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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$165,158$163,687$162,252$160,851$159,483$155,754
2 years$81,761$80,239$78,763$77,332$75,944$72,209
3 years$53,966$52,437$50,965$49,547$48,182$44,556
4 years$40,071$38,547$37,089$35,696$34,364$30,876
5 years$31,737$30,221$28,783$27,418$26,123$22,783
6 years$26,182$24,678$23,261$21,926$20,670$17,481
7 years$22,216$20,724$19,330$18,027$16,810$13,773
8 years$19,243$17,765$16,393$15,122$13,946$11,059
9 years$16,931$15,467$14,120$12,881$11,744$9,006
10 years$15,083$13,634$12,310$11,103$10,007$7,413
11 years$13,572$12,137$10,837$9,663$8,606$6,154
12 years$12,314$10,894$9,618$8,476$7,458$5,143
13 years$11,250$9,845$8,593$7,483$6,503$4,322
14 years$10,339$8,949$7,721$6,643$5,701$3,648
15 years$9,550$8,175$6,971$5,924$5,020$3,090
16 years$8,861$7,500$6,320$5,304$4,436$2,626
17 years$8,253$6,907$5,751$4,766$3,934$2,237
18 years$7,713$6,383$5,250$4,295$3,497$1,910
19 years$7,231$5,915$4,806$3,881$3,117$1,633
20 years$6,797$5,497$4,411$3,515$2,785$1,399
21 years$6,406$5,120$4,057$3,190$2,492$1,200
22 years$6,050$4,779$3,739$2,900$2,234$1,030
23 years$5,726$4,470$3,452$2,642$2,005$885
24 years$5,429$4,188$3,193$2,409$1,802$761
25 years$5,156$3,930$2,957$2,200$1,622$655
26 years$4,905$3,694$2,743$2,012$1,461$564
27 years$4,673$3,476$2,547$1,841$1,317$486
28 years$4,458$3,276$2,368$1,687$1,188$419
29 years$4,258$3,090$2,203$1,547$1,073$361
30 years$4,071$2,919$2,052$1,420$970$312
31 years$3,897$2,759$1,913$1,304$877$269
32 years$3,734$2,611$1,785$1,198$793$232
33 years$3,582$2,472$1,667$1,102$718$200
34 years$3,438$2,343$1,557$1,014$650$173
35 years$3,304$2,222$1,456$933$588$149
36 years$3,176$2,109$1,362$860$533$129
37 years$3,057$2,003$1,275$792$483$111
38 years$2,943$1,904$1,194$730$438$96
39 years$2,836$1,811$1,119$673$397$83
40 years$2,734$1,723$1,048$621$360$72
41 years$2,638$1,640$983$573$327$62
42 years$2,546$1,562$922$529$297$54
43 years$2,459$1,488$865$488$269$46
44 years$2,376$1,418$812$451$244$40
45 years$2,297$1,352$763$416$222$35
46 years$2,222$1,290$716$384$201$30
47 years$2,150$1,231$673$355$183$26
48 years$2,081$1,175$632$328$166$22
49 years$2,016$1,122$594$303$151$19
50 years$1,953$1,072$559$280$137$17

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 $3,400 every year, while hoping to spend $27,507 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: 75/14/11 Blend
56$2,000,000$2,000,000$2,000,000$2,000,000
57$2,207,507$2,101,507$2,070,507$2,368,212
58$2,403,406$2,175,214$2,110,602$2,548,358
59$2,618,364$2,251,610$2,151,118$2,741,927
60$2,854,297$2,330,799$2,192,040$2,953,290
61$3,113,314$2,412,887$2,233,353$3,184,205
62$3,397,739$2,497,986$2,275,037$3,436,607
63$3,710,132$2,586,210$2,317,074$3,712,627
64$4,053,313$2,677,682$2,359,443$4,014,609
65$4,430,387$2,772,524$2,402,121$4,345,138
66$4,844,777$2,870,869$2,445,083$4,707,059
67$5,300,254$2,972,851$2,488,303$5,103,503
68$5,800,971$3,078,612$2,531,752$5,537,923
69$6,351,503$3,188,297$2,575,399$6,014,118
70$6,956,893$3,302,060$2,619,211$6,536,274
71$7,622,696$3,420,061$2,663,154$7,109,001
72$8,355,030$3,542,463$2,707,189$7,737,378
73$9,160,640$3,669,440$2,751,277$8,426,998
74$10,046,953$3,801,171$2,795,373$9,184,023
75$11,022,156$3,937,842$2,839,432$10,015,241
76$12,095,269$4,079,649$2,883,405$10,928,129
77$13,276,227$4,226,793$2,927,240$11,930,924
78$14,575,981$4,379,484$2,970,881$13,032,701
79$16,006,596$4,537,944$3,014,271$14,243,458
80$17,581,365$4,702,400$3,057,345$15,574,207
81$19,314,937$4,873,090$3,100,039$17,037,084
82$21,223,452$5,050,262$3,142,281$18,645,457
83$23,324,694$5,234,176$3,183,998$20,414,055
84$25,638,262$5,425,099$3,225,111$22,359,106
85$28,185,748$5,623,312$3,265,536$24,498,488
86$30,990,948$5,829,109$3,305,185$26,851,903
87$34,080,082$6,042,792$3,343,966$29,441,053
88$37,482,041$6,264,679$3,381,779$32,289,855
89$41,228,662$6,495,102$3,418,522$35,424,657
90$45,355,027$6,734,403$3,454,084$38,874,495
91$49,899,795$6,982,944$3,488,350$42,671,358
92$54,905,563$7,241,097$3,521,199$46,850,495
93$60,419,273$7,509,254$3,552,502$51,450,747
94$66,492,652$7,787,820$3,582,124$56,514,910
95$73,182,700$8,077,221$3,609,923$62,090,142
96$80,552,228$8,377,898$3,635,748$68,228,403
97$88,670,452$8,690,312$3,659,443$74,986,951
98$97,613,645$9,014,944$3,680,841$82,428,877
99$107,465,857$9,352,295$3,699,768$90,623,703
100$118,319,705$9,702,889$3,716,042$99,648,033