Can I retire at age 57 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$151,945$150,592$149,272$147,983$146,724$143,586
2 years$75,221$73,820$72,462$71,146$69,869$66,722
3 years$49,649$48,242$46,888$45,584$44,328$41,271
4 years$36,866$35,463$34,122$32,840$31,615$28,672
5 years$29,198$27,803$26,480$25,225$24,033$21,212
6 years$24,087$22,704$21,400$20,172$19,017$16,320
7 years$20,438$19,066$17,783$16,585$15,466$12,895
8 years$17,703$16,343$15,082$13,913$12,830$10,384
9 years$15,577$14,230$12,990$11,850$10,805$8,481
10 years$13,877$12,543$11,325$10,215$9,206$7,003
11 years$12,487$11,166$9,970$8,890$7,918$5,832
12 years$11,329$10,022$8,848$7,798$6,861$4,890
13 years$10,350$9,057$7,905$6,884$5,983$4,123
14 years$9,512$8,233$7,103$6,111$5,245$3,492
15 years$8,786$7,521$6,413$5,450$4,618$2,969
16 years$8,152$6,900$5,814$4,880$4,081$2,531
17 years$7,593$6,355$5,291$4,385$3,619$2,164
18 years$7,096$5,872$4,830$3,951$3,218$1,855
19 years$6,652$5,442$4,422$3,570$2,868$1,592
20 years$6,254$5,057$4,058$3,234$2,562$1,369
21 years$5,893$4,711$3,732$2,935$2,292$1,178
22 years$5,566$4,397$3,440$2,668$2,055$1,016
23 years$5,268$4,113$3,176$2,430$1,845$876
24 years$4,995$3,853$2,938$2,216$1,658$757
25 years$4,744$3,616$2,721$2,024$1,492$654
26 years$4,513$3,398$2,523$1,851$1,344$565
27 years$4,299$3,198$2,343$1,694$1,212$489
28 years$4,101$3,014$2,178$1,552$1,093$423
29 years$3,917$2,843$2,027$1,423$987$366
30 years$3,745$2,685$1,888$1,306$892$317
31 years$3,585$2,538$1,760$1,200$806$275
32 years$3,436$2,402$1,642$1,103$729$238
33 years$3,295$2,274$1,533$1,014$660$207
34 years$3,163$2,156$1,433$933$598$179
35 years$3,039$2,045$1,340$859$541$155
36 years$2,922$1,941$1,253$791$491$135
37 years$2,812$1,843$1,173$729$445$117
38 years$2,708$1,752$1,098$672$403$101
39 years$2,609$1,666$1,029$619$365$88
40 years$2,516$1,585$965$571$332$76
41 years$2,427$1,509$904$527$301$66
42 years$2,343$1,437$848$486$273$57
43 years$2,262$1,369$796$449$248$50
44 years$2,186$1,305$747$415$225$43
45 years$2,114$1,244$702$383$204$38
46 years$2,044$1,187$659$354$185$33
47 years$1,978$1,133$619$327$168$28
48 years$1,915$1,081$582$302$153$25
49 years$1,854$1,033$547$279$139$21
50 years$1,796$986$514$258$126$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,840,000, adding $5,307 every year, while hoping to spend $24,794 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: 35/39/26 Blend
56$1,840,000$1,840,000$1,840,000$1,840,000
57$2,033,154$1,935,634$1,907,114$2,088,188
58$2,214,155$2,004,100$1,944,622$2,198,112
59$2,412,787$2,075,089$1,982,555$2,314,013
60$2,630,823$2,148,699$2,020,902$2,438,582
61$2,870,214$2,225,033$2,059,649$2,572,612
62$3,133,111$2,304,194$2,098,782$2,716,971
63$3,421,883$2,386,294$2,138,286$2,872,613
64$3,739,138$2,471,447$2,178,142$3,040,586
65$4,087,754$2,559,770$2,218,333$3,222,045
66$4,470,895$2,651,390$2,258,838$3,418,254
67$4,892,052$2,746,433$2,299,634$3,630,608
68$5,355,068$2,845,035$2,340,699$3,860,636
69$5,864,179$2,947,336$2,382,006$4,110,024
70$6,424,050$3,053,480$2,423,528$4,380,623
71$7,039,822$3,163,620$2,465,236$4,674,469
72$7,717,160$3,277,913$2,507,097$4,993,804
73$8,462,303$3,396,524$2,549,078$5,341,093
74$9,282,127$3,519,623$2,591,141$5,719,047
75$10,184,209$3,647,389$2,633,249$6,130,652
76$11,176,895$3,780,008$2,675,360$6,579,192
77$12,269,383$3,917,673$2,717,429$7,068,281
78$13,471,806$4,060,586$2,759,409$7,601,899
79$14,795,332$4,208,956$2,801,251$8,184,423
80$16,252,263$4,363,002$2,842,900$8,820,677
81$17,856,157$4,522,952$2,884,301$9,515,965
82$19,621,953$4,689,045$2,925,392$10,276,132
83$21,566,110$4,861,526$2,966,111$11,107,610
84$23,706,768$5,040,655$3,006,390$12,017,483
85$26,063,911$5,226,700$3,046,157$13,013,550
86$28,659,562$5,419,941$3,085,336$14,104,399
87$31,517,990$5,620,670$3,123,847$15,299,490
88$34,665,935$5,829,193$3,161,606$16,609,236
89$38,132,864$6,045,826$3,198,523$18,045,111
90$41,951,245$6,270,901$3,234,503$19,619,748
91$46,156,860$6,504,763$3,269,446$21,347,060
92$50,789,134$6,747,772$3,303,247$23,242,376
93$55,891,516$7,000,302$3,335,796$25,322,575
94$61,511,880$7,262,746$3,366,974$27,606,252
95$67,702,983$7,535,512$3,396,659$30,113,889
96$74,522,960$7,819,025$3,424,721$32,868,049
97$82,035,875$8,113,731$3,451,022$35,893,586
98$90,312,322$8,420,091$3,475,419$39,217,879
99$99,430,093$8,738,590$3,497,759$42,871,091
100$109,474,913$9,069,731$3,517,885$46,886,447