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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$178,371$176,782$175,232$173,719$172,241$171,444
2 years$88,302$86,658$85,064$83,519$82,020$81,214
3 years$58,283$56,632$55,042$53,511$52,037$51,249
4 years$43,277$41,630$40,057$38,552$37,113$36,349
5 years$34,275$32,639$31,085$29,611$28,213$27,474
6 years$28,276$26,652$25,122$23,681$22,324$21,612
7 years$23,993$22,382$20,876$19,469$18,155$17,470
8 years$20,782$19,186$17,705$16,332$15,061$14,404
9 years$18,286$16,705$15,249$13,911$12,684$12,053
10 years$16,290$14,724$13,294$11,992$10,807$10,203
11 years$14,658$13,108$11,704$10,436$9,295$8,717
12 years$13,299$11,765$10,387$9,154$8,055$7,503
13 years$12,150$10,632$9,280$8,082$7,024$6,497
14 years$11,166$9,664$8,338$7,174$6,157$5,655
15 years$10,314$8,829$7,528$6,398$5,421$4,943
16 years$9,570$8,100$6,826$5,729$4,791$4,337
17 years$8,913$7,460$6,211$5,147$4,248$3,817
18 years$8,330$6,893$5,670$4,639$3,777$3,368
19 years$7,809$6,389$5,191$4,191$3,367$2,979
20 years$7,341$5,937$4,764$3,796$3,007$2,640
21 years$6,918$5,530$4,382$3,445$2,691$2,344
22 years$6,534$5,162$4,038$3,133$2,412$2,084
23 years$6,184$4,828$3,729$2,853$2,165$1,855
24 years$5,863$4,523$3,448$2,602$1,946$1,654
25 years$5,569$4,245$3,194$2,376$1,751$1,476
26 years$5,297$3,990$2,962$2,173$1,578$1,318
27 years$5,047$3,755$2,751$1,989$1,422$1,178
28 years$4,814$3,538$2,557$1,822$1,283$1,054
29 years$4,598$3,338$2,380$1,671$1,159$944
30 years$4,397$3,152$2,216$1,533$1,047$845
31 years$4,209$2,980$2,066$1,408$947$757
32 years$4,033$2,819$1,928$1,294$856$679
33 years$3,868$2,670$1,800$1,190$775$609
34 years$3,713$2,531$1,682$1,095$702$546
35 years$3,568$2,400$1,573$1,008$636$490
36 years$3,431$2,278$1,471$928$576$440
37 years$3,301$2,164$1,377$855$522$395
38 years$3,179$2,056$1,289$788$473$355
39 years$3,063$1,955$1,208$727$429$319
40 years$2,953$1,860$1,132$671$389$287
41 years$2,849$1,771$1,062$619$353$258
42 years$2,750$1,687$996$571$320$232
43 years$2,656$1,607$935$527$291$208
44 years$2,566$1,532$877$487$264$187
45 years$2,481$1,461$824$449$240$168
46 years$2,400$1,393$774$415$218$151
47 years$2,322$1,330$727$384$198$136
48 years$2,248$1,269$683$354$179$122
49 years$2,177$1,212$642$328$163$110
50 years$2,109$1,158$604$303$148$99

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 $6,258 every year, while hoping to spend $46,562 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: 53/35/12 Blend
56$2,160,000$2,160,000$2,160,000$2,160,000
57$2,386,775$2,272,295$2,238,815$2,505,465
58$2,580,685$2,334,096$2,264,274$2,648,780
59$2,792,812$2,397,365$2,289,025$2,799,092
60$3,024,967$2,462,123$2,312,995$2,961,554
61$3,279,142$2,528,395$2,336,108$3,137,330
62$3,557,529$2,596,202$2,358,283$3,327,699
63$3,862,545$2,665,564$2,379,434$3,534,069
64$4,196,851$2,736,502$2,399,471$3,757,991
65$4,563,376$2,809,037$2,418,299$4,001,171
66$4,965,347$2,883,187$2,435,819$4,265,490
67$5,406,320$2,958,971$2,451,927$4,553,016
68$5,890,209$3,036,404$2,466,510$4,866,030
69$6,421,326$3,115,505$2,479,455$5,207,042
70$7,004,423$3,196,285$2,490,638$5,578,816
71$7,644,731$3,278,760$2,499,931$5,984,398
72$8,348,015$3,362,941$2,507,200$6,427,142
73$9,120,625$3,448,838$2,512,304$6,910,744
74$9,969,556$3,536,458$2,515,094$7,439,273
75$10,902,515$3,625,809$2,515,413$8,017,215
76$11,927,992$3,716,894$2,513,100$8,649,509
77$13,055,340$3,809,715$2,507,982$9,341,597
78$14,294,865$3,904,270$2,499,879$10,099,477
79$15,657,919$4,000,558$2,488,603$10,929,754
80$17,157,012$4,098,570$2,473,956$11,839,708
81$18,805,924$4,198,297$2,455,731$12,837,359
82$20,619,841$4,299,726$2,433,711$13,931,543
83$22,615,493$4,402,841$2,407,668$15,131,999
84$24,811,312$4,507,619$2,377,363$16,449,455
85$27,227,610$4,614,036$2,342,549$17,895,734
86$29,886,764$4,722,062$2,302,963$19,483,864
87$32,813,434$4,831,663$2,258,331$21,228,199
88$36,034,787$4,942,798$2,208,369$23,144,558
89$39,580,762$5,055,421$2,152,776$25,250,373
90$43,484,345$5,169,482$2,091,239$27,564,852
91$47,781,883$5,284,921$2,023,430$30,109,163
92$52,513,427$5,401,674$1,949,007$32,906,631
93$57,723,109$5,519,669$1,867,611$35,982,962
94$63,459,558$5,638,824$1,778,868$39,366,482
95$69,776,358$5,759,052$1,682,385$43,088,407
96$76,732,556$5,880,255$1,577,755$47,183,137
97$84,393,215$6,002,326$1,464,547$51,688,581
98$92,830,030$6,125,147$1,342,317$56,646,515
99$102,122,004$6,248,590$1,210,596$62,102,978
100$112,356,194$6,372,517$1,068,897$68,108,704