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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$214,706$212,793$210,927$209,106$207,328$200,932
2 years$106,290$104,310$102,392$100,532$98,727$92,340
3 years$70,156$68,168$66,254$64,412$62,637$56,458
4 years$52,093$50,111$48,216$46,405$44,673$38,750
5 years$41,257$39,287$37,418$35,643$33,960$28,308
6 years$34,036$32,081$30,239$28,504$26,871$21,496
7 years$28,880$26,942$25,129$23,435$21,853$16,755
8 years$25,015$23,094$21,311$19,659$18,130$13,304
9 years$22,011$20,107$18,355$16,745$15,268$10,710
10 years$19,608$17,724$16,003$14,434$13,009$8,712
11 years$17,644$15,778$14,088$12,562$11,188$7,145
12 years$16,008$14,162$12,503$11,019$9,695$5,897
13 years$14,625$12,798$11,171$9,728$8,455$4,893
14 years$13,441$11,633$10,037$8,635$7,411$4,076
15 years$12,415$10,627$9,062$7,701$6,525$3,407
16 years$11,519$9,750$8,216$6,896$5,767$2,856
17 years$10,729$8,980$7,476$6,196$5,114$2,400
18 years$10,027$8,298$6,825$5,584$4,547$2,020
19 years$9,400$7,690$6,248$5,045$4,053$1,703
20 years$8,837$7,146$5,734$4,569$3,620$1,438
21 years$8,327$6,656$5,274$4,147$3,239$1,215
22 years$7,865$6,213$4,861$3,771$2,904$1,028
23 years$7,443$5,811$4,488$3,434$2,606$870
24 years$7,058$5,445$4,151$3,132$2,343$737
25 years$6,703$5,110$3,845$2,860$2,108$625
26 years$6,377$4,802$3,566$2,615$1,899$530
27 years$6,075$4,519$3,311$2,394$1,712$450
28 years$5,795$4,259$3,078$2,193$1,545$382
29 years$5,535$4,018$2,864$2,011$1,395$324
30 years$5,292$3,794$2,668$1,846$1,260$275
31 years$5,066$3,587$2,487$1,695$1,140$234
32 years$4,855$3,394$2,321$1,558$1,031$199
33 years$4,656$3,214$2,167$1,433$933$169
34 years$4,470$3,046$2,025$1,318$845$143
35 years$4,295$2,889$1,893$1,213$765$122
36 years$4,129$2,742$1,771$1,118$693$104
37 years$3,974$2,604$1,657$1,030$628$88
38 years$3,826$2,475$1,552$949$570$75
39 years$3,687$2,354$1,454$875$516$64
40 years$3,555$2,239$1,363$807$468$54
41 years$3,429$2,132$1,278$745$425$46
42 years$3,310$2,030$1,199$687$386$39
43 years$3,197$1,934$1,125$634$350$33
44 years$3,089$1,844$1,056$586$318$28
45 years$2,986$1,758$991$541$288$24
46 years$2,889$1,677$931$500$262$20
47 years$2,795$1,601$875$462$238$17
48 years$2,706$1,528$822$427$216$15
49 years$2,620$1,459$773$394$196$13
50 years$2,539$1,394$726$364$178$11

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 $6,523 every year, while hoping to spend $58,043 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: 68/17/15 Blend
56$2,600,000$2,600,000$2,600,000$2,600,000
57$2,871,928$2,734,128$2,693,828$3,056,740
58$3,103,108$2,806,343$2,722,314$3,252,935
59$3,355,922$2,880,152$2,749,809$3,459,970
60$3,632,517$2,955,570$2,776,219$3,684,948
61$3,935,255$3,032,614$2,801,443$3,929,628
62$4,266,736$3,111,297$2,825,377$4,195,946
63$4,629,827$3,191,635$2,847,911$4,486,034
64$5,027,681$3,273,637$2,868,927$4,802,239
65$5,463,773$3,357,313$2,888,305$5,147,149
66$5,941,930$3,442,673$2,905,915$5,523,613
67$6,466,365$3,529,723$2,921,622$5,934,768
68$7,041,721$3,618,466$2,935,283$6,384,073
69$7,673,111$3,708,905$2,946,749$6,875,336
70$8,366,166$3,801,039$2,955,862$7,412,753
71$9,127,090$3,894,865$2,962,459$8,000,947
72$9,962,717$3,990,377$2,966,365$8,645,012
73$10,880,575$4,087,566$2,967,399$9,350,558
74$11,888,956$4,186,420$2,965,370$10,123,769
75$12,996,998$4,286,923$2,960,078$10,971,458
76$14,214,763$4,389,054$2,951,312$11,901,129
77$15,553,341$4,492,789$2,938,854$12,921,055
78$17,024,948$4,598,101$2,922,471$14,040,349
79$18,643,040$4,704,956$2,901,921$15,269,052
80$20,422,447$4,813,316$2,876,953$16,618,230
81$22,379,505$4,923,137$2,847,298$18,100,076
82$24,532,212$5,034,368$2,812,681$19,728,027
83$26,900,401$5,146,955$2,772,809$21,516,888
84$29,505,921$5,260,835$2,727,377$23,482,974
85$32,372,847$5,375,938$2,676,066$25,644,266
86$35,527,704$5,492,186$2,618,541$28,020,575
87$38,999,722$5,609,495$2,554,454$30,633,734
88$42,821,103$5,727,770$2,483,438$33,507,802
89$47,027,332$5,846,907$2,405,110$36,669,293
90$51,657,509$5,966,795$2,319,070$40,147,425
91$56,754,716$6,087,309$2,224,900$43,974,394
92$62,366,424$6,208,314$2,122,161$48,185,683
93$68,544,942$6,329,664$2,010,396$52,820,394
94$75,347,909$6,451,201$1,889,128$57,921,616
95$82,838,838$6,572,751$1,757,855$63,536,835
96$91,087,712$6,694,129$1,616,056$69,718,381
97$100,171,650$6,815,133$1,463,186$76,523,924
98$110,175,629$6,935,545$1,298,673$84,017,014
99$121,193,288$7,055,131$1,121,923$92,267,688
100$133,327,810$7,173,639$932,314$101,353,127