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%14.8%
1 years$187,454$185,785$184,156$182,566$181,013$177,431
2 years$92,799$91,071$89,396$87,772$86,197$82,603
3 years$61,252$59,516$57,845$56,236$54,687$51,193
4 years$45,481$43,750$42,096$40,515$39,003$35,637
5 years$36,021$34,301$32,669$31,119$29,649$26,420
6 years$29,716$28,009$26,401$24,887$23,461$20,372
7 years$25,215$23,522$21,939$20,461$19,080$16,132
8 years$21,840$20,163$18,606$17,164$15,829$13,021
9 years$19,217$17,555$16,026$14,620$13,330$10,661
10 years$17,120$15,474$13,972$12,602$11,358$8,825
11 years$15,405$13,776$12,300$10,968$9,768$7,368
12 years$13,977$12,364$10,916$9,620$8,465$6,194
13 years$12,769$11,174$9,753$8,493$7,381$5,236
14 years$11,735$10,157$8,763$7,539$6,471$4,447
15 years$10,840$9,278$7,912$6,724$5,697$3,791
16 years$10,057$8,513$7,173$6,020$5,035$3,242
17 years$9,367$7,840$6,527$5,409$4,465$2,780
18 years$8,755$7,244$5,959$4,875$3,970$2,389
19 years$8,207$6,714$5,455$4,405$3,538$2,057
20 years$7,715$6,239$5,006$3,989$3,160$1,774
21 years$7,270$5,811$4,605$3,621$2,828$1,532
22 years$6,867$5,425$4,244$3,292$2,535$1,324
23 years$6,499$5,074$3,919$2,998$2,276$1,146
24 years$6,162$4,754$3,624$2,734$2,045$993
25 years$5,852$4,461$3,357$2,497$1,841$860
26 years$5,567$4,193$3,113$2,283$1,658$746
27 years$5,304$3,946$2,891$2,090$1,495$648
28 years$5,059$3,718$2,687$1,915$1,349$562
29 years$4,832$3,508$2,501$1,756$1,218$489
30 years$4,621$3,313$2,329$1,612$1,100$425
31 years$4,423$3,131$2,172$1,480$995$369
32 years$4,238$2,963$2,026$1,360$900$321
33 years$4,065$2,806$1,892$1,251$814$279
34 years$3,903$2,659$1,768$1,151$737$243
35 years$3,750$2,522$1,653$1,059$668$211
36 years$3,605$2,394$1,546$976$605$184
37 years$3,469$2,274$1,447$899$548$160
38 years$3,341$2,161$1,355$829$497$139
39 years$3,219$2,055$1,270$764$451$121
40 years$3,103$1,955$1,190$705$409$106
41 years$2,994$1,861$1,116$650$371$92
42 years$2,890$1,772$1,047$600$337$80
43 years$2,791$1,689$982$554$306$70
44 years$2,697$1,610$922$511$277$61
45 years$2,607$1,535$866$472$252$53
46 years$2,522$1,464$813$436$229$46
47 years$2,440$1,397$764$403$208$40
48 years$2,362$1,334$718$372$189$35
49 years$2,288$1,274$675$344$171$30
50 years$2,216$1,217$634$318$156$26

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 $4,365 every year, while hoping to spend $23,267 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: 34/42/24 Blend
56$2,270,000$2,270,000$2,270,000$2,270,000
57$2,506,042$2,385,732$2,350,547$2,572,815
58$2,736,903$2,477,877$2,404,535$2,715,154
59$2,990,531$2,573,758$2,459,551$2,866,122
60$3,269,225$2,673,532$2,515,606$3,028,456
61$3,575,517$2,777,365$2,572,709$3,203,181
62$3,912,194$2,885,430$2,630,869$3,391,418
63$4,282,329$2,997,908$2,690,095$3,594,402
64$4,689,307$3,114,986$2,750,394$3,813,486
65$5,136,858$3,236,862$2,811,774$4,050,154
66$5,629,091$3,363,741$2,874,241$4,306,040
67$6,170,531$3,495,838$2,937,801$4,582,935
68$6,766,168$3,633,376$3,002,460$4,882,808
69$7,421,496$3,776,591$3,068,221$5,207,822
70$8,142,571$3,925,726$3,135,089$5,560,356
71$8,936,064$4,081,037$3,203,065$5,943,021
72$9,809,326$4,242,792$3,272,152$6,358,691
73$10,770,457$4,411,269$3,342,349$6,810,523
74$11,828,382$4,586,759$3,413,656$7,301,990
75$12,992,934$4,769,568$3,486,070$7,836,909
76$14,274,950$4,960,013$3,559,590$8,419,480
77$15,686,368$5,158,427$3,634,210$9,054,322
78$17,240,345$5,365,157$3,709,923$9,746,517
79$18,951,378$5,580,567$3,786,723$10,501,653
80$20,835,441$5,805,037$3,864,600$11,325,882
81$22,910,135$6,038,963$3,943,544$12,225,970
82$25,194,856$6,282,760$4,023,540$13,209,365
83$27,710,977$6,536,861$4,104,575$14,284,261
84$30,482,050$6,801,720$4,186,631$15,459,678
85$33,534,025$7,077,811$4,269,689$16,745,545
86$36,895,501$7,365,628$4,353,729$18,152,788
87$40,597,988$7,665,691$4,438,725$19,693,438
88$44,676,212$7,978,539$4,524,652$21,380,736
89$49,168,438$8,304,739$4,611,480$23,229,263
90$54,116,832$8,644,884$4,699,177$25,255,069
91$59,567,857$8,999,592$4,787,708$27,475,829
92$65,572,718$9,369,511$4,877,035$29,911,003
93$72,187,835$9,755,318$4,967,116$32,582,019
94$79,475,386$10,157,720$5,057,906$35,512,475
95$87,503,885$10,577,458$5,149,355$38,728,355
96$96,348,834$11,015,306$5,241,412$42,258,277
97$106,093,434$11,472,075$5,334,018$46,133,757
98$116,829,369$11,948,612$5,427,113$50,389,507
99$128,657,674$12,445,802$5,520,630$55,063,755
100$141,689,684$12,964,574$5,614,499$60,198,608