Can I retire at age 57 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$211,402$209,519$207,682$205,889$204,138$202,937
2 years$104,655$102,706$100,817$98,985$97,209$95,996
3 years$69,077$67,119$65,235$63,421$61,673$60,488
4 years$51,291$49,340$47,474$45,691$43,986$42,837
5 years$40,623$38,683$36,842$35,095$33,437$32,327
6 years$33,513$31,588$29,774$28,066$26,458$25,389
7 years$28,436$26,527$24,742$23,074$21,517$20,490
8 years$24,630$22,739$20,983$19,357$17,851$16,864
9 years$21,672$19,798$18,073$16,488$15,033$14,088
10 years$19,307$17,451$15,756$14,212$12,809$11,904
11 years$17,373$15,536$13,872$12,369$11,016$10,151
12 years$15,762$13,944$12,311$10,849$9,546$8,721
13 years$14,400$12,601$10,999$9,578$8,324$7,538
14 years$13,234$11,454$9,883$8,503$7,297$6,548
15 years$12,224$10,464$8,923$7,583$6,425$5,713
16 years$11,342$9,600$8,090$6,790$5,678$5,002
17 years$10,564$8,841$7,361$6,100$5,035$4,393
18 years$9,873$8,170$6,720$5,498$4,477$3,868
19 years$9,256$7,572$6,152$4,968$3,990$3,414
20 years$8,701$7,036$5,646$4,499$3,564$3,019
21 years$8,199$6,554$5,193$4,083$3,190$2,674
22 years$7,744$6,118$4,786$3,713$2,859$2,372
23 years$7,329$5,722$4,419$3,381$2,566$2,108
24 years$6,949$5,361$4,087$3,084$2,307$1,874
25 years$6,600$5,031$3,785$2,816$2,076$1,669
26 years$6,278$4,728$3,511$2,575$1,870$1,487
27 years$5,981$4,450$3,260$2,357$1,686$1,326
28 years$5,706$4,193$3,031$2,160$1,521$1,183
29 years$5,450$3,956$2,820$1,980$1,373$1,057
30 years$5,211$3,736$2,627$1,817$1,241$944
31 years$4,988$3,532$2,449$1,669$1,122$844
32 years$4,780$3,342$2,285$1,534$1,015$755
33 years$4,585$3,164$2,134$1,411$918$675
34 years$4,401$2,999$1,993$1,298$832$604
35 years$4,229$2,845$1,864$1,195$753$541
36 years$4,066$2,700$1,743$1,100$682$485
37 years$3,912$2,564$1,632$1,014$619$434
38 years$3,767$2,437$1,528$935$561$389
39 years$3,630$2,317$1,432$862$509$349
40 years$3,500$2,205$1,342$795$461$312
41 years$3,376$2,099$1,258$733$418$280
42 years$3,259$1,999$1,180$677$380$251
43 years$3,148$1,905$1,108$625$345$225
44 years$3,042$1,815$1,040$577$313$202
45 years$2,941$1,731$976$533$284$181
46 years$2,844$1,651$917$492$258$162
47 years$2,752$1,576$861$455$234$146
48 years$2,664$1,504$809$420$213$131
49 years$2,580$1,437$761$388$193$117
50 years$2,499$1,372$715$359$175$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,560,000, adding $4,417 every year, while hoping to spend $56,878 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: 46/31/23 Blend
56$2,560,000$2,560,000$2,560,000$2,560,000
57$2,825,676$2,689,996$2,650,316$2,936,827
58$3,053,377$2,761,288$2,678,584$3,086,699
59$3,302,398$2,834,167$2,705,892$3,243,257
60$3,574,852$2,908,651$2,732,149$3,411,969
61$3,873,068$2,984,756$2,757,258$3,594,000
62$4,199,610$3,062,498$2,781,115$3,790,628
63$4,557,301$3,141,892$2,803,613$4,003,266
64$4,949,251$3,222,949$2,824,639$4,233,465
65$5,378,883$3,305,683$2,844,073$4,482,938
66$5,849,970$3,390,101$2,861,790$4,753,570
67$6,366,664$3,476,213$2,877,657$5,047,438
68$6,933,540$3,564,025$2,891,536$5,366,829
69$7,555,639$3,653,540$2,903,280$5,714,266
70$8,238,510$3,744,759$2,912,736$6,092,526
71$8,988,269$3,837,683$2,919,743$6,504,670
72$9,811,650$3,932,306$2,924,131$6,954,071
73$10,716,072$4,028,624$2,925,724$7,444,447
74$11,709,711$4,126,626$2,924,335$7,979,893
75$12,801,569$4,226,298$2,919,768$8,564,923
76$14,001,567$4,327,625$2,911,819$9,204,513
77$15,320,634$4,430,585$2,900,271$9,904,143
78$16,770,809$4,535,154$2,884,901$10,669,857
79$18,365,357$4,641,302$2,865,470$11,508,312
80$20,118,893$4,748,995$2,841,733$12,426,848
81$22,047,517$4,858,194$2,813,429$13,433,552
82$24,168,971$4,968,853$2,780,286$14,537,338
83$26,502,801$5,080,921$2,742,020$15,748,030
84$29,070,542$5,194,341$2,698,333$17,076,457
85$31,895,923$5,309,050$2,648,912$18,534,552
86$35,005,088$5,424,974$2,593,432$20,135,467
87$38,426,846$5,542,037$2,531,551$21,893,700
88$42,192,936$5,660,149$2,462,910$23,825,226
89$46,338,335$5,779,215$2,387,137$25,947,656
90$50,901,578$5,899,130$2,303,839$28,280,398
91$55,925,129$6,019,777$2,212,608$30,844,843
92$61,455,778$6,141,032$2,113,015$33,664,567
93$67,545,080$6,262,755$2,004,614$36,765,554
94$74,249,847$6,384,799$1,886,938$40,176,444
95$81,632,678$6,507,001$1,759,497$43,928,801
96$89,762,553$6,629,185$1,621,781$48,057,413
97$98,715,479$6,751,162$1,473,257$52,600,624
98$108,575,215$6,872,725$1,313,368$57,600,692
99$119,434,052$6,993,654$1,141,531$63,104,192
100$131,393,692$7,113,709$957,139$69,162,457