Can I retire at age 57 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$155,249$153,866$152,517$151,200$149,914$146,409
2 years$76,856$75,424$74,037$72,692$71,388$67,876
3 years$50,728$49,291$47,907$46,575$45,291$41,883
4 years$37,667$36,234$34,864$33,554$32,302$29,024
5 years$29,832$28,408$27,056$25,773$24,556$21,416
6 years$24,611$23,197$21,865$20,611$19,430$16,432
7 years$20,883$19,481$18,170$16,945$15,802$12,947
8 years$18,088$16,699$15,410$14,215$13,109$10,395
9 years$15,915$14,539$13,272$12,108$11,040$8,465
10 years$14,178$12,816$11,571$10,437$9,406$6,968
11 years$12,758$11,409$10,187$9,084$8,090$5,785
12 years$11,575$10,240$9,041$7,967$7,010$4,835
13 years$10,575$9,254$8,077$7,034$6,113$4,063
14 years$9,719$8,412$7,257$6,244$5,359$3,429
15 years$8,977$7,684$6,553$5,569$4,718$2,905
16 years$8,329$7,050$5,941$4,986$4,170$2,469
17 years$7,758$6,493$5,406$4,480$3,697$2,103
18 years$7,250$6,000$4,935$4,037$3,288$1,795
19 years$6,797$5,560$4,518$3,648$2,930$1,535
20 years$6,390$5,167$4,146$3,304$2,617$1,315
21 years$6,021$4,813$3,814$2,999$2,342$1,128
22 years$5,687$4,493$3,515$2,726$2,100$968
23 years$5,382$4,202$3,245$2,483$1,885$832
24 years$5,103$3,937$3,001$2,265$1,694$716
25 years$4,847$3,695$2,780$2,068$1,524$616
26 years$4,611$3,472$2,578$1,891$1,373$531
27 years$4,392$3,268$2,394$1,731$1,238$457
28 years$4,190$3,079$2,226$1,586$1,117$394
29 years$4,002$2,905$2,071$1,454$1,009$340
30 years$3,827$2,743$1,929$1,335$911$293
31 years$3,663$2,593$1,799$1,226$824$253
32 years$3,510$2,454$1,678$1,127$745$218
33 years$3,367$2,324$1,567$1,036$675$188
34 years$3,232$2,203$1,464$953$611$163
35 years$3,105$2,089$1,369$877$553$140
36 years$2,986$1,983$1,280$808$501$121
37 years$2,873$1,883$1,198$745$454$105
38 years$2,767$1,790$1,122$686$412$90
39 years$2,666$1,702$1,051$633$373$78
40 years$2,570$1,619$985$584$339$68
41 years$2,480$1,541$924$538$307$58
42 years$2,394$1,468$867$497$279$50
43 years$2,312$1,399$813$459$253$44
44 years$2,234$1,333$764$424$230$38
45 years$2,159$1,271$717$391$209$33
46 years$2,089$1,213$673$361$189$28
47 years$2,021$1,157$633$334$172$24
48 years$1,956$1,105$594$308$156$21
49 years$1,895$1,055$559$285$142$18
50 years$1,836$1,008$525$264$129$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,880,000, adding $6,706 every year, while hoping to spend $35,236 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: 50/25/25 Blend
56$1,880,000$1,880,000$1,880,000$1,880,000
57$2,078,677$1,979,037$1,949,897$2,167,663
58$2,253,211$2,038,519$1,977,728$2,289,802
59$2,444,367$2,099,735$2,005,310$2,418,394
60$2,653,803$2,162,732$2,032,598$2,557,451
61$2,883,344$2,227,559$2,059,544$2,707,982
62$3,135,003$2,294,267$2,086,096$2,871,093
63$3,410,993$2,362,907$2,112,200$3,048,005
64$3,713,756$2,433,530$2,137,800$3,240,062
65$4,045,978$2,506,192$2,162,836$3,448,742
66$4,410,620$2,580,947$2,187,242$3,675,675
67$4,810,941$2,657,852$2,210,953$3,922,655
68$5,250,534$2,736,964$2,233,897$4,191,657
69$5,733,355$2,818,341$2,255,999$4,484,859
70$6,263,762$2,902,045$2,277,180$4,804,657
71$6,846,558$2,988,138$2,297,358$5,153,691
72$7,487,031$3,076,681$2,316,444$5,534,870
73$8,191,010$3,167,740$2,334,346$5,951,399
74$8,964,914$3,261,380$2,350,968$6,406,806
75$9,815,816$3,357,669$2,366,206$6,904,982
76$10,751,510$3,456,675$2,379,955$7,450,209
77$11,780,581$3,558,469$2,392,100$8,047,208
78$12,912,488$3,663,121$2,402,523$8,701,179
79$14,157,653$3,770,706$2,411,099$9,417,852
80$15,527,560$3,881,297$2,417,697$10,203,541
81$17,034,861$3,994,971$2,422,180$11,065,201
82$18,693,497$4,111,804$2,424,403$12,010,496
83$20,518,828$4,231,877$2,424,215$13,047,871
84$22,527,779$4,355,269$2,421,456$14,186,633
85$24,738,997$4,482,062$2,415,959$15,437,035
86$27,173,031$4,612,339$2,407,550$16,810,376
87$29,852,522$4,746,186$2,396,045$18,319,106
88$32,802,418$4,883,688$2,381,252$19,976,944
89$36,050,210$5,024,933$2,362,969$21,799,009
90$39,626,187$5,170,011$2,340,984$23,801,960
91$43,563,728$5,319,011$2,315,077$26,004,155
92$47,899,611$5,472,026$2,285,015$28,425,824
93$52,674,365$5,629,149$2,250,557$31,089,258
94$57,932,647$5,790,474$2,211,447$34,019,025
95$63,723,668$5,956,097$2,167,421$37,242,194
96$70,101,651$6,126,116$2,118,199$40,788,599
97$77,126,351$6,300,627$2,063,491$44,691,114
98$84,863,613$6,479,731$2,002,991$48,985,967
99$93,385,991$6,663,528$1,936,381$53,713,081
100$102,773,441$6,852,119$1,863,328$58,916,450