Can I retire at age 57 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$180,022$178,419$176,854$175,327$173,836$167,137
2 years$89,120$87,460$85,852$84,292$82,779$76,110
3 years$58,823$57,156$55,552$54,007$52,519$46,089
4 years$43,678$42,016$40,427$38,909$37,457$31,316
5 years$34,593$32,941$31,373$29,886$28,474$22,637
6 years$28,538$26,899$25,354$23,900$22,530$17,002
7 years$24,215$22,590$21,070$19,649$18,323$13,101
8 years$20,974$19,363$17,869$16,483$15,201$10,281
9 years$18,455$16,859$15,390$14,040$12,801$8,175
10 years$16,441$14,861$13,418$12,103$10,907$6,567
11 years$14,794$13,230$11,813$10,533$9,381$5,316
12 years$13,422$11,874$10,483$9,239$8,129$4,330
13 years$12,263$10,731$9,366$8,157$7,089$3,543
14 years$11,270$9,754$8,416$7,240$6,214$2,911
15 years$10,410$8,910$7,598$6,457$5,471$2,399
16 years$9,658$8,175$6,889$5,782$4,836$1,982
17 years$8,996$7,529$6,269$5,195$4,288$1,641
18 years$8,407$6,957$5,722$4,682$3,812$1,361
19 years$7,882$6,448$5,239$4,230$3,398$1,130
20 years$7,409$5,992$4,808$3,831$3,035$940
21 years$6,982$5,581$4,422$3,477$2,716$782
22 years$6,594$5,210$4,076$3,162$2,435$651
23 years$6,241$4,872$3,763$2,879$2,185$543
24 years$5,918$4,565$3,480$2,626$1,964$453
25 years$5,620$4,284$3,223$2,398$1,768$378
26 years$5,347$4,026$2,990$2,193$1,592$315
27 years$5,093$3,789$2,776$2,007$1,435$263
28 years$4,859$3,571$2,581$1,839$1,295$220
29 years$4,641$3,369$2,402$1,686$1,170$183
30 years$4,438$3,181$2,237$1,548$1,057$153
31 years$4,248$3,007$2,086$1,421$955$128
32 years$4,070$2,846$1,946$1,306$864$107
33 years$3,904$2,695$1,817$1,201$782$89
34 years$3,748$2,554$1,698$1,105$708$75
35 years$3,601$2,422$1,587$1,017$641$62
36 years$3,462$2,299$1,485$937$581$52
37 years$3,332$2,184$1,390$863$527$44
38 years$3,208$2,075$1,301$796$478$36
39 years$3,091$1,973$1,219$734$433$30
40 years$2,980$1,878$1,143$677$393$25
41 years$2,875$1,787$1,072$624$356$21
42 years$2,775$1,702$1,005$576$323$18
43 years$2,681$1,622$943$532$293$15
44 years$2,590$1,546$885$491$266$12
45 years$2,504$1,474$831$454$242$10
46 years$2,422$1,406$781$419$220$9
47 years$2,344$1,342$734$387$199$7
48 years$2,269$1,281$689$358$181$6
49 years$2,197$1,223$648$331$164$5
50 years$2,128$1,169$609$306$149$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,180,000, adding $6,841 every year, while hoping to spend $20,074 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$2,180,000$2,180,000$2,180,000$2,180,000
57$2,409,416$2,293,876$2,260,086$2,590,589
58$2,633,818$2,384,918$2,314,441$2,801,601
59$2,880,436$2,479,747$2,369,943$3,029,556
60$3,151,516$2,578,530$2,426,611$3,278,817
61$3,449,529$2,681,436$2,484,461$3,551,491
62$3,777,201$2,788,647$2,543,511$3,849,893
63$4,137,535$2,900,350$2,603,777$4,176,576
64$4,533,836$3,016,740$2,665,277$4,534,346
65$4,969,750$3,138,023$2,728,026$4,926,296
66$5,449,292$3,264,413$2,792,042$5,355,830
67$5,976,884$3,396,133$2,857,340$5,826,696
68$6,557,401$3,533,419$2,923,936$6,343,021
69$7,196,214$3,676,514$2,991,845$6,909,351
70$7,899,239$3,825,675$3,061,084$7,530,690
71$8,672,996$3,981,168$3,131,665$8,212,551
72$9,524,670$4,143,273$3,203,604$8,961,003
73$10,462,176$4,312,284$3,276,915$9,782,733
74$11,494,236$4,488,504$3,351,610$10,685,105
75$12,630,462$4,672,254$3,427,702$11,676,228
76$13,881,442$4,863,868$3,505,203$12,765,036
77$15,258,847$5,063,695$3,584,125$13,961,370
78$16,775,534$5,272,101$3,664,478$15,276,066
79$18,445,672$5,489,467$3,746,272$16,721,066
80$20,284,874$5,716,194$3,829,515$18,309,521
81$22,310,344$5,952,700$3,914,216$20,055,919
82$24,541,038$6,199,422$4,000,382$21,976,221
83$26,997,847$6,456,816$4,088,017$24,088,008
84$29,703,789$6,725,362$4,177,128$26,410,651
85$32,684,231$7,005,560$4,267,717$28,965,488
86$35,967,123$7,297,933$4,359,786$31,776,028
87$39,583,267$7,603,030$4,453,337$34,868,172
88$43,566,604$7,921,422$4,548,367$38,270,454
89$47,954,535$8,253,709$4,644,875$42,014,312
90$52,788,276$8,600,519$4,742,856$46,134,382
91$58,113,243$8,962,507$4,842,305$50,668,827
92$63,979,485$9,340,361$4,943,213$55,659,690
93$70,442,152$9,734,798$5,045,570$61,153,298
94$77,562,018$10,146,571$5,149,364$67,200,693
95$85,406,057$10,576,465$5,254,580$73,858,110
96$94,048,068$11,025,305$5,361,202$81,187,516
97$103,569,377$11,493,952$5,469,209$89,257,184
98$114,059,605$11,983,307$5,578,579$98,142,341
99$125,617,510$12,494,314$5,689,286$107,925,876
100$138,351,922$13,027,961$5,801,303$118,699,122