Can I retire at age 57 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$202,319$200,517$198,758$197,042$195,366$189,416
2 years$100,158$98,292$96,485$94,732$93,032$87,088
3 years$66,109$64,235$62,432$60,696$59,023$53,272
4 years$49,087$47,220$45,434$43,728$42,096$36,582
5 years$38,877$37,021$35,259$33,587$32,001$26,739
6 years$32,073$30,230$28,495$26,860$25,321$20,316
7 years$27,214$25,387$23,679$22,083$20,593$15,844
8 years$23,572$21,762$20,082$18,525$17,084$12,588
9 years$20,741$18,947$17,296$15,779$14,387$10,140
10 years$18,477$16,701$15,079$13,602$12,258$8,253
11 years$16,626$14,868$13,276$11,838$10,543$6,773
12 years$15,085$13,345$11,782$10,383$9,136$5,594
13 years$13,782$12,060$10,526$9,167$7,967$4,644
14 years$12,666$10,962$9,458$8,137$6,984$3,872
15 years$11,699$10,014$8,539$7,257$6,149$3,239
16 years$10,854$9,188$7,742$6,498$5,434$2,717
17 years$10,110$8,462$7,045$5,838$4,819$2,284
18 years$9,449$7,819$6,431$5,261$4,284$1,924
19 years$8,858$7,246$5,887$4,754$3,819$1,624
20 years$8,327$6,734$5,403$4,306$3,411$1,372
21 years$7,847$6,272$4,970$3,908$3,052$1,160
22 years$7,411$5,855$4,580$3,553$2,736$982
23 years$7,014$5,476$4,229$3,236$2,456$832
24 years$6,650$5,131$3,911$2,951$2,208$706
25 years$6,316$4,815$3,623$2,695$1,987$599
26 years$6,009$4,525$3,360$2,464$1,789$508
27 years$5,724$4,259$3,120$2,256$1,613$432
28 years$5,461$4,013$2,900$2,067$1,456$367
29 years$5,215$3,786$2,699$1,895$1,314$311
30 years$4,987$3,575$2,514$1,739$1,188$265
31 years$4,774$3,380$2,344$1,597$1,074$225
32 years$4,575$3,198$2,187$1,468$971$191
33 years$4,388$3,029$2,042$1,350$879$163
34 years$4,212$2,870$1,908$1,242$796$138
35 years$4,047$2,722$1,784$1,143$721$118
36 years$3,891$2,584$1,669$1,053$653$100
37 years$3,744$2,454$1,562$970$592$85
38 years$3,605$2,332$1,462$894$537$72
39 years$3,474$2,218$1,370$825$487$62
40 years$3,350$2,110$1,284$761$441$52
41 years$3,231$2,009$1,204$702$400$45
42 years$3,119$1,913$1,130$648$363$38
43 years$3,013$1,823$1,060$598$330$32
44 years$2,911$1,737$995$552$299$27
45 years$2,814$1,657$934$510$272$23
46 years$2,722$1,580$877$471$247$20
47 years$2,634$1,508$824$435$224$17
48 years$2,550$1,440$775$402$203$14
49 years$2,469$1,375$728$372$185$12
50 years$2,392$1,313$685$343$168$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,450,000, adding $5,833 every year, while hoping to spend $54,741 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: 44/27/29 Blend
56$2,450,000$2,450,000$2,450,000$2,450,000
57$2,705,917$2,576,067$2,538,092$2,801,960
58$2,923,676$2,644,050$2,564,874$2,939,188
59$3,161,813$2,713,530$2,590,718$3,082,205
60$3,422,346$2,784,522$2,615,536$3,236,206
61$3,707,502$2,857,040$2,639,234$3,402,247
62$4,019,731$2,931,098$2,661,711$3,581,489
63$4,361,729$3,006,708$2,682,864$3,775,213
64$4,736,470$3,083,880$2,702,584$3,984,830
65$5,147,223$3,162,624$2,720,755$4,211,895
66$5,597,594$3,242,947$2,737,254$4,458,120
67$6,091,552$3,324,854$2,751,955$4,725,395
68$6,633,468$3,408,350$2,764,723$5,015,798
69$7,228,157$3,493,435$2,775,417$5,331,625
70$7,880,924$3,580,108$2,783,888$5,675,401
71$8,597,611$3,668,367$2,789,982$6,049,913
72$9,384,655$3,758,204$2,793,534$6,458,230
73$10,249,145$3,849,611$2,794,372$6,903,737
74$11,198,892$3,942,576$2,792,317$7,390,162
75$12,242,499$4,037,082$2,787,180$7,921,618
76$13,389,446$4,133,111$2,778,763$8,502,636
77$14,650,175$4,230,639$2,766,857$9,138,210
78$16,036,191$4,329,638$2,751,245$9,833,846
79$17,560,169$4,430,077$2,731,698$10,595,613
80$19,236,074$4,531,919$2,707,977$11,430,200
81$21,079,291$4,635,121$2,679,833$12,344,980
82$23,106,772$4,739,635$2,647,001$13,348,080
83$25,337,195$4,845,409$2,609,207$14,448,460
84$27,791,136$4,952,382$2,566,163$15,655,995
85$30,491,271$5,060,487$2,517,568$16,981,569
86$33,462,580$5,169,651$2,463,107$18,437,180
87$36,732,591$5,279,792$2,402,448$20,036,055
88$40,331,633$5,390,819$2,335,248$21,792,770
89$44,293,126$5,502,635$2,261,145$23,723,393
90$48,653,892$5,615,132$2,179,760$25,845,637
91$53,454,507$5,728,191$2,090,700$28,179,024
92$58,739,678$5,841,684$1,993,550$30,745,072
93$64,558,671$5,955,472$1,887,880$33,567,499
94$70,965,769$6,069,404$1,773,237$36,672,450
95$78,020,787$6,183,314$1,649,151$40,088,740
96$85,789,637$6,297,026$1,515,127$43,848,130
97$94,344,948$6,410,349$1,370,652$47,985,628
98$103,766,751$6,523,074$1,215,187$52,539,821
99$114,143,234$6,634,979$1,048,170$57,553,238
100$125,571,575$6,745,824$869,015$63,072,755