Can I retire at age 57 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$214,706$212,793$210,927$209,106$207,328$206,454
2 years$106,290$104,310$102,392$100,532$98,727$97,846
3 years$70,156$68,168$66,254$64,412$62,637$61,774
4 years$52,093$50,111$48,216$46,405$44,673$43,836
5 years$41,257$39,287$37,418$35,643$33,960$33,150
6 years$34,036$32,081$30,239$28,504$26,871$26,091
7 years$28,880$26,942$25,129$23,435$21,853$21,103
8 years$25,015$23,094$21,311$19,659$18,130$17,408
9 years$22,011$20,107$18,355$16,745$15,268$14,576
10 years$19,608$17,724$16,003$14,434$13,009$12,346
11 years$17,644$15,778$14,088$12,562$11,188$10,554
12 years$16,008$14,162$12,503$11,019$9,695$9,090
13 years$14,625$12,798$11,171$9,728$8,455$7,876
14 years$13,441$11,633$10,037$8,635$7,411$6,860
15 years$12,415$10,627$9,062$7,701$6,525$6,001
16 years$11,519$9,750$8,216$6,896$5,767$5,268
17 years$10,729$8,980$7,476$6,196$5,114$4,639
18 years$10,027$8,298$6,825$5,584$4,547$4,097
19 years$9,400$7,690$6,248$5,045$4,053$3,626
20 years$8,837$7,146$5,734$4,569$3,620$3,216
21 years$8,327$6,656$5,274$4,147$3,239$2,857
22 years$7,865$6,213$4,861$3,771$2,904$2,542
23 years$7,443$5,811$4,488$3,434$2,606$2,265
24 years$7,058$5,445$4,151$3,132$2,343$2,021
25 years$6,703$5,110$3,845$2,860$2,108$1,804
26 years$6,377$4,802$3,566$2,615$1,899$1,613
27 years$6,075$4,519$3,311$2,394$1,712$1,443
28 years$5,795$4,259$3,078$2,193$1,545$1,292
29 years$5,535$4,018$2,864$2,011$1,395$1,157
30 years$5,292$3,794$2,668$1,846$1,260$1,037
31 years$5,066$3,587$2,487$1,695$1,140$930
32 years$4,855$3,394$2,321$1,558$1,031$835
33 years$4,656$3,214$2,167$1,433$933$749
34 years$4,470$3,046$2,025$1,318$845$673
35 years$4,295$2,889$1,893$1,213$765$604
36 years$4,129$2,742$1,771$1,118$693$543
37 years$3,974$2,604$1,657$1,030$628$488
38 years$3,826$2,475$1,552$949$570$439
39 years$3,687$2,354$1,454$875$516$395
40 years$3,555$2,239$1,363$807$468$355
41 years$3,429$2,132$1,278$745$425$319
42 years$3,310$2,030$1,199$687$386$287
43 years$3,197$1,934$1,125$634$350$258
44 years$3,089$1,844$1,056$586$318$233
45 years$2,986$1,758$991$541$288$209
46 years$2,889$1,677$931$500$262$188
47 years$2,795$1,601$875$462$238$170
48 years$2,706$1,528$822$427$216$153
49 years$2,620$1,459$773$394$196$137
50 years$2,539$1,394$726$364$178$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,600,000, adding $5,485 every year, while hoping to spend $45,674 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: 39/50/11 Blend
56$2,600,000$2,600,000$2,600,000$2,600,000
57$2,870,858$2,733,058$2,692,758$2,973,068
58$3,115,088$2,818,381$2,734,368$3,131,203
59$3,382,700$2,906,354$2,775,842$3,297,178
60$3,676,029$2,997,059$2,817,126$3,475,620
61$3,997,648$3,090,579$2,858,165$3,667,673
62$4,350,393$3,187,002$2,898,898$3,874,595
63$4,737,385$3,286,417$2,939,262$4,097,766
64$5,162,062$3,388,915$2,979,192$4,338,705
65$5,628,212$3,494,592$3,018,615$4,599,082
66$6,140,008$3,603,545$3,057,457$4,880,732
67$6,702,045$3,715,875$3,095,638$5,185,676
68$7,319,387$3,831,686$3,133,074$5,516,133
69$7,997,609$3,951,084$3,169,677$5,874,546
70$8,742,857$4,074,179$3,205,353$6,263,605
71$9,561,900$4,201,085$3,240,004$6,686,265
72$10,462,194$4,331,918$3,273,524$7,145,782
73$11,451,954$4,466,799$3,305,804$7,645,737
74$12,540,233$4,605,851$3,336,728$8,190,071
75$13,737,002$4,749,203$3,366,173$8,783,125
76$15,053,247$4,896,985$3,394,011$9,429,674
77$16,501,075$5,049,334$3,420,107$10,134,976
78$18,093,821$5,206,388$3,444,317$10,904,822
79$19,846,181$5,368,291$3,466,492$11,745,584
80$21,774,346$5,535,192$3,486,474$12,664,281
81$23,896,155$5,707,241$3,504,096$13,668,641
82$26,231,264$5,884,598$3,519,185$14,767,175
83$28,801,332$6,067,422$3,531,557$15,969,256
84$31,630,223$6,255,881$3,541,019$17,285,205
85$34,744,233$6,450,146$3,547,370$18,726,391
86$38,172,334$6,650,393$3,550,397$20,305,335
87$41,946,454$6,856,804$3,549,877$22,035,828
88$46,101,772$7,069,567$3,545,577$23,933,061
89$50,677,050$7,288,873$3,537,251$26,013,768
90$55,715,003$7,514,922$3,524,643$28,296,380
91$61,262,698$7,747,917$3,507,483$30,801,204
92$67,371,997$7,988,069$3,485,488$33,550,608
93$74,100,051$8,235,595$3,458,361$36,569,232
94$81,509,833$8,490,716$3,425,794$39,884,226
95$89,670,738$8,753,663$3,387,460$43,525,495
96$98,659,233$9,024,673$3,343,020$47,525,990
97$108,559,580$9,303,987$3,292,116$51,922,013
98$119,464,631$9,591,856$3,234,376$56,753,557
99$131,476,704$9,888,538$3,169,408$62,064,690
100$144,708,550$10,194,298$3,096,805$67,903,961