Can I retire at age 57 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$152,771$151,410$150,083$148,787$147,522$145,678
2 years$75,629$74,221$72,856$71,532$70,248$68,394
3 years$49,919$48,504$47,142$45,831$44,568$42,760
4 years$37,066$35,656$34,308$33,019$31,787$30,038
5 years$29,356$27,954$26,624$25,362$24,164$22,480
6 years$24,218$22,827$21,516$20,282$19,120$17,504
7 years$20,550$19,170$17,880$16,675$15,550$14,001
8 years$17,799$16,432$15,164$13,988$12,900$11,419
9 years$15,661$14,307$13,061$11,915$10,864$9,450
10 years$13,952$12,611$11,386$10,271$9,256$7,909
11 years$12,554$11,227$10,024$8,939$7,961$6,678
12 years$11,391$10,077$8,896$7,840$6,899$5,679
13 years$10,407$9,106$7,948$6,922$6,016$4,858
14 years$9,564$8,277$7,142$6,144$5,273$4,176
15 years$8,834$7,562$6,448$5,480$4,643$3,604
16 years$8,196$6,938$5,846$4,907$4,104$3,121
17 years$7,634$6,389$5,320$4,408$3,638$2,711
18 years$7,135$5,904$4,856$3,973$3,235$2,360
19 years$6,689$5,472$4,446$3,590$2,884$2,059
20 years$6,288$5,085$4,080$3,251$2,576$1,800
21 years$5,925$4,736$3,753$2,951$2,305$1,575
22 years$5,596$4,421$3,459$2,683$2,066$1,381
23 years$5,296$4,135$3,194$2,443$1,855$1,212
24 years$5,022$3,874$2,953$2,229$1,667$1,065
25 years$4,770$3,636$2,736$2,035$1,500$936
26 years$4,537$3,417$2,537$1,861$1,351$824
27 years$4,322$3,216$2,356$1,703$1,218$725
28 years$4,123$3,030$2,190$1,561$1,099$639
29 years$3,938$2,859$2,038$1,431$993$563
30 years$3,766$2,700$1,898$1,313$897$497
31 years$3,605$2,552$1,770$1,206$811$438
32 years$3,454$2,415$1,651$1,109$733$387
33 years$3,313$2,287$1,542$1,019$664$342
34 years$3,180$2,167$1,441$938$601$302
35 years$3,056$2,056$1,347$863$544$266
36 years$2,938$1,951$1,260$795$493$235
37 years$2,827$1,853$1,179$733$447$208
38 years$2,722$1,761$1,104$675$405$184
39 years$2,623$1,675$1,035$623$367$163
40 years$2,529$1,593$970$574$333$144
41 years$2,440$1,517$909$530$302$127
42 years$2,355$1,444$853$489$274$112
43 years$2,275$1,376$800$451$249$99
44 years$2,198$1,312$751$417$226$88
45 years$2,125$1,251$705$385$205$78
46 years$2,055$1,193$663$356$186$69
47 years$1,989$1,139$622$329$169$61
48 years$1,925$1,087$585$304$154$54
49 years$1,864$1,038$550$281$140$48
50 years$1,806$992$517$259$127$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,850,000, adding $5,019 every year, while hoping to spend $44,312 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: 39/40/21 Blend
56$1,850,000$1,850,000$1,850,000$1,850,000
57$2,043,877$1,945,827$1,917,152$2,110,632
58$2,205,205$1,994,025$1,934,229$2,207,373
59$2,381,503$2,043,099$1,950,393$2,307,340
60$2,574,252$2,093,047$1,965,566$2,414,533
61$2,785,080$2,143,861$1,979,668$2,529,630
62$3,015,784$2,195,535$1,992,612$2,653,382
63$3,268,338$2,248,060$2,004,308$2,786,614
64$3,544,918$2,301,425$2,014,662$2,930,237
65$3,847,920$2,355,615$2,023,574$3,085,252
66$4,179,983$2,410,616$2,030,939$3,252,766
67$4,544,013$2,466,408$2,036,648$3,433,994
68$4,943,211$2,522,971$2,040,584$3,630,280
69$5,381,103$2,580,280$2,042,627$3,843,102
70$5,861,570$2,638,308$2,042,650$4,074,089
71$6,388,889$2,697,025$2,040,518$4,325,039
72$6,967,773$2,756,397$2,036,093$4,597,931
73$7,603,411$2,816,385$2,029,227$4,894,948
74$8,301,518$2,876,947$2,019,765$5,218,496
75$9,068,393$2,938,038$2,007,548$5,571,228
76$9,910,973$2,999,605$1,992,404$5,956,066
77$10,836,901$3,061,595$1,974,159$6,376,235
78$11,854,597$3,123,944$1,952,624$6,835,286
79$12,973,335$3,186,587$1,927,607$7,337,136
80$14,203,337$3,249,451$1,898,903$7,886,103
81$15,555,860$3,312,457$1,866,299$8,486,947
82$17,043,310$3,375,520$1,829,572$9,144,914
83$18,679,353$3,438,546$1,788,489$9,865,790
84$20,479,048$3,501,436$1,742,804$10,655,950
85$22,458,985$3,564,081$1,692,263$11,522,425
86$24,637,445$3,626,364$1,636,597$12,472,965
87$27,034,569$3,688,160$1,575,527$13,516,111
88$29,672,549$3,749,333$1,508,761$14,661,282
89$32,575,836$3,809,739$1,435,992$15,918,860
90$35,771,375$3,869,219$1,356,901$17,300,289
91$39,288,852$3,927,608$1,271,154$18,818,186
92$43,160,979$3,984,724$1,178,402$20,486,459
93$47,423,800$4,040,377$1,078,279$22,320,438
94$52,117,031$4,094,359$970,405$24,337,026
95$57,284,435$4,146,450$854,381$26,554,850
96$62,974,237$4,196,415$729,791$28,994,449
97$69,239,571$4,244,001$596,202$31,678,459
98$76,138,992$4,288,942$453,159$34,631,834
99$83,737,019$4,330,950$300,189$37,882,082
100$92,104,747$4,369,719$136,798$41,459,522