Can I retire at age 57 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$185,803$184,148$182,533$180,957$179,418$173,328
2 years$91,982$90,269$88,608$86,999$85,437$79,363
3 years$60,712$58,991$57,335$55,741$54,205$48,337
4 years$45,080$43,365$41,726$40,158$38,659$33,042
5 years$35,704$33,999$32,381$30,845$29,388$24,037
6 years$29,455$27,762$26,168$24,667$23,254$18,173
7 years$24,993$23,315$21,746$20,280$18,912$14,100
8 years$21,648$19,985$18,442$17,013$15,689$11,143
9 years$19,048$17,401$15,884$14,491$13,212$8,927
10 years$16,969$15,338$13,848$12,491$11,258$7,225
11 years$15,269$13,654$12,192$10,871$9,682$5,895
12 years$13,853$12,255$10,820$9,536$8,390$4,840
13 years$12,657$11,075$9,667$8,418$7,316$3,993
14 years$11,632$10,067$8,686$7,473$6,414$3,308
15 years$10,744$9,197$7,842$6,665$5,647$2,750
16 years$9,968$8,438$7,110$5,967$4,991$2,292
17 years$9,285$7,771$6,470$5,362$4,425$1,914
18 years$8,677$7,181$5,906$4,832$3,935$1,602
19 years$8,135$6,655$5,407$4,366$3,507$1,342
20 years$7,647$6,184$4,962$3,954$3,133$1,126
21 years$7,206$5,760$4,564$3,589$2,803$946
22 years$6,806$5,377$4,207$3,263$2,513$796
23 years$6,441$5,029$3,884$2,972$2,256$669
24 years$6,108$4,712$3,592$2,710$2,027$563
25 years$5,801$4,422$3,327$2,475$1,824$475
26 years$5,518$4,156$3,086$2,263$1,643$400
27 years$5,257$3,911$2,865$2,072$1,482$337
28 years$5,015$3,685$2,664$1,898$1,337$284
29 years$4,790$3,477$2,479$1,741$1,207$240
30 years$4,580$3,283$2,309$1,597$1,091$202
31 years$4,384$3,104$2,152$1,467$986$171
32 years$4,201$2,937$2,008$1,348$892$144
33 years$4,029$2,781$1,875$1,240$807$122
34 years$3,868$2,636$1,752$1,141$731$103
35 years$3,716$2,500$1,638$1,050$662$87
36 years$3,574$2,373$1,532$967$600$73
37 years$3,439$2,254$1,434$891$544$62
38 years$3,311$2,142$1,343$821$493$52
39 years$3,190$2,037$1,258$757$447$44
40 years$3,076$1,938$1,179$699$405$37
41 years$2,968$1,845$1,106$644$368$31
42 years$2,865$1,757$1,037$595$334$27
43 years$2,767$1,674$973$549$303$22
44 years$2,673$1,596$914$507$275$19
45 years$2,584$1,522$858$468$250$16
46 years$2,500$1,451$806$432$227$13
47 years$2,419$1,385$757$400$206$11
48 years$2,341$1,322$711$369$187$10
49 years$2,268$1,263$669$341$170$8
50 years$2,197$1,206$629$315$154$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,250,000, adding $6,688 every year, while hoping to spend $48,807 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: 50/44/6 Blend
56$2,250,000$2,250,000$2,250,000$2,250,000
57$2,486,399$2,367,149$2,332,274$2,606,697
58$2,688,081$2,431,209$2,358,475$2,753,403
59$2,908,699$2,496,772$2,383,917$2,906,924
60$3,150,133$2,563,860$2,408,525$3,072,572
61$3,414,453$2,632,496$2,432,217$3,251,490
62$3,703,938$2,702,699$2,454,907$3,444,940
63$4,021,098$2,774,490$2,476,505$3,654,309
64$4,368,699$2,847,889$2,496,917$3,881,123
65$4,749,785$2,922,913$2,516,042$4,127,063
66$5,167,709$2,999,582$2,533,775$4,393,977
67$5,626,165$3,077,911$2,550,006$4,683,903
68$6,129,221$3,157,916$2,564,619$4,999,081
69$6,681,358$3,239,610$2,577,490$5,341,980
70$7,287,512$3,323,007$2,588,491$5,715,317
71$7,953,120$3,408,116$2,597,488$6,122,085
72$8,684,172$3,494,948$2,604,338$6,565,580
73$9,487,267$3,583,509$2,608,892$7,049,432
74$10,369,672$3,673,805$2,610,994$7,577,639
75$11,339,396$3,765,839$2,610,480$8,154,604
76$12,405,260$3,859,611$2,607,176$8,785,179
77$13,576,983$3,955,119$2,600,904$9,474,705
78$14,865,274$4,052,358$2,591,472$10,229,070
79$16,281,929$4,151,320$2,578,683$11,054,757
80$17,839,944$4,251,994$2,562,328$11,958,911
81$19,553,641$4,354,364$2,542,189$12,949,400
82$21,438,797$4,458,412$2,518,036$14,034,897
83$23,512,795$4,564,115$2,489,632$15,224,954
84$25,794,789$4,671,446$2,456,723$16,530,096
85$28,305,883$4,780,372$2,419,049$17,961,922
86$31,069,329$4,890,856$2,376,333$19,533,209
87$34,110,749$5,002,856$2,328,288$21,258,037
88$37,458,372$5,116,323$2,274,612$23,151,920
89$41,143,305$5,231,202$2,214,991$25,231,954
90$45,199,823$5,347,431$2,149,094$27,516,975
91$49,665,692$5,464,943$2,076,576$30,027,740
92$54,582,528$5,583,661$1,997,077$32,787,122
93$59,996,186$5,703,500$1,910,219$35,820,324
94$65,957,193$5,824,368$1,815,607$39,155,122
95$72,521,227$5,946,162$1,712,831$42,822,119
96$79,749,640$6,068,771$1,601,458$46,855,044
97$87,710,034$6,192,072$1,481,038$51,291,061
98$96,476,906$6,315,932$1,351,101$56,171,128
99$106,132,343$6,440,205$1,211,155$61,540,376
100$116,766,800$6,564,733$1,060,687$67,448,544