Can I retire at age 57 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$196,538$194,788$193,080$191,412$189,785$188,431
2 years$97,296$95,484$93,728$92,025$90,374$89,008
3 years$64,220$62,400$60,648$58,961$57,337$56,002
4 years$47,685$45,871$44,136$42,478$40,893$39,600
5 years$37,766$35,963$34,252$32,627$31,086$29,838
6 years$31,156$29,367$27,680$26,092$24,597$23,396
7 years$26,437$24,662$23,003$21,452$20,004$18,850
8 years$22,899$21,140$19,508$17,996$16,596$15,489
9 years$20,148$18,406$16,802$15,328$13,976$12,916
10 years$17,949$16,224$14,649$13,213$11,908$10,894
11 years$16,151$14,443$12,896$11,499$10,241$9,273
12 years$14,654$12,964$11,445$10,086$8,875$7,952
13 years$13,388$11,715$10,226$8,905$7,739$6,860
14 years$12,304$10,649$9,188$7,905$6,784$5,947
15 years$11,365$9,728$8,295$7,050$5,973$5,178
16 years$10,544$8,925$7,521$6,312$5,279$4,524
17 years$9,821$8,220$6,844$5,671$4,681$3,965
18 years$9,179$7,595$6,247$5,111$4,162$3,484
19 years$8,605$7,039$5,719$4,618$3,710$3,068
20 years$8,089$6,541$5,249$4,183$3,314$2,708
21 years$7,623$6,093$4,828$3,796$2,965$2,393
22 years$7,199$5,688$4,450$3,452$2,658$2,118
23 years$6,814$5,319$4,108$3,143$2,386$1,878
24 years$6,460$4,984$3,800$2,867$2,145$1,666
25 years$6,136$4,677$3,519$2,618$1,930$1,480
26 years$5,837$4,396$3,264$2,394$1,738$1,316
27 years$5,561$4,137$3,031$2,191$1,567$1,170
28 years$5,305$3,898$2,818$2,008$1,414$1,042
29 years$5,066$3,678$2,622$1,841$1,277$928
30 years$4,845$3,473$2,442$1,690$1,154$827
31 years$4,638$3,283$2,277$1,552$1,043$738
32 years$4,444$3,107$2,124$1,426$944$658
33 years$4,262$2,942$1,983$1,311$854$587
34 years$4,092$2,788$1,853$1,207$773$524
35 years$3,931$2,645$1,733$1,111$700$468
36 years$3,780$2,510$1,621$1,023$634$418
37 years$3,637$2,384$1,517$943$575$374
38 years$3,502$2,266$1,421$869$521$334
39 years$3,375$2,155$1,331$801$473$299
40 years$3,254$2,050$1,248$739$429$267
41 years$3,139$1,951$1,170$682$389$239
42 years$3,030$1,858$1,097$629$353$213
43 years$2,926$1,771$1,030$581$320$191
44 years$2,828$1,688$967$536$291$171
45 years$2,734$1,609$908$495$264$153
46 years$2,644$1,535$852$457$240$137
47 years$2,559$1,465$801$423$218$122
48 years$2,477$1,399$753$391$198$109
49 years$2,399$1,336$707$361$180$98
50 years$2,324$1,276$665$334$163$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,380,000, adding $6,942 every year, while hoping to spend $43,512 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: 34/47/19 Blend
56$2,380,000$2,380,000$2,380,000$2,380,000
57$2,629,921$2,503,781$2,466,891$2,703,770
58$2,851,876$2,580,169$2,503,235$2,835,156
59$3,095,013$2,658,843$2,539,339$2,972,226
60$3,361,445$2,739,867$2,575,147$3,119,128
61$3,653,502$2,823,310$2,610,604$3,276,758
62$3,973,748$2,909,241$2,645,648$3,446,098
63$4,325,008$2,997,732$2,680,215$3,628,230
64$4,710,393$3,088,855$2,714,237$3,824,343
65$5,133,332$3,182,688$2,747,642$4,035,744
66$5,597,598$3,279,306$2,780,355$4,263,870
67$6,107,350$3,378,789$2,812,294$4,510,304
68$6,667,169$3,481,219$2,843,375$4,776,785
69$7,282,101$3,586,679$2,873,509$5,065,227
70$7,957,705$3,695,256$2,902,601$5,377,738
71$8,700,105$3,807,037$2,930,552$5,716,636
72$9,516,047$3,922,113$2,957,257$6,084,473
73$10,412,963$4,040,577$2,982,605$6,484,057
74$11,399,043$4,162,523$3,006,480$6,918,482
75$12,483,308$4,288,049$3,028,759$7,391,151
76$13,675,697$4,417,255$3,049,314$7,905,812
77$14,987,161$4,550,243$3,068,009$8,466,593
78$16,429,766$4,687,119$3,084,701$9,078,038
79$18,016,804$4,827,990$3,099,241$9,745,152
80$19,762,923$4,972,967$3,111,471$10,473,447
81$21,684,261$5,122,163$3,121,225$11,268,992
82$23,798,600$5,275,692$3,128,330$12,138,473
83$26,125,531$5,433,675$3,132,603$13,089,254
84$28,686,643$5,596,233$3,133,853$14,129,445
85$31,505,721$5,763,490$3,131,878$15,267,982
86$34,608,977$5,935,572$3,126,468$16,514,705
87$38,025,289$6,112,612$3,117,402$17,880,457
88$41,786,481$6,294,742$3,104,446$19,377,181
89$45,927,616$6,482,098$3,087,359$21,018,036
90$50,487,332$6,674,821$3,065,886$22,817,516
91$55,508,206$6,873,053$3,039,758$24,791,593
92$61,037,150$7,076,939$3,008,697$26,957,861
93$67,125,860$7,286,631$2,972,410$29,335,705
94$73,831,301$7,502,279$2,930,589$31,946,485
95$81,216,243$7,724,039$2,882,913$34,813,734
96$89,349,854$7,952,072$2,829,045$37,963,379
97$98,308,355$8,186,539$2,768,634$41,423,990
98$108,175,735$8,427,607$2,701,310$45,227,047
99$119,044,545$8,675,445$2,626,690$49,407,235
100$131,016,773$8,930,226$2,544,368$54,002,772