Can I retire at age 57 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$164,332$162,869$161,440$160,046$158,685$156,057
2 years$81,353$79,838$78,369$76,945$75,564$72,924
3 years$53,696$52,175$50,710$49,300$47,941$45,371
4 years$39,871$38,354$36,904$35,518$34,192$31,711
5 years$31,578$30,070$28,639$27,281$25,992$23,609
6 years$26,051$24,554$23,145$21,817$20,567$18,283
7 years$22,105$20,621$19,233$17,937$16,726$14,543
8 years$19,146$17,676$16,311$15,047$13,876$11,793
9 years$16,847$15,390$14,049$12,816$11,686$9,702
10 years$15,008$13,565$12,248$11,048$9,957$8,070
11 years$13,504$12,077$10,783$9,615$8,563$6,772
12 years$12,253$10,839$9,570$8,434$7,421$5,722
13 years$11,194$9,796$8,550$7,446$6,471$4,863
14 years$10,288$8,904$7,682$6,609$5,672$4,153
15 years$9,503$8,134$6,936$5,894$4,994$3,559
16 years$8,816$7,463$6,288$5,278$4,414$3,061
17 years$8,212$6,873$5,722$4,742$3,914$2,640
18 years$7,675$6,351$5,224$4,274$3,480$2,282
19 years$7,195$5,886$4,782$3,862$3,102$1,976
20 years$6,763$5,469$4,389$3,497$2,771$1,714
21 years$6,374$5,095$4,037$3,174$2,479$1,490
22 years$6,020$4,756$3,720$2,886$2,222$1,296
23 years$5,697$4,448$3,435$2,628$1,995$1,128
24 years$5,402$4,167$3,177$2,397$1,793$984
25 years$5,131$3,911$2,943$2,189$1,614$858
26 years$4,881$3,676$2,729$2,002$1,453$749
27 years$4,649$3,459$2,534$1,832$1,310$654
28 years$4,435$3,259$2,356$1,679$1,182$572
29 years$4,236$3,075$2,192$1,539$1,068$500
30 years$4,051$2,904$2,042$1,413$965$437
31 years$3,878$2,745$1,904$1,298$872$383
32 years$3,716$2,598$1,776$1,192$789$335
33 years$3,564$2,460$1,658$1,097$714$293
34 years$3,421$2,331$1,550$1,009$646$257
35 years$3,287$2,211$1,449$929$586$225
36 years$3,161$2,099$1,355$855$530$197
37 years$3,041$1,993$1,269$788$481$173
38 years$2,928$1,894$1,188$726$436$151
39 years$2,822$1,801$1,113$670$395$133
40 years$2,721$1,714$1,043$618$359$116
41 years$2,625$1,632$978$570$325$102
42 years$2,534$1,554$918$526$295$89
43 years$2,447$1,480$861$486$268$78
44 years$2,364$1,411$808$448$243$69
45 years$2,286$1,346$759$414$221$60
46 years$2,211$1,284$713$382$200$53
47 years$2,139$1,225$670$353$182$46
48 years$2,071$1,170$629$327$165$41
49 years$2,006$1,117$591$302$150$36
50 years$1,943$1,067$556$279$136$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,990,000, adding $5,455 every year, while hoping to spend $21,255 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: 61/19/20 Blend
56$1,990,000$1,990,000$1,990,000$1,990,000
57$2,198,607$2,093,137$2,062,292$2,320,966
58$2,400,250$2,173,085$2,108,763$2,484,264
59$2,621,747$2,256,239$2,156,079$2,659,569
60$2,865,103$2,342,732$2,204,246$2,850,410
61$3,132,524$2,432,706$2,253,268$3,058,300
62$3,426,439$2,526,306$2,303,150$3,284,903
63$3,749,527$2,623,687$2,353,897$3,532,051
64$4,104,738$2,725,007$2,405,512$3,801,759
65$4,495,323$2,830,434$2,457,998$4,096,246
66$4,924,862$2,940,141$2,511,357$4,417,955
67$5,397,302$3,054,312$2,565,591$4,769,575
68$5,916,988$3,173,134$2,620,700$5,154,066
69$6,488,711$3,296,808$2,676,684$5,574,687
70$7,117,748$3,425,540$2,733,541$6,035,026
71$7,809,912$3,559,546$2,791,269$6,539,036
72$8,571,612$3,699,052$2,849,865$7,091,065
73$9,409,905$3,844,295$2,909,324$7,695,907
74$10,332,570$3,995,519$2,969,641$8,358,838
75$11,348,176$4,152,984$3,030,808$9,085,668
76$12,466,168$4,316,958$3,092,818$9,882,797
77$13,696,949$4,487,721$3,155,660$10,757,275
78$15,051,986$4,665,568$3,219,322$11,716,864
79$16,543,913$4,850,804$3,283,793$12,770,116
80$18,186,649$5,043,751$3,349,058$13,926,450
81$19,995,535$5,244,742$3,415,099$15,196,240
82$21,987,474$5,454,129$3,481,899$16,590,915
83$24,181,090$5,672,276$3,549,437$18,123,064
84$26,596,909$5,899,565$3,617,691$19,806,556
85$29,257,546$6,136,396$3,686,635$21,656,667
86$32,187,922$6,383,185$3,756,244$23,690,229
87$35,415,499$6,640,370$3,826,487$25,925,782
88$38,970,537$6,908,406$3,897,332$28,383,753
89$42,886,383$7,187,769$3,968,743$31,086,645
90$47,199,782$7,478,957$4,040,684$34,059,251
91$51,951,226$7,782,493$4,113,113$37,328,886
92$57,185,335$8,098,918$4,185,986$40,925,643
93$62,951,278$8,428,804$4,259,256$44,882,680
94$69,303,238$8,772,745$4,332,871$49,236,526
95$76,300,922$9,131,364$4,406,776$54,027,432
96$84,010,126$9,505,310$4,480,912$59,299,744
97$92,503,353$9,895,265$4,555,217$65,102,323
98$101,860,502$10,301,940$4,629,624$71,489,007
99$112,169,617$10,726,079$4,704,060$78,519,114
100$123,527,721$11,168,460$4,778,449$86,258,004