Can I retire at age 57 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$162,681$161,232$159,818$158,438$157,091$155,450
2 years$80,535$79,035$77,582$76,172$74,805$73,153
3 years$53,157$51,650$50,200$48,804$47,459$45,847
4 years$39,470$37,968$36,533$35,161$33,848$32,288
5 years$31,260$29,768$28,351$27,007$25,731$24,228
6 years$25,789$24,308$22,912$21,598$20,360$18,915
7 years$21,883$20,413$19,040$17,757$16,558$15,172
8 years$18,954$17,498$16,147$14,896$13,737$12,410
9 years$16,677$15,235$13,908$12,688$11,568$10,300
10 years$14,857$13,429$12,125$10,937$9,857$8,646
11 years$13,369$11,955$10,675$9,518$8,477$7,324
12 years$12,129$10,730$9,474$8,349$7,346$6,248
13 years$11,082$9,697$8,464$7,371$6,406$5,362
14 years$10,184$8,814$7,605$6,543$5,615$4,625
15 years$9,407$8,052$6,866$5,835$4,944$4,005
16 years$8,728$7,388$6,225$5,225$4,370$3,480
17 years$8,129$6,804$5,665$4,694$3,875$3,033
18 years$7,598$6,287$5,171$4,231$3,445$2,650
19 years$7,122$5,827$4,734$3,823$3,071$2,321
20 years$6,695$5,414$4,345$3,462$2,743$2,036
21 years$6,310$5,043$3,996$3,142$2,454$1,789
22 years$5,959$4,708$3,683$2,857$2,200$1,574
23 years$5,640$4,403$3,401$2,602$1,975$1,387
24 years$5,347$4,125$3,145$2,373$1,775$1,223
25 years$5,079$3,871$2,913$2,167$1,597$1,079
26 years$4,831$3,639$2,702$1,982$1,439$954
27 years$4,603$3,424$2,509$1,814$1,297$843
28 years$4,391$3,227$2,332$1,662$1,170$746
29 years$4,194$3,044$2,170$1,524$1,057$660
30 years$4,010$2,875$2,022$1,399$955$585
31 years$3,839$2,718$1,885$1,285$863$518
32 years$3,678$2,571$1,758$1,180$781$459
33 years$3,528$2,435$1,642$1,086$707$407
34 years$3,387$2,308$1,534$999$640$361
35 years$3,254$2,189$1,434$919$580$320
36 years$3,129$2,078$1,342$847$525$284
37 years$3,011$1,973$1,256$780$476$252
38 years$2,899$1,875$1,176$719$432$224
39 years$2,793$1,783$1,102$663$391$199
40 years$2,693$1,697$1,033$612$355$176
41 years$2,598$1,615$968$564$322$157
42 years$2,508$1,538$908$521$292$139
43 years$2,422$1,466$852$481$265$124
44 years$2,341$1,397$800$444$241$110
45 years$2,263$1,332$751$410$219$97
46 years$2,189$1,271$706$379$198$87
47 years$2,118$1,213$663$350$180$77
48 years$2,050$1,158$623$323$164$68
49 years$1,985$1,106$586$299$149$61
50 years$1,923$1,056$550$276$135$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,970,000, adding $6,939 every year, while hoping to spend $34,663 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: 46/32/22 Blend
56$1,970,000$1,970,000$1,970,000$1,970,000
57$2,178,098$2,073,688$2,043,153$2,264,267
58$2,363,382$2,138,417$2,074,717$2,390,179
59$2,566,404$2,205,157$2,106,177$2,522,732
60$2,788,936$2,273,968$2,137,493$2,665,841
61$3,032,931$2,344,915$2,168,621$2,820,506
62$3,300,537$2,418,064$2,199,518$2,987,830
63$3,594,124$2,493,481$2,230,134$3,169,024
64$3,916,301$2,571,237$2,260,419$3,365,424
65$4,269,940$2,651,404$2,290,320$3,578,498
66$4,658,207$2,734,056$2,319,778$3,809,861
67$5,084,588$2,819,269$2,348,735$4,061,295
68$5,552,924$2,907,121$2,377,126$4,334,757
69$6,067,446$2,997,694$2,404,884$4,632,404
70$6,632,816$3,091,071$2,431,937$4,956,611
71$7,254,167$3,187,338$2,458,211$5,309,994
72$7,937,158$3,286,583$2,483,627$5,695,430
73$8,688,020$3,388,898$2,508,101$6,116,093
74$9,513,621$3,494,377$2,531,545$6,575,473
75$10,421,524$3,603,115$2,553,866$7,077,417
76$11,420,066$3,715,214$2,574,966$7,626,163
77$12,518,428$3,830,775$2,594,743$8,226,375
78$13,726,729$3,949,904$2,613,088$8,883,193
79$15,056,116$4,072,711$2,629,888$9,602,281
80$16,518,873$4,199,306$2,645,022$10,389,874
81$18,128,532$4,329,806$2,658,364$11,252,844
82$19,900,006$4,464,330$2,669,783$12,198,758
83$21,849,724$4,603,001$2,679,139$13,235,957
84$23,995,792$4,745,943$2,686,285$14,373,625
85$26,358,156$4,893,287$2,691,069$15,621,885
86$28,958,797$5,045,168$2,693,329$16,991,887
87$31,821,935$5,201,722$2,692,896$18,495,916
88$34,974,257$5,363,091$2,689,593$20,147,509
89$38,445,170$5,529,422$2,683,234$21,961,578
90$42,267,078$5,700,864$2,673,623$23,954,557
91$46,475,687$5,877,573$2,660,556$26,144,551
92$51,110,340$6,059,707$2,643,818$28,551,509
93$56,214,394$6,247,432$2,623,184$31,197,413
94$61,835,621$6,440,915$2,598,420$34,106,483
95$68,026,665$6,640,330$2,569,278$37,305,409
96$74,845,535$6,845,857$2,535,499$40,823,598
97$82,356,155$7,057,680$2,496,814$44,693,455
98$90,628,965$7,275,987$2,452,938$48,950,685
99$99,741,583$7,500,975$2,403,576$53,634,635
100$109,779,546$7,732,844$2,348,417$58,788,662