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

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$213,054$211,156$209,305$207,497$205,733$200,678
2 years$105,472$103,508$101,604$99,758$97,968$92,906
3 years$69,616$67,644$65,745$63,916$62,155$57,245
4 years$51,692$49,725$47,845$46,048$44,329$39,609
5 years$40,940$38,985$37,130$35,369$33,699$29,180
6 years$33,775$31,834$30,006$28,285$26,664$22,353
7 years$28,658$26,734$24,936$23,255$21,685$17,582
8 years$24,823$22,916$21,147$19,508$17,990$14,092
9 years$21,841$19,953$18,214$16,616$15,150$11,455
10 years$19,457$17,587$15,880$14,323$12,909$9,412
11 years$17,508$15,657$13,980$12,466$11,102$7,798
12 years$15,885$14,053$12,407$10,934$9,621$6,505
13 years$14,513$12,700$11,085$9,653$8,389$5,455
14 years$13,338$11,544$9,960$8,569$7,354$4,595
15 years$12,320$10,545$8,992$7,642$6,475$3,885
16 years$11,430$9,675$8,153$6,843$5,723$3,294
17 years$10,646$8,910$7,419$6,148$5,074$2,800
18 years$9,950$8,234$6,772$5,541$4,512$2,385
19 years$9,328$7,631$6,200$5,006$4,021$2,035
20 years$8,769$7,091$5,690$4,534$3,592$1,739
21 years$8,263$6,605$5,234$4,115$3,214$1,488
22 years$7,804$6,166$4,824$3,742$2,881$1,275
23 years$7,386$5,766$4,454$3,408$2,586$1,093
24 years$7,003$5,403$4,119$3,108$2,325$938
25 years$6,652$5,070$3,815$2,838$2,092$805
26 years$6,328$4,765$3,538$2,595$1,884$692
27 years$6,028$4,485$3,285$2,375$1,699$595
28 years$5,750$4,226$3,054$2,176$1,533$511
29 years$5,492$3,987$2,842$1,996$1,384$440
30 years$5,252$3,765$2,647$1,832$1,251$378
31 years$5,027$3,559$2,468$1,682$1,131$326
32 years$4,817$3,368$2,303$1,546$1,023$280
33 years$4,620$3,189$2,150$1,422$926$241
34 years$4,436$3,023$2,009$1,308$838$208
35 years$4,262$2,867$1,878$1,204$759$179
36 years$4,098$2,721$1,757$1,109$688$154
37 years$3,943$2,584$1,645$1,022$623$133
38 years$3,797$2,456$1,540$942$565$114
39 years$3,658$2,336$1,443$868$512$99
40 years$3,527$2,222$1,352$801$465$85
41 years$3,403$2,115$1,268$739$422$73
42 years$3,285$2,014$1,190$682$383$63
43 years$3,172$1,919$1,116$630$347$54
44 years$3,065$1,830$1,048$581$315$47
45 years$2,963$1,745$984$537$286$40
46 years$2,866$1,664$924$496$260$35
47 years$2,774$1,588$868$458$236$30
48 years$2,685$1,516$816$423$214$26
49 years$2,600$1,448$767$391$195$22
50 years$2,519$1,383$721$362$177$19

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 $5,184 every year, while hoping to spend $53,123 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: 27/46/27 Blend
56$2,580,000$2,580,000$2,580,000$2,580,000
57$2,848,507$2,711,767$2,671,777$2,901,311
58$3,082,533$2,788,121$2,704,759$3,020,648
59$3,338,648$2,866,436$2,737,066$3,143,763
60$3,619,051$2,946,752$2,768,618$3,274,863
61$3,926,160$3,029,109$2,799,333$3,414,664
62$4,262,640$3,113,548$2,829,123$3,563,953
63$4,631,426$3,200,108$2,857,895$3,723,598
64$5,035,749$3,288,831$2,885,552$3,894,553
65$5,479,168$3,379,756$2,911,990$4,077,868
66$5,965,604$3,472,925$2,937,103$4,274,698
67$6,499,374$3,568,377$2,960,774$4,486,316
68$7,085,235$3,666,152$2,982,885$4,714,122
69$7,728,426$3,766,291$3,003,309$4,959,661
70$8,434,719$3,868,832$3,021,913$5,224,631
71$9,210,470$3,973,815$3,038,556$5,510,903
72$10,062,683$4,081,276$3,053,093$5,820,539
73$10,999,073$4,191,256$3,065,368$6,155,810
74$12,028,139$4,303,788$3,075,219$6,519,216
75$13,159,247$4,418,911$3,082,476$6,913,515
76$14,402,710$4,536,658$3,086,960$7,341,742
77$15,769,896$4,657,063$3,088,482$7,807,244
78$17,273,324$4,780,158$3,086,845$8,313,705
79$18,926,792$4,905,975$3,081,843$8,865,189
80$20,745,498$5,034,541$3,073,258$9,466,172
81$22,746,190$5,165,885$3,060,863$10,121,586
82$24,947,319$5,300,031$3,044,420$10,836,867
83$27,369,215$5,437,002$3,023,678$11,618,006
84$30,034,279$5,576,819$2,998,375$12,471,604
85$32,967,191$5,719,499$2,968,236$13,404,937
86$36,195,147$5,865,057$2,932,975$14,426,025
87$39,748,112$6,013,504$2,892,289$15,543,703
88$43,659,102$6,164,849$2,845,863$16,767,713
89$47,964,499$6,319,095$2,793,368$18,108,789
90$52,704,390$6,476,242$2,734,458$19,578,763
91$57,922,946$6,636,286$2,668,770$21,190,674
92$63,668,840$6,799,218$2,595,928$22,958,895
93$69,995,704$6,965,022$2,515,534$24,899,266
94$76,962,637$7,133,680$2,427,176$27,029,247
95$84,634,760$7,305,163$2,330,419$29,368,080
96$93,083,830$7,479,441$2,224,813$31,936,975
97$102,388,919$7,656,472$2,109,882$34,759,307
98$112,637,159$7,836,209$1,985,134$37,860,841
99$123,924,563$8,018,598$1,850,050$41,269,975
100$136,356,933$8,203,573$1,704,091$45,018,006