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%18.2%
1 years$185,803$184,148$182,533$180,957$179,418$173,467
2 years$91,982$90,269$88,608$86,999$85,437$79,499
3 years$60,712$58,991$57,335$55,741$54,205$48,466
4 years$45,080$43,365$41,726$40,158$38,659$33,164
5 years$35,704$33,999$32,381$30,845$29,388$24,151
6 years$29,455$27,762$26,168$24,667$23,254$18,279
7 years$24,993$23,315$21,746$20,280$18,912$14,199
8 years$21,648$19,985$18,442$17,013$15,689$11,235
9 years$19,048$17,401$15,884$14,491$13,212$9,011
10 years$16,969$15,338$13,848$12,491$11,258$7,303
11 years$15,269$13,654$12,192$10,871$9,682$5,966
12 years$13,853$12,255$10,820$9,536$8,390$4,904
13 years$12,657$11,075$9,667$8,418$7,316$4,052
14 years$11,632$10,067$8,686$7,473$6,414$3,362
15 years$10,744$9,197$7,842$6,665$5,647$2,798
16 years$9,968$8,438$7,110$5,967$4,991$2,336
17 years$9,285$7,771$6,470$5,362$4,425$1,954
18 years$8,677$7,181$5,906$4,832$3,935$1,637
19 years$8,135$6,655$5,407$4,366$3,507$1,374
20 years$7,647$6,184$4,962$3,954$3,133$1,155
21 years$7,206$5,760$4,564$3,589$2,803$972
22 years$6,806$5,377$4,207$3,263$2,513$818
23 years$6,441$5,029$3,884$2,972$2,256$689
24 years$6,108$4,712$3,592$2,710$2,027$581
25 years$5,801$4,422$3,327$2,475$1,824$490
26 years$5,518$4,156$3,086$2,263$1,643$414
27 years$5,257$3,911$2,865$2,072$1,482$349
28 years$5,015$3,685$2,664$1,898$1,337$295
29 years$4,790$3,477$2,479$1,741$1,207$249
30 years$4,580$3,283$2,309$1,597$1,091$211
31 years$4,384$3,104$2,152$1,467$986$178
32 years$4,201$2,937$2,008$1,348$892$151
33 years$4,029$2,781$1,875$1,240$807$127
34 years$3,868$2,636$1,752$1,141$731$108
35 years$3,716$2,500$1,638$1,050$662$91
36 years$3,574$2,373$1,532$967$600$77
37 years$3,439$2,254$1,434$891$544$65
38 years$3,311$2,142$1,343$821$493$55
39 years$3,190$2,037$1,258$757$447$47
40 years$3,076$1,938$1,179$699$405$39
41 years$2,968$1,845$1,106$644$368$33
42 years$2,865$1,757$1,037$595$334$28
43 years$2,767$1,674$973$549$303$24
44 years$2,673$1,596$914$507$275$20
45 years$2,584$1,522$858$468$250$17
46 years$2,500$1,451$806$432$227$14
47 years$2,419$1,385$757$400$206$12
48 years$2,341$1,322$711$369$187$10
49 years$2,268$1,263$669$341$170$9
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 $2,410 every year, while hoping to spend $29,132 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: 35/35/30 Blend
56$2,250,000$2,250,000$2,250,000$2,250,000
57$2,481,986$2,362,736$2,327,861$2,546,377
58$2,704,152$2,447,514$2,374,848$2,679,867
59$2,948,003$2,535,469$2,422,433$2,821,029
60$3,215,720$2,626,728$2,470,605$2,972,792
61$3,509,705$2,721,419$2,519,351$3,136,127
62$3,832,604$2,819,678$2,568,659$3,312,100
63$4,187,334$2,921,647$2,618,514$3,501,884
64$4,577,107$3,027,472$2,668,898$3,706,767
65$5,005,460$3,137,306$2,719,795$3,928,163
66$5,476,292$3,251,309$2,771,183$4,167,628
67$5,993,898$3,369,647$2,823,041$4,426,874
68$6,563,008$3,492,493$2,875,346$4,707,781
69$7,188,837$3,620,027$2,928,072$5,012,418
70$7,877,126$3,752,436$2,981,191$5,343,061
71$8,634,205$3,889,917$3,034,672$5,702,214
72$9,467,044$4,032,674$3,088,484$6,092,629
73$10,383,326$4,180,918$3,142,592$6,517,338
74$11,391,513$4,334,871$3,196,957$6,979,673
75$12,500,932$4,494,764$3,251,540$7,483,305
76$13,721,858$4,660,838$3,306,297$8,032,272
77$15,065,612$4,833,344$3,361,182$8,631,018
78$16,544,668$5,012,542$3,416,145$9,284,434
79$18,172,773$5,198,705$3,471,135$9,997,908
80$19,965,071$5,392,117$3,526,094$10,777,366
81$21,938,253$5,593,075$3,580,962$11,629,337
82$24,110,706$5,801,887$3,635,676$12,561,007
83$26,502,694$6,018,876$3,690,167$13,580,289
84$29,136,545$6,244,377$3,744,364$14,695,895
85$32,036,862$6,478,740$3,798,189$15,917,420
86$35,230,755$6,722,332$3,851,562$17,255,430
87$38,748,099$6,975,533$3,904,396$18,721,559
88$42,621,812$7,238,741$3,956,600$20,328,624
89$46,888,168$7,512,370$4,008,077$22,090,737
90$51,587,138$7,796,854$4,058,725$24,023,442
91$56,762,770$8,092,643$4,108,436$26,143,860
92$62,463,598$8,400,208$4,157,094$28,470,850
93$68,743,109$8,720,042$4,204,580$31,025,183
94$75,660,238$9,052,656$4,250,766$33,829,741
95$83,279,933$9,398,587$4,295,517$36,909,729
96$91,673,760$9,758,392$4,338,692$40,292,910
97$100,920,585$10,132,655$4,380,139$44,009,872
98$111,107,314$10,521,984$4,419,703$48,094,307
99$122,329,713$10,927,014$4,457,216$52,583,337
100$134,693,314$11,348,409$4,492,503$57,517,853