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 $4,481 every year, while hoping to spend $33,814 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: 60/11/29 Blend
56$2,600,000$2,600,000$2,600,000$2,600,000
57$2,869,822$2,732,022$2,691,722$3,019,171
58$3,126,566$2,829,913$2,745,917$3,219,567
59$3,408,365$2,931,468$2,800,794$3,434,145
60$3,717,738$3,036,830$2,856,341$3,667,597
61$4,057,461$3,146,149$2,912,542$3,921,773
62$4,430,592$3,259,580$2,969,382$4,198,707
63$4,840,500$3,377,287$3,026,844$4,500,640
64$5,290,895$3,499,438$3,084,907$4,830,040
65$5,785,865$3,626,209$3,143,550$5,189,622
66$6,329,914$3,757,784$3,202,750$5,582,380
67$6,928,003$3,894,353$3,262,480$6,011,609
68$7,585,600$4,036,117$3,322,713$6,480,937
69$8,308,725$4,183,281$3,383,419$6,994,361
70$9,104,016$4,336,062$3,444,564$7,556,284
71$9,978,782$4,494,686$3,506,113$8,171,556
72$10,941,078$4,659,385$3,568,028$8,845,517
73$11,999,779$4,830,406$3,630,268$9,584,051
74$13,164,662$5,008,002$3,692,788$10,393,641
75$14,446,502$5,192,439$3,755,541$11,281,426
76$15,857,170$5,383,993$3,818,476$12,255,272
77$17,409,745$5,582,952$3,881,539$13,323,845
78$19,118,640$5,789,618$3,944,671$14,496,691
79$20,999,735$6,004,303$4,007,812$15,784,328
80$23,070,528$6,227,334$4,070,893$17,198,345
81$25,350,300$6,459,051$4,133,846$18,751,506
82$27,860,296$6,699,810$4,196,595$20,457,880
83$30,623,925$6,949,980$4,259,060$22,332,963
84$33,666,984$7,209,947$4,321,157$24,393,830
85$37,017,897$7,480,115$4,382,796$26,659,296
86$40,707,984$7,760,902$4,443,882$29,150,090
87$44,771,760$8,052,748$4,504,313$31,889,053
88$49,247,255$8,356,108$4,563,983$34,901,351
89$54,176,376$8,671,459$4,622,778$38,214,716
90$59,605,305$8,999,298$4,680,579$41,859,702
91$65,584,926$9,340,144$4,737,259$45,869,979
92$72,171,315$9,694,538$4,792,683$50,282,645
93$79,426,262$10,063,043$4,846,712$55,138,580
94$87,417,859$10,446,250$4,899,194$60,482,828
95$96,221,137$10,844,773$4,949,974$66,365,024
96$105,918,779$11,259,253$4,998,884$72,839,864
97$116,601,898$11,690,360$5,045,750$79,967,615
98$128,370,896$12,138,792$5,090,387$87,814,689
99$141,336,414$12,605,279$5,132,601$96,454,269
100$155,620,372$13,090,582$5,172,188$105,966,994