Can I retire at age 57 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$196,538$194,788$193,080$191,412$189,785$185,953
2 years$97,296$95,484$93,728$92,025$90,374$86,530
3 years$64,220$62,400$60,648$58,961$57,337$53,601
4 years$47,685$45,871$44,136$42,478$40,893$37,294
5 years$37,766$35,963$34,252$32,627$31,086$27,634
6 years$31,156$29,367$27,680$26,092$24,597$21,296
7 years$26,437$24,662$23,003$21,452$20,004$16,855
8 years$22,899$21,140$19,508$17,996$16,596$13,596
9 years$20,148$18,406$16,802$15,328$13,976$11,125
10 years$17,949$16,224$14,649$13,213$11,908$9,203
11 years$16,151$14,443$12,896$11,499$10,241$7,679
12 years$14,654$12,964$11,445$10,086$8,875$6,451
13 years$13,388$11,715$10,226$8,905$7,739$5,450
14 years$12,304$10,649$9,188$7,905$6,784$4,625
15 years$11,365$9,728$8,295$7,050$5,973$3,940
16 years$10,544$8,925$7,521$6,312$5,279$3,367
17 years$9,821$8,220$6,844$5,671$4,681$2,885
18 years$9,179$7,595$6,247$5,111$4,162$2,478
19 years$8,605$7,039$5,719$4,618$3,710$2,132
20 years$8,089$6,541$5,249$4,183$3,314$1,837
21 years$7,623$6,093$4,828$3,796$2,965$1,585
22 years$7,199$5,688$4,450$3,452$2,658$1,369
23 years$6,814$5,319$4,108$3,143$2,386$1,184
24 years$6,460$4,984$3,800$2,867$2,145$1,025
25 years$6,136$4,677$3,519$2,618$1,930$888
26 years$5,837$4,396$3,264$2,394$1,738$769
27 years$5,561$4,137$3,031$2,191$1,567$667
28 years$5,305$3,898$2,818$2,008$1,414$579
29 years$5,066$3,678$2,622$1,841$1,277$502
30 years$4,845$3,473$2,442$1,690$1,154$436
31 years$4,638$3,283$2,277$1,552$1,043$379
32 years$4,444$3,107$2,124$1,426$944$329
33 years$4,262$2,942$1,983$1,311$854$286
34 years$4,092$2,788$1,853$1,207$773$249
35 years$3,931$2,645$1,733$1,111$700$216
36 years$3,780$2,510$1,621$1,023$634$188
37 years$3,637$2,384$1,517$943$575$163
38 years$3,502$2,266$1,421$869$521$142
39 years$3,375$2,155$1,331$801$473$124
40 years$3,254$2,050$1,248$739$429$108
41 years$3,139$1,951$1,170$682$389$94
42 years$3,030$1,858$1,097$629$353$81
43 years$2,926$1,771$1,030$581$320$71
44 years$2,828$1,688$967$536$291$62
45 years$2,734$1,609$908$495$264$54
46 years$2,644$1,535$852$457$240$47
47 years$2,559$1,465$801$423$218$41
48 years$2,477$1,399$753$391$198$35
49 years$2,399$1,336$707$361$180$31
50 years$2,324$1,276$665$334$163$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,380,000, adding $5,929 every year, while hoping to spend $51,495 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: 55/40/5 Blend
56$2,380,000$2,380,000$2,380,000$2,380,000
57$2,628,876$2,502,736$2,465,846$2,770,459
58$2,842,231$2,570,580$2,493,661$2,934,391
59$3,075,622$2,640,022$2,520,683$3,106,517
60$3,331,039$2,711,086$2,546,829$3,292,633
61$3,610,672$2,783,797$2,572,015$3,494,071
62$3,916,934$2,858,176$2,596,151$3,712,300
63$4,252,481$2,934,246$2,619,141$3,948,933
64$4,620,237$3,012,028$2,640,886$4,205,747
65$5,023,426$3,091,542$2,661,281$4,484,699
66$5,465,597$3,172,808$2,680,214$4,787,942
67$5,950,656$3,255,844$2,697,570$5,117,846
68$6,482,910$3,340,668$2,713,226$5,477,023
69$7,067,100$3,427,294$2,727,052$5,868,346
70$7,708,451$3,515,737$2,738,915$6,294,980
71$8,412,715$3,606,010$2,748,670$6,760,410
72$9,186,230$3,698,124$2,756,170$7,268,477
73$10,035,981$3,792,087$2,761,256$7,823,406
74$10,969,657$3,887,905$2,763,764$8,429,855
75$11,995,734$3,985,585$2,763,522$9,092,953
76$13,123,546$4,085,126$2,760,348$9,818,350
77$14,363,380$4,186,528$2,754,051$10,612,269
78$15,726,564$4,289,788$2,744,432$11,481,567
79$17,225,585$4,394,899$2,731,281$12,433,797
80$18,874,195$4,501,850$2,714,380$13,477,279
81$20,687,549$4,610,626$2,693,498$14,621,181
82$22,682,343$4,721,211$2,668,394$15,875,602
83$24,876,973$4,833,581$2,638,816$17,251,670
84$27,291,708$4,947,710$2,604,499$18,761,646
85$29,948,880$5,063,566$2,565,168$20,419,037
86$32,873,096$5,181,111$2,520,531$22,238,729
87$36,091,469$5,300,303$2,470,287$24,237,119
88$39,633,874$5,421,092$2,414,116$26,432,280
89$43,533,228$5,543,425$2,351,688$28,844,122
90$47,825,802$5,667,237$2,282,654$31,494,585
91$52,551,562$5,792,461$2,206,652$34,407,845
92$57,754,547$5,919,017$2,123,301$37,610,541
93$63,483,283$6,046,821$2,032,203$41,132,030
94$69,791,239$6,175,776$1,932,943$45,004,659
95$76,737,336$6,305,780$1,825,087$49,264,072
96$84,386,497$6,436,716$1,708,181$53,949,549
97$92,810,265$6,568,460$1,581,749$59,104,374
98$102,087,471$6,700,874$1,445,298$64,776,247
99$112,304,986$6,833,809$1,298,307$71,017,728
100$123,558,531$6,967,102$1,140,237$77,886,739