Can I retire at age 57 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$182,500$180,874$179,288$177,740$176,229$169,571
2 years$90,346$88,664$87,033$85,452$83,918$77,289
3 years$59,633$57,943$56,316$54,750$53,241$46,848
4 years$44,279$42,594$40,984$39,444$37,972$31,863
5 years$35,069$33,394$31,805$30,297$28,866$23,058
6 years$28,931$27,269$25,703$24,229$22,841$17,337
7 years$24,548$22,900$21,359$19,920$18,575$13,375
8 years$21,263$19,630$18,115$16,710$15,410$10,507
9 years$18,709$17,091$15,602$14,233$12,978$8,366
10 years$16,667$15,065$13,602$12,269$11,058$6,729
11 years$14,997$13,412$11,975$10,678$9,510$5,454
12 years$13,607$12,038$10,628$9,366$8,241$4,448
13 years$12,432$10,878$9,495$8,269$7,186$3,645
14 years$11,425$9,888$8,531$7,340$6,300$2,999
15 years$10,553$9,033$7,703$6,546$5,547$2,475
16 years$9,791$8,288$6,984$5,861$4,902$2,048
17 years$9,119$7,633$6,355$5,266$4,347$1,698
18 years$8,523$7,053$5,801$4,746$3,865$1,410
19 years$7,990$6,537$5,311$4,288$3,445$1,173
20 years$7,511$6,074$4,874$3,884$3,077$977
21 years$7,078$5,658$4,483$3,525$2,753$814
22 years$6,685$5,281$4,132$3,205$2,468$679
23 years$6,327$4,940$3,815$2,919$2,216$567
24 years$5,999$4,628$3,528$2,662$1,991$473
25 years$5,698$4,343$3,268$2,431$1,792$396
26 years$5,420$4,082$3,031$2,223$1,614$331
27 years$5,163$3,842$2,814$2,035$1,455$276
28 years$4,926$3,620$2,616$1,864$1,313$231
29 years$4,705$3,415$2,435$1,710$1,186$193
30 years$4,499$3,225$2,268$1,569$1,071$162
31 years$4,306$3,049$2,114$1,441$969$135
32 years$4,126$2,885$1,973$1,324$876$113
33 years$3,958$2,732$1,842$1,218$793$95
34 years$3,799$2,589$1,721$1,120$718$79
35 years$3,650$2,456$1,609$1,031$650$67
36 years$3,510$2,331$1,505$950$589$56
37 years$3,377$2,214$1,409$875$534$47
38 years$3,252$2,104$1,319$807$484$39
39 years$3,134$2,001$1,236$744$439$33
40 years$3,021$1,903$1,158$686$398$27
41 years$2,915$1,812$1,086$633$361$23
42 years$2,814$1,726$1,019$584$328$19
43 years$2,717$1,644$956$539$297$16
44 years$2,626$1,567$898$498$270$13
45 years$2,539$1,494$843$460$245$11
46 years$2,455$1,426$792$425$223$9
47 years$2,376$1,361$744$392$202$8
48 years$2,300$1,299$699$363$184$7
49 years$2,227$1,240$657$335$167$6
50 years$2,158$1,185$618$310$151$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,210,000, adding $2,312 every year, while hoping to spend $37,116 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: 39/42/19 Blend
56$2,210,000$2,210,000$2,210,000$2,210,000
57$2,437,805$2,320,675$2,286,420$2,518,976
58$2,646,970$2,394,897$2,323,524$2,651,652
59$2,876,226$2,471,512$2,360,627$2,791,305
60$3,127,582$2,550,597$2,397,689$2,941,540
61$3,403,254$2,632,235$2,434,670$3,103,336
62$3,705,679$2,716,507$2,471,525$3,277,769
63$4,037,543$2,803,501$2,508,205$3,466,022
64$4,401,804$2,893,304$2,544,662$3,669,396
65$4,801,721$2,986,010$2,580,842$3,889,321
66$5,240,885$3,081,712$2,616,688$4,127,371
67$5,723,249$3,180,510$2,652,141$4,385,278
68$6,253,170$3,282,504$2,687,137$4,664,946
69$6,835,446$3,387,800$2,721,609$4,968,470
70$7,475,365$3,496,505$2,755,486$5,298,156
71$8,178,750$3,608,732$2,788,693$5,656,544
72$8,952,019$3,724,597$2,821,151$6,046,425
73$9,802,242$3,844,218$2,852,776$6,470,874
74$10,737,206$3,967,720$2,883,479$6,933,277
75$11,765,493$4,095,231$2,913,168$7,437,359
76$12,896,558$4,226,882$2,941,744$7,987,223
77$14,140,817$4,362,810$2,969,103$8,587,385
78$15,509,749$4,503,155$2,995,136$9,242,820
79$17,015,998$4,648,065$3,019,728$9,959,003
80$18,673,499$4,797,690$3,042,758$10,741,967
81$20,497,604$4,952,184$3,064,098$11,598,353
82$22,505,229$5,111,711$3,083,615$12,535,476
83$24,715,013$5,276,435$3,101,167$13,561,392
84$27,147,494$5,446,530$3,116,606$14,684,976
85$29,825,302$5,622,174$3,129,775$15,916,002
86$32,773,372$5,803,550$3,140,512$17,265,234
87$36,019,181$5,990,849$3,148,644$18,744,533
88$39,593,005$6,184,267$3,153,991$20,366,961
89$43,528,204$6,384,009$3,156,363$22,146,909
90$47,861,541$6,590,285$3,155,560$24,100,231
91$52,633,521$6,803,313$3,151,375$26,244,391
92$57,888,782$7,023,316$3,143,588$28,598,628
93$63,676,508$7,250,530$3,131,969$31,184,139
94$70,050,900$7,485,193$3,116,277$34,024,278
95$77,071,680$7,727,556$3,096,261$37,144,772
96$84,804,661$7,977,876$3,071,655$40,573,968
97$93,322,363$8,236,419$3,042,182$44,343,097
98$102,704,701$8,503,460$3,007,553$48,486,570
99$113,039,737$8,779,286$2,967,462$53,042,299
100$124,424,509$9,064,190$2,921,591$58,052,059