Can I retire at age 57 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$212,228$210,338$208,493$206,693$204,935$203,388
2 years$105,063$103,107$101,210$99,372$97,588$96,028
3 years$69,347$67,381$65,490$63,668$61,914$60,390
4 years$51,492$49,532$47,660$45,870$44,158$42,681
5 years$40,781$38,834$36,986$35,232$33,568$32,143
6 years$33,644$31,711$29,890$28,175$26,561$25,190
7 years$28,547$26,631$24,839$23,165$21,601$20,284
8 years$24,727$22,828$21,065$19,432$17,920$16,657
9 years$21,757$19,875$18,144$16,552$15,092$13,882
10 years$19,382$17,519$15,818$14,268$12,859$11,702
11 years$17,440$15,596$13,926$12,417$11,059$9,955
12 years$15,824$13,998$12,359$10,892$9,583$8,531
13 years$14,457$12,650$11,042$9,616$8,357$7,355
14 years$13,286$11,499$9,921$8,536$7,326$6,372
15 years$12,272$10,505$8,957$7,612$6,450$5,544
16 years$11,386$9,638$8,121$6,816$5,701$4,841
17 years$10,605$8,876$7,390$6,124$5,055$4,240
18 years$9,912$8,202$6,746$5,519$4,494$3,723
19 years$9,292$7,601$6,176$4,987$4,006$3,276
20 years$8,735$7,064$5,668$4,517$3,578$2,889
21 years$8,231$6,579$5,213$4,099$3,202$2,552
22 years$7,774$6,142$4,805$3,727$2,870$2,257
23 years$7,358$5,744$4,436$3,394$2,576$1,999
24 years$6,976$5,382$4,103$3,096$2,316$1,772
25 years$6,626$5,051$3,800$2,827$2,084$1,573
26 years$6,303$4,747$3,524$2,585$1,877$1,397
27 years$6,005$4,467$3,273$2,366$1,692$1,242
28 years$5,728$4,209$3,042$2,168$1,527$1,105
29 years$5,471$3,971$2,831$1,988$1,379$984
30 years$5,231$3,750$2,637$1,825$1,246$876
31 years$5,008$3,545$2,459$1,676$1,126$781
32 years$4,799$3,355$2,294$1,540$1,019$696
33 years$4,602$3,177$2,142$1,416$922$620
34 years$4,418$3,011$2,001$1,303$835$553
35 years$4,245$2,856$1,871$1,199$756$494
36 years$4,082$2,711$1,750$1,105$685$441
37 years$3,928$2,574$1,638$1,018$621$393
38 years$3,782$2,447$1,534$938$563$351
39 years$3,644$2,327$1,437$865$510$314
40 years$3,514$2,213$1,347$798$463$280
41 years$3,390$2,107$1,263$736$420$250
42 years$3,272$2,007$1,185$679$381$224
43 years$3,160$1,912$1,112$627$346$200
44 years$3,054$1,822$1,044$579$314$179
45 years$2,952$1,738$980$535$285$160
46 years$2,855$1,658$920$494$259$143
47 years$2,763$1,582$865$456$235$128
48 years$2,674$1,510$813$422$213$114
49 years$2,590$1,442$764$390$194$102
50 years$2,509$1,378$718$360$176$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,570,000, adding $5,479 every year, while hoping to spend $41,586 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: 65/6/29 Blend
56$2,570,000$2,570,000$2,570,000$2,570,000
57$2,837,792$2,701,582$2,661,747$3,000,067
58$3,082,999$2,789,712$2,706,668$3,198,659
59$3,351,824$2,880,767$2,751,700$3,410,557
60$3,646,631$2,974,846$2,796,804$3,641,280
61$3,970,026$3,072,052$2,841,935$3,892,689
62$4,324,878$3,172,491$2,887,048$4,166,833
63$4,714,346$3,276,274$2,932,095$4,465,967
64$5,141,912$3,383,514$2,977,024$4,792,577
65$5,611,412$3,494,331$3,021,778$5,149,400
66$6,127,069$3,608,846$3,066,301$5,539,454
67$6,693,536$3,727,185$3,110,528$5,966,059
68$7,315,940$3,849,481$3,154,395$6,432,878
69$7,999,929$3,975,869$3,197,830$6,943,942
70$8,751,725$4,106,489$3,240,760$7,503,696
71$9,578,181$4,241,488$3,283,106$8,117,035
72$10,486,851$4,381,015$3,324,785$8,789,353
73$11,486,052$4,525,228$3,365,708$9,526,593
74$12,584,953$4,674,288$3,405,783$10,335,304
75$13,793,653$4,828,362$3,444,911$11,222,701
76$15,123,278$4,987,625$3,482,988$12,196,735
77$16,586,090$5,152,256$3,519,905$13,266,165
78$18,195,596$5,322,441$3,555,547$14,440,646
79$19,966,679$5,498,373$3,589,790$15,730,815
80$21,915,740$5,680,253$3,622,508$17,148,391
81$24,060,848$5,868,288$3,653,564$18,706,293
82$26,421,912$6,062,691$3,682,816$20,418,750
83$29,020,870$6,263,687$3,710,114$22,301,448
84$31,881,896$6,471,505$3,735,300$24,371,669
85$35,031,625$6,686,384$3,758,208$26,648,457
86$38,499,407$6,908,572$3,778,664$29,152,798
87$42,317,580$7,138,326$3,796,483$31,907,819
88$46,521,781$7,375,912$3,811,473$34,939,005
89$51,151,276$7,621,606$3,823,431$38,274,440
90$56,249,335$7,875,693$3,832,144$41,945,071
91$61,863,635$8,138,470$3,837,389$45,985,002
92$68,046,716$8,410,244$3,838,931$50,431,817
93$74,856,469$8,691,335$3,836,524$55,326,930
94$82,356,691$8,982,072$3,829,910$60,715,981
95$90,617,679$9,282,799$3,818,817$66,649,265
96$99,716,896$9,593,870$3,802,961$73,182,208
97$109,739,704$9,915,655$3,782,045$80,375,887
98$120,780,167$10,248,535$3,755,757$88,297,612
99$132,941,937$10,592,907$3,723,768$97,021,556
100$146,339,238$10,949,182$3,685,737$106,629,460