Can I retire at age 57 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$178,371$176,782$175,232$173,719$172,241$171,228
2 years$88,302$86,658$85,064$83,519$82,020$80,997
3 years$58,283$56,632$55,042$53,511$52,037$51,037
4 years$43,277$41,630$40,057$38,552$37,113$36,143
5 years$34,275$32,639$31,085$29,611$28,213$27,276
6 years$28,276$26,652$25,122$23,681$22,324$21,422
7 years$23,993$22,382$20,876$19,469$18,155$17,288
8 years$20,782$19,186$17,705$16,332$15,061$14,229
9 years$18,286$16,705$15,249$13,911$12,684$11,886
10 years$16,290$14,724$13,294$11,992$10,807$10,044
11 years$14,658$13,108$11,704$10,436$9,295$8,565
12 years$13,299$11,765$10,387$9,154$8,055$7,358
13 years$12,150$10,632$9,280$8,082$7,024$6,360
14 years$11,166$9,664$8,338$7,174$6,157$5,525
15 years$10,314$8,829$7,528$6,398$5,421$4,820
16 years$9,570$8,100$6,826$5,729$4,791$4,220
17 years$8,913$7,460$6,211$5,147$4,248$3,706
18 years$8,330$6,893$5,670$4,639$3,777$3,264
19 years$7,809$6,389$5,191$4,191$3,367$2,880
20 years$7,341$5,937$4,764$3,796$3,007$2,547
21 years$6,918$5,530$4,382$3,445$2,691$2,256
22 years$6,534$5,162$4,038$3,133$2,412$2,002
23 years$6,184$4,828$3,729$2,853$2,165$1,778
24 years$5,863$4,523$3,448$2,602$1,946$1,581
25 years$5,569$4,245$3,194$2,376$1,751$1,408
26 years$5,297$3,990$2,962$2,173$1,578$1,255
27 years$5,047$3,755$2,751$1,989$1,422$1,119
28 years$4,814$3,538$2,557$1,822$1,283$999
29 years$4,598$3,338$2,380$1,671$1,159$892
30 years$4,397$3,152$2,216$1,533$1,047$797
31 years$4,209$2,980$2,066$1,408$947$712
32 years$4,033$2,819$1,928$1,294$856$637
33 years$3,868$2,670$1,800$1,190$775$570
34 years$3,713$2,531$1,682$1,095$702$510
35 years$3,568$2,400$1,573$1,008$636$457
36 years$3,431$2,278$1,471$928$576$409
37 years$3,301$2,164$1,377$855$522$366
38 years$3,179$2,056$1,289$788$473$328
39 years$3,063$1,955$1,208$727$429$294
40 years$2,953$1,860$1,132$671$389$264
41 years$2,849$1,771$1,062$619$353$236
42 years$2,750$1,687$996$571$320$212
43 years$2,656$1,607$935$527$291$190
44 years$2,566$1,532$877$487$264$170
45 years$2,481$1,461$824$449$240$153
46 years$2,400$1,393$774$415$218$137
47 years$2,322$1,330$727$384$198$123
48 years$2,248$1,269$683$354$179$110
49 years$2,177$1,212$642$328$163$99
50 years$2,109$1,158$604$303$148$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,160,000, adding $5,323 every year, while hoping to spend $25,843 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: 30/43/27 Blend
56$2,160,000$2,160,000$2,160,000$2,160,000
57$2,385,811$2,271,331$2,237,851$2,437,406
58$2,601,667$2,355,129$2,285,322$2,561,816
59$2,838,674$2,442,168$2,333,517$2,692,932
60$3,098,962$2,532,577$2,382,434$2,833,469
61$3,384,878$2,626,496$2,432,067$2,984,263
62$3,699,007$2,724,066$2,482,413$3,146,231
63$4,044,197$2,825,436$2,533,465$3,320,381
64$4,423,585$2,930,762$2,585,216$3,507,818
65$4,840,627$3,040,205$2,637,656$3,709,756
66$5,299,131$3,153,935$2,690,778$3,927,526
67$5,803,292$3,272,128$2,744,569$4,162,592
68$6,357,733$3,394,967$2,799,017$4,416,563
69$6,967,545$3,522,645$2,854,108$4,691,203
70$7,638,340$3,655,360$2,909,826$4,988,453
71$8,376,300$3,793,321$2,966,154$5,310,447
72$9,188,235$3,936,747$3,023,073$5,659,530
73$10,081,651$4,085,863$3,080,562$6,038,278
74$11,064,815$4,240,906$3,138,597$6,449,526
75$12,146,840$4,402,125$3,197,154$6,896,390
76$13,337,764$4,569,775$3,256,204$7,382,298
77$14,648,649$4,744,126$3,315,720$7,911,021
78$16,091,682$4,925,460$3,375,667$8,486,705
79$17,680,294$5,114,068$3,436,013$9,113,912
80$19,429,284$5,310,256$3,496,719$9,797,663
81$21,354,956$5,514,345$3,557,744$10,543,482
82$23,475,280$5,726,666$3,619,047$11,357,446
83$25,810,053$5,947,567$3,680,580$12,246,245
84$28,381,093$6,177,412$3,742,293$13,217,242
85$31,212,438$6,416,579$3,804,134$14,278,540
86$34,330,580$6,665,465$3,866,046$15,439,060
87$37,764,708$6,924,481$3,927,967$16,708,622
88$41,546,988$7,194,061$3,989,834$18,098,036
89$45,712,864$7,474,653$4,051,577$19,619,204
90$50,301,395$7,766,730$4,113,123$21,285,230
91$55,355,619$8,070,781$4,174,394$23,110,545
92$60,922,963$8,387,321$4,235,308$25,111,034
93$67,055,690$8,716,884$4,295,776$27,304,194
94$73,811,391$9,060,032$4,355,705$29,709,291
95$81,253,528$9,417,349$4,414,996$32,347,542
96$89,452,034$9,789,445$4,473,545$35,242,313
97$98,483,974$10,176,960$4,531,240$38,419,339
98$108,434,267$10,580,559$4,587,965$41,906,963
99$119,396,496$11,000,940$4,643,595$45,736,402
100$131,473,784$11,438,831$4,698,000$49,942,041