Can I retire at age 57 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$190,758$189,058$187,401$185,783$184,203$178,880
2 years$94,434$92,676$90,971$89,319$87,716$82,395
3 years$62,331$60,565$58,864$57,227$55,650$50,499
4 years$46,282$44,521$42,838$41,229$39,690$34,748
5 years$36,656$34,905$33,244$31,668$30,172$25,451
6 years$30,240$28,503$26,866$25,325$23,874$19,380
7 years$25,659$23,937$22,326$20,821$19,416$15,148
8 years$22,225$20,518$18,934$17,466$16,107$12,064
9 years$19,556$17,865$16,308$14,877$13,565$9,741
10 years$17,421$15,747$14,218$12,824$11,558$7,949
11 years$15,676$14,019$12,517$11,161$9,940$6,540
12 years$14,223$12,582$11,109$9,790$8,614$5,416
13 years$12,994$11,371$9,925$8,643$7,512$4,508
14 years$11,942$10,336$8,917$7,672$6,585$3,769
15 years$11,031$9,442$8,051$6,842$5,798$3,162
16 years$10,234$8,663$7,300$6,127$5,124$2,660
17 years$9,532$7,978$6,642$5,505$4,543$2,243
18 years$8,909$7,372$6,064$4,961$4,040$1,895
19 years$8,352$6,832$5,551$4,482$3,601$1,604
20 years$7,851$6,349$5,094$4,060$3,216$1,359
21 years$7,398$5,914$4,686$3,684$2,878$1,153
22 years$6,988$5,520$4,319$3,350$2,580$979
23 years$6,613$5,163$3,988$3,051$2,316$833
24 years$6,270$4,837$3,688$2,783$2,081$708
25 years$5,956$4,540$3,416$2,541$1,873$603
26 years$5,665$4,267$3,168$2,324$1,687$513
27 years$5,397$4,015$2,942$2,127$1,521$437
28 years$5,148$3,784$2,735$1,949$1,372$373
29 years$4,917$3,569$2,545$1,787$1,239$318
30 years$4,702$3,371$2,370$1,640$1,120$271
31 years$4,501$3,187$2,210$1,506$1,012$231
32 years$4,313$3,015$2,062$1,384$916$197
33 years$4,137$2,855$1,925$1,273$829$168
34 years$3,971$2,706$1,799$1,171$750$143
35 years$3,816$2,567$1,682$1,078$680$122
36 years$3,669$2,436$1,573$993$616$104
37 years$3,530$2,314$1,472$915$558$89
38 years$3,399$2,199$1,379$843$506$76
39 years$3,276$2,091$1,292$778$459$65
40 years$3,158$1,990$1,211$717$416$55
41 years$3,047$1,894$1,135$662$378$47
42 years$2,941$1,804$1,065$611$343$40
43 years$2,840$1,719$999$564$311$35
44 years$2,745$1,638$938$520$282$29
45 years$2,653$1,562$881$481$256$25
46 years$2,566$1,490$827$444$233$21
47 years$2,483$1,422$777$410$211$18
48 years$2,404$1,358$730$379$192$16
49 years$2,328$1,296$687$350$174$13
50 years$2,255$1,238$645$324$158$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,310,000, adding $6,646 every year, while hoping to spend $43,719 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: 44/38/18 Blend
56$2,310,000$2,310,000$2,310,000$2,310,000
57$2,552,475$2,430,045$2,394,240$2,651,233
58$2,766,311$2,502,601$2,427,931$2,793,818
59$3,000,493$2,577,246$2,461,284$2,943,430
60$3,257,050$2,654,038$2,494,244$3,104,676
61$3,538,216$2,733,034$2,526,749$3,278,653
62$3,846,454$2,814,292$2,558,734$3,466,564
63$4,184,473$2,897,872$2,590,133$3,669,736
64$4,555,259$2,983,838$2,620,872$3,889,628
65$4,962,100$3,072,250$2,650,875$4,127,844
66$5,408,618$3,163,175$2,680,064$4,386,153
67$5,898,803$3,256,676$2,708,352$4,666,498
68$6,437,050$3,352,823$2,735,651$4,971,022
69$7,028,200$3,451,682$2,761,866$5,302,082
70$7,677,587$3,553,324$2,786,899$5,662,274
71$8,391,084$3,657,821$2,810,644$6,054,454
72$9,175,166$3,765,246$2,832,992$6,481,771
73$10,036,962$3,875,672$2,853,826$6,947,690
74$10,984,329$3,989,176$2,873,025$7,456,028
75$12,025,919$4,105,835$2,890,461$8,010,988
76$13,171,270$4,225,727$2,905,998$8,617,200
77$14,430,885$4,348,934$2,919,495$9,279,764
78$15,816,340$4,475,536$2,930,802$10,004,296
79$17,340,387$4,605,617$2,939,764$10,796,986
80$19,017,075$4,739,262$2,946,216$11,664,648
81$20,861,888$4,876,556$2,949,984$12,614,791
82$22,891,881$5,017,588$2,950,889$13,655,688
83$25,125,848$5,162,446$2,948,740$14,796,452
84$27,584,499$5,311,220$2,943,337$16,047,123
85$30,290,650$5,464,002$2,934,471$17,418,762
86$33,269,443$5,620,885$2,921,923$18,923,558
87$36,548,582$5,781,963$2,905,462$20,574,936
88$40,158,590$5,947,333$2,884,848$22,387,692
89$44,133,105$6,117,090$2,859,829$24,378,127
90$48,509,187$6,291,333$2,830,139$26,564,202
91$53,327,677$6,470,161$2,795,501$28,965,707
92$58,633,575$6,653,674$2,755,625$31,604,448
93$64,476,468$6,841,973$2,710,208$34,504,454
94$70,910,998$7,035,160$2,658,930$37,692,199
95$77,997,375$7,233,338$2,601,460$41,196,860
96$85,801,947$7,436,611$2,537,448$45,050,581
97$94,397,823$7,645,082$2,466,530$49,288,789
98$103,865,567$7,858,857$2,388,324$53,950,517
99$114,293,954$8,078,041$2,302,433$59,078,778
100$125,780,812$8,302,739$2,208,438$64,720,972