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%12.7%
1 years$203,970$202,153$200,381$198,651$196,961$194,742
2 years$100,975$99,095$97,272$95,505$93,791$91,557
3 years$66,648$64,760$62,942$61,191$59,505$57,326
4 years$49,488$47,605$45,805$44,085$42,439$40,331
5 years$39,195$37,323$35,547$33,861$32,262$30,231
6 years$32,335$30,477$28,727$27,079$25,528$23,577
7 years$27,436$25,595$23,872$22,263$20,761$18,891
8 years$23,765$21,939$20,246$18,676$17,223$15,434
9 years$20,910$19,102$17,438$15,908$14,504$12,795
10 years$18,628$16,838$15,202$13,713$12,358$10,727
11 years$16,762$14,989$13,384$11,934$10,629$9,075
12 years$15,208$13,454$11,878$10,468$9,211$7,733
13 years$13,894$12,158$10,612$9,242$8,032$6,628
14 years$12,769$11,052$9,535$8,204$7,041$5,708
15 years$11,795$10,096$8,609$7,316$6,199$4,937
16 years$10,943$9,263$7,805$6,551$5,479$4,284
17 years$10,192$8,531$7,102$5,886$4,858$3,729
18 years$9,526$7,883$6,484$5,304$4,319$3,253
19 years$8,930$7,306$5,935$4,793$3,850$2,844
20 years$8,395$6,789$5,447$4,341$3,439$2,492
21 years$7,911$6,323$5,010$3,940$3,077$2,186
22 years$7,472$5,903$4,618$3,582$2,758$1,921
23 years$7,071$5,521$4,264$3,262$2,476$1,689
24 years$6,705$5,172$3,943$2,975$2,226$1,487
25 years$6,368$4,854$3,652$2,717$2,003$1,311
26 years$6,058$4,562$3,387$2,485$1,804$1,156
27 years$5,771$4,293$3,145$2,274$1,626$1,021
28 years$5,505$4,046$2,924$2,084$1,468$901
29 years$5,258$3,817$2,721$1,911$1,325$797
30 years$5,028$3,604$2,535$1,754$1,197$704
31 years$4,813$3,407$2,363$1,611$1,083$623
32 years$4,612$3,224$2,205$1,480$979$551
33 years$4,423$3,053$2,058$1,361$886$488
34 years$4,246$2,894$1,923$1,252$802$432
35 years$4,080$2,745$1,798$1,153$727$382
36 years$3,923$2,605$1,682$1,062$658$339
37 years$3,775$2,474$1,574$978$597$300
38 years$3,635$2,351$1,474$902$541$266
39 years$3,502$2,236$1,381$831$491$236
40 years$3,377$2,127$1,295$767$445$209
41 years$3,258$2,025$1,214$707$404$185
42 years$3,145$1,929$1,139$653$366$164
43 years$3,037$1,838$1,069$603$332$146
44 years$2,935$1,752$1,003$557$302$129
45 years$2,837$1,670$942$514$274$114
46 years$2,744$1,593$885$475$249$102
47 years$2,655$1,521$831$439$226$90
48 years$2,570$1,452$781$405$205$80
49 years$2,489$1,386$734$375$186$71
50 years$2,412$1,324$690$346$169$63

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 $3,383 every year, while hoping to spend $57,326 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: 37/42/21 Blend
56$2,470,000$2,470,000$2,470,000$2,470,000
57$2,725,430$2,594,520$2,556,235$2,808,924
58$2,942,429$2,660,657$2,580,874$2,936,104
59$3,179,641$2,728,113$2,604,418$3,067,780
60$3,439,067$2,796,893$2,626,768$3,208,842
61$3,722,910$2,866,999$2,647,823$3,360,167
62$4,033,596$2,938,431$2,667,474$3,522,721
63$4,373,797$3,011,189$2,685,609$3,697,568
64$4,746,455$3,085,268$2,702,108$3,885,880
65$5,154,810$3,160,662$2,716,845$4,088,950
66$5,602,430$3,237,364$2,729,688$4,308,200
67$6,093,245$3,315,362$2,740,500$4,545,196
68$6,631,583$3,394,642$2,749,134$4,801,667
69$7,222,211$3,475,186$2,755,437$5,079,515
70$7,870,381$3,556,975$2,759,248$5,380,838
71$8,581,877$3,639,984$2,760,400$5,707,948
72$9,363,070$3,724,184$2,758,715$6,063,391
73$10,220,979$3,809,545$2,754,008$6,449,975
74$11,163,335$3,896,029$2,746,083$6,870,794
75$12,198,656$3,983,594$2,734,737$7,329,259
76$13,336,323$4,072,196$2,719,756$7,829,129
77$14,586,676$4,161,781$2,700,915$8,374,548
78$15,961,101$4,252,292$2,677,980$8,970,082
79$17,472,144$4,343,665$2,650,703$9,620,765
80$19,133,629$4,435,831$2,618,828$10,332,148
81$20,960,784$4,528,712$2,582,084$11,110,348
82$22,970,388$4,622,223$2,540,187$11,962,106
83$25,180,927$4,716,271$2,492,843$12,894,856
84$27,612,769$4,810,756$2,439,741$13,916,791
85$30,288,356$4,905,567$2,380,557$15,036,943
86$33,232,414$5,000,585$2,314,951$16,265,267
87$36,472,187$5,095,681$2,242,568$17,612,739
88$40,037,694$5,190,713$2,163,038$19,091,456
89$43,962,011$5,285,530$2,075,972$20,714,754
90$48,281,583$5,379,968$1,980,965$22,497,332
91$53,036,568$5,473,851$1,877,591$24,455,395
92$58,271,215$5,566,986$1,765,407$26,606,806
93$64,034,281$5,659,170$1,643,950$28,971,253
94$70,379,491$5,750,183$1,512,735$31,570,440
95$77,366,044$5,839,787$1,371,257$34,428,293
96$85,059,172$5,927,729$1,218,986$37,571,182
97$93,530,757$6,013,736$1,055,371$41,028,177
98$102,860,002$6,097,517$879,834$44,831,319
99$113,134,188$6,178,761$691,774$49,015,928
100$124,449,488$6,257,133$490,561$53,620,935