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%15.1%
1 years$177,545$175,964$174,421$172,915$171,444$167,845
2 years$87,894$86,257$84,670$83,132$81,640$78,031
3 years$58,014$56,370$54,787$53,263$51,796$48,290
4 years$43,077$41,438$39,871$38,373$36,941$33,565
5 years$34,117$32,488$30,942$29,474$28,082$24,845
6 years$28,145$26,529$25,005$23,571$22,220$19,126
7 years$23,882$22,279$20,780$19,379$18,071$15,120
8 years$20,686$19,097$17,623$16,257$14,992$12,183
9 years$18,201$16,627$15,178$13,847$12,625$9,957
10 years$16,215$14,656$13,233$11,936$10,757$8,226
11 years$14,590$13,048$11,650$10,388$9,252$6,855
12 years$13,238$11,711$10,339$9,112$8,017$5,752
13 years$12,094$10,583$9,237$8,044$6,991$4,853
14 years$11,115$9,620$8,300$7,141$6,128$4,113
15 years$10,267$8,788$7,494$6,368$5,396$3,499
16 years$9,525$8,063$6,794$5,702$4,769$2,986
17 years$8,872$7,425$6,182$5,123$4,229$2,555
18 years$8,292$6,861$5,644$4,617$3,760$2,190
19 years$7,773$6,359$5,166$4,172$3,351$1,882
20 years$7,307$5,909$4,742$3,779$2,993$1,619
21 years$6,886$5,504$4,361$3,429$2,679$1,395
22 years$6,504$5,138$4,020$3,118$2,401$1,203
23 years$6,155$4,805$3,711$2,840$2,155$1,039
24 years$5,836$4,502$3,432$2,590$1,937$898
25 years$5,543$4,225$3,179$2,365$1,743$776
26 years$5,273$3,971$2,948$2,163$1,570$672
27 years$5,023$3,737$2,738$1,980$1,416$582
28 years$4,792$3,522$2,545$1,814$1,277$504
29 years$4,577$3,322$2,369$1,663$1,153$437
30 years$4,376$3,137$2,206$1,526$1,042$378
31 years$4,189$2,966$2,057$1,402$942$328
32 years$4,014$2,806$1,919$1,288$852$285
33 years$3,850$2,658$1,792$1,185$771$247
34 years$3,696$2,519$1,674$1,090$698$214
35 years$3,551$2,389$1,565$1,003$633$186
36 years$3,415$2,268$1,464$924$573$161
37 years$3,286$2,154$1,370$852$519$140
38 years$3,164$2,047$1,283$785$471$122
39 years$3,049$1,946$1,202$724$427$106
40 years$2,939$1,852$1,127$667$387$92
41 years$2,836$1,763$1,057$616$351$80
42 years$2,737$1,679$991$568$319$69
43 years$2,644$1,599$930$525$289$60
44 years$2,555$1,525$873$484$263$52
45 years$2,470$1,454$820$447$238$45
46 years$2,389$1,387$770$413$217$39
47 years$2,311$1,324$723$382$197$34
48 years$2,237$1,264$680$353$179$30
49 years$2,167$1,207$639$326$162$26
50 years$2,099$1,153$601$301$147$22

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 $6,893 every year, while hoping to spend $52,772 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: 43/50/7 Blend
56$2,150,000$2,150,000$2,150,000$2,150,000
57$2,376,410$2,262,460$2,229,135$2,473,510
58$2,562,655$2,317,172$2,247,662$2,596,273
59$2,766,128$2,372,795$2,265,041$2,723,248
60$2,988,531$2,429,320$2,281,178$2,859,580
61$3,231,737$2,486,733$2,295,973$3,006,142
62$3,497,809$2,545,018$2,309,323$3,163,896
63$3,789,018$2,604,156$2,321,118$3,333,901
64$4,107,865$2,664,127$2,331,243$3,517,324
65$4,457,105$2,724,906$2,339,576$3,715,446
66$4,839,768$2,786,466$2,345,991$3,929,683
67$5,259,197$2,848,775$2,350,355$4,161,590
68$5,719,070$2,911,799$2,352,526$4,412,884
69$6,223,437$2,975,500$2,352,358$4,685,453
70$6,776,762$3,039,834$2,349,696$4,981,378
71$7,383,961$3,104,754$2,344,380$5,302,953
72$8,050,446$3,170,209$2,336,238$5,652,703
73$8,782,183$3,236,140$2,325,093$6,033,411
74$9,585,740$3,302,486$2,310,759$6,448,145
75$10,468,356$3,369,177$2,293,039$6,900,285
76$11,438,001$3,436,140$2,271,728$7,393,553
77$12,503,459$3,503,293$2,246,613$7,932,054
78$13,674,406$3,570,548$2,217,469$8,520,311
79$14,961,500$3,637,810$2,184,059$9,163,308
80$16,376,485$3,704,975$2,146,137$9,866,538
81$17,932,300$3,771,932$2,103,446$10,636,054
82$19,643,199$3,838,561$2,055,715$11,478,529
83$21,524,885$3,904,731$2,002,662$12,401,316
84$23,594,664$3,970,303$1,943,992$13,412,521
85$25,871,598$4,035,126$1,879,394$14,521,076
86$28,376,694$4,099,040$1,808,546$15,736,827
87$31,133,094$4,161,870$1,731,110$17,070,625
88$34,166,300$4,223,432$1,646,732$18,534,432
89$37,504,407$4,283,525$1,555,043$20,141,430
90$41,178,376$4,341,937$1,455,656$21,906,151
91$45,222,318$4,398,440$1,348,168$23,844,610
92$49,673,820$4,452,789$1,232,158$25,974,460
93$54,574,298$4,504,724$1,107,184$28,315,159
94$59,969,389$4,553,967$972,786$30,888,152
95$65,909,376$4,600,222$828,484$33,717,077
96$72,449,670$4,643,170$673,776$36,827,989
97$79,651,327$4,682,476$508,138$40,249,605
98$87,581,624$4,717,779$331,022$44,013,578
99$96,314,696$4,748,696$141,858$48,154,795
100$105,932,233$4,774,821$0$52,711,709