Can I retire at age 57 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$170,939$169,416$167,930$166,481$165,065$160,748
2 years$84,623$83,047$81,520$80,039$78,602$74,283
3 years$55,855$54,272$52,749$51,282$49,868$45,681
4 years$41,474$39,896$38,387$36,945$35,567$31,544
5 years$32,847$31,279$29,790$28,378$27,037$23,190
6 years$27,098$25,541$24,075$22,694$21,394$17,726
7 years$22,993$21,450$20,006$18,658$17,399$13,911
8 years$19,916$18,386$16,967$15,652$14,434$11,124
9 years$17,524$16,009$14,614$13,332$12,155$9,020
10 years$15,611$14,111$12,741$11,492$10,357$7,393
11 years$14,047$12,562$11,217$10,002$8,907$6,110
12 years$12,745$11,275$9,954$8,773$7,719$5,083
13 years$11,644$10,189$8,894$7,745$6,731$4,251
14 years$10,701$9,262$7,991$6,875$5,900$3,571
15 years$9,885$8,461$7,215$6,131$5,195$3,011
16 years$9,171$7,763$6,541$5,490$4,592$2,546
17 years$8,542$7,149$5,952$4,933$4,071$2,158
18 years$7,983$6,606$5,434$4,445$3,620$1,832
19 years$7,484$6,122$4,974$4,017$3,226$1,559
20 years$7,035$5,689$4,565$3,638$2,882$1,328
21 years$6,630$5,299$4,199$3,302$2,579$1,133
22 years$6,262$4,947$3,870$3,002$2,312$968
23 years$5,926$4,627$3,573$2,734$2,075$827
24 years$5,619$4,335$3,305$2,494$1,865$707
25 years$5,337$4,068$3,061$2,277$1,678$605
26 years$5,077$3,823$2,839$2,082$1,512$518
27 years$4,836$3,598$2,636$1,906$1,363$444
28 years$4,614$3,391$2,451$1,746$1,230$381
29 years$4,407$3,199$2,280$1,601$1,111$326
30 years$4,214$3,021$2,124$1,470$1,003$280
31 years$4,034$2,856$1,980$1,350$907$240
32 years$3,865$2,702$1,848$1,240$821$206
33 years$3,707$2,559$1,725$1,141$743$177
34 years$3,559$2,425$1,612$1,050$672$152
35 years$3,419$2,300$1,507$966$609$130
36 years$3,288$2,183$1,410$890$552$112
37 years$3,164$2,074$1,320$820$500$96
38 years$3,046$1,971$1,236$756$453$82
39 years$2,935$1,874$1,158$697$411$71
40 years$2,830$1,783$1,085$643$373$61
41 years$2,730$1,697$1,017$593$338$52
42 years$2,635$1,616$954$547$307$45
43 years$2,545$1,540$896$505$279$39
44 years$2,459$1,468$841$466$253$33
45 years$2,378$1,400$789$431$230$28
46 years$2,300$1,335$741$398$208$24
47 years$2,225$1,274$697$368$189$21
48 years$2,154$1,217$655$340$172$18
49 years$2,086$1,162$615$314$156$15
50 years$2,021$1,110$578$290$142$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,070,000, adding $5,956 every year, while hoping to spend $47,356 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: 51/26/23 Blend
56$2,070,000$2,070,000$2,070,000$2,070,000
57$2,287,284$2,177,574$2,145,489$2,388,959
58$2,470,200$2,233,888$2,166,976$2,516,325
59$2,670,187$2,291,375$2,187,596$2,649,417
60$2,888,935$2,350,042$2,207,270$2,793,154
61$3,128,307$2,409,894$2,225,914$2,948,564
62$3,390,353$2,470,938$2,243,441$3,116,780
63$3,677,331$2,533,176$2,259,758$3,299,051
64$3,991,727$2,596,610$2,274,768$3,496,751
65$4,336,280$2,661,240$2,288,369$3,711,396
66$4,714,005$2,727,065$2,300,454$3,944,654
67$5,128,224$2,794,082$2,310,910$4,198,364
68$5,582,595$2,862,284$2,319,617$4,474,553
69$6,081,147$2,931,664$2,326,453$4,775,454
70$6,628,320$3,002,211$2,331,284$5,103,527
71$7,229,001$3,073,912$2,333,975$5,461,484
72$7,888,577$3,146,751$2,334,380$5,852,313
73$8,612,979$3,220,709$2,332,349$6,279,308
74$9,408,742$3,295,764$2,327,723$6,746,097
75$10,283,067$3,371,889$2,320,335$7,256,680
76$11,243,884$3,449,055$2,310,010$7,815,465
77$12,299,930$3,527,229$2,296,565$8,427,310
78$13,460,832$3,606,372$2,279,809$9,097,570
79$14,737,194$3,686,442$2,259,540$9,832,145
80$16,140,701$3,767,392$2,235,548$10,637,540
81$17,684,226$3,849,167$2,207,612$11,520,923
82$19,381,952$3,931,710$2,175,502$12,490,193
83$21,249,504$4,014,957$2,138,974$13,554,059
84$23,304,100$4,098,837$2,097,777$14,722,117
85$25,564,710$4,183,272$2,051,644$16,004,946
86$28,052,236$4,268,178$2,000,300$17,414,203
87$30,789,707$4,353,461$1,943,452$18,962,738
88$33,802,498$4,439,022$1,880,799$20,664,713
89$37,118,570$4,524,751$1,812,023$22,535,736
90$40,768,730$4,610,530$1,736,792$24,593,012
91$44,786,924$4,696,230$1,654,758$26,855,502
92$49,210,558$4,781,712$1,565,559$29,344,104
93$54,080,846$4,866,827$1,468,817$32,081,851
94$59,443,203$4,951,413$1,364,134$35,094,131
95$65,347,674$5,035,296$1,251,096$38,408,921
96$71,849,401$5,118,290$1,129,272$42,057,061
97$79,009,146$5,200,192$998,209$46,072,539
98$86,893,865$5,280,788$857,435$50,492,813
99$95,577,338$5,359,845$706,457$55,359,170
100$105,140,864$5,437,115$544,762$60,717,112