Can I retire at age 57 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$179,197$177,600$176,043$174,523$173,039$171,446
2 years$88,711$87,059$85,458$83,905$82,399$80,794
3 years$58,553$56,894$55,297$53,759$52,278$50,710
4 years$43,477$41,823$40,242$38,730$37,285$35,767
5 years$34,434$32,790$31,229$29,749$28,343$26,880
6 years$28,407$26,775$25,238$23,790$22,427$21,020
7 years$24,104$22,486$20,973$19,559$18,239$16,889
8 years$20,878$19,275$17,787$16,408$15,131$13,838
9 years$18,370$16,782$15,320$13,976$12,743$11,505
10 years$16,365$14,793$13,356$12,047$10,857$9,676
11 years$14,726$13,169$11,758$10,485$9,338$8,211
12 years$13,361$11,820$10,435$9,196$8,092$7,018
13 years$12,207$10,682$9,323$8,119$7,056$6,035
14 years$11,218$9,709$8,377$7,207$6,185$5,215
15 years$10,362$8,870$7,563$6,428$5,446$4,525
16 years$9,614$8,138$6,857$5,755$4,813$3,941
17 years$8,954$7,494$6,240$5,171$4,268$3,442
18 years$8,369$6,925$5,696$4,660$3,795$3,013
19 years$7,846$6,418$5,215$4,211$3,382$2,644
20 years$7,375$5,964$4,786$3,814$3,021$2,325
21 years$6,950$5,555$4,402$3,461$2,704$2,047
22 years$6,564$5,186$4,057$3,147$2,423$1,806
23 years$6,212$4,850$3,746$2,866$2,175$1,594
24 years$5,890$4,544$3,464$2,614$1,955$1,409
25 years$5,595$4,265$3,209$2,387$1,759$1,247
26 years$5,322$4,008$2,976$2,183$1,585$1,104
27 years$5,070$3,772$2,763$1,998$1,429$978
28 years$4,836$3,554$2,569$1,831$1,289$868
29 years$4,619$3,353$2,391$1,679$1,164$770
30 years$4,417$3,167$2,227$1,541$1,052$683
31 years$4,228$2,994$2,076$1,415$951$607
32 years$4,052$2,832$1,937$1,300$860$539
33 years$3,886$2,682$1,808$1,196$779$479
34 years$3,731$2,542$1,690$1,100$705$426
35 years$3,584$2,411$1,580$1,013$638$379
36 years$3,446$2,289$1,478$933$578$337
37 years$3,316$2,174$1,383$859$524$300
38 years$3,193$2,066$1,295$792$475$267
39 years$3,077$1,964$1,214$730$431$238
40 years$2,967$1,869$1,138$674$391$211
41 years$2,862$1,779$1,067$622$355$188
42 years$2,763$1,694$1,001$574$322$168
43 years$2,668$1,614$939$530$292$149
44 years$2,578$1,539$881$489$265$133
45 years$2,493$1,467$827$452$241$118
46 years$2,411$1,400$777$417$219$105
47 years$2,333$1,336$730$385$198$94
48 years$2,258$1,275$686$356$180$84
49 years$2,187$1,218$645$329$164$75
50 years$2,119$1,163$606$304$149$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,170,000, adding $2,618 every year, while hoping to spend $31,263 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: 76/18/6 Blend
56$2,170,000$2,170,000$2,170,000$2,170,000
57$2,394,040$2,279,030$2,245,395$2,574,382
58$2,604,969$2,357,439$2,287,353$2,771,623
59$2,836,364$2,438,643$2,329,668$2,983,471
60$3,090,281$2,522,744$2,372,319$3,214,751
61$3,368,983$2,609,851$2,415,285$3,467,380
62$3,674,962$2,700,077$2,458,540$3,743,464
63$4,010,965$2,793,537$2,502,058$4,045,324
64$4,380,017$2,890,354$2,545,810$4,375,514
65$4,785,450$2,990,652$2,589,766$4,736,848
66$5,230,935$3,094,564$2,633,892$5,132,422
67$5,720,517$3,202,224$2,678,154$5,565,648
68$6,258,651$3,313,774$2,722,513$6,040,282
69$6,850,245$3,429,361$2,766,930$6,560,460
70$7,500,709$3,549,138$2,811,360$7,130,738
71$8,216,000$3,673,265$2,855,759$7,756,134
72$9,002,682$3,801,905$2,900,078$8,442,172
73$9,867,988$3,935,231$2,944,263$9,194,941
74$10,819,887$4,073,421$2,988,260$10,021,144
75$11,867,159$4,216,662$3,032,010$10,928,167
76$13,019,477$4,365,147$3,075,450$11,924,144
77$14,287,501$4,519,076$3,118,515$13,018,036
78$15,682,974$4,678,658$3,161,133$14,219,715
79$17,218,837$4,844,112$3,203,231$15,540,054
80$18,909,348$5,015,664$3,244,729$16,991,035
81$20,770,218$5,193,548$3,285,544$18,585,853
82$22,818,759$5,378,011$3,325,588$20,339,049
83$25,074,045$5,569,306$3,364,769$22,266,642
84$27,557,096$5,767,700$3,402,986$24,386,277
85$30,291,071$5,973,468$3,440,137$26,717,400
86$33,301,490$6,186,899$3,476,112$29,281,431
87$36,616,475$6,408,290$3,510,795$32,101,972
88$40,267,013$6,637,954$3,544,064$35,205,026
89$44,287,249$6,876,214$3,575,791$38,619,245
90$48,714,809$7,123,409$3,605,840$42,376,196
91$53,591,153$7,379,889$3,634,070$46,510,660
92$58,961,969$7,646,022$3,660,329$51,060,963
93$64,877,599$7,922,187$3,684,460$56,069,329
94$71,393,522$8,208,781$3,706,296$61,582,288
95$78,570,869$8,506,219$3,725,665$67,651,105
96$86,477,004$8,814,930$3,742,381$74,332,270
97$95,186,159$9,135,363$3,756,252$81,688,028
98$104,780,137$9,467,985$3,767,076$89,786,963
99$115,349,077$9,813,283$3,774,639$98,704,650
100$126,992,313$10,171,763$3,778,719$108,524,364