Can I retire at age 57 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$175,068$173,508$171,987$170,502$169,052$166,251
2 years$86,667$85,053$83,489$81,972$80,501$77,687
3 years$57,204$55,583$54,023$52,520$51,073$48,334
4 years$42,476$40,859$39,315$37,838$36,426$33,783
5 years$33,641$32,034$30,510$29,063$27,690$25,151
6 years$27,753$26,158$24,656$23,242$21,910$19,478
7 years$23,549$21,968$20,490$19,109$17,819$15,493
8 years$20,397$18,830$17,377$16,030$14,783$12,564
9 years$17,947$16,395$14,967$13,654$12,449$10,336
10 years$15,988$14,452$13,048$11,770$10,607$8,597
11 years$14,387$12,865$11,488$10,243$9,123$7,214
12 years$13,053$11,547$10,195$8,985$7,905$6,096
13 years$11,925$10,435$9,108$7,932$6,894$5,181
14 years$10,960$9,486$8,184$7,041$6,043$4,424
15 years$10,123$8,665$7,389$6,280$5,321$3,792
16 years$9,392$7,950$6,699$5,623$4,702$3,261
17 years$8,748$7,322$6,096$5,052$4,170$2,812
18 years$8,176$6,766$5,565$4,553$3,707$2,431
19 years$7,665$6,270$5,094$4,114$3,304$2,105
20 years$7,205$5,827$4,675$3,726$2,952$1,826
21 years$6,790$5,427$4,300$3,381$2,641$1,587
22 years$6,413$5,066$3,964$3,075$2,368$1,380
23 years$6,069$4,738$3,660$2,800$2,125$1,202
24 years$5,755$4,440$3,385$2,554$1,910$1,048
25 years$5,466$4,166$3,135$2,332$1,719$914
26 years$5,199$3,916$2,907$2,132$1,548$798
27 years$4,953$3,685$2,700$1,952$1,396$697
28 years$4,725$3,472$2,510$1,788$1,260$609
29 years$4,513$3,276$2,336$1,640$1,137$533
30 years$4,315$3,094$2,175$1,505$1,028$466
31 years$4,131$2,925$2,028$1,382$929$408
32 years$3,958$2,767$1,892$1,270$840$357
33 years$3,797$2,621$1,767$1,168$761$312
34 years$3,645$2,484$1,651$1,075$689$274
35 years$3,502$2,356$1,543$989$624$240
36 years$3,367$2,236$1,444$911$565$210
37 years$3,240$2,124$1,351$840$512$184
38 years$3,120$2,018$1,266$774$464$161
39 years$3,006$1,919$1,186$714$421$141
40 years$2,898$1,826$1,111$658$382$124
41 years$2,796$1,738$1,042$607$347$109
42 years$2,699$1,655$977$560$314$95
43 years$2,607$1,577$917$517$285$83
44 years$2,519$1,503$861$478$259$73
45 years$2,435$1,434$808$441$235$64
46 years$2,355$1,368$759$407$214$56
47 years$2,279$1,305$713$376$194$49
48 years$2,206$1,246$670$348$176$43
49 years$2,137$1,190$630$321$160$38
50 years$2,070$1,137$592$297$145$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,120,000, adding $2,407 every year, while hoping to spend $59,292 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: 73/11/16 Blend
56$2,120,000$2,120,000$2,120,000$2,120,000
57$2,338,723$2,226,363$2,193,503$2,500,815
58$2,514,186$2,272,368$2,203,899$2,654,583
59$2,705,560$2,318,641$2,212,656$2,815,492
60$2,914,404$2,365,131$2,219,657$2,990,196
61$3,142,435$2,411,785$2,224,778$3,180,048
62$3,391,545$2,458,544$2,227,889$3,386,543
63$3,663,814$2,505,344$2,228,855$3,611,324
64$3,961,535$2,552,117$2,227,533$3,856,205
65$4,287,229$2,598,788$2,223,773$4,123,180
66$4,643,674$2,645,277$2,217,418$4,414,450
67$5,033,931$2,691,498$2,208,303$4,732,439
68$5,461,366$2,737,355$2,196,255$5,079,817
69$5,929,690$2,782,751$2,181,095$5,459,527
70$6,442,988$2,827,575$2,162,631$5,874,812
71$7,005,759$2,871,713$2,140,665$6,329,246
72$7,622,959$2,915,039$2,114,990$6,826,765
73$8,300,046$2,957,420$2,085,387$7,371,711
74$9,043,031$2,998,714$2,051,628$7,968,865
75$9,858,536$3,038,768$2,013,474$8,623,497
76$10,753,856$3,077,417$1,970,674$9,341,416
77$11,737,026$3,114,487$1,922,968$10,129,021
78$12,816,897$3,149,791$1,870,082$10,993,368
79$14,003,220$3,183,130$1,811,729$11,942,230
80$15,306,736$3,214,291$1,747,610$12,984,174
81$16,739,279$3,243,047$1,677,411$14,128,642
82$18,313,886$3,269,157$1,600,804$15,386,042
83$20,044,920$3,292,363$1,517,449$16,767,840
84$21,948,204$3,312,391$1,426,986$18,286,675
85$24,041,173$3,328,950$1,329,041$19,956,479
86$26,343,033$3,341,729$1,223,225$21,792,601
87$28,874,947$3,350,399$1,109,128$23,811,962
88$31,660,231$3,354,608$986,323$26,033,207
89$34,724,576$3,353,985$854,366$28,476,886
90$38,096,287$3,348,134$712,791$31,165,650
91$41,806,550$3,336,635$561,113$34,124,457
92$45,889,731$3,319,043$398,822$37,380,817
93$50,383,692$3,294,884$225,391$40,965,049
94$55,330,153$3,263,658$40,266$44,910,564
95$60,775,083$3,224,832$0$49,254,189
96$66,769,136$3,177,843$0$54,063,360
97$73,368,125$3,122,095$0$59,365,032
98$80,633,550$3,056,953$0$65,201,725
99$88,633,177$2,981,749$0$71,627,876
100$97,441,678$2,895,772$0$78,703,474