Can I retire at age 57 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$175,893$174,327$172,798$171,306$169,849$165,878
2 years$87,076$85,454$83,883$82,359$80,881$76,902
3 years$57,474$55,845$54,278$52,768$51,314$47,453
4 years$42,676$41,052$39,500$38,016$36,598$32,883
5 years$33,799$32,185$30,654$29,200$27,821$24,264
6 years$27,884$26,282$24,773$23,352$22,014$18,618
7 years$23,660$22,071$20,586$19,199$17,903$14,668
8 years$20,493$18,919$17,459$16,105$14,852$11,778
9 years$18,032$16,473$15,037$13,718$12,508$9,591
10 years$16,064$14,520$13,110$11,825$10,657$7,895
11 years$14,455$12,926$11,542$10,291$9,166$6,554
12 years$13,115$11,602$10,243$9,027$7,943$5,478
13 years$11,982$10,485$9,151$7,969$6,926$4,603
14 years$11,011$9,530$8,223$7,074$6,071$3,885
15 years$10,171$8,706$7,424$6,309$5,346$3,291
16 years$9,437$7,988$6,731$5,649$4,725$2,797
17 years$8,789$7,356$6,125$5,076$4,189$2,383
18 years$8,215$6,798$5,591$4,574$3,725$2,034
19 years$7,701$6,300$5,118$4,133$3,320$1,740
20 years$7,239$5,854$4,697$3,743$2,966$1,490
21 years$6,822$5,453$4,321$3,397$2,654$1,278
22 years$6,443$5,090$3,982$3,089$2,379$1,097
23 years$6,098$4,761$3,677$2,813$2,135$943
24 years$5,782$4,460$3,400$2,566$1,919$811
25 years$5,491$4,186$3,150$2,343$1,727$698
26 years$5,224$3,934$2,921$2,143$1,556$601
27 years$4,977$3,702$2,712$1,961$1,403$518
28 years$4,747$3,489$2,522$1,797$1,266$446
29 years$4,534$3,291$2,347$1,648$1,143$385
30 years$4,336$3,108$2,186$1,512$1,033$332
31 years$4,150$2,938$2,038$1,389$934$286
32 years$3,977$2,780$1,901$1,276$844$247
33 years$3,815$2,633$1,775$1,174$764$213
34 years$3,662$2,495$1,659$1,080$692$184
35 years$3,518$2,367$1,551$994$627$159
36 years$3,383$2,247$1,451$916$568$137
37 years$3,255$2,134$1,358$844$515$119
38 years$3,135$2,028$1,271$778$467$103
39 years$3,020$1,928$1,191$717$423$89
40 years$2,912$1,835$1,117$661$384$76
41 years$2,809$1,746$1,047$610$348$66
42 years$2,712$1,663$982$563$316$57
43 years$2,619$1,585$922$520$287$49
44 years$2,531$1,510$865$480$260$43
45 years$2,447$1,440$812$443$236$37
46 years$2,366$1,374$763$409$215$32
47 years$2,290$1,311$717$378$195$28
48 years$2,217$1,252$674$350$177$24
49 years$2,147$1,195$633$323$161$21
50 years$2,080$1,142$595$299$146$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,130,000, adding $5,569 every year, while hoping to spend $51,022 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: 66/7/27 Blend
56$2,130,000$2,130,000$2,130,000$2,130,000
57$2,353,004$2,240,114$2,207,099$2,491,300
58$2,538,724$2,295,593$2,226,750$2,640,725
59$2,741,677$2,352,080$2,245,349$2,797,811
60$2,963,567$2,409,571$2,262,808$2,968,430
61$3,206,270$2,468,060$2,279,031$3,153,920
62$3,471,852$2,527,537$2,293,922$3,355,756
63$3,762,588$2,587,993$2,307,375$3,575,562
64$4,080,982$2,649,415$2,319,282$3,815,128
65$4,429,793$2,711,787$2,329,528$4,076,429
66$4,812,057$2,775,090$2,337,993$4,361,637
67$5,231,121$2,839,303$2,344,549$4,673,150
68$5,690,668$2,904,402$2,349,065$5,013,609
69$6,194,758$2,970,359$2,351,400$5,385,924
70$6,747,860$3,037,143$2,351,408$5,793,304
71$7,354,896$3,104,718$2,348,936$6,239,284
72$8,021,292$3,173,046$2,343,821$6,727,761
73$8,753,020$3,242,081$2,335,895$7,263,030
74$9,556,661$3,311,776$2,324,981$7,849,823
75$10,439,464$3,382,077$2,310,892$8,493,359
76$11,409,417$3,452,926$2,293,434$9,199,387
77$12,475,316$3,524,258$2,272,402$9,974,245
78$13,646,854$3,596,003$2,247,584$10,824,916
79$14,934,710$3,668,083$2,218,754$11,759,101
80$16,350,646$3,740,416$2,185,679$12,785,284
81$17,907,626$3,812,909$2,148,112$13,912,816
82$19,619,927$3,885,465$2,105,797$15,152,006
83$21,503,283$3,957,976$2,058,465$16,514,212
84$23,575,028$4,030,328$2,005,834$18,011,957
85$25,854,262$4,102,394$1,947,610$19,659,039
86$28,362,026$4,174,041$1,883,485$21,470,669
87$31,121,507$4,245,124$1,813,136$23,463,609
88$34,158,252$4,315,486$1,736,227$25,656,335
89$37,500,409$4,384,960$1,652,406$28,069,210
90$41,178,993$4,453,366$1,561,304$30,724,677
91$45,228,179$4,520,510$1,462,537$33,647,469
92$49,685,624$4,586,185$1,355,703$36,864,848
93$54,592,820$4,650,170$1,240,380$40,406,860
94$59,995,486$4,712,227$1,116,132$44,306,617
95$65,944,001$4,772,102$982,498$48,600,614
96$72,493,878$4,829,523$839,000$53,329,075
97$79,706,285$4,884,202$685,138$58,536,327
98$87,648,626$4,935,827$520,390$64,271,226
99$96,395,173$4,984,070$344,210$70,587,617
100$106,027,768$5,028,577$156,029$77,544,840