Can I retire at age 57 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$184,151$182,511$180,911$179,349$177,823$173,807
2 years$91,164$89,466$87,821$86,225$84,678$80,653
3 years$60,172$58,467$56,826$55,245$53,723$49,815
4 years$44,679$42,980$41,355$39,801$38,316$34,555
5 years$35,386$33,696$32,093$30,571$29,127$25,524
6 years$29,193$27,516$25,936$24,448$23,047$19,606
7 years$24,771$23,108$21,553$20,100$18,744$15,465
8 years$21,455$19,808$18,278$16,861$15,550$12,432
9 years$18,878$17,246$15,743$14,362$13,095$10,136
10 years$16,818$15,202$13,725$12,380$11,158$8,354
11 years$15,133$13,533$12,084$10,775$9,596$6,944
12 years$13,730$12,147$10,724$9,451$8,316$5,811
13 years$12,544$10,977$9,581$8,344$7,251$4,890
14 years$11,528$9,978$8,609$7,407$6,357$4,133
15 years$10,649$9,115$7,772$6,605$5,597$3,506
16 years$9,880$8,363$7,047$5,914$4,946$2,983
17 years$9,202$7,702$6,412$5,314$4,386$2,545
18 years$8,600$7,117$5,854$4,789$3,900$2,176
19 years$8,062$6,596$5,359$4,327$3,476$1,864
20 years$7,579$6,129$4,918$3,919$3,105$1,599
21 years$7,142$5,709$4,524$3,557$2,778$1,373
22 years$6,746$5,329$4,169$3,234$2,490$1,181
23 years$6,384$4,984$3,850$2,945$2,236$1,016
24 years$6,053$4,670$3,560$2,686$2,009$876
25 years$5,749$4,382$3,297$2,453$1,808$755
26 years$5,469$4,119$3,058$2,243$1,629$651
27 years$5,210$3,876$2,840$2,053$1,468$562
28 years$4,970$3,653$2,640$1,881$1,325$485
29 years$4,747$3,446$2,457$1,725$1,196$419
30 years$4,539$3,254$2,288$1,583$1,081$362
31 years$4,345$3,076$2,133$1,454$977$313
32 years$4,164$2,911$1,990$1,336$884$270
33 years$3,994$2,757$1,858$1,229$800$234
34 years$3,834$2,613$1,736$1,131$724$202
35 years$3,683$2,478$1,623$1,041$656$175
36 years$3,542$2,352$1,519$959$594$151
37 years$3,408$2,234$1,421$883$539$131
38 years$3,282$2,123$1,331$814$488$113
39 years$3,162$2,019$1,247$751$443$98
40 years$3,049$1,921$1,169$692$402$85
41 years$2,941$1,828$1,096$639$365$73
42 years$2,839$1,741$1,028$589$331$64
43 years$2,742$1,659$965$544$300$55
44 years$2,650$1,581$906$502$272$48
45 years$2,561$1,508$850$464$247$41
46 years$2,477$1,439$799$429$225$36
47 years$2,397$1,373$750$396$204$31
48 years$2,321$1,311$705$366$185$27
49 years$2,247$1,252$663$338$168$23
50 years$2,177$1,195$623$313$153$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,230,000, adding $2,707 every year, while hoping to spend $25,283 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: 55/34/11 Blend
56$2,230,000$2,230,000$2,230,000$2,230,000
57$2,460,252$2,342,062$2,307,497$2,588,593
58$2,684,297$2,429,922$2,357,898$2,763,723
59$2,930,347$2,521,240$2,409,139$2,951,313
60$3,200,620$2,616,159$2,461,223$3,154,967
61$3,497,559$2,714,827$2,514,150$3,376,219
62$3,823,856$2,817,399$2,567,920$3,616,755
63$4,182,477$2,924,038$2,622,532$3,878,430
64$4,576,686$3,034,913$2,677,984$4,163,285
65$5,010,085$3,150,201$2,734,273$4,473,564
66$5,486,637$3,270,084$2,791,394$4,811,734
67$6,010,712$3,394,756$2,849,344$5,180,512
68$6,587,122$3,524,416$2,908,114$5,582,886
69$7,221,170$3,659,275$2,967,698$6,022,144
70$7,918,700$3,799,549$3,028,086$6,501,903
71$8,686,148$3,945,468$3,089,268$7,026,146
72$9,530,607$4,097,268$3,151,230$7,599,255
73$10,459,894$4,255,199$3,213,961$8,226,055
74$11,482,618$4,419,519$3,277,444$8,911,854
75$12,608,268$4,590,498$3,341,661$9,662,499
76$13,847,299$4,768,420$3,406,594$10,484,425
77$15,211,230$4,953,579$3,472,222$11,384,717
78$16,712,755$5,146,284$3,538,520$12,371,175
79$18,365,859$5,346,855$3,605,464$13,452,388
80$20,185,955$5,555,629$3,673,025$14,637,814
81$22,190,024$5,772,957$3,741,173$15,937,868
82$24,396,778$5,999,204$3,809,875$17,364,018
83$26,826,838$6,234,753$3,879,094$18,928,894
84$29,502,925$6,480,005$3,948,793$20,646,406
85$32,450,074$6,735,376$4,018,928$22,531,872
86$35,695,874$7,001,302$4,089,455$24,602,164
87$39,270,727$7,278,239$4,160,325$26,875,866
88$43,208,132$7,566,664$4,231,487$29,373,446
89$47,545,003$7,867,072$4,302,884$32,117,448
90$52,322,019$8,179,985$4,374,456$35,132,707
91$57,584,005$8,505,944$4,446,140$38,446,577
92$63,380,355$8,845,516$4,517,867$42,089,192
93$69,765,500$9,199,296$4,589,565$46,093,744
94$76,799,421$9,567,902$4,661,156$50,496,801
95$84,548,215$9,951,981$4,732,557$55,338,646
96$93,084,715$10,352,211$4,803,680$60,663,654
97$102,489,185$10,769,298$4,874,432$66,520,716
98$112,850,070$11,203,982$4,944,714$72,963,690
99$124,264,836$11,657,036$5,014,421$80,051,914
100$136,840,886$12,129,267$5,083,440$87,850,762