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%19.9%
1 years$185,803$184,148$182,533$180,957$179,418$172,300
2 years$91,982$90,269$88,608$86,999$85,437$78,354
3 years$60,712$58,991$57,335$55,741$54,205$47,379
4 years$45,080$43,365$41,726$40,158$38,659$32,144
5 years$35,704$33,999$32,381$30,845$29,388$23,199
6 years$29,455$27,762$26,168$24,667$23,254$17,395
7 years$24,993$23,315$21,746$20,280$18,912$13,381
8 years$21,648$19,985$18,442$17,013$15,689$10,482
9 years$19,048$17,401$15,884$14,491$13,212$8,320
10 years$16,969$15,338$13,848$12,491$11,258$6,670
11 years$15,269$13,654$12,192$10,871$9,682$5,389
12 years$13,853$12,255$10,820$9,536$8,390$4,380
13 years$12,657$11,075$9,667$8,418$7,316$3,578
14 years$11,632$10,067$8,686$7,473$6,414$2,933
15 years$10,744$9,197$7,842$6,665$5,647$2,412
16 years$9,968$8,438$7,110$5,967$4,991$1,988
17 years$9,285$7,771$6,470$5,362$4,425$1,643
18 years$8,677$7,181$5,906$4,832$3,935$1,359
19 years$8,135$6,655$5,407$4,366$3,507$1,126
20 years$7,647$6,184$4,962$3,954$3,133$934
21 years$7,206$5,760$4,564$3,589$2,803$776
22 years$6,806$5,377$4,207$3,263$2,513$644
23 years$6,441$5,029$3,884$2,972$2,256$536
24 years$6,108$4,712$3,592$2,710$2,027$446
25 years$5,801$4,422$3,327$2,475$1,824$371
26 years$5,518$4,156$3,086$2,263$1,643$309
27 years$5,257$3,911$2,865$2,072$1,482$257
28 years$5,015$3,685$2,664$1,898$1,337$214
29 years$4,790$3,477$2,479$1,741$1,207$178
30 years$4,580$3,283$2,309$1,597$1,091$149
31 years$4,384$3,104$2,152$1,467$986$124
32 years$4,201$2,937$2,008$1,348$892$103
33 years$4,029$2,781$1,875$1,240$807$86
34 years$3,868$2,636$1,752$1,141$731$72
35 years$3,716$2,500$1,638$1,050$662$60
36 years$3,574$2,373$1,532$967$600$50
37 years$3,439$2,254$1,434$891$544$42
38 years$3,311$2,142$1,343$821$493$35
39 years$3,190$2,037$1,258$757$447$29
40 years$3,076$1,938$1,179$699$405$24
41 years$2,968$1,845$1,106$644$368$20
42 years$2,865$1,757$1,037$595$334$17
43 years$2,767$1,674$973$549$303$14
44 years$2,673$1,596$914$507$275$12
45 years$2,584$1,522$858$468$250$10
46 years$2,500$1,451$806$432$227$8
47 years$2,419$1,385$757$400$206$7
48 years$2,341$1,322$711$369$187$6
49 years$2,268$1,263$669$341$170$5
50 years$2,197$1,206$629$315$154$4

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 $3,403 every year, while hoping to spend $24,653 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: 76/10/14 Blend
56$2,250,000$2,250,000$2,250,000$2,250,000
57$2,483,010$2,363,760$2,328,885$2,664,190
58$2,710,047$2,453,354$2,380,672$2,873,819
59$2,959,415$2,546,511$2,433,368$3,100,139
60$3,233,366$2,643,381$2,486,977$3,347,571
61$3,534,381$2,744,119$2,541,502$3,618,210
62$3,865,192$2,848,885$2,596,947$3,914,363
63$4,228,811$2,957,850$2,653,314$4,238,569
64$4,628,555$3,071,189$2,710,605$4,593,625
65$5,068,077$3,189,087$2,768,820$4,982,610
66$5,551,403$3,311,735$2,827,958$5,408,918
67$6,082,970$3,439,334$2,888,018$5,876,283
68$6,667,665$3,572,093$2,948,998$6,388,822
69$7,310,871$3,710,230$3,010,895$6,951,064
70$8,018,523$3,853,974$3,073,702$7,568,004
71$8,797,156$4,003,563$3,137,415$8,245,140
72$9,653,973$4,159,244$3,202,026$8,988,529
73$10,596,910$4,321,279$3,267,525$9,804,843
74$11,634,711$4,489,938$3,333,903$10,701,433
75$12,777,010$4,665,504$3,401,148$11,686,396
76$14,034,424$4,848,272$3,469,245$12,768,653
77$15,418,651$5,038,552$3,538,180$13,958,031
78$16,942,579$5,236,667$3,607,935$15,265,356
79$18,620,411$5,442,953$3,678,490$16,702,555
80$20,467,797$5,657,762$3,749,823$18,282,771
81$22,501,982$5,881,462$3,821,912$20,020,481
82$24,741,967$6,114,437$3,894,729$21,931,635
83$27,208,692$6,357,088$3,968,247$24,033,809
84$29,925,229$6,609,835$4,042,433$26,346,367
85$32,917,001$6,873,117$4,117,254$28,890,641
86$36,212,026$7,147,390$4,192,672$31,690,140
87$39,841,174$7,433,133$4,268,648$34,770,763
88$43,838,464$7,730,847$4,345,138$38,161,048
89$48,241,382$8,041,054$4,422,095$41,892,438
90$53,091,237$8,364,300$4,499,470$45,999,581
91$58,433,549$8,701,155$4,577,207$50,520,651
92$64,318,476$9,052,218$4,655,249$55,497,715
93$70,801,295$9,418,110$4,733,534$60,977,121
94$77,942,914$9,799,485$4,811,995$67,009,942
95$85,810,455$10,197,024$4,890,561$73,652,454
96$94,477,883$10,611,439$4,969,155$80,966,668
97$104,026,702$11,043,475$5,047,698$89,020,915
98$114,546,732$11,493,911$5,126,102$97,890,487
99$126,136,948$11,963,562$5,204,276$107,658,351
100$138,906,420$12,453,280$5,282,121$118,415,930