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%
1 years$194,061$192,332$190,646$189,000$187,392$186,603
2 years$96,070$94,280$92,546$90,865$89,234$88,437
3 years$63,410$61,613$59,884$58,218$56,614$55,834
4 years$47,084$45,292$43,580$41,943$40,378$39,621
5 years$37,290$35,510$33,820$32,216$30,694$29,963
6 years$30,764$28,996$27,331$25,764$24,287$23,582
7 years$26,103$24,351$22,713$21,182$19,752$19,074
8 years$22,610$20,873$19,262$17,769$16,386$15,735
9 years$19,894$18,174$16,590$15,135$13,800$13,174
10 years$17,723$16,020$14,464$13,047$11,758$11,159
11 years$15,948$14,261$12,734$11,354$10,112$9,539
12 years$14,469$12,800$11,301$9,959$8,763$8,216
13 years$13,219$11,568$10,097$8,793$7,642$7,119
14 years$12,149$10,515$9,072$7,805$6,699$6,200
15 years$11,222$9,605$8,191$6,961$5,898$5,424
16 years$10,411$8,813$7,426$6,233$5,213$4,761
17 years$9,697$8,116$6,757$5,600$4,622$4,193
18 years$9,063$7,500$6,169$5,047$4,110$3,703
19 years$8,496$6,951$5,647$4,560$3,663$3,277
20 years$7,987$6,459$5,183$4,130$3,272$2,906
21 years$7,527$6,016$4,767$3,748$2,928$2,582
22 years$7,109$5,616$4,394$3,408$2,624$2,298
23 years$6,728$5,252$4,057$3,104$2,356$2,047
24 years$6,379$4,921$3,752$2,831$2,117$1,826
25 years$6,059$4,618$3,475$2,585$1,905$1,631
26 years$5,763$4,340$3,223$2,364$1,716$1,458
27 years$5,491$4,085$2,993$2,164$1,547$1,304
28 years$5,238$3,849$2,782$1,982$1,396$1,168
29 years$5,003$3,631$2,589$1,818$1,261$1,046
30 years$4,784$3,429$2,411$1,668$1,139$938
31 years$4,579$3,242$2,248$1,532$1,030$841
32 years$4,388$3,067$2,098$1,408$932$754
33 years$4,209$2,905$1,958$1,295$843$677
34 years$4,040$2,753$1,830$1,191$763$608
35 years$3,882$2,611$1,711$1,097$691$546
36 years$3,732$2,479$1,600$1,010$626$491
37 years$3,591$2,354$1,498$931$568$441
38 years$3,458$2,237$1,403$858$515$397
39 years$3,332$2,127$1,314$791$467$357
40 years$3,213$2,024$1,232$730$423$321
41 years$3,100$1,927$1,155$673$384$288
42 years$2,992$1,835$1,084$621$349$260
43 years$2,890$1,748$1,017$573$316$234
44 years$2,792$1,666$954$529$287$210
45 years$2,699$1,589$896$489$261$189
46 years$2,611$1,516$842$452$237$170
47 years$2,526$1,447$791$417$215$153
48 years$2,446$1,381$743$386$195$138
49 years$2,368$1,319$698$356$177$124
50 years$2,294$1,260$657$329$161$112

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 $3,216 every year, while hoping to spend $20,730 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: 46/28/26 Blend
56$2,350,000$2,350,000$2,350,000$2,350,000
57$2,593,017$2,468,467$2,432,042$2,692,775
58$2,835,449$2,567,366$2,491,459$2,862,442
59$3,101,913$2,670,415$2,552,172$3,044,148
60$3,394,840$2,777,798$2,614,201$3,240,897
61$3,716,906$2,889,702$2,677,570$3,454,106
62$4,071,061$3,006,328$2,742,299$3,685,336
63$4,460,553$3,127,882$2,808,409$3,936,299
64$4,888,962$3,254,580$2,875,924$4,208,880
65$5,360,231$3,386,650$2,944,862$4,505,150
66$5,878,707$3,524,328$3,015,248$4,827,388
67$6,449,177$3,667,862$3,087,100$5,178,098
68$7,076,917$3,817,511$3,160,441$5,560,038
69$7,767,738$3,973,545$3,235,292$5,976,238
70$8,528,046$4,136,247$3,311,673$6,430,034
71$9,364,897$4,305,914$3,389,604$6,925,096
72$10,286,067$4,482,854$3,469,107$7,465,462
73$11,300,124$4,667,392$3,550,200$8,055,576
74$12,416,509$4,859,866$3,632,904$8,700,327
75$13,645,624$5,060,631$3,717,237$9,405,098
76$14,998,931$5,270,055$3,803,218$10,175,815
77$16,489,061$5,488,527$3,890,865$11,018,997
78$18,129,932$5,716,452$3,980,196$11,941,824
79$19,936,880$5,954,253$4,071,228$12,952,200
80$21,926,805$6,202,374$4,163,976$14,058,825
81$24,118,327$6,461,278$4,258,457$15,271,280
82$26,531,966$6,731,451$4,354,685$16,600,113
83$29,190,334$7,013,399$4,452,675$18,056,939
84$32,118,346$7,307,654$4,552,438$19,654,548
85$35,343,460$7,614,772$4,653,987$21,407,025
86$38,895,931$7,935,333$4,757,334$23,329,880
87$42,809,098$8,269,946$4,862,486$25,440,195
88$47,119,699$8,619,248$4,969,453$27,756,784
89$51,868,221$8,983,903$5,078,242$30,300,366
90$57,099,275$9,364,609$5,188,858$33,093,762
91$62,862,021$9,762,096$5,301,305$36,162,109
92$69,210,634$10,177,126$5,415,586$39,533,093
93$76,204,812$10,610,498$5,531,701$43,237,211
94$83,910,339$11,063,048$5,649,649$47,308,056
95$92,399,707$11,535,651$5,769,426$51,782,632
96$101,752,802$12,029,222$5,891,027$56,701,702
97$112,057,655$12,544,721$6,014,443$62,110,170
98$123,411,273$13,083,151$6,139,665$68,057,504
99$135,920,559$13,645,561$6,266,680$74,598,199
100$149,703,314$14,233,052$6,395,472$81,792,291