Can I retire at age 57 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$161,029$159,595$158,195$156,829$155,496$150,699
2 years$79,717$78,233$76,794$75,399$74,046$69,255
3 years$52,617$51,126$49,691$48,309$46,978$42,343
4 years$39,070$37,583$36,162$34,804$33,505$29,062
5 years$30,943$29,466$28,063$26,733$25,470$21,231
6 years$25,527$24,061$22,679$21,378$20,153$16,122
7 years$21,660$20,206$18,847$17,576$16,390$12,566
8 years$18,761$17,320$15,983$14,744$13,597$9,978
9 years$16,508$15,081$13,767$12,559$11,451$8,033
10 years$14,706$13,293$12,002$10,826$9,757$6,534
11 years$13,233$11,834$10,566$9,422$8,391$5,359
12 years$12,006$10,621$9,377$8,264$7,271$4,423
13 years$10,969$9,599$8,378$7,296$6,341$3,669
14 years$10,081$8,725$7,528$6,477$5,558$3,057
15 years$9,312$7,970$6,797$5,776$4,894$2,555
16 years$8,639$7,313$6,162$5,172$4,325$2,142
17 years$8,047$6,735$5,607$4,647$3,835$1,800
18 years$7,520$6,223$5,119$4,188$3,410$1,515
19 years$7,050$5,768$4,686$3,784$3,039$1,277
20 years$6,627$5,359$4,300$3,427$2,715$1,078
21 years$6,245$4,992$3,956$3,110$2,430$911
22 years$5,899$4,660$3,646$2,828$2,178$771
23 years$5,583$4,358$3,366$2,575$1,955$653
24 years$5,293$4,084$3,113$2,349$1,757$553
25 years$5,027$3,832$2,883$2,145$1,581$469
26 years$4,782$3,602$2,674$1,961$1,424$398
27 years$4,556$3,390$2,483$1,795$1,284$337
28 years$4,346$3,194$2,308$1,645$1,159$286
29 years$4,151$3,013$2,148$1,508$1,046$243
30 years$3,969$2,846$2,001$1,384$945$206
31 years$3,800$2,690$1,865$1,271$855$175
32 years$3,641$2,545$1,741$1,169$773$149
33 years$3,492$2,410$1,625$1,075$700$127
34 years$3,352$2,285$1,518$989$633$108
35 years$3,221$2,167$1,420$910$574$91
36 years$3,097$2,057$1,328$838$520$78
37 years$2,980$1,953$1,243$772$471$66
38 years$2,870$1,856$1,164$712$427$56
39 years$2,765$1,765$1,091$656$387$48
40 years$2,666$1,679$1,022$605$351$41
41 years$2,572$1,599$958$559$319$34
42 years$2,483$1,523$899$515$289$29
43 years$2,398$1,451$844$476$262$25
44 years$2,317$1,383$792$439$238$21
45 years$2,240$1,319$744$406$216$18
46 years$2,166$1,258$698$375$196$15
47 years$2,096$1,200$656$346$178$13
48 years$2,029$1,146$617$320$162$11
49 years$1,965$1,094$580$296$147$9
50 years$1,904$1,045$545$273$134$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,950,000, adding $4,021 every year, while hoping to spend $22,201 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: 46/41/13 Blend
56$1,950,000$1,950,000$1,950,000$1,950,000
57$2,153,048$2,049,698$2,019,473$2,244,008
58$2,349,037$2,126,511$2,063,503$2,384,293
59$2,564,273$2,206,344$2,108,265$2,533,803
60$2,800,695$2,289,322$2,153,758$2,695,505
61$3,060,441$2,375,574$2,199,984$2,870,538
62$3,345,865$2,465,235$2,246,942$3,060,155
63$3,659,559$2,558,448$2,294,631$3,265,730
64$4,004,381$2,655,359$2,343,048$3,488,775
65$4,383,479$2,756,122$2,392,191$3,730,951
66$4,800,320$2,860,899$2,442,056$3,994,085
67$5,258,725$2,969,855$2,492,637$4,280,185
68$5,762,904$3,083,167$2,543,930$4,591,459
69$6,317,495$3,201,017$2,595,926$4,930,337
70$6,927,607$3,323,595$2,648,617$5,299,488
71$7,598,871$3,451,099$2,701,994$5,701,852
72$8,337,491$3,583,738$2,756,046$6,140,661
73$9,150,301$3,721,727$2,810,759$6,619,472
74$10,044,833$3,865,292$2,866,121$7,142,197
75$11,029,385$4,014,671$2,922,115$7,713,142
76$12,113,100$4,170,108$2,978,724$8,337,047
77$13,306,054$4,331,861$3,035,929$9,019,126
78$14,619,349$4,500,199$3,093,709$9,765,121
79$16,065,215$4,675,402$3,152,042$10,581,348
80$17,657,133$4,857,762$3,210,901$11,474,765
81$19,409,954$5,047,587$3,270,260$12,453,027
82$21,340,045$5,245,194$3,330,089$13,524,564
83$23,465,439$5,450,917$3,390,356$14,698,657
84$25,806,007$5,665,105$3,451,026$15,985,524
85$28,383,646$5,888,122$3,512,062$17,396,418
86$31,222,485$6,120,348$3,573,424$18,943,727
87$34,349,113$6,362,179$3,635,068$20,641,096
88$37,792,828$6,614,031$3,696,948$22,503,547
89$41,585,916$6,876,337$3,759,014$24,547,628
90$45,763,951$7,149,550$3,821,214$26,791,560
91$50,366,140$7,434,144$3,883,490$29,255,412
92$55,435,680$7,730,611$3,945,781$31,961,288
93$61,020,178$8,039,470$4,008,023$34,933,534
94$67,172,092$8,361,259$4,070,148$38,198,964
95$73,949,228$8,696,544$4,132,080$41,787,116
96$81,415,289$9,045,913$4,193,744$45,730,523
97$89,640,469$9,409,984$4,255,055$50,065,025
98$98,702,123$9,789,400$4,315,926$54,830,098
99$108,685,494$10,184,834$4,376,264$60,069,231
100$119,684,514$10,596,991$4,435,969$65,830,330