Can I retire at age 57 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$177,545$175,964$174,421$172,915$171,444$166,557
2 years$87,894$86,257$84,670$83,132$81,640$76,754
3 years$58,014$56,370$54,787$53,263$51,796$47,065
4 years$43,077$41,438$39,871$38,373$36,941$32,401
5 years$34,117$32,488$30,942$29,474$28,082$23,745
6 years$28,145$26,529$25,005$23,571$22,220$18,091
7 years$23,882$22,279$20,780$19,379$18,071$14,149
8 years$20,686$19,097$17,623$16,257$14,992$11,274
9 years$18,201$16,627$15,178$13,847$12,625$9,109
10 years$16,215$14,656$13,233$11,936$10,757$7,438
11 years$14,590$13,048$11,650$10,388$9,252$6,123
12 years$13,238$11,711$10,339$9,112$8,017$5,074
13 years$12,094$10,583$9,237$8,044$6,991$4,227
14 years$11,115$9,620$8,300$7,141$6,128$3,536
15 years$10,267$8,788$7,494$6,368$5,396$2,968
16 years$9,525$8,063$6,794$5,702$4,769$2,499
17 years$8,872$7,425$6,182$5,123$4,229$2,109
18 years$8,292$6,861$5,644$4,617$3,760$1,783
19 years$7,773$6,359$5,166$4,172$3,351$1,510
20 years$7,307$5,909$4,742$3,779$2,993$1,281
21 years$6,886$5,504$4,361$3,429$2,679$1,088
22 years$6,504$5,138$4,020$3,118$2,401$924
23 years$6,155$4,805$3,711$2,840$2,155$786
24 years$5,836$4,502$3,432$2,590$1,937$669
25 years$5,543$4,225$3,179$2,365$1,743$570
26 years$5,273$3,971$2,948$2,163$1,570$486
27 years$5,023$3,737$2,738$1,980$1,416$414
28 years$4,792$3,522$2,545$1,814$1,277$353
29 years$4,577$3,322$2,369$1,663$1,153$301
30 years$4,376$3,137$2,206$1,526$1,042$257
31 years$4,189$2,966$2,057$1,402$942$220
32 years$4,014$2,806$1,919$1,288$852$187
33 years$3,850$2,658$1,792$1,185$771$160
34 years$3,696$2,519$1,674$1,090$698$137
35 years$3,551$2,389$1,565$1,003$633$117
36 years$3,415$2,268$1,464$924$573$100
37 years$3,286$2,154$1,370$852$519$85
38 years$3,164$2,047$1,283$785$471$73
39 years$3,049$1,946$1,202$724$427$62
40 years$2,939$1,852$1,127$667$387$53
41 years$2,836$1,763$1,057$616$351$45
42 years$2,737$1,679$991$568$319$39
43 years$2,644$1,599$930$525$289$33
44 years$2,555$1,525$873$484$263$28
45 years$2,470$1,454$820$447$238$24
46 years$2,389$1,387$770$413$217$21
47 years$2,311$1,324$723$382$197$18
48 years$2,237$1,264$680$353$179$15
49 years$2,167$1,207$639$326$162$13
50 years$2,099$1,153$601$301$147$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,150,000, adding $2,718 every year, while hoping to spend $20,307 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: 75/7/18 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,372,104$2,258,154$2,224,829$2,540,004
58$2,592,452$2,347,197$2,277,754$2,740,604
59$2,834,595$2,439,922$2,331,772$2,957,651
60$3,100,734$2,536,489$2,386,897$3,195,022
61$3,393,296$2,637,064$2,443,144$3,454,735
62$3,714,952$2,741,820$2,500,530$3,739,016
63$4,068,646$2,850,938$2,559,067$4,050,312
64$4,457,622$2,964,609$2,618,770$4,391,323
65$4,885,454$3,083,029$2,679,653$4,765,018
66$5,356,080$3,206,407$2,741,731$5,174,671
67$5,873,837$3,334,957$2,805,015$5,623,884
68$6,443,505$3,468,907$2,869,520$6,116,628
69$7,070,352$3,608,493$2,935,258$6,657,276
70$7,760,179$3,753,960$3,002,241$7,250,643
71$8,519,382$3,905,569$3,070,480$7,902,036
72$9,355,004$4,063,587$3,139,987$8,617,299
73$10,274,809$4,228,298$3,210,771$9,402,871
74$11,287,351$4,399,995$3,282,843$10,265,845
75$12,402,054$4,578,988$3,356,212$11,214,036
76$13,629,304$4,765,599$3,430,885$12,256,051
77$14,980,544$4,960,164$3,506,871$13,401,375
78$16,468,383$5,163,036$3,584,174$14,660,458
79$18,106,716$5,374,583$3,662,803$16,044,810
80$19,910,854$5,595,190$3,742,759$17,567,116
81$21,897,667$5,825,261$3,824,048$19,241,349
82$24,085,747$6,065,216$3,906,671$21,082,906
83$26,495,578$6,315,496$3,990,629$23,108,751
84$29,149,733$6,576,562$4,075,922$25,337,575
85$32,073,088$6,848,896$4,162,548$27,789,972
86$35,293,054$7,133,002$4,250,503$30,488,632
87$38,839,833$7,429,408$4,339,783$33,458,559
88$42,746,711$7,738,664$4,430,381$36,727,300
89$47,050,365$8,061,347$4,522,288$40,325,210
90$51,791,211$8,398,063$4,615,494$44,285,737
91$57,013,788$8,749,441$4,709,986$48,645,735
92$62,767,174$9,116,143$4,805,750$53,445,812
93$69,105,451$9,498,859$4,902,768$58,730,717
94$76,088,217$9,898,313$5,001,021$64,549,757
95$83,781,147$10,315,262$5,100,486$70,957,262
96$92,256,611$10,750,497$5,201,140$78,013,102
97$101,594,361$11,204,847$5,302,954$85,783,245
98$111,882,280$11,679,179$5,405,897$94,340,387
99$123,217,214$12,174,400$5,509,936$103,764,631
100$135,705,883$12,691,460$5,615,032$114,144,244