Can I retire at age 57 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$169,287$167,779$166,308$164,872$163,470$156,984
2 years$83,805$82,245$80,732$79,265$77,843$71,389
3 years$55,315$53,748$52,239$50,786$49,387$43,168
4 years$41,073$39,510$38,017$36,589$35,223$29,287
5 years$32,530$30,977$29,502$28,104$26,776$21,137
6 years$26,836$25,295$23,842$22,475$21,187$15,849
7 years$22,771$21,242$19,813$18,478$17,231$12,192
8 years$19,724$18,209$16,803$15,500$14,294$9,550
9 years$17,355$15,854$14,472$13,203$12,038$7,580
10 years$15,460$13,974$12,617$11,381$10,257$6,077
11 years$13,912$12,441$11,108$9,905$8,821$4,910
12 years$12,622$11,166$9,858$8,688$7,644$3,991
13 years$11,532$10,091$8,808$7,670$6,666$3,260
14 years$10,598$9,172$7,914$6,809$5,843$2,672
15 years$9,789$8,379$7,145$6,072$5,145$2,198
16 years$9,082$7,688$6,478$5,437$4,547$1,812
17 years$8,459$7,080$5,895$4,885$4,032$1,497
18 years$7,906$6,542$5,381$4,402$3,585$1,238
19 years$7,412$6,063$4,926$3,978$3,195$1,026
20 years$6,967$5,634$4,521$3,603$2,854$851
21 years$6,566$5,248$4,158$3,270$2,554$707
22 years$6,201$4,899$3,833$2,973$2,289$587
23 years$5,869$4,582$3,539$2,708$2,055$488
24 years$5,565$4,293$3,273$2,469$1,847$406
25 years$5,285$4,029$3,031$2,255$1,662$338
26 years$5,028$3,786$2,811$2,062$1,497$281
27 years$4,790$3,563$2,611$1,887$1,350$234
28 years$4,569$3,358$2,427$1,729$1,218$195
29 years$4,364$3,168$2,258$1,586$1,100$163
30 years$4,173$2,992$2,104$1,455$994$136
31 years$3,995$2,828$1,961$1,337$898$113
32 years$3,828$2,676$1,830$1,228$813$94
33 years$3,671$2,534$1,708$1,130$736$78
34 years$3,524$2,402$1,596$1,039$666$65
35 years$3,386$2,278$1,492$957$603$55
36 years$3,256$2,162$1,396$881$546$45
37 years$3,133$2,054$1,307$812$495$38
38 years$3,017$1,952$1,224$748$449$32
39 years$2,907$1,856$1,146$690$407$26
40 years$2,803$1,766$1,075$636$369$22
41 years$2,704$1,681$1,008$587$335$18
42 years$2,610$1,601$945$542$304$15
43 years$2,521$1,525$887$500$276$13
44 years$2,436$1,454$833$462$250$11
45 years$2,355$1,386$782$427$227$9
46 years$2,277$1,322$734$394$206$7
47 years$2,204$1,262$690$364$187$6
48 years$2,133$1,205$648$336$170$5
49 years$2,066$1,150$609$311$155$4
50 years$2,002$1,099$573$287$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,050,000, adding $4,516 every year, while hoping to spend $45,275 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: 54/29/17 Blend
56$2,050,000$2,050,000$2,050,000$2,050,000
57$2,263,758$2,155,108$2,123,333$2,375,432
58$2,446,489$2,212,536$2,146,293$2,509,638
59$2,646,342$2,271,261$2,168,504$2,650,446
60$2,865,014$2,331,298$2,189,894$2,802,713
61$3,104,375$2,392,662$2,210,386$2,967,542
62$3,366,487$2,455,368$2,229,899$3,146,148
63$3,653,616$2,519,428$2,248,348$3,339,871
64$3,968,260$2,584,855$2,265,643$3,550,184
65$4,313,170$2,651,661$2,281,690$3,778,713
66$4,691,376$2,719,854$2,296,388$4,027,244
67$5,106,214$2,789,445$2,309,635$4,297,749
68$5,561,359$2,860,439$2,321,319$4,592,398
69$6,060,860$2,932,843$2,331,326$4,913,580
70$6,609,176$3,006,660$2,339,533$5,263,930
71$7,211,218$3,081,893$2,345,814$5,646,348
72$7,872,398$3,158,541$2,350,034$6,064,032
73$8,598,675$3,236,603$2,352,053$6,520,502
74$9,396,617$3,316,073$2,351,723$7,019,640
75$10,273,456$3,396,945$2,348,890$7,565,721
76$11,237,162$3,479,208$2,343,392$8,163,455
77$12,296,514$3,562,851$2,335,057$8,818,034
78$13,461,184$3,647,857$2,323,707$9,535,176
79$14,741,830$3,734,206$2,309,156$10,321,186
80$16,150,190$3,821,876$2,291,207$11,183,008
81$17,699,202$3,910,840$2,269,654$12,128,296
82$19,403,115$4,001,067$2,244,283$13,165,483
83$21,277,634$4,092,520$2,214,867$14,303,864
84$23,340,059$4,185,159$2,181,171$15,553,681
85$25,609,452$4,278,940$2,142,948$16,926,220
86$28,106,818$4,373,809$2,099,938$18,433,919
87$30,855,299$4,469,711$2,051,872$20,090,485
88$33,880,395$4,566,583$1,998,465$21,911,025
89$37,210,203$4,664,353$1,939,422$23,912,185
90$40,875,683$4,762,946$1,874,431$26,112,311
91$44,910,948$4,862,276$1,803,170$28,531,620
92$49,353,588$4,962,250$1,725,299$31,192,394
93$54,245,021$5,062,767$1,640,464$34,119,188
94$59,630,887$5,163,717$1,548,293$37,339,062
95$65,561,477$5,264,978$1,448,401$40,881,839
96$72,092,207$5,366,422$1,340,381$44,780,386
97$79,284,140$5,467,904$1,223,812$49,070,923
98$87,204,564$5,569,273$1,098,252$53,793,367
99$95,927,625$5,670,363$963,238$58,991,711
100$105,535,026$5,770,994$818,290$64,714,435