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%14.1%
1 years$194,061$192,332$190,646$189,000$187,392$184,212
2 years$96,070$94,280$92,546$90,865$89,234$86,040
3 years$63,410$61,613$59,884$58,218$56,614$53,505
4 years$47,084$45,292$43,580$41,943$40,378$37,378
5 years$37,290$35,510$33,820$32,216$30,694$27,813
6 years$30,764$28,996$27,331$25,764$24,287$21,527
7 years$26,103$24,351$22,713$21,182$19,752$17,114
8 years$22,610$20,873$19,262$17,769$16,386$13,870
9 years$19,894$18,174$16,590$15,135$13,800$11,404
10 years$17,723$16,020$14,464$13,047$11,758$9,480
11 years$15,948$14,261$12,734$11,354$10,112$7,950
12 years$14,469$12,800$11,301$9,959$8,763$6,714
13 years$13,219$11,568$10,097$8,793$7,642$5,702
14 years$12,149$10,515$9,072$7,805$6,699$4,865
15 years$11,222$9,605$8,191$6,961$5,898$4,168
16 years$10,411$8,813$7,426$6,233$5,213$3,582
17 years$9,697$8,116$6,757$5,600$4,622$3,086
18 years$9,063$7,500$6,169$5,047$4,110$2,666
19 years$8,496$6,951$5,647$4,560$3,663$2,307
20 years$7,987$6,459$5,183$4,130$3,272$2,000
21 years$7,527$6,016$4,767$3,748$2,928$1,736
22 years$7,109$5,616$4,394$3,408$2,624$1,509
23 years$6,728$5,252$4,057$3,104$2,356$1,313
24 years$6,379$4,921$3,752$2,831$2,117$1,144
25 years$6,059$4,618$3,475$2,585$1,905$997
26 years$5,763$4,340$3,223$2,364$1,716$870
27 years$5,491$4,085$2,993$2,164$1,547$759
28 years$5,238$3,849$2,782$1,982$1,396$663
29 years$5,003$3,631$2,589$1,818$1,261$579
30 years$4,784$3,429$2,411$1,668$1,139$506
31 years$4,579$3,242$2,248$1,532$1,030$443
32 years$4,388$3,067$2,098$1,408$932$387
33 years$4,209$2,905$1,958$1,295$843$339
34 years$4,040$2,753$1,830$1,191$763$296
35 years$3,882$2,611$1,711$1,097$691$259
36 years$3,732$2,479$1,600$1,010$626$227
37 years$3,591$2,354$1,498$931$568$199
38 years$3,458$2,237$1,403$858$515$174
39 years$3,332$2,127$1,314$791$467$152
40 years$3,213$2,024$1,232$730$423$133
41 years$3,100$1,927$1,155$673$384$117
42 years$2,992$1,835$1,084$621$349$102
43 years$2,890$1,748$1,017$573$316$90
44 years$2,792$1,666$954$529$287$79
45 years$2,699$1,589$896$489$261$69
46 years$2,611$1,516$842$452$237$60
47 years$2,526$1,447$791$417$215$53
48 years$2,446$1,381$743$386$195$46
49 years$2,368$1,319$698$356$177$41
50 years$2,294$1,260$657$329$161$36

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 $6,937 every year, while hoping to spend $46,178 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: 30/47/23 Blend
56$2,350,000$2,350,000$2,350,000$2,350,000
57$2,596,856$2,472,306$2,435,881$2,656,023
58$2,812,602$2,544,315$2,468,349$2,774,023
59$3,048,806$2,618,306$2,500,358$2,896,295
60$3,307,507$2,694,326$2,531,843$3,026,884
61$3,590,949$2,772,424$2,562,736$3,166,539
62$3,901,604$2,852,650$2,592,965$3,316,085
63$4,242,193$2,935,056$2,622,455$3,476,429
64$4,615,714$3,019,691$2,651,125$3,648,569
65$5,025,471$3,106,610$2,678,892$3,833,603
66$5,475,100$3,195,865$2,705,666$4,032,738
67$5,968,608$3,287,510$2,731,353$4,247,303
68$6,510,407$3,381,599$2,755,855$4,478,760
69$7,105,359$3,478,188$2,779,067$4,728,720
70$7,758,820$3,577,334$2,800,879$4,998,954
71$8,476,688$3,679,091$2,821,177$5,291,414
72$9,265,463$3,783,519$2,839,839$5,608,246
73$10,132,303$3,890,675$2,856,737$5,951,818
74$11,085,096$4,000,616$2,871,736$6,324,732
75$12,132,533$4,113,403$2,884,695$6,729,859
76$13,284,185$4,229,094$2,895,467$7,170,355
77$14,550,602$4,347,749$2,903,895$7,649,702
78$15,943,402$4,469,428$2,909,815$8,171,732
79$17,475,391$4,594,192$2,913,055$8,740,667
80$19,160,674$4,722,101$2,913,436$9,361,157
81$21,014,794$4,853,215$2,910,767$10,038,325
82$23,054,876$4,987,595$2,904,850$10,777,817
83$25,299,788$5,125,302$2,895,478$11,585,851
84$27,770,321$5,266,396$2,882,430$12,469,277
85$30,489,381$5,410,937$2,865,479$13,435,645
86$33,482,210$5,558,985$2,844,385$14,493,271
87$36,776,619$5,710,599$2,818,896$15,651,320
88$40,403,254$5,865,838$2,788,748$16,919,890
89$44,395,881$6,024,759$2,753,666$18,310,107
90$48,791,708$6,187,419$2,713,361$19,834,231
91$53,631,734$6,353,874$2,667,531$21,505,773
92$58,961,135$6,524,179$2,615,858$23,339,620
93$64,829,693$6,698,386$2,558,011$25,352,177
94$71,292,262$6,876,546$2,493,644$27,561,521
95$78,409,285$7,058,710$2,422,394$29,987,575
96$86,247,369$7,244,924$2,343,881$32,652,290
97$94,879,909$7,435,233$2,257,709$35,579,861
98$104,387,779$7,629,679$2,163,462$38,796,945
99$114,860,101$7,828,301$2,060,706$42,332,925
100$126,395,080$8,031,137$1,948,989$46,220,176