Can I retire at age 57 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$180,848$179,237$177,666$176,132$174,634$170,898
2 years$89,529$87,861$86,245$84,679$83,159$79,414
3 years$59,093$57,418$55,807$54,254$52,759$49,121
4 years$43,878$42,209$40,613$39,087$37,628$34,126
5 years$34,751$33,092$31,517$30,023$28,605$25,247
6 years$28,669$27,022$25,471$24,009$22,634$19,425
7 years$24,326$22,693$21,166$19,739$18,407$15,347
8 years$21,071$19,452$17,951$16,559$15,271$12,359
9 years$18,540$16,937$15,461$14,105$12,860$10,095
10 years$16,516$14,929$13,479$12,158$10,957$8,335
11 years$14,862$13,290$11,867$10,581$9,424$6,942
12 years$13,484$11,929$10,531$9,281$8,166$5,820
13 years$12,319$10,780$9,409$8,194$7,121$4,907
14 years$11,321$9,799$8,454$7,274$6,242$4,156
15 years$10,458$8,951$7,633$6,487$5,496$3,533
16 years$9,703$8,213$6,920$5,808$4,858$3,013
17 years$9,037$7,564$6,297$5,219$4,307$2,576
18 years$8,446$6,989$5,749$4,703$3,830$2,207
19 years$7,918$6,477$5,263$4,250$3,414$1,895
20 years$7,443$6,019$4,830$3,849$3,049$1,629
21 years$7,014$5,607$4,442$3,493$2,729$1,403
22 years$6,625$5,234$4,094$3,176$2,446$1,209
23 years$6,270$4,895$3,780$2,892$2,195$1,043
24 years$5,945$4,586$3,496$2,638$1,973$901
25 years$5,646$4,304$3,238$2,409$1,776$778
26 years$5,371$4,045$3,003$2,203$1,599$673
27 years$5,117$3,807$2,789$2,016$1,442$582
28 years$4,881$3,587$2,593$1,847$1,301$504
29 years$4,662$3,384$2,413$1,694$1,175$436
30 years$4,458$3,196$2,247$1,555$1,062$378
31 years$4,267$3,021$2,095$1,428$960$327
32 years$4,089$2,859$1,955$1,312$868$284
33 years$3,922$2,707$1,825$1,207$786$246
34 years$3,765$2,566$1,705$1,110$711$213
35 years$3,617$2,434$1,594$1,022$644$185
36 years$3,478$2,310$1,491$941$584$160
37 years$3,347$2,194$1,396$867$529$139
38 years$3,223$2,085$1,307$799$480$121
39 years$3,105$1,983$1,225$737$435$105
40 years$2,994$1,886$1,148$680$395$91
41 years$2,888$1,795$1,076$627$358$79
42 years$2,788$1,710$1,010$579$325$68
43 years$2,693$1,629$948$534$295$59
44 years$2,602$1,553$889$493$268$51
45 years$2,516$1,481$835$456$243$45
46 years$2,433$1,413$784$421$221$39
47 years$2,354$1,348$737$389$200$34
48 years$2,279$1,287$692$359$182$29
49 years$2,207$1,229$651$332$165$25
50 years$2,138$1,174$612$307$150$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,190,000, adding $4,925 every year, while hoping to spend $26,183 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: 36/44/20 Blend
56$2,190,000$2,190,000$2,190,000$2,190,000
57$2,418,460$2,302,390$2,268,445$2,490,700
58$2,637,285$2,387,349$2,316,580$2,628,815
59$2,877,552$2,475,593$2,365,449$2,775,022
60$3,141,421$2,567,256$2,415,050$2,932,324
61$3,431,271$2,662,476$2,465,379$3,101,727
62$3,749,722$2,761,399$2,516,432$3,284,337
63$4,099,662$2,864,177$2,568,201$3,481,368
64$4,484,272$2,970,965$2,620,679$3,694,154
65$4,907,054$3,081,929$2,673,859$3,924,157
66$5,371,870$3,197,240$2,727,729$4,172,988
67$5,882,972$3,317,076$2,782,280$4,442,413
68$6,445,047$3,441,625$2,837,498$4,734,375
69$7,063,257$3,571,080$2,893,369$5,051,008
70$7,743,290$3,705,643$2,949,878$5,394,661
71$8,491,413$3,845,527$3,007,006$5,767,912
72$9,314,531$3,990,952$3,064,735$6,173,600
73$10,220,253$4,142,148$3,123,043$6,614,844
74$11,216,961$4,299,356$3,181,907$7,095,077
75$12,313,892$4,462,825$3,241,302$7,618,073
76$13,521,223$4,632,817$3,301,200$8,187,984
77$14,850,168$4,809,606$3,361,570$8,809,380
78$16,313,084$4,993,475$3,422,381$9,487,287
79$17,923,585$5,184,722$3,483,598$10,227,237
80$19,696,674$5,383,657$3,545,182$11,035,316
81$21,648,882$5,590,604$3,607,093$11,918,224
82$23,798,425$5,805,900$3,669,287$12,883,334
83$26,165,374$6,029,898$3,731,717$13,938,763
84$28,771,845$6,262,967$3,794,334$15,093,445
85$31,642,212$6,505,491$3,857,082$16,357,214
86$34,803,329$6,757,871$3,919,906$17,740,898
87$38,284,788$7,020,526$3,982,742$19,256,418
88$42,119,199$7,293,894$4,045,527$20,916,899
89$46,342,495$7,578,433$4,108,189$22,736,793
90$50,994,271$7,874,618$4,170,656$24,732,014
91$56,118,162$8,182,949$4,232,848$26,920,087
92$61,762,247$8,503,947$4,294,681$29,320,307
93$67,979,510$8,838,154$4,356,067$31,953,929
94$74,828,336$9,186,139$4,416,910$34,844,356
95$82,373,062$9,548,495$4,477,112$38,017,367
96$90,684,585$9,925,842$4,536,566$41,501,351
97$99,841,031$10,318,828$4,595,160$45,327,580
98$109,928,494$10,728,128$4,652,776$49,530,495
99$121,041,844$11,154,450$4,709,287$54,148,034
100$133,285,626$11,598,531$4,764,562$59,221,986