Can I retire at age 57 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$169,287$167,779$166,308$164,872$163,470$159,066
2 years$83,805$82,245$80,732$79,265$77,843$73,438
3 years$55,315$53,748$52,239$50,786$49,387$45,118
4 years$41,073$39,510$38,017$36,589$35,223$31,124
5 years$32,530$30,977$29,502$28,104$26,776$22,857
6 years$26,836$25,295$23,842$22,475$21,187$17,452
7 years$22,771$21,242$19,813$18,478$17,231$13,680
8 years$19,724$18,209$16,803$15,500$14,294$10,927
9 years$17,355$15,854$14,472$13,203$12,038$8,850
10 years$15,460$13,974$12,617$11,381$10,257$7,244
11 years$13,912$12,441$11,108$9,905$8,821$5,979
12 years$12,622$11,166$9,858$8,688$7,644$4,968
13 years$11,532$10,091$8,808$7,670$6,666$4,149
14 years$10,598$9,172$7,914$6,809$5,843$3,481
15 years$9,789$8,379$7,145$6,072$5,145$2,930
16 years$9,082$7,688$6,478$5,437$4,547$2,474
17 years$8,459$7,080$5,895$4,885$4,032$2,094
18 years$7,906$6,542$5,381$4,402$3,585$1,776
19 years$7,412$6,063$4,926$3,978$3,195$1,508
20 years$6,967$5,634$4,521$3,603$2,854$1,283
21 years$6,566$5,248$4,158$3,270$2,554$1,093
22 years$6,201$4,899$3,833$2,973$2,289$932
23 years$5,869$4,582$3,539$2,708$2,055$795
24 years$5,565$4,293$3,273$2,469$1,847$679
25 years$5,285$4,029$3,031$2,255$1,662$580
26 years$5,028$3,786$2,811$2,062$1,497$496
27 years$4,790$3,563$2,611$1,887$1,350$424
28 years$4,569$3,358$2,427$1,729$1,218$363
29 years$4,364$3,168$2,258$1,586$1,100$311
30 years$4,173$2,992$2,104$1,455$994$266
31 years$3,995$2,828$1,961$1,337$898$228
32 years$3,828$2,676$1,830$1,228$813$195
33 years$3,671$2,534$1,708$1,130$736$167
34 years$3,524$2,402$1,596$1,039$666$143
35 years$3,386$2,278$1,492$957$603$123
36 years$3,256$2,162$1,396$881$546$105
37 years$3,133$2,054$1,307$812$495$90
38 years$3,017$1,952$1,224$748$449$77
39 years$2,907$1,856$1,146$690$407$66
40 years$2,803$1,766$1,075$636$369$57
41 years$2,704$1,681$1,008$587$335$49
42 years$2,610$1,601$945$542$304$42
43 years$2,521$1,525$887$500$276$36
44 years$2,436$1,454$833$462$250$31
45 years$2,355$1,386$782$427$227$26
46 years$2,277$1,322$734$394$206$23
47 years$2,204$1,262$690$364$187$19
48 years$2,133$1,205$648$336$170$17
49 years$2,066$1,150$609$311$155$14
50 years$2,002$1,099$573$287$140$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,050,000, adding $6,152 every year, while hoping to spend $32,859 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: 55/18/27 Blend
56$2,050,000$2,050,000$2,050,000$2,050,000
57$2,265,446$2,156,796$2,125,021$2,372,840
58$2,461,560$2,227,517$2,161,247$2,518,222
59$2,676,576$2,300,602$2,197,586$2,672,565
60$2,912,387$2,376,133$2,234,006$2,839,999
61$3,171,080$2,454,193$2,270,475$3,021,795
62$3,454,951$2,534,869$2,306,956$3,219,352
63$3,766,530$2,618,251$2,343,413$3,434,209
64$4,108,603$2,704,433$2,379,805$3,668,063
65$4,484,242$2,793,512$2,416,090$3,922,781
66$4,896,828$2,885,587$2,452,222$4,200,418
67$5,350,086$2,980,762$2,488,153$4,503,239
68$5,848,120$3,079,145$2,523,831$4,833,738
69$6,395,452$3,180,847$2,559,203$5,194,661
70$6,997,063$3,285,983$2,594,212$5,589,033
71$7,658,440$3,394,673$2,628,795$6,020,185
72$8,385,630$3,507,041$2,662,888$6,491,787
73$9,185,293$3,623,215$2,696,424$7,007,883
74$10,064,768$3,743,327$2,729,329$7,572,924
75$11,032,141$3,867,516$2,761,527$8,191,817
76$12,096,319$3,995,925$2,792,939$8,869,965
77$13,267,119$4,128,701$2,823,478$9,613,321
78$14,555,356$4,265,998$2,853,055$10,428,446
79$15,972,945$4,407,974$2,881,575$11,322,565
80$17,533,016$4,554,795$2,908,938$12,303,638
81$19,250,035$4,706,632$2,935,039$13,380,437
82$21,139,942$4,863,661$2,959,767$14,562,627
83$23,220,302$5,026,066$2,983,005$15,860,854
84$25,510,467$5,194,037$3,004,630$17,286,851
85$28,031,763$5,367,773$3,024,512$18,853,544
86$30,807,686$5,547,477$3,042,517$20,575,175
87$33,864,129$5,733,363$3,058,500$22,467,438
88$37,229,622$5,925,649$3,072,312$24,547,625
89$40,935,603$6,124,565$3,083,794$26,834,790
90$45,016,713$6,330,348$3,092,780$29,349,927
91$49,511,126$6,543,243$3,099,096$32,116,172
92$54,460,904$6,763,505$3,102,559$35,159,015
93$59,912,398$6,991,399$3,102,977$38,506,547
94$65,916,684$7,227,199$3,100,148$42,189,720
95$72,530,043$7,471,189$3,093,860$46,242,642
96$79,814,496$7,723,665$3,083,893$50,702,897
97$87,838,384$7,984,934$3,070,012$55,611,899
98$96,677,017$8,255,314$3,051,976$61,015,288
99$106,413,383$8,535,135$3,029,527$66,963,352
100$117,138,930$8,824,738$3,002,398$73,511,510