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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$190,758$189,058$187,401$185,783$184,203$183,195
2 years$94,434$92,676$90,971$89,319$87,716$86,699
3 years$62,331$60,565$58,864$57,227$55,650$54,656
4 years$46,282$44,521$42,838$41,229$39,690$38,726
5 years$36,656$34,905$33,244$31,668$30,172$29,241
6 years$30,240$28,503$26,866$25,325$23,874$22,977
7 years$25,659$23,937$22,326$20,821$19,416$18,553
8 years$22,225$20,518$18,934$17,466$16,107$15,279
9 years$19,556$17,865$16,308$14,877$13,565$12,771
10 years$17,421$15,747$14,218$12,824$11,558$10,798
11 years$15,676$14,019$12,517$11,161$9,940$9,214
12 years$14,223$12,582$11,109$9,790$8,614$7,920
13 years$12,994$11,371$9,925$8,643$7,512$6,850
14 years$11,942$10,336$8,917$7,672$6,585$5,955
15 years$11,031$9,442$8,051$6,842$5,798$5,198
16 years$10,234$8,663$7,300$6,127$5,124$4,554
17 years$9,532$7,978$6,642$5,505$4,543$4,003
18 years$8,909$7,372$6,064$4,961$4,040$3,527
19 years$8,352$6,832$5,551$4,482$3,601$3,115
20 years$7,851$6,349$5,094$4,060$3,216$2,757
21 years$7,398$5,914$4,686$3,684$2,878$2,444
22 years$6,988$5,520$4,319$3,350$2,580$2,170
23 years$6,613$5,163$3,988$3,051$2,316$1,929
24 years$6,270$4,837$3,688$2,783$2,081$1,717
25 years$5,956$4,540$3,416$2,541$1,873$1,530
26 years$5,665$4,267$3,168$2,324$1,687$1,364
27 years$5,397$4,015$2,942$2,127$1,521$1,217
28 years$5,148$3,784$2,735$1,949$1,372$1,087
29 years$4,917$3,569$2,545$1,787$1,239$972
30 years$4,702$3,371$2,370$1,640$1,120$869
31 years$4,501$3,187$2,210$1,506$1,012$777
32 years$4,313$3,015$2,062$1,384$916$696
33 years$4,137$2,855$1,925$1,273$829$623
34 years$3,971$2,706$1,799$1,171$750$558
35 years$3,816$2,567$1,682$1,078$680$500
36 years$3,669$2,436$1,573$993$616$448
37 years$3,530$2,314$1,472$915$558$402
38 years$3,399$2,199$1,379$843$506$360
39 years$3,276$2,091$1,292$778$459$323
40 years$3,158$1,990$1,211$717$416$290
41 years$3,047$1,894$1,135$662$378$260
42 years$2,941$1,804$1,065$611$343$233
43 years$2,840$1,719$999$564$311$209
44 years$2,745$1,638$938$520$282$188
45 years$2,653$1,562$881$481$256$169
46 years$2,566$1,490$827$444$233$151
47 years$2,483$1,422$777$410$211$136
48 years$2,404$1,358$730$379$192$122
49 years$2,328$1,296$687$350$174$110
50 years$2,255$1,238$645$324$158$98

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 $4,472 every year, while hoping to spend $20,147 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: 58/15/27 Blend
56$2,310,000$2,310,000$2,310,000$2,310,000
57$2,550,233$2,427,803$2,391,998$2,679,148
58$2,788,920$2,525,329$2,450,694$2,865,400
59$3,051,279$2,626,959$2,510,680$3,065,871
60$3,339,701$2,732,872$2,571,980$3,284,042
61$3,656,824$2,843,256$2,634,615$3,521,636
62$4,005,553$2,958,308$2,698,607$3,780,545
63$4,389,087$3,078,233$2,763,978$4,062,855
64$4,810,954$3,203,246$2,830,751$4,370,858
65$5,275,037$3,333,571$2,898,948$4,707,079
66$5,785,618$3,469,443$2,968,589$5,074,298
67$6,347,413$3,611,108$3,039,699$5,475,574
68$6,965,618$3,758,821$3,112,298$5,914,275
69$7,645,960$3,912,852$3,186,409$6,394,108
70$8,394,746$4,073,480$3,262,052$6,919,157
71$9,218,929$4,241,000$3,339,249$7,493,917
72$10,126,168$4,415,717$3,418,023$8,123,337
73$11,124,903$4,597,953$3,498,392$8,812,869
74$12,224,434$4,788,044$3,580,379$9,568,515
75$13,435,008$4,986,339$3,664,004$10,396,886
76$14,767,917$5,193,208$3,749,286$11,305,263
77$16,235,602$5,409,033$3,836,244$12,301,663
78$17,851,774$5,634,215$3,924,899$13,394,918
79$19,631,539$5,869,177$4,015,268$14,594,757
80$21,591,546$6,114,356$4,107,369$15,911,892
81$23,750,138$6,370,213$4,201,219$17,358,125
82$26,127,527$6,637,229$4,296,836$18,946,458
83$28,745,989$6,915,908$4,394,234$20,691,210
84$31,630,068$7,206,776$4,493,429$22,608,157
85$34,806,811$7,510,383$4,594,435$24,714,676
86$38,306,021$7,827,308$4,697,264$27,029,911
87$42,160,542$8,158,152$4,801,929$29,574,953
88$46,406,564$8,503,549$4,908,440$32,373,035
89$51,083,968$8,864,157$5,016,807$35,449,755
90$56,236,702$9,240,669$5,127,039$38,833,314
91$61,913,192$9,633,809$5,239,142$42,554,779
92$68,166,805$10,044,333$5,353,121$46,648,382
93$75,056,349$10,473,035$5,468,980$51,151,835
94$82,646,627$10,920,744$5,586,721$56,106,690
95$91,009,051$11,388,328$5,706,344$61,558,727
96$100,222,314$11,876,697$5,827,847$67,558,387
97$110,373,137$12,386,801$5,951,226$74,161,246
98$121,557,080$12,919,638$6,076,475$81,428,538
99$133,879,450$13,476,248$6,203,585$89,427,733
100$147,456,294$14,057,724$6,332,545$98,233,171