Can I retire at age 57 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$171,764$170,234$168,742$167,285$165,862$160,296
2 years$85,032$83,448$81,913$80,425$78,982$73,429
3 years$56,125$54,534$53,003$51,529$50,109$44,744
4 years$41,674$40,089$38,573$37,124$35,738$30,602
5 years$33,006$31,430$29,934$28,515$27,168$22,274
6 years$27,229$25,665$24,191$22,803$21,497$16,849
7 years$23,104$21,553$20,103$18,748$17,483$13,080
8 years$20,012$18,475$17,049$15,727$14,504$10,344
9 years$17,609$16,086$14,684$13,396$12,214$8,291
10 years$15,687$14,179$12,802$11,548$10,407$6,715
11 years$14,115$12,623$11,271$10,050$8,950$5,482
12 years$12,807$11,329$10,003$8,815$7,756$4,504
13 years$11,700$10,239$8,937$7,782$6,764$3,719
14 years$10,753$9,307$8,030$6,908$5,929$3,083
15 years$9,932$8,502$7,250$6,161$5,220$2,564
16 years$9,215$7,800$6,573$5,517$4,614$2,139
17 years$8,583$7,184$5,981$4,957$4,091$1,788
18 years$8,022$6,638$5,460$4,467$3,637$1,497
19 years$7,520$6,152$4,998$4,036$3,242$1,256
20 years$7,069$5,717$4,587$3,656$2,896$1,054
21 years$6,662$5,325$4,219$3,318$2,591$886
22 years$6,292$4,971$3,889$3,016$2,323$746
23 years$5,955$4,649$3,591$2,747$2,085$628
24 years$5,646$4,356$3,321$2,506$1,874$529
25 years$5,363$4,088$3,076$2,288$1,686$446
26 years$5,101$3,842$2,852$2,092$1,519$376
27 years$4,860$3,616$2,649$1,915$1,370$317
28 years$4,636$3,407$2,462$1,755$1,236$268
29 years$4,428$3,214$2,291$1,609$1,116$226
30 years$4,234$3,035$2,134$1,477$1,008$191
31 years$4,053$2,869$1,990$1,356$912$161
32 years$3,884$2,715$1,857$1,246$825$136
33 years$3,725$2,571$1,733$1,146$746$115
34 years$3,576$2,437$1,620$1,055$676$97
35 years$3,436$2,311$1,514$971$612$82
36 years$3,304$2,194$1,417$894$554$69
37 years$3,179$2,084$1,326$824$503$59
38 years$3,061$1,980$1,242$759$456$50
39 years$2,949$1,883$1,163$700$413$42
40 years$2,844$1,791$1,090$646$375$35
41 years$2,743$1,705$1,022$596$340$30
42 years$2,648$1,624$959$550$309$25
43 years$2,558$1,547$900$508$280$21
44 years$2,471$1,475$845$469$254$18
45 years$2,389$1,407$793$433$231$15
46 years$2,311$1,342$745$400$209$13
47 years$2,236$1,280$700$369$190$11
48 years$2,165$1,222$658$341$173$9
49 years$2,096$1,167$618$315$157$8
50 years$2,031$1,115$581$292$143$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,080,000, adding $6,627 every year, while hoping to spend $26,155 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: 44/45/11 Blend
56$2,080,000$2,080,000$2,080,000$2,080,000
57$2,298,996$2,188,756$2,156,516$2,392,620
58$2,505,665$2,268,176$2,200,930$2,537,817
59$2,732,537$2,350,611$2,245,956$2,691,917
60$2,981,646$2,436,182$2,291,586$2,858,350
61$3,255,232$2,525,012$2,337,812$3,038,260
62$3,555,761$2,617,234$2,384,624$3,232,903
63$3,885,952$2,712,981$2,432,013$3,443,662
64$4,248,799$2,812,397$2,479,965$3,672,052
65$4,647,600$2,915,628$2,528,467$3,919,741
66$5,085,990$3,022,829$2,577,506$4,188,563
67$5,567,972$3,134,159$2,627,063$4,480,533
68$6,097,958$3,249,785$2,677,122$4,797,867
69$6,680,806$3,369,881$2,727,663$5,143,000
70$7,321,873$3,494,629$2,778,663$5,518,613
71$8,027,056$3,624,218$2,830,100$5,927,652
72$8,802,856$3,758,845$2,881,949$6,373,359
73$9,656,434$3,898,715$2,934,181$6,859,302
74$10,595,681$4,044,043$2,986,767$7,389,403
75$11,629,292$4,195,053$3,039,675$7,967,981
76$12,766,846$4,351,976$3,092,871$8,599,786
77$14,018,898$4,515,057$3,146,316$9,290,048
78$15,397,079$4,684,549$3,199,971$10,044,520
79$16,914,205$4,860,716$3,253,794$10,869,538
80$18,584,397$5,043,834$3,307,739$11,772,072
81$20,423,214$5,234,190$3,361,756$12,759,799
82$22,447,801$5,432,084$3,415,794$13,841,166
83$24,677,050$5,637,830$3,469,798$15,025,477
84$27,131,780$5,851,754$3,523,706$16,322,972
85$29,834,929$6,074,198$3,577,458$17,744,929
86$32,811,774$6,305,515$3,630,984$19,303,763
87$36,090,167$6,546,078$3,684,215$21,013,147
88$39,700,803$6,796,274$3,737,075$22,888,139
89$43,677,500$7,056,507$3,789,482$24,945,317
90$48,057,528$7,327,199$3,841,352$27,202,944
91$52,881,953$7,608,789$3,892,596$29,681,129
92$58,196,031$7,901,738$3,943,116$32,402,021
93$64,049,628$8,206,526$3,992,812$35,390,015
94$70,497,696$8,523,652$4,041,578$38,671,982
95$77,600,791$8,853,640$4,089,300$42,277,515
96$85,425,639$9,197,036$4,135,859$46,239,216
97$94,045,773$9,554,410$4,181,130$50,592,992
98$103,542,223$9,926,357$4,224,978$55,378,401
99$114,004,279$10,313,498$4,267,265$60,639,014
100$125,530,339$10,716,482$4,307,841$66,422,832