Can I retire at age 57 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$213,054$211,156$209,305$207,497$205,733$202,742
2 years$105,472$103,508$101,604$99,758$97,968$94,961
3 years$69,616$67,644$65,745$63,916$62,155$59,225
4 years$51,692$49,725$47,845$46,048$44,329$41,500
5 years$40,940$38,985$37,130$35,369$33,699$30,977
6 years$33,775$31,834$30,006$28,285$26,664$24,055
7 years$28,658$26,734$24,936$23,255$21,685$19,188
8 years$24,823$22,916$21,147$19,508$17,990$15,604
9 years$21,841$19,953$18,214$16,616$15,150$12,875
10 years$19,457$17,587$15,880$14,323$12,909$10,743
11 years$17,508$15,657$13,980$12,466$11,102$9,043
12 years$15,885$14,053$12,407$10,934$9,621$7,666
13 years$14,513$12,700$11,085$9,653$8,389$6,536
14 years$13,338$11,544$9,960$8,569$7,354$5,600
15 years$12,320$10,545$8,992$7,642$6,475$4,817
16 years$11,430$9,675$8,153$6,843$5,723$4,157
17 years$10,646$8,910$7,419$6,148$5,074$3,597
18 years$9,950$8,234$6,772$5,541$4,512$3,121
19 years$9,328$7,631$6,200$5,006$4,021$2,713
20 years$8,769$7,091$5,690$4,534$3,592$2,362
21 years$8,263$6,605$5,234$4,115$3,214$2,060
22 years$7,804$6,166$4,824$3,742$2,881$1,799
23 years$7,386$5,766$4,454$3,408$2,586$1,573
24 years$7,003$5,403$4,119$3,108$2,325$1,376
25 years$6,652$5,070$3,815$2,838$2,092$1,205
26 years$6,328$4,765$3,538$2,595$1,884$1,056
27 years$6,028$4,485$3,285$2,375$1,699$927
28 years$5,750$4,226$3,054$2,176$1,533$813
29 years$5,492$3,987$2,842$1,996$1,384$714
30 years$5,252$3,765$2,647$1,832$1,251$627
31 years$5,027$3,559$2,468$1,682$1,131$551
32 years$4,817$3,368$2,303$1,546$1,023$484
33 years$4,620$3,189$2,150$1,422$926$426
34 years$4,436$3,023$2,009$1,308$838$374
35 years$4,262$2,867$1,878$1,204$759$329
36 years$4,098$2,721$1,757$1,109$688$290
37 years$3,943$2,584$1,645$1,022$623$255
38 years$3,797$2,456$1,540$942$565$224
39 years$3,658$2,336$1,443$868$512$197
40 years$3,527$2,222$1,352$801$465$174
41 years$3,403$2,115$1,268$739$422$153
42 years$3,285$2,014$1,190$682$383$135
43 years$3,172$1,919$1,116$630$347$119
44 years$3,065$1,830$1,048$581$315$104
45 years$2,963$1,745$984$537$286$92
46 years$2,866$1,664$924$496$260$81
47 years$2,774$1,588$868$458$236$71
48 years$2,685$1,516$816$423$214$63
49 years$2,600$1,448$767$391$195$55
50 years$2,519$1,383$721$362$177$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,580,000, adding $6,632 every year, while hoping to spend $40,395 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: 36/36/28 Blend
56$2,580,000$2,580,000$2,580,000$2,580,000
57$2,850,001$2,713,261$2,673,271$2,928,443
58$3,097,721$2,803,231$2,719,846$3,077,348
59$3,369,355$2,896,255$2,766,627$3,233,864
60$3,667,299$2,992,441$2,813,578$3,402,064
61$3,994,192$3,091,900$2,860,662$3,583,026
62$4,352,943$3,194,746$2,907,838$3,777,935
63$4,746,754$3,301,100$2,955,061$3,988,094
64$5,179,152$3,411,083$3,002,285$4,214,936
65$5,654,025$3,524,825$3,049,460$4,460,036
66$6,175,652$3,642,458$3,096,534$4,725,128
67$6,748,750$3,764,120$3,143,449$5,012,119
68$7,378,514$3,889,954$3,190,147$5,323,107
69$8,070,668$4,020,107$3,236,562$5,660,399
70$8,831,518$4,154,734$3,282,628$6,026,535
71$9,668,010$4,293,993$3,328,273$6,424,312
72$10,587,798$4,438,049$3,373,421$6,856,806
73$11,599,314$4,587,075$3,417,992$7,327,403
74$12,711,849$4,741,246$3,461,900$7,839,833
75$13,935,639$4,900,749$3,505,055$8,398,199
76$15,281,961$5,065,773$3,547,361$9,007,021
77$16,763,243$5,236,517$3,588,720$9,671,274
78$18,393,174$5,413,187$3,629,023$10,396,437
79$20,186,842$5,595,997$3,668,158$11,188,542
80$22,160,866$5,785,167$3,706,008$12,054,234
81$24,333,563$5,980,929$3,742,448$13,000,829
82$26,725,111$6,183,519$3,777,345$14,036,385
83$29,357,748$6,393,187$3,810,561$15,169,778
84$32,255,973$6,610,189$3,841,950$16,410,781
85$35,446,786$6,834,791$3,871,359$17,770,162
86$38,959,933$7,067,271$3,898,625$19,259,782
87$42,828,196$7,307,917$3,923,578$20,892,702
88$47,087,692$7,557,026$3,946,038$22,683,315
89$51,778,225$7,814,908$3,965,819$24,647,473
90$56,943,651$8,081,885$3,982,721$26,802,639
91$62,632,298$8,358,292$3,996,537$29,168,052
92$68,897,420$8,644,476$4,007,048$31,764,907
93$75,797,697$8,940,796$4,014,024$34,616,555
94$83,397,795$9,247,627$4,017,226$37,748,719
95$91,768,967$9,565,358$4,016,401$41,189,743
96$100,989,734$9,894,393$4,011,282$44,970,853
97$111,146,619$10,235,150$4,001,593$49,126,452
98$122,334,968$10,588,067$3,987,040$53,694,448
99$134,659,848$10,953,595$3,967,319$58,716,604
100$148,237,038$11,332,206$3,942,109$64,238,938