Can I retire at age 57 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$188,280$186,603$184,967$183,370$181,810$177,632
2 years$93,208$91,472$89,790$88,159$86,576$82,389
3 years$61,521$59,778$58,100$56,484$54,928$50,863
4 years$45,681$43,943$42,282$40,694$39,175$35,264
5 years$36,180$34,452$32,812$31,257$29,780$26,034
6 years$29,847$28,133$26,517$24,996$23,564$19,987
7 years$25,326$23,626$22,036$20,551$19,164$15,756
8 years$21,936$20,252$18,688$17,239$15,898$12,659
9 years$19,302$17,633$16,096$14,684$13,389$10,315
10 years$17,195$15,542$14,033$12,658$11,408$8,496
11 years$15,472$13,836$12,354$11,016$9,811$7,057
12 years$14,038$12,419$10,964$9,663$8,502$5,902
13 years$12,825$11,223$9,796$8,531$7,414$4,963
14 years$11,787$10,201$8,802$7,573$6,499$4,192
15 years$10,887$9,319$7,947$6,753$5,722$3,554
16 years$10,101$8,550$7,205$6,047$5,057$3,022
17 years$9,408$7,874$6,556$5,433$4,484$2,576
18 years$8,793$7,276$5,985$4,896$3,987$2,201
19 years$8,243$6,744$5,479$4,424$3,554$1,884
20 years$7,749$6,266$5,028$4,007$3,174$1,615
21 years$7,302$5,837$4,625$3,637$2,841$1,386
22 years$6,897$5,449$4,263$3,307$2,546$1,191
23 years$6,527$5,096$3,936$3,011$2,286$1,024
24 years$6,189$4,775$3,640$2,747$2,054$882
25 years$5,878$4,481$3,371$2,508$1,849$759
26 years$5,592$4,211$3,127$2,293$1,665$654
27 years$5,327$3,963$2,903$2,099$1,501$564
28 years$5,082$3,734$2,699$1,923$1,355$487
29 years$4,854$3,523$2,512$1,764$1,223$420
30 years$4,641$3,327$2,340$1,619$1,105$363
31 years$4,443$3,145$2,181$1,487$999$313
32 years$4,257$2,976$2,035$1,366$904$271
33 years$4,083$2,818$1,900$1,256$818$234
34 years$3,920$2,671$1,775$1,156$741$202
35 years$3,766$2,534$1,660$1,064$671$175
36 years$3,621$2,405$1,553$980$608$151
37 years$3,484$2,284$1,453$903$551$130
38 years$3,355$2,171$1,361$832$499$113
39 years$3,233$2,064$1,275$767$453$97
40 years$3,117$1,964$1,195$708$411$84
41 years$3,007$1,869$1,121$653$373$73
42 years$2,903$1,780$1,051$603$338$63
43 years$2,803$1,696$986$556$307$54
44 years$2,709$1,617$926$514$279$47
45 years$2,619$1,542$869$474$253$41
46 years$2,533$1,471$817$438$230$35
47 years$2,451$1,404$767$405$209$30
48 years$2,373$1,340$721$374$189$26
49 years$2,298$1,280$678$346$172$23
50 years$2,226$1,222$637$320$156$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,280,000, adding $2,613 every year, while hoping to spend $42,612 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: 78/6/16 Blend
56$2,280,000$2,280,000$2,280,000$2,280,000
57$2,515,255$2,394,415$2,359,075$2,702,577
58$2,726,473$2,466,403$2,392,765$2,898,453
59$2,957,806$2,540,490$2,426,156$3,107,608
60$3,211,262$2,616,733$2,459,192$3,335,860
61$3,489,051$2,695,194$2,491,815$3,585,102
62$3,793,607$2,775,931$2,523,964$3,857,422
63$4,127,611$2,859,008$2,555,573$4,155,116
64$4,494,015$2,944,487$2,586,573$4,480,716
65$4,896,073$3,032,435$2,616,891$4,837,008
66$5,337,366$3,122,918$2,646,450$5,227,065
67$5,821,840$3,216,004$2,675,170$5,654,268
68$6,353,843$3,311,764$2,702,963$6,122,346
69$6,938,163$3,410,268$2,729,740$6,635,402
70$7,580,074$3,511,590$2,755,405$7,197,961
71$8,285,389$3,615,804$2,779,858$7,815,006
72$9,060,508$3,722,988$2,802,993$8,492,027
73$9,912,484$3,833,219$2,824,698$9,235,073
74$10,849,088$3,946,578$2,844,856$10,050,808
75$11,878,880$4,063,145$2,863,343$10,946,576
76$13,011,291$4,183,004$2,880,030$11,930,467
77$14,256,712$4,306,240$2,894,780$13,011,396
78$15,626,591$4,432,941$2,907,450$14,199,185
79$17,133,542$4,563,194$2,917,889$15,504,657
80$18,791,463$4,697,090$2,925,938$16,939,739
81$20,615,667$4,834,722$2,931,431$18,517,571
82$22,623,024$4,976,183$2,934,194$20,252,632
83$24,832,126$5,121,569$2,934,043$22,160,877
84$27,263,455$5,270,978$2,930,785$24,259,888
85$29,939,581$5,424,510$2,924,220$26,569,037
86$32,885,373$5,582,265$2,914,135$29,109,673
87$36,128,231$5,744,346$2,900,309$31,905,319
88$39,698,350$5,910,859$2,882,510$34,981,896
89$43,629,001$6,081,909$2,860,492$38,367,969
90$47,956,842$6,257,606$2,834,002$42,095,014
91$52,722,270$6,438,059$2,802,771$46,197,718
92$57,969,798$6,623,380$2,766,520$50,714,301
93$63,748,474$6,813,682$2,724,955$55,686,884
94$70,112,346$7,009,080$2,677,769$61,161,881
95$77,120,971$7,209,691$2,624,640$67,190,440
96$84,839,977$7,415,633$2,565,232$73,828,922
97$93,341,680$7,627,024$2,499,193$81,139,438
98$102,705,769$7,843,987$2,426,154$89,190,434
99$113,020,058$8,066,643$2,345,731$98,057,333
100$124,381,311$8,295,115$2,257,520$107,823,252