Can I retire at age 57 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$180,848$179,237$177,666$176,132$174,634$167,837
2 years$89,529$87,861$86,245$84,679$83,159$76,394
3 years$59,093$57,418$55,807$54,254$52,759$46,239
4 years$43,878$42,209$40,613$39,087$37,628$31,402
5 years$34,751$33,092$31,517$30,023$28,605$22,687
6 years$28,669$27,022$25,471$24,009$22,634$17,030
7 years$24,326$22,693$21,166$19,739$18,407$13,116
8 years$21,071$19,452$17,951$16,559$15,271$10,286
9 years$18,540$16,937$15,461$14,105$12,860$8,174
10 years$16,516$14,929$13,479$12,158$10,957$6,562
11 years$14,862$13,290$11,867$10,581$9,424$5,309
12 years$13,484$11,929$10,531$9,281$8,166$4,321
13 years$12,319$10,780$9,409$8,194$7,121$3,534
14 years$11,321$9,799$8,454$7,274$6,242$2,901
15 years$10,458$8,951$7,633$6,487$5,496$2,389
16 years$9,703$8,213$6,920$5,808$4,858$1,972
17 years$9,037$7,564$6,297$5,219$4,307$1,632
18 years$8,446$6,989$5,749$4,703$3,830$1,352
19 years$7,918$6,477$5,263$4,250$3,414$1,122
20 years$7,443$6,019$4,830$3,849$3,049$932
21 years$7,014$5,607$4,442$3,493$2,729$775
22 years$6,625$5,234$4,094$3,176$2,446$645
23 years$6,270$4,895$3,780$2,892$2,195$537
24 years$5,945$4,586$3,496$2,638$1,973$448
25 years$5,646$4,304$3,238$2,409$1,776$373
26 years$5,371$4,045$3,003$2,203$1,599$311
27 years$5,117$3,807$2,789$2,016$1,442$260
28 years$4,881$3,587$2,593$1,847$1,301$217
29 years$4,662$3,384$2,413$1,694$1,175$181
30 years$4,458$3,196$2,247$1,555$1,062$151
31 years$4,267$3,021$2,095$1,428$960$126
32 years$4,089$2,859$1,955$1,312$868$105
33 years$3,922$2,707$1,825$1,207$786$88
34 years$3,765$2,566$1,705$1,110$711$73
35 years$3,617$2,434$1,594$1,022$644$61
36 years$3,478$2,310$1,491$941$584$51
37 years$3,347$2,194$1,396$867$529$43
38 years$3,223$2,085$1,307$799$480$36
39 years$3,105$1,983$1,225$737$435$30
40 years$2,994$1,886$1,148$680$395$25
41 years$2,888$1,795$1,076$627$358$21
42 years$2,788$1,710$1,010$579$325$17
43 years$2,693$1,629$948$534$295$15
44 years$2,602$1,553$889$493$268$12
45 years$2,516$1,481$835$456$243$10
46 years$2,433$1,413$784$421$221$8
47 years$2,354$1,348$737$389$200$7
48 years$2,279$1,287$692$359$182$6
49 years$2,207$1,229$651$332$165$5
50 years$2,138$1,174$612$307$150$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,190,000, adding $2,000 every year, while hoping to spend $37,367 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: 49/33/18 Blend
56$2,190,000$2,190,000$2,190,000$2,190,000
57$2,415,443$2,299,373$2,265,428$2,521,554
58$2,622,060$2,372,284$2,301,562$2,668,103
59$2,848,500$2,447,515$2,337,653$2,823,223
60$3,096,744$2,525,141$2,373,662$2,990,934
61$3,368,977$2,605,238$2,409,545$3,172,433
62$3,667,603$2,687,885$2,445,255$3,369,037
63$3,995,272$2,773,165$2,480,744$3,582,197
64$4,354,900$2,861,160$2,515,959$3,813,507
65$4,749,701$2,951,959$2,550,846$4,064,723
66$5,183,216$3,045,650$2,585,345$4,337,775
67$5,659,345$3,142,328$2,619,395$4,634,792
68$6,182,383$3,242,087$2,652,929$4,958,114
69$6,757,064$3,345,027$2,685,880$5,310,318
70$7,388,600$3,451,249$2,718,173$5,694,240
71$8,082,736$3,560,858$2,749,730$6,113,005
72$8,845,799$3,673,965$2,780,470$6,570,052
73$9,684,762$3,790,680$2,810,307$7,069,168
74$10,607,304$3,911,120$2,839,149$7,614,525
75$11,621,889$4,035,405$2,866,901$8,210,715
76$12,737,840$4,163,658$2,893,460$8,862,797
77$13,965,428$4,296,006$2,918,720$9,576,343
78$15,315,974$4,432,582$2,942,568$10,357,489
79$16,801,946$4,573,521$2,964,887$11,212,993
80$18,437,085$4,718,965$2,985,552$12,150,301
81$20,236,531$4,869,057$3,004,431$13,177,614
82$22,216,964$5,023,948$3,021,386$14,303,966
83$24,396,765$5,183,792$3,036,274$15,539,308
84$26,796,187$5,348,749$3,048,940$16,894,603
85$29,437,544$5,518,985$3,059,226$18,381,930
86$32,345,427$5,694,668$3,066,963$20,014,593
87$35,546,929$5,875,975$3,071,975$21,807,251
88$39,071,906$6,063,088$3,074,076$23,776,054
89$42,953,254$6,256,194$3,073,072$25,938,794
90$47,227,225$6,455,486$3,068,759$28,315,076
91$51,933,762$6,661,165$3,060,923$30,926,498
92$57,116,881$6,873,437$3,049,339$33,796,857
93$62,825,083$7,092,516$3,033,772$36,952,374
94$69,111,814$7,318,621$3,013,975$40,421,939
95$76,035,966$7,551,980$2,989,690$44,237,383
96$83,662,436$7,792,829$2,960,646$48,433,780
97$92,062,736$8,041,409$2,926,560$53,049,778
98$101,315,669$8,297,972$2,887,133$58,127,959
99$111,508,070$8,562,776$2,842,056$63,715,247
100$122,735,631$8,836,089$2,791,002$69,863,342