Can I retire at age 57 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$180,022$178,419$176,854$175,327$173,836$171,735
2 years$89,120$87,460$85,852$84,292$82,779$80,665
3 years$58,823$57,156$55,552$54,007$52,519$50,456
4 years$43,678$42,016$40,427$38,909$37,457$35,463
5 years$34,593$32,941$31,373$29,886$28,474$26,554
6 years$28,538$26,899$25,354$23,900$22,530$20,687
7 years$24,215$22,590$21,070$19,649$18,323$16,557
8 years$20,974$19,363$17,869$16,483$15,201$13,511
9 years$18,455$16,859$15,390$14,040$12,801$11,188
10 years$16,441$14,861$13,418$12,103$10,907$9,369
11 years$14,794$13,230$11,813$10,533$9,381$7,916
12 years$13,422$11,874$10,483$9,239$8,129$6,736
13 years$12,263$10,731$9,366$8,157$7,089$5,766
14 years$11,270$9,754$8,416$7,240$6,214$4,960
15 years$10,410$8,910$7,598$6,457$5,471$4,284
16 years$9,658$8,175$6,889$5,782$4,836$3,712
17 years$8,996$7,529$6,269$5,195$4,288$3,226
18 years$8,407$6,957$5,722$4,682$3,812$2,811
19 years$7,882$6,448$5,239$4,230$3,398$2,454
20 years$7,409$5,992$4,808$3,831$3,035$2,147
21 years$6,982$5,581$4,422$3,477$2,716$1,880
22 years$6,594$5,210$4,076$3,162$2,435$1,650
23 years$6,241$4,872$3,763$2,879$2,185$1,449
24 years$5,918$4,565$3,480$2,626$1,964$1,274
25 years$5,620$4,284$3,223$2,398$1,768$1,121
26 years$5,347$4,026$2,990$2,193$1,592$987
27 years$5,093$3,789$2,776$2,007$1,435$870
28 years$4,859$3,571$2,581$1,839$1,295$767
29 years$4,641$3,369$2,402$1,686$1,170$677
30 years$4,438$3,181$2,237$1,548$1,057$597
31 years$4,248$3,007$2,086$1,421$955$527
32 years$4,070$2,846$1,946$1,306$864$466
33 years$3,904$2,695$1,817$1,201$782$412
34 years$3,748$2,554$1,698$1,105$708$364
35 years$3,601$2,422$1,587$1,017$641$322
36 years$3,462$2,299$1,485$937$581$284
37 years$3,332$2,184$1,390$863$527$252
38 years$3,208$2,075$1,301$796$478$223
39 years$3,091$1,973$1,219$734$433$197
40 years$2,980$1,878$1,143$677$393$174
41 years$2,875$1,787$1,072$624$356$154
42 years$2,775$1,702$1,005$576$323$136
43 years$2,681$1,622$943$532$293$121
44 years$2,590$1,546$885$491$266$107
45 years$2,504$1,474$831$454$242$95
46 years$2,422$1,406$781$419$220$84
47 years$2,344$1,342$734$387$199$74
48 years$2,269$1,281$689$358$181$66
49 years$2,197$1,223$648$331$164$58
50 years$2,128$1,169$609$306$149$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,180,000, adding $2,973 every year, while hoping to spend $47,045 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: 65/22/13 Blend
56$2,180,000$2,180,000$2,180,000$2,180,000
57$2,405,427$2,289,887$2,256,097$2,554,335
58$2,600,725$2,352,036$2,281,620$2,716,325
59$2,814,366$2,415,653$2,306,422$2,887,499
60$3,048,173$2,480,761$2,330,429$3,073,358
61$3,304,150$2,547,382$2,353,562$3,275,334
62$3,584,507$2,615,537$2,375,739$3,495,003
63$3,891,675$2,685,247$2,396,875$3,734,100
64$4,228,332$2,756,531$2,416,877$3,994,536
65$4,597,430$2,829,409$2,435,650$4,278,416
66$5,002,217$2,903,898$2,453,093$4,588,059
67$5,446,271$2,980,017$2,469,100$4,926,017
68$5,933,534$3,057,781$2,483,558$5,295,102
69$6,468,347$3,137,206$2,496,350$5,698,412
70$7,055,494$3,218,305$2,507,354$6,139,361
71$7,700,243$3,301,090$2,516,438$6,621,706
72$8,408,396$3,385,571$2,523,467$7,149,589
73$9,186,346$3,471,758$2,528,297$7,727,572
74$10,041,137$3,559,658$2,530,778$8,360,682
75$10,980,526$3,649,274$2,530,753$9,054,456
76$12,013,062$3,740,611$2,528,055$9,814,995
77$13,148,161$3,833,668$2,522,512$10,649,022
78$14,396,198$3,928,442$2,513,940$11,563,942
79$15,768,602$4,024,928$2,502,150$12,567,917
80$17,277,968$4,123,117$2,486,940$13,669,939
81$18,938,169$4,222,998$2,468,101$14,879,915
82$20,764,493$4,324,556$2,445,413$16,208,762
83$22,773,783$4,427,771$2,418,646$17,668,510
84$24,984,597$4,532,620$2,387,559$19,272,415
85$27,417,383$4,639,075$2,351,899$21,035,084
86$30,094,669$4,747,103$2,311,401$22,972,611
87$33,041,282$4,856,668$2,265,789$25,102,732
88$36,284,573$4,967,725$2,214,773$27,444,993
89$39,854,682$5,080,226$2,158,051$30,020,929
90$43,784,818$5,194,115$2,095,304$32,854,274
91$48,111,574$5,309,331$2,026,201$35,971,182
92$52,875,271$5,425,805$1,950,396$39,400,470
93$58,120,340$5,543,461$1,867,525$43,173,900
94$63,895,737$5,662,213$1,777,209$47,326,468
95$70,255,408$5,781,968$1,679,052$51,896,742
96$77,258,799$5,902,623$1,572,640$56,927,224
97$84,971,412$6,024,067$1,457,539$62,464,748
98$93,465,426$6,146,177$1,333,296$68,560,929
99$102,820,378$6,268,818$1,199,440$75,272,644
100$113,123,912$6,391,845$1,055,477$82,662,573