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%16.5%
1 years$164,332$162,869$161,440$160,046$158,685$154,473
2 years$81,353$79,838$78,369$76,945$75,564$71,350
3 years$53,696$52,175$50,710$49,300$47,941$43,857
4 years$39,871$38,354$36,904$35,518$34,192$30,269
5 years$31,578$30,070$28,639$27,281$25,992$22,241
6 years$26,051$24,554$23,145$21,817$20,567$16,991
7 years$22,105$20,621$19,233$17,937$16,726$13,326
8 years$19,146$17,676$16,311$15,047$13,876$10,650
9 years$16,847$15,390$14,049$12,816$11,686$8,631
10 years$15,008$13,565$12,248$11,048$9,957$7,070
11 years$13,504$12,077$10,783$9,615$8,563$5,839
12 years$12,253$10,839$9,570$8,434$7,421$4,854
13 years$11,194$9,796$8,550$7,446$6,471$4,057
14 years$10,288$8,904$7,682$6,609$5,672$3,406
15 years$9,503$8,134$6,936$5,894$4,994$2,869
16 years$8,816$7,463$6,288$5,278$4,414$2,424
17 years$8,212$6,873$5,722$4,742$3,914$2,053
18 years$7,675$6,351$5,224$4,274$3,480$1,743
19 years$7,195$5,886$4,782$3,862$3,102$1,481
20 years$6,763$5,469$4,389$3,497$2,771$1,261
21 years$6,374$5,095$4,037$3,174$2,479$1,075
22 years$6,020$4,756$3,720$2,886$2,222$917
23 years$5,697$4,448$3,435$2,628$1,995$783
24 years$5,402$4,167$3,177$2,397$1,793$670
25 years$5,131$3,911$2,943$2,189$1,614$573
26 years$4,881$3,676$2,729$2,002$1,453$490
27 years$4,649$3,459$2,534$1,832$1,310$419
28 years$4,435$3,259$2,356$1,679$1,182$359
29 years$4,236$3,075$2,192$1,539$1,068$308
30 years$4,051$2,904$2,042$1,413$965$264
31 years$3,878$2,745$1,904$1,298$872$226
32 years$3,716$2,598$1,776$1,192$789$194
33 years$3,564$2,460$1,658$1,097$714$166
34 years$3,421$2,331$1,550$1,009$646$142
35 years$3,287$2,211$1,449$929$586$122
36 years$3,161$2,099$1,355$855$530$105
37 years$3,041$1,993$1,269$788$481$90
38 years$2,928$1,894$1,188$726$436$77
39 years$2,822$1,801$1,113$670$395$66
40 years$2,721$1,714$1,043$618$359$57
41 years$2,625$1,632$978$570$325$49
42 years$2,534$1,554$918$526$295$42
43 years$2,447$1,480$861$486$268$36
44 years$2,364$1,411$808$448$243$31
45 years$2,286$1,346$759$414$221$26
46 years$2,211$1,284$713$382$200$23
47 years$2,139$1,225$670$353$182$19
48 years$2,071$1,170$629$327$165$17
49 years$2,006$1,117$591$302$150$14
50 years$1,943$1,067$556$279$136$12

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 $5,053 every year, while hoping to spend $44,904 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: 49/30/21 Blend
56$1,990,000$1,990,000$1,990,000$1,990,000
57$2,198,192$2,092,722$2,061,877$2,292,685
58$2,374,630$2,147,488$2,083,173$2,413,615
59$2,567,560$2,203,432$2,103,676$2,539,957
60$2,778,616$2,260,566$2,123,315$2,676,276
61$3,009,599$2,318,897$2,142,009$2,823,532
62$3,262,490$2,378,435$2,159,679$2,982,778
63$3,539,472$2,439,187$2,176,236$3,155,177
64$3,842,949$2,501,158$2,191,591$3,342,009
65$4,175,568$2,564,353$2,205,647$3,544,685
66$4,540,244$2,628,774$2,218,305$3,764,757
67$4,940,189$2,694,423$2,229,457$4,003,938
68$5,378,938$2,761,300$2,238,994$4,264,112
69$5,860,387$2,829,401$2,246,798$4,547,358
70$6,388,827$2,898,723$2,252,746$4,855,963
71$6,968,985$2,969,257$2,256,710$5,192,450
72$7,606,066$3,040,996$2,258,555$5,559,600
73$8,305,806$3,113,926$2,258,138$5,960,473
74$9,074,523$3,188,033$2,255,311$6,398,444
75$9,919,178$3,263,300$2,249,917$6,877,234
76$10,847,437$3,339,705$2,241,792$7,400,939
77$11,867,749$3,417,223$2,230,765$7,974,078
78$12,989,419$3,495,827$2,216,656$8,601,627
79$14,222,702$3,575,485$2,199,276$9,289,071
80$15,578,892$3,656,158$2,178,426$10,042,457
81$17,070,437$3,737,808$2,153,901$10,868,447
82$18,711,047$3,820,386$2,125,483$11,774,384
83$20,515,832$3,903,843$2,092,945$12,768,361
84$22,501,437$3,988,122$2,056,048$13,859,297
85$24,686,203$4,073,159$2,014,545$15,057,022
86$27,090,338$4,158,886$1,968,175$16,372,371
87$29,736,109$4,245,228$1,916,665$17,817,283
88$32,648,048$4,332,100$1,859,730$19,404,919
89$35,853,190$4,419,414$1,797,071$21,149,784
90$39,381,319$4,507,069$1,728,377$23,067,861
91$43,265,258$4,594,959$1,653,322$25,176,771
92$47,541,170$4,682,968$1,571,564$27,495,930
93$52,248,905$4,770,969$1,482,747$30,046,741
94$57,432,373$4,858,827$1,386,498$32,852,789
95$63,139,958$4,946,392$1,282,429$35,940,070
96$69,424,975$5,033,507$1,170,133$39,337,237
97$76,346,174$5,120,000$1,049,183$43,075,866
98$83,968,290$5,205,687$919,137$47,190,759
99$92,362,659$5,290,369$779,532$51,720,273
100$101,607,886$5,373,832$629,881$56,706,682