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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$188,280$186,603$184,967$183,370$181,810$181,044
2 years$93,208$91,472$89,790$88,159$86,576$85,803
3 years$61,521$59,778$58,100$56,484$54,928$54,171
4 years$45,681$43,943$42,282$40,694$39,175$38,440
5 years$36,180$34,452$32,812$31,257$29,780$29,070
6 years$29,847$28,133$26,517$24,996$23,564$22,880
7 years$25,326$23,626$22,036$20,551$19,164$18,505
8 years$21,936$20,252$18,688$17,239$15,898$15,266
9 years$19,302$17,633$16,096$14,684$13,389$12,782
10 years$17,195$15,542$14,033$12,658$11,408$10,827
11 years$15,472$13,836$12,354$11,016$9,811$9,255
12 years$14,038$12,419$10,964$9,663$8,502$7,971
13 years$12,825$11,223$9,796$8,531$7,414$6,907
14 years$11,787$10,201$8,802$7,573$6,499$6,016
15 years$10,887$9,319$7,947$6,753$5,722$5,262
16 years$10,101$8,550$7,205$6,047$5,057$4,620
17 years$9,408$7,874$6,556$5,433$4,484$4,068
18 years$8,793$7,276$5,985$4,896$3,987$3,592
19 years$8,243$6,744$5,479$4,424$3,554$3,180
20 years$7,749$6,266$5,028$4,007$3,174$2,820
21 years$7,302$5,837$4,625$3,637$2,841$2,505
22 years$6,897$5,449$4,263$3,307$2,546$2,229
23 years$6,527$5,096$3,936$3,011$2,286$1,986
24 years$6,189$4,775$3,640$2,747$2,054$1,772
25 years$5,878$4,481$3,371$2,508$1,849$1,582
26 years$5,592$4,211$3,127$2,293$1,665$1,414
27 years$5,327$3,963$2,903$2,099$1,501$1,265
28 years$5,082$3,734$2,699$1,923$1,355$1,133
29 years$4,854$3,523$2,512$1,764$1,223$1,015
30 years$4,641$3,327$2,340$1,619$1,105$910
31 years$4,443$3,145$2,181$1,487$999$816
32 years$4,257$2,976$2,035$1,366$904$732
33 years$4,083$2,818$1,900$1,256$818$657
34 years$3,920$2,671$1,775$1,156$741$590
35 years$3,766$2,534$1,660$1,064$671$530
36 years$3,621$2,405$1,553$980$608$476
37 years$3,484$2,284$1,453$903$551$428
38 years$3,355$2,171$1,361$832$499$385
39 years$3,233$2,064$1,275$767$453$346
40 years$3,117$1,964$1,195$708$411$311
41 years$3,007$1,869$1,121$653$373$280
42 years$2,903$1,780$1,051$603$338$252
43 years$2,803$1,696$986$556$307$227
44 years$2,709$1,617$926$514$279$204
45 years$2,619$1,542$869$474$253$183
46 years$2,533$1,471$817$438$230$165
47 years$2,451$1,404$767$405$209$149
48 years$2,373$1,340$721$374$189$134
49 years$2,298$1,280$678$346$172$120
50 years$2,226$1,222$637$320$156$108

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 $6,928 every year, while hoping to spend $28,219 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: 61/19/20 Blend
56$2,280,000$2,280,000$2,280,000$2,280,000
57$2,519,706$2,398,866$2,363,526$2,659,897
58$2,746,691$2,486,386$2,412,680$2,842,992
59$2,995,883$2,577,248$2,462,534$3,038,993
60$3,269,517$2,671,587$2,513,082$3,252,262
61$3,570,056$2,769,543$2,564,318$3,484,483
62$3,900,211$2,871,260$2,616,232$3,737,505
63$4,262,971$2,976,890$2,668,815$4,013,365
64$4,661,629$3,086,592$2,722,055$4,314,307
65$5,099,810$3,200,530$2,775,939$4,642,797
66$5,581,511$3,318,877$2,830,453$5,001,553
67$6,111,133$3,441,810$2,885,581$5,393,568
68$6,693,526$3,569,516$2,941,306$5,822,133
69$7,334,034$3,702,190$2,997,607$6,290,877
70$8,038,543$3,840,035$3,054,465$6,803,793
71$8,813,540$3,983,262$3,111,855$7,365,277
72$9,666,171$4,132,092$3,169,752$7,980,174
73$10,604,310$4,286,755$3,228,129$8,653,817
74$11,636,634$4,447,490$3,286,955$9,392,079
75$12,772,701$4,614,547$3,346,199$10,201,430
76$14,023,045$4,788,188$3,405,825$11,088,994
77$15,399,271$4,968,685$3,465,795$12,062,620
78$16,914,167$5,156,321$3,526,070$13,130,954
79$18,581,824$5,351,392$3,586,605$14,303,516
80$20,417,767$5,554,208$3,647,354$15,590,796
81$22,439,106$5,765,091$3,708,267$17,004,348
82$24,664,691$5,984,377$3,769,290$18,556,902
83$27,115,295$6,212,417$3,830,367$20,262,478
84$29,813,807$6,449,577$3,891,436$22,136,523
85$32,785,449$6,696,240$3,952,432$24,196,057
86$36,058,014$6,952,804$4,013,287$26,459,825
87$39,662,126$7,219,686$4,073,927$28,948,484
88$43,631,532$7,497,321$4,134,274$31,684,790
89$48,003,420$7,786,161$4,194,243$34,693,812
90$52,818,767$8,086,681$4,253,749$38,003,175
91$58,122,728$8,399,375$4,312,696$41,643,310
92$63,965,061$8,724,759$4,370,986$45,647,750
93$70,400,597$9,063,372$4,428,513$50,053,438
94$77,489,757$9,415,776$4,485,168$54,901,081
95$85,299,123$9,782,560$4,540,832$60,235,528
96$93,902,065$10,164,337$4,595,381$66,106,198
97$103,379,433$10,561,747$4,648,684$72,567,540
98$113,820,323$10,975,460$4,700,602$79,679,552
99$125,322,913$11,406,175$4,750,990$87,508,340
100$137,995,395$11,854,622$4,799,693$96,126,746