Can I retire at age 57 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$204,796$202,972$201,192$199,455$197,759$192,821
2 years$101,384$99,496$97,666$95,892$94,171$89,228
3 years$66,918$65,022$63,196$61,439$59,746$54,952
4 years$49,688$47,798$45,991$44,263$42,611$38,003
5 years$39,353$37,474$35,691$33,998$32,392$27,983
6 years$32,465$30,600$28,843$27,189$25,631$21,424
7 years$27,548$25,698$23,969$22,353$20,845$16,841
8 years$23,861$22,028$20,328$18,752$17,293$13,491
9 years$20,995$19,179$17,508$15,972$14,563$10,960
10 years$18,703$16,906$15,264$13,768$12,408$8,999
11 years$16,830$15,050$13,438$11,983$10,672$7,452
12 years$15,270$13,508$11,926$10,510$9,248$6,212
13 years$13,950$12,207$10,655$9,279$8,064$5,206
14 years$12,821$11,096$9,574$8,237$7,069$4,382
15 years$11,842$10,137$8,644$7,346$6,224$3,702
16 years$10,987$9,300$7,837$6,577$5,501$3,137
17 years$10,234$8,565$7,131$5,910$4,878$2,664
18 years$9,564$7,915$6,510$5,326$4,337$2,268
19 years$8,966$7,335$5,959$4,812$3,866$1,934
20 years$8,429$6,816$5,469$4,359$3,453$1,651
21 years$7,943$6,349$5,031$3,956$3,090$1,412
22 years$7,502$5,927$4,637$3,597$2,770$1,209
23 years$7,100$5,543$4,281$3,275$2,486$1,035
24 years$6,732$5,193$3,959$2,987$2,235$888
25 years$6,394$4,874$3,667$2,728$2,011$762
26 years$6,082$4,581$3,401$2,495$1,811$654
27 years$5,794$4,311$3,158$2,283$1,633$561
28 years$5,527$4,062$2,936$2,092$1,474$482
29 years$5,279$3,832$2,732$1,918$1,331$415
30 years$5,048$3,619$2,545$1,761$1,202$356
31 years$4,832$3,421$2,373$1,617$1,087$307
32 years$4,631$3,237$2,214$1,486$983$264
33 years$4,441$3,066$2,067$1,367$890$227
34 years$4,264$2,905$1,931$1,257$806$195
35 years$4,096$2,756$1,805$1,157$730$168
36 years$3,939$2,616$1,689$1,066$661$145
37 years$3,790$2,484$1,581$982$599$124
38 years$3,650$2,361$1,480$905$543$107
39 years$3,517$2,245$1,387$835$493$92
40 years$3,391$2,136$1,300$770$447$79
41 years$3,271$2,033$1,219$710$405$68
42 years$3,157$1,936$1,143$656$368$59
43 years$3,049$1,845$1,073$605$334$51
44 years$2,947$1,759$1,007$559$303$44
45 years$2,849$1,677$946$516$275$38
46 years$2,755$1,600$888$477$250$32
47 years$2,666$1,527$834$440$227$28
48 years$2,581$1,457$784$407$206$24
49 years$2,499$1,392$737$376$187$21
50 years$2,421$1,330$693$348$170$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,480,000, adding $5,023 every year, while hoping to spend $32,778 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: 39/31/30 Blend
56$2,480,000$2,480,000$2,480,000$2,480,000
57$2,738,141$2,606,701$2,568,261$2,820,424
58$2,982,556$2,699,554$2,619,422$2,974,130
59$3,250,803$2,795,858$2,671,199$3,136,859
60$3,545,277$2,895,748$2,723,577$3,312,215
61$3,868,619$2,999,363$2,776,540$3,501,373
62$4,223,737$3,106,850$2,830,073$3,705,625
63$4,613,832$3,218,360$2,884,155$3,926,392
64$5,042,435$3,334,052$2,938,765$4,165,233
65$5,513,431$3,454,088$2,993,882$4,423,868
66$6,031,105$3,578,642$3,049,481$4,704,184
67$6,600,173$3,707,891$3,105,534$5,008,260
68$7,225,834$3,842,021$3,162,012$5,338,380
69$7,913,814$3,981,225$3,218,885$5,697,058
70$8,670,423$4,125,705$3,276,117$6,087,062
71$9,502,612$4,275,670$3,333,673$6,511,437
72$10,418,040$4,431,340$3,391,513$6,973,532
73$11,425,146$4,592,942$3,449,595$7,477,036
74$12,533,227$4,760,712$3,507,873$8,026,007
75$13,752,529$4,934,899$3,566,299$8,624,915
76$15,094,338$5,115,760$3,624,821$9,278,677
77$16,571,091$5,303,564$3,683,383$9,992,710
78$18,196,493$5,498,589$3,741,927$10,772,976
79$19,985,643$5,701,128$3,800,390$11,626,040
80$21,955,180$5,911,484$3,858,703$12,559,130
81$24,123,435$6,129,974$3,916,797$13,580,207
82$26,510,611$6,356,928$3,974,595$14,698,037
83$29,138,966$6,592,690$4,032,017$15,922,273
84$32,033,028$6,837,619$4,088,977$17,263,547
85$35,219,824$7,092,090$4,145,385$18,733,568
86$38,729,135$7,356,491$4,201,144$20,345,234
87$42,593,778$7,631,230$4,256,153$22,112,748
88$46,849,913$7,916,730$4,310,305$24,051,757
89$51,537,389$8,213,435$4,363,485$26,179,495
90$56,700,114$8,521,805$4,415,573$28,514,947
91$62,386,474$8,842,321$4,466,442$31,079,024
92$68,649,785$9,175,485$4,515,959$33,894,763
93$75,548,800$9,521,821$4,563,981$36,987,541
94$83,148,262$9,881,875$4,610,358$40,385,314
95$91,519,514$10,256,216$4,654,935$44,118,882
96$100,741,173$10,645,439$4,697,543$48,222,173
97$110,899,870$11,050,164$4,738,009$52,732,570
98$122,091,073$11,471,037$4,776,148$57,691,253
99$134,419,980$11,908,736$4,811,767$63,143,596
100$148,002,517$12,363,963$4,844,660$69,139,588