Can I retire at age 57 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$197,364$195,606$193,891$192,217$190,582$188,827
2 years$97,705$95,885$94,122$92,412$90,753$88,986
3 years$64,490$62,662$60,903$59,209$57,578$55,852
4 years$47,885$46,063$44,322$42,657$41,065$39,394
5 years$37,925$36,114$34,396$32,765$31,217$29,605
6 years$31,287$29,490$27,797$26,202$24,701$23,151
7 years$26,548$24,766$23,099$21,542$20,088$18,601
8 years$22,995$21,229$19,590$18,071$16,665$15,241
9 years$20,233$18,483$16,873$15,393$14,035$12,672
10 years$18,025$16,292$14,710$13,269$11,958$10,657
11 years$16,219$14,504$12,951$11,548$10,284$9,043
12 years$14,715$13,018$11,493$10,129$8,912$7,730
13 years$13,444$11,764$10,268$8,942$7,772$6,647
14 years$12,355$10,694$9,226$7,938$6,813$5,744
15 years$11,413$9,769$8,330$7,079$5,998$4,984
16 years$10,589$8,963$7,552$6,339$5,301$4,340
17 years$9,862$8,254$6,872$5,695$4,701$3,791
18 years$9,217$7,627$6,274$5,133$4,180$3,319
19 years$8,641$7,069$5,743$4,638$3,725$2,912
20 years$8,123$6,569$5,271$4,200$3,327$2,561
21 years$7,655$6,119$4,848$3,812$2,978$2,255
22 years$7,230$5,711$4,468$3,466$2,669$1,989
23 years$6,842$5,342$4,126$3,157$2,396$1,756
24 years$6,488$5,005$3,816$2,879$2,154$1,552
25 years$6,162$4,697$3,534$2,629$1,938$1,373
26 years$5,862$4,414$3,278$2,404$1,746$1,216
27 years$5,584$4,154$3,044$2,201$1,574$1,078
28 years$5,327$3,915$2,829$2,016$1,420$956
29 years$5,088$3,693$2,633$1,849$1,282$848
30 years$4,865$3,488$2,453$1,697$1,159$753
31 years$4,657$3,297$2,286$1,558$1,047$668
32 years$4,463$3,120$2,133$1,432$948$594
33 years$4,280$2,954$1,992$1,317$858$528
34 years$4,109$2,800$1,861$1,212$776$469
35 years$3,948$2,656$1,740$1,115$703$417
36 years$3,796$2,521$1,628$1,027$637$371
37 years$3,653$2,394$1,523$947$577$330
38 years$3,517$2,275$1,427$872$524$294
39 years$3,389$2,164$1,337$804$475$262
40 years$3,268$2,058$1,253$742$431$233
41 years$3,152$1,959$1,175$685$391$207
42 years$3,043$1,866$1,102$632$354$185
43 years$2,939$1,778$1,034$583$322$164
44 years$2,840$1,695$971$538$292$146
45 years$2,745$1,616$911$497$265$130
46 years$2,655$1,542$856$459$241$116
47 years$2,569$1,471$804$424$219$103
48 years$2,487$1,405$756$392$198$92
49 years$2,409$1,341$710$362$180$82
50 years$2,333$1,281$668$335$164$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,390,000, adding $5,052 every year, while hoping to spend $35,470 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: 76/5/19 Blend
56$2,390,000$2,390,000$2,390,000$2,390,000
57$2,638,991$2,512,321$2,475,276$2,827,587
58$2,870,428$2,597,685$2,520,458$3,038,478
59$3,124,284$2,686,043$2,565,965$3,264,759
60$3,402,806$2,777,504$2,611,770$3,511,925
61$3,708,472$2,872,182$2,657,844$3,782,049
62$4,044,012$2,970,195$2,704,158$4,077,418
63$4,412,431$3,071,664$2,750,677$4,400,549
64$4,817,040$3,176,717$2,797,366$4,754,216
65$5,261,488$3,285,486$2,844,187$5,141,472
66$5,749,792$3,398,107$2,891,100$5,565,683
67$6,286,380$3,514,723$2,938,061$6,030,556
68$6,876,128$3,635,482$2,985,023$6,540,173
69$7,524,409$3,760,537$3,031,938$7,099,033
70$8,237,143$3,890,047$3,078,752$7,712,091
71$9,020,851$4,024,179$3,125,409$8,384,808
72$9,882,718$4,163,104$3,171,851$9,123,199
73$10,830,660$4,307,001$3,218,013$9,933,890
74$11,873,400$4,456,056$3,263,828$10,824,183
75$13,020,546$4,610,462$3,309,226$11,802,123
76$14,282,687$4,770,420$3,354,130$12,876,572
77$15,671,488$4,936,139$3,398,461$14,057,298
78$17,199,805$5,107,834$3,442,134$15,355,060
79$18,881,799$5,285,732$3,485,060$16,781,714
80$20,733,077$5,470,067$3,527,144$18,350,325
81$22,770,833$5,661,083$3,568,285$20,075,287
82$25,014,013$5,859,032$3,608,379$21,972,461
83$27,483,496$6,064,178$3,647,313$24,059,323
84$30,202,285$6,276,794$3,684,970$26,355,133
85$33,195,728$6,497,167$3,721,226$28,881,108
86$36,491,755$6,725,591$3,755,950$31,660,634
87$40,121,144$6,962,375$3,789,004$34,719,474
88$44,117,809$7,207,839$3,820,244$38,086,022
89$48,519,119$7,462,317$3,849,515$41,791,563
90$53,366,253$7,726,155$3,876,658$45,870,571
91$58,704,588$7,999,713$3,901,504$50,361,037
92$64,584,124$8,283,368$3,923,873$55,304,823
93$71,059,962$8,577,509$3,943,579$60,748,058
94$78,192,814$8,882,544$3,960,425$66,741,575
95$86,049,587$9,198,894$3,974,205$73,341,391
96$94,704,005$9,527,000$3,984,701$80,609,233
97$104,237,311$9,867,321$3,991,686$88,613,123
98$114,739,029$10,220,332$3,994,920$97,428,016
99$126,307,812$10,586,530$3,994,152$107,136,515
100$139,052,371$10,966,433$3,989,119$117,829,641