Can I retire at age 57 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$177,545$175,964$174,421$172,915$171,444$165,033
2 years$87,894$86,257$84,670$83,132$81,640$75,254
3 years$58,014$56,370$54,787$53,263$51,796$45,637
4 years$43,077$41,438$39,871$38,373$36,941$31,055
5 years$34,117$32,488$30,942$29,474$28,082$22,485
6 years$28,145$26,529$25,005$23,571$22,220$16,915
7 years$23,882$22,279$20,780$19,379$18,071$13,057
8 years$20,686$19,097$17,623$16,257$14,992$10,264
9 years$18,201$16,627$15,178$13,847$12,625$8,177
10 years$16,215$14,656$13,233$11,936$10,757$6,581
11 years$14,590$13,048$11,650$10,388$9,252$5,338
12 years$13,238$11,711$10,339$9,112$8,017$4,356
13 years$12,094$10,583$9,237$8,044$6,991$3,572
14 years$11,115$9,620$8,300$7,141$6,128$2,941
15 years$10,267$8,788$7,494$6,368$5,396$2,429
16 years$9,525$8,063$6,794$5,702$4,769$2,011
17 years$8,872$7,425$6,182$5,123$4,229$1,669
18 years$8,292$6,861$5,644$4,617$3,760$1,387
19 years$7,773$6,359$5,166$4,172$3,351$1,155
20 years$7,307$5,909$4,742$3,779$2,993$962
21 years$6,886$5,504$4,361$3,429$2,679$803
22 years$6,504$5,138$4,020$3,118$2,401$670
23 years$6,155$4,805$3,711$2,840$2,155$560
24 years$5,836$4,502$3,432$2,590$1,937$468
25 years$5,543$4,225$3,179$2,365$1,743$391
26 years$5,273$3,971$2,948$2,163$1,570$327
27 years$5,023$3,737$2,738$1,980$1,416$274
28 years$4,792$3,522$2,545$1,814$1,277$229
29 years$4,577$3,322$2,369$1,663$1,153$192
30 years$4,376$3,137$2,206$1,526$1,042$161
31 years$4,189$2,966$2,057$1,402$942$135
32 years$4,014$2,806$1,919$1,288$852$113
33 years$3,850$2,658$1,792$1,185$771$94
34 years$3,696$2,519$1,674$1,090$698$79
35 years$3,551$2,389$1,565$1,003$633$66
36 years$3,415$2,268$1,464$924$573$56
37 years$3,286$2,154$1,370$852$519$47
38 years$3,164$2,047$1,283$785$471$39
39 years$3,049$1,946$1,202$724$427$33
40 years$2,939$1,852$1,127$667$387$27
41 years$2,836$1,763$1,057$616$351$23
42 years$2,737$1,679$991$568$319$19
43 years$2,644$1,599$930$525$289$16
44 years$2,555$1,525$873$484$263$14
45 years$2,470$1,454$820$447$238$11
46 years$2,389$1,387$770$413$217$10
47 years$2,311$1,324$723$382$197$8
48 years$2,237$1,264$680$353$179$7
49 years$2,167$1,207$639$326$162$6
50 years$2,099$1,153$601$301$147$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,150,000, adding $4,860 every year, while hoping to spend $23,083 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: 65/15/20 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,374,313$2,260,363$2,227,038$2,516,315
58$2,591,933$2,346,561$2,277,084$2,698,479
59$2,830,976$2,436,208$2,328,032$2,894,406
60$3,093,604$2,529,451$2,379,890$3,107,981
61$3,382,197$2,626,439$2,432,661$3,340,935
62$3,699,377$2,727,331$2,486,351$3,595,172
63$4,048,033$2,832,290$2,540,964$3,872,789
64$4,431,349$2,941,489$2,596,503$4,176,093
65$4,852,832$3,055,107$2,652,971$4,507,626
66$5,316,344$3,173,330$2,710,369$4,870,183
67$5,826,144$3,296,356$2,768,698$5,266,847
68$6,386,920$3,424,387$2,827,959$5,701,008
69$7,003,840$3,557,636$2,888,150$6,176,401
70$7,682,598$3,696,326$2,949,269$6,697,139
71$8,429,467$3,840,690$3,011,314$7,267,752
72$9,251,358$3,990,970$3,074,279$7,893,227
73$10,155,889$4,147,419$3,138,159$8,579,059
74$11,151,449$4,310,302$3,202,947$9,331,299
75$12,247,286$4,479,896$3,268,635$10,156,613
76$13,453,587$4,656,490$3,335,212$11,062,340
77$14,781,580$4,840,384$3,402,668$12,056,569
78$16,243,632$5,031,894$3,470,989$13,148,205
79$17,853,376$5,231,350$3,540,160$14,347,062
80$19,625,829$5,439,096$3,610,165$15,663,949
81$21,577,543$5,655,490$3,680,984$17,110,772
82$23,726,752$5,880,909$3,752,597$18,700,649
83$26,093,552$6,115,744$3,824,980$20,448,032
84$28,700,085$6,360,407$3,898,108$22,368,840
85$31,570,753$6,615,326$3,971,953$24,480,614
86$34,732,441$6,880,948$4,046,485$26,802,676
87$38,214,777$7,157,742$4,121,670$29,356,316
88$42,050,410$7,446,197$4,197,472$32,164,989
89$46,275,316$7,746,825$4,273,851$35,254,539
90$50,929,140$8,060,161$4,350,766$38,653,436
91$56,055,565$8,386,762$4,428,170$42,393,053
92$61,702,734$8,727,214$4,506,015$46,507,953
93$67,923,693$9,082,128$4,584,246$51,036,221
94$74,776,899$9,452,141$4,662,808$56,019,816
95$82,326,769$9,837,923$4,741,639$61,504,975
96$90,644,288$10,240,170$4,820,673$67,542,640
97$99,807,681$10,659,614$4,899,840$74,188,944
98$109,903,146$11,097,017$4,979,067$81,505,736
99$121,025,674$11,553,177$5,058,273$89,561,166
100$133,279,941$12,028,931$5,137,373$98,430,329