Can I retire at age 57 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$174,242$172,690$171,176$169,698$168,254$166,705
2 years$86,258$84,652$83,095$81,585$80,121$78,561
3 years$56,934$55,321$53,768$52,273$50,832$49,308
4 years$42,275$40,667$39,129$37,659$36,254$34,778
5 years$33,482$31,883$30,366$28,926$27,560$26,137
6 years$27,622$26,035$24,540$23,132$21,807$20,439
7 years$23,438$21,864$20,393$19,018$17,735$16,422
8 years$20,301$18,742$17,295$15,954$14,713$13,455
9 years$17,862$16,318$14,896$13,589$12,390$11,187
10 years$15,913$14,383$12,987$11,714$10,557$9,408
11 years$14,319$12,805$11,433$10,195$9,080$7,984
12 years$12,991$11,493$10,147$8,942$7,868$6,824
13 years$11,869$10,386$9,065$7,895$6,861$5,868
14 years$10,908$9,441$8,145$7,008$6,014$5,071
15 years$10,076$8,624$7,354$6,250$5,296$4,400
16 years$9,348$7,913$6,668$5,596$4,680$3,832
17 years$8,707$7,287$6,067$5,028$4,150$3,346
18 years$8,137$6,734$5,539$4,531$3,690$2,930
19 years$7,629$6,241$5,070$4,094$3,289$2,571
20 years$7,171$5,799$4,653$3,708$2,938$2,261
21 years$6,758$5,402$4,280$3,365$2,629$1,991
22 years$6,383$5,042$3,945$3,060$2,356$1,756
23 years$6,041$4,716$3,642$2,787$2,115$1,550
24 years$5,728$4,419$3,369$2,542$1,901$1,370
25 years$5,440$4,147$3,120$2,321$1,711$1,212
26 years$5,175$3,897$2,894$2,122$1,541$1,074
27 years$4,930$3,668$2,687$1,943$1,389$951
28 years$4,703$3,456$2,498$1,780$1,254$844
29 years$4,492$3,260$2,324$1,632$1,132$749
30 years$4,295$3,079$2,165$1,498$1,023$664
31 years$4,111$2,911$2,019$1,376$925$590
32 years$3,940$2,754$1,883$1,264$837$524
33 years$3,779$2,608$1,758$1,163$757$466
34 years$3,627$2,472$1,643$1,070$685$414
35 years$3,485$2,345$1,536$985$621$368
36 years$3,351$2,225$1,437$907$562$328
37 years$3,225$2,114$1,345$836$510$292
38 years$3,105$2,009$1,260$770$462$259
39 years$2,992$1,910$1,180$710$419$231
40 years$2,885$1,817$1,106$655$380$206
41 years$2,783$1,730$1,037$604$345$183
42 years$2,686$1,647$973$558$313$163
43 years$2,594$1,570$913$515$284$145
44 years$2,507$1,496$857$475$258$129
45 years$2,424$1,427$805$439$234$115
46 years$2,344$1,361$756$406$212$103
47 years$2,268$1,299$710$375$193$91
48 years$2,196$1,240$667$346$175$81
49 years$2,126$1,184$627$320$159$72
50 years$2,060$1,131$590$296$145$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,110,000, adding $5,017 every year, while hoping to spend $54,051 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: 64/23/13 Blend
56$2,110,000$2,110,000$2,110,000$2,110,000
57$2,330,395$2,218,565$2,185,860$2,472,117
58$2,510,585$2,269,765$2,201,577$2,618,738
59$2,707,344$2,321,662$2,216,008$2,772,114
60$2,922,303$2,374,233$2,229,054$2,938,308
61$3,157,260$2,427,453$2,240,610$3,118,568
62$3,414,195$2,481,293$2,250,565$3,314,267
63$3,695,286$2,535,720$2,258,802$3,526,919
64$4,002,934$2,590,698$2,265,200$3,758,192
65$4,339,779$2,646,188$2,269,630$4,009,922
66$4,708,731$2,702,146$2,271,958$4,284,133
67$5,112,995$2,758,525$2,272,042$4,583,054
68$5,556,100$2,815,271$2,269,734$4,909,141
69$6,041,930$2,872,328$2,264,878$5,265,101
70$6,574,767$2,929,632$2,257,312$5,653,916
71$7,159,325$2,987,116$2,246,864$6,078,871
72$7,800,797$3,044,706$2,233,355$6,543,587
73$8,504,903$3,102,320$2,216,596$7,052,054
74$9,277,942$3,159,874$2,196,392$7,608,669
75$10,126,857$3,217,272$2,172,535$8,218,275
76$11,059,291$3,274,413$2,144,810$8,886,211
77$12,083,667$3,331,188$2,112,990$9,618,363
78$13,209,265$3,387,479$2,076,838$10,421,213
79$14,446,305$3,443,161$2,036,107$11,301,906
80$15,806,048$3,498,096$1,990,537$12,268,319
81$17,300,901$3,552,138$1,939,856$13,329,128
82$18,944,532$3,605,132$1,883,780$14,493,899
83$20,752,000$3,656,909$1,822,012$15,773,172
84$22,739,896$3,707,290$1,754,242$17,178,564
85$24,926,500$3,756,082$1,680,144$18,722,877
86$27,331,953$3,803,080$1,599,378$20,420,221
87$29,978,444$3,848,063$1,511,590$22,286,146
88$32,890,425$3,890,797$1,416,407$24,337,791
89$36,094,834$3,931,032$1,313,443$26,594,042
90$39,621,355$3,968,501$1,202,291$29,075,716
91$43,502,694$4,002,918$1,082,528$31,805,755
92$47,774,888$4,033,980$953,713$34,809,443
93$52,477,646$4,061,365$815,381$38,114,647
94$57,654,721$4,084,727$667,052$41,752,076
95$63,354,326$4,103,701$508,221$45,755,579
96$69,629,583$4,117,898$338,362$50,162,458
97$76,539,029$4,126,904$156,926$55,013,824
98$84,147,166$4,130,279$0$60,354,988
99$92,525,070$4,127,556$0$66,240,974
100$101,751,059$4,118,238$0$72,745,286