Can I retire at age 57 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$181,674$180,056$178,477$176,936$175,431$169,005
2 years$89,938$88,263$86,639$85,065$83,539$77,136
3 years$59,363$57,681$56,061$54,502$53,000$46,823
4 years$44,078$42,401$40,798$39,266$37,800$31,894
5 years$34,910$33,243$31,661$30,160$28,735$23,117
6 years$28,800$27,146$25,587$24,119$22,737$17,410
7 years$24,437$22,797$21,263$19,830$18,491$13,454
8 years$21,167$19,541$18,033$16,635$15,340$10,589
9 years$18,624$17,014$15,531$14,169$12,919$8,446
10 years$16,592$14,997$13,541$12,214$11,007$6,806
11 years$14,930$13,351$11,921$10,630$9,467$5,528
12 years$13,546$11,983$10,580$9,324$8,204$4,517
13 years$12,375$10,829$9,452$8,231$7,154$3,710
14 years$11,373$9,843$8,493$7,307$6,271$3,058
15 years$10,505$8,992$7,668$6,516$5,521$2,529
16 years$9,747$8,250$6,952$5,835$4,880$2,097
17 years$9,078$7,598$6,326$5,243$4,327$1,743
18 years$8,485$7,021$5,775$4,725$3,847$1,451
19 years$7,954$6,507$5,287$4,269$3,429$1,209
20 years$7,477$6,047$4,852$3,866$3,063$1,009
21 years$7,046$5,632$4,463$3,509$2,741$843
22 years$6,655$5,257$4,113$3,191$2,457$705
23 years$6,298$4,917$3,798$2,906$2,205$590
24 years$5,972$4,607$3,512$2,650$1,982$494
25 years$5,672$4,323$3,253$2,420$1,784$414
26 years$5,396$4,063$3,017$2,213$1,607$347
27 years$5,140$3,824$2,802$2,026$1,449$291
28 years$4,903$3,603$2,604$1,856$1,307$244
29 years$4,683$3,399$2,424$1,702$1,180$204
30 years$4,478$3,210$2,258$1,562$1,066$171
31 years$4,287$3,035$2,105$1,434$964$144
32 years$4,108$2,872$1,964$1,318$872$121
33 years$3,940$2,719$1,833$1,212$789$101
34 years$3,782$2,577$1,713$1,115$715$85
35 years$3,634$2,445$1,602$1,027$647$71
36 years$3,494$2,320$1,498$946$586$60
37 years$3,362$2,204$1,402$871$532$50
38 years$3,238$2,094$1,313$803$482$42
39 years$3,120$1,992$1,230$740$437$35
40 years$3,008$1,895$1,153$683$396$30
41 years$2,902$1,804$1,081$630$360$25
42 years$2,801$1,718$1,014$582$326$21
43 years$2,705$1,637$952$537$296$18
44 years$2,614$1,560$893$496$269$15
45 years$2,527$1,488$839$458$244$12
46 years$2,444$1,419$788$423$222$10
47 years$2,365$1,354$740$391$201$9
48 years$2,289$1,293$696$361$183$7
49 years$2,217$1,235$654$334$166$6
50 years$2,148$1,179$615$308$151$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,200,000, adding $4,077 every year, while hoping to spend $44,721 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: 60/25/15 Blend
56$2,200,000$2,200,000$2,200,000$2,200,000
57$2,428,605$2,312,005$2,277,905$2,564,920
58$2,628,740$2,377,711$2,306,632$2,722,998
59$2,847,790$2,445,137$2,334,823$2,890,004
60$3,087,637$2,514,321$2,362,412$3,071,132
61$3,350,354$2,585,300$2,389,330$3,267,753
62$3,638,222$2,658,112$2,415,505$3,481,373
63$3,953,756$2,732,796$2,440,860$3,713,654
64$4,299,725$2,809,388$2,465,314$3,966,423
65$4,679,177$2,887,928$2,488,782$4,241,694
66$5,095,471$2,968,454$2,511,174$4,541,683
67$5,552,305$3,051,005$2,532,395$4,868,831
68$6,053,756$3,135,620$2,552,346$5,225,829
69$6,604,310$3,222,337$2,570,921$5,615,637
70$7,208,913$3,311,194$2,588,010$6,041,518
71$7,873,011$3,402,231$2,603,497$6,507,065
72$8,602,604$3,495,486$2,617,259$7,016,238
73$9,404,301$3,590,996$2,629,169$7,573,395
74$10,285,384$3,688,800$2,639,091$8,183,342
75$11,253,876$3,788,934$2,646,884$8,851,371
76$12,318,615$3,891,435$2,652,398$9,583,311
77$13,489,338$3,996,340$2,655,477$10,385,587
78$14,776,773$4,103,683$2,655,958$11,265,276
79$16,192,738$4,213,498$2,653,668$12,230,175
80$17,750,258$4,325,820$2,648,426$13,288,877
81$19,463,679$4,440,680$2,640,043$14,450,846
82$21,348,810$4,558,109$2,628,320$15,726,513
83$23,423,070$4,678,137$2,613,050$17,127,371
84$25,705,649$4,800,792$2,594,013$18,666,083
85$28,217,695$4,926,100$2,570,982$20,356,603
86$30,982,506$5,054,086$2,543,716$22,214,305
87$34,025,756$5,184,771$2,511,965$24,256,132
88$37,375,734$5,318,174$2,475,466$26,500,753
89$41,063,608$5,454,315$2,433,944$28,968,740
90$45,123,725$5,593,205$2,387,111$31,682,761
91$49,593,931$5,734,858$2,334,665$34,667,797
92$54,515,927$5,879,281$2,276,291$37,951,373
93$59,935,664$6,026,478$2,211,659$41,563,823
94$65,903,776$6,176,450$2,140,423$45,538,574
95$72,476,058$6,329,193$2,062,224$49,912,460
96$79,713,990$6,484,698$1,976,683$54,726,072
97$87,685,321$6,642,952$1,883,406$60,024,140
98$96,464,704$6,803,936$1,781,980$65,855,956
99$106,134,401$6,967,626$1,671,974$72,275,841
100$116,785,061$7,133,992$1,552,937$79,343,653