Can I retire at age 57 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$168,461$166,961$165,497$164,068$162,672$156,838
2 years$83,397$81,843$80,338$78,879$77,463$71,648
3 years$55,046$53,486$51,984$50,538$49,146$43,533
4 years$40,873$39,318$37,831$36,410$35,051$29,684
5 years$32,371$30,825$29,359$27,966$26,645$21,537
6 years$26,705$25,171$23,726$22,365$21,084$16,238
7 years$22,660$21,139$19,716$18,387$17,147$12,563
8 years$19,627$18,120$16,721$15,425$14,225$9,899
9 years$17,270$15,777$14,402$13,138$11,979$7,906
10 years$15,385$13,906$12,556$11,326$10,207$6,379
11 years$13,844$12,380$11,054$9,857$8,778$5,187
12 years$12,560$11,112$9,810$8,646$7,607$4,245
13 years$11,475$10,042$8,765$7,633$6,634$3,491
14 years$10,546$9,128$7,875$6,775$5,815$2,882
15 years$9,741$8,338$7,110$6,043$5,120$2,387
16 years$9,038$7,650$6,446$5,410$4,525$1,982
17 years$8,418$7,045$5,866$4,861$4,012$1,649
18 years$7,867$6,510$5,355$4,381$3,567$1,375
19 years$7,376$6,034$4,902$3,959$3,180$1,148
20 years$6,933$5,607$4,499$3,585$2,840$960
21 years$6,534$5,223$4,138$3,254$2,542$803
22 years$6,171$4,875$3,814$2,958$2,278$672
23 years$5,840$4,560$3,522$2,694$2,045$564
24 years$5,538$4,272$3,257$2,457$1,838$473
25 years$5,259$4,009$3,016$2,244$1,654$396
26 years$5,003$3,768$2,798$2,052$1,490$333
27 years$4,766$3,546$2,598$1,878$1,343$279
28 years$4,547$3,341$2,415$1,721$1,212$235
29 years$4,343$3,152$2,247$1,578$1,094$197
30 years$4,153$2,977$2,093$1,448$989$166
31 years$3,975$2,814$1,952$1,330$894$139
32 years$3,809$2,663$1,821$1,222$809$117
33 years$3,653$2,522$1,700$1,124$732$98
34 years$3,507$2,390$1,589$1,034$663$83
35 years$3,370$2,267$1,485$952$600$69
36 years$3,240$2,152$1,389$877$544$58
37 years$3,118$2,044$1,300$808$493$49
38 years$3,002$1,942$1,218$745$447$41
39 years$2,893$1,847$1,141$687$405$35
40 years$2,789$1,757$1,069$633$368$29
41 years$2,691$1,673$1,003$584$333$25
42 years$2,597$1,593$941$539$303$21
43 years$2,508$1,518$883$498$275$17
44 years$2,424$1,447$828$460$249$15
45 years$2,343$1,380$778$424$226$12
46 years$2,266$1,316$731$392$205$10
47 years$2,193$1,256$686$362$187$9
48 years$2,123$1,199$645$335$169$7
49 years$2,056$1,145$606$309$154$6
50 years$1,992$1,094$570$286$140$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,040,000, adding $4,075 every year, while hoping to spend $54,275 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: 77/15/8 Blend
56$2,040,000$2,040,000$2,040,000$2,040,000
57$2,252,283$2,144,163$2,112,543$2,422,829
58$2,424,268$2,191,479$2,125,565$2,582,774
59$2,611,976$2,239,294$2,137,205$2,750,699
60$2,816,954$2,287,576$2,147,357$2,933,234
61$3,040,904$2,336,288$2,155,915$3,131,808
62$3,285,701$2,385,391$2,162,762$3,347,998
63$3,553,408$2,434,840$2,167,780$3,583,535
64$3,846,296$2,484,588$2,170,842$3,840,332
65$4,166,868$2,534,583$2,171,815$4,120,492
66$4,517,879$2,584,767$2,170,560$4,426,331
67$4,902,361$2,635,079$2,166,932$4,760,402
68$5,323,655$2,685,452$2,160,778$5,125,518
69$5,785,441$2,735,812$2,151,937$5,524,774
70$6,291,770$2,786,081$2,140,242$5,961,585
71$6,847,106$2,836,174$2,125,515$6,439,708
72$7,456,364$2,886,000$2,107,572$6,963,285
73$8,124,958$2,935,459$2,086,221$7,536,879
74$8,858,851$2,984,444$2,061,257$8,165,518
75$9,664,614$3,032,842$2,032,470$8,854,740
76$10,549,483$3,080,530$1,999,636$9,610,649
77$11,521,430$3,127,375$1,962,523$10,439,968
78$12,589,236$3,173,236$1,920,888$11,350,109
79$13,762,576$3,217,963$1,874,475$12,349,234
80$15,052,107$3,261,392$1,823,018$13,446,341
81$16,469,572$3,303,349$1,766,239$14,651,343
82$18,027,905$3,343,651$1,703,846$15,975,163
83$19,741,360$3,382,098$1,635,533$17,429,839
84$21,625,637$3,418,479$1,560,981$19,028,634
85$23,698,036$3,452,569$1,479,858$20,786,165
86$25,977,617$3,484,126$1,391,815$22,718,539
87$28,485,381$3,512,895$1,296,488$24,843,506
88$31,244,465$3,538,602$1,193,495$27,180,624
89$34,280,363$3,560,956$1,082,440$29,751,449
90$37,621,165$3,579,648$962,906$32,579,733
91$41,297,821$3,594,348$834,461$35,691,650
92$45,344,434$3,604,706$696,651$39,116,047
93$49,798,580$3,610,350$549,002$42,884,711
94$54,701,663$3,610,885$391,021$47,032,672
95$60,099,304$3,605,890$222,192$51,598,534
96$66,041,774$3,594,920$41,977$56,624,839
97$72,584,465$3,577,501$0$62,158,469
98$79,788,413$3,553,131$0$68,263,921
99$87,720,874$3,521,277$0$74,989,956
100$96,455,958$3,481,375$0$82,395,784