Can I retire at age 57 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$172,590$171,053$169,553$168,089$166,660$160,237
2 years$85,441$83,849$82,307$80,812$79,362$72,968
3 years$56,395$54,797$53,258$51,777$50,350$44,186
4 years$41,874$40,281$38,758$37,302$35,910$30,023
5 years$33,165$31,581$30,078$28,652$27,298$21,703
6 years$27,360$25,788$24,308$22,913$21,600$16,300
7 years$23,215$21,657$20,200$18,838$17,567$12,561
8 years$20,108$18,564$17,131$15,803$14,573$9,856
9 years$17,693$16,163$14,755$13,461$12,273$7,838
10 years$15,762$14,247$12,864$11,603$10,457$6,296
11 years$14,183$12,683$11,325$10,098$8,993$5,097
12 years$12,868$11,384$10,051$8,857$7,794$4,151
13 years$11,757$10,288$8,980$7,820$6,796$3,397
14 years$10,804$9,351$8,068$6,942$5,957$2,791
15 years$9,980$8,543$7,284$6,191$5,245$2,300
16 years$9,259$7,838$6,604$5,543$4,636$1,900
17 years$8,624$7,218$6,010$4,980$4,111$1,573
18 years$8,060$6,670$5,486$4,488$3,655$1,305
19 years$7,556$6,182$5,022$4,056$3,258$1,084
20 years$7,103$5,744$4,609$3,673$2,910$901
21 years$6,694$5,351$4,240$3,334$2,604$750
22 years$6,322$4,995$3,907$3,031$2,334$624
23 years$5,983$4,671$3,608$2,760$2,095$520
24 years$5,673$4,377$3,337$2,518$1,883$434
25 years$5,388$4,107$3,090$2,299$1,695$362
26 years$5,126$3,860$2,866$2,102$1,526$302
27 years$4,883$3,633$2,662$1,924$1,376$252
28 years$4,658$3,423$2,474$1,763$1,242$211
29 years$4,449$3,229$2,302$1,617$1,121$176
30 years$4,254$3,050$2,145$1,484$1,013$147
31 years$4,072$2,883$1,999$1,363$916$123
32 years$3,902$2,728$1,865$1,252$829$103
33 years$3,743$2,584$1,742$1,152$750$86
34 years$3,593$2,449$1,627$1,060$679$72
35 years$3,452$2,322$1,522$975$615$60
36 years$3,319$2,204$1,423$898$557$50
37 years$3,194$2,094$1,332$828$505$42
38 years$3,076$1,990$1,248$763$458$35
39 years$2,964$1,892$1,169$703$415$29
40 years$2,857$1,800$1,096$649$377$24
41 years$2,757$1,714$1,027$599$342$20
42 years$2,661$1,632$964$552$310$17
43 years$2,570$1,555$904$510$281$14
44 years$2,483$1,482$849$471$255$12
45 years$2,401$1,413$797$435$232$10
46 years$2,322$1,348$749$402$210$8
47 years$2,247$1,287$703$371$191$7
48 years$2,175$1,228$661$343$174$6
49 years$2,106$1,173$621$317$158$5
50 years$2,041$1,120$584$293$143$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,090,000, adding $4,014 every year, while hoping to spend $39,327 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: 72/9/19 Blend
56$2,090,000$2,090,000$2,090,000$2,090,000
57$2,307,320$2,196,550$2,164,155$2,462,712
58$2,500,824$2,262,338$2,194,811$2,632,349
59$2,712,746$2,330,031$2,225,175$2,812,961
60$2,944,925$2,399,681$2,255,198$3,009,766
61$3,199,383$2,471,342$2,284,823$3,224,365
62$3,478,350$2,545,067$2,313,994$3,458,519
63$3,784,279$2,620,913$2,342,651$3,714,168
64$4,119,874$2,698,936$2,370,728$3,993,452
65$4,488,112$2,779,194$2,398,158$4,298,724
66$4,892,272$2,861,748$2,424,869$4,632,578
67$5,335,968$2,946,657$2,450,786$4,997,871
68$5,823,178$3,033,985$2,475,829$5,397,752
69$6,358,286$3,123,794$2,499,913$5,835,688
70$6,946,121$3,216,150$2,522,950$6,315,499
71$7,592,003$3,311,119$2,544,847$6,841,394
72$8,301,793$3,408,769$2,565,504$7,418,011
73$9,081,946$3,509,169$2,584,819$8,050,459
74$9,939,576$3,612,390$2,602,682$8,744,366
75$10,882,519$3,718,503$2,618,978$9,505,936
76$11,919,409$3,827,583$2,633,587$10,342,001
77$13,059,759$3,939,705$2,646,382$11,260,092
78$14,314,048$4,054,944$2,657,230$12,268,505
79$15,693,824$4,173,380$2,665,990$13,376,383
80$17,211,809$4,295,090$2,672,516$14,593,798
81$18,882,021$4,420,157$2,676,652$15,931,850
82$20,719,904$4,548,662$2,678,237$17,402,770
83$22,742,477$4,680,689$2,677,101$19,020,035
84$24,968,490$4,816,323$2,673,064$20,798,497
85$27,418,605$4,955,651$2,665,940$22,754,520
86$30,115,586$5,098,761$2,655,533$24,906,136
87$33,084,518$5,245,743$2,641,635$27,273,217
88$36,353,041$5,396,687$2,624,032$29,877,661
89$39,951,611$5,551,684$2,602,497$32,743,597
90$43,913,789$5,710,830$2,576,794$35,897,615
91$48,276,552$5,874,217$2,546,673$39,369,016
92$53,080,649$6,041,943$2,511,876$43,190,090
93$58,370,981$6,214,103$2,472,129$47,396,418
94$64,197,023$6,390,797$2,427,148$52,027,211
95$70,613,297$6,572,123$2,376,635$57,125,678
96$77,679,878$6,758,182$2,320,276$62,739,435
97$85,462,967$6,949,075$2,257,747$68,920,953
98$94,035,513$7,144,902$2,188,705$75,728,057
99$103,477,901$7,345,769$2,112,793$83,224,466
100$113,878,712$7,551,776$2,029,636$91,480,402