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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$159,378$157,958$156,573$155,221$153,901$152,611
2 years$78,900$77,430$76,006$74,625$73,286$71,987
3 years$52,077$50,602$49,181$47,813$46,496$45,226
4 years$38,669$37,198$35,791$34,447$33,161$31,932
5 years$30,626$29,163$27,775$26,458$25,209$24,023
6 years$25,265$23,814$22,447$21,159$19,947$18,806
7 years$21,438$19,999$18,653$17,396$16,222$15,126
8 years$18,569$17,143$15,819$14,593$13,458$12,408
9 years$16,339$14,926$13,625$12,430$11,333$10,329
10 years$14,555$13,156$11,879$10,715$9,657$8,696
11 years$13,097$11,712$10,458$9,325$8,305$7,389
12 years$11,883$10,512$9,281$8,179$7,197$6,324
13 years$10,857$9,500$8,292$7,221$6,276$5,445
14 years$9,977$8,635$7,451$6,410$5,501$4,711
15 years$9,216$7,889$6,727$5,717$4,844$4,094
16 years$8,551$7,238$6,099$5,119$4,281$3,570
17 years$7,964$6,666$5,550$4,599$3,796$3,122
18 years$7,443$6,159$5,066$4,145$3,375$2,737
19 years$6,978$5,708$4,638$3,745$3,008$2,406
20 years$6,559$5,305$4,256$3,392$2,687$2,118
21 years$6,181$4,941$3,915$3,078$2,405$1,868
22 years$5,838$4,612$3,608$2,799$2,155$1,650
23 years$5,525$4,314$3,332$2,549$1,935$1,459
24 years$5,239$4,042$3,081$2,325$1,739$1,292
25 years$4,976$3,793$2,854$2,123$1,565$1,145
26 years$4,733$3,565$2,647$1,941$1,410$1,015
27 years$4,509$3,355$2,458$1,777$1,271$901
28 years$4,302$3,161$2,285$1,628$1,147$800
29 years$4,108$2,982$2,126$1,493$1,035$711
30 years$3,929$2,816$1,980$1,370$936$632
31 years$3,761$2,662$1,846$1,258$846$563
32 years$3,604$2,519$1,723$1,157$765$501
33 years$3,456$2,386$1,608$1,064$692$446
34 years$3,318$2,261$1,503$979$627$397
35 years$3,188$2,145$1,405$901$568$354
36 years$3,065$2,036$1,314$830$515$315
37 years$2,950$1,933$1,230$764$466$281
38 years$2,840$1,837$1,152$705$423$250
39 years$2,737$1,747$1,079$650$383$223
40 years$2,639$1,662$1,012$599$348$199
41 years$2,546$1,582$949$553$315$177
42 years$2,457$1,507$890$510$286$158
43 years$2,373$1,436$835$471$260$141
44 years$2,293$1,369$784$435$236$126
45 years$2,217$1,305$736$402$214$112
46 years$2,144$1,245$691$371$194$100
47 years$2,075$1,188$649$343$176$89
48 years$2,008$1,134$610$317$160$80
49 years$1,945$1,083$574$293$146$71
50 years$1,884$1,035$539$271$132$64

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 $6,199 every year, while hoping to spend $46,758 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: 32/50/18 Blend
56$1,930,000$1,930,000$1,930,000$1,930,000
57$2,133,254$2,030,964$2,001,049$2,189,363
58$2,301,096$2,080,731$2,018,334$2,281,416
59$2,484,491$2,131,370$2,034,631$2,375,778
60$2,684,975$2,182,873$2,049,858$2,476,425
61$2,904,241$2,235,233$2,063,927$2,583,933
62$3,144,153$2,288,438$2,076,747$2,698,935
63$3,406,761$2,342,476$2,088,223$2,822,131
64$3,694,325$2,397,333$2,098,253$2,954,291
65$4,009,334$2,452,989$2,106,732$3,096,264
66$4,354,526$2,509,425$2,113,547$3,248,984
67$4,732,919$2,566,619$2,118,583$3,413,483
68$5,147,836$2,624,543$2,121,715$3,590,894
69$5,602,939$2,683,168$2,122,815$3,782,470
70$6,102,257$2,742,462$2,121,748$3,989,590
71$6,650,232$2,802,388$2,118,372$4,213,774
72$7,251,755$2,862,904$2,112,537$4,456,699
73$7,912,215$2,923,967$2,104,087$4,720,212
74$8,637,545$2,985,526$2,092,859$5,006,349
75$9,434,286$3,047,528$2,078,681$5,317,357
76$10,309,639$3,109,913$2,061,372$5,655,710
77$11,271,539$3,172,616$2,040,745$6,024,138
78$12,328,728$3,235,566$2,016,602$6,425,649
79$13,490,837$3,298,687$1,988,736$6,863,562
80$14,768,474$3,361,895$1,956,931$7,341,534
81$16,173,330$3,425,099$1,920,960$7,863,598
82$17,718,284$3,488,203$1,880,586$8,434,199
83$19,417,523$3,551,099$1,835,561$9,058,240
84$21,286,683$3,613,675$1,785,624$9,741,127
85$23,342,986$3,675,807$1,730,504$10,488,818
86$25,605,412$3,737,363$1,669,918$11,307,884
87$28,094,871$3,798,201$1,603,567$12,205,569
88$30,834,403$3,858,168$1,531,141$13,189,859
89$33,849,393$3,917,099$1,452,315$14,269,562
90$37,167,813$3,974,819$1,366,750$15,454,385
91$40,820,485$4,031,139$1,274,090$16,755,033
92$44,841,367$4,085,859$1,173,966$18,183,307
93$49,267,882$4,138,761$1,065,989$19,752,217
94$54,141,261$4,189,615$949,754$21,476,108
95$59,506,938$4,238,175$824,840$23,370,795
96$65,414,977$4,284,177$690,803$25,453,711
97$71,920,544$4,327,340$547,184$27,744,078
98$79,084,425$4,367,366$393,501$30,263,084
99$86,973,604$4,403,935$229,251$33,034,092
100$95,661,890$4,436,706$53,909$36,082,852