Can I retire at age 57 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$187,454$185,785$184,156$182,566$181,013$179,421
2 years$92,799$91,071$89,396$87,772$86,197$84,593
3 years$61,252$59,516$57,845$56,236$54,687$53,120
4 years$45,481$43,750$42,096$40,515$39,003$37,486
5 years$36,021$34,301$32,669$31,119$29,649$28,187
6 years$29,716$28,009$26,401$24,887$23,461$22,054
7 years$25,215$23,522$21,939$20,461$19,080$17,729
8 years$21,840$20,163$18,606$17,164$15,829$14,534
9 years$19,217$17,555$16,026$14,620$13,330$12,092
10 years$17,120$15,474$13,972$12,602$11,358$10,175
11 years$15,405$13,776$12,300$10,968$9,768$8,640
12 years$13,977$12,364$10,916$9,620$8,465$7,390
13 years$12,769$11,174$9,753$8,493$7,381$6,358
14 years$11,735$10,157$8,763$7,539$6,471$5,498
15 years$10,840$9,278$7,912$6,724$5,697$4,774
16 years$10,057$8,513$7,173$6,020$5,035$4,160
17 years$9,367$7,840$6,527$5,409$4,465$3,636
18 years$8,755$7,244$5,959$4,875$3,970$3,186
19 years$8,207$6,714$5,455$4,405$3,538$2,798
20 years$7,715$6,239$5,006$3,989$3,160$2,461
21 years$7,270$5,811$4,605$3,621$2,828$2,169
22 years$6,867$5,425$4,244$3,292$2,535$1,914
23 years$6,499$5,074$3,919$2,998$2,276$1,692
24 years$6,162$4,754$3,624$2,734$2,045$1,496
25 years$5,852$4,461$3,357$2,497$1,841$1,325
26 years$5,567$4,193$3,113$2,283$1,658$1,174
27 years$5,304$3,946$2,891$2,090$1,495$1,041
28 years$5,059$3,718$2,687$1,915$1,349$924
29 years$4,832$3,508$2,501$1,756$1,218$821
30 years$4,621$3,313$2,329$1,612$1,100$729
31 years$4,423$3,131$2,172$1,480$995$648
32 years$4,238$2,963$2,026$1,360$900$576
33 years$4,065$2,806$1,892$1,251$814$513
34 years$3,903$2,659$1,768$1,151$737$456
35 years$3,750$2,522$1,653$1,059$668$406
36 years$3,605$2,394$1,546$976$605$361
37 years$3,469$2,274$1,447$899$548$322
38 years$3,341$2,161$1,355$829$497$287
39 years$3,219$2,055$1,270$764$451$255
40 years$3,103$1,955$1,190$705$409$227
41 years$2,994$1,861$1,116$650$371$203
42 years$2,890$1,772$1,047$600$337$181
43 years$2,791$1,689$982$554$306$161
44 years$2,697$1,610$922$511$277$144
45 years$2,607$1,535$866$472$252$128
46 years$2,522$1,464$813$436$229$114
47 years$2,440$1,397$764$403$208$102
48 years$2,362$1,334$718$372$189$91
49 years$2,288$1,274$675$344$171$81
50 years$2,216$1,217$634$318$156$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,270,000, adding $3,542 every year, while hoping to spend $56,930 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: 51/31/18 Blend
56$2,270,000$2,270,000$2,270,000$2,270,000
57$2,505,194$2,384,884$2,349,699$2,620,356
58$2,700,150$2,441,170$2,367,840$2,756,308
59$2,913,084$2,498,306$2,384,682$2,897,834
60$3,145,770$2,556,274$2,400,119$3,050,475
61$3,400,159$2,615,052$2,414,044$3,215,299
62$3,678,401$2,674,616$2,426,341$3,393,488
63$3,982,865$2,734,938$2,436,890$3,586,339
64$4,316,155$2,795,988$2,445,564$3,795,285
65$4,681,143$2,857,732$2,452,230$4,021,902
66$5,080,989$2,920,130$2,456,749$4,267,929
67$5,519,174$2,983,140$2,458,974$4,535,281
68$5,999,531$3,046,716$2,458,751$4,826,069
69$6,526,283$3,110,805$2,455,919$5,142,619
70$7,104,080$3,175,350$2,450,309$5,487,494
71$7,738,043$3,240,289$2,441,741$5,863,521
72$8,433,816$3,305,556$2,430,032$6,273,814
73$9,197,612$3,371,074$2,414,984$6,721,805
74$10,036,276$3,436,765$2,396,394$7,211,278
75$10,957,350$3,502,541$2,374,048$7,746,402
76$11,969,142$3,568,307$2,347,720$8,331,774
77$13,080,801$3,633,961$2,317,175$8,972,461
78$14,302,410$3,699,392$2,282,168$9,674,047
79$15,645,075$3,764,482$2,242,440$10,442,687
80$17,121,033$3,829,101$2,197,722$11,285,168
81$18,743,763$3,893,112$2,147,730$12,208,966
82$20,528,118$3,956,365$2,092,170$13,222,328
83$22,490,460$4,018,702$2,030,732$14,334,340
84$24,648,818$4,079,949$1,963,093$15,555,018
85$27,023,055$4,139,924$1,888,914$16,895,404
86$29,635,056$4,198,430$1,807,842$18,367,667
87$32,508,935$4,255,256$1,719,508$19,985,223
88$35,671,258$4,310,176$1,623,523$21,762,859
89$39,151,301$4,362,949$1,519,486$23,716,874
90$42,981,317$4,413,317$1,406,972$25,865,234
91$47,196,848$4,461,006$1,285,542$28,227,742
92$51,837,053$4,505,721$1,154,734$30,826,226
93$56,945,082$4,547,151$1,014,067$33,684,745
94$62,568,480$4,584,961$863,038$36,829,821
95$68,759,637$4,618,797$701,122$40,290,684
96$75,576,281$4,648,279$527,771$44,099,553
97$83,082,023$4,673,006$342,412$48,291,943
98$91,346,955$4,692,548$144,448$52,906,996
99$100,448,312$4,706,451$0$57,987,857
100$110,471,203$4,714,230$0$63,594,912