Can I retire at age 57 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$157,726$156,321$154,950$153,612$152,306$146,961
2 years$78,082$76,628$75,219$73,852$72,527$67,197
3 years$51,538$50,077$48,671$47,318$46,014$40,868
4 years$38,268$36,812$35,420$34,090$32,818$27,895
5 years$30,308$28,861$27,488$26,184$24,947$20,260
6 years$25,004$23,567$22,214$20,940$19,740$15,292
7 years$21,216$19,792$18,460$17,216$16,054$11,845
8 years$18,377$16,965$15,656$14,442$13,318$9,344
9 years$16,169$14,771$13,484$12,301$11,216$7,472
10 years$14,405$13,020$11,756$10,604$9,557$6,036
11 years$12,962$11,591$10,350$9,228$8,219$4,915
12 years$11,760$10,404$9,185$8,095$7,122$4,027
13 years$10,744$9,402$8,206$7,146$6,211$3,316
14 years$9,874$8,546$7,373$6,344$5,444$2,742
15 years$9,121$7,807$6,657$5,657$4,794$2,274
16 years$8,462$7,163$6,036$5,066$4,237$1,891
17 years$7,882$6,597$5,492$4,551$3,756$1,576
18 years$7,366$6,095$5,014$4,102$3,340$1,316
19 years$6,906$5,649$4,590$3,706$2,977$1,100
20 years$6,491$5,250$4,212$3,357$2,659$921
21 years$6,117$4,890$3,874$3,046$2,380$772
22 years$5,778$4,564$3,571$2,770$2,133$648
23 years$5,468$4,269$3,297$2,523$1,915$543
24 years$5,185$4,000$3,049$2,301$1,721$456
25 years$4,924$3,754$2,824$2,101$1,549$384
26 years$4,684$3,528$2,619$1,921$1,395$322
27 years$4,463$3,320$2,432$1,759$1,258$271
28 years$4,257$3,128$2,261$1,611$1,135$228
29 years$4,066$2,951$2,104$1,478$1,025$192
30 years$3,888$2,787$1,960$1,356$926$161
31 years$3,722$2,635$1,827$1,245$837$136
32 years$3,566$2,493$1,705$1,145$757$114
33 years$3,421$2,361$1,592$1,052$685$96
34 years$3,284$2,238$1,487$968$620$81
35 years$3,155$2,122$1,391$891$562$68
36 years$3,034$2,014$1,301$821$509$58
37 years$2,919$1,913$1,218$756$461$48
38 years$2,811$1,818$1,140$697$418$41
39 years$2,708$1,729$1,068$643$379$34
40 years$2,611$1,645$1,001$593$344$29
41 years$2,519$1,566$939$547$312$24
42 years$2,432$1,491$881$505$283$21
43 years$2,349$1,421$826$466$257$17
44 years$2,269$1,354$776$430$233$15
45 years$2,194$1,292$728$397$212$12
46 years$2,122$1,232$684$367$192$10
47 years$2,053$1,176$643$339$175$9
48 years$1,988$1,122$604$313$159$7
49 years$1,925$1,072$568$290$144$6
50 years$1,865$1,024$534$268$131$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,910,000, adding $2,619 every year, while hoping to spend $22,115 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: 54/18/28 Blend
56$1,910,000$1,910,000$1,910,000$1,910,000
57$2,107,521$2,006,291$1,976,686$2,204,787
58$2,298,959$2,081,070$2,019,375$2,347,103
59$2,509,181$2,158,771$2,062,753$2,499,480
60$2,740,081$2,239,514$2,106,819$2,664,939
61$2,993,745$2,323,426$2,151,573$2,844,742
62$3,272,469$2,410,636$2,197,013$3,040,281
63$3,578,784$2,501,280$2,243,136$3,253,086
64$3,915,477$2,595,500$2,289,938$3,484,844
65$4,285,620$2,693,444$2,337,415$3,737,407
66$4,692,597$2,795,266$2,385,562$4,012,817
67$5,140,136$2,901,128$2,434,372$4,313,321
68$5,632,343$3,011,197$2,483,838$4,641,393
69$6,173,746$3,125,649$2,533,949$4,999,757
70$6,769,328$3,244,666$2,584,697$5,391,411
71$7,424,585$3,368,440$2,636,070$5,819,657
72$8,145,568$3,497,170$2,688,054$6,288,131
73$8,938,948$3,631,063$2,740,636$6,800,837
74$9,812,072$3,770,336$2,793,798$7,362,184
75$10,773,038$3,915,217$2,847,525$7,977,029
76$11,830,766$4,065,941$2,901,795$8,650,718
77$12,995,087$4,222,755$2,956,588$9,389,143
78$14,276,832$4,385,916$3,011,881$10,198,790
79$15,687,938$4,555,695$3,067,647$11,086,807
80$17,241,554$4,732,371$3,123,860$12,061,065
81$18,952,174$4,916,237$3,180,490$13,130,232
82$20,835,763$5,107,601$3,237,504$14,303,862
83$22,909,919$5,306,781$3,294,868$15,592,474
84$25,194,028$5,514,112$3,352,545$17,007,658
85$27,709,457$5,729,941$3,410,493$18,562,183
86$30,479,748$5,954,634$3,468,670$20,270,115
87$33,530,841$6,188,570$3,527,030$22,146,949
88$36,891,325$6,432,148$3,585,523$24,209,758
89$40,592,698$6,685,781$3,644,096$26,477,350
90$44,669,672$6,949,904$3,702,693$28,970,446
91$49,160,499$7,224,969$3,761,252$31,711,878
92$54,107,327$7,511,449$3,819,712$34,726,797
93$59,556,603$7,809,840$3,878,002$38,042,919
94$65,559,512$8,120,657$3,936,050$41,690,777
95$72,172,453$8,444,440$3,993,778$45,704,015
96$79,457,580$8,781,754$4,051,106$50,119,700
97$87,483,380$9,133,187$4,107,946$54,978,676
98$96,325,328$9,499,357$4,164,205$60,325,944
99$106,066,592$9,880,905$4,219,786$66,211,092
100$116,798,821$10,278,507$4,274,586$72,688,753