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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$164,332$162,869$161,440$160,046$158,685$152,812
2 years$81,353$79,838$78,369$76,945$75,564$69,714
3 years$53,696$52,175$50,710$49,300$47,941$42,297
4 years$39,871$38,354$36,904$35,518$34,192$28,797
5 years$31,578$30,070$28,639$27,281$25,992$20,861
6 years$26,051$24,554$23,145$21,817$20,567$15,702
7 years$22,105$20,621$19,233$17,937$16,726$12,128
8 years$19,146$17,676$16,311$15,047$13,876$9,539
9 years$16,847$15,390$14,049$12,816$11,686$7,604
10 years$15,008$13,565$12,248$11,048$9,957$6,124
11 years$13,504$12,077$10,783$9,615$8,563$4,970
12 years$12,253$10,839$9,570$8,434$7,421$4,059
13 years$11,194$9,796$8,550$7,446$6,471$3,331
14 years$10,288$8,904$7,682$6,609$5,672$2,744
15 years$9,503$8,134$6,936$5,894$4,994$2,268
16 years$8,816$7,463$6,288$5,278$4,414$1,879
17 years$8,212$6,873$5,722$4,742$3,914$1,561
18 years$7,675$6,351$5,224$4,274$3,480$1,298
19 years$7,195$5,886$4,782$3,862$3,102$1,081
20 years$6,763$5,469$4,389$3,497$2,771$902
21 years$6,374$5,095$4,037$3,174$2,479$753
22 years$6,020$4,756$3,720$2,886$2,222$629
23 years$5,697$4,448$3,435$2,628$1,995$526
24 years$5,402$4,167$3,177$2,397$1,793$440
25 years$5,131$3,911$2,943$2,189$1,614$368
26 years$4,881$3,676$2,729$2,002$1,453$308
27 years$4,649$3,459$2,534$1,832$1,310$258
28 years$4,435$3,259$2,356$1,679$1,182$216
29 years$4,236$3,075$2,192$1,539$1,068$181
30 years$4,051$2,904$2,042$1,413$965$152
31 years$3,878$2,745$1,904$1,298$872$127
32 years$3,716$2,598$1,776$1,192$789$107
33 years$3,564$2,460$1,658$1,097$714$89
34 years$3,421$2,331$1,550$1,009$646$75
35 years$3,287$2,211$1,449$929$586$63
36 years$3,161$2,099$1,355$855$530$53
37 years$3,041$1,993$1,269$788$481$44
38 years$2,928$1,894$1,188$726$436$37
39 years$2,822$1,801$1,113$670$395$31
40 years$2,721$1,714$1,043$618$359$26
41 years$2,625$1,632$978$570$325$22
42 years$2,534$1,554$918$526$295$18
43 years$2,447$1,480$861$486$268$15
44 years$2,364$1,411$808$448$243$13
45 years$2,286$1,346$759$414$221$11
46 years$2,211$1,284$713$382$200$9
47 years$2,139$1,225$670$353$182$8
48 years$2,071$1,170$629$327$165$6
49 years$2,006$1,117$591$302$150$5
50 years$1,943$1,067$556$279$136$5

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 $6,795 every year, while hoping to spend $57,201 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: 40/37/23 Blend
56$1,990,000$1,990,000$1,990,000$1,990,000
57$2,199,989$2,094,519$2,063,674$2,272,779
58$2,363,527$2,136,289$2,071,946$2,367,568
59$2,541,828$2,178,189$2,078,577$2,464,129
60$2,736,338$2,220,164$2,083,454$2,567,452
61$2,948,649$2,262,156$2,086,453$2,678,186
62$3,180,511$2,304,102$2,087,450$2,797,048
63$3,433,853$2,345,932$2,086,309$2,924,831
64$3,710,796$2,387,574$2,082,891$3,062,407
65$4,013,679$2,428,947$2,077,050$3,210,741
66$4,345,075$2,469,965$2,068,631$3,370,898
67$4,707,815$2,510,536$2,057,473$3,544,052
68$5,105,020$2,550,561$2,043,406$3,731,500
69$5,540,127$2,589,932$2,026,254$3,934,673
70$6,016,917$2,628,536$2,005,832$4,155,151
71$6,539,558$2,666,251$1,981,943$4,394,676
72$7,112,640$2,702,944$1,954,385$4,655,173
73$7,741,217$2,738,475$1,922,944$4,938,764
74$8,430,856$2,772,695$1,887,397$5,247,792
75$9,187,689$2,805,443$1,847,511$5,584,843
76$10,018,470$2,836,547$1,803,040$5,952,770
77$10,930,641$2,865,825$1,753,729$6,354,720
78$11,932,398$2,893,082$1,699,310$6,794,168
79$13,032,769$2,918,109$1,639,503$7,274,947
80$14,241,701$2,940,686$1,574,016$7,801,285
81$15,570,151$2,960,576$1,502,542$8,377,849
82$17,030,190$2,977,528$1,424,761$9,009,785
83$18,635,117$2,991,275$1,340,339$9,702,774
84$20,399,585$3,001,533$1,248,925$10,463,081
85$22,339,734$3,008,000$1,150,156$11,297,617
86$24,473,349$3,010,354$1,043,649$12,214,006
87$26,820,025$3,008,255$929,004$13,220,659
88$29,401,349$3,001,341$805,807$14,326,852
89$32,241,106$2,989,227$673,622$15,542,818
90$35,365,505$2,971,505$531,994$16,879,843
91$38,803,420$2,947,742$380,450$18,350,375
92$42,586,668$2,917,480$218,494$19,968,143
93$46,750,304$2,880,232$45,609$21,748,288
94$51,332,954$2,835,483$0$23,707,508
95$56,377,179$2,782,686$0$25,898,304
96$61,929,876$2,721,262$0$28,321,059
97$68,042,717$2,650,598$0$30,987,107
98$74,772,643$2,570,045$0$33,921,294
99$82,182,392$2,478,917$0$37,151,008
100$90,341,098$2,376,486$0$40,706,439