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

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$165,984$164,505$163,063$161,655$160,280$153,982
2 years$82,170$80,640$79,157$77,719$76,324$70,055
3 years$54,236$52,699$51,220$49,795$48,423$42,382
4 years$40,272$38,739$37,275$35,875$34,536$28,768
5 years$31,895$30,372$28,927$27,555$26,253$20,774
6 years$26,313$24,801$23,377$22,036$20,773$15,585
7 years$22,327$20,828$19,427$18,117$16,894$11,996
8 years$19,339$17,853$16,475$15,198$14,016$9,402
9 years$17,016$15,545$14,190$12,945$11,803$7,467
10 years$15,159$13,702$12,371$11,159$10,057$5,991
11 years$13,640$12,198$10,891$9,712$8,649$4,843
12 years$12,376$10,948$9,666$8,518$7,495$3,939
13 years$11,307$9,894$8,636$7,520$6,536$3,220
14 years$10,391$8,993$7,759$6,676$5,729$2,641
15 years$9,598$8,216$7,006$5,954$5,045$2,174
16 years$8,905$7,538$6,352$5,331$4,458$1,793
17 years$8,294$6,942$5,780$4,790$3,953$1,482
18 years$7,752$6,415$5,276$4,317$3,515$1,228
19 years$7,267$5,945$4,830$3,900$3,133$1,018
20 years$6,831$5,524$4,433$3,533$2,798$845
21 years$6,438$5,146$4,077$3,206$2,504$702
22 years$6,080$4,803$3,758$2,915$2,245$584
23 years$5,754$4,492$3,470$2,655$2,015$486
24 years$5,456$4,209$3,209$2,421$1,811$404
25 years$5,182$3,950$2,972$2,211$1,630$337
26 years$4,930$3,712$2,756$2,022$1,468$281
27 years$4,696$3,494$2,560$1,851$1,324$234
28 years$4,480$3,292$2,380$1,696$1,194$195
29 years$4,279$3,106$2,214$1,555$1,078$163
30 years$4,091$2,933$2,063$1,427$974$136
31 years$3,917$2,773$1,923$1,311$881$113
32 years$3,753$2,624$1,794$1,204$797$94
33 years$3,600$2,485$1,675$1,108$721$79
34 years$3,456$2,355$1,565$1,019$653$66
35 years$3,320$2,234$1,463$938$591$55
36 years$3,192$2,120$1,369$864$536$46
37 years$3,072$2,013$1,281$796$486$38
38 years$2,958$1,914$1,200$734$440$32
39 years$2,850$1,820$1,124$677$399$27
40 years$2,748$1,731$1,054$624$362$22
41 years$2,651$1,648$988$576$329$19
42 years$2,559$1,569$927$531$298$15
43 years$2,471$1,495$870$490$271$13
44 years$2,388$1,425$816$453$246$11
45 years$2,309$1,359$766$418$223$9
46 years$2,233$1,297$720$386$202$8
47 years$2,161$1,237$676$357$184$6
48 years$2,092$1,181$636$330$167$5
49 years$2,026$1,128$597$305$152$4
50 years$1,962$1,078$562$282$138$4

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 $3,134 every year, while hoping to spend $22,027 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: 84/5/11 Blend
56$2,010,000$2,010,000$2,010,000$2,010,000
57$2,218,253$2,111,723$2,080,568$2,400,385
58$2,421,078$2,191,761$2,126,830$2,600,042
59$2,643,853$2,274,982$2,173,904$2,816,045
60$2,888,590$2,361,520$2,221,794$3,052,646
61$3,157,504$2,451,513$2,270,502$3,311,904
62$3,453,038$2,545,105$2,320,032$3,596,087
63$3,777,880$2,642,447$2,370,385$3,907,694
64$4,134,993$2,743,697$2,421,563$4,249,475
65$4,527,644$2,849,019$2,473,566$4,624,461
66$4,959,427$2,958,584$2,526,394$5,035,991
67$5,434,306$3,072,573$2,580,046$5,487,742
68$5,956,646$3,191,170$2,634,519$5,983,765
69$6,531,259$3,314,572$2,689,810$6,528,523
70$7,163,444$3,442,983$2,745,915$7,126,933
71$7,859,041$3,576,614$2,802,829$7,784,410
72$8,624,483$3,715,689$2,860,544$8,506,922
73$9,466,861$3,860,438$2,919,053$9,301,043
74$10,393,987$4,011,105$2,978,347$10,174,016
75$11,414,466$4,167,942$3,038,414$11,133,819
76$12,537,783$4,331,213$3,099,243$12,189,245
77$13,774,389$4,501,194$3,160,819$13,349,981
78$15,135,797$4,678,173$3,223,127$14,626,698
79$16,634,697$4,862,452$3,286,150$16,031,155
80$18,285,068$5,054,344$3,349,868$17,576,309
81$20,102,317$5,254,179$3,414,260$19,276,436
82$22,103,418$5,462,299$3,479,303$21,147,264
83$24,307,077$5,679,062$3,544,971$23,206,125
84$26,733,907$5,904,844$3,611,235$25,472,115
85$29,406,620$6,140,036$3,678,066$27,966,277
86$32,350,244$6,385,046$3,745,430$30,711,797
87$35,592,359$6,640,303$3,813,291$33,734,222
88$39,163,354$6,906,253$3,881,611$37,061,704
89$43,096,719$7,183,362$3,950,348$40,725,262
90$47,429,356$7,472,119$4,019,457$44,759,077
91$52,201,931$7,773,033$4,088,889$49,200,813
92$57,459,254$8,086,638$4,158,593$54,091,973
93$63,250,705$8,413,490$4,228,512$59,478,290
94$69,630,698$8,754,171$4,298,589$65,410,158
95$76,659,195$9,109,292$4,368,757$71,943,107
96$84,402,273$9,479,488$4,438,951$79,138,330
97$92,932,746$9,865,424$4,509,097$87,063,256
98$102,330,853$10,267,797$4,579,119$95,792,187
99$112,685,015$10,687,333$4,648,934$105,407,003
100$124,092,667$11,124,793$4,718,454$115,997,929