Can I retire at age 57 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$203,970$202,153$200,381$198,651$196,961$195,967
2 years$100,975$99,095$97,272$95,505$93,791$92,787
3 years$66,648$64,760$62,942$61,191$59,505$58,523
4 years$49,488$47,605$45,805$44,085$42,439$41,487
5 years$39,195$37,323$35,547$33,861$32,262$31,341
6 years$32,335$30,477$28,727$27,079$25,528$24,641
7 years$27,436$25,595$23,872$22,263$20,761$19,908
8 years$23,765$21,939$20,246$18,676$17,223$16,404
9 years$20,910$19,102$17,438$15,908$14,504$13,719
10 years$18,628$16,838$15,202$13,713$12,358$11,607
11 years$16,762$14,989$13,384$11,934$10,629$9,910
12 years$15,208$13,454$11,878$10,468$9,211$8,524
13 years$13,894$12,158$10,612$9,242$8,032$7,377
14 years$12,769$11,052$9,535$8,204$7,041$6,417
15 years$11,795$10,096$8,609$7,316$6,199$5,605
16 years$10,943$9,263$7,805$6,551$5,479$4,914
17 years$10,192$8,531$7,102$5,886$4,858$4,322
18 years$9,526$7,883$6,484$5,304$4,319$3,811
19 years$8,930$7,306$5,935$4,793$3,850$3,368
20 years$8,395$6,789$5,447$4,341$3,439$2,983
21 years$7,911$6,323$5,010$3,940$3,077$2,646
22 years$7,472$5,903$4,618$3,582$2,758$2,351
23 years$7,071$5,521$4,264$3,262$2,476$2,092
24 years$6,705$5,172$3,943$2,975$2,226$1,863
25 years$6,368$4,854$3,652$2,717$2,003$1,661
26 years$6,058$4,562$3,387$2,485$1,804$1,483
27 years$5,771$4,293$3,145$2,274$1,626$1,324
28 years$5,505$4,046$2,924$2,084$1,468$1,184
29 years$5,258$3,817$2,721$1,911$1,325$1,059
30 years$5,028$3,604$2,535$1,754$1,197$948
31 years$4,813$3,407$2,363$1,611$1,083$848
32 years$4,612$3,224$2,205$1,480$979$760
33 years$4,423$3,053$2,058$1,361$886$681
34 years$4,246$2,894$1,923$1,252$802$611
35 years$4,080$2,745$1,798$1,153$727$548
36 years$3,923$2,605$1,682$1,062$658$491
37 years$3,775$2,474$1,574$978$597$441
38 years$3,635$2,351$1,474$902$541$396
39 years$3,502$2,236$1,381$831$491$355
40 years$3,377$2,127$1,295$767$445$319
41 years$3,258$2,025$1,214$707$404$286
42 years$3,145$1,929$1,139$653$366$257
43 years$3,037$1,838$1,069$603$332$231
44 years$2,935$1,752$1,003$557$302$207
45 years$2,837$1,670$942$514$274$186
46 years$2,744$1,593$885$475$249$167
47 years$2,655$1,521$831$439$226$150
48 years$2,570$1,452$781$405$205$135
49 years$2,489$1,386$734$375$186$122
50 years$2,412$1,324$690$346$169$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,470,000, adding $5,526 every year, while hoping to spend $25,914 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: 28/46/26 Blend
56$2,470,000$2,470,000$2,470,000$2,470,000
57$2,727,640$2,596,730$2,558,445$2,781,806
58$2,978,287$2,696,398$2,616,581$2,924,850
59$3,253,632$2,800,080$2,675,795$3,075,805
60$3,556,165$2,907,947$2,736,098$3,237,463
61$3,888,633$3,020,176$2,797,496$3,410,758
62$4,254,060$3,136,951$2,859,998$3,596,714
63$4,655,777$3,258,464$2,923,611$3,796,455
64$5,097,454$3,384,917$2,988,340$4,011,212
65$5,583,137$3,516,520$3,054,192$4,242,336
66$6,117,280$3,653,493$3,121,171$4,491,308
67$6,704,793$3,796,065$3,189,280$4,759,755
68$7,351,084$3,944,474$3,258,523$5,049,463
69$8,062,112$4,098,970$3,328,901$5,362,391
70$8,844,443$4,259,816$3,400,415$5,700,691
71$9,705,313$4,427,283$3,473,065$6,066,728
72$10,652,690$4,601,656$3,546,849$6,463,097
73$11,695,360$4,783,232$3,621,764$6,892,651
74$12,842,999$4,972,323$3,697,805$7,358,526
75$14,106,271$5,169,252$3,774,967$7,864,167
76$15,496,925$5,374,360$3,853,243$8,413,361
77$17,027,907$5,588,000$3,932,623$9,010,272
78$18,713,484$5,810,542$4,013,096$9,659,477
79$20,569,375$6,042,375$4,094,651$10,366,011
80$22,612,902$6,283,901$4,177,271$11,135,408
81$24,863,149$6,535,544$4,260,941$11,973,757
82$27,341,149$6,797,744$4,345,642$12,887,757
83$30,070,077$7,070,964$4,431,352$13,884,776
84$33,075,470$7,355,687$4,518,047$14,972,918
85$36,385,468$7,652,415$4,605,701$16,161,104
86$40,031,078$7,961,676$4,694,285$17,459,148
87$44,046,472$8,284,022$4,783,767$18,877,851
88$48,469,300$8,620,027$4,874,111$20,429,099
89$53,341,055$8,970,294$4,965,280$22,125,975
90$58,707,457$9,335,453$5,057,231$23,982,880
91$64,618,889$9,716,162$5,149,920$26,015,665
92$71,130,870$10,113,108$5,243,297$28,241,780
93$78,304,580$10,527,012$5,337,309$30,680,436
94$86,207,437$10,958,625$5,431,898$33,352,784
95$94,913,732$11,408,735$5,527,004$36,282,109
96$104,505,334$11,878,164$5,622,559$39,494,052
97$115,072,456$12,367,772$5,718,493$43,016,846
98$126,714,514$12,878,460$5,814,730$46,881,581
99$139,541,059$13,411,169$5,911,188$51,122,491
100$153,672,814$13,966,883$6,007,779$55,777,280