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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$211,402$209,519$207,682$205,889$204,138$197,921
2 years$104,655$102,706$100,817$98,985$97,209$90,998
3 years$69,077$67,119$65,235$63,421$61,673$55,664
4 years$51,291$49,340$47,474$45,691$43,986$38,224
5 years$40,623$38,683$36,842$35,095$33,437$27,939
6 years$33,513$31,588$29,774$28,066$26,458$21,228
7 years$28,436$26,527$24,742$23,074$21,517$16,555
8 years$24,630$22,739$20,983$19,357$17,851$13,153
9 years$21,672$19,798$18,073$16,488$15,033$10,595
10 years$19,307$17,451$15,756$14,212$12,809$8,624
11 years$17,373$15,536$13,872$12,369$11,016$7,077
12 years$15,762$13,944$12,311$10,849$9,546$5,845
13 years$14,400$12,601$10,999$9,578$8,324$4,853
14 years$13,234$11,454$9,883$8,503$7,297$4,046
15 years$12,224$10,464$8,923$7,583$6,425$3,384
16 years$11,342$9,600$8,090$6,790$5,678$2,839
17 years$10,564$8,841$7,361$6,100$5,035$2,387
18 years$9,873$8,170$6,720$5,498$4,477$2,011
19 years$9,256$7,572$6,152$4,968$3,990$1,697
20 years$8,701$7,036$5,646$4,499$3,564$1,433
21 years$8,199$6,554$5,193$4,083$3,190$1,212
22 years$7,744$6,118$4,786$3,713$2,859$1,027
23 years$7,329$5,722$4,419$3,381$2,566$870
24 years$6,949$5,361$4,087$3,084$2,307$738
25 years$6,600$5,031$3,785$2,816$2,076$626
26 years$6,278$4,728$3,511$2,575$1,870$531
27 years$5,981$4,450$3,260$2,357$1,686$451
28 years$5,706$4,193$3,031$2,160$1,521$383
29 years$5,450$3,956$2,820$1,980$1,373$325
30 years$5,211$3,736$2,627$1,817$1,241$277
31 years$4,988$3,532$2,449$1,669$1,122$235
32 years$4,780$3,342$2,285$1,534$1,015$200
33 years$4,585$3,164$2,134$1,411$918$170
34 years$4,401$2,999$1,993$1,298$832$145
35 years$4,229$2,845$1,864$1,195$753$123
36 years$4,066$2,700$1,743$1,100$682$105
37 years$3,912$2,564$1,632$1,014$619$89
38 years$3,767$2,437$1,528$935$561$76
39 years$3,630$2,317$1,432$862$509$64
40 years$3,500$2,205$1,342$795$461$55
41 years$3,376$2,099$1,258$733$418$47
42 years$3,259$1,999$1,180$677$380$40
43 years$3,148$1,905$1,108$625$345$34
44 years$3,042$1,815$1,040$577$313$29
45 years$2,941$1,731$976$533$284$24
46 years$2,844$1,651$917$492$258$21
47 years$2,752$1,576$861$455$234$18
48 years$2,664$1,504$809$420$213$15
49 years$2,580$1,437$761$388$193$13
50 years$2,499$1,372$715$359$175$11

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 $4,263 every year, while hoping to spend $56,382 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: 61/31/8 Blend
56$2,560,000$2,560,000$2,560,000$2,560,000
57$2,825,517$2,689,837$2,650,157$2,992,840
58$3,053,730$2,761,649$2,678,948$3,177,139
59$3,303,331$2,835,090$2,706,813$3,371,263
60$3,576,442$2,910,181$2,733,662$3,581,649
61$3,875,399$2,986,940$2,759,400$3,809,864
62$4,202,776$3,065,387$2,783,926$4,057,638
63$4,561,407$3,145,538$2,807,135$4,326,871
64$4,954,411$3,227,410$2,828,915$4,619,658
65$5,385,225$3,311,018$2,849,148$4,938,303
66$5,857,635$3,396,374$2,867,711$5,285,346
67$6,375,808$3,483,491$2,884,474$5,663,582
68$6,944,337$3,572,379$2,899,301$6,076,090
69$7,568,280$3,663,045$2,912,047$6,526,261
70$8,253,206$3,755,496$2,922,562$7,017,828
71$9,005,253$3,849,736$2,930,688$7,554,907
72$9,831,181$3,945,765$2,936,258$8,142,027
73$10,738,436$4,043,582$2,939,098$8,784,179
74$11,735,223$4,143,184$2,939,024$9,486,863
75$12,830,578$4,244,562$2,935,843$10,256,136
76$14,034,457$4,347,706$2,929,354$11,098,669
77$15,357,830$4,452,601$2,919,346$12,021,814
78$16,812,780$4,559,230$2,905,595$13,033,671
79$18,412,621$4,667,570$2,887,870$14,143,164
80$20,172,022$4,777,594$2,865,927$15,360,123
81$22,107,143$4,889,271$2,839,511$16,695,381
82$24,235,789$5,002,564$2,808,353$18,160,875
83$26,577,580$5,117,430$2,772,173$19,769,754
84$29,154,131$5,233,821$2,730,678$21,536,510
85$31,989,257$5,351,683$2,683,560$23,477,109
86$35,109,200$5,470,955$2,630,499$25,609,146
87$38,542,874$5,591,567$2,571,156$27,952,006
88$42,322,138$5,713,445$2,505,180$30,527,054
89$46,482,096$5,836,503$2,432,203$33,357,827
90$51,061,426$5,960,648$2,351,839$36,470,267
91$56,102,750$6,085,779$2,263,684$39,892,957
92$61,653,031$6,211,782$2,167,318$43,657,395
93$67,764,016$6,338,535$2,062,299$47,798,292
94$74,492,726$6,465,904$1,948,166$52,353,896
95$81,901,994$6,593,742$1,824,439$57,366,358
96$90,061,053$6,721,892$1,690,614$62,882,126
97$99,046,196$6,850,180$1,546,165$68,952,385
98$108,941,489$6,978,420$1,390,542$75,633,542
99$119,839,568$7,106,410$1,223,173$82,987,755
100$131,842,512$7,233,932$1,043,457$91,083,524