Can I retire at age 57 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$170,939$169,416$167,930$166,481$165,065$159,717
2 years$84,623$83,047$81,520$80,039$78,602$73,265
3 years$55,855$54,272$52,749$51,282$49,868$44,709
4 years$41,474$39,896$38,387$36,945$35,567$30,624
5 years$32,847$31,279$29,790$28,378$27,037$22,325
6 years$27,098$25,541$24,075$22,694$21,394$16,916
7 years$22,993$21,450$20,006$18,658$17,399$13,155
8 years$19,916$18,386$16,967$15,652$14,434$10,421
9 years$17,524$16,009$14,614$13,332$12,155$8,368
10 years$15,611$14,111$12,741$11,492$10,357$6,790
11 years$14,047$12,562$11,217$10,002$8,907$5,554
12 years$12,745$11,275$9,954$8,773$7,719$4,572
13 years$11,644$10,189$8,894$7,745$6,731$3,783
14 years$10,701$9,262$7,991$6,875$5,900$3,143
15 years$9,885$8,461$7,215$6,131$5,195$2,620
16 years$9,171$7,763$6,541$5,490$4,592$2,190
17 years$8,542$7,149$5,952$4,933$4,071$1,834
18 years$7,983$6,606$5,434$4,445$3,620$1,540
19 years$7,484$6,122$4,974$4,017$3,226$1,294
20 years$7,035$5,689$4,565$3,638$2,882$1,089
21 years$6,630$5,299$4,199$3,302$2,579$918
22 years$6,262$4,947$3,870$3,002$2,312$774
23 years$5,926$4,627$3,573$2,734$2,075$653
24 years$5,619$4,335$3,305$2,494$1,865$552
25 years$5,337$4,068$3,061$2,277$1,678$466
26 years$5,077$3,823$2,839$2,082$1,512$394
27 years$4,836$3,598$2,636$1,906$1,363$333
28 years$4,614$3,391$2,451$1,746$1,230$282
29 years$4,407$3,199$2,280$1,601$1,111$239
30 years$4,214$3,021$2,124$1,470$1,003$202
31 years$4,034$2,856$1,980$1,350$907$171
32 years$3,865$2,702$1,848$1,240$821$145
33 years$3,707$2,559$1,725$1,141$743$123
34 years$3,559$2,425$1,612$1,050$672$104
35 years$3,419$2,300$1,507$966$609$88
36 years$3,288$2,183$1,410$890$552$74
37 years$3,164$2,074$1,320$820$500$63
38 years$3,046$1,971$1,236$756$453$53
39 years$2,935$1,874$1,158$697$411$45
40 years$2,830$1,783$1,085$643$373$38
41 years$2,730$1,697$1,017$593$338$33
42 years$2,635$1,616$954$547$307$28
43 years$2,545$1,540$896$505$279$23
44 years$2,459$1,468$841$466$253$20
45 years$2,378$1,400$789$431$230$17
46 years$2,300$1,335$741$398$208$14
47 years$2,225$1,274$697$368$189$12
48 years$2,154$1,217$655$340$172$10
49 years$2,086$1,162$615$314$156$9
50 years$2,021$1,110$578$290$142$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,070,000, adding $5,168 every year, while hoping to spend $47,165 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: 57/37/6 Blend
56$2,070,000$2,070,000$2,070,000$2,070,000
57$2,286,471$2,176,761$2,144,676$2,413,664
58$2,469,508$2,233,239$2,166,339$2,556,247
59$2,669,633$2,290,904$2,187,148$2,705,749
60$2,888,542$2,349,763$2,207,023$2,867,459
61$3,128,096$2,409,825$2,225,881$3,042,546
62$3,390,351$2,471,095$2,243,637$3,232,296
63$3,677,566$2,533,578$2,260,198$3,438,126
64$3,992,230$2,597,277$2,275,468$3,661,594
65$4,337,087$2,662,192$2,289,345$3,904,418
66$4,715,155$2,728,325$2,301,723$4,168,486
67$5,129,760$2,795,672$2,312,490$4,455,882
68$5,584,565$2,864,229$2,321,528$4,768,896
69$6,083,604$2,933,990$2,328,713$5,110,054
70$6,631,322$3,004,946$2,333,915$5,482,134
71$7,232,614$3,077,085$2,336,998$5,888,199
72$7,892,871$3,150,393$2,337,818$6,331,623
73$8,618,035$3,224,853$2,336,226$6,816,119
74$9,414,648$3,300,445$2,332,063$7,345,782
75$10,289,920$3,377,144$2,325,164$7,925,120
76$11,251,790$3,454,923$2,315,357$8,559,099
77$12,309,009$3,533,750$2,302,457$9,253,193
78$13,471,215$3,613,591$2,286,277$10,013,429
79$14,749,027$3,694,404$2,266,614$10,846,450
80$16,154,143$3,776,146$2,243,261$11,759,575
81$17,699,453$3,858,765$2,215,999$12,760,868
82$19,399,160$3,942,207$2,184,597$13,859,213
83$21,268,908$4,026,409$2,148,815$15,064,400
84$23,325,939$4,111,305$2,108,403$16,387,217
85$25,589,247$4,196,821$2,063,096$17,839,550
86$28,079,759$4,282,874$2,012,619$19,434,496
87$30,820,537$4,369,378$1,956,684$21,186,489
88$33,836,988$4,456,234$1,894,989$23,111,433
89$37,157,110$4,543,338$1,827,220$25,226,853
90$40,811,749$4,630,575$1,753,046$27,552,061
91$44,834,896$4,717,823$1,672,122$30,108,341
92$49,264,006$4,804,946$1,584,089$32,919,142
93$54,140,348$4,891,801$1,488,568$36,010,310
94$59,509,395$4,978,232$1,385,168$39,410,325
95$65,421,258$5,064,070$1,273,475$43,150,570
96$71,931,151$5,149,134$1,153,061$47,265,633
97$79,099,916$5,233,229$1,023,476$51,793,627
98$86,994,596$5,316,146$884,251$56,776,556
99$95,689,068$5,397,660$734,897$62,260,706
100$105,264,738$5,477,531$574,901$68,297,088