Can I retire at age 57 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$168,461$166,961$165,497$164,068$162,672$160,507
2 years$83,397$81,843$80,338$78,879$77,463$75,285
3 years$55,046$53,486$51,984$50,538$49,146$47,022
4 years$40,873$39,318$37,831$36,410$35,051$32,999
5 years$32,371$30,825$29,359$27,966$26,645$24,670
6 years$26,705$25,171$23,726$22,365$21,084$19,188
7 years$22,660$21,139$19,716$18,387$17,147$15,332
8 years$19,627$18,120$16,721$15,425$14,225$12,490
9 years$17,270$15,777$14,402$13,138$11,979$10,324
10 years$15,385$13,906$12,556$11,326$10,207$8,630
11 years$13,844$12,380$11,054$9,857$8,778$7,278
12 years$12,560$11,112$9,810$8,646$7,607$6,181
13 years$11,475$10,042$8,765$7,633$6,634$5,281
14 years$10,546$9,128$7,875$6,775$5,815$4,533
15 years$9,741$8,338$7,110$6,043$5,120$3,907
16 years$9,038$7,650$6,446$5,410$4,525$3,379
17 years$8,418$7,045$5,866$4,861$4,012$2,930
18 years$7,867$6,510$5,355$4,381$3,567$2,548
19 years$7,376$6,034$4,902$3,959$3,180$2,219
20 years$6,933$5,607$4,499$3,585$2,840$1,937
21 years$6,534$5,223$4,138$3,254$2,542$1,693
22 years$6,171$4,875$3,814$2,958$2,278$1,482
23 years$5,840$4,560$3,522$2,694$2,045$1,298
24 years$5,538$4,272$3,257$2,457$1,838$1,139
25 years$5,259$4,009$3,016$2,244$1,654$1,000
26 years$5,003$3,768$2,798$2,052$1,490$878
27 years$4,766$3,546$2,598$1,878$1,343$772
28 years$4,547$3,341$2,415$1,721$1,212$679
29 years$4,343$3,152$2,247$1,578$1,094$598
30 years$4,153$2,977$2,093$1,448$989$526
31 years$3,975$2,814$1,952$1,330$894$464
32 years$3,809$2,663$1,821$1,222$809$409
33 years$3,653$2,522$1,700$1,124$732$360
34 years$3,507$2,390$1,589$1,034$663$318
35 years$3,370$2,267$1,485$952$600$280
36 years$3,240$2,152$1,389$877$544$247
37 years$3,118$2,044$1,300$808$493$218
38 years$3,002$1,942$1,218$745$447$192
39 years$2,893$1,847$1,141$687$405$170
40 years$2,789$1,757$1,069$633$368$150
41 years$2,691$1,673$1,003$584$333$132
42 years$2,597$1,593$941$539$303$117
43 years$2,508$1,518$883$498$275$103
44 years$2,424$1,447$828$460$249$91
45 years$2,343$1,380$778$424$226$80
46 years$2,266$1,316$731$392$205$71
47 years$2,193$1,256$686$362$187$63
48 years$2,123$1,199$645$335$169$55
49 years$2,056$1,145$606$309$154$49
50 years$1,992$1,094$570$286$140$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,040,000, adding $3,835 every year, while hoping to spend $43,972 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: 58/14/28 Blend
56$2,040,000$2,040,000$2,040,000$2,040,000
57$2,252,036$2,143,916$2,112,296$2,365,225
58$2,434,958$2,202,182$2,136,272$2,501,462
59$2,635,064$2,261,829$2,159,577$2,644,977
60$2,854,060$2,322,879$2,182,143$2,800,561
61$3,093,827$2,385,352$2,203,897$2,969,398
62$3,356,432$2,449,269$2,224,763$3,152,792
63$3,644,154$2,514,650$2,244,658$3,352,177
64$3,959,503$2,581,513$2,263,500$3,569,138
65$4,305,242$2,649,877$2,281,197$3,805,415
66$4,684,416$2,719,760$2,297,656$4,062,932
67$5,100,377$2,791,178$2,312,778$4,343,804
68$5,556,817$2,864,148$2,326,458$4,650,365
69$6,057,805$2,938,684$2,338,587$4,985,184
70$6,607,821$3,014,799$2,349,049$5,351,094
71$7,211,799$3,092,505$2,357,723$5,751,216
72$7,875,179$3,171,813$2,364,483$6,188,991
73$8,603,947$3,252,733$2,369,193$6,668,210
74$9,404,704$3,335,271$2,371,715$7,193,049
75$10,284,717$3,419,432$2,371,901$7,768,115
76$11,251,994$3,505,220$2,369,596$8,398,480
77$12,315,358$3,592,637$2,364,638$9,089,737
78$13,484,529$3,681,680$2,356,857$9,848,050
79$14,770,214$3,772,346$2,346,075$10,680,210
80$16,184,213$3,864,628$2,332,106$11,593,705
81$17,739,524$3,958,516$2,314,753$12,596,784
82$19,450,469$4,053,997$2,293,810$13,698,540
83$21,332,828$4,151,054$2,269,064$14,908,996
84$23,403,988$4,249,667$2,240,289$16,239,195
85$25,683,105$4,349,811$2,207,249$17,701,310
86$28,191,287$4,451,457$2,169,698$19,308,758
87$30,951,792$4,554,572$2,127,376$21,076,323
88$33,990,245$4,659,117$2,080,014$23,020,302
89$37,334,884$4,765,047$2,027,328$25,158,654
90$41,016,822$4,872,314$1,969,023$27,511,173
91$45,070,341$4,980,861$1,904,789$30,099,673
92$49,533,218$5,090,625$1,834,302$32,948,197
93$54,447,079$5,201,538$1,757,223$36,083,243
94$59,857,789$5,313,522$1,673,198$39,534,012
95$65,815,891$5,426,491$1,581,857$43,332,690
96$72,377,076$5,540,354$1,482,814$47,514,748
97$79,602,713$5,655,006$1,375,663$52,119,278
98$87,560,425$5,770,337$1,259,983$57,189,364
99$96,324,727$5,886,223$1,135,332$62,772,487
100$105,977,733$6,002,531$1,001,249$68,920,979