Can I retire at age 57 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$165,158$163,687$162,252$160,851$159,483$157,686
2 years$81,761$80,239$78,763$77,332$75,944$74,135
3 years$53,966$52,437$50,965$49,547$48,182$46,417
4 years$40,071$38,547$37,089$35,696$34,364$32,657
5 years$31,737$30,221$28,783$27,418$26,123$24,479
6 years$26,182$24,678$23,261$21,926$20,670$19,091
7 years$22,216$20,724$19,330$18,027$16,810$15,296
8 years$19,243$17,765$16,393$15,122$13,946$12,497
9 years$16,931$15,467$14,120$12,881$11,744$10,360
10 years$15,083$13,634$12,310$11,103$10,007$8,686
11 years$13,572$12,137$10,837$9,663$8,606$7,348
12 years$12,314$10,894$9,618$8,476$7,458$6,261
13 years$11,250$9,845$8,593$7,483$6,503$5,367
14 years$10,339$8,949$7,721$6,643$5,701$4,622
15 years$9,550$8,175$6,971$5,924$5,020$3,997
16 years$8,861$7,500$6,320$5,304$4,436$3,469
17 years$8,253$6,907$5,751$4,766$3,934$3,019
18 years$7,713$6,383$5,250$4,295$3,497$2,634
19 years$7,231$5,915$4,806$3,881$3,117$2,303
20 years$6,797$5,497$4,411$3,515$2,785$2,017
21 years$6,406$5,120$4,057$3,190$2,492$1,770
22 years$6,050$4,779$3,739$2,900$2,234$1,555
23 years$5,726$4,470$3,452$2,642$2,005$1,368
24 years$5,429$4,188$3,193$2,409$1,802$1,204
25 years$5,156$3,930$2,957$2,200$1,622$1,062
26 years$4,905$3,694$2,743$2,012$1,461$936
27 years$4,673$3,476$2,547$1,841$1,317$826
28 years$4,458$3,276$2,368$1,687$1,188$730
29 years$4,258$3,090$2,203$1,547$1,073$645
30 years$4,071$2,919$2,052$1,420$970$570
31 years$3,897$2,759$1,913$1,304$877$504
32 years$3,734$2,611$1,785$1,198$793$446
33 years$3,582$2,472$1,667$1,102$718$395
34 years$3,438$2,343$1,557$1,014$650$350
35 years$3,304$2,222$1,456$933$588$310
36 years$3,176$2,109$1,362$860$533$274
37 years$3,057$2,003$1,275$792$483$243
38 years$2,943$1,904$1,194$730$438$215
39 years$2,836$1,811$1,119$673$397$191
40 years$2,734$1,723$1,048$621$360$169
41 years$2,638$1,640$983$573$327$150
42 years$2,546$1,562$922$529$297$133
43 years$2,459$1,488$865$488$269$118
44 years$2,376$1,418$812$451$244$105
45 years$2,297$1,352$763$416$222$93
46 years$2,222$1,290$716$384$201$82
47 years$2,150$1,231$673$355$183$73
48 years$2,081$1,175$632$328$166$65
49 years$2,016$1,122$594$303$151$57
50 years$1,953$1,072$559$280$137$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,000,000, adding $4,862 every year, while hoping to spend $45,300 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: 76/7/17 Blend
56$2,000,000$2,000,000$2,000,000$2,000,000
57$2,209,015$2,103,015$2,072,015$2,368,127
58$2,386,136$2,157,864$2,093,229$2,528,834
59$2,579,805$2,213,882$2,113,635$2,698,866
60$2,791,661$2,271,079$2,133,158$2,884,066
61$3,023,512$2,329,464$2,151,721$3,085,934
62$3,277,346$2,389,042$2,169,238$3,306,122
63$3,555,351$2,449,822$2,185,624$3,546,448
64$3,859,940$2,511,806$2,200,786$3,808,917
65$4,193,769$2,574,999$2,214,627$4,095,735
66$4,559,761$2,639,402$2,227,045$4,409,336
67$4,961,139$2,705,016$2,237,933$4,752,397
68$5,401,451$2,771,837$2,247,179$5,127,872
69$5,884,604$2,839,861$2,254,665$5,539,012
70$6,414,903$2,909,084$2,260,265$5,989,400
71$6,997,089$2,979,496$2,263,851$6,482,984
72$7,636,387$3,051,085$2,265,284$7,024,114
73$8,338,549$3,123,839$2,264,422$7,617,582
74$9,109,914$3,197,740$2,261,113$8,268,671
75$9,957,464$3,272,769$2,255,199$8,983,197
76$10,888,892$3,348,901$2,246,515$9,767,575
77$11,912,673$3,426,111$2,234,887$10,628,868
78$13,038,142$3,504,367$2,220,132$11,574,862
79$14,275,586$3,583,634$2,202,060$12,614,136
80$15,636,337$3,663,874$2,180,471$13,756,144
81$17,132,881$3,745,041$2,155,154$15,011,302
82$18,778,975$3,827,088$2,125,891$16,391,089
83$20,589,773$3,909,958$2,092,452$17,908,156
84$22,581,976$3,993,593$2,054,595$19,576,442
85$24,773,984$4,077,925$2,012,070$21,411,308
86$27,186,069$4,162,881$1,964,613$23,429,681
87$29,840,568$4,248,383$1,911,948$25,650,216
88$32,762,094$4,334,341$1,853,786$28,093,470
89$35,977,766$4,420,663$1,789,826$30,782,094
90$39,517,465$4,507,242$1,719,753$33,741,053
91$43,414,118$4,593,969$1,643,236$36,997,857
92$47,704,005$4,680,720$1,559,931$40,582,823
93$52,427,101$4,767,363$1,469,476$44,529,358
94$57,627,459$4,853,757$1,371,497$48,874,280
95$63,353,615$4,939,746$1,265,598$53,658,161
96$69,659,057$5,025,167$1,151,368$58,925,712
97$76,602,719$5,109,839$1,028,378$64,726,204
98$84,249,546$5,193,571$896,178$71,113,937
99$92,671,101$5,276,156$754,300$78,148,749
100$101,946,238$5,357,373$602,255$85,896,582