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%18.4%
1 years$214,706$212,793$210,927$209,106$207,328$200,290
2 years$106,290$104,310$102,392$100,532$98,727$91,708
3 years$70,156$68,168$66,254$64,412$62,637$55,856
4 years$52,093$50,111$48,216$46,405$44,673$38,182
5 years$41,257$39,287$37,418$35,643$33,960$27,776
6 years$34,036$32,081$30,239$28,504$26,871$21,000
7 years$28,880$26,942$25,129$23,435$21,853$16,294
8 years$25,015$23,094$21,311$19,659$18,130$12,877
9 years$22,011$20,107$18,355$16,745$15,268$10,316
10 years$19,608$17,724$16,003$14,434$13,009$8,349
11 years$17,644$15,778$14,088$12,562$11,188$6,812
12 years$16,008$14,162$12,503$11,019$9,695$5,593
13 years$14,625$12,798$11,171$9,728$8,455$4,615
14 years$13,441$11,633$10,037$8,635$7,411$3,823
15 years$12,415$10,627$9,062$7,701$6,525$3,178
16 years$11,519$9,750$8,216$6,896$5,767$2,648
17 years$10,729$8,980$7,476$6,196$5,114$2,212
18 years$10,027$8,298$6,825$5,584$4,547$1,851
19 years$9,400$7,690$6,248$5,045$4,053$1,551
20 years$8,837$7,146$5,734$4,569$3,620$1,302
21 years$8,327$6,656$5,274$4,147$3,239$1,093
22 years$7,865$6,213$4,861$3,771$2,904$919
23 years$7,443$5,811$4,488$3,434$2,606$773
24 years$7,058$5,445$4,151$3,132$2,343$651
25 years$6,703$5,110$3,845$2,860$2,108$548
26 years$6,377$4,802$3,566$2,615$1,899$462
27 years$6,075$4,519$3,311$2,394$1,712$390
28 years$5,795$4,259$3,078$2,193$1,545$328
29 years$5,535$4,018$2,864$2,011$1,395$277
30 years$5,292$3,794$2,668$1,846$1,260$234
31 years$5,066$3,587$2,487$1,695$1,140$197
32 years$4,855$3,394$2,321$1,558$1,031$166
33 years$4,656$3,214$2,167$1,433$933$140
34 years$4,470$3,046$2,025$1,318$845$119
35 years$4,295$2,889$1,893$1,213$765$100
36 years$4,129$2,742$1,771$1,118$693$84
37 years$3,974$2,604$1,657$1,030$628$71
38 years$3,826$2,475$1,552$949$570$60
39 years$3,687$2,354$1,454$875$516$51
40 years$3,555$2,239$1,363$807$468$43
41 years$3,429$2,132$1,278$745$425$36
42 years$3,310$2,030$1,199$687$386$31
43 years$3,197$1,934$1,125$634$350$26
44 years$3,089$1,844$1,056$586$318$22
45 years$2,986$1,758$991$541$288$18
46 years$2,889$1,677$931$500$262$16
47 years$2,795$1,601$875$462$238$13
48 years$2,706$1,528$822$427$216$11
49 years$2,620$1,459$773$394$196$9
50 years$2,539$1,394$726$364$178$8

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 $5,879 every year, while hoping to spend $26,124 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: 41/40/19 Blend
56$2,600,000$2,600,000$2,600,000$2,600,000
57$2,871,264$2,733,464$2,693,164$2,972,688
58$3,136,337$2,839,608$2,755,589$3,151,545
59$3,427,573$2,950,078$2,819,230$3,342,040
60$3,747,610$3,065,057$2,884,100$3,547,684
61$4,099,361$3,184,739$2,950,211$3,769,876
62$4,486,029$3,309,324$3,017,577$4,010,149
63$4,911,145$3,439,023$3,086,207$4,270,191
64$5,378,601$3,574,054$3,156,115$4,551,853
65$5,892,683$3,714,648$3,227,309$4,857,170
66$6,458,114$3,861,042$3,299,801$5,188,379
67$7,080,096$4,013,488$3,373,599$5,547,936
68$7,764,364$4,172,246$3,448,712$5,938,545
69$8,517,232$4,337,590$3,525,147$6,363,174
70$9,345,661$4,509,803$3,602,911$6,825,090
71$10,257,320$4,689,185$3,682,010$7,327,882
72$11,260,658$4,876,046$3,762,449$7,875,501
73$12,364,985$5,070,712$3,844,230$8,472,291
74$13,580,558$5,273,522$3,927,357$9,123,028
75$14,918,683$5,484,832$4,011,831$9,832,970
76$16,391,812$5,705,012$4,097,651$10,607,900
77$18,013,670$5,934,452$4,184,816$11,454,180
78$19,799,380$6,173,555$4,273,322$12,378,814
79$21,765,604$6,422,746$4,363,165$13,389,506
80$23,930,703$6,682,469$4,454,339$14,494,738
81$26,314,910$6,953,185$4,546,835$15,703,844
82$28,940,520$7,235,380$4,640,643$17,027,097
83$31,832,099$7,529,559$4,735,750$18,475,808
84$35,016,717$7,836,252$4,832,142$20,062,428
85$38,524,206$8,156,012$4,929,802$21,800,663
86$42,387,435$8,489,417$5,028,711$23,705,603
87$46,642,627$8,837,072$5,128,847$25,793,865
88$51,329,697$9,199,610$5,230,185$28,083,743
89$56,492,628$9,577,693$5,332,698$30,595,382
90$62,179,888$9,972,012$5,436,355$33,350,966
91$68,444,886$10,383,290$5,541,123$36,374,922
92$75,346,477$10,812,284$5,646,963$39,694,154
93$82,949,518$11,259,786$5,753,836$43,338,288
94$91,325,476$11,726,622$5,861,697$47,339,954
95$100,553,107$12,213,660$5,970,497$51,735,089
96$110,719,199$12,721,804$6,080,183$56,563,276
97$121,919,387$13,252,002$6,190,699$61,868,110
98$134,259,059$13,805,245$6,301,982$67,697,612
99$147,854,351$14,382,569$6,413,966$74,104,677
100$162,833,239$14,985,060$6,526,578$81,147,568