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%18.4%
1 years$152,771$151,410$150,083$148,787$147,522$142,514
2 years$75,629$74,221$72,856$71,532$70,248$65,254
3 years$49,919$48,504$47,142$45,831$44,568$39,743
4 years$37,066$35,656$34,308$33,019$31,787$27,168
5 years$29,356$27,954$26,624$25,362$24,164$19,764
6 years$24,218$22,827$21,516$20,282$19,120$14,942
7 years$20,550$19,170$17,880$16,675$15,550$11,594
8 years$17,799$16,432$15,164$13,988$12,900$9,162
9 years$15,661$14,307$13,061$11,915$10,864$7,340
10 years$13,952$12,611$11,386$10,271$9,256$5,941
11 years$12,554$11,227$10,024$8,939$7,961$4,847
12 years$11,391$10,077$8,896$7,840$6,899$3,979
13 years$10,407$9,106$7,948$6,922$6,016$3,284
14 years$9,564$8,277$7,142$6,144$5,273$2,720
15 years$8,834$7,562$6,448$5,480$4,643$2,261
16 years$8,196$6,938$5,846$4,907$4,104$1,884
17 years$7,634$6,389$5,320$4,408$3,638$1,574
18 years$7,135$5,904$4,856$3,973$3,235$1,317
19 years$6,689$5,472$4,446$3,590$2,884$1,104
20 years$6,288$5,085$4,080$3,251$2,576$926
21 years$5,925$4,736$3,753$2,951$2,305$778
22 years$5,596$4,421$3,459$2,683$2,066$654
23 years$5,296$4,135$3,194$2,443$1,855$550
24 years$5,022$3,874$2,953$2,229$1,667$463
25 years$4,770$3,636$2,736$2,035$1,500$390
26 years$4,537$3,417$2,537$1,861$1,351$329
27 years$4,322$3,216$2,356$1,703$1,218$277
28 years$4,123$3,030$2,190$1,561$1,099$234
29 years$3,938$2,859$2,038$1,431$993$197
30 years$3,766$2,700$1,898$1,313$897$166
31 years$3,605$2,552$1,770$1,206$811$140
32 years$3,454$2,415$1,651$1,109$733$118
33 years$3,313$2,287$1,542$1,019$664$100
34 years$3,180$2,167$1,441$938$601$84
35 years$3,056$2,056$1,347$863$544$71
36 years$2,938$1,951$1,260$795$493$60
37 years$2,827$1,853$1,179$733$447$51
38 years$2,722$1,761$1,104$675$405$43
39 years$2,623$1,675$1,035$623$367$36
40 years$2,529$1,593$970$574$333$31
41 years$2,440$1,517$909$530$302$26
42 years$2,355$1,444$853$489$274$22
43 years$2,275$1,376$800$451$249$18
44 years$2,198$1,312$751$417$226$16
45 years$2,125$1,251$705$385$205$13
46 years$2,055$1,193$663$356$186$11
47 years$1,989$1,139$622$329$169$9
48 years$1,925$1,087$585$304$154$8
49 years$1,864$1,038$550$281$140$7
50 years$1,806$992$517$259$127$6

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 $6,014 every year, while hoping to spend $31,290 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: 66/9/25 Blend
56$1,850,000$1,850,000$1,850,000$1,850,000
57$2,044,903$1,946,853$1,918,178$2,166,214
58$2,220,191$2,008,957$1,949,145$2,310,732
59$2,412,310$2,073,055$1,980,100$2,464,598
60$2,622,943$2,139,212$2,011,011$2,632,114
61$2,853,944$2,207,495$2,041,841$2,814,628
62$3,107,357$2,277,972$2,072,553$3,013,621
63$3,385,431$2,350,716$2,103,107$3,230,727
64$3,690,643$2,425,800$2,133,460$3,467,743
65$4,025,724$2,503,299$2,163,566$3,726,651
66$4,393,680$2,583,293$2,193,378$4,009,632
67$4,797,824$2,665,863$2,222,845$4,319,091
68$5,241,804$2,751,093$2,251,912$4,657,674
69$5,729,640$2,839,068$2,280,523$5,028,300
70$6,265,761$2,929,879$2,308,618$5,434,181
71$6,855,043$3,023,619$2,336,132$5,878,859
72$7,502,864$3,120,382$2,362,998$6,366,235
73$8,215,143$3,220,268$2,389,145$6,900,605
74$8,998,405$3,323,378$2,414,499$7,486,706
75$9,859,836$3,429,818$2,438,979$8,129,755
76$10,807,357$3,539,697$2,462,503$8,835,500
77$11,849,693$3,653,127$2,484,982$9,610,275
78$12,996,456$3,770,225$2,506,323$10,461,060
79$14,258,239$3,891,111$2,526,429$11,395,544
80$15,646,713$4,015,908$2,545,198$12,422,201
81$17,174,736$4,144,746$2,562,520$13,550,368
82$18,856,477$4,277,757$2,578,283$14,790,334
83$20,707,548$4,415,077$2,592,366$16,153,435
84$22,745,152$4,556,849$2,604,644$17,652,164
85$24,988,242$4,703,220$2,614,984$19,300,287
86$27,457,704$4,854,339$2,623,248$21,112,973
87$30,176,553$5,010,364$2,629,289$23,106,937
88$33,170,146$5,171,457$2,632,955$25,300,599
89$36,466,426$5,337,784$2,634,084$27,714,258
90$40,096,185$5,509,518$2,632,509$30,370,280
91$44,093,349$5,686,838$2,628,052$33,293,313
92$48,495,306$5,869,928$2,620,527$36,510,519
93$53,343,252$6,058,980$2,609,739$40,051,830
94$58,682,583$6,254,190$2,595,485$43,950,228
95$64,563,324$6,455,762$2,577,551$48,242,061
96$71,040,596$6,663,907$2,555,712$52,967,384
97$78,175,142$6,878,844$2,529,733$58,170,335
98$86,033,896$7,100,797$2,499,369$63,899,555
99$94,690,617$7,330,000$2,464,362$70,208,646
100$104,226,584$7,566,694$2,424,442$77,156,677