Can I retire at age 57 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$176,719$175,145$173,609$172,110$170,647$165,184
2 years$87,485$85,855$84,276$82,745$81,260$75,807
3 years$57,744$56,107$54,532$53,016$51,555$46,282
4 years$42,876$41,245$39,686$38,195$36,769$31,718
5 years$33,958$32,337$30,798$29,337$27,951$23,135
6 years$28,015$26,405$24,889$23,461$22,117$17,539
7 years$23,771$22,175$20,683$19,289$17,987$13,647
8 years$20,590$19,008$17,541$16,181$14,922$10,817
9 years$18,116$16,550$15,108$13,783$12,567$8,692
10 years$16,139$14,588$13,171$11,881$10,707$7,057
11 years$14,522$12,987$11,596$10,340$9,209$5,777
12 years$13,176$11,656$10,291$9,069$7,980$4,758
13 years$12,038$10,534$9,194$8,007$6,959$3,940
14 years$11,063$9,575$8,261$7,108$6,100$3,275
15 years$10,219$8,747$7,459$6,339$5,371$2,732
16 years$9,481$8,025$6,762$5,676$4,747$2,285
17 years$8,831$7,391$6,154$5,100$4,209$1,916
18 years$8,253$6,829$5,617$4,596$3,742$1,609
19 years$7,737$6,330$5,142$4,153$3,336$1,354
20 years$7,273$5,882$4,719$3,761$2,979$1,140
21 years$6,854$5,479$4,341$3,413$2,666$961
22 years$6,473$5,114$4,001$3,104$2,390$811
23 years$6,127$4,783$3,694$2,826$2,145$685
24 years$5,809$4,481$3,416$2,578$1,928$579
25 years$5,517$4,206$3,164$2,354$1,735$490
26 years$5,248$3,953$2,935$2,153$1,563$414
27 years$5,000$3,720$2,725$1,970$1,409$351
28 years$4,770$3,505$2,533$1,805$1,271$297
29 years$4,556$3,307$2,358$1,655$1,148$252
30 years$4,356$3,123$2,196$1,519$1,037$213
31 years$4,170$2,952$2,047$1,395$938$181
32 years$3,996$2,793$1,910$1,282$848$153
33 years$3,832$2,645$1,783$1,179$768$130
34 years$3,679$2,507$1,666$1,085$695$110
35 years$3,535$2,378$1,558$999$630$93
36 years$3,399$2,257$1,457$920$570$79
37 years$3,271$2,144$1,364$848$517$67
38 years$3,149$2,037$1,277$781$469$57
39 years$3,034$1,937$1,197$720$425$48
40 years$2,926$1,843$1,122$664$386$41
41 years$2,823$1,754$1,052$613$350$35
42 years$2,725$1,671$987$566$317$29
43 years$2,631$1,592$926$522$288$25
44 years$2,543$1,518$869$482$261$21
45 years$2,458$1,447$816$445$237$18
46 years$2,377$1,381$766$411$216$15
47 years$2,301$1,317$720$380$196$13
48 years$2,227$1,258$677$351$178$11
49 years$2,157$1,201$636$325$161$9
50 years$2,089$1,147$598$300$147$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,140,000, adding $6,728 every year, while hoping to spend $52,014 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: 72/11/17 Blend
56$2,140,000$2,140,000$2,140,000$2,140,000
57$2,365,220$2,251,800$2,218,630$2,525,711
58$2,551,130$2,306,796$2,237,612$2,688,165
59$2,754,259$2,362,743$2,255,486$2,859,079
60$2,976,310$2,419,633$2,272,161$3,044,909
61$3,219,155$2,477,456$2,287,539$3,247,123
62$3,484,856$2,536,200$2,301,520$3,467,338
63$3,775,686$2,595,848$2,313,995$3,707,335
64$4,094,145$2,656,383$2,324,852$3,969,078
65$4,442,986$2,717,785$2,333,974$4,254,728
66$4,825,244$2,780,029$2,341,235$4,566,667
67$5,244,257$2,843,089$2,346,505$4,907,520
68$5,703,705$2,906,934$2,349,647$5,280,179
69$6,207,640$2,971,531$2,350,517$5,687,829
70$6,760,524$3,036,841$2,348,964$6,133,980
71$7,367,273$3,102,822$2,344,830$6,622,499
72$8,033,302$3,169,426$2,337,948$7,157,650
73$8,764,574$3,236,604$2,328,144$7,744,127
74$9,567,660$3,304,297$2,315,237$8,387,106
75$10,449,797$3,372,443$2,299,033$9,092,287
76$11,418,959$3,440,976$2,279,333$9,865,956
77$12,483,929$3,509,819$2,255,927$10,715,034
78$13,654,383$3,578,894$2,228,594$11,647,153
79$14,940,982$3,648,112$2,197,104$12,670,720
80$16,355,470$3,717,377$2,161,215$13,795,002
81$17,910,787$3,786,588$2,120,675$15,030,207
82$19,621,189$3,855,632$2,075,219$16,387,590
83$21,502,382$3,924,390$2,024,570$17,879,549
84$23,571,671$3,992,731$1,968,440$19,519,750
85$25,848,124$4,060,517$1,906,525$21,323,252
86$28,352,747$4,127,597$1,838,508$23,306,651
87$31,108,687$4,193,809$1,764,058$25,488,235
88$34,141,448$4,258,981$1,682,829$27,888,160
89$37,479,130$4,322,925$1,594,458$30,528,636
90$41,152,696$4,385,444$1,498,567$33,434,143
91$45,196,264$4,446,323$1,394,761$36,631,655
92$49,647,423$4,505,333$1,282,626$40,150,900
93$54,547,597$4,562,231$1,161,731$44,024,642
94$59,942,427$4,616,755$1,031,624$48,288,984
95$65,882,205$4,668,627$891,834$52,983,717
96$72,422,348$4,717,548$741,869$58,152,690
97$79,623,922$4,763,202$581,215$63,844,227
98$87,554,212$4,805,249$409,336$70,111,584
99$96,287,364$4,843,329$225,672$77,013,451
100$105,905,081$4,877,057$29,637$84,614,507