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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$161,029$159,595$158,195$156,829$155,496$151,922
2 years$79,717$78,233$76,794$75,399$74,046$70,465
3 years$52,617$51,126$49,691$48,309$46,978$43,501
4 years$39,070$37,583$36,162$34,804$33,505$30,160
5 years$30,943$29,466$28,063$26,733$25,470$22,266
6 years$25,527$24,061$22,679$21,378$20,153$17,094
7 years$21,660$20,206$18,847$17,576$16,390$13,476
8 years$18,761$17,320$15,983$14,744$13,597$10,826
9 years$16,508$15,081$13,767$12,559$11,451$8,822
10 years$14,706$13,293$12,002$10,826$9,757$7,266
11 years$13,233$11,834$10,566$9,422$8,391$6,036
12 years$12,006$10,621$9,377$8,264$7,271$5,048
13 years$10,969$9,599$8,378$7,296$6,341$4,245
14 years$10,081$8,725$7,528$6,477$5,558$3,585
15 years$9,312$7,970$6,797$5,776$4,894$3,039
16 years$8,639$7,313$6,162$5,172$4,325$2,584
17 years$8,047$6,735$5,607$4,647$3,835$2,203
18 years$7,520$6,223$5,119$4,188$3,410$1,882
19 years$7,050$5,768$4,686$3,784$3,039$1,611
20 years$6,627$5,359$4,300$3,427$2,715$1,381
21 years$6,245$4,992$3,956$3,110$2,430$1,185
22 years$5,899$4,660$3,646$2,828$2,178$1,018
23 years$5,583$4,358$3,366$2,575$1,955$876
24 years$5,293$4,084$3,113$2,349$1,757$754
25 years$5,027$3,832$2,883$2,145$1,581$649
26 years$4,782$3,602$2,674$1,961$1,424$560
27 years$4,556$3,390$2,483$1,795$1,284$483
28 years$4,346$3,194$2,308$1,645$1,159$416
29 years$4,151$3,013$2,148$1,508$1,046$359
30 years$3,969$2,846$2,001$1,384$945$310
31 years$3,800$2,690$1,865$1,271$855$268
32 years$3,641$2,545$1,741$1,169$773$231
33 years$3,492$2,410$1,625$1,075$700$200
34 years$3,352$2,285$1,518$989$633$173
35 years$3,221$2,167$1,420$910$574$149
36 years$3,097$2,057$1,328$838$520$129
37 years$2,980$1,953$1,243$772$471$112
38 years$2,870$1,856$1,164$712$427$96
39 years$2,765$1,765$1,091$656$387$83
40 years$2,666$1,679$1,022$605$351$72
41 years$2,572$1,599$958$559$319$62
42 years$2,483$1,523$899$515$289$54
43 years$2,398$1,451$844$476$262$47
44 years$2,317$1,383$792$439$238$40
45 years$2,240$1,319$744$406$216$35
46 years$2,166$1,258$698$375$196$30
47 years$2,096$1,200$656$346$178$26
48 years$2,029$1,146$617$320$162$23
49 years$1,965$1,094$580$296$147$20
50 years$1,904$1,045$545$273$134$17

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 $4,364 every year, while hoping to spend $55,643 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: 43/36/21 Blend
56$1,950,000$1,950,000$1,950,000$1,950,000
57$2,153,401$2,050,051$2,019,826$2,232,657
58$2,313,845$2,091,300$2,028,287$2,330,464
59$2,488,788$2,132,705$2,035,166$2,430,620
60$2,679,652$2,174,216$2,040,352$2,537,996
61$2,888,000$2,215,776$2,043,727$2,653,287
62$3,115,553$2,257,325$2,045,168$2,777,259
63$3,364,205$2,298,800$2,044,547$2,910,757
64$3,636,041$2,340,129$2,041,727$3,054,714
65$3,933,359$2,381,236$2,036,566$3,210,159
66$4,258,686$2,422,041$2,028,916$3,378,226
67$4,614,806$2,462,455$2,018,618$3,560,168
68$5,004,785$2,502,384$2,005,511$3,757,367
69$5,431,999$2,541,727$1,989,421$3,971,346
70$5,900,166$2,580,374$1,970,170$4,203,788
71$6,413,379$2,618,210$1,947,567$4,456,547
72$6,976,150$2,655,108$1,921,416$4,731,672
73$7,593,444$2,690,935$1,891,511$5,031,419
74$8,270,733$2,725,548$1,857,634$5,358,282
75$9,014,042$2,758,794$1,819,559$5,715,007
76$9,830,009$2,790,510$1,777,049$6,104,629
77$10,725,945$2,820,520$1,729,855$6,530,491
78$11,709,905$2,848,639$1,677,719$6,996,284
79$12,790,761$2,874,668$1,620,368$7,506,079
80$13,978,288$2,898,396$1,557,520$8,064,366
81$15,283,252$2,919,597$1,488,876$8,676,097
82$16,717,518$2,938,030$1,414,127$9,346,737
83$18,294,152$2,953,442$1,332,948$10,082,311
84$20,027,554$2,965,559$1,245,000$10,889,467
85$21,933,586$2,974,092$1,149,929$11,775,534
86$24,029,724$2,978,736$1,047,364$12,748,599
87$26,335,225$2,979,162$936,919$13,817,579
88$28,871,302$2,975,026$818,190$14,992,308
89$31,661,331$2,965,958$690,756$16,283,633
90$34,731,064$2,951,568$554,174$17,703,514
91$38,108,880$2,931,441$407,986$19,265,142
92$41,826,043$2,905,139$251,710$20,983,062
93$45,917,003$2,872,195$84,847$22,873,315
94$50,419,719$2,832,115$0$24,953,588
95$55,376,017$2,784,375$0$27,264,273
96$60,831,982$2,728,420$0$29,827,634
97$66,838,395$2,663,664$0$32,648,478
98$73,451,211$2,589,483$0$35,753,085
99$80,732,087$2,505,219$0$39,170,422
100$88,748,960$2,410,176$0$42,932,418