Can I retire at age 57 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$210,577$208,701$206,871$205,085$203,341$199,725
2 years$104,246$102,304$100,423$98,598$96,829$93,199
3 years$68,807$66,857$64,980$63,173$61,432$57,901
4 years$51,091$49,147$47,289$45,513$43,814$40,408
5 years$40,464$38,532$36,698$34,958$33,307$30,036
6 years$33,382$31,464$29,658$27,956$26,354$23,223
7 years$28,325$26,424$24,646$22,984$21,433$18,441
8 years$24,534$22,650$20,901$19,281$17,781$14,928
9 years$21,587$19,721$18,002$16,423$14,974$12,259
10 years$19,231$17,383$15,695$14,157$12,759$10,179
11 years$17,305$15,475$13,818$12,321$10,973$8,525
12 years$15,701$13,889$12,263$10,807$9,509$7,190
13 years$14,344$12,552$10,956$9,541$8,292$6,098
14 years$13,183$11,409$9,844$8,469$7,269$5,197
15 years$12,177$10,423$8,888$7,553$6,400$4,445
16 years$11,297$9,563$8,058$6,763$5,656$3,815
17 years$10,522$8,807$7,332$6,077$5,015$3,283
18 years$9,834$8,138$6,694$5,476$4,459$2,831
19 years$9,219$7,542$6,128$4,948$3,975$2,447
20 years$8,667$7,009$5,624$4,482$3,550$2,118
21 years$8,167$6,528$5,173$4,067$3,177$1,836
22 years$7,714$6,094$4,767$3,698$2,848$1,593
23 years$7,300$5,699$4,402$3,368$2,556$1,384
24 years$6,922$5,340$4,071$3,072$2,298$1,204
25 years$6,574$5,011$3,771$2,805$2,068$1,048
26 years$6,254$4,710$3,497$2,565$1,862$912
27 years$5,958$4,433$3,247$2,348$1,679$795
28 years$5,683$4,177$3,019$2,151$1,515$693
29 years$5,428$3,940$2,809$1,973$1,368$605
30 years$5,191$3,721$2,617$1,810$1,236$528
31 years$4,969$3,518$2,439$1,663$1,118$461
32 years$4,761$3,328$2,276$1,528$1,011$402
33 years$4,567$3,152$2,125$1,405$915$351
34 years$4,384$2,988$1,986$1,293$828$307
35 years$4,212$2,834$1,856$1,190$750$268
36 years$4,050$2,690$1,737$1,096$680$234
37 years$3,897$2,554$1,625$1,010$616$205
38 years$3,753$2,428$1,522$931$559$179
39 years$3,616$2,308$1,426$858$507$156
40 years$3,486$2,196$1,337$792$459$137
41 years$3,363$2,091$1,253$730$417$120
42 years$3,247$1,991$1,176$674$378$105
43 years$3,135$1,897$1,103$622$343$91
44 years$3,030$1,808$1,036$575$312$80
45 years$2,929$1,724$972$531$283$70
46 years$2,833$1,645$913$490$257$61
47 years$2,741$1,570$858$453$233$54
48 years$2,654$1,499$806$418$212$47
49 years$2,570$1,431$758$387$192$41
50 years$2,490$1,367$713$357$175$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,550,000, adding $3,207 every year, while hoping to spend $36,931 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: 47/48/5 Blend
56$2,550,000$2,550,000$2,550,000$2,550,000
57$2,813,408$2,678,258$2,638,733$2,941,848
58$3,061,081$2,770,198$2,687,836$3,122,074
59$3,332,780$2,865,406$2,737,347$3,313,386
60$3,630,914$2,964,002$2,787,239$3,520,118
61$3,958,142$3,066,112$2,837,486$3,743,710
62$4,317,388$3,171,868$2,888,057$3,985,740
63$4,711,876$3,281,404$2,938,922$4,247,946
64$5,145,156$3,394,861$2,990,045$4,532,235
65$5,621,140$3,512,388$3,041,389$4,840,705
66$6,144,137$3,634,135$3,092,916$5,175,664
67$6,718,893$3,760,262$3,144,583$5,539,646
68$7,350,638$3,890,932$3,196,344$5,935,441
69$8,045,133$4,026,318$3,248,151$6,366,118
70$8,808,725$4,166,596$3,299,953$6,835,050
71$9,648,408$4,311,952$3,351,694$7,345,950
72$10,571,886$4,462,578$3,403,317$7,902,903
73$11,587,648$4,618,674$3,454,757$8,510,402
74$12,705,047$4,780,448$3,505,951$9,173,393
75$13,934,387$4,948,116$3,556,826$9,897,320
76$15,287,023$5,121,902$3,607,308$10,688,171
77$16,775,465$5,302,041$3,657,318$11,552,540
78$18,413,497$5,488,775$3,706,773$12,497,686
79$20,216,306$5,682,358$3,755,582$13,531,596
80$22,200,628$5,883,052$3,803,653$14,663,067
81$24,384,902$6,091,131$3,850,885$15,901,781
82$26,789,445$6,306,880$3,897,173$17,258,401
83$29,436,647$6,530,595$3,942,406$18,744,666
84$32,351,175$6,762,585$3,986,468$20,373,502
85$35,560,213$7,003,170$4,029,232$22,159,143
86$39,093,714$7,252,684$4,070,570$24,117,265
87$42,984,681$7,511,474$4,110,343$26,265,129
88$47,269,485$7,779,902$4,148,406$28,621,749
89$51,988,201$8,058,345$4,184,605$31,208,062
90$57,184,987$8,347,195$4,218,780$34,047,130
91$62,908,507$8,646,859$4,250,760$37,164,354
92$69,212,382$8,957,761$4,280,368$40,587,710
93$76,155,698$9,280,345$4,307,414$44,348,016
94$83,803,568$9,615,071$4,331,701$48,479,218
95$92,227,741$9,962,418$4,353,021$53,018,708
96$101,507,279$10,322,885$4,371,156$58,007,678
97$111,729,308$10,696,993$4,385,877$63,491,501
98$122,989,836$11,085,284$4,396,941$69,520,166
99$135,394,657$11,488,321$4,404,097$76,148,739
100$149,060,356$11,906,692$4,407,078$83,437,886