2,361$1,428$831$469$258$17
44 years$2,281$1,362$780$433$235$15
45 years$2,205$1,298$732$400$213$12
46 years$2,133$1,239$688$369$193$10
47 years$2,064$1,182$646$341$176$9
48 years$1,998$1,128$607$315$159$7
49 years$1,935$1,078$571$291$145$6
50 years$1,875$1,029$536$269$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,920,000, adding $2,101 every year, while hoping to spend $48,588 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: 56/20/24 Blend
56$1,920,000$1,920,000$1,920,000$1,920,000
57$2,118,007$2,016,247$1,986,487$2,222,639
58$2,282,347$2,063,346$2,001,337$2,341,659
59$2,461,820$2,111,124$2,015,056$2,465,964
60$2,657,920$2,159,564$2,027,555$2,600,370
61$2,872,290$2,208,644$2,038,740$2,745,864
62$3,106,738$2,258,343$2,048,513$2,903,531
63$3,363,257$2,308,632$2,056,769$3,074,570
64$3,644,038$2,359,485$2,063,400$3,260,302
65$3,951,498$2,410,867$2,068,292$3,462,183
66$4,288,296$2,462,745$2,071,324$3,681,815
67$4,657,359$2,515,077$2,072,371$3,920,967
68$5,061,915$2,567,820$2,071,300$4,181,587
69$5,505,514$2,620,927$2,067,973$4,465,824
70$5,992,070$2,674,346$2,062,244$4,776,046
71$6,525,892$2,728,020$2,053,960$5,114,861
72$7,111,727$2,781,887$2,042,961$5,485,147
73$7,754,803$2,835,879$2,029,080$5,890,075
74$8,460,880$2,889,924$2,012,141$6,333,141
75$9,236,302$2,943,943$1,991,960$6,818,197
76$10,088,057$2,997,849$1,968,344$7,349,491
77$11,023,846$3,051,551$1,941,090$7,931,705
78$12,052,150$3,104,948$1,909,988$8,570,000
79$13,182,313$3,157,934$1,874,816$9,270,066
80$14,424,629$3,210,393$1,835,343$10,038,173
81$15,790,439$3,262,200$1,791,325$10,881,234
82$17,292,239$3,313,223$1,742,509$11,806,870
83$18,943,794$3,363,318$1,688,630$12,823,481
84$20,760,272$3,412,331$1,629,410$13,940,325
85$22,758,384$3,460,099$1,564,559$15,167,609
86$24,956,540$3,506,445$1,493,773$16,516,583
87$27,375,028$3,551,182$1,416,735$17,999,648
88$30,036,198$3,594,107$1,333,113$19,630,474
89$32,964,679$3,635,007$1,242,561$21,424,128
90$36,187,606$3,673,652$1,144,716$23,397,217
91$39,734,877$3,709,796$1,039,200$25,568,050
92$43,639,439$3,743,181$925,618$27,956,804
93$47,937,592$3,773,526$803,556$30,585,721
94$52,669,334$3,800,537$672,583$33,479,315
95$57,878,741$3,823,898$532,249$36,664,610
96$63,614,377$3,843,273$382,083$40,171,388
97$69,929,756$3,858,306$221,596$44,032,478
98$76,883,844$3,868,617$50,273$48,284,062
99$84,541,620$3,873,803$0$52,966,024
100$92,974,681$3,873,434$0$58,156,264