Can I retire at age 57 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$182,500$180,874$179,288$177,740$176,229$170,724
2 years$90,346$88,664$87,033$85,452$83,918$78,422
3 years$59,633$57,943$56,316$54,750$53,241$47,925
4 years$44,279$42,594$40,984$39,444$37,972$32,877
5 years$35,069$33,394$31,805$30,297$28,866$24,005
6 years$28,931$27,269$25,703$24,229$22,841$18,219
7 years$24,548$22,900$21,359$19,920$18,575$14,192
8 years$21,263$19,630$18,115$16,710$15,410$11,262
9 years$18,709$17,091$15,602$14,233$12,978$9,061
10 years$16,667$15,065$13,602$12,269$11,058$7,366
11 years$14,997$13,412$11,975$10,678$9,510$6,037
12 years$13,607$12,038$10,628$9,366$8,241$4,980
13 years$12,432$10,878$9,495$8,269$7,186$4,128
14 years$11,425$9,888$8,531$7,340$6,300$3,437
15 years$10,553$9,033$7,703$6,546$5,547$2,871
16 years$9,791$8,288$6,984$5,861$4,902$2,405
17 years$9,119$7,633$6,355$5,266$4,347$2,019
18 years$8,523$7,053$5,801$4,746$3,865$1,698
19 years$7,990$6,537$5,311$4,288$3,445$1,431
20 years$7,511$6,074$4,874$3,884$3,077$1,207
21 years$7,078$5,658$4,483$3,525$2,753$1,019
22 years$6,685$5,281$4,132$3,205$2,468$862
23 years$6,327$4,940$3,815$2,919$2,216$729
24 years$5,999$4,628$3,528$2,662$1,991$617
25 years$5,698$4,343$3,268$2,431$1,792$523
26 years$5,420$4,082$3,031$2,223$1,614$443
27 years$5,163$3,842$2,814$2,035$1,455$376
28 years$4,926$3,620$2,616$1,864$1,313$318
29 years$4,705$3,415$2,435$1,710$1,186$270
30 years$4,499$3,225$2,268$1,569$1,071$229
31 years$4,306$3,049$2,114$1,441$969$195
32 years$4,126$2,885$1,973$1,324$876$165
33 years$3,958$2,732$1,842$1,218$793$140
34 years$3,799$2,589$1,721$1,120$718$119
35 years$3,650$2,456$1,609$1,031$650$101
36 years$3,510$2,331$1,505$950$589$86
37 years$3,377$2,214$1,409$875$534$73
38 years$3,252$2,104$1,319$807$484$62
39 years$3,134$2,001$1,236$744$439$53
40 years$3,021$1,903$1,158$686$398$45
41 years$2,915$1,812$1,086$633$361$38
42 years$2,814$1,726$1,019$584$328$32
43 years$2,717$1,644$956$539$297$27
44 years$2,626$1,567$898$498$270$23
45 years$2,539$1,494$843$460$245$20
46 years$2,455$1,426$792$425$223$17
47 years$2,376$1,361$744$392$202$14
48 years$2,300$1,299$699$363$184$12
49 years$2,227$1,240$657$335$167$10
50 years$2,158$1,185$618$310$151$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,210,000, adding $5,622 every year, while hoping to spend $45,187 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: 48/31/21 Blend
56$2,210,000$2,210,000$2,210,000$2,210,000
57$2,441,219$2,324,089$2,289,834$2,543,639
58$2,642,145$2,389,891$2,318,465$2,681,368
59$2,862,051$2,457,402$2,346,540$2,825,845
60$3,102,824$2,526,660$2,373,994$2,981,796
61$3,366,546$2,597,700$2,400,756$3,150,318
62$3,655,505$2,670,558$2,426,753$3,332,619
63$3,972,223$2,745,272$2,451,906$3,530,028
64$4,319,478$2,821,878$2,476,133$3,744,008
65$4,700,328$2,900,414$2,499,347$3,976,170
66$5,118,144$2,980,917$2,521,458$4,228,289
67$5,576,636$3,063,423$2,542,368$4,502,319
68$6,079,892$3,147,970$2,561,976$4,800,414
69$6,632,415$3,234,595$2,580,176$5,124,943
70$7,239,165$3,323,334$2,596,856$5,478,518
71$7,905,607$3,414,224$2,611,897$5,864,016
72$8,637,759$3,507,300$2,625,176$6,284,606
73$9,442,252$3,602,600$2,636,561$6,743,779
74$10,326,392$3,700,158$2,645,916$7,245,381
75$11,298,227$3,800,009$2,653,098$7,793,648
76$12,366,623$3,902,186$2,657,953$8,393,251
77$13,541,349$4,006,723$2,660,325$9,049,332
78$14,833,167$4,113,653$2,660,046$9,767,558
79$16,253,934$4,223,006$2,656,942$10,554,174
80$17,816,714$4,334,813$2,650,829$11,416,061
81$19,535,902$4,449,102$2,641,514$12,360,800
82$21,427,356$4,565,900$2,628,797$13,396,745
83$23,508,551$4,685,233$2,612,466$14,533,102
84$25,798,739$4,807,125$2,592,300$15,780,015
85$28,319,134$4,931,598$2,568,066$17,148,663
86$31,093,111$5,058,672$2,539,521$18,651,362
87$34,146,424$5,188,362$2,506,410$20,301,687
88$37,507,452$5,320,685$2,468,468$22,114,597
89$41,207,465$5,455,651$2,425,414$24,106,575
90$45,280,918$5,593,270$2,376,958$26,295,786
91$49,765,778$5,733,546$2,322,792$28,702,249
92$54,703,879$5,876,481$2,262,597$31,348,023
93$60,141,318$6,022,073$2,196,038$34,257,420
94$66,128,893$6,170,315$2,122,765$37,457,231
95$72,722,574$6,321,195$2,042,412$40,976,979
96$79,984,040$6,474,697$1,954,597$44,849,202
97$87,981,255$6,630,799$1,858,918$49,109,756
98$96,789,108$6,789,473$1,754,957$53,798,156
99$106,490,126$6,950,687$1,642,277$58,957,949
100$117,175,247$7,114,398$1,520,421$64,637,125