Can I retire at age 57 with 2,110,000?

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 $2,110,000?

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$174,242$172,690$171,176$169,698$168,254$166,636
2 years$86,258$84,652$83,095$81,585$80,121$78,491
3 years$56,934$55,321$53,768$52,273$50,832$49,240
4 years$42,275$40,667$39,129$37,659$36,254$34,713
5 years$33,482$31,883$30,366$28,926$27,560$26,074
6 years$27,622$26,035$24,540$23,132$21,807$20,379
7 years$23,438$21,864$20,393$19,018$17,735$16,365
8 years$20,301$18,742$17,295$15,954$14,713$13,400
9 years$17,862$16,318$14,896$13,589$12,390$11,135
10 years$15,913$14,383$12,987$11,714$10,557$9,359
11 years$14,319$12,805$11,433$10,195$9,080$7,937
12 years$12,991$11,493$10,147$8,942$7,868$6,780
13 years$11,869$10,386$9,065$7,895$6,861$5,826
14 years$10,908$9,441$8,145$7,008$6,014$5,031
15 years$10,076$8,624$7,354$6,250$5,296$4,363
16 years$9,348$7,913$6,668$5,596$4,680$3,797
17 years$8,707$7,287$6,067$5,028$4,150$3,314
18 years$8,137$6,734$5,539$4,531$3,690$2,899
19 years$7,629$6,241$5,070$4,094$3,289$2,542
20 years$7,171$5,799$4,653$3,708$2,938$2,234
21 years$6,758$5,402$4,280$3,365$2,629$1,965
22 years$6,383$5,042$3,945$3,060$2,356$1,732
23 years$6,041$4,716$3,642$2,787$2,115$1,528
24 years$5,728$4,419$3,369$2,542$1,901$1,350
25 years$5,440$4,147$3,120$2,321$1,711$1,193
26 years$5,175$3,897$2,894$2,122$1,541$1,056
27 years$4,930$3,668$2,687$1,943$1,389$935
28 years$4,703$3,456$2,498$1,780$1,254$828
29 years$4,492$3,260$2,324$1,632$1,132$734
30 years$4,295$3,079$2,165$1,498$1,023$651
31 years$4,111$2,911$2,019$1,376$925$578
32 years$3,940$2,754$1,883$1,264$837$513
33 years$3,779$2,608$1,758$1,163$757$456
34 years$3,627$2,472$1,643$1,070$685$405
35 years$3,485$2,345$1,536$985$621$360
36 years$3,351$2,225$1,437$907$562$320
37 years$3,225$2,114$1,345$836$510$284
38 years$3,105$2,009$1,260$770$462$253
39 years$2,992$1,910$1,180$710$419$225
40 years$2,885$1,817$1,106$655$380$200
41 years$2,783$1,730$1,037$604$345$178
42 years$2,686$1,647$973$558$313$158
43 years$2,594$1,570$913$515$284$141
44 years$2,507$1,496$857$475$258$125
45 years$2,424$1,427$805$439$234$111
46 years$2,344$1,361$756$406$212$99
47 years$2,268$1,299$710$375$193$88
48 years$2,196$1,240$667$346$175$79
49 years$2,126$1,184$627$320$159$70
50 years$2,060$1,131$590$296$145$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,110,000, adding $6,054 every year, while hoping to spend $53,550 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: 53/30/17 Blend
56$2,110,000$2,110,000$2,110,000$2,110,000
57$2,331,465$2,219,635$2,186,930$2,444,002
58$2,512,297$2,271,420$2,203,215$2,573,484
59$2,709,780$2,323,948$2,218,251$2,708,132
60$2,925,555$2,377,199$2,231,940$2,853,458
61$3,161,429$2,431,149$2,244,177$3,010,493
62$3,419,392$2,485,773$2,254,855$3,180,372
63$3,701,636$2,541,042$2,263,859$3,364,346
64$4,010,573$2,596,923$2,271,068$3,563,792
65$4,348,860$2,653,380$2,276,357$3,780,229
66$4,719,422$2,710,374$2,279,593$4,015,330
67$5,125,481$2,767,861$2,280,638$4,270,939
68$5,570,586$2,825,792$2,279,345$4,549,087
69$6,058,644$2,884,113$2,275,561$4,852,014
70$6,593,959$2,942,769$2,269,126$5,182,186
71$7,181,273$3,001,694$2,259,871$5,542,324
72$7,825,806$3,060,821$2,247,620$5,935,425
73$8,533,311$3,120,074$2,232,189$6,364,793
74$9,310,124$3,179,373$2,213,382$6,834,068
75$10,163,224$3,238,629$2,190,998$7,347,264
76$11,100,300$3,297,748$2,164,823$7,908,805
77$12,129,820$3,356,628$2,134,634$8,523,565
78$13,261,116$3,415,157$2,100,199$9,196,920
79$14,504,467$3,473,217$2,061,273$9,934,792
80$15,871,198$3,530,679$2,017,600$10,743,712
81$17,373,784$3,587,407$1,968,913$11,630,875
82$19,025,971$3,643,251$1,914,933$12,604,214
83$20,842,903$3,698,053$1,855,367$13,672,473
84$22,841,265$3,751,644$1,789,908$14,845,291
85$25,039,441$3,803,841$1,718,236$16,133,291
86$27,457,683$3,854,449$1,640,017$17,548,182
87$30,118,310$3,903,260$1,554,900$19,102,872
88$33,045,908$3,950,050$1,462,520$20,811,588
89$36,267,571$3,994,583$1,362,494$22,690,011
90$39,813,149$4,036,603$1,254,424$24,755,428
91$43,715,534$4,075,841$1,137,891$27,026,889
92$48,010,968$4,112,007$1,012,460$29,525,396
93$52,739,385$4,144,793$877,675$32,274,095
94$57,944,786$4,173,871$733,061$35,298,500
95$63,675,656$4,198,893$578,120$38,626,733
96$69,985,421$4,219,486$412,335$42,289,788
97$76,932,949$4,235,257$235,164$46,321,830
98$84,583,109$4,245,784$46,042$50,760,516
99$93,007,381$4,250,621$0$55,647,349
100$102,284,527$4,249,295$0$61,056,333