Can I retire at age 57 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$198,190$196,424$194,702$193,021$191,379$188,753
2 years$98,114$96,286$94,516$92,799$91,133$88,492
3 years$64,759$62,924$61,158$59,457$57,819$55,244
4 years$48,086$46,256$44,507$42,835$41,237$38,750
5 years$38,084$36,265$34,539$32,902$31,347$28,954
6 years$31,418$29,613$27,913$26,312$24,804$22,508
7 years$26,659$24,869$23,196$21,632$20,172$17,974
8 years$23,091$21,318$19,672$18,147$16,735$14,634
9 years$20,318$18,561$16,943$15,457$14,093$12,089
10 years$18,100$16,360$14,772$13,324$12,008$10,099
11 years$16,287$14,565$13,005$11,596$10,327$8,512
12 years$14,777$13,072$11,541$10,171$8,950$7,225
13 years$13,500$11,814$10,311$8,980$7,804$6,168
14 years$12,407$10,738$9,265$7,971$6,841$5,292
15 years$11,460$9,810$8,365$7,109$6,023$4,558
16 years$10,633$9,000$7,584$6,365$5,324$3,939
17 years$9,904$8,289$6,901$5,719$4,720$3,414
18 years$9,256$7,659$6,300$5,154$4,197$2,966
19 years$8,677$7,099$5,767$4,657$3,741$2,582
20 years$8,157$6,596$5,293$4,218$3,341$2,251
21 years$7,687$6,144$4,868$3,828$2,990$1,966
22 years$7,260$5,735$4,487$3,481$2,680$1,720
23 years$6,871$5,364$4,143$3,170$2,406$1,506
24 years$6,515$5,026$3,832$2,891$2,163$1,320
25 years$6,188$4,717$3,549$2,640$1,946$1,158
26 years$5,886$4,433$3,291$2,414$1,753$1,016
27 years$5,607$4,172$3,056$2,210$1,580$893
28 years$5,349$3,931$2,841$2,025$1,426$785
29 years$5,109$3,708$2,644$1,857$1,288$690
30 years$4,885$3,502$2,463$1,704$1,163$607
31 years$4,677$3,311$2,296$1,565$1,052$534
32 years$4,481$3,133$2,142$1,438$951$470
33 years$4,298$2,967$2,000$1,323$861$414
34 years$4,126$2,812$1,869$1,217$780$365
35 years$3,964$2,667$1,747$1,120$706$322
36 years$3,812$2,531$1,634$1,032$640$283
37 years$3,668$2,404$1,530$951$580$250
38 years$3,532$2,285$1,433$876$526$220
39 years$3,403$2,173$1,342$808$477$194
40 years$3,281$2,067$1,258$745$432$171
41 years$3,165$1,968$1,180$687$392$151
42 years$3,056$1,874$1,107$634$356$133
43 years$2,951$1,785$1,038$586$323$117
44 years$2,852$1,702$975$541$293$104
45 years$2,757$1,623$915$499$266$91
46 years$2,666$1,548$860$461$242$81
47 years$2,580$1,477$808$426$219$71
48 years$2,498$1,410$759$394$199$63
49 years$2,419$1,347$713$364$181$55
50 years$2,343$1,287$671$336$164$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,400,000, adding $2,105 every year, while hoping to spend $50,216 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: 76/6/18 Blend
56$2,400,000$2,400,000$2,400,000$2,400,000
57$2,646,971$2,519,771$2,482,571$2,837,131
58$2,863,533$2,589,811$2,512,308$3,033,255
59$3,100,501$2,661,599$2,541,358$3,241,788
60$3,359,903$2,735,169$2,569,645$3,469,086
61$3,643,974$2,810,553$2,597,089$3,717,006
62$3,955,173$2,887,784$2,623,605$3,987,595
63$4,296,209$2,966,893$2,649,104$4,283,107
64$4,670,066$3,047,914$2,673,492$4,606,025
65$5,080,028$3,130,877$2,696,670$4,959,086
66$5,529,716$3,215,815$2,718,533$5,345,302
67$6,023,114$3,302,758$2,738,971$5,767,994
68$6,564,615$3,391,736$2,757,869$6,230,820
69$7,159,053$3,482,778$2,775,106$6,737,809
70$7,811,757$3,575,915$2,790,552$7,293,402
71$8,528,595$3,671,173$2,804,074$7,902,490
72$9,316,031$3,768,581$2,815,530$8,570,464
73$10,181,188$3,868,163$2,824,772$9,303,261
74$11,131,911$3,969,944$2,831,644$10,107,427
75$12,176,843$4,073,949$2,835,981$10,990,171
76$13,325,507$4,180,198$2,837,613$11,959,437
77$14,588,393$4,288,712$2,836,357$13,023,980
78$15,977,060$4,399,510$2,832,026$14,193,447
79$17,504,241$4,512,607$2,824,420$15,478,465
80$19,183,966$4,628,018$2,813,331$16,890,749
81$21,031,694$4,745,754$2,798,541$18,443,205
82$23,064,456$4,865,824$2,779,820$20,150,055
83$25,301,016$4,988,236$2,756,930$22,026,972
84$27,762,051$5,112,990$2,729,618$24,091,225
85$30,470,342$5,240,089$2,697,622$26,361,846
86$33,450,990$5,369,526$2,660,666$28,859,807
87$36,731,653$5,501,296$2,618,461$31,608,218
88$40,342,808$5,635,385$2,570,705$34,632,545
89$44,318,032$5,771,777$2,517,082$37,960,853
90$48,694,327$5,910,450$2,457,260$41,624,068
91$53,512,464$6,051,378$2,390,894$45,656,271
92$58,817,368$6,194,527$2,317,621$50,095,017
93$64,658,540$6,339,860$2,237,062$54,981,695
94$71,090,529$6,487,331$2,148,822$60,361,912
95$78,173,441$6,636,888$2,052,485$66,285,928
96$85,973,507$6,788,471$1,947,618$72,809,130
97$94,563,711$6,942,012$1,833,770$79,992,555
98$104,024,474$7,097,435$1,710,466$87,903,466
99$114,444,416$7,254,655$1,577,212$96,615,985
100$125,921,190$7,413,576$1,433,491$106,211,798