Can I retire at age 57 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$165,984$164,505$163,063$161,655$160,280$159,137
2 years$82,170$80,640$79,157$77,719$76,324$75,171
3 years$54,236$52,699$51,220$49,795$48,423$47,296
4 years$40,272$38,739$37,275$35,875$34,536$33,444
5 years$31,895$30,372$28,927$27,555$26,253$25,199
6 years$26,313$24,801$23,377$22,036$20,773$19,759
7 years$22,327$20,828$19,427$18,117$16,894$15,920
8 years$19,339$17,853$16,475$15,198$14,016$13,081
9 years$17,016$15,545$14,190$12,945$11,803$10,908
10 years$15,159$13,702$12,371$11,159$10,057$9,201
11 years$13,640$12,198$10,891$9,712$8,649$7,832
12 years$12,376$10,948$9,666$8,518$7,495$6,715
13 years$11,307$9,894$8,636$7,520$6,536$5,793
14 years$10,391$8,993$7,759$6,676$5,729$5,023
15 years$9,598$8,216$7,006$5,954$5,045$4,373
16 years$8,905$7,538$6,352$5,331$4,458$3,821
17 years$8,294$6,942$5,780$4,790$3,953$3,349
18 years$7,752$6,415$5,276$4,317$3,515$2,943
19 years$7,267$5,945$4,830$3,900$3,133$2,591
20 years$6,831$5,524$4,433$3,533$2,798$2,287
21 years$6,438$5,146$4,077$3,206$2,504$2,021
22 years$6,080$4,803$3,758$2,915$2,245$1,789
23 years$5,754$4,492$3,470$2,655$2,015$1,586
24 years$5,456$4,209$3,209$2,421$1,811$1,407
25 years$5,182$3,950$2,972$2,211$1,630$1,250
26 years$4,930$3,712$2,756$2,022$1,468$1,111
27 years$4,696$3,494$2,560$1,851$1,324$989
28 years$4,480$3,292$2,380$1,696$1,194$880
29 years$4,279$3,106$2,214$1,555$1,078$784
30 years$4,091$2,933$2,063$1,427$974$699
31 years$3,917$2,773$1,923$1,311$881$623
32 years$3,753$2,624$1,794$1,204$797$556
33 years$3,600$2,485$1,675$1,108$721$496
34 years$3,456$2,355$1,565$1,019$653$443
35 years$3,320$2,234$1,463$938$591$396
36 years$3,192$2,120$1,369$864$536$353
37 years$3,072$2,013$1,281$796$486$316
38 years$2,958$1,914$1,200$734$440$282
39 years$2,850$1,820$1,124$677$399$252
40 years$2,748$1,731$1,054$624$362$225
41 years$2,651$1,648$988$576$329$202
42 years$2,559$1,569$927$531$298$180
43 years$2,471$1,495$870$490$271$161
44 years$2,388$1,425$816$453$246$144
45 years$2,309$1,359$766$418$223$129
46 years$2,233$1,297$720$386$202$115
47 years$2,161$1,237$676$357$184$103
48 years$2,092$1,181$636$330$167$92
49 years$2,026$1,128$597$305$152$83
50 years$1,962$1,078$562$282$138$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,010,000, adding $6,320 every year, while hoping to spend $25,645 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: 79/9/12 Blend
56$2,010,000$2,010,000$2,010,000$2,010,000
57$2,221,539$2,115,009$2,083,854$2,391,565
58$2,420,850$2,191,358$2,126,377$2,580,572
59$2,639,631$2,270,589$2,169,465$2,783,939
60$2,879,841$2,352,816$2,213,110$3,006,316
61$3,143,638$2,438,157$2,257,303$3,249,591
62$3,433,400$2,526,737$2,302,032$3,515,846
63$3,751,743$2,618,684$2,347,287$3,807,369
64$4,101,554$2,714,133$2,393,055$4,126,685
65$4,486,011$2,813,223$2,439,320$4,476,570
66$4,908,614$2,916,101$2,486,067$4,860,085
67$5,373,221$3,022,919$2,533,279$5,280,601
68$5,884,082$3,133,834$2,580,936$5,741,829
69$6,445,878$3,249,012$2,629,018$6,247,859
70$7,063,769$3,368,625$2,677,501$6,803,196
71$7,743,438$3,492,852$2,726,361$7,412,800
72$8,491,146$3,621,880$2,775,572$8,082,140
73$9,313,794$3,755,903$2,825,105$8,817,235
74$10,218,984$3,895,124$2,874,928$9,624,719
75$11,215,091$4,039,756$2,925,009$10,511,901
76$12,311,344$4,190,018$2,975,311$11,486,832
77$13,517,914$4,346,142$3,025,796$12,558,382
78$14,846,004$4,508,365$3,076,424$13,736,323
79$16,307,961$4,676,940$3,127,148$15,031,422
80$17,917,389$4,852,126$3,177,924$16,455,541
81$19,689,278$5,034,196$3,228,700$18,021,750
82$21,640,146$5,223,433$3,279,423$19,744,449
83$23,788,193$5,420,133$3,330,036$21,639,505
84$26,153,475$5,624,606$3,380,478$23,724,398
85$28,758,090$5,837,172$3,430,685$26,018,390
86$31,626,390$6,058,169$3,480,588$28,542,705
87$34,785,209$6,287,946$3,530,114$31,320,727
88$38,264,114$6,526,869$3,579,187$34,378,224
89$42,095,689$6,775,321$3,627,725$37,743,585
90$46,315,836$7,033,698$3,675,640$41,448,097
91$50,964,119$7,302,417$3,722,842$45,526,229
92$56,084,135$7,581,912$3,769,233$50,015,966
93$61,723,925$7,872,634$3,814,711$54,959,162
94$67,936,430$8,175,057$3,859,168$60,401,936
95$74,779,984$8,489,673$3,902,489$66,395,107
96$82,318,874$8,816,998$3,944,553$72,994,674
97$90,623,937$9,157,569$3,985,233$80,262,342
98$99,773,235$9,511,947$4,024,396$88,266,109
99$109,852,790$9,880,717$4,061,898$97,080,899
100$120,957,394$10,264,492$4,097,591$106,789,277