Can I retire at age 57 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$187,454$185,785$184,156$182,566$181,013$175,289
2 years$92,799$91,071$89,396$87,772$86,197$80,482
3 years$61,252$59,516$57,845$56,236$54,687$49,160
4 years$45,481$43,750$42,096$40,515$39,003$33,707
5 years$36,021$34,301$32,669$31,119$29,649$24,598
6 years$29,716$28,009$26,401$24,887$23,461$18,659
7 years$25,215$23,522$21,939$20,461$19,080$14,527
8 years$21,840$20,163$18,606$17,164$15,829$11,521
9 years$19,217$17,555$16,026$14,620$13,330$9,263
10 years$17,120$15,474$13,972$12,602$11,358$7,526
11 years$15,405$13,776$12,300$10,968$9,768$6,164
12 years$13,977$12,364$10,916$9,620$8,465$5,081
13 years$12,769$11,174$9,753$8,493$7,381$4,210
14 years$11,735$10,157$8,763$7,539$6,471$3,502
15 years$10,840$9,278$7,912$6,724$5,697$2,923
16 years$10,057$8,513$7,173$6,020$5,035$2,447
17 years$9,367$7,840$6,527$5,409$4,465$2,053
18 years$8,755$7,244$5,959$4,875$3,970$1,726
19 years$8,207$6,714$5,455$4,405$3,538$1,453
20 years$7,715$6,239$5,006$3,989$3,160$1,225
21 years$7,270$5,811$4,605$3,621$2,828$1,033
22 years$6,867$5,425$4,244$3,292$2,535$873
23 years$6,499$5,074$3,919$2,998$2,276$738
24 years$6,162$4,754$3,624$2,734$2,045$624
25 years$5,852$4,461$3,357$2,497$1,841$528
26 years$5,567$4,193$3,113$2,283$1,658$447
27 years$5,304$3,946$2,891$2,090$1,495$379
28 years$5,059$3,718$2,687$1,915$1,349$321
29 years$4,832$3,508$2,501$1,756$1,218$272
30 years$4,621$3,313$2,329$1,612$1,100$231
31 years$4,423$3,131$2,172$1,480$995$196
32 years$4,238$2,963$2,026$1,360$900$166
33 years$4,065$2,806$1,892$1,251$814$141
34 years$3,903$2,659$1,768$1,151$737$119
35 years$3,750$2,522$1,653$1,059$668$101
36 years$3,605$2,394$1,546$976$605$86
37 years$3,469$2,274$1,447$899$548$73
38 years$3,341$2,161$1,355$829$497$62
39 years$3,219$2,055$1,270$764$451$53
40 years$3,103$1,955$1,190$705$409$45
41 years$2,994$1,861$1,116$650$371$38
42 years$2,890$1,772$1,047$600$337$32
43 years$2,791$1,689$982$554$306$27
44 years$2,697$1,610$922$511$277$23
45 years$2,607$1,535$866$472$252$20
46 years$2,522$1,464$813$436$229$17
47 years$2,440$1,397$764$403$208$14
48 years$2,362$1,334$718$372$189$12
49 years$2,288$1,274$675$344$171$10
50 years$2,216$1,217$634$318$156$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,270,000, adding $4,465 every year, while hoping to spend $40,773 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: 56/37/7 Blend
56$2,270,000$2,270,000$2,270,000$2,270,000
57$2,506,146$2,385,836$2,350,651$2,642,307
58$2,718,390$2,459,359$2,386,015$2,808,107
59$2,950,917$2,535,119$2,421,198$2,983,660
60$3,205,753$2,613,182$2,456,150$3,173,860
61$3,485,127$2,693,616$2,490,819$3,380,108
62$3,791,498$2,776,491$2,525,149$3,603,941
63$4,127,572$2,861,880$2,559,083$3,847,056
64$4,496,329$2,949,857$2,592,557$4,111,316
65$4,901,054$3,040,499$2,625,507$4,398,772
66$5,345,363$3,133,885$2,657,862$4,711,682
67$5,833,240$3,230,095$2,689,551$5,052,531
68$6,369,074$3,329,213$2,720,494$5,424,055
69$6,957,699$3,431,324$2,750,611$5,829,263
70$7,604,442$3,536,517$2,779,814$6,271,471
71$8,315,171$3,644,882$2,808,013$6,754,329
72$9,096,348$3,756,511$2,835,111$7,281,855
73$9,955,096$3,871,500$2,861,008$7,858,474
74$10,899,260$3,989,948$2,885,596$8,489,057
75$11,937,484$4,111,955$2,908,763$9,178,971
76$13,079,292$4,237,626$2,930,391$9,934,125
77$14,335,177$4,367,066$2,950,356$10,761,025
78$15,716,698$4,500,385$2,968,526$11,666,840
79$17,236,593$4,637,696$2,984,764$12,659,465
80$18,908,896$4,779,114$2,998,924$13,747,593
81$20,749,071$4,924,758$3,010,855$14,940,803
82$22,774,155$5,074,750$3,020,398$16,249,646
83$25,002,921$5,229,215$3,027,383$17,685,743
84$27,456,053$5,388,281$3,031,635$19,261,896
85$30,156,345$5,552,081$3,032,969$20,992,210
86$33,128,909$5,720,749$3,031,190$22,892,220
87$36,401,418$5,894,426$3,026,095$24,979,044
88$40,004,364$6,073,254$3,017,471$27,271,540
89$43,971,345$6,257,380$3,005,092$29,790,481
90$48,339,384$6,446,954$2,988,725$32,558,758
91$53,149,277$6,642,130$2,968,122$35,601,588
92$58,445,976$6,843,067$2,943,027$38,946,756
93$64,279,015$7,049,927$2,913,168$42,624,874
94$70,702,979$7,262,877$2,878,263$46,669,672
95$77,778,013$7,482,088$2,838,015$51,118,311
96$85,570,395$7,707,736$2,792,114$56,011,740
97$94,153,160$7,939,999$2,740,234$61,395,076
98$103,606,786$8,179,063$2,682,036$67,318,030
99$114,019,957$8,425,116$2,617,163$73,835,380
100$125,490,397$8,678,352$2,545,243$81,007,482