Can I retire at age 57 with 2,350,000?

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 $2,350,000?

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$194,061$192,332$190,646$189,000$187,392$186,368
2 years$96,070$94,280$92,546$90,865$89,234$88,200
3 years$63,410$61,613$59,884$58,218$56,614$55,603
4 years$47,084$45,292$43,580$41,943$40,378$39,397
5 years$37,290$35,510$33,820$32,216$30,694$29,747
6 years$30,764$28,996$27,331$25,764$24,287$23,375
7 years$26,103$24,351$22,713$21,182$19,752$18,875
8 years$22,610$20,873$19,262$17,769$16,386$15,544
9 years$19,894$18,174$16,590$15,135$13,800$12,992
10 years$17,723$16,020$14,464$13,047$11,758$10,985
11 years$15,948$14,261$12,734$11,354$10,112$9,373
12 years$14,469$12,800$11,301$9,959$8,763$8,058
13 years$13,219$11,568$10,097$8,793$7,642$6,969
14 years$12,149$10,515$9,072$7,805$6,699$6,058
15 years$11,222$9,605$8,191$6,961$5,898$5,288
16 years$10,411$8,813$7,426$6,233$5,213$4,633
17 years$9,697$8,116$6,757$5,600$4,622$4,072
18 years$9,063$7,500$6,169$5,047$4,110$3,588
19 years$8,496$6,951$5,647$4,560$3,663$3,169
20 years$7,987$6,459$5,183$4,130$3,272$2,804
21 years$7,527$6,016$4,767$3,748$2,928$2,486
22 years$7,109$5,616$4,394$3,408$2,624$2,207
23 years$6,728$5,252$4,057$3,104$2,356$1,962
24 years$6,379$4,921$3,752$2,831$2,117$1,746
25 years$6,059$4,618$3,475$2,585$1,905$1,556
26 years$5,763$4,340$3,223$2,364$1,716$1,388
27 years$5,491$4,085$2,993$2,164$1,547$1,239
28 years$5,238$3,849$2,782$1,982$1,396$1,106
29 years$5,003$3,631$2,589$1,818$1,261$989
30 years$4,784$3,429$2,411$1,668$1,139$884
31 years$4,579$3,242$2,248$1,532$1,030$791
32 years$4,388$3,067$2,098$1,408$932$708
33 years$4,209$2,905$1,958$1,295$843$634
34 years$4,040$2,753$1,830$1,191$763$568
35 years$3,882$2,611$1,711$1,097$691$509
36 years$3,732$2,479$1,600$1,010$626$456
37 years$3,591$2,354$1,498$931$568$409
38 years$3,458$2,237$1,403$858$515$367
39 years$3,332$2,127$1,314$791$467$329
40 years$3,213$2,024$1,232$730$423$295
41 years$3,100$1,927$1,155$673$384$265
42 years$2,992$1,835$1,084$621$349$237
43 years$2,890$1,748$1,017$573$316$213
44 years$2,792$1,666$954$529$287$191
45 years$2,699$1,589$896$489$261$172
46 years$2,611$1,516$842$452$237$154
47 years$2,526$1,447$791$417$215$138
48 years$2,446$1,381$743$386$195$124
49 years$2,368$1,319$698$356$177$112
50 years$2,294$1,260$657$329$161$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,350,000, adding $3,553 every year, while hoping to spend $25,101 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: 59/32/9 Blend
56$2,350,000$2,350,000$2,350,000$2,350,000
57$2,593,365$2,468,815$2,432,390$2,740,845
58$2,831,181$2,563,080$2,487,168$2,934,602
59$3,092,413$2,661,122$2,542,939$3,142,615
60$3,379,423$2,763,101$2,599,711$3,368,804
61$3,694,812$2,869,181$2,657,490$3,614,918
62$4,041,448$2,979,536$2,716,281$3,882,879
63$4,422,489$3,094,346$2,776,090$4,174,802
64$4,841,413$3,213,800$2,836,919$4,493,012
65$5,302,054$3,338,093$2,898,773$4,840,068
66$5,808,636$3,467,431$2,961,654$5,218,784
67$6,365,810$3,602,029$3,025,563$5,632,259
68$6,978,705$3,742,110$3,090,501$6,083,901
69$7,652,967$3,887,908$3,156,467$6,577,461
70$8,394,820$4,039,666$3,223,460$7,117,066
71$9,211,123$4,197,641$3,291,476$7,707,261
72$10,109,428$4,362,096$3,360,512$8,353,047
73$11,098,063$4,533,312$3,430,562$9,059,929
74$12,186,198$4,711,577$3,501,619$9,833,968
75$13,383,942$4,897,196$3,573,674$10,681,836
76$14,702,430$5,090,484$3,646,718$11,610,880
77$16,153,933$5,291,774$3,720,739$12,629,189
78$17,751,974$5,501,410$3,795,723$13,745,668
79$19,511,450$5,719,754$3,871,654$14,970,124
80$21,448,779$5,947,183$3,948,516$16,313,356
81$23,582,051$6,184,091$4,026,288$17,787,258
82$25,931,200$6,430,892$4,104,949$19,404,926
83$28,518,192$6,688,015$4,184,473$21,180,784
84$31,367,230$6,955,910$4,264,836$23,130,717
85$34,504,985$7,235,047$4,346,006$25,272,222
86$37,960,848$7,525,919$4,427,951$27,624,571
87$41,767,204$7,829,039$4,510,637$30,208,988
88$45,959,741$8,144,943$4,594,025$33,048,853
89$50,577,783$8,474,194$4,678,074$36,169,921
90$55,664,665$8,817,378$4,762,737$39,600,558
91$61,268,139$9,175,108$4,847,968$43,372,015
92$67,440,827$9,548,026$4,933,712$47,518,714
93$74,240,714$9,936,801$5,019,914$52,078,577
94$81,731,698$10,342,136$5,106,512$57,093,380
95$89,984,194$10,764,763$5,193,443$62,609,143
96$99,075,793$11,205,448$5,280,635$68,676,568
97$109,092,002$11,664,993$5,368,014$75,351,510
98$120,127,045$12,144,236$5,455,501$82,695,506
99$132,284,753$12,644,053$5,543,010$90,776,352
100$145,679,546$13,165,361$5,630,449$99,668,741