Can I retire at age 57 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$159,378$157,958$156,573$155,221$153,901$149,094
2 years$78,900$77,430$76,006$74,625$73,286$68,486
3 years$52,077$50,602$49,181$47,813$46,496$41,853
4 years$38,669$37,198$35,791$34,447$33,161$28,711
5 years$30,626$29,163$27,775$26,458$25,209$20,964
6 years$25,265$23,814$22,447$21,159$19,947$15,910
7 years$21,438$19,999$18,653$17,396$16,222$12,394
8 years$18,569$17,143$15,819$14,593$13,458$9,836
9 years$16,339$14,926$13,625$12,430$11,333$7,913
10 years$14,555$13,156$11,879$10,715$9,657$6,433
11 years$13,097$11,712$10,458$9,325$8,305$5,272
12 years$11,883$10,512$9,281$8,179$7,197$4,349
13 years$10,857$9,500$8,292$7,221$6,276$3,605
14 years$9,977$8,635$7,451$6,410$5,501$3,002
15 years$9,216$7,889$6,727$5,717$4,844$2,507
16 years$8,551$7,238$6,099$5,119$4,281$2,100
17 years$7,964$6,666$5,550$4,599$3,796$1,763
18 years$7,443$6,159$5,066$4,145$3,375$1,483
19 years$6,978$5,708$4,638$3,745$3,008$1,250
20 years$6,559$5,305$4,256$3,392$2,687$1,054
21 years$6,181$4,941$3,915$3,078$2,405$890
22 years$5,838$4,612$3,608$2,799$2,155$753
23 years$5,525$4,314$3,332$2,549$1,935$637
24 years$5,239$4,042$3,081$2,325$1,739$539
25 years$4,976$3,793$2,854$2,123$1,565$457
26 years$4,733$3,565$2,647$1,941$1,410$387
27 years$4,509$3,355$2,458$1,777$1,271$328
28 years$4,302$3,161$2,285$1,628$1,147$278
29 years$4,108$2,982$2,126$1,493$1,035$236
30 years$3,929$2,816$1,980$1,370$936$200
31 years$3,761$2,662$1,846$1,258$846$170
32 years$3,604$2,519$1,723$1,157$765$144
33 years$3,456$2,386$1,608$1,064$692$122
34 years$3,318$2,261$1,503$979$627$104
35 years$3,188$2,145$1,405$901$568$88
36 years$3,065$2,036$1,314$830$515$75
37 years$2,950$1,933$1,230$764$466$64
38 years$2,840$1,837$1,152$705$423$54
39 years$2,737$1,747$1,079$650$383$46
40 years$2,639$1,662$1,012$599$348$39
41 years$2,546$1,582$949$553$315$33
42 years$2,457$1,507$890$510$286$28
43 years$2,373$1,436$835$471$260$24
44 years$2,293$1,369$784$435$236$20
45 years$2,217$1,305$736$402$214$17
46 years$2,144$1,245$691$371$194$15
47 years$2,075$1,188$649$343$176$12
48 years$2,008$1,134$610$317$160$11
49 years$1,945$1,083$574$293$146$9
50 years$1,884$1,035$539$271$132$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,930,000, adding $3,045 every year, while hoping to spend $47,913 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: 45/28/27 Blend
56$1,930,000$1,930,000$1,930,000$1,930,000
57$2,130,001$2,027,711$1,997,796$2,209,106
58$2,296,282$2,076,090$2,013,743$2,313,941
59$2,477,918$2,125,233$2,028,619$2,422,710
60$2,676,424$2,175,128$2,042,336$2,539,745
61$2,893,469$2,225,760$2,054,804$2,665,846
62$3,130,891$2,277,110$2,065,928$2,801,891
63$3,390,712$2,329,158$2,075,606$2,948,849
64$3,675,159$2,381,881$2,083,733$3,107,789
65$3,986,685$2,435,253$2,090,199$3,279,888
66$4,327,992$2,489,246$2,094,885$3,466,446
67$4,702,054$2,543,826$2,097,671$3,668,893
68$5,112,148$2,598,957$2,098,427$3,888,809
69$5,561,881$2,654,600$2,097,019$4,127,932
70$6,055,229$2,710,712$2,093,305$4,388,183
71$6,596,568$2,767,242$2,087,136$4,671,676
72$7,190,720$2,824,139$2,078,358$4,980,743
73$7,842,997$2,881,346$2,066,806$5,317,957
74$8,559,249$2,938,798$2,052,310$5,686,152
75$9,345,921$2,996,428$2,034,692$6,088,455
76$10,210,114$3,054,161$2,013,762$6,528,311
77$11,159,647$3,111,917$1,989,325$7,009,522
78$12,203,138$3,169,608$1,961,174$7,536,278
79$13,350,079$3,227,140$1,929,094$8,113,198
80$14,610,928$3,284,410$1,892,860$8,745,375
81$15,997,206$3,341,310$1,852,235$9,438,425
82$17,521,608$3,397,721$1,806,971$10,198,539
83$19,198,119$3,453,516$1,756,811$11,032,544
84$21,042,146$3,508,558$1,701,484$11,947,965
85$23,070,668$3,562,700$1,640,706$12,953,099
86$25,302,389$3,615,785$1,574,183$14,057,093
87$27,757,919$3,667,645$1,501,604$15,270,032
88$30,459,965$3,718,098$1,422,646$16,603,034
89$33,433,548$3,766,951$1,336,972$18,068,356
90$36,706,237$3,813,999$1,244,227$19,679,510
91$40,308,408$3,859,019$1,144,044$21,451,391
92$44,273,531$3,901,777$1,036,035$23,400,423
93$48,638,488$3,942,021$919,798$25,544,706
94$53,443,915$3,979,481$794,913$27,904,198
95$58,734,591$4,013,873$660,940$30,500,898
96$64,559,858$4,044,891$517,420$33,359,057
97$70,974,083$4,072,210$363,873$36,505,408
98$78,037,177$4,095,486$199,800$39,969,418
99$85,815,153$4,114,349$24,678$43,783,572
100$94,380,757$4,128,410$0$47,983,675