Can I retire at age 57 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$161,855$160,413$159,007$157,634$156,293$150,033
2 years$80,126$78,634$77,188$75,785$74,425$68,197
3 years$52,887$51,388$49,946$48,556$47,218$41,218
4 years$39,270$37,776$36,348$34,982$33,677$27,949
5 years$31,102$29,617$28,207$26,870$25,600$20,161
6 years$25,658$24,184$22,796$21,488$20,257$15,109
7 years$21,771$20,310$18,943$17,666$16,474$11,616
8 years$18,858$17,409$16,065$14,820$13,667$9,093
9 years$16,593$15,158$13,837$12,623$11,510$7,213
10 years$14,782$13,361$12,064$10,881$9,807$5,780
11 years$13,301$11,894$10,621$9,470$8,434$4,667
12 years$12,068$10,676$9,425$8,307$7,309$3,791
13 years$11,025$9,648$8,421$7,333$6,373$3,094
14 years$10,132$8,770$7,566$6,510$5,587$2,535
15 years$9,359$8,011$6,831$5,806$4,919$2,083
16 years$8,684$7,350$6,194$5,198$4,348$1,716
17 years$8,088$6,769$5,636$4,671$3,855$1,416
18 years$7,559$6,255$5,145$4,209$3,428$1,171
19 years$7,086$5,797$4,710$3,803$3,055$970
20 years$6,661$5,387$4,323$3,445$2,729$804
21 years$6,278$5,018$3,976$3,126$2,442$667
22 years$5,929$4,684$3,664$2,842$2,189$554
23 years$5,611$4,381$3,383$2,589$1,965$460
24 years$5,320$4,104$3,129$2,361$1,766$382
25 years$5,053$3,852$2,898$2,156$1,589$318
26 years$4,807$3,620$2,688$1,972$1,431$264
27 years$4,579$3,407$2,496$1,805$1,291$220
28 years$4,368$3,210$2,320$1,653$1,165$183
29 years$4,172$3,029$2,159$1,516$1,052$152
30 years$3,990$2,860$2,011$1,392$950$127
31 years$3,819$2,704$1,875$1,278$859$106
32 years$3,660$2,558$1,749$1,174$777$88
33 years$3,510$2,423$1,633$1,080$703$73
34 years$3,370$2,296$1,526$994$637$61
35 years$3,237$2,178$1,427$915$577$51
36 years$3,113$2,067$1,335$843$522$42
37 years$2,995$1,963$1,249$776$474$35
38 years$2,884$1,866$1,170$715$429$29
39 years$2,779$1,774$1,096$660$389$25
40 years$2,680$1,688$1,027$608$353$20
41 years$2,585$1,607$963$561$320$17
42 years$2,495$1,530$904$518$291$14
43 years$2,410$1,458$848$478$264$12
44 years$2,329$1,390$796$442$239$10
45 years$2,251$1,325$747$408$217$8
46 years$2,178$1,264$702$377$197$7
47 years$2,107$1,207$660$348$179$6
48 years$2,040$1,152$620$322$163$5
49 years$1,975$1,100$583$297$148$4
50 years$1,914$1,051$548$275$134$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,960,000, adding $2,184 every year, while hoping to spend $42,013 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: 76/13/11 Blend
56$1,960,000$1,960,000$1,960,000$1,960,000
57$2,162,173$2,058,293$2,027,913$2,321,898
58$2,338,013$2,114,448$2,051,146$2,483,579
59$2,530,381$2,171,946$2,073,750$2,655,225
60$2,740,917$2,230,809$2,095,659$2,842,199
61$2,971,431$2,291,059$2,116,803$3,046,010
62$3,223,911$2,352,715$2,137,110$3,268,319
63$3,500,550$2,415,798$2,156,504$3,510,957
64$3,803,762$2,480,328$2,174,903$3,775,939
65$4,136,206$2,546,324$2,192,222$4,065,484
66$4,500,809$2,613,804$2,208,372$4,382,038
67$4,900,798$2,682,787$2,223,258$4,728,294
68$5,339,723$2,753,287$2,236,781$5,107,217
69$5,821,499$2,825,323$2,248,837$5,522,077
70$6,350,436$2,898,907$2,259,317$5,976,471
71$6,931,281$2,974,054$2,268,105$6,474,366
72$7,569,265$3,050,776$2,275,080$7,020,130
73$8,270,149$3,129,084$2,280,114$7,618,577
74$9,040,282$3,208,986$2,283,076$8,275,008
75$9,886,655$3,290,491$2,283,823$8,995,265
76$10,816,973$3,373,604$2,282,210$9,785,784
77$11,839,722$3,458,329$2,278,082$10,653,657
78$12,964,253$3,544,667$2,271,278$11,606,697
79$14,200,869$3,632,617$2,261,627$12,653,513
80$15,560,918$3,722,176$2,248,952$13,803,590
81$17,056,907$3,813,337$2,233,067$15,067,380
82$18,702,612$3,906,092$2,213,776$16,456,399
83$20,513,216$4,000,428$2,190,875$17,983,337
84$22,505,444$4,096,328$2,164,149$19,662,175
85$24,697,725$4,193,774$2,133,374$21,508,320
86$27,110,365$4,292,742$2,098,314$23,538,750
87$29,765,740$4,393,203$2,058,725$25,772,173
88$32,688,501$4,495,126$2,014,348$28,229,201
89$35,905,814$4,598,473$1,964,914$30,932,551
90$39,447,609$4,703,201$1,910,142$33,907,253
91$43,346,870$4,809,261$1,849,735$37,180,890
92$47,639,936$4,916,601$1,783,387$40,783,857
93$52,366,853$5,025,158$1,710,774$44,749,648
94$57,571,746$5,134,865$1,631,559$49,115,170
95$63,303,238$5,245,647$1,545,390$53,921,097
96$69,614,905$5,357,421$1,451,898$59,212,248
97$76,565,788$5,470,097$1,350,699$65,038,012
98$84,220,940$5,583,573$1,241,389$71,452,816
99$92,652,049$5,697,742$1,123,549$78,516,638
100$101,938,110$5,812,483$996,739$86,295,570