Can I retire at age 57 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$203,970$202,153$200,381$198,651$196,961$189,147
2 years$100,975$99,095$97,272$95,505$93,791$86,015
3 years$66,648$64,760$62,942$61,191$59,505$52,012
4 years$49,488$47,605$45,805$44,085$42,439$35,287
5 years$39,195$37,323$35,547$33,861$32,262$25,467
6 years$32,335$30,477$28,727$27,079$25,528$19,096
7 years$27,436$25,595$23,872$22,263$20,761$14,690
8 years$23,765$21,939$20,246$18,676$17,223$11,506
9 years$20,910$19,102$17,438$15,908$14,504$9,133
10 years$18,628$16,838$15,202$13,713$12,358$7,323
11 years$16,762$14,989$13,384$11,934$10,629$5,916
12 years$15,208$13,454$11,878$10,468$9,211$4,809
13 years$13,894$12,158$10,612$9,242$8,032$3,927
14 years$12,769$11,052$9,535$8,204$7,041$3,220
15 years$11,795$10,096$8,609$7,316$6,199$2,648
16 years$10,943$9,263$7,805$6,551$5,479$2,183
17 years$10,192$8,531$7,102$5,886$4,858$1,803
18 years$9,526$7,883$6,484$5,304$4,319$1,492
19 years$8,930$7,306$5,935$4,793$3,850$1,236
20 years$8,395$6,789$5,447$4,341$3,439$1,026
21 years$7,911$6,323$5,010$3,940$3,077$851
22 years$7,472$5,903$4,618$3,582$2,758$707
23 years$7,071$5,521$4,264$3,262$2,476$588
24 years$6,705$5,172$3,943$2,975$2,226$489
25 years$6,368$4,854$3,652$2,717$2,003$407
26 years$6,058$4,562$3,387$2,485$1,804$339
27 years$5,771$4,293$3,145$2,274$1,626$282
28 years$5,505$4,046$2,924$2,084$1,468$235
29 years$5,258$3,817$2,721$1,911$1,325$196
30 years$5,028$3,604$2,535$1,754$1,197$163
31 years$4,813$3,407$2,363$1,611$1,083$136
32 years$4,612$3,224$2,205$1,480$979$113
33 years$4,423$3,053$2,058$1,361$886$95
34 years$4,246$2,894$1,923$1,252$802$79
35 years$4,080$2,745$1,798$1,153$727$66
36 years$3,923$2,605$1,682$1,062$658$55
37 years$3,775$2,474$1,574$978$597$46
38 years$3,635$2,351$1,474$902$541$38
39 years$3,502$2,236$1,381$831$491$32
40 years$3,377$2,127$1,295$767$445$26
41 years$3,258$2,025$1,214$707$404$22
42 years$3,145$1,929$1,139$653$366$18
43 years$3,037$1,838$1,069$603$332$15
44 years$2,935$1,752$1,003$557$302$13
45 years$2,837$1,670$942$514$274$11
46 years$2,744$1,593$885$475$249$9
47 years$2,655$1,521$831$439$226$7
48 years$2,570$1,452$781$405$205$6
49 years$2,489$1,386$734$375$186$5
50 years$2,412$1,324$690$346$169$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,470,000, adding $6,818 every year, while hoping to spend $57,879 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: 42/35/23 Blend
56$2,470,000$2,470,000$2,470,000$2,470,000
57$2,728,973$2,598,063$2,559,778$2,824,952
58$2,945,745$2,663,785$2,583,948$2,959,803
59$3,182,689$2,730,788$2,606,987$3,099,678
60$3,441,799$2,799,073$2,628,798$3,249,996
61$3,725,275$2,868,640$2,649,275$3,411,749
62$4,035,536$2,939,486$2,668,309$3,586,030
63$4,375,248$3,011,609$2,685,784$3,774,045
64$4,747,346$3,084,999$2,701,580$3,977,120
65$5,155,061$3,159,650$2,715,569$4,196,718
66$5,601,952$3,235,548$2,727,615$4,434,449
67$6,091,940$3,312,679$2,737,579$4,692,091
68$6,629,343$3,391,025$2,745,313$4,971,599
69$7,218,915$3,470,564$2,750,660$5,275,130
70$7,865,895$3,551,273$2,753,458$5,605,060
71$8,576,053$3,633,122$2,753,536$5,964,009
72$9,355,744$3,716,078$2,750,712$6,354,864
73$10,211,968$3,800,104$2,744,800$6,780,807
74$11,152,439$3,885,159$2,735,600$7,245,344
75$12,185,651$3,971,195$2,722,906$7,752,343
76$13,320,964$4,058,161$2,706,501$8,306,063
77$14,568,689$4,145,998$2,686,155$8,911,203
78$15,940,185$4,234,641$2,661,631$9,572,939
79$17,447,967$4,324,021$2,632,679$10,296,978
80$19,105,821$4,414,060$2,599,035$11,089,612
81$20,928,939$4,504,674$2,560,427$11,957,775
82$22,934,056$4,595,768$2,516,567$12,909,111
83$25,139,612$4,687,242$2,467,154$13,952,046
84$27,565,922$4,778,987$2,411,873$15,095,868
85$30,235,371$4,870,882$2,350,396$16,350,816
86$33,172,622$4,962,799$2,282,377$17,728,175
87$36,404,850$5,054,596$2,207,457$19,240,387
88$39,961,997$5,146,124$2,125,259$20,901,165
89$43,877,054$5,237,217$2,035,389$22,725,625
90$48,186,373$5,327,700$1,937,434$24,730,431
91$52,930,010$5,417,384$1,830,964$26,933,949
92$58,152,099$5,506,064$1,715,530$29,356,425
93$63,901,272$5,593,521$1,590,660$32,020,177
94$70,231,118$5,679,519$1,455,863$34,949,805
95$77,200,684$5,763,807$1,310,626$38,172,422
96$84,875,034$5,846,114$1,154,412$41,717,918
97$93,325,863$5,926,150$986,661$45,619,236
98$102,632,175$6,003,605$806,788$49,912,691
99$112,881,024$6,078,148$614,182$54,638,307
100$124,168,337$6,149,426$408,205$59,840,204