Can I retire at age 57 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$181,674$180,056$178,477$176,936$175,431$172,454
2 years$89,938$88,263$86,639$85,065$83,539$80,548
3 years$59,363$57,681$56,061$54,502$53,000$50,090
4 years$44,078$42,401$40,798$39,266$37,800$34,992
5 years$34,910$33,243$31,661$30,160$28,735$26,038
6 years$28,800$27,146$25,587$24,119$22,737$20,153
7 years$24,437$22,797$21,263$19,830$18,491$16,022
8 years$21,167$19,541$18,033$16,635$15,340$12,985
9 years$18,624$17,014$15,531$14,169$12,919$10,676
10 years$16,592$14,997$13,541$12,214$11,007$8,875
11 years$14,930$13,351$11,921$10,630$9,467$7,442
12 years$13,546$11,983$10,580$9,324$8,204$6,285
13 years$12,375$10,829$9,452$8,231$7,154$5,338
14 years$11,373$9,843$8,493$7,307$6,271$4,555
15 years$10,505$8,992$7,668$6,516$5,521$3,902
16 years$9,747$8,250$6,952$5,835$4,880$3,353
17 years$9,078$7,598$6,326$5,243$4,327$2,889
18 years$8,485$7,021$5,775$4,725$3,847$2,496
19 years$7,954$6,507$5,287$4,269$3,429$2,160
20 years$7,477$6,047$4,852$3,866$3,063$1,872
21 years$7,046$5,632$4,463$3,509$2,741$1,626
22 years$6,655$5,257$4,113$3,191$2,457$1,413
23 years$6,298$4,917$3,798$2,906$2,205$1,230
24 years$5,972$4,607$3,512$2,650$1,982$1,071
25 years$5,672$4,323$3,253$2,420$1,784$933
26 years$5,396$4,063$3,017$2,213$1,607$814
27 years$5,140$3,824$2,802$2,026$1,449$711
28 years$4,903$3,603$2,604$1,856$1,307$621
29 years$4,683$3,399$2,424$1,702$1,180$542
30 years$4,478$3,210$2,258$1,562$1,066$474
31 years$4,287$3,035$2,105$1,434$964$414
32 years$4,108$2,872$1,964$1,318$872$362
33 years$3,940$2,719$1,833$1,212$789$317
34 years$3,782$2,577$1,713$1,115$715$277
35 years$3,634$2,445$1,602$1,027$647$243
36 years$3,494$2,320$1,498$946$586$213
37 years$3,362$2,204$1,402$871$532$186
38 years$3,238$2,094$1,313$803$482$163
39 years$3,120$1,992$1,230$740$437$143
40 years$3,008$1,895$1,153$683$396$125
41 years$2,902$1,804$1,081$630$360$109
42 years$2,801$1,718$1,014$582$326$96
43 years$2,705$1,637$952$537$296$84
44 years$2,614$1,560$893$496$269$74
45 years$2,527$1,488$839$458$244$64
46 years$2,444$1,419$788$423$222$56
47 years$2,365$1,354$740$391$201$49
48 years$2,289$1,293$696$361$183$43
49 years$2,217$1,235$654$334$166$38
50 years$2,148$1,179$615$308$151$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,200,000, adding $5,285 every year, while hoping to spend $40,584 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: 47/34/19 Blend
56$2,200,000$2,200,000$2,200,000$2,200,000
57$2,429,851$2,313,251$2,279,151$2,530,720
58$2,634,515$2,383,420$2,312,322$2,671,715
59$2,858,695$2,455,666$2,345,244$2,820,155
60$3,104,337$2,530,049$2,377,865$2,980,418
61$3,373,588$2,606,630$2,410,132$3,153,626
62$3,668,809$2,685,471$2,441,987$3,341,013
63$3,992,604$2,766,635$2,473,369$3,543,939
64$4,347,837$2,850,187$2,504,214$3,763,897
65$4,737,665$2,936,195$2,534,455$4,002,535
66$5,165,566$3,024,728$2,564,018$4,261,663
67$5,635,369$3,115,855$2,592,828$4,543,276
68$6,151,295$3,209,650$2,620,805$4,849,568
69$6,717,989$3,306,185$2,647,865$5,182,958
70$7,340,574$3,405,538$2,673,918$5,546,106
71$8,024,689$3,507,785$2,698,871$5,941,944
72$8,776,547$3,613,007$2,722,623$6,373,698
73$9,602,996$3,721,285$2,745,072$6,844,925
74$10,511,576$3,832,703$2,766,106$7,359,537
75$11,510,597$3,947,346$2,785,611$7,921,847
76$12,609,214$4,065,302$2,803,465$8,536,605
77$13,817,513$4,186,661$2,819,540$9,209,040
78$15,146,606$4,311,514$2,833,702$9,944,916
79$16,608,738$4,439,956$2,845,809$10,750,579
80$18,217,398$4,572,082$2,855,712$11,633,023
81$19,987,450$4,707,992$2,863,256$12,599,949
82$21,935,272$4,847,786$2,868,277$13,659,846
83$24,078,909$4,991,566$2,870,603$14,822,062
84$26,438,242$5,139,438$2,870,053$16,096,896
85$29,035,182$5,291,509$2,866,439$17,495,699
86$31,893,866$5,447,889$2,859,561$19,030,973
87$35,040,895$5,608,690$2,849,210$20,716,494
88$38,505,578$5,774,027$2,835,170$22,567,441
89$42,320,209$5,944,016$2,817,210$24,600,538
90$46,520,375$6,118,778$2,795,092$26,834,211
91$51,145,288$6,298,433$2,768,562$29,288,766
92$56,238,157$6,483,106$2,737,359$31,986,573
93$61,846,594$6,672,923$2,701,206$34,952,285
94$68,023,065$6,868,014$2,659,814$38,213,066
95$74,825,381$7,068,511$2,612,881$41,798,845
96$82,317,249$7,274,546$2,560,092$45,742,606
97$90,568,867$7,486,258$2,501,113$50,080,690
98$99,657,590$7,703,783$2,435,599$54,853,145
99$109,668,660$7,927,265$2,363,188$60,104,100
100$120,696,008$8,156,846$2,283,500$65,882,184