Can I retire at age 57 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$162,681$161,232$159,818$158,438$157,091$154,679
2 years$80,535$79,035$77,582$76,172$74,805$72,381
3 years$53,157$51,650$50,200$48,804$47,459$45,099
4 years$39,470$37,968$36,533$35,161$33,848$31,569
5 years$31,260$29,768$28,351$27,007$25,731$23,540
6 years$25,789$24,308$22,912$21,598$20,360$18,260
7 years$21,883$20,413$19,040$17,757$16,558$14,549
8 years$18,954$17,498$16,147$14,896$13,737$11,818
9 years$16,677$15,235$13,908$12,688$11,568$9,740
10 years$14,857$13,429$12,125$10,937$9,857$8,117
11 years$13,369$11,955$10,675$9,518$8,477$6,824
12 years$12,129$10,730$9,474$8,349$7,346$5,777
13 years$11,082$9,697$8,464$7,371$6,406$4,920
14 years$10,184$8,814$7,605$6,543$5,615$4,209
15 years$9,407$8,052$6,866$5,835$4,944$3,615
16 years$8,728$7,388$6,225$5,225$4,370$3,116
17 years$8,129$6,804$5,665$4,694$3,875$2,693
18 years$7,598$6,287$5,171$4,231$3,445$2,332
19 years$7,122$5,827$4,734$3,823$3,071$2,025
20 years$6,695$5,414$4,345$3,462$2,743$1,760
21 years$6,310$5,043$3,996$3,142$2,454$1,533
22 years$5,959$4,708$3,683$2,857$2,200$1,337
23 years$5,640$4,403$3,401$2,602$1,975$1,167
24 years$5,347$4,125$3,145$2,373$1,775$1,019
25 years$5,079$3,871$2,913$2,167$1,597$891
26 years$4,831$3,639$2,702$1,982$1,439$780
27 years$4,603$3,424$2,509$1,814$1,297$683
28 years$4,391$3,227$2,332$1,662$1,170$598
29 years$4,194$3,044$2,170$1,524$1,057$524
30 years$4,010$2,875$2,022$1,399$955$460
31 years$3,839$2,718$1,885$1,285$863$403
32 years$3,678$2,571$1,758$1,180$781$354
33 years$3,528$2,435$1,642$1,086$707$311
34 years$3,387$2,308$1,534$999$640$273
35 years$3,254$2,189$1,434$919$580$240
36 years$3,129$2,078$1,342$847$525$210
37 years$3,011$1,973$1,256$780$476$185
38 years$2,899$1,875$1,176$719$432$162
39 years$2,793$1,783$1,102$663$391$143
40 years$2,693$1,697$1,033$612$355$125
41 years$2,598$1,615$968$564$322$110
42 years$2,508$1,538$908$521$292$97
43 years$2,422$1,466$852$481$265$85
44 years$2,341$1,397$800$444$241$75
45 years$2,263$1,332$751$410$219$66
46 years$2,189$1,271$706$379$198$58
47 years$2,118$1,213$663$350$180$51
48 years$2,050$1,158$623$323$164$45
49 years$1,985$1,106$586$299$149$39
50 years$1,923$1,056$550$276$135$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,970,000, adding $4,486 every year, while hoping to spend $31,226 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: 41/35/24 Blend
56$1,970,000$1,970,000$1,970,000$1,970,000
57$2,175,567$2,071,157$2,040,622$2,249,236
58$2,364,251$2,139,420$2,075,759$2,370,801
59$2,571,134$2,209,981$2,111,026$2,498,999
60$2,798,039$2,282,919$2,146,395$2,637,145
61$3,046,975$2,358,319$2,181,836$2,786,167
62$3,320,154$2,436,264$2,217,315$2,947,089
63$3,620,013$2,516,843$2,252,797$3,121,037
64$3,949,235$2,600,149$2,288,247$3,309,246
65$4,310,777$2,686,277$2,323,623$3,513,079
66$4,707,896$2,775,324$2,358,884$3,734,032
67$5,144,179$2,867,393$2,393,985$3,973,754
68$5,623,580$2,962,590$2,428,878$4,234,056
69$6,150,453$3,061,025$2,463,514$4,516,935
70$6,729,595$3,162,811$2,497,837$4,824,586
71$7,366,291$3,268,066$2,531,792$5,159,426
72$8,066,364$3,376,912$2,565,318$5,524,116
73$8,836,229$3,489,476$2,598,352$5,921,586
74$9,682,953$3,605,890$2,630,825$6,355,061
75$10,614,324$3,726,288$2,662,668$6,828,091
76$11,638,922$3,850,813$2,693,804$7,344,586
77$12,766,200$3,979,611$2,724,154$7,908,851
78$14,006,573$4,112,833$2,753,635$8,525,628
79$15,371,519$4,250,637$2,782,157$9,200,137
80$16,873,682$4,393,186$2,809,627$9,938,130
81$18,526,995$4,540,649$2,835,946$10,745,938
82$20,346,810$4,693,203$2,861,012$11,630,537
83$22,350,043$4,851,028$2,884,714$12,599,610
84$24,555,333$5,014,314$2,906,938$13,661,620
85$26,983,219$5,183,258$2,927,563$14,825,887
86$29,656,331$5,358,061$2,946,460$16,102,681
87$32,599,607$5,538,936$2,963,496$17,503,313
88$35,840,524$5,726,101$2,978,531$19,040,244
89$39,409,362$5,919,784$2,991,416$20,727,200
90$43,339,483$6,120,220$3,001,994$22,579,305
91$47,667,653$6,327,654$3,010,104$24,613,219
92$52,434,385$6,542,340$3,015,574$26,847,297
93$57,684,319$6,764,541$3,018,222$29,301,762
94$63,466,647$6,994,531$3,017,860$31,998,892
95$69,835,576$7,232,595$3,014,290$34,963,235
96$76,850,839$7,479,026$3,007,303$38,221,837
97$84,578,258$7,734,132$2,996,681$41,804,495
98$93,090,366$7,998,230$2,982,195$45,744,041
99$102,467,090$8,271,650$2,963,605$50,076,650
100$112,796,508$8,554,735$2,940,660$54,842,181