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%16.7%
1 years$176,719$175,145$173,609$172,110$170,647$165,983
2 years$87,485$85,855$84,276$82,745$81,260$76,596
3 years$57,744$56,107$54,532$53,016$51,555$47,035
4 years$42,876$41,245$39,686$38,195$36,769$32,430
5 years$33,958$32,337$30,798$29,337$27,951$23,804
6 years$28,015$26,405$24,889$23,461$22,117$18,165
7 years$23,771$22,175$20,683$19,289$17,987$14,231
8 years$20,590$19,008$17,541$16,181$14,922$11,360
9 years$18,116$16,550$15,108$13,783$12,567$9,195
10 years$16,139$14,588$13,171$11,881$10,707$7,522
11 years$14,522$12,987$11,596$10,340$9,209$6,205
12 years$13,176$11,656$10,291$9,069$7,980$5,152
13 years$12,038$10,534$9,194$8,007$6,959$4,300
14 years$11,063$9,575$8,261$7,108$6,100$3,605
15 years$10,219$8,747$7,459$6,339$5,371$3,033
16 years$9,481$8,025$6,762$5,676$4,747$2,559
17 years$8,831$7,391$6,154$5,100$4,209$2,164
18 years$8,253$6,829$5,617$4,596$3,742$1,834
19 years$7,737$6,330$5,142$4,153$3,336$1,557
20 years$7,273$5,882$4,719$3,761$2,979$1,323
21 years$6,854$5,479$4,341$3,413$2,666$1,126
22 years$6,473$5,114$4,001$3,104$2,390$959
23 years$6,127$4,783$3,694$2,826$2,145$818
24 years$5,809$4,481$3,416$2,578$1,928$698
25 years$5,517$4,206$3,164$2,354$1,735$596
26 years$5,248$3,953$2,935$2,153$1,563$509
27 years$5,000$3,720$2,725$1,970$1,409$435
28 years$4,770$3,505$2,533$1,805$1,271$372
29 years$4,556$3,307$2,358$1,655$1,148$318
30 years$4,356$3,123$2,196$1,519$1,037$272
31 years$4,170$2,952$2,047$1,395$938$233
32 years$3,996$2,793$1,910$1,282$848$199
33 years$3,832$2,645$1,783$1,179$768$171
34 years$3,679$2,507$1,666$1,085$695$146
35 years$3,535$2,378$1,558$999$630$125
36 years$3,399$2,257$1,457$920$570$107
37 years$3,271$2,144$1,364$848$517$92
38 years$3,149$2,037$1,277$781$469$79
39 years$3,034$1,937$1,197$720$425$67
40 years$2,926$1,843$1,122$664$386$58
41 years$2,823$1,754$1,052$613$350$49
42 years$2,725$1,671$987$566$317$42
43 years$2,631$1,592$926$522$288$36
44 years$2,543$1,518$869$482$261$31
45 years$2,458$1,447$816$445$237$27
46 years$2,377$1,381$766$411$216$23
47 years$2,301$1,317$720$380$196$20
48 years$2,227$1,258$677$351$178$17
49 years$2,157$1,201$636$325$161$14
50 years$2,089$1,147$598$300$147$12

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 $3,436 every year, while hoping to spend $35,501 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: 52/41/7 Blend
56$2,140,000$2,140,000$2,140,000$2,140,000
57$2,361,824$2,248,404$2,215,234$2,480,430
58$2,564,958$2,320,803$2,251,672$2,633,726
59$2,787,621$2,395,560$2,288,140$2,796,201
60$3,031,768$2,472,752$2,324,603$2,972,037
61$3,299,552$2,552,461$2,361,021$3,162,501
62$3,593,345$2,634,770$2,397,354$3,368,983
63$3,915,757$2,719,765$2,433,556$3,593,014
64$4,269,666$2,807,535$2,469,582$3,836,278
65$4,658,241$2,898,173$2,505,382$4,100,628
66$5,084,972$2,991,774$2,540,902$4,388,099
67$5,553,704$3,088,436$2,576,088$4,700,936
68$6,068,674$3,188,262$2,610,879$5,041,604
69$6,634,549$3,291,357$2,645,213$5,412,819
70$7,256,469$3,397,830$2,679,024$5,817,570
71$7,940,099$3,507,793$2,712,242$6,259,145
72$8,691,678$3,621,364$2,744,791$6,741,165
73$9,518,082$3,738,664$2,776,594$7,267,616
74$10,426,884$3,859,816$2,807,568$7,842,886
75$11,426,430$3,984,951$2,837,625$8,471,807
76$12,525,913$4,114,201$2,866,673$9,159,698
77$13,735,465$4,247,705$2,894,615$9,912,416
78$15,066,246$4,385,606$2,921,348$10,736,413
79$16,530,554$4,528,051$2,946,764$11,638,790
80$18,141,939$4,675,195$2,970,749$12,627,370
81$19,915,331$4,827,194$2,993,184$13,710,769
82$21,867,182$4,984,213$3,013,942$14,898,475
83$24,015,616$5,146,421$3,032,891$16,200,938
84$26,380,607$5,313,994$3,049,891$17,629,669
85$28,984,163$5,487,113$3,064,796$19,197,346
86$31,850,532$5,665,966$3,077,451$20,917,936
87$35,006,435$5,850,748$3,087,695$22,806,823
88$38,481,315$6,041,658$3,095,356$24,880,952
89$42,307,617$6,238,907$3,100,258$27,158,993
90$46,521,089$6,442,709$3,102,212$29,661,510
91$51,161,125$6,653,286$3,101,021$32,411,160
92$56,271,134$6,870,872$3,096,480$35,432,902
93$61,898,948$7,095,703$3,088,370$38,754,234
94$68,097,277$7,328,028$3,076,467$42,405,449
95$74,924,201$7,568,103$3,060,530$46,419,925
96$82,443,723$7,816,194$3,040,311$50,834,433
97$90,726,369$8,072,574$3,015,548$55,689,488
98$99,849,857$8,337,528$2,985,967$61,029,727
99$109,899,827$8,611,352$2,951,282$66,904,331
100$120,970,650$8,894,349$2,911,191$73,367,490