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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$199,016$197,243$195,513$193,825$192,177$190,170
2 years$98,523$96,688$94,909$93,185$91,513$89,492
3 years$65,029$63,186$61,413$59,705$58,059$56,087
4 years$48,286$46,449$44,693$43,014$41,408$39,500
5 years$38,243$36,416$34,683$33,039$31,478$29,639
6 years$31,549$29,737$28,029$26,421$24,908$23,140
7 years$26,770$24,973$23,292$21,722$20,256$18,561
8 years$23,187$21,406$19,754$18,222$16,805$15,182
9 years$20,402$18,638$17,014$15,521$14,152$12,601
10 years$18,175$16,429$14,833$13,380$12,058$10,578
11 years$16,355$14,625$13,059$11,644$10,370$8,959
12 years$14,839$13,127$11,589$10,214$8,987$7,644
13 years$13,557$11,863$10,354$9,017$7,837$6,560
14 years$12,459$10,783$9,303$8,004$6,870$5,658
15 years$11,508$9,851$8,400$7,138$6,049$4,899
16 years$10,677$9,038$7,616$6,392$5,346$4,258
17 years$9,945$8,323$6,930$5,743$4,740$3,711
18 years$9,294$7,691$6,326$5,176$4,214$3,242
19 years$8,713$7,128$5,791$4,677$3,756$2,839
20 years$8,191$6,624$5,315$4,236$3,355$2,490
21 years$7,719$6,170$4,889$3,844$3,003$2,188
22 years$7,290$5,759$4,506$3,495$2,691$1,925
23 years$6,899$5,387$4,160$3,183$2,416$1,696
24 years$6,542$5,047$3,848$2,903$2,172$1,496
25 years$6,213$4,736$3,564$2,651$1,954$1,320
26 years$5,911$4,451$3,305$2,424$1,760$1,167
27 years$5,631$4,189$3,069$2,219$1,587$1,031
28 years$5,371$3,947$2,853$2,033$1,432$912
29 years$5,130$3,724$2,655$1,864$1,293$807
30 years$4,906$3,517$2,473$1,711$1,168$715
31 years$4,696$3,325$2,306$1,571$1,056$633
32 years$4,500$3,146$2,151$1,444$955$561
33 years$4,316$2,979$2,008$1,328$865$498
34 years$4,143$2,823$1,877$1,222$783$441
35 years$3,981$2,678$1,755$1,125$709$392
36 years$3,828$2,542$1,641$1,036$642$347
37 years$3,683$2,414$1,536$954$582$308
38 years$3,547$2,294$1,439$880$528$274
39 years$3,417$2,182$1,348$811$479$243
40 years$3,295$2,076$1,263$748$434$216
41 years$3,179$1,976$1,185$690$394$192
42 years$3,068$1,882$1,111$637$357$170
43 years$2,963$1,793$1,043$588$324$151
44 years$2,863$1,709$979$543$294$134
45 years$2,768$1,630$919$501$267$119
46 years$2,677$1,555$863$463$243$106
47 years$2,591$1,484$811$428$220$94
48 years$2,508$1,416$762$395$200$84
49 years$2,429$1,353$716$365$182$74
50 years$2,353$1,292$673$338$165$66

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 $2,128 every year, while hoping to spend $37,528 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: 77/8/15 Blend
56$2,410,000$2,410,000$2,410,000$2,410,000
57$2,658,015$2,530,285$2,492,930$2,854,048
58$2,889,203$2,614,339$2,536,514$3,067,716
59$3,142,714$2,701,255$2,580,300$3,297,022
60$3,420,787$2,791,132$2,624,255$3,547,448
61$3,725,884$2,884,074$2,668,345$3,821,087
62$4,060,721$2,980,190$2,712,531$4,120,246
63$4,428,287$3,079,592$2,756,773$4,447,466
64$4,831,876$3,182,396$2,801,029$4,805,544
65$5,275,117$3,288,723$2,845,253$5,197,563
66$5,762,005$3,398,696$2,889,395$5,626,915
67$6,296,943$3,512,447$2,933,404$6,097,342
68$6,884,783$3,630,108$2,977,224$6,612,960
69$7,530,867$3,751,820$3,020,797$7,178,307
70$8,241,083$3,877,726$3,064,061$7,798,382
71$9,021,916$4,007,977$3,106,950$8,478,689
72$9,880,511$4,142,728$3,149,392$9,225,294
73$10,824,741$4,282,140$3,191,315$10,044,879
74$11,863,280$4,426,380$3,232,640$10,944,807
75$13,005,685$4,575,622$3,273,283$11,933,189
76$14,262,483$4,730,046$3,313,156$13,018,960
77$15,645,277$4,889,839$3,352,167$14,211,965
78$17,166,848$5,055,194$3,390,218$15,523,053
79$18,841,281$5,226,313$3,427,205$16,964,175
80$20,684,093$5,403,404$3,463,018$18,548,500
81$22,712,384$5,586,684$3,497,542$20,290,536
82$24,944,994$5,776,378$3,530,657$22,206,272
83$27,402,682$5,972,720$3,562,233$24,313,323
84$30,108,323$6,175,951$3,592,135$26,631,097
85$33,087,123$6,386,323$3,620,222$29,180,983
86$36,366,854$6,604,098$3,646,345$31,986,546
87$39,978,121$6,829,546$3,670,345$35,073,752
88$43,954,645$7,062,949$3,692,057$38,471,216
89$48,333,585$7,304,600$3,711,307$42,210,464
90$53,155,888$7,554,803$3,727,913$46,326,240
91$58,466,672$7,813,871$3,741,681$50,856,825
92$64,315,656$8,082,134$3,752,411$55,844,404
93$70,757,625$8,359,932$3,759,890$61,335,461
94$77,852,952$8,647,617$3,763,895$67,381,218
95$85,668,160$8,945,558$3,764,192$74,038,121
96$94,276,557$9,254,135$3,760,538$81,368,366
97$103,758,924$9,573,745$3,752,673$89,440,493
98$114,204,275$9,904,800$3,740,329$98,330,029
99$125,710,704$10,247,728$3,723,223$108,120,201
100$138,386,303$10,602,973$3,701,058$118,902,722