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

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$184,151$182,511$180,911$179,349$177,823$176,925
2 years$91,164$89,466$87,821$86,225$84,678$83,771
3 years$60,172$58,467$56,826$55,245$53,723$52,836
4 years$44,679$42,980$41,355$39,801$38,316$37,456
5 years$35,386$33,696$32,093$30,571$29,127$28,296
6 years$29,193$27,516$25,936$24,448$23,047$22,247
7 years$24,771$23,108$21,553$20,100$18,744$17,974
8 years$21,455$19,808$18,278$16,861$15,550$14,810
9 years$18,878$17,246$15,743$14,362$13,095$12,386
10 years$16,818$15,202$13,725$12,380$11,158$10,479
11 years$15,133$13,533$12,084$10,775$9,596$8,947
12 years$13,730$12,147$10,724$9,451$8,316$7,696
13 years$12,544$10,977$9,581$8,344$7,251$6,660
14 years$11,528$9,978$8,609$7,407$6,357$5,793
15 years$10,649$9,115$7,772$6,605$5,597$5,061
16 years$9,880$8,363$7,047$5,914$4,946$4,437
17 years$9,202$7,702$6,412$5,314$4,386$3,902
18 years$8,600$7,117$5,854$4,789$3,900$3,441
19 years$8,062$6,596$5,359$4,327$3,476$3,041
20 years$7,579$6,129$4,918$3,919$3,105$2,693
21 years$7,142$5,709$4,524$3,557$2,778$2,389
22 years$6,746$5,329$4,169$3,234$2,490$2,123
23 years$6,384$4,984$3,850$2,945$2,236$1,889
24 years$6,053$4,670$3,560$2,686$2,009$1,682
25 years$5,749$4,382$3,297$2,453$1,808$1,500
26 years$5,469$4,119$3,058$2,243$1,629$1,339
27 years$5,210$3,876$2,840$2,053$1,468$1,196
28 years$4,970$3,653$2,640$1,881$1,325$1,069
29 years$4,747$3,446$2,457$1,725$1,196$956
30 years$4,539$3,254$2,288$1,583$1,081$856
31 years$4,345$3,076$2,133$1,454$977$766
32 years$4,164$2,911$1,990$1,336$884$686
33 years$3,994$2,757$1,858$1,229$800$615
34 years$3,834$2,613$1,736$1,131$724$551
35 years$3,683$2,478$1,623$1,041$656$494
36 years$3,542$2,352$1,519$959$594$443
37 years$3,408$2,234$1,421$883$539$398
38 years$3,282$2,123$1,331$814$488$357
39 years$3,162$2,019$1,247$751$443$321
40 years$3,049$1,921$1,169$692$402$288
41 years$2,941$1,828$1,096$639$365$258
42 years$2,839$1,741$1,028$589$331$232
43 years$2,742$1,659$965$544$300$208
44 years$2,650$1,581$906$502$272$187
45 years$2,561$1,508$850$464$247$168
46 years$2,477$1,439$799$429$225$151
47 years$2,397$1,373$750$396$204$136
48 years$2,321$1,311$705$366$185$122
49 years$2,247$1,252$663$338$168$110
50 years$2,177$1,195$623$313$153$99

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 $6,156 every year, while hoping to spend $54,000 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: 85/9/6 Blend
56$2,230,000$2,230,000$2,230,000$2,230,000
57$2,463,810$2,345,620$2,311,055$2,672,018
58$2,657,663$2,403,100$2,331,020$2,866,206
59$2,869,479$2,461,586$2,349,843$3,071,472
60$3,101,034$2,521,072$2,367,431$3,295,250
61$3,354,281$2,581,546$2,383,682$3,539,363
62$3,631,374$2,642,998$2,398,491$3,805,820
63$3,934,681$2,705,411$2,411,747$4,096,833
64$4,266,811$2,768,770$2,423,334$4,414,837
65$4,630,639$2,833,053$2,433,129$4,762,514
66$5,029,329$2,898,237$2,441,004$5,142,819
67$5,466,366$2,964,296$2,446,822$5,559,005
68$5,945,588$3,031,199$2,450,444$6,014,656
69$6,471,223$3,098,913$2,451,718$6,513,719
70$7,047,926$3,167,398$2,450,490$7,060,544
71$7,680,828$3,236,614$2,446,594$7,659,921
72$8,375,577$3,306,513$2,439,860$8,317,126
73$9,138,396$3,377,042$2,430,106$9,037,973
74$9,976,142$3,448,146$2,417,143$9,828,866
75$10,896,364$3,519,761$2,400,773$10,696,861
76$11,907,383$3,591,819$2,380,789$11,649,732
77$13,018,363$3,664,245$2,356,972$12,696,042
78$14,239,400$3,736,957$2,329,095$13,845,228
79$15,581,617$3,809,867$2,296,918$15,107,684
80$17,057,270$3,882,878$2,260,192$16,494,867
81$18,679,858$3,955,886$2,218,656$18,019,396
82$20,464,257$4,028,778$2,172,034$19,695,177
83$22,426,855$4,101,431$2,120,041$21,537,532
84$24,585,708$4,173,715$2,062,376$23,563,344
85$26,960,710$4,245,487$1,998,725$25,791,215
86$29,573,782$4,316,595$1,928,761$28,241,643
87$32,449,073$4,386,874$1,852,141$30,937,214
88$35,613,195$4,456,148$1,768,504$33,902,816
89$39,095,469$4,524,227$1,677,477$37,165,872
90$42,928,201$4,590,908$1,578,667$40,756,601
91$47,146,989$4,655,974$1,471,664$44,708,302
92$51,791,058$4,719,192$1,356,040$49,057,668
93$56,903,625$4,780,312$1,231,347$53,845,133
94$62,532,316$4,839,069$1,097,118$59,115,250
95$68,729,606$4,895,177$952,866$64,917,118
96$75,553,318$4,948,333$798,078$71,304,840
97$83,067,167$4,998,212$632,225$78,338,035
98$91,341,362$5,044,468$454,748$86,082,400
99$100,453,268$5,086,733$265,069$94,610,333
100$110,488,133$5,124,615$62,580$104,001,612