Can I retire at age 57 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$167,636$166,142$164,685$163,264$161,875$159,654
2 years$82,988$81,442$79,944$78,492$77,083$74,849
3 years$54,776$53,223$51,729$50,291$48,905$46,728
4 years$40,672$39,125$37,646$36,232$34,879$32,776
5 years$32,213$30,674$29,215$27,829$26,515$24,491
6 years$26,575$25,048$23,610$22,255$20,980$19,038
7 years$22,549$21,035$19,620$18,297$17,063$15,203
8 years$19,531$18,031$16,639$15,349$14,155$12,378
9 years$17,185$15,699$14,331$13,074$11,921$10,225
10 years$15,310$13,838$12,494$11,270$10,157$8,542
11 years$13,776$12,319$11,000$9,808$8,735$7,199
12 years$12,499$11,057$9,762$8,603$7,570$6,111
13 years$11,419$9,992$8,722$7,595$6,601$5,217
14 years$10,494$9,083$7,837$6,742$5,786$4,476
15 years$9,694$8,297$7,075$6,013$5,095$3,855
16 years$8,994$7,613$6,415$5,384$4,503$3,332
17 years$8,377$7,011$5,837$4,837$3,993$2,887
18 years$7,829$6,478$5,329$4,359$3,550$2,508
19 years$7,339$6,004$4,878$3,939$3,164$2,184
20 years$6,899$5,579$4,477$3,568$2,826$1,904
21 years$6,502$5,197$4,118$3,238$2,529$1,663
22 years$6,141$4,851$3,795$2,944$2,267$1,455
23 years$5,812$4,537$3,504$2,681$2,035$1,274
24 years$5,510$4,251$3,241$2,445$1,829$1,116
25 years$5,234$3,989$3,002$2,233$1,646$979
26 years$4,979$3,749$2,784$2,042$1,483$860
27 years$4,743$3,529$2,585$1,869$1,337$755
28 years$4,524$3,325$2,403$1,712$1,206$664
29 years$4,321$3,137$2,236$1,570$1,089$584
30 years$4,132$2,962$2,083$1,441$984$513
31 years$3,956$2,800$1,942$1,324$890$452
32 years$3,790$2,650$1,812$1,216$805$398
33 years$3,635$2,509$1,692$1,119$728$350
34 years$3,490$2,378$1,581$1,029$659$309
35 years$3,353$2,256$1,478$947$597$272
36 years$3,224$2,141$1,383$873$541$240
37 years$3,102$2,034$1,294$804$490$211
38 years$2,987$1,933$1,212$741$445$186
39 years$2,878$1,838$1,135$683$403$164
40 years$2,775$1,748$1,064$630$366$145
41 years$2,677$1,664$998$581$332$128
42 years$2,584$1,585$936$537$301$113
43 years$2,496$1,510$878$495$273$99
44 years$2,412$1,440$824$457$248$88
45 years$2,332$1,373$774$422$225$77
46 years$2,255$1,310$727$390$204$68
47 years$2,182$1,250$683$360$186$60
48 years$2,113$1,193$642$333$169$53
49 years$2,046$1,139$603$308$153$47
50 years$1,982$1,088$567$285$139$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,030,000, adding $5,332 every year, while hoping to spend $38,764 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: 57/33/10 Blend
56$2,030,000$2,030,000$2,030,000$2,030,000
57$2,242,560$2,134,970$2,103,505$2,364,674
58$2,430,056$2,198,339$2,132,728$2,511,035
59$2,635,378$2,263,514$2,161,630$2,665,656
60$2,860,303$2,330,542$2,190,161$2,833,196
61$3,106,788$2,399,472$2,218,265$3,014,896
62$3,376,988$2,470,354$2,245,885$3,212,122
63$3,673,278$2,543,239$2,272,959$3,426,376
64$3,998,272$2,618,177$2,299,423$3,659,312
65$4,354,851$2,695,223$2,325,209$3,912,751
66$4,746,186$2,774,430$2,350,244$4,188,696
67$5,175,773$2,855,852$2,374,453$4,489,354
68$5,647,460$2,939,547$2,397,755$4,817,154
69$6,165,487$3,025,572$2,420,067$5,174,771
70$6,734,526$3,113,984$2,441,298$5,565,148
71$7,359,722$3,204,843$2,461,356$5,991,531
72$8,046,744$3,298,210$2,480,141$6,457,490
73$8,801,836$3,394,147$2,497,550$6,966,959
74$9,631,878$3,492,715$2,513,473$7,524,270
75$10,544,451$3,593,980$2,527,796$8,134,194
76$11,547,905$3,698,005$2,540,397$8,801,987
77$12,651,442$3,804,857$2,551,150$9,533,439
78$13,865,196$3,914,603$2,559,921$10,334,926
79$15,200,338$4,027,310$2,566,571$11,213,473
80$16,669,173$4,143,048$2,570,951$12,176,818
81$18,285,258$4,261,887$2,572,907$13,233,486
82$20,063,533$4,383,898$2,572,278$14,392,869
83$22,020,456$4,509,152$2,568,893$15,665,313
84$24,174,165$4,637,723$2,562,573$17,062,217
85$26,544,642$4,769,684$2,553,131$18,596,139
86$29,153,907$4,905,109$2,540,372$20,280,917
87$32,026,220$5,044,074$2,524,089$22,131,795
88$35,188,315$5,186,655$2,504,067$24,165,570
89$38,669,650$5,332,928$2,480,081$26,400,748
90$42,502,684$5,482,970$2,451,892$28,857,720
91$46,723,181$5,636,860$2,419,254$31,558,954
92$51,370,554$5,794,674$2,381,908$34,529,207
93$56,488,230$5,956,492$2,339,581$37,795,755
94$62,124,061$6,122,393$2,291,989$41,388,656
95$68,330,780$6,292,454$2,238,835$45,341,029
96$75,166,491$6,466,756$2,179,807$49,689,368
97$82,695,222$6,645,376$2,114,580$54,473,885
98$90,987,529$6,828,394$2,042,813$59,738,891
99$100,121,160$7,015,888$1,964,150$65,533,214
100$110,181,787$7,207,935$1,878,217$71,910,656