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%15.3%
1 years$177,545$175,964$174,421$172,915$171,444$167,708
2 years$87,894$86,257$84,670$83,132$81,640$77,895
3 years$58,014$56,370$54,787$53,263$51,796$48,159
4 years$43,077$41,438$39,871$38,373$36,941$33,440
5 years$34,117$32,488$30,942$29,474$28,082$24,726
6 years$28,145$26,529$25,005$23,571$22,220$19,014
7 years$23,882$22,279$20,780$19,379$18,071$15,014
8 years$20,686$19,097$17,623$16,257$14,992$12,084
9 years$18,201$16,627$15,178$13,847$12,625$9,864
10 years$16,215$14,656$13,233$11,936$10,757$8,140
11 years$14,590$13,048$11,650$10,388$9,252$6,774
12 years$13,238$11,711$10,339$9,112$8,017$5,677
13 years$12,094$10,583$9,237$8,044$6,991$4,783
14 years$11,115$9,620$8,300$7,141$6,128$4,048
15 years$10,267$8,788$7,494$6,368$5,396$3,439
16 years$9,525$8,063$6,794$5,702$4,769$2,931
17 years$8,872$7,425$6,182$5,123$4,229$2,504
18 years$8,292$6,861$5,644$4,617$3,760$2,144
19 years$7,773$6,359$5,166$4,172$3,351$1,839
20 years$7,307$5,909$4,742$3,779$2,993$1,580
21 years$6,886$5,504$4,361$3,429$2,679$1,359
22 years$6,504$5,138$4,020$3,118$2,401$1,171
23 years$6,155$4,805$3,711$2,840$2,155$1,009
24 years$5,836$4,502$3,432$2,590$1,937$871
25 years$5,543$4,225$3,179$2,365$1,743$752
26 years$5,273$3,971$2,948$2,163$1,570$649
27 years$5,023$3,737$2,738$1,980$1,416$561
28 years$4,792$3,522$2,545$1,814$1,277$485
29 years$4,577$3,322$2,369$1,663$1,153$420
30 years$4,376$3,137$2,206$1,526$1,042$363
31 years$4,189$2,966$2,057$1,402$942$315
32 years$4,014$2,806$1,919$1,288$852$272
33 years$3,850$2,658$1,792$1,185$771$236
34 years$3,696$2,519$1,674$1,090$698$204
35 years$3,551$2,389$1,565$1,003$633$177
36 years$3,415$2,268$1,464$924$573$153
37 years$3,286$2,154$1,370$852$519$133
38 years$3,164$2,047$1,283$785$471$115
39 years$3,049$1,946$1,202$724$427$100
40 years$2,939$1,852$1,127$667$387$87
41 years$2,836$1,763$1,057$616$351$75
42 years$2,737$1,679$991$568$319$65
43 years$2,644$1,599$930$525$289$56
44 years$2,555$1,525$873$484$263$49
45 years$2,470$1,454$820$447$238$42
46 years$2,389$1,387$770$413$217$37
47 years$2,311$1,324$723$382$197$32
48 years$2,237$1,264$680$353$179$28
49 years$2,167$1,207$639$326$162$24
50 years$2,099$1,153$601$301$147$21

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 $3,585 every year, while hoping to spend $21,691 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: 29/41/30 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,372,998$2,259,048$2,225,723$2,419,821
58$2,591,965$2,346,662$2,277,206$2,545,042
59$2,832,539$2,437,843$2,329,686$2,677,455
60$3,096,902$2,532,741$2,383,174$2,819,384
61$3,387,457$2,631,516$2,437,681$2,971,668
62$3,706,850$2,734,333$2,493,216$3,135,226
63$4,057,998$2,841,365$2,549,789$3,311,069
64$4,444,115$2,952,792$2,607,407$3,500,304
65$4,868,740$3,068,804$2,666,081$3,704,145
66$5,335,773$3,189,597$2,725,816$3,923,926
67$5,849,512$3,315,378$2,786,621$4,161,112
68$6,414,691$3,446,360$2,848,502$4,417,309
69$7,036,527$3,582,770$2,911,464$4,694,285
70$7,720,768$3,724,840$2,975,514$4,993,977
71$8,473,746$3,872,818$3,040,654$5,318,518
72$9,302,441$4,026,958$3,106,888$5,670,247
73$10,214,540$4,187,529$3,174,219$6,051,738
74$11,218,516$4,354,811$3,242,647$6,465,820
75$12,323,702$4,529,095$3,312,174$6,915,602
76$13,540,387$4,710,687$3,382,799$7,404,502
77$14,879,902$4,899,907$3,454,519$7,936,278
78$16,354,738$5,097,088$3,527,331$8,515,066
79$17,978,655$5,302,579$3,601,230$9,145,410
80$19,766,817$5,516,745$3,676,211$9,832,312
81$21,735,934$5,739,967$3,752,265$10,581,275
82$23,904,417$5,972,643$3,829,384$11,398,349
83$26,292,555$6,215,189$3,907,555$12,290,196
84$28,922,704$6,468,042$3,986,767$13,264,142
85$31,819,500$6,731,657$4,067,004$14,328,253
86$35,010,090$7,006,509$4,148,249$15,491,403
87$38,524,387$7,293,096$4,230,484$16,763,361
88$42,395,356$7,591,939$4,313,686$18,154,878
89$46,659,320$7,903,582$4,397,833$19,677,790
90$51,356,307$8,228,594$4,482,897$21,345,125
91$56,530,426$8,567,570$4,568,849$23,171,227
92$62,230,281$8,921,133$4,655,657$25,171,886
93$68,509,435$9,289,934$4,743,287$27,364,490
94$75,426,910$9,674,653$4,831,700$29,768,182
95$83,047,748$10,076,004$4,920,855$32,404,041
96$91,443,620$10,494,730$5,010,705$35,295,279
97$100,693,509$10,931,612$5,101,204$38,467,457
98$110,884,450$11,387,464$5,192,297$41,948,724
99$122,112,353$11,863,139$5,283,928$45,770,080
100$134,482,909$12,359,529$5,376,036$49,965,668