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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$158,552$157,140$155,762$154,417$153,103$147,907
2 years$78,491$77,029$75,612$74,239$72,906$67,723
3 years$51,808$50,339$48,926$47,566$46,255$41,247
4 years$38,468$37,005$35,606$34,268$32,989$28,196
5 years$30,467$29,012$27,632$26,321$25,078$20,512
6 years$25,135$23,691$22,330$21,049$19,843$15,508
7 years$21,327$19,895$18,557$17,306$16,138$12,032
8 years$18,473$17,054$15,738$14,517$13,388$9,509
9 years$16,254$14,849$13,555$12,366$11,275$7,618
10 years$14,480$13,088$11,817$10,659$9,607$6,166
11 years$13,029$11,652$10,404$9,277$8,262$5,030
12 years$11,822$10,458$9,233$8,137$7,160$4,130
13 years$10,800$9,451$8,249$7,184$6,243$3,408
14 years$9,926$8,591$7,412$6,377$5,473$2,823
15 years$9,168$7,848$6,692$5,687$4,819$2,347
16 years$8,506$7,200$6,067$5,092$4,259$1,956
17 years$7,923$6,631$5,521$4,575$3,776$1,634
18 years$7,405$6,127$5,040$4,123$3,358$1,367
19 years$6,942$5,679$4,614$3,726$2,993$1,146
20 years$6,525$5,277$4,234$3,374$2,673$961
21 years$6,149$4,915$3,895$3,062$2,392$807
22 years$5,808$4,588$3,590$2,784$2,144$679
23 years$5,497$4,291$3,314$2,536$1,925$571
24 years$5,212$4,021$3,065$2,313$1,730$481
25 years$4,950$3,773$2,839$2,112$1,557$405
26 years$4,709$3,546$2,633$1,931$1,402$341
27 years$4,486$3,337$2,445$1,768$1,264$288
28 years$4,279$3,145$2,273$1,620$1,141$243
29 years$4,087$2,967$2,115$1,485$1,030$205
30 years$3,908$2,802$1,970$1,363$931$173
31 years$3,741$2,649$1,837$1,252$841$146
32 years$3,585$2,506$1,714$1,151$761$123
33 years$3,438$2,373$1,600$1,058$689$104
34 years$3,301$2,249$1,495$973$624$88
35 years$3,171$2,134$1,398$896$565$74
36 years$3,049$2,025$1,308$825$512$62
37 years$2,934$1,923$1,224$760$464$53
38 years$2,825$1,828$1,146$701$421$44
39 years$2,723$1,738$1,074$646$381$38
40 years$2,625$1,654$1,006$596$346$32
41 years$2,532$1,574$944$550$314$27
42 years$2,444$1,499$885$508$285$23
43 years$2,361$1,428$831$469$258$19
44 years$2,281$1,362$780$433$235$16
45 years$2,205$1,298$732$400$213$14
46 years$2,133$1,239$688$369$193$12
47 years$2,064$1,182$646$341$176$10
48 years$1,998$1,128$607$315$159$8
49 years$1,935$1,078$571$291$145$7
50 years$1,875$1,029$536$269$132$6

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 $3,167 every year, while hoping to spend $41,113 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: 55/34/11 Blend
56$1,920,000$1,920,000$1,920,000$1,920,000
57$2,119,107$2,017,347$1,987,587$2,229,607
58$2,291,512$2,072,453$2,010,427$2,359,946
59$2,480,124$2,128,881$2,032,654$2,497,022
60$2,686,554$2,186,653$2,054,205$2,645,302
61$2,912,573$2,245,790$2,075,012$2,805,862
62$3,160,134$2,306,312$2,095,003$2,979,882
63$3,431,386$2,368,240$2,114,104$3,168,666
64$3,728,696$2,431,593$2,132,236$3,373,646
65$4,054,673$2,496,391$2,149,316$3,596,400
66$4,412,187$2,562,651$2,165,255$3,838,665
67$4,804,402$2,630,393$2,179,963$4,102,354
68$5,234,801$2,699,632$2,193,342$4,389,574
69$5,707,222$2,770,385$2,205,290$4,702,645
70$6,225,892$2,842,667$2,215,700$5,044,122
71$6,795,466$2,916,492$2,224,460$5,416,820
72$7,421,075$2,991,871$2,231,451$5,823,839
73$8,108,370$3,068,817$2,236,549$6,268,594
74$8,863,573$3,147,340$2,239,623$6,754,846
75$9,693,545$3,227,446$2,240,538$7,286,740
76$10,605,839$3,309,143$2,239,148$7,868,840
77$11,608,779$3,392,436$2,235,304$8,506,176
78$12,711,535$3,477,326$2,228,847$9,204,288
79$13,924,209$3,563,813$2,219,611$9,969,283
80$15,257,934$3,651,895$2,207,424$10,807,885
81$16,724,972$3,741,567$2,192,101$11,727,506
82$18,338,836$3,832,820$2,173,454$12,736,311
83$20,114,414$3,925,645$2,151,281$13,843,296
84$22,068,109$4,020,026$2,125,373$15,058,376
85$24,217,994$4,115,946$2,095,512$16,392,473
86$26,583,984$4,213,382$2,061,466$17,857,624
87$29,188,022$4,312,309$2,022,996$19,467,092
88$32,054,284$4,412,696$1,979,850$21,235,492
89$35,209,411$4,514,508$1,931,765$23,178,927
90$38,682,757$4,617,705$1,878,466$25,315,145
91$42,506,667$4,722,241$1,819,663$27,663,699
92$46,716,781$4,828,065$1,755,056$30,246,141
93$51,352,372$4,935,119$1,684,329$33,086,216
94$56,456,712$5,043,339$1,607,153$36,210,093
95$62,077,487$5,152,653$1,523,183$39,646,608
96$68,267,241$5,262,982$1,432,059$43,427,540
97$75,083,871$5,374,240$1,333,405$47,587,908
98$82,591,179$5,486,331$1,226,827$52,166,302
99$90,859,468$5,599,150$1,111,914$57,205,250
100$99,966,208$5,712,582$988,238$62,751,618