Can I retire at age 57 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$215,531$213,612$211,738$209,910$208,125$206,467
2 years$106,699$104,712$102,786$100,918$99,107$97,436
3 years$70,426$68,430$66,509$64,659$62,878$61,245
4 years$52,293$50,303$48,402$46,583$44,845$43,263
5 years$41,416$39,438$37,562$35,781$34,090$32,565
6 years$34,167$32,204$30,355$28,614$26,975$25,506
7 years$28,992$27,045$25,225$23,525$21,938$20,528
8 years$25,112$23,183$21,393$19,735$18,199$16,848
9 years$22,095$20,185$18,426$16,810$15,326$14,033
10 years$19,684$17,792$16,064$14,490$13,059$11,822
11 years$17,712$15,839$14,143$12,611$11,231$10,051
12 years$16,070$14,216$12,551$11,061$9,733$8,608
13 years$14,682$12,847$11,214$9,765$8,487$7,416
14 years$13,493$11,678$10,076$8,669$7,440$6,421
15 years$12,463$10,668$9,097$7,731$6,550$5,583
16 years$11,563$9,788$8,248$6,922$5,789$4,872
17 years$10,770$9,014$7,505$6,220$5,133$4,264
18 years$10,066$8,329$6,851$5,605$4,564$3,741
19 years$9,436$7,720$6,272$5,065$4,068$3,290
20 years$8,871$7,173$5,756$4,587$3,634$2,899
21 years$8,359$6,682$5,294$4,163$3,252$2,559
22 years$7,895$6,237$4,880$3,785$2,915$2,261
23 years$7,472$5,834$4,505$3,447$2,617$2,001
24 years$7,085$5,466$4,167$3,144$2,352$1,773
25 years$6,729$5,129$3,859$2,871$2,116$1,572
26 years$6,401$4,821$3,579$2,625$1,906$1,396
27 years$6,098$4,537$3,324$2,403$1,719$1,240
28 years$5,817$4,275$3,090$2,202$1,551$1,102
29 years$5,556$4,033$2,875$2,019$1,400$980
30 years$5,313$3,809$2,678$1,853$1,265$872
31 years$5,086$3,600$2,497$1,702$1,144$777
32 years$4,873$3,407$2,330$1,564$1,035$692
33 years$4,674$3,226$2,175$1,438$936$616
34 years$4,487$3,058$2,032$1,323$848$549
35 years$4,311$2,900$1,900$1,218$768$490
36 years$4,145$2,753$1,778$1,122$696$437
37 years$3,989$2,615$1,664$1,034$631$390
38 years$3,841$2,485$1,558$953$572$347
39 years$3,701$2,363$1,460$879$518$310
40 years$3,568$2,248$1,368$810$470$277
41 years$3,442$2,140$1,283$748$427$247
42 years$3,323$2,038$1,203$690$387$221
43 years$3,209$1,942$1,129$637$351$197
44 years$3,101$1,851$1,060$588$319$176
45 years$2,998$1,765$995$543$290$157
46 years$2,900$1,684$935$502$263$140
47 years$2,806$1,607$878$463$239$125
48 years$2,716$1,534$825$428$217$112
49 years$2,630$1,465$776$396$197$100
50 years$2,548$1,399$729$366$179$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,610,000, adding $3,730 every year, while hoping to spend $43,482 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: 56/19/25 Blend
56$2,610,000$2,610,000$2,610,000$2,610,000
57$2,880,067$2,741,737$2,701,282$3,021,459
58$3,127,570$2,829,818$2,745,511$3,206,929
59$3,398,860$2,920,757$2,789,764$3,404,016
60$3,696,319$3,014,649$2,833,996$3,617,838
61$4,022,568$3,111,592$2,878,159$3,850,021
62$4,380,494$3,211,684$2,922,202$4,102,353
63$4,773,280$3,315,032$2,966,071$4,376,805
64$5,204,428$3,421,742$3,009,708$4,675,546
65$5,677,797$3,531,925$3,053,051$5,000,962
66$6,197,640$3,645,697$3,096,035$5,355,685
67$6,768,639$3,763,175$3,138,592$5,742,610
68$7,395,953$3,884,484$3,180,648$6,164,926
69$8,085,266$4,009,749$3,222,125$6,626,147
70$8,842,839$4,139,103$3,262,942$7,130,141
71$9,675,570$4,272,680$3,303,012$7,681,171
72$10,591,058$4,410,622$3,342,243$8,283,930
73$11,597,677$4,553,073$3,380,539$8,943,589
74$12,704,650$4,700,184$3,417,797$9,665,845
75$13,922,141$4,852,109$3,453,910$10,456,973
76$15,261,346$5,009,010$3,488,763$11,323,885
77$16,734,604$5,171,052$3,522,238$12,274,198
78$18,355,507$5,338,407$3,554,206$13,316,302
79$20,139,033$5,511,253$3,584,535$14,459,440
80$22,101,682$5,689,773$3,613,086$15,713,797
81$24,261,639$5,874,157$3,639,709$17,090,593
82$26,638,937$6,064,601$3,664,251$18,602,193
83$29,255,652$6,261,310$3,686,546$20,262,216
84$32,136,108$6,464,493$3,706,425$22,085,672
85$35,307,105$6,674,368$3,723,705$24,089,097
86$38,798,178$6,891,160$3,738,197$26,290,713
87$42,641,867$7,115,102$3,749,701$28,710,597
88$46,874,031$7,346,435$3,758,009$31,370,871
89$51,534,179$7,585,408$3,762,900$34,295,911
90$56,665,852$7,832,279$3,764,143$37,512,579
91$62,317,023$8,087,315$3,761,496$41,050,471
92$68,540,558$8,350,792$3,754,705$44,942,202
93$75,394,710$8,622,996$3,743,503$49,223,708
94$82,943,672$8,904,224$3,727,611$53,934,591
95$91,258,176$9,194,780$3,706,736$59,118,488
96$100,416,168$9,494,983$3,680,570$64,823,484
97$110,503,540$9,805,160$3,648,792$71,102,568
98$121,614,939$10,125,651$3,611,065$78,014,129
99$133,854,662$10,456,807$3,567,034$85,622,510
100$147,337,639$10,798,992$3,516,331$93,998,615