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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$176,719$175,145$173,609$172,110$170,647$165,582
2 years$87,485$85,855$84,276$82,745$81,260$76,200
3 years$57,744$56,107$54,532$53,016$51,555$46,657
4 years$42,876$41,245$39,686$38,195$36,769$32,072
5 years$33,958$32,337$30,798$29,337$27,951$23,467
6 years$28,015$26,405$24,889$23,461$22,117$17,849
7 years$23,771$22,175$20,683$19,289$17,987$13,936
8 years$20,590$19,008$17,541$16,181$14,922$11,085
9 years$18,116$16,550$15,108$13,783$12,567$8,940
10 years$16,139$14,588$13,171$11,881$10,707$7,286
11 years$14,522$12,987$11,596$10,340$9,209$5,987
12 years$13,176$11,656$10,291$9,069$7,980$4,951
13 years$12,038$10,534$9,194$8,007$6,959$4,116
14 years$11,063$9,575$8,261$7,108$6,100$3,436
15 years$10,219$8,747$7,459$6,339$5,371$2,879
16 years$9,481$8,025$6,762$5,676$4,747$2,418
17 years$8,831$7,391$6,154$5,100$4,209$2,036
18 years$8,253$6,829$5,617$4,596$3,742$1,718
19 years$7,737$6,330$5,142$4,153$3,336$1,452
20 years$7,273$5,882$4,719$3,761$2,979$1,228
21 years$6,854$5,479$4,341$3,413$2,666$1,041
22 years$6,473$5,114$4,001$3,104$2,390$882
23 years$6,127$4,783$3,694$2,826$2,145$749
24 years$5,809$4,481$3,416$2,578$1,928$636
25 years$5,517$4,206$3,164$2,354$1,735$540
26 years$5,248$3,953$2,935$2,153$1,563$459
27 years$5,000$3,720$2,725$1,970$1,409$391
28 years$4,770$3,505$2,533$1,805$1,271$332
29 years$4,556$3,307$2,358$1,655$1,148$283
30 years$4,356$3,123$2,196$1,519$1,037$241
31 years$4,170$2,952$2,047$1,395$938$205
32 years$3,996$2,793$1,910$1,282$848$175
33 years$3,832$2,645$1,783$1,179$768$149
34 years$3,679$2,507$1,666$1,085$695$127
35 years$3,535$2,378$1,558$999$630$108
36 years$3,399$2,257$1,457$920$570$92
37 years$3,271$2,144$1,364$848$517$78
38 years$3,149$2,037$1,277$781$469$67
39 years$3,034$1,937$1,197$720$425$57
40 years$2,926$1,843$1,122$664$386$49
41 years$2,823$1,754$1,052$613$350$41
42 years$2,725$1,671$987$566$317$35
43 years$2,631$1,592$926$522$288$30
44 years$2,543$1,518$869$482$261$26
45 years$2,458$1,447$816$445$237$22
46 years$2,377$1,381$766$411$216$19
47 years$2,301$1,317$720$380$196$16
48 years$2,227$1,258$677$351$178$14
49 years$2,157$1,201$636$325$161$12
50 years$2,089$1,147$598$300$147$10

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 $5,474 every year, while hoping to spend $37,012 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: 46/47/7 Blend
56$2,140,000$2,140,000$2,140,000$2,140,000
57$2,363,926$2,250,506$2,217,336$2,467,894
58$2,565,666$2,321,401$2,252,237$2,610,893
59$2,786,743$2,394,528$2,287,066$2,761,625
60$3,029,091$2,469,960$2,321,782$2,924,269
61$3,294,838$2,547,767$2,356,341$3,099,939
62$3,586,329$2,628,026$2,390,697$3,289,856
63$3,906,149$2,710,813$2,424,799$3,495,364
64$4,257,141$2,796,208$2,458,595$3,717,941
65$4,642,441$2,884,294$2,492,029$3,959,212
66$5,065,499$2,975,154$2,525,042$4,220,966
67$5,530,120$3,068,877$2,557,571$4,505,168
68$6,040,493$3,165,552$2,589,549$4,813,982
69$6,601,231$3,265,272$2,620,908$5,149,787
70$7,217,421$3,368,134$2,651,572$5,515,205
71$7,894,662$3,474,237$2,681,464$5,913,116
72$8,639,125$3,583,682$2,710,500$6,346,694
73$9,457,608$3,696,575$2,738,594$6,819,430
74$10,357,601$3,813,024$2,765,655$7,335,168
75$11,347,356$3,933,142$2,791,584$7,898,139
76$12,435,964$4,057,044$2,816,280$8,513,003
77$13,633,443$4,184,849$2,839,635$9,184,887
78$14,950,828$4,316,681$2,861,537$9,919,439
79$16,400,280$4,452,665$2,881,866$10,722,877
80$17,995,196$4,592,934$2,900,496$11,602,048
81$19,750,340$4,737,622$2,917,297$12,564,494
82$21,681,977$4,886,867$2,932,128$13,618,518
83$23,808,030$5,040,815$2,944,846$14,773,266
84$26,148,246$5,199,612$2,955,296$16,038,811
85$28,724,386$5,363,412$2,963,317$17,426,248
86$31,560,427$5,532,373$2,968,741$18,947,796
87$34,682,788$5,706,656$2,971,391$20,616,915
88$38,120,580$5,886,430$2,971,080$22,448,433
89$41,905,881$6,071,867$2,967,614$24,458,680
90$46,074,039$6,263,147$2,960,787$26,665,650
91$50,664,002$6,460,452$2,950,385$29,089,161
92$55,718,690$6,663,974$2,936,182$31,751,048
93$61,285,395$6,873,907$2,917,943$34,675,363
94$67,416,231$7,090,454$2,895,419$37,888,607
95$74,168,623$7,313,823$2,868,353$41,419,973
96$81,605,851$7,544,230$2,836,471$45,301,626
97$89,797,646$7,781,895$2,799,491$49,569,003
98$98,820,846$8,027,047$2,757,114$54,261,145
99$108,760,123$8,279,923$2,709,028$59,421,070
100$119,708,782$8,540,766$2,654,907$65,096,172