Can I retire at age 57 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$186,629$184,966$183,344$181,761$180,216$176,794
2 years$92,390$90,670$89,002$87,385$85,817$82,383
3 years$60,982$59,254$57,590$55,989$54,446$51,107
4 years$45,281$43,558$41,911$40,337$38,831$35,613
5 years$35,862$34,150$32,525$30,982$29,519$26,430
6 years$29,585$27,886$26,285$24,777$23,357$20,401
7 years$25,104$23,419$21,843$20,370$18,996$16,174
8 years$21,744$20,074$18,524$17,088$15,759$13,070
9 years$19,132$17,478$15,955$14,555$13,271$10,714
10 years$17,044$15,406$13,910$12,547$11,308$8,879
11 years$15,337$13,715$12,246$10,920$9,725$7,423
12 years$13,915$12,310$10,868$9,578$8,427$6,248
13 years$12,713$11,125$9,710$8,456$7,349$5,289
14 years$11,683$10,112$8,724$7,506$6,442$4,498
15 years$10,792$9,237$7,877$6,694$5,672$3,840
16 years$10,013$8,475$7,142$5,994$5,013$3,288
17 years$9,326$7,805$6,499$5,385$4,445$2,823
18 years$8,716$7,212$5,932$4,853$3,952$2,430
19 years$8,171$6,684$5,431$4,385$3,523$2,095
20 years$7,681$6,211$4,984$3,972$3,146$1,809
21 years$7,238$5,786$4,584$3,605$2,816$1,565
22 years$6,836$5,401$4,225$3,278$2,524$1,355
23 years$6,470$5,051$3,901$2,985$2,266$1,175
24 years$6,135$4,733$3,608$2,722$2,036$1,019
25 years$5,827$4,441$3,342$2,486$1,832$885
26 years$5,543$4,174$3,099$2,273$1,651$769
27 years$5,280$3,928$2,878$2,081$1,488$668
28 years$5,037$3,702$2,675$1,906$1,343$581
29 years$4,811$3,492$2,490$1,748$1,213$506
30 years$4,600$3,298$2,319$1,604$1,096$440
31 years$4,404$3,118$2,162$1,474$991$383
32 years$4,220$2,950$2,017$1,354$896$334
33 years$4,047$2,794$1,883$1,245$811$291
34 years$3,885$2,648$1,760$1,146$734$253
35 years$3,733$2,511$1,645$1,055$665$221
36 years$3,589$2,384$1,539$971$602$192
37 years$3,454$2,264$1,441$895$546$168
38 years$3,326$2,152$1,349$825$495$146
39 years$3,205$2,046$1,264$761$449$128
40 years$3,090$1,946$1,185$702$407$111
41 years$2,981$1,853$1,111$647$369$97
42 years$2,877$1,765$1,042$597$335$85
43 years$2,779$1,681$978$551$304$74
44 years$2,685$1,603$918$509$276$64
45 years$2,596$1,528$862$470$251$56
46 years$2,511$1,458$809$434$228$49
47 years$2,430$1,391$760$401$207$43
48 years$2,352$1,328$715$371$188$37
49 years$2,278$1,268$672$343$170$33
50 years$2,207$1,212$631$317$155$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,260,000, adding $5,654 every year, while hoping to spend $27,350 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: 26/46/28 Blend
56$2,260,000$2,260,000$2,260,000$2,260,000
57$2,496,352$2,376,572$2,341,542$2,539,301
58$2,721,880$2,463,924$2,390,884$2,662,389
59$2,969,495$2,554,639$2,440,961$2,791,655
60$3,241,421$2,648,854$2,491,771$2,929,788
61$3,540,108$2,746,711$2,543,308$3,077,558
62$3,868,255$2,848,356$2,595,565$3,235,808
63$4,228,836$2,953,944$2,648,535$3,405,461
64$4,625,125$3,063,635$2,702,209$3,587,531
65$5,060,732$3,177,597$2,756,577$3,783,130
66$5,539,632$3,296,004$2,811,627$3,993,477
67$6,066,205$3,419,039$2,867,347$4,219,913
68$6,645,276$3,546,890$2,923,722$4,463,906
69$7,282,163$3,679,756$2,980,735$4,727,072
70$7,982,722$3,817,844$3,038,369$5,011,182
71$8,753,409$3,961,367$3,096,603$5,318,185
72$9,601,334$4,110,552$3,155,417$5,650,220
73$10,534,333$4,265,631$3,214,786$6,009,637
74$11,561,038$4,426,850$3,274,684$6,399,022
75$12,690,960$4,594,462$3,335,083$6,821,213
76$13,934,582$4,768,735$3,395,952$7,279,335
77$15,303,452$4,949,945$3,457,258$7,776,819
78$16,810,294$5,138,382$3,518,966$8,317,441
79$18,469,129$5,334,348$3,581,037$8,905,353
80$20,295,407$5,538,158$3,643,429$9,545,123
81$22,306,152$5,750,141$3,706,097$10,241,773
82$24,520,122$5,970,641$3,768,994$11,000,830
83$26,957,988$6,200,015$3,832,068$11,828,375
84$29,642,525$6,438,639$3,895,265$12,731,098
85$32,598,833$6,686,902$3,958,526$13,716,362
86$35,854,565$6,945,212$4,021,789$14,792,271
87$39,440,199$7,213,995$4,084,986$15,967,741
88$43,389,313$7,493,695$4,148,048$17,252,588
89$47,738,913$7,784,776$4,210,897$18,657,616
90$52,529,774$8,087,722$4,273,455$20,194,721
91$57,806,831$8,403,040$4,335,635$21,876,995
92$63,619,596$8,731,258$4,397,347$23,718,854
93$70,022,633$9,072,927$4,458,496$25,736,170
94$77,076,064$9,428,623$4,518,979$27,946,418
95$84,846,147$9,798,950$4,578,688$30,368,841
96$93,405,889$10,184,534$4,637,510$33,024,629
97$102,835,747$10,586,033$4,695,324$35,937,116
98$113,224,378$11,004,133$4,752,001$39,131,997
99$124,669,479$11,439,551$4,807,409$42,637,573
100$137,278,712$11,893,035$4,861,403$46,485,011