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%13.6%
1 years$170,939$169,416$167,930$166,481$165,065$162,598
2 years$84,623$83,047$81,520$80,039$78,602$76,123
3 years$55,855$54,272$52,749$51,282$49,868$47,453
4 years$41,474$39,896$38,387$36,945$35,567$33,234
5 years$32,847$31,279$29,790$28,378$27,037$24,794
6 years$27,098$25,541$24,075$22,694$21,394$19,243
7 years$22,993$21,450$20,006$18,658$17,399$15,341
8 years$19,916$18,386$16,967$15,652$14,434$12,469
9 years$17,524$16,009$14,614$13,332$12,155$10,282
10 years$15,611$14,111$12,741$11,492$10,357$8,574
11 years$14,047$12,562$11,217$10,002$8,907$7,213
12 years$12,745$11,275$9,954$8,773$7,719$6,110
13 years$11,644$10,189$8,894$7,745$6,731$5,207
14 years$10,701$9,262$7,991$6,875$5,900$4,458
15 years$9,885$8,461$7,215$6,131$5,195$3,832
16 years$9,171$7,763$6,541$5,490$4,592$3,304
17 years$8,542$7,149$5,952$4,933$4,071$2,858
18 years$7,983$6,606$5,434$4,445$3,620$2,477
19 years$7,484$6,122$4,974$4,017$3,226$2,152
20 years$7,035$5,689$4,565$3,638$2,882$1,872
21 years$6,630$5,299$4,199$3,302$2,579$1,632
22 years$6,262$4,947$3,870$3,002$2,312$1,424
23 years$5,926$4,627$3,573$2,734$2,075$1,244
24 years$5,619$4,335$3,305$2,494$1,865$1,087
25 years$5,337$4,068$3,061$2,277$1,678$952
26 years$5,077$3,823$2,839$2,082$1,512$833
27 years$4,836$3,598$2,636$1,906$1,363$730
28 years$4,614$3,391$2,451$1,746$1,230$640
29 years$4,407$3,199$2,280$1,601$1,111$562
30 years$4,214$3,021$2,124$1,470$1,003$493
31 years$4,034$2,856$1,980$1,350$907$433
32 years$3,865$2,702$1,848$1,240$821$380
33 years$3,707$2,559$1,725$1,141$743$334
34 years$3,559$2,425$1,612$1,050$672$293
35 years$3,419$2,300$1,507$966$609$258
36 years$3,288$2,183$1,410$890$552$227
37 years$3,164$2,074$1,320$820$500$199
38 years$3,046$1,971$1,236$756$453$175
39 years$2,935$1,874$1,158$697$411$154
40 years$2,830$1,783$1,085$643$373$136
41 years$2,730$1,697$1,017$593$338$119
42 years$2,635$1,616$954$547$307$105
43 years$2,545$1,540$896$505$279$92
44 years$2,459$1,468$841$466$253$81
45 years$2,378$1,400$789$431$230$71
46 years$2,300$1,335$741$398$208$63
47 years$2,225$1,274$697$368$189$55
48 years$2,154$1,217$655$340$172$49
49 years$2,086$1,162$615$314$156$43
50 years$2,021$1,110$578$290$142$38

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 $3,128 every year, while hoping to spend $29,735 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: 45/37/18 Blend
56$2,070,000$2,070,000$2,070,000$2,070,000
57$2,284,367$2,174,657$2,142,572$2,375,223
58$2,485,734$2,249,577$2,182,710$2,514,070
59$2,706,645$2,327,172$2,223,196$2,661,338
60$2,949,060$2,407,541$2,264,011$2,820,410
61$3,215,141$2,490,788$2,305,133$2,992,394
62$3,507,269$2,577,020$2,346,538$3,178,509
63$3,828,066$2,666,349$2,388,202$3,380,093
64$4,180,420$2,758,891$2,430,099$3,598,620
65$4,567,514$2,854,768$2,472,198$3,835,708
66$4,992,853$2,954,105$2,514,469$4,093,140
67$5,460,300$3,057,031$2,556,880$4,372,875
68$5,974,109$3,163,684$2,599,393$4,677,069
69$6,538,967$3,274,204$2,641,972$5,008,094
70$7,160,039$3,388,737$2,684,576$5,368,562
71$7,843,015$3,507,437$2,727,161$5,761,343
72$8,594,162$3,630,461$2,769,680$6,189,601
73$9,420,388$3,757,975$2,812,086$6,656,815
74$10,329,302$3,890,151$2,854,326$7,166,816
75$11,329,289$4,027,166$2,896,343$7,723,820
76$12,429,586$4,169,206$2,938,080$8,332,470
77$13,640,371$4,316,465$2,979,473$8,997,877
78$14,972,860$4,469,143$3,020,457$9,725,667
79$16,439,410$4,627,449$3,060,960$10,522,037
80$18,053,636$4,791,600$3,100,909$11,393,809
81$19,830,541$4,961,823$3,140,224$12,348,497
82$21,786,658$5,138,354$3,178,822$13,394,375
83$23,940,200$5,321,436$3,216,616$14,540,554
84$26,311,239$5,511,326$3,253,512$15,797,070
85$28,921,893$5,708,288$3,289,411$17,174,974
86$31,796,530$5,912,598$3,324,211$18,686,441
87$34,962,006$6,124,545$3,357,802$20,344,879
88$38,447,911$6,344,428$3,390,068$22,165,056
89$42,286,850$6,572,558$3,420,888$24,163,241
90$46,514,756$6,809,259$3,450,135$26,357,354
91$51,171,218$7,054,871$3,477,672$28,767,134
92$56,299,867$7,309,744$3,503,358$31,414,327
93$61,948,777$7,574,245$3,527,044$34,322,890
94$68,170,926$7,848,756$3,548,573$37,519,211
95$75,024,689$8,133,674$3,567,780$41,032,363
96$82,574,397$8,429,414$3,584,490$44,894,377
97$90,890,937$8,736,406$3,598,521$49,140,540
98$100,052,423$9,055,101$3,609,682$53,809,726
99$110,144,934$9,385,965$3,617,771$58,944,767
100$121,263,328$9,729,488$3,622,577$64,592,853