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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$209,751$207,882$206,060$204,280$202,543$200,595
2 years$103,837$101,903$100,029$98,212$96,449$94,487
3 years$68,537$66,595$64,725$62,925$61,191$59,275
4 years$50,891$48,954$47,103$45,334$43,642$41,787
5 years$40,305$38,381$36,554$34,821$33,176$31,388
6 years$33,251$31,341$29,541$27,847$26,251$24,532
7 years$28,214$26,320$24,549$22,894$21,349$19,700
8 years$24,438$22,561$20,819$19,205$17,711$16,131
9 years$21,503$19,643$17,932$16,359$14,915$13,405
10 years$19,156$17,315$15,633$14,101$12,709$11,266
11 years$17,237$15,414$13,763$12,272$10,930$9,554
12 years$15,639$13,835$12,215$10,765$9,472$8,162
13 years$14,288$12,503$10,913$9,503$8,259$7,014
14 years$13,131$11,365$9,805$8,436$7,240$6,057
15 years$12,129$10,382$8,853$7,524$6,375$5,252
16 years$11,253$9,525$8,026$6,737$5,634$4,570
17 years$10,481$8,772$7,304$6,053$4,996$3,989
18 years$9,796$8,106$6,667$5,455$4,442$3,490
19 years$9,183$7,513$6,104$4,929$3,959$3,060
20 years$8,633$6,981$5,602$4,464$3,536$2,689
21 years$8,135$6,503$5,152$4,051$3,165$2,366
22 years$7,683$6,070$4,749$3,684$2,837$2,085
23 years$7,272$5,677$4,385$3,355$2,546$1,840
24 years$6,895$5,319$4,055$3,060$2,289$1,625
25 years$6,549$4,992$3,756$2,794$2,059$1,437
26 years$6,229$4,691$3,483$2,555$1,855$1,271
27 years$5,934$4,415$3,235$2,339$1,673$1,125
28 years$5,661$4,160$3,007$2,143$1,509$997
29 years$5,407$3,925$2,798$1,965$1,363$884
30 years$5,170$3,707$2,606$1,803$1,231$784
31 years$4,949$3,504$2,430$1,656$1,113$696
32 years$4,743$3,315$2,267$1,522$1,007$618
33 years$4,549$3,140$2,117$1,400$911$549
34 years$4,367$2,976$1,978$1,288$825$487
35 years$4,195$2,822$1,849$1,185$747$433
36 years$4,034$2,679$1,730$1,092$677$385
37 years$3,882$2,544$1,619$1,006$614$342
38 years$3,738$2,418$1,516$927$556$304
39 years$3,602$2,299$1,421$855$505$270
40 years$3,473$2,188$1,331$789$458$241
41 years$3,350$2,082$1,248$728$415$214
42 years$3,234$1,983$1,171$671$377$190
43 years$3,123$1,890$1,099$620$342$169
44 years$3,018$1,801$1,032$572$310$151
45 years$2,918$1,718$969$529$282$134
46 years$2,822$1,639$910$488$256$119
47 years$2,731$1,564$855$451$232$106
48 years$2,643$1,493$803$417$211$95
49 years$2,560$1,425$755$385$192$84
50 years$2,480$1,362$710$356$174$75

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 $4,427 every year, while hoping to spend $37,867 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: 70/23/7 Blend
56$2,540,000$2,540,000$2,540,000$2,540,000
57$2,803,646$2,669,026$2,629,656$2,996,543
58$3,049,328$2,759,519$2,677,460$3,215,167
59$3,318,800$2,853,176$2,725,595$3,449,225
60$3,614,450$2,950,113$2,774,034$3,704,292
61$3,938,905$3,050,449$2,822,746$3,982,424
62$4,295,061$3,154,310$2,871,696$4,285,881
63$4,686,109$3,261,823$2,920,849$4,617,153
64$5,115,561$3,373,121$2,970,167$4,978,980
65$5,587,290$3,488,345$3,019,609$5,374,378
66$6,105,557$3,607,638$3,069,129$5,806,667
67$6,675,061$3,731,150$3,118,683$6,279,506
68$7,300,977$3,859,035$3,168,218$6,796,919
69$7,989,006$3,991,457$3,217,682$7,363,339
70$8,745,428$4,128,582$3,267,019$7,983,648
71$9,577,164$4,270,586$3,316,166$8,663,223
72$10,491,838$4,417,647$3,365,061$9,407,983
73$11,497,850$4,569,956$3,413,634$10,224,448
74$12,604,453$4,727,707$3,461,814$11,119,800
75$13,821,846$4,891,103$3,509,523$12,101,948
76$15,161,262$5,060,355$3,556,681$13,179,604
77$16,635,081$5,235,683$3,603,200$14,362,363
78$18,256,942$5,417,314$3,648,989$15,660,796
79$20,041,873$5,605,484$3,693,953$17,086,544
80$22,006,432$5,800,441$3,737,988$18,652,435
81$24,168,865$6,002,440$3,780,988$20,372,597
82$26,549,277$6,211,747$3,822,839$22,262,594
83$29,169,819$6,428,638$3,863,419$24,339,572
84$32,054,900$6,653,402$3,902,604$26,622,422
85$35,231,417$6,886,336$3,940,259$29,131,953
86$38,729,007$7,127,751$3,976,243$31,891,093
87$42,580,327$7,377,972$4,010,407$34,925,100
88$46,821,361$7,637,334$4,042,597$38,261,804
89$51,491,763$7,906,186$4,072,647$41,931,866
90$56,635,226$8,184,893$4,100,385$45,969,066
91$62,299,899$8,473,832$4,125,627$50,410,624
92$68,538,837$8,773,398$4,148,184$55,297,549
93$75,410,503$9,084,000$4,167,853$60,675,024
94$82,979,322$9,406,063$4,184,423$66,592,833
95$91,316,283$9,740,031$4,197,672$73,105,830
96$100,499,617$10,086,365$4,207,367$80,274,455
97$110,615,527$10,445,545$4,213,262$88,165,304
98$121,759,005$10,818,071$4,215,101$96,851,757
99$134,034,729$11,204,463$4,212,613$106,414,669
100$147,558,052$11,605,262$4,205,515$116,943,131