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%18.2%
1 years$187,454$185,785$184,156$182,566$181,013$175,009
2 years$92,799$91,071$89,396$87,772$86,197$80,206
3 years$61,252$59,516$57,845$56,236$54,687$48,897
4 years$45,481$43,750$42,096$40,515$39,003$33,459
5 years$36,021$34,301$32,669$31,119$29,649$24,366
6 years$29,716$28,009$26,401$24,887$23,461$18,442
7 years$25,215$23,522$21,939$20,461$19,080$14,325
8 years$21,840$20,163$18,606$17,164$15,829$11,335
9 years$19,217$17,555$16,026$14,620$13,330$9,091
10 years$17,120$15,474$13,972$12,602$11,358$7,368
11 years$15,405$13,776$12,300$10,968$9,768$6,019
12 years$13,977$12,364$10,916$9,620$8,465$4,948
13 years$12,769$11,174$9,753$8,493$7,381$4,088
14 years$11,735$10,157$8,763$7,539$6,471$3,392
15 years$10,840$9,278$7,912$6,724$5,697$2,823
16 years$10,057$8,513$7,173$6,020$5,035$2,356
17 years$9,367$7,840$6,527$5,409$4,465$1,971
18 years$8,755$7,244$5,959$4,875$3,970$1,652
19 years$8,207$6,714$5,455$4,405$3,538$1,386
20 years$7,715$6,239$5,006$3,989$3,160$1,165
21 years$7,270$5,811$4,605$3,621$2,828$980
22 years$6,867$5,425$4,244$3,292$2,535$825
23 years$6,499$5,074$3,919$2,998$2,276$696
24 years$6,162$4,754$3,624$2,734$2,045$586
25 years$5,852$4,461$3,357$2,497$1,841$495
26 years$5,567$4,193$3,113$2,283$1,658$418
27 years$5,304$3,946$2,891$2,090$1,495$353
28 years$5,059$3,718$2,687$1,915$1,349$298
29 years$4,832$3,508$2,501$1,756$1,218$252
30 years$4,621$3,313$2,329$1,612$1,100$213
31 years$4,423$3,131$2,172$1,480$995$180
32 years$4,238$2,963$2,026$1,360$900$152
33 years$4,065$2,806$1,892$1,251$814$128
34 years$3,903$2,659$1,768$1,151$737$109
35 years$3,750$2,522$1,653$1,059$668$92
36 years$3,605$2,394$1,546$976$605$78
37 years$3,469$2,274$1,447$899$548$66
38 years$3,341$2,161$1,355$829$497$56
39 years$3,219$2,055$1,270$764$451$47
40 years$3,103$1,955$1,190$705$409$40
41 years$2,994$1,861$1,116$650$371$34
42 years$2,890$1,772$1,047$600$337$28
43 years$2,791$1,689$982$554$306$24
44 years$2,697$1,610$922$511$277$20
45 years$2,607$1,535$866$472$252$17
46 years$2,522$1,464$813$436$229$15
47 years$2,440$1,397$764$403$208$12
48 years$2,362$1,334$718$372$189$10
49 years$2,288$1,274$675$344$171$9
50 years$2,216$1,217$634$318$156$7

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 $3,344 every year, while hoping to spend $57,741 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: 68/26/6 Blend
56$2,270,000$2,270,000$2,270,000$2,270,000
57$2,504,989$2,384,679$2,349,494$2,672,938
58$2,699,062$2,440,093$2,366,766$2,840,011
59$2,910,995$2,496,286$2,382,682$3,015,301
60$3,142,550$2,553,237$2,397,134$3,205,415
61$3,395,663$2,610,919$2,410,012$3,411,792
62$3,672,470$2,669,303$2,421,197$3,636,016
63$3,975,321$2,728,358$2,430,566$3,879,832
64$4,306,803$2,788,046$2,437,989$4,145,161
65$4,669,764$2,848,329$2,443,329$4,434,119
66$5,067,344$2,909,160$2,446,444$4,749,036
67$5,502,996$2,970,492$2,447,183$5,092,478
68$5,980,527$3,032,271$2,445,389$5,467,274
69$6,504,126$3,094,438$2,440,895$5,876,537
70$7,078,411$3,156,930$2,433,529$6,323,699
71$7,708,465$3,219,675$2,423,108$6,812,540
72$8,399,888$3,282,599$2,409,442$7,347,223
73$9,158,850$3,345,619$2,392,331$7,932,336
74$9,992,143$3,408,645$2,371,565$8,572,934
75$10,907,254$3,471,581$2,346,925$9,274,586
76$11,912,427$3,534,322$2,318,180$10,043,428
77$13,016,746$3,596,755$2,285,091$10,886,222
78$14,230,217$3,658,759$2,247,404$11,810,416
79$15,563,864$3,720,203$2,204,856$12,824,219
80$17,029,830$3,780,945$2,157,172$13,936,678
81$18,641,497$3,840,835$2,104,061$15,157,760
82$20,413,604$3,899,711$2,045,221$16,498,447
83$22,362,392$3,957,397$1,980,337$17,970,844
84$24,505,755$4,013,708$1,909,077$19,588,287
85$26,863,406$4,068,444$1,831,095$21,365,474
86$29,457,067$4,121,391$1,746,030$23,318,601
87$32,310,669$4,172,321$1,653,503$25,465,517
88$35,450,581$4,220,989$1,553,120$27,825,891
89$38,905,858$4,267,135$1,444,466$30,421,398
90$42,708,511$4,310,480$1,327,112$33,275,925
91$46,893,814$4,350,728$1,200,605$36,415,796
92$51,500,633$4,387,564$1,064,475$39,870,019
93$56,571,792$4,420,649$918,229$43,670,565
94$62,154,479$4,449,625$761,354$47,852,665
95$68,300,690$4,474,110$593,314$52,455,145
96$75,067,718$4,493,699$413,547$57,520,792
97$82,518,693$4,507,959$221,469$63,096,763
98$90,723,182$4,516,430$16,470$69,235,023
99$99,757,837$4,518,626$0$75,992,841
100$109,707,125$4,514,027$0$83,446,282