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%16.8%
1 years$203,145$201,335$199,570$197,846$196,164$190,726
2 years$100,567$98,694$96,878$95,118$93,411$87,973
3 years$66,378$64,497$62,687$60,943$59,264$53,996
4 years$49,288$47,412$45,620$43,906$42,268$37,210
5 years$39,036$37,172$35,403$33,724$32,131$27,298
6 years$32,204$30,354$28,611$26,970$25,424$20,820
7 years$27,325$25,491$23,776$22,173$20,677$16,302
8 years$23,668$21,850$20,164$18,600$17,153$13,006
9 years$20,825$19,025$17,367$15,843$14,446$10,521
10 years$18,552$16,769$15,141$13,657$12,308$8,601
11 years$16,694$14,929$13,330$11,886$10,586$7,090
12 years$15,146$13,399$11,830$10,426$9,173$5,883
13 years$13,838$12,109$10,569$9,204$7,999$4,907
14 years$12,717$11,007$9,496$8,170$7,012$4,111
15 years$11,747$10,055$8,574$7,287$6,174$3,456
16 years$10,899$9,225$7,774$6,524$5,457$2,914
17 years$10,151$8,496$7,074$5,862$4,838$2,462
18 years$9,487$7,851$6,457$5,283$4,302$2,085
19 years$8,894$7,276$5,911$4,774$3,834$1,769
20 years$8,361$6,761$5,425$4,323$3,425$1,502
21 years$7,879$6,298$4,990$3,924$3,065$1,278
22 years$7,441$5,879$4,599$3,568$2,747$1,088
23 years$7,043$5,498$4,247$3,249$2,466$927
24 years$6,678$5,152$3,927$2,963$2,217$790
25 years$6,342$4,834$3,637$2,706$1,995$674
26 years$6,033$4,544$3,374$2,474$1,797$575
27 years$5,748$4,276$3,133$2,265$1,620$491
28 years$5,483$4,029$2,912$2,075$1,462$420
29 years$5,237$3,801$2,710$1,903$1,320$359
30 years$5,007$3,590$2,524$1,746$1,193$307
31 years$4,793$3,394$2,353$1,604$1,078$262
32 years$4,593$3,211$2,196$1,474$975$224
33 years$4,405$3,041$2,050$1,356$883$192
34 years$4,229$2,882$1,916$1,247$799$164
35 years$4,063$2,734$1,791$1,148$724$140
36 years$3,907$2,595$1,675$1,057$656$120
37 years$3,760$2,464$1,568$974$594$103
38 years$3,620$2,342$1,468$898$539$88
39 years$3,488$2,227$1,376$828$489$75
40 years$3,363$2,119$1,290$764$443$64
41 years$3,245$2,017$1,209$705$402$55
42 years$3,132$1,921$1,134$650$365$47
43 years$3,025$1,830$1,064$600$331$40
44 years$2,923$1,744$999$554$301$35
45 years$2,826$1,664$938$512$273$30
46 years$2,733$1,587$881$473$248$25
47 years$2,645$1,514$828$437$225$22
48 years$2,560$1,446$778$404$204$19
49 years$2,479$1,381$731$373$186$16
50 years$2,402$1,319$687$345$169$14

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 $6,424 every year, while hoping to spend $48,679 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: 47/36/17 Blend
56$2,460,000$2,460,000$2,460,000$2,460,000
57$2,717,546$2,587,166$2,549,036$2,831,924
58$2,942,942$2,662,143$2,582,635$2,987,047
59$3,189,696$2,739,163$2,615,728$3,149,867
60$3,459,937$2,818,273$2,648,246$3,325,544
61$3,756,006$2,899,524$2,680,118$3,515,297
62$4,080,484$2,982,966$2,711,267$3,720,468
63$4,436,211$3,068,649$2,741,612$3,942,534
64$4,826,317$3,156,626$2,771,069$4,183,121
65$5,254,249$3,246,948$2,799,547$4,444,017
66$5,723,803$3,339,669$2,826,953$4,727,192
67$6,239,161$3,434,843$2,853,185$5,034,816
68$6,804,928$3,532,523$2,878,140$5,369,275
69$7,426,179$3,632,764$2,901,705$5,733,200
70$8,108,502$3,735,623$2,923,766$6,129,485
71$8,858,055$3,841,154$2,944,198$6,561,320
72$9,681,621$3,949,415$2,962,873$7,032,217
73$10,586,672$4,060,462$2,979,655$7,546,043
74$11,581,441$4,174,352$2,994,401$8,107,059
75$12,674,996$4,291,144$3,006,961$8,719,957
76$13,877,329$4,410,894$3,017,178$9,389,908
77$15,199,449$4,533,660$3,024,886$10,122,606
78$16,653,484$4,659,501$3,029,911$10,924,324
79$18,252,797$4,788,474$3,032,071$11,801,974
80$20,012,111$4,920,638$3,031,174$12,763,168
81$21,947,647$5,056,050$3,027,019$13,816,297
82$24,077,278$5,194,767$3,019,395$14,970,601
83$26,420,697$5,336,847$3,008,082$16,236,264
84$28,999,603$5,482,347$2,992,846$17,624,504
85$31,837,902$5,631,322$2,973,447$19,147,684
86$34,961,938$5,783,827$2,949,628$20,819,423
87$38,400,739$5,939,917$2,921,123$22,654,730
88$42,186,286$6,099,645$2,887,653$24,670,142
89$46,353,823$6,263,063$2,848,924$26,883,879
90$50,942,181$6,430,221$2,804,631$29,316,021
91$55,994,150$6,601,169$2,754,453$31,988,692
92$61,556,879$6,775,952$2,698,053$34,926,272
93$67,682,324$6,954,617$2,635,081$38,155,626
94$74,427,733$7,137,206$2,565,169$41,706,357
95$81,856,192$7,323,758$2,487,932$45,611,087
96$90,037,213$7,514,312$2,402,967$49,905,765
97$99,047,396$7,708,901$2,309,854$54,630,002
98$108,971,150$7,907,557$2,208,153$59,827,453
99$119,901,485$8,110,305$2,097,404$65,546,220
100$131,940,896$8,317,169$1,977,127$71,839,315