Can I retire at age 57 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$173,416$171,871$170,364$168,893$167,457$165,639
2 years$85,850$84,251$82,701$81,199$79,741$77,911
3 years$56,665$55,059$53,513$52,025$50,591$48,805
4 years$42,075$40,474$38,944$37,481$36,082$34,354
5 years$33,323$31,732$30,222$28,789$27,429$25,764
6 years$27,491$25,912$24,424$23,023$21,704$20,104
7 years$23,327$21,761$20,296$18,928$17,651$16,117
8 years$20,205$18,653$17,213$15,878$14,643$13,175
9 years$17,778$16,241$14,825$13,525$12,332$10,929
10 years$15,837$14,315$12,925$11,659$10,507$9,169
11 years$14,251$12,744$11,379$10,146$9,037$7,761
12 years$12,930$11,438$10,099$8,900$7,831$6,617
13 years$11,813$10,337$9,023$7,857$6,829$5,675
14 years$10,856$9,396$8,107$6,975$5,986$4,892
15 years$10,028$8,583$7,319$6,220$5,271$4,233
16 years$9,304$7,875$6,636$5,570$4,658$3,676
17 years$8,666$7,253$6,039$5,004$4,130$3,202
18 years$8,099$6,702$5,512$4,510$3,672$2,795
19 years$7,592$6,211$5,046$4,075$3,273$2,446
20 years$7,137$5,772$4,631$3,691$2,924$2,144
21 years$6,726$5,376$4,260$3,350$2,616$1,882
22 years$6,352$5,018$3,926$3,045$2,345$1,655
23 years$6,012$4,694$3,625$2,774$2,105$1,457
24 years$5,700$4,398$3,353$2,530$1,892$1,284
25 years$5,414$4,127$3,105$2,310$1,703$1,132
26 years$5,150$3,879$2,880$2,112$1,534$1,000
27 years$4,906$3,650$2,674$1,934$1,383$883
28 years$4,680$3,440$2,486$1,772$1,248$781
29 years$4,470$3,245$2,313$1,625$1,127$690
30 years$4,275$3,064$2,155$1,491$1,018$611
31 years$4,092$2,897$2,009$1,369$920$541
32 years$3,921$2,741$1,874$1,258$833$479
33 years$3,761$2,596$1,750$1,157$753$424
34 years$3,610$2,460$1,635$1,065$682$376
35 years$3,469$2,334$1,529$980$618$333
36 years$3,335$2,215$1,430$903$560$295
37 years$3,209$2,104$1,339$832$507$262
38 years$3,090$1,999$1,254$767$460$232
39 years$2,978$1,901$1,174$707$417$206
40 years$2,871$1,809$1,101$652$378$183
41 years$2,770$1,722$1,032$602$343$162
42 years$2,674$1,640$968$555$311$144
43 years$2,582$1,562$909$512$283$128
44 years$2,495$1,489$853$473$257$113
45 years$2,412$1,420$801$437$233$101
46 years$2,333$1,355$752$404$211$89
47 years$2,258$1,293$707$373$192$79
48 years$2,185$1,234$664$345$174$70
49 years$2,116$1,179$624$318$158$62
50 years$2,050$1,126$587$294$144$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,100,000, adding $3,109 every year, while hoping to spend $36,763 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: 70/18/12 Blend
56$2,100,000$2,100,000$2,100,000$2,100,000
57$2,317,407$2,206,107$2,173,557$2,473,499
58$2,514,667$2,275,091$2,207,256$2,646,436
59$2,730,815$2,346,222$2,240,851$2,830,874
60$2,967,740$2,419,569$2,274,301$3,031,742
61$3,227,520$2,495,198$2,307,560$3,250,652
62$3,512,445$2,573,181$2,340,582$3,489,377
63$3,825,037$2,653,590$2,373,314$3,749,871
64$4,168,075$2,736,500$2,405,705$4,034,284
65$4,544,619$2,821,989$2,437,696$4,344,984
66$4,958,040$2,910,136$2,469,228$4,684,580
67$5,412,050$3,001,022$2,500,238$5,055,944
68$5,910,741$3,094,734$2,530,657$5,462,238
69$6,458,617$3,191,357$2,560,415$5,906,947
70$7,060,645$3,290,982$2,589,437$6,393,907
71$7,722,291$3,393,700$2,617,644$6,927,345
72$8,449,581$3,499,608$2,644,951$7,511,916
73$9,249,152$3,608,803$2,671,272$8,152,749
74$10,128,318$3,721,387$2,696,512$8,855,491
75$11,095,135$3,837,463$2,720,573$9,626,366
76$12,158,480$3,957,140$2,743,353$10,472,228
77$13,328,133$4,080,528$2,764,744$11,400,631
78$14,614,869$4,207,740$2,784,629$12,419,892
79$16,030,561$4,338,895$2,802,890$13,539,180
80$17,588,291$4,474,113$2,819,399$14,768,590
81$19,302,471$4,613,519$2,834,023$16,119,251
82$21,188,983$4,757,241$2,846,623$17,603,418
83$23,265,325$4,905,413$2,857,051$19,234,598
84$25,550,779$5,058,169$2,865,153$21,027,671
85$28,066,590$5,215,650$2,870,767$22,999,032
86$30,836,167$5,378,001$2,873,722$25,166,745
87$33,885,304$5,545,372$2,873,840$27,550,714
88$37,242,425$5,717,914$2,870,933$30,172,871
89$40,938,847$5,895,788$2,864,804$33,057,381
90$45,009,082$6,079,154$2,855,248$36,230,869
91$49,491,157$6,268,181$2,842,047$39,722,677
92$54,426,975$6,463,042$2,824,976$43,565,132
93$59,862,709$6,663,914$2,803,795$47,793,857
94$65,849,241$6,870,980$2,778,257$52,448,106
95$72,442,635$7,084,430$2,748,100$57,571,131
96$79,704,673$7,304,457$2,713,052$63,210,593
97$87,703,436$7,531,261$2,672,825$69,419,012
98$96,513,942$7,765,048$2,627,120$76,254,260
99$106,218,860$8,006,031$2,575,624$83,780,108
100$116,909,285$8,254,428$2,518,009$92,066,829