Can I retire at age 57 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$213,880$211,975$210,116$208,302$206,530$198,886
2 years$105,881$103,909$101,998$100,145$98,348$90,733
3 years$69,886$67,906$65,999$64,164$62,396$55,049
4 years$51,892$49,918$48,031$46,226$44,501$37,479
5 years$41,099$39,136$37,274$35,506$33,829$27,150
6 years$33,905$31,958$30,123$28,395$26,768$20,437
7 years$28,769$26,838$25,032$23,345$21,769$15,784
8 years$24,919$23,005$21,229$19,583$18,060$12,415
9 years$21,926$20,030$18,285$16,681$15,209$9,897
10 years$19,533$17,656$15,941$14,379$12,959$7,970
11 years$17,576$15,718$14,034$12,514$11,145$6,469
12 years$15,947$14,107$12,455$10,976$9,658$5,283
13 years$14,569$12,749$11,128$9,691$8,422$4,335
14 years$13,389$11,588$9,998$8,602$7,383$3,572
15 years$12,368$10,586$9,027$7,672$6,500$2,952
16 years$11,475$9,713$8,184$6,869$5,745$2,446
17 years$10,688$8,945$7,448$6,172$5,094$2,031
18 years$9,989$8,266$6,799$5,562$4,529$1,689
19 years$9,364$7,660$6,224$5,026$4,037$1,407
20 years$8,803$7,118$5,712$4,552$3,606$1,174
21 years$8,295$6,631$5,254$4,131$3,227$980
22 years$7,835$6,189$4,842$3,756$2,892$819
23 years$7,415$5,789$4,471$3,421$2,596$684
24 years$7,030$5,424$4,135$3,120$2,334$572
25 years$6,677$5,090$3,830$2,849$2,100$479
26 years$6,352$4,784$3,552$2,605$1,892$401
27 years$6,051$4,502$3,298$2,385$1,705$336
28 years$5,773$4,242$3,066$2,185$1,539$281
29 years$5,513$4,002$2,853$2,004$1,390$236
30 years$5,272$3,780$2,658$1,839$1,256$198
31 years$5,047$3,573$2,478$1,689$1,135$166
32 years$4,836$3,381$2,312$1,552$1,027$139
33 years$4,638$3,202$2,159$1,427$929$116
34 years$4,453$3,034$2,017$1,313$841$98
35 years$4,278$2,878$1,886$1,209$762$82
36 years$4,114$2,732$1,764$1,113$690$69
37 years$3,958$2,594$1,651$1,026$626$58
38 years$3,811$2,466$1,546$945$567$48
39 years$3,673$2,345$1,448$872$514$41
40 years$3,541$2,231$1,358$804$467$34
41 years$3,416$2,123$1,273$742$423$29
42 years$3,297$2,022$1,194$685$384$24
43 years$3,185$1,927$1,121$632$349$20
44 years$3,077$1,837$1,052$584$316$17
45 years$2,975$1,751$988$539$287$14
46 years$2,877$1,671$928$498$261$12
47 years$2,784$1,594$871$460$237$10
48 years$2,695$1,522$819$425$215$8
49 years$2,610$1,454$770$393$195$7
50 years$2,529$1,388$724$363$177$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,590,000, adding $6,516 every year, while hoping to spend $22,222 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: 44/48/8 Blend
56$2,590,000$2,590,000$2,590,000$2,590,000
57$2,860,901$2,723,631$2,683,486$2,979,990
58$3,129,069$2,833,445$2,749,739$3,172,948
59$3,423,845$2,947,895$2,817,466$3,379,160
60$3,747,921$3,067,185$2,886,694$3,602,141
61$4,104,259$3,191,527$2,957,449$3,843,437
62$4,496,126$3,321,145$3,029,757$4,104,748
63$4,927,121$3,456,271$3,103,644$4,387,936
64$5,401,208$3,597,149$3,179,136$4,695,049
65$5,922,754$3,744,032$3,256,260$5,028,336
66$6,496,573$3,897,188$3,335,042$5,390,265
67$7,127,966$4,056,893$3,415,510$5,783,551
68$7,822,777$4,223,439$3,497,688$6,211,175
69$8,587,444$4,397,131$3,581,603$6,676,414
70$9,429,058$4,578,286$3,667,282$7,182,869
71$10,355,437$4,767,236$3,754,751$7,734,501
72$11,375,192$4,964,331$3,844,035$8,335,662
73$12,497,812$5,169,934$3,935,161$8,991,139
74$13,733,753$5,384,425$4,028,153$9,706,196
75$15,094,537$5,608,203$4,123,038$10,486,622
76$16,592,859$5,841,684$4,219,839$11,338,784
77$18,242,708$6,085,305$4,318,581$12,269,687
78$20,059,500$6,339,520$4,419,289$13,287,037
79$22,060,219$6,604,806$4,521,985$14,399,312
80$24,263,583$6,881,663$4,626,693$15,615,841
81$26,690,217$7,170,613$4,733,435$16,946,889
82$29,362,847$7,472,201$4,842,234$18,403,754
83$32,306,518$7,787,000$4,953,109$19,998,867
84$35,548,826$8,115,606$5,066,081$21,745,912
85$39,120,181$8,458,645$5,181,170$23,659,952
86$43,054,094$8,816,773$5,298,394$25,757,567
87$47,387,491$9,190,675$5,417,769$28,057,008
88$52,161,064$9,581,067$5,539,313$30,578,367
89$57,419,652$9,988,699$5,663,041$33,343,767
90$63,212,669$10,414,358$5,788,965$36,377,562
91$69,594,564$10,858,864$5,917,098$39,706,570
92$76,625,340$11,323,079$6,047,451$43,360,319
93$84,371,118$11,807,902$6,180,033$47,371,324
94$92,904,759$12,314,277$6,314,852$51,775,389
95$102,306,557$12,843,189$6,451,912$56,611,944
96$112,664,992$13,395,671$6,591,217$61,924,413
97$124,077,567$13,972,805$6,732,769$67,760,616
98$136,651,728$14,575,722$6,876,566$74,173,223
99$150,505,879$15,205,606$7,022,605$81,220,240
100$165,770,496$15,863,699$7,170,880$88,965,559