Can I retire at age 57 with 2,260,000?

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 $2,260,000?

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 years$186,629$184,966$183,344$181,761$180,216$176,505
2 years$92,390$90,670$89,002$87,385$85,817$82,095
3 years$60,982$59,254$57,590$55,989$54,446$50,829
4 years$45,281$43,558$41,911$40,337$38,831$35,348
5 years$35,862$34,150$32,525$30,982$29,519$26,178
6 years$29,585$27,886$26,285$24,777$23,357$20,163
7 years$25,104$23,419$21,843$20,370$18,996$15,949
8 years$21,744$20,074$18,524$17,088$15,759$12,858
9 years$19,132$17,478$15,955$14,555$13,271$10,515
10 years$17,044$15,406$13,910$12,547$11,308$8,693
11 years$15,337$13,715$12,246$10,920$9,725$7,249
12 years$13,915$12,310$10,868$9,578$8,427$6,086
13 years$12,713$11,125$9,710$8,456$7,349$5,138
14 years$11,683$10,112$8,724$7,506$6,442$4,358
15 years$10,792$9,237$7,877$6,694$5,672$3,710
16 years$10,013$8,475$7,142$5,994$5,013$3,168
17 years$9,326$7,805$6,499$5,385$4,445$2,712
18 years$8,716$7,212$5,932$4,853$3,952$2,327
19 years$8,171$6,684$5,431$4,385$3,523$2,001
20 years$7,681$6,211$4,984$3,972$3,146$1,723
21 years$7,238$5,786$4,584$3,605$2,816$1,486
22 years$6,836$5,401$4,225$3,278$2,524$1,282
23 years$6,470$5,051$3,901$2,985$2,266$1,108
24 years$6,135$4,733$3,608$2,722$2,036$958
25 years$5,827$4,441$3,342$2,486$1,832$829
26 years$5,543$4,174$3,099$2,273$1,651$718
27 years$5,280$3,928$2,878$2,081$1,488$622
28 years$5,037$3,702$2,675$1,906$1,343$540
29 years$4,811$3,492$2,490$1,748$1,213$468
30 years$4,600$3,298$2,319$1,604$1,096$406
31 years$4,404$3,118$2,162$1,474$991$352
32 years$4,220$2,950$2,017$1,354$896$306
33 years$4,047$2,794$1,883$1,245$811$266
34 years$3,885$2,648$1,760$1,146$734$231
35 years$3,733$2,511$1,645$1,055$665$200
36 years$3,589$2,384$1,539$971$602$174
37 years$3,454$2,264$1,441$895$546$151
38 years$3,326$2,152$1,349$825$495$131
39 years$3,205$2,046$1,264$761$449$114
40 years$3,090$1,946$1,185$702$407$99
41 years$2,981$1,853$1,111$647$369$86
42 years$2,877$1,765$1,042$597$335$75
43 years$2,779$1,681$978$551$304$65
44 years$2,685$1,603$918$509$276$57
45 years$2,596$1,528$862$470$251$49
46 years$2,511$1,458$809$434$228$43
47 years$2,430$1,391$760$401$207$37
48 years$2,352$1,328$715$371$188$32
49 years$2,278$1,268$672$343$170$28
50 years$2,207$1,212$631$317$155$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,260,000, adding $3,733 every year, while hoping to spend $51,453 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: 37/44/19 Blend
56$2,260,000$2,260,000$2,260,000$2,260,000
57$2,494,371$2,374,591$2,339,561$2,572,226
58$2,694,051$2,436,200$2,363,190$2,690,567
59$2,912,374$2,499,104$2,385,887$2,813,190
60$3,151,187$2,563,311$2,407,565$2,944,573
61$3,412,525$2,628,829$2,428,135$3,085,531
62$3,698,626$2,695,666$2,447,501$3,236,962
63$4,011,957$2,763,825$2,465,564$3,399,855
64$4,355,234$2,833,310$2,482,218$3,575,296
65$4,731,448$2,904,122$2,497,353$3,764,487
66$5,143,894$2,976,262$2,510,852$3,968,745
67$5,596,199$3,049,727$2,522,593$4,189,527
68$6,092,359$3,124,511$2,532,448$4,428,434
69$6,636,776$3,200,609$2,540,281$4,687,231
70$7,234,298$3,278,009$2,545,952$4,967,862
71$7,890,265$3,356,701$2,549,310$5,272,471
72$8,610,561$3,436,667$2,550,200$5,603,417
73$9,401,664$3,517,890$2,548,457$5,963,304
74$10,270,713$3,600,346$2,543,911$6,354,996
75$11,225,573$3,684,010$2,536,379$6,781,654
76$12,274,907$3,768,853$2,525,673$7,246,759
77$13,428,260$3,854,838$2,511,595$7,754,148
78$14,696,146$3,941,929$2,493,937$8,308,050
79$16,090,149$4,030,080$2,472,481$8,913,125
80$17,623,034$4,119,243$2,446,998$9,574,510
81$19,308,860$4,209,363$2,417,249$10,297,868
82$21,163,122$4,300,380$2,382,985$11,089,437
83$23,202,888$4,392,226$2,343,943$11,956,096
84$25,446,966$4,484,829$2,299,849$12,905,425
85$27,916,078$4,578,106$2,250,415$13,945,780
86$30,633,055$4,671,971$2,195,341$15,086,371
87$33,623,054$4,766,324$2,134,312$16,337,350
88$36,913,794$4,861,063$2,066,999$17,709,904
89$40,535,816$4,956,070$1,993,060$19,216,367
90$44,522,775$5,051,223$1,912,133$20,870,333
91$48,911,751$5,146,386$1,823,842$22,686,786
92$53,743,604$5,241,413$1,727,795$24,682,241
93$59,063,355$5,336,147$1,623,580$26,874,903
94$64,920,615$5,430,416$1,510,768$29,284,836
95$71,370,049$5,524,037$1,388,910$31,934,157
96$78,471,893$5,616,813$1,257,537$34,847,244
97$86,292,520$5,708,532$1,116,158$38,050,966
98$94,905,071$5,798,964$964,264$41,574,941
99$104,390,140$5,887,864$801,318$45,451,810
100$114,836,535$5,974,971$626,763$49,717,556