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%15.8%
1 years$175,893$174,327$172,798$171,306$169,849$165,810
2 years$87,076$85,454$83,883$82,359$80,881$76,835
3 years$57,474$55,845$54,278$52,768$51,314$47,388
4 years$42,676$41,052$39,500$38,016$36,598$32,822
5 years$33,799$32,185$30,654$29,200$27,821$24,206
6 years$27,884$26,282$24,773$23,352$22,014$18,563
7 years$23,660$22,071$20,586$19,199$17,903$14,617
8 years$20,493$18,919$17,459$16,105$14,852$11,730
9 years$18,032$16,473$15,037$13,718$12,508$9,546
10 years$16,064$14,520$13,110$11,825$10,657$7,853
11 years$14,455$12,926$11,542$10,291$9,166$6,515
12 years$13,115$11,602$10,243$9,027$7,943$5,442
13 years$11,982$10,485$9,151$7,969$6,926$4,570
14 years$11,011$9,530$8,223$7,074$6,071$3,854
15 years$10,171$8,706$7,424$6,309$5,346$3,263
16 years$9,437$7,988$6,731$5,649$4,725$2,771
17 years$8,789$7,356$6,125$5,076$4,189$2,359
18 years$8,215$6,798$5,591$4,574$3,725$2,012
19 years$7,701$6,300$5,118$4,133$3,320$1,720
20 years$7,239$5,854$4,697$3,743$2,966$1,472
21 years$6,822$5,453$4,321$3,397$2,654$1,261
22 years$6,443$5,090$3,982$3,089$2,379$1,082
23 years$6,098$4,761$3,677$2,813$2,135$929
24 years$5,782$4,460$3,400$2,566$1,919$799
25 years$5,491$4,186$3,150$2,343$1,727$687
26 years$5,224$3,934$2,921$2,143$1,556$591
27 years$4,977$3,702$2,712$1,961$1,403$509
28 years$4,747$3,489$2,522$1,797$1,266$438
29 years$4,534$3,291$2,347$1,648$1,143$378
30 years$4,336$3,108$2,186$1,512$1,033$325
31 years$4,150$2,938$2,038$1,389$934$280
32 years$3,977$2,780$1,901$1,276$844$242
33 years$3,815$2,633$1,775$1,174$764$209
34 years$3,662$2,495$1,659$1,080$692$180
35 years$3,518$2,367$1,551$994$627$155
36 years$3,383$2,247$1,451$916$568$134
37 years$3,255$2,134$1,358$844$515$116
38 years$3,135$2,028$1,271$778$467$100
39 years$3,020$1,928$1,191$717$423$86
40 years$2,912$1,835$1,117$661$384$74
41 years$2,809$1,746$1,047$610$348$64
42 years$2,712$1,663$982$563$316$55
43 years$2,619$1,585$922$520$287$48
44 years$2,531$1,510$865$480$260$41
45 years$2,447$1,440$812$443$236$36
46 years$2,366$1,374$763$409$215$31
47 years$2,290$1,311$717$378$195$27
48 years$2,217$1,252$674$350$177$23
49 years$2,147$1,195$633$323$161$20
50 years$2,080$1,142$595$299$146$17

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 $2,687 every year, while hoping to spend $40,155 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: 60/21/19 Blend
56$2,130,000$2,130,000$2,130,000$2,130,000
57$2,350,032$2,237,142$2,204,127$2,479,258
58$2,547,010$2,304,037$2,235,240$2,633,889
59$2,762,735$2,372,864$2,266,050$2,797,843
60$2,999,075$2,443,676$2,296,504$2,975,798
61$3,258,090$2,516,526$2,326,547$3,169,118
62$3,542,048$2,591,468$2,356,118$3,379,301
63$3,853,445$2,668,558$2,385,157$3,608,001
64$4,195,034$2,747,855$2,413,597$3,857,034
65$4,569,844$2,829,416$2,441,369$4,128,405
66$4,981,212$2,913,301$2,468,399$4,424,318
67$5,432,814$2,999,572$2,494,609$4,747,204
68$5,928,701$3,088,291$2,519,918$5,099,737
69$6,473,334$3,179,522$2,544,241$5,484,864
70$7,071,626$3,273,331$2,567,484$5,905,831
71$7,728,991$3,369,783$2,589,554$6,366,214
72$8,451,393$3,468,948$2,610,349$6,869,952
73$9,245,402$3,570,893$2,629,764$7,421,382
74$10,118,258$3,675,692$2,647,685$8,025,286
75$11,077,934$3,783,415$2,663,997$8,686,930
76$12,133,217$3,894,136$2,678,574$9,412,114
77$13,293,787$4,007,930$2,691,288$10,207,230
78$14,570,309$4,124,874$2,702,002$11,079,321
79$15,974,534$4,245,046$2,710,572$12,036,145
80$17,519,408$4,368,525$2,716,848$13,086,250
81$19,219,197$4,495,392$2,720,672$14,239,056
82$21,089,618$4,625,729$2,721,877$15,504,941
83$23,147,989$4,759,620$2,720,290$16,895,339
84$25,413,391$4,897,149$2,715,727$18,422,851
85$27,906,850$5,038,402$2,707,997$20,101,359
86$30,651,532$5,183,468$2,696,899$21,946,163
87$33,672,965$5,332,434$2,682,222$23,974,118
88$36,999,276$5,485,392$2,663,744$26,203,799
89$40,661,459$5,642,432$2,641,236$28,655,674
90$44,693,663$5,803,647$2,614,453$31,352,297
91$49,133,522$5,969,131$2,583,143$34,318,520
92$54,022,502$6,138,979$2,547,038$37,581,731
93$59,406,294$6,313,286$2,505,861$41,172,107
94$65,335,248$6,492,149$2,459,319$45,122,904
95$71,864,844$6,675,666$2,407,108$49,470,768
96$79,056,220$6,863,935$2,348,908$54,256,082
97$86,976,743$7,057,056$2,284,385$59,523,344
98$95,700,648$7,255,129$2,213,189$65,321,595
99$105,309,738$7,458,255$2,134,955$71,704,872
100$115,894,156$7,666,533$2,049,300$78,732,724