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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$172,590$171,053$169,553$168,089$166,660$163,095
2 years$85,441$83,849$82,307$80,812$79,362$75,787
3 years$56,395$54,797$53,258$51,777$50,350$46,878
4 years$41,874$40,281$38,758$37,302$35,910$32,567
5 years$33,165$31,581$30,078$28,652$27,298$24,094
6 years$27,360$25,788$24,308$22,913$21,600$18,538
7 years$23,215$21,657$20,200$18,838$17,567$14,647
8 years$20,108$18,564$17,131$15,803$14,573$11,795
9 years$17,693$16,163$14,755$13,461$12,273$9,634
10 years$15,762$14,247$12,864$11,603$10,457$7,955
11 years$14,183$12,683$11,325$10,098$8,993$6,625
12 years$12,868$11,384$10,051$8,857$7,794$5,555
13 years$11,757$10,288$8,980$7,820$6,796$4,683
14 years$10,804$9,351$8,068$6,942$5,957$3,966
15 years$9,980$8,543$7,284$6,191$5,245$3,372
16 years$9,259$7,838$6,604$5,543$4,636$2,875
17 years$8,624$7,218$6,010$4,980$4,111$2,458
18 years$8,060$6,670$5,486$4,488$3,655$2,106
19 years$7,556$6,182$5,022$4,056$3,258$1,808
20 years$7,103$5,744$4,609$3,673$2,910$1,555
21 years$6,694$5,351$4,240$3,334$2,604$1,339
22 years$6,322$4,995$3,907$3,031$2,334$1,154
23 years$5,983$4,671$3,608$2,760$2,095$995
24 years$5,673$4,377$3,337$2,518$1,883$859
25 years$5,388$4,107$3,090$2,299$1,695$743
26 years$5,126$3,860$2,866$2,102$1,526$642
27 years$4,883$3,633$2,662$1,924$1,376$556
28 years$4,658$3,423$2,474$1,763$1,242$481
29 years$4,449$3,229$2,302$1,617$1,121$416
30 years$4,254$3,050$2,145$1,484$1,013$361
31 years$4,072$2,883$1,999$1,363$916$312
32 years$3,902$2,728$1,865$1,252$829$271
33 years$3,743$2,584$1,742$1,152$750$235
34 years$3,593$2,449$1,627$1,060$679$203
35 years$3,452$2,322$1,522$975$615$176
36 years$3,319$2,204$1,423$898$557$153
37 years$3,194$2,094$1,332$828$505$133
38 years$3,076$1,990$1,248$763$458$115
39 years$2,964$1,892$1,169$703$415$100
40 years$2,857$1,800$1,096$649$377$87
41 years$2,757$1,714$1,027$599$342$75
42 years$2,661$1,632$964$552$310$65
43 years$2,570$1,555$904$510$281$57
44 years$2,483$1,482$849$471$255$49
45 years$2,401$1,413$797$435$232$43
46 years$2,322$1,348$749$402$210$37
47 years$2,247$1,287$703$371$191$32
48 years$2,175$1,228$661$343$174$28
49 years$2,106$1,173$621$317$158$24
50 years$2,041$1,120$584$293$143$21

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 $3,329 every year, while hoping to spend $34,549 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: 66/13/21 Blend
56$2,090,000$2,090,000$2,090,000$2,090,000
57$2,306,614$2,195,844$2,163,449$2,446,361
58$2,505,129$2,266,680$2,199,165$2,611,400
59$2,722,734$2,339,830$2,234,919$2,787,498
60$2,961,341$2,415,369$2,270,676$2,979,200
61$3,223,053$2,493,378$2,306,400$3,188,039
62$3,510,189$2,573,939$2,342,049$3,415,705
63$3,825,303$2,657,136$2,377,582$3,664,056
64$4,171,205$2,743,057$2,412,953$3,935,141
65$4,550,996$2,831,794$2,448,114$4,231,215
66$4,968,085$2,923,440$2,483,014$4,554,761
67$5,426,235$3,018,093$2,517,599$4,908,516
68$5,929,584$3,115,854$2,551,812$5,295,493
69$6,482,696$3,216,825$2,585,593$5,719,011
70$7,090,597$3,321,115$2,618,876$6,182,727
71$7,758,824$3,428,836$2,651,594$6,690,668
72$8,493,477$3,540,102$2,683,676$7,247,272
73$9,301,277$3,655,032$2,715,044$7,857,427
74$10,189,629$3,773,750$2,745,620$8,526,517
75$11,166,691$3,896,384$2,775,318$9,260,476
76$12,241,451$4,023,065$2,804,049$10,065,840
77$13,423,814$4,153,929$2,831,718$10,949,811
78$14,724,689$4,289,118$2,858,228$11,920,321
79$16,156,101$4,428,779$2,883,472$12,986,114
80$17,731,297$4,573,062$2,907,341$14,156,821
81$19,464,871$4,722,124$2,929,719$15,443,053
82$21,372,906$4,876,126$2,950,483$16,856,504
83$23,473,124$5,035,238$2,969,506$18,410,058
84$25,785,050$5,199,632$2,986,651$20,117,910
85$28,330,198$5,369,487$3,001,778$21,995,703
86$31,132,277$5,544,990$3,014,736$24,060,673
87$34,217,408$5,726,334$3,025,368$26,331,810
88$37,614,376$5,913,716$3,033,510$28,830,043
89$41,354,899$6,107,345$3,038,989$31,578,432
90$45,473,926$6,307,433$3,041,624$34,602,385
91$50,009,971$6,514,201$3,041,222$37,929,903
92$55,005,469$6,727,879$3,037,585$41,591,839
93$60,507,185$6,948,702$3,030,501$45,622,192
94$66,566,647$7,176,918$3,019,753$50,058,425
95$73,240,638$7,412,780$3,005,107$54,941,824
96$80,591,728$7,656,551$2,986,323$60,317,879
97$88,688,867$7,908,504$2,963,147$66,236,722
98$97,608,032$8,168,921$2,935,313$72,753,595
99$107,432,948$8,438,096$2,902,543$79,929,371
100$118,255,876$8,716,330$2,864,546$87,831,133