Can I retire at age 57 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$175,893$174,327$172,798$171,306$169,849$163,175
2 years$87,076$85,454$83,883$82,359$80,881$74,238
3 years$57,474$55,845$54,278$52,768$51,314$44,912
4 years$42,676$41,052$39,500$38,016$36,598$30,485
5 years$33,799$32,185$30,654$29,200$27,821$22,014
6 years$27,884$26,282$24,773$23,352$22,014$16,516
7 years$23,660$22,071$20,586$19,199$17,903$12,712
8 years$20,493$18,919$17,459$16,105$14,852$9,963
9 years$18,032$16,473$15,037$13,718$12,508$7,913
10 years$16,064$14,520$13,110$11,825$10,657$6,348
11 years$14,455$12,926$11,542$10,291$9,166$5,132
12 years$13,115$11,602$10,243$9,027$7,943$4,175
13 years$11,982$10,485$9,151$7,969$6,926$3,412
14 years$11,011$9,530$8,223$7,074$6,071$2,799
15 years$10,171$8,706$7,424$6,309$5,346$2,303
16 years$9,437$7,988$6,731$5,649$4,725$1,900
17 years$8,789$7,356$6,125$5,076$4,189$1,571
18 years$8,215$6,798$5,591$4,574$3,725$1,301
19 years$7,701$6,300$5,118$4,133$3,320$1,079
20 years$7,239$5,854$4,697$3,743$2,966$895
21 years$6,822$5,453$4,321$3,397$2,654$744
22 years$6,443$5,090$3,982$3,089$2,379$619
23 years$6,098$4,761$3,677$2,813$2,135$515
24 years$5,782$4,460$3,400$2,566$1,919$429
25 years$5,491$4,186$3,150$2,343$1,727$357
26 years$5,224$3,934$2,921$2,143$1,556$297
27 years$4,977$3,702$2,712$1,961$1,403$248
28 years$4,747$3,489$2,522$1,797$1,266$207
29 years$4,534$3,291$2,347$1,648$1,143$172
30 years$4,336$3,108$2,186$1,512$1,033$144
31 years$4,150$2,938$2,038$1,389$934$120
32 years$3,977$2,780$1,901$1,276$844$100
33 years$3,815$2,633$1,775$1,174$764$83
34 years$3,662$2,495$1,659$1,080$692$70
35 years$3,518$2,367$1,551$994$627$58
36 years$3,383$2,247$1,451$916$568$48
37 years$3,255$2,134$1,358$844$515$40
38 years$3,135$2,028$1,271$778$467$34
39 years$3,020$1,928$1,191$717$423$28
40 years$2,912$1,835$1,117$661$384$24
41 years$2,809$1,746$1,047$610$348$20
42 years$2,712$1,663$982$563$316$16
43 years$2,619$1,585$922$520$287$14
44 years$2,531$1,510$865$480$260$11
45 years$2,447$1,440$812$443$236$10
46 years$2,366$1,374$763$409$215$8
47 years$2,290$1,311$717$378$195$7
48 years$2,217$1,252$674$350$177$6
49 years$2,147$1,195$633$323$161$5
50 years$2,080$1,142$595$299$146$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,130,000, adding $5,565 every year, while hoping to spend $26,945 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: 61/17/22 Blend
56$2,130,000$2,130,000$2,130,000$2,130,000
57$2,353,000$2,240,110$2,207,095$2,482,593
58$2,564,337$2,321,206$2,252,364$2,652,093
59$2,796,327$2,405,373$2,298,246$2,833,554
60$3,051,049$2,492,733$2,344,733$3,031,004
61$3,330,791$2,583,412$2,391,817$3,246,003
62$3,638,076$2,677,543$2,439,487$3,480,268
63$3,975,681$2,775,264$2,487,731$3,735,689
64$4,346,668$2,876,720$2,536,537$4,014,346
65$4,754,407$2,982,058$2,585,891$4,318,528
66$5,202,614$3,091,436$2,635,775$4,650,756
67$5,695,381$3,205,017$2,686,174$5,013,808
68$6,237,215$3,322,969$2,737,067$5,410,739
69$6,833,086$3,445,469$2,788,433$5,844,916
70$7,488,465$3,572,701$2,840,250$6,320,045
71$8,209,383$3,704,858$2,892,493$6,840,208
72$9,002,483$3,842,138$2,945,134$7,409,901
73$9,875,084$3,984,751$2,998,144$8,034,075
74$10,835,253$4,132,915$3,051,493$8,718,184
75$11,891,876$4,286,855$3,105,145$9,468,233
76$13,054,745$4,446,808$3,159,064$10,290,840
77$14,334,648$4,613,020$3,213,212$11,193,292
78$15,743,473$4,785,749$3,267,545$12,183,615
79$17,294,318$4,965,262$3,322,020$13,270,654
80$19,001,618$5,151,840$3,376,587$14,464,150
81$20,881,276$5,345,773$3,431,195$15,774,833
82$22,950,816$5,547,366$3,485,790$17,214,526
83$25,229,549$5,756,935$3,540,313$18,796,253
84$27,738,750$5,974,813$3,594,701$20,534,362
85$30,501,868$6,201,344$3,648,889$22,444,660
86$33,544,738$6,436,889$3,702,806$24,544,564
87$36,895,828$6,681,823$3,756,376$26,853,261
88$40,586,509$6,936,539$3,809,522$29,391,891
89$44,651,350$7,201,447$3,862,158$32,183,746
90$49,128,442$7,476,973$3,914,195$35,254,487
91$54,059,762$7,763,563$3,965,539$38,632,391
92$59,491,563$8,061,683$4,016,091$42,348,610
93$65,474,816$8,371,819$4,065,743$46,437,470
94$72,065,687$8,694,477$4,114,385$50,936,792
95$79,326,068$9,030,188$4,161,898$55,888,251
96$87,324,163$9,379,503$4,208,157$61,337,764
97$96,135,129$9,743,000$4,253,032$67,335,926
98$105,841,787$10,121,282$4,296,383$73,938,487
99$116,535,401$10,514,976$4,338,064$81,206,876
100$128,316,543$10,924,741$4,377,920$89,208,781