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%13%
1 years$177,545$175,964$174,421$172,915$171,444$169,302
2 years$87,894$86,257$84,670$83,132$81,640$79,484
3 years$58,014$56,370$54,787$53,263$51,796$49,694
4 years$43,077$41,438$39,871$38,373$36,941$34,909
5 years$34,117$32,488$30,942$29,474$28,082$26,126
6 years$28,145$26,529$25,005$23,571$22,220$20,342
7 years$23,882$22,279$20,780$19,379$18,071$16,272
8 years$20,686$19,097$17,623$16,257$14,992$13,271
9 years$18,201$16,627$15,178$13,847$12,625$10,982
10 years$16,215$14,656$13,233$11,936$10,757$9,191
11 years$14,590$13,048$11,650$10,388$9,252$7,761
12 years$13,238$11,711$10,339$9,112$8,017$6,600
13 years$12,094$10,583$9,237$8,044$6,991$5,646
14 years$11,115$9,620$8,300$7,141$6,128$4,853
15 years$10,267$8,788$7,494$6,368$5,396$4,189
16 years$9,525$8,063$6,794$5,702$4,769$3,627
17 years$8,872$7,425$6,182$5,123$4,229$3,150
18 years$8,292$6,861$5,644$4,617$3,760$2,743
19 years$7,773$6,359$5,166$4,172$3,351$2,393
20 years$7,307$5,909$4,742$3,779$2,993$2,092
21 years$6,886$5,504$4,361$3,429$2,679$1,831
22 years$6,504$5,138$4,020$3,118$2,401$1,605
23 years$6,155$4,805$3,711$2,840$2,155$1,408
24 years$5,836$4,502$3,432$2,590$1,937$1,237
25 years$5,543$4,225$3,179$2,365$1,743$1,088
26 years$5,273$3,971$2,948$2,163$1,570$957
27 years$5,023$3,737$2,738$1,980$1,416$843
28 years$4,792$3,522$2,545$1,814$1,277$743
29 years$4,577$3,322$2,369$1,663$1,153$655
30 years$4,376$3,137$2,206$1,526$1,042$577
31 years$4,189$2,966$2,057$1,402$942$509
32 years$4,014$2,806$1,919$1,288$852$450
33 years$3,850$2,658$1,792$1,185$771$397
34 years$3,696$2,519$1,674$1,090$698$351
35 years$3,551$2,389$1,565$1,003$633$310
36 years$3,415$2,268$1,464$924$573$274
37 years$3,286$2,154$1,370$852$519$242
38 years$3,164$2,047$1,283$785$471$214
39 years$3,049$1,946$1,202$724$427$189
40 years$2,939$1,852$1,127$667$387$167
41 years$2,836$1,763$1,057$616$351$148
42 years$2,737$1,679$991$568$319$131
43 years$2,644$1,599$930$525$289$115
44 years$2,555$1,525$873$484$263$102
45 years$2,470$1,454$820$447$238$90
46 years$2,389$1,387$770$413$217$80
47 years$2,311$1,324$723$382$197$71
48 years$2,237$1,264$680$353$179$63
49 years$2,167$1,207$639$326$162$55
50 years$2,099$1,153$601$301$147$49

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 $3,852 every year, while hoping to spend $44,988 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: 59/28/13 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,373,273$2,259,323$2,225,998$2,505,426
58$2,567,480$2,322,163$2,252,702$2,657,798
59$2,779,989$2,386,575$2,278,793$2,818,509
60$3,012,617$2,452,587$2,304,203$2,992,684
61$3,267,370$2,520,229$2,328,859$3,181,625
62$3,546,453$2,589,531$2,352,687$3,386,766
63$3,852,295$2,660,522$2,375,606$3,609,682
64$4,187,572$2,733,231$2,397,532$3,852,113
65$4,555,232$2,807,686$2,418,376$4,115,969
66$4,958,519$2,883,917$2,438,045$4,403,358
67$5,401,009$2,961,950$2,456,441$4,716,599
68$5,886,640$3,041,813$2,473,460$5,058,246
69$6,419,749$3,123,534$2,488,993$5,431,114
70$7,005,114$3,207,138$2,502,925$5,838,301
71$7,647,999$3,292,651$2,515,136$6,283,221
72$8,354,202$3,380,098$2,525,500$6,769,634
73$9,130,110$3,469,502$2,533,884$7,301,682
74$9,982,759$3,560,886$2,540,147$7,883,928
75$10,919,902$3,654,271$2,544,143$8,521,399
76$11,950,079$3,749,677$2,545,719$9,219,634
77$13,082,699$3,847,123$2,544,713$9,984,734
78$14,328,129$3,946,626$2,540,955$10,823,421
79$15,697,788$4,048,201$2,534,267$11,743,101
80$17,204,261$4,151,861$2,524,463$12,751,936
81$18,861,410$4,257,617$2,511,348$13,858,916
82$20,684,512$4,365,479$2,494,716$15,073,947
83$22,690,396$4,475,451$2,474,353$16,407,947
84$24,897,607$4,587,538$2,450,034$17,872,942
85$27,326,576$4,701,741$2,421,523$19,482,186
86$29,999,816$4,818,055$2,388,573$21,250,283
87$32,942,133$4,936,476$2,350,926$23,193,324
88$36,180,861$5,056,993$2,308,312$25,329,043
89$39,746,115$5,179,593$2,260,447$27,676,978
90$43,671,082$5,304,256$2,207,035$30,258,662
91$47,992,327$5,430,959$2,147,766$33,097,820
92$52,750,144$5,559,676$2,082,316$36,220,598
93$57,988,930$5,690,371$2,010,344$39,655,809
94$63,757,607$5,823,006$1,931,498$43,435,201
95$70,110,085$5,957,535$1,845,404$47,593,762
96$77,105,765$6,093,905$1,751,677$52,170,047
97$84,810,105$6,232,058$1,649,910$57,206,543
98$93,295,233$6,371,927$1,539,679$62,750,072
99$102,640,631$6,513,435$1,420,543$68,852,228
100$112,933,882$6,656,500$1,292,037$75,569,870