Can I retire at age 57 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$183,326$181,693$180,099$178,544$177,026$170,949
2 years$90,755$89,065$87,427$85,839$84,298$78,238
3 years$59,902$58,205$56,571$54,998$53,482$47,628
4 years$44,479$42,787$41,169$39,623$38,144$32,542
5 years$35,228$33,545$31,949$30,434$28,996$23,660
6 years$29,062$27,392$25,820$24,338$22,944$17,878
7 years$24,659$23,004$21,456$20,010$18,660$13,864
8 years$21,359$19,719$18,197$16,786$15,480$10,950
9 years$18,794$17,169$15,673$14,298$13,036$8,767
10 years$16,742$15,133$13,664$12,325$11,108$7,091
11 years$15,065$13,472$12,029$10,726$9,553$5,782
12 years$13,669$12,092$10,676$9,408$8,278$4,744
13 years$12,488$10,928$9,538$8,306$7,219$3,911
14 years$11,477$9,933$8,570$7,373$6,328$3,238
15 years$10,601$9,074$7,738$6,576$5,572$2,690
16 years$9,835$8,325$7,015$5,888$4,924$2,240
17 years$9,161$7,667$6,384$5,290$4,366$1,870
18 years$8,562$7,085$5,827$4,768$3,882$1,563
19 years$8,026$6,566$5,335$4,308$3,460$1,309
20 years$7,545$6,102$4,896$3,902$3,091$1,098
21 years$7,110$5,683$4,503$3,541$2,766$921
22 years$6,715$5,305$4,150$3,220$2,479$774
23 years$6,356$4,962$3,832$2,932$2,226$651
24 years$6,026$4,649$3,544$2,674$2,000$547
25 years$5,724$4,363$3,283$2,442$1,800$461
26 years$5,445$4,100$3,044$2,233$1,621$388
27 years$5,187$3,859$2,827$2,044$1,462$327
28 years$4,948$3,636$2,628$1,873$1,319$275
29 years$4,726$3,430$2,446$1,717$1,191$232
30 years$4,519$3,240$2,278$1,576$1,076$196
31 years$4,326$3,062$2,124$1,448$973$165
32 years$4,145$2,898$1,982$1,330$880$139
33 years$3,976$2,744$1,850$1,223$797$117
34 years$3,817$2,601$1,729$1,126$721$99
35 years$3,667$2,467$1,616$1,036$653$83
36 years$3,526$2,341$1,512$954$592$70
37 years$3,393$2,224$1,415$879$536$59
38 years$3,267$2,113$1,325$810$486$50
39 years$3,148$2,010$1,242$747$441$42
40 years$3,035$1,912$1,164$689$400$36
41 years$2,928$1,820$1,091$636$363$30
42 years$2,826$1,733$1,024$587$329$25
43 years$2,730$1,652$960$542$299$21
44 years$2,638$1,574$902$500$271$18
45 years$2,550$1,501$847$462$246$15
46 years$2,466$1,432$795$427$224$13
47 years$2,387$1,367$747$394$203$11
48 years$2,310$1,305$702$364$184$9
49 years$2,237$1,246$660$337$167$8
50 years$2,167$1,190$620$311$152$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,220,000, adding $2,250 every year, while hoping to spend $33,914 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: 71/20/9 Blend
56$2,220,000$2,220,000$2,220,000$2,220,000
57$2,448,761$2,331,101$2,296,691$2,618,453
58$2,662,450$2,409,241$2,337,546$2,809,115
59$2,896,799$2,490,072$2,378,633$3,013,352
60$3,153,879$2,573,693$2,419,924$3,235,981
61$3,435,972$2,660,201$2,461,388$3,478,805
62$3,745,591$2,749,701$2,502,995$3,743,811
63$4,085,505$2,842,299$2,544,708$4,033,182
64$4,458,762$2,938,107$2,586,491$4,349,327
65$4,868,722$3,037,241$2,628,305$4,694,892
66$5,319,086$3,139,820$2,670,108$5,072,795
67$5,813,930$3,245,969$2,711,854$5,486,249
68$6,357,746$3,355,816$2,753,496$5,938,789
69$6,955,481$3,469,496$2,794,983$6,434,310
70$7,612,587$3,587,148$2,836,261$6,977,101
71$8,335,068$3,708,915$2,877,273$7,571,886
72$9,129,540$3,834,948$2,917,958$8,223,869
73$10,003,295$3,965,402$2,958,250$8,938,778
74$10,964,362$4,100,438$2,998,083$9,722,927
75$12,021,592$4,240,223$3,037,383$10,583,266
76$13,184,733$4,384,933$3,076,074$11,527,453
77$14,464,527$4,534,747$3,114,075$12,563,925
78$15,872,812$4,689,852$3,151,300$13,701,974
79$17,422,629$4,850,445$3,187,658$14,951,836
80$19,128,346$5,016,726$3,223,054$16,324,787
81$21,005,798$5,188,906$3,257,387$17,833,252
82$23,072,431$5,367,204$3,290,550$19,490,916
83$25,347,467$5,551,845$3,322,432$21,312,857
84$27,852,089$5,743,066$3,352,914$23,315,687
85$30,609,637$5,941,110$3,381,871$25,517,707
86$33,645,828$6,146,233$3,409,172$27,939,082
87$36,989,002$6,358,698$3,434,679$30,602,027
88$40,670,386$6,578,780$3,458,246$33,531,019
89$44,724,389$6,806,764$3,479,721$36,753,026
90$49,188,927$7,042,946$3,498,942$40,297,762
91$54,105,782$7,287,635$3,515,741$44,197,967
92$59,520,993$7,541,150$3,529,939$48,489,714
93$65,485,292$7,803,824$3,541,351$53,212,750
94$72,054,585$8,076,005$3,549,779$58,410,870
95$79,290,474$8,358,050$3,555,018$64,132,331
96$87,260,843$8,650,335$3,556,851$70,430,304
97$96,040,495$8,953,248$3,555,052$77,363,379
98$105,711,863$9,267,194$3,549,383$84,996,113
99$116,365,779$9,592,593$3,539,594$93,399,644
100$128,102,342$9,929,883$3,525,424$102,652,356