Can I retire at age 57 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$209,751$207,882$206,060$204,280$202,543$201,436
2 years$103,837$101,903$100,029$98,212$96,449$95,332
3 years$68,537$66,595$64,725$62,925$61,191$60,098
4 years$50,891$48,954$47,103$45,334$43,642$42,582
5 years$40,305$38,381$36,554$34,821$33,176$32,152
6 years$33,251$31,341$29,541$27,847$26,251$25,265
7 years$28,214$26,320$24,549$22,894$21,349$20,401
8 years$24,438$22,561$20,819$19,205$17,711$16,801
9 years$21,503$19,643$17,932$16,359$14,915$14,043
10 years$19,156$17,315$15,633$14,101$12,709$11,873
11 years$17,237$15,414$13,763$12,272$10,930$10,131
12 years$15,639$13,835$12,215$10,765$9,472$8,709
13 years$14,288$12,503$10,913$9,503$8,259$7,532
14 years$13,131$11,365$9,805$8,436$7,240$6,548
15 years$12,129$10,382$8,853$7,524$6,375$5,716
16 years$11,253$9,525$8,026$6,737$5,634$5,008
17 years$10,481$8,772$7,304$6,053$4,996$4,401
18 years$9,796$8,106$6,667$5,455$4,442$3,878
19 years$9,183$7,513$6,104$4,929$3,959$3,425
20 years$8,633$6,981$5,602$4,464$3,536$3,031
21 years$8,135$6,503$5,152$4,051$3,165$2,687
22 years$7,683$6,070$4,749$3,684$2,837$2,386
23 years$7,272$5,677$4,385$3,355$2,546$2,121
24 years$6,895$5,319$4,055$3,060$2,289$1,888
25 years$6,549$4,992$3,756$2,794$2,059$1,682
26 years$6,229$4,691$3,483$2,555$1,855$1,500
27 years$5,934$4,415$3,235$2,339$1,673$1,339
28 years$5,661$4,160$3,007$2,143$1,509$1,196
29 years$5,407$3,925$2,798$1,965$1,363$1,069
30 years$5,170$3,707$2,606$1,803$1,231$955
31 years$4,949$3,504$2,430$1,656$1,113$855
32 years$4,743$3,315$2,267$1,522$1,007$765
33 years$4,549$3,140$2,117$1,400$911$685
34 years$4,367$2,976$1,978$1,288$825$614
35 years$4,195$2,822$1,849$1,185$747$550
36 years$4,034$2,679$1,730$1,092$677$493
37 years$3,882$2,544$1,619$1,006$614$442
38 years$3,738$2,418$1,516$927$556$396
39 years$3,602$2,299$1,421$855$505$355
40 years$3,473$2,188$1,331$789$458$319
41 years$3,350$2,082$1,248$728$415$286
42 years$3,234$1,983$1,171$671$377$257
43 years$3,123$1,890$1,099$620$342$230
44 years$3,018$1,801$1,032$572$310$207
45 years$2,918$1,718$969$529$282$186
46 years$2,822$1,639$910$488$256$167
47 years$2,731$1,564$855$451$232$150
48 years$2,643$1,493$803$417$211$134
49 years$2,560$1,425$755$385$192$121
50 years$2,480$1,362$710$356$174$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,540,000, adding $3,889 every year, while hoping to spend $29,860 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: 60/27/13 Blend
56$2,540,000$2,540,000$2,540,000$2,540,000
57$2,803,092$2,668,472$2,629,102$2,962,112
58$3,057,236$2,767,456$2,685,406$3,168,572
59$3,336,303$2,870,290$2,742,595$3,389,979
60$3,642,801$2,977,130$2,800,668$3,630,780
61$3,979,499$3,088,140$2,859,622$3,892,850
62$4,349,440$3,203,492$2,919,452$4,178,252
63$4,755,983$3,323,363$2,980,154$4,489,254
64$5,202,825$3,447,939$3,041,720$4,828,353
65$5,694,039$3,577,414$3,104,144$5,198,297
66$6,234,113$3,711,990$3,167,415$5,602,108
67$6,827,992$3,851,877$3,231,523$6,043,116
68$7,481,124$3,997,296$3,296,456$6,524,982
69$8,199,511$4,148,476$3,362,199$7,051,739
70$8,989,766$4,305,656$3,428,737$7,627,824
71$9,859,174$4,469,085$3,496,052$8,258,123
72$10,815,765$4,639,025$3,564,125$8,948,017
73$11,868,383$4,815,747$3,632,933$9,703,427
74$13,026,774$4,999,535$3,702,452$10,530,875
75$14,301,677$5,190,684$3,772,657$11,437,542
76$15,704,925$5,389,505$3,843,518$12,431,336
77$17,249,555$5,596,318$3,915,003$13,520,963
78$18,949,933$5,811,461$3,987,080$14,716,015
79$20,821,889$6,035,286$4,059,710$16,027,051
80$22,882,866$6,268,158$4,132,853$17,465,703
81$25,152,081$6,510,461$4,206,467$19,044,782
82$27,650,714$6,762,595$4,280,505$20,778,398
83$30,402,102$7,024,976$4,354,916$22,682,093
84$33,431,957$7,298,042$4,429,647$24,772,986
85$36,768,617$7,582,245$4,504,640$27,069,932
86$40,443,303$7,878,063$4,579,833$29,593,704
87$44,490,423$8,185,991$4,655,160$32,367,183
88$48,947,888$8,506,547$4,730,550$35,415,573
89$53,857,478$8,840,273$4,805,929$38,766,642
90$59,265,229$9,187,734$4,881,215$42,450,979
91$65,221,870$9,549,520$4,956,324$46,502,283
92$71,783,303$9,926,250$5,031,163$50,957,678
93$79,011,130$10,318,566$5,105,637$55,858,066
94$86,973,232$10,727,142$5,179,643$61,248,505
95$95,744,412$11,152,682$5,253,071$67,178,641
96$105,407,099$11,595,921$5,325,806$73,703,169
97$116,052,128$12,057,627$5,397,726$80,882,350
98$127,779,596$12,538,601$5,468,700$88,782,578
99$140,699,805$13,039,683$5,538,592$97,477,005
100$154,934,306$13,561,748$5,607,256$107,046,228