Can I retire at age 57 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$199,016$197,243$195,513$193,825$192,177$184,771
2 years$98,523$96,688$94,909$93,185$91,513$84,140
3 years$65,029$63,186$61,413$59,705$58,059$50,951
4 years$48,286$46,449$44,693$43,014$41,408$34,619
5 years$38,243$36,416$34,683$33,039$31,478$25,026
6 years$31,549$29,737$28,029$26,421$24,908$18,796
7 years$26,770$24,973$23,292$21,722$20,256$14,484
8 years$23,187$21,406$19,754$18,222$16,805$11,365
9 years$20,402$18,638$17,014$15,521$14,152$9,038
10 years$18,175$16,429$14,833$13,380$12,058$7,260
11 years$16,355$14,625$13,059$11,644$10,370$5,877
12 years$14,839$13,127$11,589$10,214$8,987$4,787
13 years$13,557$11,863$10,354$9,017$7,837$3,917
14 years$12,459$10,783$9,303$8,004$6,870$3,218
15 years$11,508$9,851$8,400$7,138$6,049$2,652
16 years$10,677$9,038$7,616$6,392$5,346$2,191
17 years$9,945$8,323$6,930$5,743$4,740$1,814
18 years$9,294$7,691$6,326$5,176$4,214$1,505
19 years$8,713$7,128$5,791$4,677$3,756$1,249
20 years$8,191$6,624$5,315$4,236$3,355$1,039
21 years$7,719$6,170$4,889$3,844$3,003$865
22 years$7,290$5,759$4,506$3,495$2,691$720
23 years$6,899$5,387$4,160$3,183$2,416$600
24 years$6,542$5,047$3,848$2,903$2,172$500
25 years$6,213$4,736$3,564$2,651$1,954$417
26 years$5,911$4,451$3,305$2,424$1,760$348
27 years$5,631$4,189$3,069$2,219$1,587$291
28 years$5,371$3,947$2,853$2,033$1,432$243
29 years$5,130$3,724$2,655$1,864$1,293$203
30 years$4,906$3,517$2,473$1,711$1,168$169
31 years$4,696$3,325$2,306$1,571$1,056$142
32 years$4,500$3,146$2,151$1,444$955$118
33 years$4,316$2,979$2,008$1,328$865$99
34 years$4,143$2,823$1,877$1,222$783$83
35 years$3,981$2,678$1,755$1,125$709$69
36 years$3,828$2,542$1,641$1,036$642$58
37 years$3,683$2,414$1,536$954$582$48
38 years$3,547$2,294$1,439$880$528$40
39 years$3,417$2,182$1,348$811$479$34
40 years$3,295$2,076$1,263$748$434$28
41 years$3,179$1,976$1,185$690$394$24
42 years$3,068$1,882$1,111$637$357$20
43 years$2,963$1,793$1,043$588$324$16
44 years$2,863$1,709$979$543$294$14
45 years$2,768$1,630$919$501$267$12
46 years$2,677$1,555$863$463$243$10
47 years$2,591$1,484$811$428$220$8
48 years$2,508$1,416$762$395$200$7
49 years$2,429$1,353$716$365$182$6
50 years$2,353$1,292$673$338$165$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,410,000, adding $6,099 every year, while hoping to spend $56,384 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: 41/39/20 Blend
56$2,410,000$2,410,000$2,410,000$2,410,000
57$2,662,111$2,534,381$2,497,026$2,755,346
58$2,873,654$2,598,574$2,520,684$2,886,560
59$3,104,885$2,664,022$2,543,245$3,022,601
60$3,357,752$2,730,728$2,564,613$3,168,690
61$3,634,401$2,798,692$2,584,686$3,325,775
62$3,937,194$2,867,912$2,603,357$3,494,901
63$4,268,733$2,938,384$2,620,514$3,677,219
64$4,631,882$3,010,103$2,636,039$3,873,996
65$5,029,795$3,083,060$2,649,808$4,086,629
66$5,465,948$3,157,243$2,661,691$4,316,656
67$5,944,167$3,232,640$2,671,549$4,565,772
68$6,468,666$3,309,233$2,679,240$4,835,844
69$7,044,086$3,387,003$2,684,611$5,128,932
70$7,675,542$3,465,925$2,687,504$5,447,302
71$8,368,664$3,545,972$2,687,753$5,793,453
72$9,129,657$3,627,113$2,685,181$6,170,140
73$9,965,353$3,709,313$2,679,606$6,580,398
74$10,883,282$3,792,532$2,670,836$7,027,573
75$11,891,735$3,876,725$2,658,667$7,515,351
76$12,999,848$3,961,841$2,642,889$8,047,796
77$14,217,687$4,047,825$2,623,280$8,629,387
78$15,556,339$4,134,616$2,599,608$9,265,061
79$17,028,019$4,222,146$2,571,628$9,960,259
80$18,646,186$4,310,340$2,539,087$10,720,979
81$20,425,667$4,399,117$2,501,716$11,553,833
82$22,382,799$4,488,388$2,459,238$12,466,106
83$24,535,580$4,578,055$2,411,358$13,465,831
84$26,903,842$4,668,012$2,357,771$14,561,863
85$29,509,434$4,758,144$2,298,156$15,763,959
86$32,376,430$4,848,327$2,232,178$17,082,878
87$35,531,356$4,938,426$2,159,487$18,530,476
88$39,003,440$5,028,294$2,079,715$20,119,824
89$42,824,885$5,117,774$1,992,479$21,865,329
90$47,031,174$5,206,696$1,897,378$23,782,870
91$51,661,406$5,294,877$1,793,993$25,889,953
92$56,758,664$5,382,120$1,681,886$28,205,871
93$62,370,417$5,468,213$1,560,599$30,751,892
94$68,548,974$5,552,930$1,429,653$33,551,457
95$75,351,972$5,636,026$1,288,549$36,630,407
96$82,842,922$5,717,240$1,136,764$40,017,223
97$91,091,808$5,796,293$973,754$43,743,297
98$100,175,747$5,872,886$798,949$47,843,233
99$110,179,713$5,946,697$611,753$52,355,170
100$121,197,343$6,017,385$411,547$57,321,149