Can I retire at age 57 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$194,887$193,151$191,457$189,804$188,190$185,838
2 years$96,479$94,682$92,940$91,252$89,614$87,248
3 years$63,680$61,876$60,139$58,466$56,855$54,548
4 years$47,284$45,485$43,765$42,121$40,549$38,319
5 years$37,449$35,661$33,964$32,353$30,825$28,678
6 years$30,895$29,120$27,448$25,873$24,391$22,329
7 years$26,215$24,455$22,809$21,272$19,836$17,861
8 years$22,706$20,962$19,344$17,844$16,456$14,567
9 years$19,979$18,251$16,661$15,199$13,858$12,055
10 years$17,798$16,088$14,525$13,102$11,808$10,089
11 years$16,015$14,322$12,788$11,403$10,155$8,519
12 years$14,531$12,855$11,349$10,002$8,800$7,245
13 years$13,275$11,617$10,140$8,830$7,674$6,198
14 years$12,200$10,559$9,110$7,838$6,727$5,328
15 years$11,269$9,646$8,226$6,990$5,923$4,598
16 years$10,456$8,850$7,458$6,259$5,235$3,982
17 years$9,738$8,151$6,786$5,624$4,642$3,458
18 years$9,102$7,532$6,195$5,068$4,127$3,011
19 years$8,532$6,980$5,671$4,580$3,679$2,627
20 years$8,021$6,486$5,205$4,148$3,286$2,296
21 years$7,559$6,042$4,787$3,764$2,940$2,010
22 years$7,139$5,640$4,412$3,423$2,636$1,762
23 years$6,756$5,275$4,074$3,117$2,366$1,546
24 years$6,406$4,942$3,768$2,843$2,127$1,358
25 years$6,084$4,638$3,490$2,596$1,914$1,194
26 years$5,788$4,359$3,236$2,374$1,724$1,051
27 years$5,514$4,102$3,005$2,173$1,554$925
28 years$5,260$3,866$2,794$1,991$1,402$815
29 years$5,024$3,647$2,600$1,826$1,266$719
30 years$4,804$3,444$2,422$1,675$1,144$634
31 years$4,599$3,256$2,258$1,539$1,034$559
32 years$4,407$3,080$2,106$1,414$936$494
33 years$4,226$2,917$1,967$1,300$847$436
34 years$4,057$2,765$1,838$1,197$767$385
35 years$3,898$2,622$1,718$1,101$694$340
36 years$3,748$2,489$1,607$1,014$629$300
37 years$3,607$2,364$1,504$935$570$265
38 years$3,473$2,247$1,409$862$517$235
39 years$3,346$2,136$1,320$794$469$207
40 years$3,226$2,033$1,237$733$425$183
41 years$3,113$1,935$1,160$676$386$162
42 years$3,005$1,843$1,088$624$350$143
43 years$2,902$1,756$1,021$576$318$127
44 years$2,804$1,674$958$532$288$112
45 years$2,711$1,596$900$491$262$99
46 years$2,622$1,522$845$454$238$88
47 years$2,537$1,453$794$419$216$78
48 years$2,456$1,387$746$387$196$69
49 years$2,378$1,324$701$358$178$61
50 years$2,304$1,265$659$331$162$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,360,000, adding $3,588 every year, while hoping to spend $32,083 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: 51/20/29 Blend
56$2,360,000$2,360,000$2,360,000$2,360,000
57$2,604,421$2,479,341$2,442,761$2,715,770
58$2,835,936$2,566,693$2,490,457$2,881,214
59$3,089,990$2,657,249$2,538,676$3,057,525
60$3,368,848$2,751,134$2,587,402$3,248,629
61$3,675,006$2,848,475$2,636,615$3,455,950
62$4,011,212$2,949,405$2,686,297$3,681,055
63$4,380,494$3,054,064$2,736,426$3,925,667
64$4,786,187$3,162,596$2,786,978$4,191,686
65$5,231,965$3,275,150$2,837,929$4,481,199
66$5,721,876$3,391,883$2,889,251$4,796,507
67$6,260,381$3,512,959$2,940,914$5,140,142
68$6,852,391$3,638,545$2,992,886$5,514,890
69$7,503,320$3,768,819$3,045,133$5,923,821
70$8,219,131$3,903,964$3,097,617$6,370,313
71$9,006,395$4,044,171$3,150,300$6,858,088
72$9,872,351$4,189,639$3,203,139$7,391,243
73$10,824,974$4,340,574$3,256,087$7,974,291
74$11,873,053$4,497,194$3,309,097$8,612,202
75$13,026,270$4,659,721$3,362,117$9,310,448
76$14,295,292$4,828,391$3,415,091$10,075,058
77$15,691,876$5,003,446$3,467,961$10,912,673
78$17,228,973$5,185,141$3,520,663$11,830,606
79$18,920,855$5,373,739$3,573,132$12,836,914
80$20,783,246$5,569,516$3,625,296$13,940,471
81$22,833,473$5,772,758$3,677,079$15,151,053
82$25,090,630$5,983,766$3,728,404$16,479,428
83$27,575,752$6,202,849$3,779,184$17,937,462
84$30,312,023$6,430,332$3,829,330$19,538,223
85$33,324,984$6,666,553$3,878,748$21,296,111
86$36,642,784$6,911,866$3,927,337$23,226,988
87$40,296,436$7,166,636$3,974,991$25,348,330
88$44,320,118$7,431,246$4,021,599$27,679,393
89$48,751,489$7,706,096$4,067,041$30,241,391
90$53,632,047$7,991,601$4,111,194$33,057,695
91$59,007,522$8,288,195$4,153,924$36,154,059
92$64,928,302$8,596,330$4,195,094$39,558,856
93$71,449,916$8,916,477$4,234,556$43,303,349
94$78,633,550$9,249,127$4,272,157$47,421,982
95$86,546,631$9,594,793$4,307,733$51,952,710
96$95,263,458$9,954,009$4,341,113$56,937,352
97$104,865,908$10,327,333$4,372,117$62,421,986
98$115,444,203$10,715,345$4,400,556$68,457,386
99$127,097,767$11,118,651$4,426,229$75,099,496
100$139,936,159$11,537,885$4,448,928$82,409,962