Can I retire at age 57 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$203,145$201,335$199,570$197,846$196,164$193,472
2 years$100,567$98,694$96,878$95,118$93,411$90,704
3 years$66,378$64,497$62,687$60,943$59,264$56,626
4 years$49,288$47,412$45,620$43,906$42,268$39,718
5 years$39,036$37,172$35,403$33,724$32,131$29,678
6 years$32,204$30,354$28,611$26,970$25,424$23,071
7 years$27,325$25,491$23,776$22,173$20,677$18,424
8 years$23,668$21,850$20,164$18,600$17,153$15,000
9 years$20,825$19,025$17,367$15,843$14,446$12,391
10 years$18,552$16,769$15,141$13,657$12,308$10,352
11 years$16,694$14,929$13,330$11,886$10,586$8,724
12 years$15,146$13,399$11,830$10,426$9,173$7,406
13 years$13,838$12,109$10,569$9,204$7,999$6,323
14 years$12,717$11,007$9,496$8,170$7,012$5,424
15 years$11,747$10,055$8,574$7,287$6,174$4,672
16 years$10,899$9,225$7,774$6,524$5,457$4,037
17 years$10,151$8,496$7,074$5,862$4,838$3,499
18 years$9,487$7,851$6,457$5,283$4,302$3,040
19 years$8,894$7,276$5,911$4,774$3,834$2,646
20 years$8,361$6,761$5,425$4,323$3,425$2,308
21 years$7,879$6,298$4,990$3,924$3,065$2,016
22 years$7,441$5,879$4,599$3,568$2,747$1,763
23 years$7,043$5,498$4,247$3,249$2,466$1,543
24 years$6,678$5,152$3,927$2,963$2,217$1,353
25 years$6,342$4,834$3,637$2,706$1,995$1,187
26 years$6,033$4,544$3,374$2,474$1,797$1,042
27 years$5,748$4,276$3,133$2,265$1,620$915
28 years$5,483$4,029$2,912$2,075$1,462$804
29 years$5,237$3,801$2,710$1,903$1,320$707
30 years$5,007$3,590$2,524$1,746$1,193$622
31 years$4,793$3,394$2,353$1,604$1,078$548
32 years$4,593$3,211$2,196$1,474$975$482
33 years$4,405$3,041$2,050$1,356$883$425
34 years$4,229$2,882$1,916$1,247$799$374
35 years$4,063$2,734$1,791$1,148$724$330
36 years$3,907$2,595$1,675$1,057$656$290
37 years$3,760$2,464$1,568$974$594$256
38 years$3,620$2,342$1,468$898$539$226
39 years$3,488$2,227$1,376$828$489$199
40 years$3,363$2,119$1,290$764$443$175
41 years$3,245$2,017$1,209$705$402$155
42 years$3,132$1,921$1,134$650$365$136
43 years$3,025$1,830$1,064$600$331$120
44 years$2,923$1,744$999$554$301$106
45 years$2,826$1,664$938$512$273$94
46 years$2,733$1,587$881$473$248$83
47 years$2,645$1,514$828$437$225$73
48 years$2,560$1,446$778$404$204$64
49 years$2,479$1,381$731$373$186$57
50 years$2,402$1,319$687$345$169$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,460,000, adding $3,415 every year, while hoping to spend $57,886 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: 57/29/14 Blend
56$2,460,000$2,460,000$2,460,000$2,460,000
57$2,714,443$2,584,063$2,545,933$2,859,247
58$2,929,725$2,649,091$2,569,631$3,022,703
59$3,165,027$2,715,367$2,592,183$3,194,079
60$3,422,328$2,782,888$2,613,490$3,379,478
61$3,703,810$2,851,654$2,633,446$3,580,254
62$4,011,874$2,921,660$2,651,941$3,797,897
63$4,349,163$2,992,900$2,668,860$4,034,052
64$4,718,591$3,065,365$2,684,080$4,290,525
65$5,123,363$3,139,044$2,697,473$4,569,311
66$5,567,012$3,213,923$2,708,904$4,872,603
67$6,053,427$3,289,984$2,718,231$5,202,819
68$6,586,891$3,367,208$2,725,307$5,562,623
69$7,172,123$3,445,570$2,729,973$5,954,948
70$7,814,319$3,525,043$2,732,068$6,383,027
71$8,519,205$3,605,595$2,731,417$6,850,421
72$9,293,086$3,687,191$2,727,841$7,361,055
73$10,142,907$3,769,790$2,721,151$7,919,252
74$11,076,321$3,853,347$2,711,147$8,529,776
75$12,101,757$3,937,812$2,697,621$9,197,877
76$13,228,500$4,023,129$2,680,355$9,929,339
77$14,466,780$4,109,235$2,659,120$10,730,535
78$15,827,867$4,196,064$2,633,677$11,608,491
79$17,324,178$4,283,540$2,603,773$12,570,946
80$18,969,392$4,371,580$2,569,147$13,626,430
81$20,778,579$4,460,097$2,529,522$14,784,342
82$22,768,343$4,548,991$2,484,611$16,055,042
83$24,956,980$4,638,157$2,434,111$17,449,946
84$27,364,645$4,727,480$2,377,707$18,981,633
85$30,013,547$4,816,834$2,315,068$20,663,968
86$32,928,154$4,906,085$2,245,848$22,512,230
87$36,135,428$4,995,085$2,169,686$24,543,258
88$39,665,075$5,083,677$2,086,204$26,775,609
89$43,549,826$5,171,691$1,995,006$29,229,735
90$47,825,748$5,258,944$1,895,678$31,928,175
91$52,532,580$5,345,238$1,787,789$34,895,769
92$57,714,110$5,430,361$1,670,886$38,159,892
93$63,418,586$5,514,087$1,544,499$41,750,714
94$69,699,175$5,596,170$1,408,133$45,701,485
95$76,614,459$5,676,350$1,261,273$50,048,851
96$84,228,990$5,754,347$1,103,382$54,833,195
97$92,613,898$5,829,862$933,896$60,099,027
98$101,847,564$5,902,573$752,230$65,895,397
99$112,016,356$5,972,139$557,770$72,276,365
100$123,215,445$6,038,195$349,876$79,301,508