Can I retire at age 57 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$205,622$203,790$202,003$200,259$198,556$196,646
2 years$101,793$99,897$98,060$96,278$94,551$92,627
3 years$67,188$65,284$63,451$61,687$59,987$58,108
4 years$49,889$47,991$46,176$44,442$42,783$40,965
5 years$39,512$37,625$35,835$34,135$32,523$30,770
6 years$32,596$30,724$28,960$27,298$25,734$24,049
7 years$27,659$25,802$24,066$22,444$20,929$19,312
8 years$23,957$22,117$20,410$18,827$17,363$15,814
9 years$21,079$19,257$17,579$16,037$14,622$13,141
10 years$18,779$16,974$15,326$13,824$12,458$11,044
11 years$16,898$15,111$13,492$12,031$10,715$9,366
12 years$15,331$13,563$11,974$10,553$9,285$8,001
13 years$14,007$12,257$10,698$9,316$8,097$6,876
14 years$12,872$11,141$9,612$8,270$7,098$5,938
15 years$11,890$10,178$8,679$7,375$6,249$5,149
16 years$11,032$9,338$7,868$6,604$5,523$4,480
17 years$10,275$8,600$7,160$5,934$4,897$3,910
18 years$9,603$7,946$6,536$5,347$4,354$3,421
19 years$9,002$7,365$5,984$4,832$3,881$3,000
20 years$8,463$6,844$5,491$4,376$3,467$2,636
21 years$7,975$6,375$5,051$3,972$3,102$2,319
22 years$7,532$5,950$4,655$3,611$2,781$2,044
23 years$7,129$5,565$4,298$3,289$2,496$1,803
24 years$6,759$5,214$3,975$2,999$2,244$1,593
25 years$6,420$4,893$3,682$2,739$2,019$1,408
26 years$6,107$4,599$3,415$2,505$1,819$1,246
27 years$5,818$4,328$3,171$2,293$1,640$1,103
28 years$5,550$4,078$2,948$2,100$1,479$978
29 years$5,301$3,848$2,743$1,926$1,336$867
30 years$5,069$3,634$2,555$1,768$1,207$769
31 years$4,852$3,435$2,382$1,624$1,091$682
32 years$4,649$3,250$2,223$1,492$987$606
33 years$4,459$3,078$2,075$1,372$893$538
34 years$4,281$2,917$1,939$1,262$809$478
35 years$4,113$2,767$1,813$1,162$733$424
36 years$3,955$2,626$1,696$1,070$664$377
37 years$3,805$2,494$1,587$986$602$335
38 years$3,664$2,370$1,486$909$545$298
39 years$3,531$2,254$1,393$838$495$265
40 years$3,404$2,145$1,305$773$449$236
41 years$3,284$2,041$1,224$713$407$210
42 years$3,170$1,944$1,148$658$369$187
43 years$3,062$1,852$1,077$608$335$166
44 years$2,958$1,766$1,011$561$304$148
45 years$2,860$1,684$950$518$276$131
46 years$2,766$1,606$892$479$251$117
47 years$2,677$1,533$838$442$228$104
48 years$2,591$1,463$787$409$207$93
49 years$2,509$1,397$740$378$188$83
50 years$2,431$1,335$696$349$171$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,490,000, adding $4,099 every year, while hoping to spend $56,349 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: 55/20/25 Blend
56$2,490,000$2,490,000$2,490,000$2,490,000
57$2,748,208$2,616,238$2,577,643$2,880,260
58$2,968,570$2,684,479$2,604,039$3,039,726
59$3,209,521$2,754,175$2,629,431$3,207,089
60$3,473,101$2,825,338$2,653,725$3,388,197
61$3,761,556$2,897,978$2,676,824$3,584,387
62$4,077,361$2,972,106$2,698,624$3,797,135
63$4,423,240$3,047,727$2,719,016$4,028,065
64$4,802,194$3,124,849$2,737,886$4,278,968
65$5,217,525$3,203,474$2,755,114$4,551,816
66$5,672,874$3,283,606$2,770,571$4,848,783
67$6,172,249$3,365,244$2,784,127$5,172,264
68$6,720,063$3,448,385$2,795,639$5,524,897
69$7,321,178$3,533,025$2,804,963$5,909,591
70$7,980,951$3,619,157$2,811,942$6,329,550
71$8,705,281$3,706,768$2,816,414$6,788,306
72$9,500,666$3,795,846$2,818,211$7,289,752
73$10,374,265$3,886,373$2,817,151$7,838,175
74$11,333,963$3,978,329$2,813,050$8,438,305
75$12,388,449$4,071,689$2,805,708$9,095,349
76$13,547,293$4,166,423$2,794,921$9,815,050
77$14,821,038$4,262,499$2,780,472$10,603,735
78$16,221,300$4,359,878$2,762,135$11,468,380
79$17,760,878$4,458,518$2,739,672$12,416,669
80$19,453,871$4,558,368$2,712,833$13,457,075
81$21,315,812$4,659,374$2,681,360$14,598,934
82$23,363,817$4,761,476$2,644,977$15,852,537
83$25,616,743$4,864,604$2,603,401$17,229,225
84$28,095,366$4,968,686$2,556,331$18,741,498
85$30,822,579$5,073,637$2,503,454$20,403,132
86$33,823,605$5,179,368$2,444,442$22,229,314
87$37,126,235$5,285,780$2,378,953$24,236,776
88$40,761,091$5,392,762$2,306,628$26,443,965
89$44,761,913$5,500,199$2,227,091$28,871,209
90$49,165,880$5,607,960$2,139,950$31,540,913
91$54,013,956$5,715,907$2,044,794$34,477,772
92$59,351,280$5,823,887$1,941,196$37,709,002
93$65,227,591$5,931,737$1,828,706$41,264,598
94$71,697,693$6,039,280$1,706,855$45,177,622
95$78,821,977$6,146,325$1,575,155$49,484,509
96$86,666,989$6,252,665$1,433,093$54,225,418
97$95,306,055$6,358,078$1,280,134$59,444,606
98$104,819,975$6,462,327$1,115,721$65,190,855
99$115,297,786$6,565,154$939,271$71,517,923
100$126,837,597$6,666,283$750,173$78,485,062