Can I retire at age 57 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$192,409$190,695$189,023$187,391$185,797$182,719
2 years$95,252$93,478$91,759$90,092$88,475$85,383
3 years$62,871$61,089$59,374$57,723$56,132$53,122
4 years$46,683$44,907$43,209$41,586$40,034$37,129
5 years$36,973$35,208$33,532$31,942$30,433$27,642
6 years$30,502$28,750$27,099$25,544$24,081$21,407
7 years$25,881$24,144$22,519$21,001$19,584$17,028
8 years$22,418$20,696$19,098$17,618$16,247$13,808
9 years$19,725$18,019$16,449$15,006$13,682$11,359
10 years$17,572$15,883$14,341$12,936$11,658$9,449
11 years$15,812$14,140$12,625$11,258$10,026$7,929
12 years$14,346$12,691$11,205$9,875$8,689$6,700
13 years$13,107$11,469$10,011$8,718$7,577$5,694
14 years$12,045$10,425$8,995$7,739$6,642$4,862
15 years$11,126$9,524$8,121$6,902$5,848$4,168
16 years$10,323$8,738$7,363$6,180$5,168$3,584
17 years$9,615$8,047$6,700$5,552$4,583$3,091
18 years$8,986$7,436$6,116$5,004$4,075$2,672
19 years$8,424$6,891$5,599$4,521$3,632$2,314
20 years$7,919$6,404$5,139$4,095$3,244$2,007
21 years$7,463$5,965$4,726$3,716$2,903$1,744
22 years$7,048$5,568$4,356$3,379$2,602$1,517
23 years$6,670$5,208$4,022$3,077$2,336$1,321
24 years$6,325$4,879$3,720$2,807$2,099$1,152
25 years$6,007$4,579$3,445$2,563$1,889$1,005
26 years$5,714$4,303$3,195$2,344$1,702$877
27 years$5,444$4,050$2,967$2,145$1,534$766
28 years$5,193$3,816$2,758$1,966$1,384$670
29 years$4,960$3,600$2,567$1,802$1,250$585
30 years$4,743$3,400$2,391$1,654$1,130$512
31 years$4,540$3,214$2,229$1,519$1,021$448
32 years$4,350$3,041$2,080$1,396$924$392
33 years$4,173$2,880$1,942$1,284$836$343
34 years$4,006$2,730$1,814$1,181$757$301
35 years$3,849$2,589$1,696$1,087$686$263
36 years$3,701$2,457$1,587$1,002$621$231
37 years$3,561$2,334$1,485$923$563$202
38 years$3,429$2,218$1,391$851$510$177
39 years$3,304$2,109$1,303$784$463$155
40 years$3,185$2,007$1,221$723$420$136
41 years$3,073$1,910$1,145$667$381$119
42 years$2,966$1,819$1,074$616$346$105
43 years$2,865$1,733$1,008$569$314$92
44 years$2,768$1,652$946$525$285$80
45 years$2,676$1,576$889$485$258$71
46 years$2,589$1,503$835$448$235$62
47 years$2,505$1,434$784$414$213$54
48 years$2,425$1,369$737$382$194$48
49 years$2,348$1,308$692$353$176$42
50 years$2,275$1,249$651$327$160$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,330,000, adding $2,591 every year, while hoping to spend $30,901 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: 73/18/9 Blend
56$2,330,000$2,330,000$2,330,000$2,330,000
57$2,570,333$2,446,843$2,410,728$2,753,746
58$2,799,628$2,533,859$2,458,609$2,962,157
59$3,051,276$2,624,104$2,507,058$3,186,234
60$3,327,524$2,717,703$2,556,062$3,430,787
61$3,630,847$2,814,786$2,605,606$3,697,833
62$3,963,972$2,915,490$2,655,672$3,989,589
63$4,329,904$3,019,955$2,706,244$4,308,497
64$4,731,951$3,128,330$2,757,300$4,657,245
65$5,173,760$3,240,768$2,808,820$5,038,793
66$5,659,347$3,357,429$2,860,778$5,456,399
67$6,193,136$3,478,478$2,913,150$5,913,653
68$6,780,002$3,604,090$2,965,906$6,414,507
69$7,425,316$3,734,445$3,019,019$6,963,312
70$8,134,996$3,869,730$3,072,453$7,564,862
71$8,915,560$4,010,142$3,126,175$8,224,434
72$9,774,192$4,155,883$3,180,147$8,947,842
73$10,718,806$4,307,168$3,234,328$9,741,489
74$11,758,121$4,464,216$3,288,675$10,612,427
75$12,901,745$4,627,258$3,343,141$11,568,426
76$14,160,264$4,796,535$3,397,677$12,618,041
77$15,545,342$4,972,296$3,452,231$13,770,699
78$17,069,831$5,154,803$3,506,745$15,036,782
79$18,747,892$5,344,327$3,561,159$16,427,728
80$20,595,129$5,541,151$3,615,410$17,956,139
81$22,628,736$5,745,570$3,669,429$19,635,893
82$24,867,656$5,957,893$3,723,144$21,482,285
83$27,332,766$6,178,439$3,776,479$23,512,160
84$30,047,069$6,407,543$3,829,351$25,744,079
85$33,035,911$6,645,553$3,881,675$28,198,491
86$36,327,222$6,892,833$3,933,360$30,897,924
87$39,951,778$7,149,762$3,984,307$33,867,200
88$43,943,494$7,416,734$4,034,416$37,133,666
89$48,339,739$7,694,163$4,083,577$40,727,452
90$53,181,691$7,982,476$4,131,676$44,681,757
91$58,514,729$8,282,123$4,178,593$49,033,157
92$64,388,855$8,593,570$4,224,199$53,821,954
93$70,859,168$8,917,305$4,268,360$59,092,555
94$77,986,388$9,253,837$4,310,934$64,893,886
95$85,837,420$9,603,696$4,351,771$71,279,859
96$94,485,995$9,967,435$4,390,713$78,309,877
97$104,013,359$10,345,632$4,427,595$86,049,392
98$114,509,042$10,738,889$4,462,240$94,570,526
99$126,071,705$11,147,835$4,494,465$103,952,749
100$138,810,065$11,573,125$4,524,076$114,283,627