Can I retire at age 57 with 2,120,000?

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 $2,120,000?

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$175,068$173,508$171,987$170,502$169,052$163,575
2 years$86,667$85,053$83,489$81,972$80,501$75,034
3 years$57,204$55,583$54,023$52,520$51,073$45,789
4 years$42,476$40,859$39,315$37,838$36,426$31,364
5 years$33,641$32,034$30,510$29,063$27,690$22,864
6 years$27,753$26,158$24,656$23,242$21,910$17,324
7 years$23,549$21,968$20,490$19,109$17,819$13,472
8 years$20,397$18,830$17,377$16,030$14,783$10,672
9 years$17,947$16,395$14,967$13,654$12,449$8,570
10 years$15,988$14,452$13,048$11,770$10,607$6,954
11 years$14,387$12,865$11,488$10,243$9,123$5,689
12 years$13,053$11,547$10,195$8,985$7,905$4,683
13 years$11,925$10,435$9,108$7,932$6,894$3,874
14 years$10,960$9,486$8,184$7,041$6,043$3,219
15 years$10,123$8,665$7,389$6,280$5,321$2,683
16 years$9,392$7,950$6,699$5,623$4,702$2,243
17 years$8,748$7,322$6,096$5,052$4,170$1,879
18 years$8,176$6,766$5,565$4,553$3,707$1,577
19 years$7,665$6,270$5,094$4,114$3,304$1,325
20 years$7,205$5,827$4,675$3,726$2,952$1,116
21 years$6,790$5,427$4,300$3,381$2,641$940
22 years$6,413$5,066$3,964$3,075$2,368$793
23 years$6,069$4,738$3,660$2,800$2,125$669
24 years$5,755$4,440$3,385$2,554$1,910$565
25 years$5,466$4,166$3,135$2,332$1,719$477
26 years$5,199$3,916$2,907$2,132$1,548$404
27 years$4,953$3,685$2,700$1,952$1,396$341
28 years$4,725$3,472$2,510$1,788$1,260$289
29 years$4,513$3,276$2,336$1,640$1,137$244
30 years$4,315$3,094$2,175$1,505$1,028$207
31 years$4,131$2,925$2,028$1,382$929$175
32 years$3,958$2,767$1,892$1,270$840$148
33 years$3,797$2,621$1,767$1,168$761$126
34 years$3,645$2,484$1,651$1,075$689$106
35 years$3,502$2,356$1,543$989$624$90
36 years$3,367$2,236$1,444$911$565$76
37 years$3,240$2,124$1,351$840$512$65
38 years$3,120$2,018$1,266$774$464$55
39 years$3,006$1,919$1,186$714$421$46
40 years$2,898$1,826$1,111$658$382$39
41 years$2,796$1,738$1,042$607$347$33
42 years$2,699$1,655$977$560$314$28
43 years$2,607$1,577$917$517$285$24
44 years$2,519$1,503$861$478$259$20
45 years$2,435$1,434$808$441$235$17
46 years$2,355$1,368$759$407$214$15
47 years$2,279$1,305$713$376$194$12
48 years$2,206$1,246$670$348$176$10
49 years$2,137$1,190$630$321$160$9
50 years$2,070$1,137$592$297$145$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,120,000, adding $4,521 every year, while hoping to spend $22,347 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: 54/27/19 Blend
56$2,120,000$2,120,000$2,120,000$2,120,000
57$2,340,903$2,228,543$2,195,683$2,455,022
58$2,555,899$2,313,965$2,245,462$2,619,054
59$2,792,074$2,402,823$2,296,159$2,794,776
60$3,051,567$2,495,263$2,347,781$2,985,571
61$3,336,732$2,591,435$2,400,337$3,192,885
62$3,650,161$2,691,498$2,453,830$3,418,307
63$3,994,712$2,795,616$2,508,268$3,663,585
64$4,373,532$2,903,961$2,563,655$3,930,641
65$4,790,090$3,016,713$2,619,996$4,221,592
66$5,248,207$3,134,060$2,677,293$4,538,765
67$5,752,091$3,256,196$2,735,549$4,884,720
68$6,306,382$3,383,327$2,794,768$5,262,277
69$6,916,189$3,515,666$2,854,948$5,674,537
70$7,587,142$3,653,436$2,916,091$6,124,914
71$8,325,447$3,796,870$2,978,196$6,617,165
72$9,137,937$3,946,211$3,041,261$7,155,427
73$10,032,145$4,101,714$3,105,282$7,744,253
74$11,016,370$4,263,644$3,170,254$8,388,657
75$12,099,756$4,432,279$3,236,174$9,094,156
76$13,292,378$4,607,907$3,303,032$9,866,829
77$14,605,338$4,790,833$3,370,822$10,713,364
78$16,050,870$4,981,371$3,439,532$11,641,131
79$17,642,454$5,179,854$3,509,152$12,658,242
80$19,394,943$5,386,625$3,579,667$13,773,631
81$21,324,704$5,602,046$3,651,062$14,997,137
82$23,449,772$5,826,495$3,723,321$16,339,596
83$25,790,020$6,060,365$3,796,424$17,812,943
84$28,367,348$6,304,068$3,870,350$19,430,320
85$31,205,885$6,558,035$3,945,074$21,206,207
86$34,332,223$6,822,716$4,020,572$23,156,548
87$37,775,662$7,098,582$4,096,813$25,298,907
88$41,568,491$7,386,124$4,173,768$27,652,633
89$45,746,289$7,685,856$4,251,402$30,239,037
90$50,348,264$7,998,317$4,329,677$33,081,596
91$55,417,620$8,324,067$4,408,554$36,206,170
92$61,001,966$8,663,695$4,487,989$39,641,249
93$67,153,765$9,017,815$4,567,936$43,418,218
94$73,930,830$9,387,069$4,648,343$47,571,652
95$81,396,868$9,772,128$4,729,156$52,139,643
96$89,622,083$10,173,697$4,810,316$57,164,153
97$98,683,836$10,592,508$4,891,762$62,691,415
98$108,667,376$11,029,330$4,973,426$68,772,365
99$119,666,649$11,484,968$5,055,235$75,463,120
100$131,785,176$11,960,260$5,137,114$82,825,508