Can I retire at age 57 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$188,280$186,603$184,967$183,370$181,810$180,137
2 years$93,208$91,472$89,790$88,159$86,576$84,890
3 years$61,521$59,778$58,100$56,484$54,928$53,281
4 years$45,681$43,943$42,282$40,694$39,175$37,581
5 years$36,180$34,452$32,812$31,257$29,780$28,243
6 years$29,847$28,133$26,517$24,996$23,564$22,086
7 years$25,326$23,626$22,036$20,551$19,164$17,745
8 years$21,936$20,252$18,688$17,239$15,898$14,539
9 years$19,302$17,633$16,096$14,684$13,389$12,089
10 years$17,195$15,542$14,033$12,658$11,408$10,166
11 years$15,472$13,836$12,354$11,016$9,811$8,627
12 years$14,038$12,419$10,964$9,663$8,502$7,374
13 years$12,825$11,223$9,796$8,531$7,414$6,341
14 years$11,787$10,201$8,802$7,573$6,499$5,479
15 years$10,887$9,319$7,947$6,753$5,722$4,755
16 years$10,101$8,550$7,205$6,047$5,057$4,140
17 years$9,408$7,874$6,556$5,433$4,484$3,616
18 years$8,793$7,276$5,985$4,896$3,987$3,166
19 years$8,243$6,744$5,479$4,424$3,554$2,778
20 years$7,749$6,266$5,028$4,007$3,174$2,443
21 years$7,302$5,837$4,625$3,637$2,841$2,151
22 years$6,897$5,449$4,263$3,307$2,546$1,897
23 years$6,527$5,096$3,936$3,011$2,286$1,675
24 years$6,189$4,775$3,640$2,747$2,054$1,481
25 years$5,878$4,481$3,371$2,508$1,849$1,310
26 years$5,592$4,211$3,127$2,293$1,665$1,160
27 years$5,327$3,963$2,903$2,099$1,501$1,028
28 years$5,082$3,734$2,699$1,923$1,355$912
29 years$4,854$3,523$2,512$1,764$1,223$809
30 years$4,641$3,327$2,340$1,619$1,105$718
31 years$4,443$3,145$2,181$1,487$999$638
32 years$4,257$2,976$2,035$1,366$904$567
33 years$4,083$2,818$1,900$1,256$818$504
34 years$3,920$2,671$1,775$1,156$741$448
35 years$3,766$2,534$1,660$1,064$671$398
36 years$3,621$2,405$1,553$980$608$354
37 years$3,484$2,284$1,453$903$551$315
38 years$3,355$2,171$1,361$832$499$280
39 years$3,233$2,064$1,275$767$453$250
40 years$3,117$1,964$1,195$708$411$222
41 years$3,007$1,869$1,121$653$373$198
42 years$2,903$1,780$1,051$603$338$176
43 years$2,803$1,696$986$556$307$157
44 years$2,709$1,617$926$514$279$140
45 years$2,619$1,542$869$474$253$124
46 years$2,533$1,471$817$438$230$111
47 years$2,451$1,404$767$405$209$99
48 years$2,373$1,340$721$374$189$88
49 years$2,298$1,280$678$346$172$78
50 years$2,226$1,222$637$320$156$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,280,000, adding $4,326 every year, while hoping to spend $39,646 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: 59/22/19 Blend
56$2,280,000$2,280,000$2,280,000$2,280,000
57$2,517,022$2,396,182$2,360,842$2,652,750
58$2,731,576$2,471,412$2,397,747$2,820,464
59$2,966,684$2,549,000$2,434,560$2,998,564
60$3,224,404$2,629,018$2,471,236$3,191,902
61$3,506,997$2,711,544$2,507,726$3,401,959
62$3,816,956$2,796,655$2,543,980$3,630,362
63$4,157,027$2,884,432$2,579,944$3,878,905
64$4,530,233$2,974,959$2,615,562$4,149,562
65$4,939,906$3,068,321$2,650,772$4,444,506
66$5,389,714$3,164,607$2,685,511$4,766,133
67$5,883,700$3,263,907$2,719,711$5,117,077
68$6,426,316$3,366,317$2,753,300$5,500,240
69$7,022,467$3,471,934$2,786,202$5,918,821
70$7,677,556$3,580,856$2,818,337$6,376,338
71$8,397,536$3,693,187$2,849,621$6,876,671
72$9,188,966$3,809,035$2,879,965$7,424,090
73$10,059,070$3,928,507$2,909,274$8,023,301
74$11,015,809$4,051,718$2,937,448$8,679,484
75$12,067,953$4,178,784$2,964,384$9,398,349
76$13,225,165$4,309,824$2,989,971$10,186,185
77$14,498,090$4,444,964$3,014,093$11,049,919
78$15,898,458$4,584,330$3,036,628$11,997,183
79$17,439,192$4,728,054$3,057,447$13,036,386
80$19,134,533$4,876,272$3,076,415$14,176,790
81$21,000,170$5,029,124$3,093,389$15,428,602
82$23,053,390$5,186,754$3,108,221$16,803,064
83$25,313,242$5,349,310$3,120,752$18,312,566
84$27,800,713$5,516,947$3,130,817$19,970,757
85$30,538,930$5,689,822$3,138,244$21,792,675
86$33,553,375$5,868,097$3,142,850$23,794,892
87$36,872,127$6,051,942$3,144,443$25,995,663
88$40,526,126$6,241,529$3,142,824$28,415,108
89$44,549,463$6,437,036$3,137,781$31,075,390
90$48,979,705$6,638,648$3,129,093$34,000,936
91$53,858,248$6,846,554$3,116,530$37,218,658
92$59,230,704$7,060,950$3,099,849$40,758,210
93$65,147,336$7,282,037$3,078,794$44,652,268
94$71,663,530$7,510,023$3,053,100$48,936,841
95$78,840,318$7,745,122$3,022,486$53,651,604
96$86,744,952$7,987,554$2,986,661$58,840,276
97$95,451,541$8,237,548$2,945,318$64,551,035
98$105,041,748$8,495,338$2,898,136$70,836,968
99$115,605,562$8,761,165$2,844,779$77,756,574
100$127,242,146$9,035,278$2,784,896$85,374,315