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%18.7%
1 years$176,719$175,145$173,609$172,110$170,647$164,657
2 years$87,485$85,855$84,276$82,745$81,260$75,289
3 years$57,744$56,107$54,532$53,016$51,555$45,789
4 years$42,876$41,245$39,686$38,195$36,769$31,254
5 years$33,958$32,337$30,798$29,337$27,951$22,700
6 years$28,015$26,405$24,889$23,461$22,117$17,134
7 years$23,771$22,175$20,683$19,289$17,987$13,271
8 years$20,590$19,008$17,541$16,181$14,922$10,470
9 years$18,116$16,550$15,108$13,783$12,567$8,372
10 years$16,139$14,588$13,171$11,881$10,707$6,763
11 years$14,522$12,987$11,596$10,340$9,209$5,507
12 years$13,176$11,656$10,291$9,069$7,980$4,512
13 years$12,038$10,534$9,194$8,007$6,959$3,716
14 years$11,063$9,575$8,261$7,108$6,100$3,072
15 years$10,219$8,747$7,459$6,339$5,371$2,548
16 years$9,481$8,025$6,762$5,676$4,747$2,119
17 years$8,831$7,391$6,154$5,100$4,209$1,766
18 years$8,253$6,829$5,617$4,596$3,742$1,474
19 years$7,737$6,330$5,142$4,153$3,336$1,233
20 years$7,273$5,882$4,719$3,761$2,979$1,032
21 years$6,854$5,479$4,341$3,413$2,666$865
22 years$6,473$5,114$4,001$3,104$2,390$725
23 years$6,127$4,783$3,694$2,826$2,145$609
24 years$5,809$4,481$3,416$2,578$1,928$511
25 years$5,517$4,206$3,164$2,354$1,735$430
26 years$5,248$3,953$2,935$2,153$1,563$361
27 years$5,000$3,720$2,725$1,970$1,409$304
28 years$4,770$3,505$2,533$1,805$1,271$256
29 years$4,556$3,307$2,358$1,655$1,148$215
30 years$4,356$3,123$2,196$1,519$1,037$181
31 years$4,170$2,952$2,047$1,395$938$152
32 years$3,996$2,793$1,910$1,282$848$128
33 years$3,832$2,645$1,783$1,179$768$108
34 years$3,679$2,507$1,666$1,085$695$91
35 years$3,535$2,378$1,558$999$630$77
36 years$3,399$2,257$1,457$920$570$64
37 years$3,271$2,144$1,364$848$517$54
38 years$3,149$2,037$1,277$781$469$46
39 years$3,034$1,937$1,197$720$425$38
40 years$2,926$1,843$1,122$664$386$32
41 years$2,823$1,754$1,052$613$350$27
42 years$2,725$1,671$987$566$317$23
43 years$2,631$1,592$926$522$288$19
44 years$2,543$1,518$869$482$261$16
45 years$2,458$1,447$816$445$237$14
46 years$2,377$1,381$766$411$216$12
47 years$2,301$1,317$720$380$196$10
48 years$2,227$1,258$677$351$178$8
49 years$2,157$1,201$636$325$161$7
50 years$2,089$1,147$598$300$147$6

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 $2,942 every year, while hoping to spend $20,739 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: 43/35/22 Blend
56$2,140,000$2,140,000$2,140,000$2,140,000
57$2,361,315$2,247,895$2,214,725$2,447,602
58$2,580,103$2,335,975$2,266,852$2,597,184
59$2,820,512$2,427,677$2,320,030$2,756,911
60$3,084,726$2,523,155$2,374,273$2,929,548
61$3,375,150$2,622,572$2,429,593$3,116,299
62$3,694,435$2,726,097$2,486,004$3,318,482
63$4,045,500$2,833,908$2,543,518$3,537,552
64$4,431,562$2,946,191$2,602,146$3,775,101
65$4,856,164$3,063,138$2,661,902$4,032,884
66$5,323,213$3,184,951$2,722,796$4,312,828
67$5,837,010$3,311,843$2,784,838$4,617,052
68$6,402,295$3,444,034$2,848,041$4,947,885
69$7,024,292$3,581,754$2,912,412$5,307,889
70$7,708,754$3,725,244$2,977,963$5,699,882
71$8,462,023$3,874,758$3,044,701$6,126,964
72$9,291,086$4,030,557$3,112,634$6,592,542
73$10,203,640$4,192,917$3,181,771$7,100,368
74$11,208,167$4,362,126$3,252,116$7,654,569
75$12,314,015$4,538,485$3,323,677$8,259,684
76$13,531,481$4,722,307$3,396,457$8,920,712
77$14,871,914$4,913,923$3,470,460$9,643,150
78$16,347,818$5,113,674$3,545,690$10,433,052
79$17,972,972$5,321,921$3,622,147$11,297,077
80$19,762,559$5,539,038$3,699,832$12,242,560
81$21,733,308$5,765,419$3,778,745$13,277,572
82$23,903,656$6,001,475$3,858,883$14,410,998
83$26,293,915$6,247,633$3,940,242$15,652,622
84$28,926,472$6,504,345$4,022,817$17,013,216
85$31,825,992$6,772,078$4,106,602$18,504,637
86$35,019,658$7,051,325$4,191,588$20,139,946
87$38,537,422$7,342,598$4,277,764$21,933,522
88$42,412,288$7,646,435$4,365,119$23,901,198
89$46,680,629$7,963,397$4,453,638$26,060,414
90$51,382,522$8,294,073$4,543,304$28,430,372
91$56,562,133$8,639,076$4,634,098$31,032,223
92$62,268,131$8,999,051$4,726,000$33,889,260
93$68,554,144$9,374,669$4,818,986$37,027,137
94$75,479,273$9,766,634$4,913,028$40,474,112
95$83,108,643$10,175,682$5,008,098$44,261,308
96$91,514,018$10,602,585$5,104,163$48,423,008
97$100,774,483$11,048,146$5,201,188$52,996,975
98$110,977,185$11,513,211$5,299,132$58,024,805
99$122,218,160$11,998,660$5,397,955$63,552,320
100$134,603,235$12,505,417$5,497,609$69,629,995