Can I retire at age 57 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$158,552$157,140$155,762$154,417$153,103$146,971
2 years$78,491$77,029$75,612$74,239$72,906$66,805
3 years$51,808$50,339$48,926$47,566$46,255$40,377
4 years$38,468$37,005$35,606$34,268$32,989$27,379
5 years$30,467$29,012$27,632$26,321$25,078$19,750
6 years$25,135$23,691$22,330$21,049$19,843$14,801
7 years$21,327$19,895$18,557$17,306$16,138$11,379
8 years$18,473$17,054$15,738$14,517$13,388$8,908
9 years$16,254$14,849$13,555$12,366$11,275$7,066
10 years$14,480$13,088$11,817$10,659$9,607$5,662
11 years$13,029$11,652$10,404$9,277$8,262$4,571
12 years$11,822$10,458$9,233$8,137$7,160$3,713
13 years$10,800$9,451$8,249$7,184$6,243$3,031
14 years$9,926$8,591$7,412$6,377$5,473$2,483
15 years$9,168$7,848$6,692$5,687$4,819$2,040
16 years$8,506$7,200$6,067$5,092$4,259$1,681
17 years$7,923$6,631$5,521$4,575$3,776$1,387
18 years$7,405$6,127$5,040$4,123$3,358$1,147
19 years$6,942$5,679$4,614$3,726$2,993$950
20 years$6,525$5,277$4,234$3,374$2,673$787
21 years$6,149$4,915$3,895$3,062$2,392$653
22 years$5,808$4,588$3,590$2,784$2,144$542
23 years$5,497$4,291$3,314$2,536$1,925$451
24 years$5,212$4,021$3,065$2,313$1,730$374
25 years$4,950$3,773$2,839$2,112$1,557$311
26 years$4,709$3,546$2,633$1,931$1,402$259
27 years$4,486$3,337$2,445$1,768$1,264$216
28 years$4,279$3,145$2,273$1,620$1,141$179
29 years$4,087$2,967$2,115$1,485$1,030$149
30 years$3,908$2,802$1,970$1,363$931$124
31 years$3,741$2,649$1,837$1,252$841$104
32 years$3,585$2,506$1,714$1,151$761$86
33 years$3,438$2,373$1,600$1,058$689$72
34 years$3,301$2,249$1,495$973$624$60
35 years$3,171$2,134$1,398$896$565$50
36 years$3,049$2,025$1,308$825$512$42
37 years$2,934$1,923$1,224$760$464$35
38 years$2,825$1,828$1,146$701$421$29
39 years$2,723$1,738$1,074$646$381$24
40 years$2,625$1,654$1,006$596$346$20
41 years$2,532$1,574$944$550$314$17
42 years$2,444$1,499$885$508$285$14
43 years$2,361$1,428$831$469$258$12
44 years$2,281$1,362$780$433$235$10
45 years$2,205$1,298$732$400$213$8
46 years$2,133$1,239$688$369$193$7
47 years$2,064$1,182$646$341$176$6
48 years$1,998$1,128$607$315$159$5
49 years$1,935$1,078$571$291$145$4
50 years$1,875$1,029$536$269$132$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,920,000, adding $4,270 every year, while hoping to spend $55,581 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: 47/30/23 Blend
56$1,920,000$1,920,000$1,920,000$1,920,000
57$2,120,245$2,018,485$1,988,725$2,205,796
58$2,277,372$2,058,252$1,996,209$2,305,943
59$2,448,663$2,098,106$2,002,081$2,408,730
60$2,635,505$2,137,991$2,006,229$2,519,176
61$2,839,422$2,177,849$2,008,534$2,638,023
62$3,062,094$2,217,615$2,008,871$2,766,093
63$3,305,370$2,257,220$2,007,110$2,904,289
64$3,571,285$2,296,591$2,003,116$3,053,610
65$3,862,080$2,335,648$1,996,744$3,215,158
66$4,180,221$2,374,303$1,987,843$3,390,148
67$4,528,425$2,412,465$1,976,257$3,579,921
68$4,909,683$2,450,035$1,961,821$3,785,954
69$5,327,289$2,486,905$1,944,360$4,009,881
70$5,784,871$2,522,962$1,923,695$4,253,500
71$6,286,423$2,558,083$1,899,634$4,518,797
72$6,836,346$2,592,137$1,871,980$4,807,963
73$7,439,485$2,624,983$1,840,523$5,123,415
74$8,101,178$2,656,473$1,805,046$5,467,818
75$8,827,305$2,686,446$1,765,321$5,844,113
76$9,624,339$2,714,732$1,721,109$6,255,543
77$10,499,416$2,741,148$1,672,161$6,705,687
78$11,460,393$2,765,501$1,618,215$7,198,492
79$12,515,926$2,787,583$1,558,997$7,738,311
80$13,675,550$2,807,174$1,494,223$8,329,946
81$14,949,770$2,824,039$1,423,593$8,978,694
82$16,350,158$2,837,929$1,346,796$9,690,395
83$17,889,465$2,848,579$1,263,505$10,471,492
84$19,581,737$2,855,705$1,173,378$11,329,091
85$21,442,448$2,859,009$1,076,060$12,271,027
86$23,488,648$2,858,170$971,178$13,305,944
87$25,739,121$2,852,851$858,343$14,443,371
88$28,214,562$2,842,692$737,149$15,693,818
89$30,937,776$2,827,313$607,172$17,068,875
90$33,933,885$2,806,307$467,969$18,581,323
91$37,230,572$2,779,247$319,076$20,245,254
92$40,858,337$2,745,676$160,012$22,076,208
93$44,850,786$2,705,114$0$24,091,320
94$49,244,950$2,657,048$0$26,311,875
95$54,081,629$2,600,937$0$28,798,374
96$59,405,781$2,536,209$0$31,534,613
97$65,266,943$2,462,255$0$34,546,057
98$71,719,699$2,378,433$0$37,860,773
99$78,824,195$2,284,064$0$41,509,700
100$86,646,706$2,178,426$0$45,526,935