Can I retire at age 57 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$191,583$189,877$188,212$186,587$185,000$183,680
2 years$94,843$93,077$91,365$89,705$88,095$86,764
3 years$62,601$60,827$59,119$57,475$55,891$54,591
4 years$46,483$44,714$43,024$41,408$39,862$38,602
5 years$36,814$35,056$33,388$31,805$30,303$29,086
6 years$30,371$28,626$26,983$25,435$23,977$22,806
7 years$25,770$24,040$22,423$20,911$19,500$18,375
8 years$22,321$20,607$19,016$17,542$16,177$15,098
9 years$19,640$17,942$16,379$14,942$13,624$12,590
10 years$17,497$15,815$14,279$12,880$11,608$10,620
11 years$15,744$14,079$12,571$11,209$9,983$9,039
12 years$14,284$12,637$11,157$9,832$8,651$7,751
13 years$13,050$11,420$9,968$8,680$7,544$6,687
14 years$11,994$10,380$8,956$7,705$6,613$5,797
15 years$11,078$9,483$8,086$6,872$5,823$5,047
16 years$10,278$8,700$7,331$6,153$5,146$4,410
17 years$9,573$8,013$6,671$5,528$4,563$3,865
18 years$8,947$7,404$6,090$4,982$4,057$3,396
19 years$8,388$6,862$5,575$4,502$3,616$2,991
20 years$7,885$6,376$5,116$4,077$3,230$2,639
21 years$7,431$5,939$4,706$3,700$2,891$2,333
22 years$7,018$5,544$4,337$3,365$2,591$2,065
23 years$6,642$5,185$4,005$3,064$2,326$1,830
24 years$6,298$4,858$3,704$2,795$2,090$1,624
25 years$5,981$4,559$3,430$2,552$1,881$1,443
26 years$5,690$4,285$3,182$2,334$1,694$1,282
27 years$5,420$4,033$2,954$2,136$1,528$1,141
28 years$5,171$3,800$2,746$1,957$1,378$1,016
29 years$4,939$3,585$2,556$1,795$1,245$905
30 years$4,723$3,386$2,381$1,647$1,125$807
31 years$4,521$3,200$2,219$1,513$1,017$719
32 years$4,332$3,028$2,071$1,390$920$642
33 years$4,155$2,868$1,933$1,278$832$573
34 years$3,989$2,718$1,807$1,176$754$511
35 years$3,832$2,578$1,689$1,083$683$457
36 years$3,685$2,447$1,580$997$618$408
37 years$3,546$2,324$1,479$919$561$364
38 years$3,414$2,209$1,385$847$508$326
39 years$3,290$2,100$1,297$781$461$291
40 years$3,172$1,998$1,216$720$418$260
41 years$3,060$1,902$1,140$665$379$233
42 years$2,954$1,811$1,070$613$344$208
43 years$2,853$1,726$1,004$566$312$186
44 years$2,756$1,645$942$523$283$166
45 years$2,665$1,569$885$483$257$149
46 years$2,577$1,497$831$446$234$133
47 years$2,494$1,428$781$412$212$119
48 years$2,414$1,363$734$381$193$107
49 years$2,338$1,302$690$352$175$95
50 years$2,265$1,244$648$325$159$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,320,000, adding $4,915 every year, while hoping to spend $27,513 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: 47/36/17 Blend
56$2,320,000$2,320,000$2,320,000$2,320,000
57$2,561,710$2,438,750$2,402,790$2,669,578
58$2,793,731$2,528,975$2,454,010$2,835,271
59$3,048,495$2,622,699$2,506,023$3,011,822
60$3,328,295$2,720,064$2,558,828$3,202,856
61$3,635,653$2,821,219$2,612,421$3,409,735
62$3,973,350$2,926,319$2,666,797$3,633,957
63$4,344,447$3,035,525$2,721,951$3,877,168
64$4,752,320$3,149,005$2,777,875$4,141,179
65$5,200,685$3,266,934$2,834,562$4,427,979
66$5,693,638$3,389,497$2,892,003$4,739,757
67$6,235,690$3,516,883$2,950,186$5,078,920
68$6,831,813$3,649,293$3,009,100$5,448,117
69$7,487,482$3,786,933$3,068,729$5,850,259
70$8,208,733$3,930,020$3,129,059$6,288,551
71$9,002,213$4,078,781$3,190,072$6,766,519
72$9,875,249$4,233,451$3,251,749$7,288,044
73$10,835,910$4,394,276$3,314,069$7,857,393
74$11,893,091$4,561,513$3,377,008$8,479,268
75$13,056,589$4,735,430$3,440,541$9,158,839
76$14,337,202$4,916,307$3,504,640$9,901,799
77$15,746,826$5,104,436$3,569,275$10,714,415
78$17,298,570$5,300,120$3,634,413$11,603,587
79$19,006,876$5,503,679$3,700,018$12,576,907
80$20,887,662$5,715,443$3,766,053$13,642,740
81$22,958,463$5,935,759$3,832,475$14,810,291
82$25,238,604$6,164,989$3,899,241$16,089,698
83$27,749,378$6,403,510$3,966,302$17,492,124
84$30,514,249$6,651,717$4,033,607$19,029,862
85$33,559,071$6,910,020$4,101,102$20,716,449
86$36,912,335$7,178,849$4,168,728$22,566,792
87$40,605,434$7,458,654$4,236,421$24,597,312
88$44,672,963$7,749,903$4,304,116$26,826,090
89$49,153,041$8,053,084$4,371,740$29,273,043
90$54,087,676$8,368,710$4,439,218$31,960,108
91$59,523,156$8,697,314$4,506,468$34,911,447
92$65,510,489$9,039,453$4,573,406$38,153,675
93$72,105,882$9,395,710$4,639,939$41,716,108
94$79,371,276$9,766,693$4,705,970$45,631,041
95$87,374,923$10,153,038$4,771,398$49,934,045
96$96,192,038$10,555,409$4,836,112$54,664,310
97$105,905,501$10,974,500$4,899,997$59,865,005
98$116,606,647$11,411,036$4,962,932$65,583,687
99$128,396,122$11,865,773$5,024,787$71,872,749
100$141,384,834$12,339,503$5,085,425$78,789,911