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%14.6%
1 years$190,758$189,058$187,401$185,783$184,203$180,705
2 years$94,434$92,676$90,971$89,319$87,716$84,206
3 years$62,331$60,565$58,864$57,227$55,650$52,237
4 years$46,282$44,521$42,838$41,229$39,690$36,400
5 years$36,656$34,905$33,244$31,668$30,172$27,015
6 years$30,240$28,503$26,866$25,325$23,874$20,853
7 years$25,659$23,937$22,326$20,821$19,416$16,531
8 years$22,225$20,518$18,934$17,466$16,107$13,359
9 years$19,556$17,865$16,308$14,877$13,565$10,951
10 years$17,421$15,747$14,218$12,824$11,558$9,076
11 years$15,676$14,019$12,517$11,161$9,940$7,587
12 years$14,223$12,582$11,109$9,790$8,614$6,386
13 years$12,994$11,371$9,925$8,643$7,512$5,406
14 years$11,942$10,336$8,917$7,672$6,585$4,597
15 years$11,031$9,442$8,051$6,842$5,798$3,924
16 years$10,234$8,663$7,300$6,127$5,124$3,361
17 years$9,532$7,978$6,642$5,505$4,543$2,886
18 years$8,909$7,372$6,064$4,961$4,040$2,484
19 years$8,352$6,832$5,551$4,482$3,601$2,141
20 years$7,851$6,349$5,094$4,060$3,216$1,850
21 years$7,398$5,914$4,686$3,684$2,878$1,600
22 years$6,988$5,520$4,319$3,350$2,580$1,385
23 years$6,613$5,163$3,988$3,051$2,316$1,201
24 years$6,270$4,837$3,688$2,783$2,081$1,042
25 years$5,956$4,540$3,416$2,541$1,873$904
26 years$5,665$4,267$3,168$2,324$1,687$786
27 years$5,397$4,015$2,942$2,127$1,521$683
28 years$5,148$3,784$2,735$1,949$1,372$594
29 years$4,917$3,569$2,545$1,787$1,239$517
30 years$4,702$3,371$2,370$1,640$1,120$450
31 years$4,501$3,187$2,210$1,506$1,012$392
32 years$4,313$3,015$2,062$1,384$916$341
33 years$4,137$2,855$1,925$1,273$829$297
34 years$3,971$2,706$1,799$1,171$750$259
35 years$3,816$2,567$1,682$1,078$680$226
36 years$3,669$2,436$1,573$993$616$197
37 years$3,530$2,314$1,472$915$558$172
38 years$3,399$2,199$1,379$843$506$150
39 years$3,276$2,091$1,292$778$459$130
40 years$3,158$1,990$1,211$717$416$114
41 years$3,047$1,894$1,135$662$378$99
42 years$2,941$1,804$1,065$611$343$86
43 years$2,840$1,719$999$564$311$75
44 years$2,745$1,638$938$520$282$66
45 years$2,653$1,562$881$481$256$57
46 years$2,566$1,490$827$444$233$50
47 years$2,483$1,422$777$410$211$44
48 years$2,404$1,358$730$379$192$38
49 years$2,328$1,296$687$350$174$33
50 years$2,255$1,238$645$324$158$29

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 $3,870 every year, while hoping to spend $32,240 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: 49/25/26 Blend
56$2,310,000$2,310,000$2,310,000$2,310,000
57$2,549,612$2,427,182$2,391,377$2,655,572
58$2,775,369$2,511,811$2,437,185$2,814,696
59$3,023,073$2,599,506$2,483,447$2,983,957
60$3,294,928$2,690,383$2,530,144$3,167,213
61$3,593,363$2,784,564$2,577,256$3,365,801
62$3,921,052$2,882,174$2,624,760$3,581,194
63$4,280,943$2,983,343$2,672,633$3,815,010
64$4,676,280$3,088,208$2,720,847$4,069,030
65$5,110,640$3,196,910$2,769,375$4,345,215
66$5,587,962$3,309,596$2,818,186$4,645,723
67$6,112,587$3,426,418$2,867,247$4,972,928
68$6,689,294$3,547,536$2,916,524$5,329,444
69$7,323,352$3,673,116$2,965,978$5,718,149
70$8,020,565$3,803,329$3,015,568$6,142,211
71$8,787,325$3,938,354$3,065,252$6,605,119
72$9,630,678$4,078,379$3,114,984$7,110,712
73$10,558,384$4,223,597$3,164,713$7,663,220
74$11,578,996$4,374,210$3,214,388$8,267,298
75$12,701,936$4,530,429$3,263,952$8,928,076
76$13,937,584$4,692,471$3,313,346$9,651,199
77$15,297,381$4,860,565$3,362,506$10,442,889
78$16,793,929$5,034,948$3,411,365$11,309,994
79$18,441,115$5,215,866$3,459,851$12,260,059
80$20,254,243$5,403,577$3,507,890$13,301,393
81$22,250,171$5,598,348$3,555,399$14,443,151
82$24,447,479$5,800,457$3,602,296$15,695,415
83$26,866,637$6,010,195$3,648,488$17,069,290
84$29,530,204$6,227,864$3,693,882$18,577,010
85$32,463,034$6,453,779$3,738,377$20,232,054
86$35,692,516$6,688,267$3,781,865$22,049,267
87$39,248,831$6,931,670$3,824,236$24,045,006
88$43,165,234$7,184,344$3,865,369$26,237,291
89$47,478,369$7,446,659$3,905,141$28,645,971
90$52,228,619$7,719,001$3,943,419$31,292,919
91$57,460,479$8,001,773$3,980,065$34,202,229
92$63,222,981$8,295,393$4,014,931$37,400,450
93$69,570,157$8,600,300$4,047,863$40,916,829
94$76,561,546$8,916,947$4,078,699$44,783,592
95$84,262,756$9,245,810$4,107,268$49,036,247
96$92,746,086$9,587,383$4,133,390$53,713,914
97$102,091,204$9,942,182$4,156,875$58,859,696
98$112,385,901$10,310,744$4,177,526$64,521,088
99$123,726,922$10,693,629$4,195,132$70,750,421
100$136,220,874$11,091,422$4,209,474$77,605,353