Can I retire at age 57 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$204,796$202,972$201,192$199,455$197,759$190,970
2 years$101,384$99,496$97,666$95,892$94,171$87,400
3 years$66,918$65,022$63,196$61,439$59,746$53,206
4 years$49,688$47,798$45,991$44,263$42,611$36,353
5 years$39,353$37,474$35,691$33,998$32,392$26,432
6 years$32,465$30,600$28,843$27,189$25,631$19,972
7 years$27,548$25,698$23,969$22,353$20,845$15,487
8 years$23,861$22,028$20,328$18,752$17,293$12,232
9 years$20,995$19,179$17,508$15,972$14,563$9,793
10 years$18,703$16,906$15,264$13,768$12,408$7,922
11 years$16,830$15,050$13,438$11,983$10,672$6,459
12 years$15,270$13,508$11,926$10,510$9,248$5,299
13 years$13,950$12,207$10,655$9,279$8,064$4,370
14 years$12,821$11,096$9,574$8,237$7,069$3,618
15 years$11,842$10,137$8,644$7,346$6,224$3,005
16 years$10,987$9,300$7,837$6,577$5,501$2,502
17 years$10,234$8,565$7,131$5,910$4,878$2,089
18 years$9,564$7,915$6,510$5,326$4,337$1,746
19 years$8,966$7,335$5,959$4,812$3,866$1,463
20 years$8,429$6,816$5,469$4,359$3,453$1,226
21 years$7,943$6,349$5,031$3,956$3,090$1,029
22 years$7,502$5,927$4,637$3,597$2,770$865
23 years$7,100$5,543$4,281$3,275$2,486$727
24 years$6,732$5,193$3,959$2,987$2,235$611
25 years$6,394$4,874$3,667$2,728$2,011$515
26 years$6,082$4,581$3,401$2,495$1,811$433
27 years$5,794$4,311$3,158$2,283$1,633$365
28 years$5,527$4,062$2,936$2,092$1,474$307
29 years$5,279$3,832$2,732$1,918$1,331$259
30 years$5,048$3,619$2,545$1,761$1,202$218
31 years$4,832$3,421$2,373$1,617$1,087$184
32 years$4,631$3,237$2,214$1,486$983$155
33 years$4,441$3,066$2,067$1,367$890$131
34 years$4,264$2,905$1,931$1,257$806$110
35 years$4,096$2,756$1,805$1,157$730$93
36 years$3,939$2,616$1,689$1,066$661$79
37 years$3,790$2,484$1,581$982$599$66
38 years$3,650$2,361$1,480$905$543$56
39 years$3,517$2,245$1,387$835$493$47
40 years$3,391$2,136$1,300$770$447$40
41 years$3,271$2,033$1,219$710$405$34
42 years$3,157$1,936$1,143$656$368$28
43 years$3,049$1,845$1,073$605$334$24
44 years$2,947$1,759$1,007$559$303$20
45 years$2,849$1,677$946$516$275$17
46 years$2,755$1,600$888$477$250$14
47 years$2,666$1,527$834$440$227$12
48 years$2,581$1,457$784$407$206$10
49 years$2,499$1,392$737$376$187$9
50 years$2,421$1,330$693$348$170$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,480,000, adding $5,683 every year, while hoping to spend $48,872 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: 39/38/23 Blend
56$2,480,000$2,480,000$2,480,000$2,480,000
57$2,738,822$2,607,382$2,568,942$2,826,708
58$2,966,182$2,683,144$2,603,002$2,966,545
59$3,215,096$2,760,981$2,636,565$3,112,636
60$3,487,708$2,840,942$2,669,563$3,269,630
61$3,786,385$2,923,078$2,701,924$3,438,543
62$4,113,729$3,007,442$2,733,571$3,620,500
63$4,472,607$3,094,085$2,764,424$3,816,732
64$4,866,179$3,183,060$2,794,397$4,028,600
65$5,297,921$3,274,423$2,823,402$4,257,599
66$5,771,666$3,368,227$2,851,343$4,505,373
67$6,291,635$3,464,528$2,878,121$4,773,737
68$6,862,474$3,563,382$2,903,631$5,064,685
69$7,489,305$3,664,847$2,927,762$5,380,414
70$8,177,770$3,768,980$2,950,397$5,723,344
71$8,934,081$3,875,839$2,971,414$6,096,140
72$9,765,085$3,985,482$2,990,684$6,501,738
73$10,678,322$4,097,969$3,008,070$6,943,369
74$11,682,101$4,213,360$3,023,431$7,424,594
75$12,785,576$4,331,715$3,036,616$7,949,336
76$13,998,829$4,453,094$3,047,468$8,521,915
77$15,332,972$4,577,558$3,055,820$9,147,091
78$16,800,245$4,705,168$3,061,500$9,830,109
79$18,414,134$4,835,985$3,064,324$10,576,745
80$20,189,498$4,970,071$3,064,101$11,393,365
81$22,142,708$5,107,486$3,060,630$12,286,981
82$24,291,803$5,248,291$3,053,700$13,265,321
83$26,656,658$5,392,548$3,043,090$14,336,897
84$29,259,171$5,540,317$3,028,567$15,511,092
85$32,123,472$5,691,658$3,009,890$16,798,242
86$35,276,147$5,846,631$2,986,802$18,209,736
87$38,746,492$6,005,294$2,959,038$19,758,125
88$42,566,785$6,167,704$2,926,317$21,457,239
89$46,772,596$6,333,920$2,888,347$23,322,318
90$51,403,115$6,503,996$2,844,821$25,370,155
91$56,501,527$6,677,987$2,795,417$27,619,256
92$62,115,420$6,855,945$2,739,801$30,090,014
93$68,297,228$7,037,922$2,677,619$32,804,900
94$75,104,731$7,223,965$2,608,505$35,788,681
95$82,601,596$7,414,122$2,532,072$39,068,646
96$90,857,981$7,608,436$2,447,919$42,674,871
97$99,951,194$7,806,949$2,355,624$46,640,496
98$109,966,425$8,009,699$2,254,746$51,002,046
99$120,997,546$8,216,719$2,144,826$55,799,769
100$133,148,000$8,428,043$2,025,381$61,078,022