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

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$177,545$175,964$174,421$172,915$171,444$169,022
2 years$87,894$86,257$84,670$83,132$81,640$79,204
3 years$58,014$56,370$54,787$53,263$51,796$49,422
4 years$43,077$41,438$39,871$38,373$36,941$34,648
5 years$34,117$32,488$30,942$29,474$28,082$25,876
6 years$28,145$26,529$25,005$23,571$22,220$20,104
7 years$23,882$22,279$20,780$19,379$18,071$16,046
8 years$20,686$19,097$17,623$16,257$14,992$13,057
9 years$18,201$16,627$15,178$13,847$12,625$10,779
10 years$16,215$14,656$13,233$11,936$10,757$9,000
11 years$14,590$13,048$11,650$10,388$9,252$7,580
12 years$13,238$11,711$10,339$9,112$8,017$6,430
13 years$12,094$10,583$9,237$8,044$6,991$5,486
14 years$11,115$9,620$8,300$7,141$6,128$4,703
15 years$10,267$8,788$7,494$6,368$5,396$4,048
16 years$9,525$8,063$6,794$5,702$4,769$3,496
17 years$8,872$7,425$6,182$5,123$4,229$3,028
18 years$8,292$6,861$5,644$4,617$3,760$2,628
19 years$7,773$6,359$5,166$4,172$3,351$2,286
20 years$7,307$5,909$4,742$3,779$2,993$1,993
21 years$6,886$5,504$4,361$3,429$2,679$1,739
22 years$6,504$5,138$4,020$3,118$2,401$1,520
23 years$6,155$4,805$3,711$2,840$2,155$1,330
24 years$5,836$4,502$3,432$2,590$1,937$1,164
25 years$5,543$4,225$3,179$2,365$1,743$1,021
26 years$5,273$3,971$2,948$2,163$1,570$895
27 years$5,023$3,737$2,738$1,980$1,416$786
28 years$4,792$3,522$2,545$1,814$1,277$690
29 years$4,577$3,322$2,369$1,663$1,153$606
30 years$4,376$3,137$2,206$1,526$1,042$533
31 years$4,189$2,966$2,057$1,402$942$469
32 years$4,014$2,806$1,919$1,288$852$412
33 years$3,850$2,658$1,792$1,185$771$363
34 years$3,696$2,519$1,674$1,090$698$319
35 years$3,551$2,389$1,565$1,003$633$281
36 years$3,415$2,268$1,464$924$573$248
37 years$3,286$2,154$1,370$852$519$218
38 years$3,164$2,047$1,283$785$471$192
39 years$3,049$1,946$1,202$724$427$169
40 years$2,939$1,852$1,127$667$387$149
41 years$2,836$1,763$1,057$616$351$131
42 years$2,737$1,679$991$568$319$116
43 years$2,644$1,599$930$525$289$102
44 years$2,555$1,525$873$484$263$90
45 years$2,470$1,454$820$447$238$79
46 years$2,389$1,387$770$413$217$70
47 years$2,311$1,324$723$382$197$62
48 years$2,237$1,264$680$353$179$54
49 years$2,167$1,207$639$326$162$48
50 years$2,099$1,153$601$301$147$42

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 $6,528 every year, while hoping to spend $34,128 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: 55/34/11 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,376,034$2,262,084$2,228,759$2,499,770
58$2,582,077$2,336,614$2,267,110$2,658,886
59$2,807,993$2,413,652$2,305,603$2,827,754
60$3,055,773$2,493,285$2,344,205$3,010,814
61$3,327,609$2,575,604$2,382,883$3,209,423
62$3,625,917$2,660,700$2,421,601$3,425,076
63$3,953,358$2,748,672$2,460,322$3,659,415
64$4,312,862$2,839,618$2,499,004$3,914,247
65$4,707,657$2,933,643$2,537,605$4,191,561
66$5,141,301$3,030,854$2,576,077$4,493,546
67$5,617,710$3,131,363$2,614,372$4,822,610
68$6,141,201$3,235,284$2,652,438$5,181,406
69$6,716,528$3,342,737$2,690,219$5,572,851
70$7,348,930$3,453,847$2,727,658$6,000,157
71$8,044,177$3,568,742$2,764,690$6,466,862
72$8,808,628$3,687,555$2,801,252$6,976,858
73$9,649,287$3,810,424$2,837,273$7,534,434
74$10,573,871$3,937,492$2,872,679$8,144,309
75$11,590,885$4,068,908$2,907,392$8,811,682
76$12,709,696$4,204,825$2,941,330$9,542,276
77$13,940,626$4,345,403$2,974,406$10,342,394
78$15,295,050$4,490,807$3,006,529$11,218,980
79$16,785,498$4,641,210$3,037,600$12,179,678
80$18,425,778$4,796,788$3,067,519$13,232,909
81$20,231,103$4,957,727$3,096,177$14,387,948
82$22,218,237$5,124,217$3,123,461$15,655,011
83$24,405,651$5,296,458$3,149,250$17,045,350
84$26,813,698$5,474,654$3,173,421$18,571,360
85$29,464,803$5,659,021$3,195,839$20,246,696
86$32,383,679$5,849,779$3,216,365$22,086,398
87$35,597,554$6,047,158$3,234,853$24,107,035
88$39,136,433$6,251,397$3,251,149$26,326,861
89$43,033,377$6,462,743$3,265,091$28,765,984
90$47,324,818$6,681,454$3,276,507$31,446,558
91$52,050,900$6,907,796$3,285,221$34,392,990
92$57,255,860$7,142,045$3,291,043$37,632,169
93$62,988,442$7,384,490$3,293,778$41,193,719
94$69,302,360$7,635,427$3,293,216$45,110,279
95$76,256,805$7,895,167$3,289,143$49,417,811
96$83,916,999$8,164,031$3,281,330$54,155,935
97$92,354,817$8,442,352$3,269,538$59,368,306
98$101,649,458$8,730,476$3,253,517$65,103,022
99$111,888,197$9,028,764$3,233,005$71,413,079
100$123,167,208$9,337,589$3,207,725$78,356,872