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%11.1%
1 years$165,158$163,687$162,252$160,851$159,483$158,744
2 years$81,761$80,239$78,763$77,332$75,944$75,198
3 years$53,966$52,437$50,965$49,547$48,182$47,453
4 years$40,071$38,547$37,089$35,696$34,364$33,656
5 years$31,737$30,221$28,783$27,418$26,123$25,439
6 years$26,182$24,678$23,261$21,926$20,670$20,011
7 years$22,216$20,724$19,330$18,027$16,810$16,176
8 years$19,243$17,765$16,393$15,122$13,946$13,337
9 years$16,931$15,467$14,120$12,881$11,744$11,160
10 years$15,083$13,634$12,310$11,103$10,007$9,448
11 years$13,572$12,137$10,837$9,663$8,606$8,071
12 years$12,314$10,894$9,618$8,476$7,458$6,947
13 years$11,250$9,845$8,593$7,483$6,503$6,016
14 years$10,339$8,949$7,721$6,643$5,701$5,236
15 years$9,550$8,175$6,971$5,924$5,020$4,577
16 years$8,861$7,500$6,320$5,304$4,436$4,016
17 years$8,253$6,907$5,751$4,766$3,934$3,534
18 years$7,713$6,383$5,250$4,295$3,497$3,118
19 years$7,231$5,915$4,806$3,881$3,117$2,758
20 years$6,797$5,497$4,411$3,515$2,785$2,444
21 years$6,406$5,120$4,057$3,190$2,492$2,170
22 years$6,050$4,779$3,739$2,900$2,234$1,929
23 years$5,726$4,470$3,452$2,642$2,005$1,718
24 years$5,429$4,188$3,193$2,409$1,802$1,531
25 years$5,156$3,930$2,957$2,200$1,622$1,366
26 years$4,905$3,694$2,743$2,012$1,461$1,221
27 years$4,673$3,476$2,547$1,841$1,317$1,091
28 years$4,458$3,276$2,368$1,687$1,188$976
29 years$4,258$3,090$2,203$1,547$1,073$874
30 years$4,071$2,919$2,052$1,420$970$782
31 years$3,897$2,759$1,913$1,304$877$701
32 years$3,734$2,611$1,785$1,198$793$629
33 years$3,582$2,472$1,667$1,102$718$564
34 years$3,438$2,343$1,557$1,014$650$506
35 years$3,304$2,222$1,456$933$588$454
36 years$3,176$2,109$1,362$860$533$408
37 years$3,057$2,003$1,275$792$483$366
38 years$2,943$1,904$1,194$730$438$329
39 years$2,836$1,811$1,119$673$397$295
40 years$2,734$1,723$1,048$621$360$265
41 years$2,638$1,640$983$573$327$239
42 years$2,546$1,562$922$529$297$214
43 years$2,459$1,488$865$488$269$193
44 years$2,376$1,418$812$451$244$173
45 years$2,297$1,352$763$416$222$156
46 years$2,222$1,290$716$384$201$140
47 years$2,150$1,231$673$355$183$126
48 years$2,081$1,175$632$328$166$113
49 years$2,016$1,122$594$303$151$102
50 years$1,953$1,072$559$280$137$92

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 $3,930 every year, while hoping to spend $35,213 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: 40/39/21 Blend
56$2,000,000$2,000,000$2,000,000$2,000,000
57$2,208,054$2,102,054$2,071,054$2,282,501
58$2,395,809$2,167,588$2,102,968$2,401,780
59$2,601,535$2,235,153$2,134,771$2,527,087
60$2,827,028$2,304,812$2,166,422$2,661,933
61$3,074,265$2,376,628$2,197,877$2,807,207
62$3,345,425$2,450,668$2,229,091$2,963,886
63$3,642,907$2,527,000$2,260,015$3,133,046
64$3,969,355$2,605,694$2,290,596$3,315,867
65$4,327,678$2,686,822$2,320,780$3,513,653
66$4,721,084$2,770,459$2,350,509$3,727,834
67$5,153,105$2,856,682$2,379,722$3,959,985
68$5,627,632$2,945,570$2,408,353$4,211,839
69$6,148,952$3,037,204$2,436,333$4,485,306
70$6,721,786$3,131,667$2,463,592$4,782,484
71$7,351,336$3,229,048$2,490,050$5,105,687
72$8,043,335$3,329,433$2,515,629$5,457,458
73$8,804,095$3,432,916$2,540,243$5,840,601
74$9,640,574$3,539,590$2,563,803$6,258,202
75$10,560,436$3,649,553$2,586,213$6,713,657
76$11,572,123$3,762,904$2,607,374$7,210,708
77$12,684,941$3,879,747$2,627,182$7,753,477
78$13,909,138$4,000,188$2,645,526$8,346,500
79$15,256,008$4,124,336$2,662,289$8,994,776
80$16,737,996$4,252,303$2,677,351$9,703,810
81$18,368,812$4,384,206$2,690,582$10,479,664
82$20,163,562$4,520,164$2,701,849$11,329,018
83$22,138,893$4,660,299$2,711,008$12,259,229
84$24,313,145$4,804,738$2,717,911$13,278,400
85$26,706,527$4,953,612$2,722,402$14,395,460
86$29,341,307$5,107,053$2,724,318$15,620,244
87$32,242,022$5,265,201$2,723,484$16,963,587
88$35,435,710$5,428,197$2,719,722$18,437,425
89$38,952,161$5,596,187$2,712,842$20,054,910
90$42,824,203$5,769,323$2,702,644$21,830,531
91$47,088,010$5,947,757$2,688,920$23,780,251
92$51,783,441$6,131,651$2,671,453$25,921,659
93$56,954,418$6,321,168$2,650,013$28,274,132
94$62,649,340$6,516,477$2,624,360$30,859,023
95$68,921,540$6,717,751$2,594,243$33,699,857
96$75,829,786$6,925,170$2,559,399$36,822,556
97$83,438,838$7,138,917$2,519,553$40,255,681
98$91,820,057$7,359,182$2,474,416$44,030,703
99$101,052,080$7,586,160$2,423,686$48,182,301
100$111,221,561$7,820,050$2,367,048$52,748,684