Can I retire at age 57 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$194,061$192,332$190,646$189,000$187,392$182,124
2 years$96,070$94,280$92,546$90,865$89,234$83,967
3 years$63,410$61,613$59,884$58,218$56,614$51,512
4 years$47,084$45,292$43,580$41,943$40,378$35,480
5 years$37,290$35,510$33,820$32,216$30,694$26,016
6 years$30,764$28,996$27,331$25,764$24,287$19,831
7 years$26,103$24,351$22,713$21,182$19,752$15,519
8 years$22,610$20,873$19,262$17,769$16,386$12,373
9 years$19,894$18,174$16,590$15,135$13,800$10,003
10 years$17,723$16,020$14,464$13,047$11,758$8,173
11 years$15,948$14,261$12,734$11,354$10,112$6,733
12 years$14,469$12,800$11,301$9,959$8,763$5,583
13 years$13,219$11,568$10,097$8,793$7,642$4,654
14 years$12,149$10,515$9,072$7,805$6,699$3,896
15 years$11,222$9,605$8,191$6,961$5,898$3,273
16 years$10,411$8,813$7,426$6,233$5,213$2,757
17 years$9,697$8,116$6,757$5,600$4,622$2,329
18 years$9,063$7,500$6,169$5,047$4,110$1,970
19 years$8,496$6,951$5,647$4,560$3,663$1,670
20 years$7,987$6,459$5,183$4,130$3,272$1,417
21 years$7,527$6,016$4,767$3,748$2,928$1,205
22 years$7,109$5,616$4,394$3,408$2,624$1,025
23 years$6,728$5,252$4,057$3,104$2,356$872
24 years$6,379$4,921$3,752$2,831$2,117$743
25 years$6,059$4,618$3,475$2,585$1,905$633
26 years$5,763$4,340$3,223$2,364$1,716$540
27 years$5,491$4,085$2,993$2,164$1,547$461
28 years$5,238$3,849$2,782$1,982$1,396$394
29 years$5,003$3,631$2,589$1,818$1,261$336
30 years$4,784$3,429$2,411$1,668$1,139$287
31 years$4,579$3,242$2,248$1,532$1,030$245
32 years$4,388$3,067$2,098$1,408$932$209
33 years$4,209$2,905$1,958$1,295$843$179
34 years$4,040$2,753$1,830$1,191$763$153
35 years$3,882$2,611$1,711$1,097$691$131
36 years$3,732$2,479$1,600$1,010$626$112
37 years$3,591$2,354$1,498$931$568$96
38 years$3,458$2,237$1,403$858$515$82
39 years$3,332$2,127$1,314$791$467$70
40 years$3,213$2,024$1,232$730$423$60
41 years$3,100$1,927$1,155$673$384$51
42 years$2,992$1,835$1,084$621$349$44
43 years$2,890$1,748$1,017$573$316$37
44 years$2,792$1,666$954$529$287$32
45 years$2,699$1,589$896$489$261$27
46 years$2,611$1,516$842$452$237$23
47 years$2,526$1,447$791$417$215$20
48 years$2,446$1,381$743$386$195$17
49 years$2,368$1,319$698$356$177$15
50 years$2,294$1,260$657$329$161$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,350,000, adding $2,672 every year, while hoping to spend $49,950 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: 51/28/21 Blend
56$2,350,000$2,350,000$2,350,000$2,350,000
57$2,592,456$2,467,906$2,431,481$2,709,402
58$2,803,740$2,535,687$2,459,789$2,858,268
59$3,034,901$2,605,115$2,487,372$3,014,686
60$3,287,914$2,676,219$2,514,151$3,183,706
61$3,564,952$2,749,025$2,540,047$3,366,542
62$3,868,412$2,823,561$2,564,972$3,564,528
63$4,200,928$2,899,854$2,588,838$3,779,136
64$4,565,407$2,977,931$2,611,548$4,011,984
65$4,965,046$3,057,817$2,633,002$4,264,856
66$5,403,368$3,139,537$2,653,095$4,539,717
67$5,884,253$3,223,116$2,671,715$4,838,731
68$6,411,976$3,308,578$2,688,747$5,164,280
69$6,991,243$3,395,944$2,704,065$5,518,992
70$7,627,241$3,485,236$2,717,543$5,905,759
71$8,325,682$3,576,475$2,729,042$6,327,768
72$9,092,858$3,669,679$2,738,422$6,788,530
73$9,935,702$3,764,865$2,745,531$7,291,914
74$10,861,850$3,862,050$2,750,213$7,842,184
75$11,879,715$3,961,248$2,752,302$8,444,034
76$12,998,567$4,062,469$2,751,625$9,102,641
77$14,228,615$4,165,725$2,747,999$9,823,707
78$15,581,111$4,271,022$2,741,234$10,613,516
79$17,068,448$4,378,366$2,731,129$11,478,992
80$18,704,283$4,487,759$2,717,475$12,427,765
81$20,503,660$4,599,200$2,700,051$13,468,243
82$22,483,158$4,712,686$2,678,627$14,609,692
83$24,661,040$4,828,207$2,652,961$15,862,323
84$27,057,432$4,945,755$2,622,801$17,237,387
85$29,694,505$5,065,312$2,587,880$18,747,286
86$32,596,693$5,186,861$2,547,922$20,405,683
87$35,790,914$5,310,375$2,502,636$22,227,640
88$39,306,830$5,435,827$2,451,717$24,229,751
89$43,177,125$5,563,180$2,394,848$26,430,307
90$47,437,811$5,692,396$2,331,695$28,849,463
91$52,128,571$5,823,427$2,261,910$31,509,433
92$57,293,130$5,956,219$2,185,129$34,434,697
93$62,979,668$6,090,713$2,100,970$37,652,233
94$69,241,277$6,226,840$2,009,034$41,191,773
95$76,136,456$6,364,524$1,908,906$45,086,083
96$83,729,669$6,503,681$1,800,149$49,371,274
97$92,091,951$6,644,216$1,682,309$54,087,142
98$101,301,573$6,786,026$1,554,910$59,277,544
99$111,444,788$6,928,996$1,417,454$64,990,816
100$122,616,641$7,073,001$1,269,423$71,280,224