Can I retire at age 57 with 2,530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$208,925$207,064$205,248$203,476$201,746$199,473
2 years$103,428$101,502$99,635$97,825$96,069$93,781
3 years$68,267$66,333$64,471$62,677$60,950$58,718
4 years$50,690$48,762$46,918$45,156$43,470$41,311
5 years$40,147$38,230$36,410$34,684$33,045$30,965
6 years$33,120$31,217$29,425$27,737$26,148$24,150
7 years$28,103$26,216$24,452$22,804$21,265$19,350
8 years$24,342$22,472$20,737$19,130$17,641$15,808
9 years$21,418$19,566$17,861$16,294$14,857$13,105
10 years$19,080$17,247$15,572$14,046$12,659$10,988
11 years$17,169$15,354$13,709$12,224$10,887$9,295
12 years$15,577$13,781$12,167$10,722$9,434$7,920
13 years$14,232$12,454$10,870$9,466$8,227$6,789
14 years$13,079$11,320$9,767$8,403$7,212$5,847
15 years$12,081$10,341$8,818$7,494$6,350$5,057
16 years$11,209$9,488$7,995$6,710$5,612$4,388
17 years$10,440$8,738$7,275$6,029$4,976$3,819
18 years$9,757$8,074$6,641$5,433$4,424$3,332
19 years$9,147$7,483$6,080$4,909$3,943$2,913
20 years$8,599$6,954$5,580$4,446$3,522$2,552
21 years$8,103$6,477$5,132$4,035$3,152$2,239
22 years$7,653$6,046$4,730$3,669$2,825$1,967
23 years$7,243$5,655$4,367$3,342$2,536$1,730
24 years$6,868$5,298$4,039$3,048$2,280$1,524
25 years$6,523$4,972$3,741$2,783$2,051$1,343
26 years$6,205$4,673$3,470$2,545$1,848$1,184
27 years$5,911$4,398$3,222$2,329$1,666$1,045
28 years$5,639$4,144$2,995$2,134$1,503$923
29 years$5,386$3,909$2,787$1,957$1,357$816
30 years$5,150$3,692$2,596$1,796$1,226$721
31 years$4,930$3,490$2,420$1,650$1,109$638
32 years$4,724$3,302$2,258$1,516$1,003$565
33 years$4,531$3,127$2,109$1,394$908$500
34 years$4,350$2,964$1,970$1,283$822$442
35 years$4,179$2,811$1,842$1,181$744$392
36 years$4,018$2,668$1,723$1,088$674$347
37 years$3,867$2,534$1,613$1,002$611$307
38 years$3,723$2,409$1,510$924$554$272
39 years$3,587$2,290$1,415$852$503$241
40 years$3,459$2,179$1,326$785$456$214
41 years$3,337$2,074$1,244$725$414$190
42 years$3,221$1,975$1,167$669$375$168
43 years$3,111$1,882$1,095$617$341$149
44 years$3,006$1,794$1,027$570$309$132
45 years$2,906$1,711$965$526$281$117
46 years$2,811$1,632$906$486$255$104
47 years$2,720$1,558$851$449$231$92
48 years$2,633$1,487$800$415$210$82
49 years$2,550$1,420$752$384$191$73
50 years$2,470$1,356$707$355$173$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,530,000, adding $6,292 every year, while hoping to spend $50,340 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: 35/48/17 Blend
56$2,530,000$2,530,000$2,530,000$2,530,000
57$2,794,550$2,660,460$2,621,245$2,877,571
58$3,026,033$2,737,261$2,655,496$3,015,441
59$3,279,440$2,816,139$2,689,206$3,158,929
60$3,556,954$2,897,141$2,722,306$3,312,680
61$3,860,979$2,980,316$2,754,719$3,477,635
62$4,194,163$3,065,716$2,786,366$3,654,825
63$4,559,422$3,153,391$2,817,164$3,845,386
64$4,959,967$3,243,391$2,847,023$4,050,567
65$5,399,336$3,335,769$2,875,850$4,271,742
66$5,881,423$3,430,577$2,903,546$4,510,424
67$6,410,522$3,527,868$2,930,008$4,768,275
68$6,991,358$3,627,697$2,955,126$5,047,127
69$7,629,138$3,730,116$2,978,785$5,348,995
70$8,329,599$3,835,181$3,000,864$5,676,098
71$9,099,060$3,942,946$3,021,234$6,030,878
72$9,944,480$4,053,466$3,039,761$6,416,025
73$10,873,528$4,166,797$3,056,305$6,834,500
74$11,894,653$4,282,996$3,070,716$7,289,562
75$13,017,162$4,402,116$3,082,839$7,784,803
76$14,251,307$4,524,215$3,092,509$8,324,177
77$15,608,388$4,649,348$3,099,555$8,912,039
78$17,100,848$4,777,572$3,103,795$9,553,187
79$18,742,403$4,908,941$3,105,040$10,252,904
80$20,548,160$5,043,511$3,103,091$11,017,010
81$22,534,766$5,181,337$3,097,739$11,851,919
82$24,720,563$5,322,473$3,088,764$12,764,692
83$27,125,760$5,466,974$3,075,937$13,763,113
84$29,772,623$5,614,891$3,059,016$14,855,752
85$32,685,688$5,766,278$3,037,750$16,052,056
86$35,891,987$5,921,184$3,011,874$17,362,431
87$39,421,308$6,079,661$2,981,110$18,798,342
88$43,306,472$6,241,755$2,945,168$20,372,422
89$47,583,646$6,407,514$2,903,744$22,098,591
90$52,292,678$6,576,982$2,856,520$23,992,184
91$57,477,479$6,750,203$2,803,162$26,070,103
92$63,186,436$6,927,216$2,743,321$28,350,968
93$69,472,862$7,108,060$2,676,633$30,855,299
94$76,395,509$7,292,770$2,602,715$33,605,707
95$84,019,113$7,481,378$2,521,167$36,627,105
96$92,415,009$7,673,912$2,431,573$39,946,951
97$101,661,804$7,870,397$2,333,495$43,595,498
98$111,846,116$8,070,855$2,226,475$47,606,086
99$123,063,395$8,275,302$2,110,037$52,015,455
100$135,418,819$8,483,750$1,983,681$56,864,090