Can I retire at age 57 with 2,390,000?

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 $2,390,000?

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%
1 years$197,364$195,606$193,891$192,217$190,582$186,581
2 years$97,705$95,885$94,122$92,412$90,753$86,742
3 years$64,490$62,662$60,903$59,209$57,578$53,680
4 years$47,885$46,063$44,322$42,657$41,065$37,311
5 years$37,925$36,114$34,396$32,765$31,217$27,618
6 years$31,287$29,490$27,797$26,202$24,701$21,261
7 years$26,548$24,766$23,099$21,542$20,088$16,808
8 years$22,995$21,229$19,590$18,071$16,665$13,543
9 years$20,233$18,483$16,873$15,393$14,035$11,068
10 years$18,025$16,292$14,710$13,269$11,958$9,145
11 years$16,219$14,504$12,951$11,548$10,284$7,621
12 years$14,715$13,018$11,493$10,129$8,912$6,394
13 years$13,444$11,764$10,268$8,942$7,772$5,394
14 years$12,355$10,694$9,226$7,938$6,813$4,572
15 years$11,413$9,769$8,330$7,079$5,998$3,889
16 years$10,589$8,963$7,552$6,339$5,301$3,319
17 years$9,862$8,254$6,872$5,695$4,701$2,840
18 years$9,217$7,627$6,274$5,133$4,180$2,435
19 years$8,641$7,069$5,743$4,638$3,725$2,092
20 years$8,123$6,569$5,271$4,200$3,327$1,800
21 years$7,655$6,119$4,848$3,812$2,978$1,551
22 years$7,230$5,711$4,468$3,466$2,669$1,338
23 years$6,842$5,342$4,126$3,157$2,396$1,155
24 years$6,488$5,005$3,816$2,879$2,154$998
25 years$6,162$4,697$3,534$2,629$1,938$863
26 years$5,862$4,414$3,278$2,404$1,746$747
27 years$5,584$4,154$3,044$2,201$1,574$647
28 years$5,327$3,915$2,829$2,016$1,420$560
29 years$5,088$3,693$2,633$1,849$1,282$485
30 years$4,865$3,488$2,453$1,697$1,159$421
31 years$4,657$3,297$2,286$1,558$1,047$365
32 years$4,463$3,120$2,133$1,432$948$316
33 years$4,280$2,954$1,992$1,317$858$275
34 years$4,109$2,800$1,861$1,212$776$238
35 years$3,948$2,656$1,740$1,115$703$207
36 years$3,796$2,521$1,628$1,027$637$179
37 years$3,653$2,394$1,523$947$577$156
38 years$3,517$2,275$1,427$872$524$135
39 years$3,389$2,164$1,337$804$475$117
40 years$3,268$2,058$1,253$742$431$102
41 years$3,152$1,959$1,175$685$391$89
42 years$3,043$1,866$1,102$632$354$77
43 years$2,939$1,778$1,034$583$322$67
44 years$2,840$1,695$971$538$292$58
45 years$2,745$1,616$911$497$265$50
46 years$2,655$1,542$856$459$241$44
47 years$2,569$1,471$804$424$219$38
48 years$2,487$1,405$756$392$198$33
49 years$2,409$1,341$710$362$180$29
50 years$2,333$1,281$668$335$164$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,390,000, adding $5,551 every year, while hoping to spend $32,812 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: 47/42/11 Blend
56$2,390,000$2,390,000$2,390,000$2,390,000
57$2,639,506$2,512,836$2,475,791$2,755,258
58$2,873,824$2,601,053$2,523,818$2,923,881
59$3,130,942$2,692,493$2,572,355$3,102,937
60$3,413,153$2,787,280$2,621,383$3,296,522
61$3,722,978$2,885,540$2,670,883$3,505,997
62$4,063,199$2,987,409$2,720,835$3,732,858
63$4,436,878$3,093,024$2,771,215$3,978,750
64$4,847,387$3,202,531$2,821,999$4,245,482
65$5,298,444$3,316,078$2,873,159$4,535,041
66$5,794,143$3,433,823$2,924,667$4,849,613
67$6,338,993$3,555,928$2,976,491$5,191,603
68$6,937,964$3,682,562$3,028,597$5,563,656
69$7,596,530$3,813,902$3,080,949$5,968,679
70$8,320,724$3,950,130$3,133,509$6,409,874
71$9,117,189$4,091,438$3,186,233$6,890,762
72$9,993,249$4,238,025$3,239,078$7,415,218
73$10,956,968$4,390,096$3,291,995$7,987,505
74$12,017,236$4,547,868$3,344,934$8,612,317
75$13,183,845$4,711,565$3,397,840$9,294,816
76$14,467,585$4,881,419$3,450,656$10,040,690
77$15,880,345$5,057,675$3,503,318$10,856,195
78$17,435,223$5,240,584$3,555,763$11,748,220
79$19,146,655$5,430,411$3,607,920$12,724,350
80$21,030,543$5,627,431$3,659,714$13,792,935
81$23,104,412$5,831,928$3,711,068$14,963,167
82$25,387,571$6,044,202$3,761,898$16,245,171
83$27,901,297$6,264,562$3,812,116$17,650,093
84$30,669,036$6,493,332$3,861,628$19,190,208
85$33,716,621$6,730,849$3,910,336$20,879,034
86$37,072,519$6,977,463$3,958,135$22,731,459
87$40,768,098$7,233,540$4,004,914$24,763,877
88$44,837,923$7,499,462$4,050,558$26,994,346
89$49,320,081$7,775,626$4,094,942$29,442,755
90$54,256,543$8,062,446$4,137,936$32,131,008
91$59,693,557$8,360,353$4,179,404$35,083,236
92$65,682,087$8,669,797$4,219,201$38,326,015
93$72,278,290$8,991,247$4,257,174$41,888,622
94$79,544,050$9,325,192$4,293,163$45,803,305
95$87,547,558$9,672,142$4,326,999$50,105,591
96$96,363,959$10,032,627$4,358,505$54,834,612
97$106,076,060$10,407,203$4,387,491$60,033,482
98$116,775,109$10,796,447$4,413,763$65,749,693
99$128,561,659$11,200,961$4,437,113$72,035,568
100$141,546,514$11,621,374$4,457,322$78,948,751