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%14.5%
1 years$212,228$210,338$208,493$206,693$204,935$201,127
2 years$105,063$103,107$101,210$99,372$97,588$93,765
3 years$69,347$67,381$65,490$63,668$61,914$58,196
4 years$51,492$49,532$47,660$45,870$44,158$40,573
5 years$40,781$38,834$36,986$35,232$33,568$30,127
6 years$33,644$31,711$29,890$28,175$26,561$23,268
7 years$28,547$26,631$24,839$23,165$21,601$18,457
8 years$24,727$22,828$21,065$19,432$17,920$14,923
9 years$21,757$19,875$18,144$16,552$15,092$12,240
10 years$19,382$17,519$15,818$14,268$12,859$10,151
11 years$17,440$15,596$13,926$12,417$11,059$8,491
12 years$15,824$13,998$12,359$10,892$9,583$7,152
13 years$14,457$12,650$11,042$9,616$8,357$6,058
14 years$13,286$11,499$9,921$8,536$7,326$5,155
15 years$12,272$10,505$8,957$7,612$6,450$4,404
16 years$11,386$9,638$8,121$6,816$5,701$3,774
17 years$10,605$8,876$7,390$6,124$5,055$3,243
18 years$9,912$8,202$6,746$5,519$4,494$2,793
19 years$9,292$7,601$6,176$4,987$4,006$2,410
20 years$8,735$7,064$5,668$4,517$3,578$2,083
21 years$8,231$6,579$5,213$4,099$3,202$1,803
22 years$7,774$6,142$4,805$3,727$2,870$1,562
23 years$7,358$5,744$4,436$3,394$2,576$1,355
24 years$6,976$5,382$4,103$3,096$2,316$1,177
25 years$6,626$5,051$3,800$2,827$2,084$1,023
26 years$6,303$4,747$3,524$2,585$1,877$889
27 years$6,005$4,467$3,273$2,366$1,692$773
28 years$5,728$4,209$3,042$2,168$1,527$673
29 years$5,471$3,971$2,831$1,988$1,379$586
30 years$5,231$3,750$2,637$1,825$1,246$511
31 years$5,008$3,545$2,459$1,676$1,126$445
32 years$4,799$3,355$2,294$1,540$1,019$388
33 years$4,602$3,177$2,142$1,416$922$338
34 years$4,418$3,011$2,001$1,303$835$295
35 years$4,245$2,856$1,871$1,199$756$257
36 years$4,082$2,711$1,750$1,105$685$224
37 years$3,928$2,574$1,638$1,018$621$196
38 years$3,782$2,447$1,534$938$563$171
39 years$3,644$2,327$1,437$865$510$149
40 years$3,514$2,213$1,347$798$463$130
41 years$3,390$2,107$1,263$736$420$114
42 years$3,272$2,007$1,185$679$381$99
43 years$3,160$1,912$1,112$627$346$87
44 years$3,054$1,822$1,044$579$314$76
45 years$2,952$1,738$980$535$285$66
46 years$2,855$1,658$920$494$259$58
47 years$2,763$1,582$865$456$235$50
48 years$2,674$1,510$813$422$213$44
49 years$2,590$1,442$764$390$194$38
50 years$2,509$1,378$718$360$176$34

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 $2,090 every year, while hoping to spend $33,431 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: 54/26/20 Blend
56$2,570,000$2,570,000$2,570,000$2,570,000
57$2,834,296$2,698,086$2,658,251$2,971,808
58$3,087,824$2,794,722$2,711,732$3,162,900
59$3,366,091$2,894,972$2,765,884$3,367,111
60$3,671,586$2,998,979$2,820,695$3,588,687
61$4,007,049$3,106,891$2,876,149$3,829,297
62$4,375,499$3,218,860$2,932,232$4,090,777
63$4,780,263$3,335,047$2,988,925$4,375,146
64$5,225,005$3,455,619$3,046,208$4,684,625
65$5,713,760$3,580,750$3,104,061$5,021,661
66$6,250,977$3,710,619$3,162,460$5,388,943
67$6,841,553$3,845,416$3,221,380$5,789,434
68$7,490,887$3,985,338$3,280,792$6,226,392
69$8,204,926$4,130,587$3,340,666$6,703,408
70$8,990,220$4,281,377$3,400,970$7,224,429
71$9,853,989$4,437,931$3,461,669$7,793,807
72$10,804,185$4,600,479$3,522,724$8,416,328
73$11,849,571$4,769,262$3,584,095$9,097,265
74$12,999,803$4,944,531$3,645,737$9,842,422
75$14,265,518$5,126,548$3,707,605$10,658,192
76$15,658,437$5,315,586$3,769,646$11,551,614
77$17,191,477$5,511,928$3,831,808$12,530,440
78$18,878,866$5,715,872$3,894,032$13,603,208
79$20,736,286$5,927,725$3,956,258$14,779,319
80$22,781,013$6,147,809$4,018,418$16,069,130
81$25,032,086$6,376,461$4,080,445$17,484,047
82$27,510,481$6,614,031$4,142,263$19,036,634
83$30,239,315$6,860,883$4,203,793$20,740,728
84$33,244,056$7,117,397$4,264,951$22,611,574
85$36,552,771$7,383,971$4,325,649$24,665,963
86$40,196,387$7,661,019$4,385,791$26,922,392
87$44,208,982$7,948,972$4,445,278$29,401,238
88$48,628,106$8,248,280$4,504,003$32,124,948
89$53,495,141$8,559,413$4,561,855$35,118,251
90$58,855,682$8,882,862$4,618,714$38,408,391
91$64,759,976$9,219,136$4,674,455$42,025,380
92$71,263,390$9,568,770$4,728,946$46,002,286
93$78,426,936$9,932,320$4,782,046$50,375,539
94$86,317,846$10,310,366$4,833,607$55,185,275
95$95,010,206$10,703,514$4,883,473$60,475,715
96$104,585,658$11,112,397$4,931,479$66,295,579
97$115,134,164$11,537,674$4,977,453$72,698,548
98$126,754,863$11,980,033$5,021,212$79,743,767
99$139,556,998$12,440,194$5,062,562$87,496,402
100$153,660,955$12,918,907$5,101,301$96,028,254