Can I retire at age 57 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$163,507$162,050$160,629$159,242$157,888$155,081
2 years$80,944$79,436$77,975$76,559$75,185$72,366
3 years$53,427$51,913$50,455$49,052$47,700$44,958
4 years$39,671$38,161$36,718$35,339$34,020$31,376
5 years$31,419$29,919$28,495$27,144$25,862$23,322
6 years$25,920$24,431$23,028$21,707$20,463$18,032
7 years$21,994$20,517$19,137$17,847$16,642$14,319
8 years$19,050$17,587$16,229$14,971$13,806$11,591
9 years$16,762$15,313$13,978$12,752$11,627$9,519
10 years$14,932$13,497$12,187$10,992$9,907$7,903
11 years$13,437$12,016$10,729$9,567$8,520$6,619
12 years$12,191$10,785$9,522$8,391$7,383$5,583
13 years$11,138$9,746$8,507$7,408$6,438$4,735
14 years$10,236$8,859$7,644$6,576$5,644$4,035
15 years$9,455$8,093$6,901$5,865$4,969$3,452
16 years$8,772$7,425$6,257$5,251$4,392$2,962
17 years$8,170$6,838$5,693$4,718$3,894$2,549
18 years$7,636$6,319$5,197$4,252$3,463$2,198
19 years$7,159$5,856$4,758$3,842$3,086$1,900
20 years$6,729$5,442$4,367$3,480$2,757$1,645
21 years$6,342$5,069$4,016$3,158$2,467$1,426
22 years$5,989$4,732$3,702$2,871$2,211$1,237
23 years$5,668$4,425$3,418$2,615$1,985$1,075
24 years$5,375$4,146$3,161$2,385$1,784$935
25 years$5,105$3,891$2,928$2,178$1,605$814
26 years$4,856$3,657$2,715$1,992$1,446$709
27 years$4,626$3,442$2,521$1,823$1,304$617
28 years$4,413$3,243$2,344$1,670$1,176$538
29 years$4,215$3,059$2,181$1,532$1,062$470
30 years$4,030$2,889$2,032$1,406$960$410
31 years$3,858$2,731$1,894$1,291$868$358
32 years$3,697$2,584$1,767$1,186$785$312
33 years$3,546$2,448$1,650$1,091$710$273
34 years$3,404$2,320$1,542$1,004$643$238
35 years$3,270$2,200$1,441$924$583$208
36 years$3,145$2,088$1,348$851$528$182
37 years$3,026$1,983$1,262$784$478$159
38 years$2,914$1,885$1,182$723$434$139
39 years$2,808$1,792$1,107$666$393$121
40 years$2,707$1,705$1,038$615$357$106
41 years$2,612$1,623$973$567$324$93
42 years$2,521$1,546$913$523$294$81
43 years$2,435$1,473$857$483$267$71
44 years$2,353$1,404$804$446$242$62
45 years$2,274$1,339$755$412$220$54
46 years$2,200$1,277$709$381$199$48
47 years$2,129$1,219$666$352$181$42
48 years$2,060$1,164$626$325$164$36
49 years$1,995$1,111$588$300$149$32
50 years$1,933$1,061$553$278$136$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $1,980,000, adding $4,880 every year, while hoping to spend $30,418 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: 49/40/11 Blend
56$1,980,000$1,980,000$1,980,000$1,980,000
57$2,186,994$2,082,054$2,051,364$2,287,403
58$2,377,703$2,151,710$2,087,720$2,426,483
59$2,586,844$2,223,760$2,124,275$2,573,878
60$2,816,267$2,298,288$2,161,002$2,733,286
61$3,068,006$2,375,384$2,197,875$2,905,841
62$3,344,303$2,455,139$2,234,865$3,092,788
63$3,647,629$2,537,647$2,271,940$3,295,498
64$3,980,703$2,623,008$2,309,066$3,515,476
65$4,346,523$2,711,324$2,346,208$3,754,381
66$4,748,390$2,802,700$2,383,327$4,014,036
67$5,189,940$2,897,247$2,420,383$4,296,445
68$5,675,181$2,995,079$2,457,334$4,603,815
69$6,208,527$3,096,315$2,494,131$4,938,575
70$6,794,840$3,201,078$2,530,728$5,303,396
71$7,439,477$3,309,495$2,567,071$5,701,219
72$8,148,342$3,421,698$2,603,106$6,135,281
73$8,927,937$3,537,826$2,638,774$6,609,144
74$9,785,428$3,658,020$2,674,014$7,126,731
75$10,728,708$3,782,430$2,708,760$7,692,358
76$11,766,475$3,911,208$2,742,943$8,310,780
77$12,908,313$4,044,515$2,776,489$8,987,229
78$14,164,781$4,182,516$2,809,321$9,727,469
79$15,547,513$4,325,383$2,841,358$10,537,844
80$17,069,328$4,473,295$2,872,512$11,425,343
81$18,744,351$4,626,439$2,902,693$12,397,660
82$20,588,146$4,785,005$2,931,804$13,463,269
83$22,617,862$4,949,196$2,959,745$14,631,503
84$24,852,396$5,119,218$2,986,408$15,912,641
85$27,312,568$5,295,288$3,011,681$17,318,004
86$30,021,323$5,477,629$3,035,445$18,860,063
87$33,003,941$5,666,477$3,057,575$20,552,551
88$36,288,281$5,862,071$3,077,941$22,410,599
89$39,905,037$6,064,665$3,096,405$24,450,872
90$43,888,037$6,274,519$3,112,820$26,691,729
91$48,274,552$6,491,906$3,127,035$29,153,392
92$53,105,655$6,717,108$3,138,889$31,858,141
93$58,426,604$6,950,418$3,148,214$34,830,519
94$64,287,271$7,192,142$3,154,833$38,097,563
95$70,742,613$7,442,597$3,158,559$41,689,061
96$77,853,187$7,702,112$3,159,199$45,637,829
97$85,685,727$7,971,031$3,156,547$49,980,024
98$94,313,769$8,249,709$3,150,389$54,755,478
99$103,818,347$8,538,518$3,140,500$60,008,078
100$114,288,755$8,837,843$3,126,644$65,786,176