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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$208,925$207,064$205,248$203,476$201,746$194,125
2 years$103,428$101,502$99,635$97,825$96,069$88,480
3 years$68,267$66,333$64,471$62,677$60,950$53,631
4 years$50,690$48,762$46,918$45,156$43,470$36,477
5 years$40,147$38,230$36,410$34,684$33,045$26,396
6 years$33,120$31,217$29,425$27,737$26,148$19,847
7 years$28,103$26,216$24,452$22,804$21,265$15,311
8 years$24,342$22,472$20,737$19,130$17,641$12,029
9 years$21,418$19,566$17,861$16,294$14,857$9,577
10 years$19,080$17,247$15,572$14,046$12,659$7,703
11 years$17,169$15,354$13,709$12,224$10,887$6,244
12 years$15,577$13,781$12,167$10,722$9,434$5,092
13 years$14,232$12,454$10,870$9,466$8,227$4,173
14 years$13,079$11,320$9,767$8,403$7,212$3,433
15 years$12,081$10,341$8,818$7,494$6,350$2,833
16 years$11,209$9,488$7,995$6,710$5,612$2,344
17 years$10,440$8,738$7,275$6,029$4,976$1,944
18 years$9,757$8,074$6,641$5,433$4,424$1,614
19 years$9,147$7,483$6,080$4,909$3,943$1,343
20 years$8,599$6,954$5,580$4,446$3,522$1,118
21 years$8,103$6,477$5,132$4,035$3,152$932
22 years$7,653$6,046$4,730$3,669$2,825$777
23 years$7,243$5,655$4,367$3,342$2,536$649
24 years$6,868$5,298$4,039$3,048$2,280$542
25 years$6,523$4,972$3,741$2,783$2,051$453
26 years$6,205$4,673$3,470$2,545$1,848$379
27 years$5,911$4,398$3,222$2,329$1,666$317
28 years$5,639$4,144$2,995$2,134$1,503$265
29 years$5,386$3,909$2,787$1,957$1,357$221
30 years$5,150$3,692$2,596$1,796$1,226$185
31 years$4,930$3,490$2,420$1,650$1,109$155
32 years$4,724$3,302$2,258$1,516$1,003$130
33 years$4,531$3,127$2,109$1,394$908$109
34 years$4,350$2,964$1,970$1,283$822$91
35 years$4,179$2,811$1,842$1,181$744$76
36 years$4,018$2,668$1,723$1,088$674$64
37 years$3,867$2,534$1,613$1,002$611$53
38 years$3,723$2,409$1,510$924$554$45
39 years$3,587$2,290$1,415$852$503$37
40 years$3,459$2,179$1,326$785$456$31
41 years$3,337$2,074$1,244$725$414$26
42 years$3,221$1,975$1,167$669$375$22
43 years$3,111$1,882$1,095$617$341$18
44 years$3,006$1,794$1,027$570$309$15
45 years$2,906$1,711$965$526$281$13
46 years$2,811$1,632$906$486$255$11
47 years$2,720$1,558$851$449$231$9
48 years$2,633$1,487$800$415$210$8
49 years$2,550$1,420$752$384$191$6
50 years$2,470$1,356$707$355$173$5

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 $6,298 every year, while hoping to spend $36,440 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: 47/26/27 Blend
56$2,530,000$2,530,000$2,530,000$2,530,000
57$2,794,556$2,660,466$2,621,251$2,904,022
58$3,040,829$2,752,057$2,670,291$3,073,398
59$3,311,001$2,846,915$2,719,753$3,253,089
60$3,607,470$2,945,161$2,769,612$3,447,439
61$3,932,879$3,046,921$2,819,841$3,657,842
62$4,290,140$3,152,328$2,870,413$3,885,836
63$4,682,459$3,261,516$2,921,297$4,133,109
64$5,113,368$3,374,629$2,972,458$4,401,520
65$5,586,759$3,491,813$3,023,863$4,693,116
66$6,106,918$3,613,221$3,075,472$5,010,147
67$6,678,568$3,739,014$3,127,245$5,355,092
68$7,306,912$3,869,356$3,179,138$5,730,679
69$7,997,682$4,004,419$3,231,103$6,139,910
70$8,757,192$4,144,382$3,283,092$6,586,092
71$9,592,400$4,289,431$3,335,051$7,072,862
72$10,510,972$4,439,761$3,386,922$7,604,230
73$11,521,353$4,595,570$3,438,645$8,184,607
74$12,632,848$4,757,070$3,490,157$8,818,852
75$13,855,709$4,924,477$3,541,388$9,512,315
76$15,201,233$5,098,018$3,592,266$10,270,889
77$16,681,866$5,277,929$3,642,714$11,101,062
78$18,311,322$5,464,453$3,692,650$12,009,984
79$20,104,712$5,657,846$3,741,989$13,005,524
80$22,078,684$5,858,372$3,790,638$14,096,353
81$24,251,586$6,066,308$3,838,500$15,292,023
82$26,643,631$6,281,941$3,885,473$16,603,051
83$29,277,094$6,505,568$3,931,449$18,041,028
84$32,176,518$6,737,502$3,976,313$19,618,717
85$35,368,948$6,978,064$4,019,945$21,350,181
86$38,884,185$7,227,593$4,062,216$23,250,912
87$42,755,065$7,486,438$4,102,994$25,337,974
88$47,017,772$7,754,965$4,142,135$27,630,170
89$51,712,179$8,033,552$4,179,490$30,148,213
90$56,882,221$8,322,596$4,214,903$32,914,923
91$62,576,313$8,622,508$4,248,207$35,955,442
92$68,847,803$8,933,717$4,279,229$39,297,470
93$75,755,479$9,256,670$4,307,783$42,971,527
94$83,364,122$9,591,831$4,333,678$47,011,237
95$91,745,117$9,939,685$4,356,711$51,453,651
96$100,977,126$10,300,736$4,376,667$56,339,587
97$111,146,830$10,675,510$4,393,323$61,714,024
98$122,349,751$11,064,554$4,406,444$67,626,520
99$134,691,147$11,468,438$4,415,781$74,131,678
100$148,287,009$11,887,757$4,421,075$81,289,665