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%19.3%
1 years$215,531$213,612$211,738$209,910$208,125$200,342
2 years$106,699$104,712$102,786$100,918$99,107$91,355
3 years$70,426$68,430$66,509$64,659$62,878$55,401
4 years$52,293$50,303$48,402$46,583$44,845$37,700
5 years$41,416$39,438$37,562$35,781$34,090$27,295
6 years$34,167$32,204$30,355$28,614$26,975$20,534
7 years$28,992$27,045$25,225$23,525$21,938$15,851
8 years$25,112$23,183$21,393$19,735$18,199$12,460
9 years$22,095$20,185$18,426$16,810$15,326$9,927
10 years$19,684$17,792$16,064$14,490$13,059$7,989
11 years$17,712$15,839$14,143$12,611$11,231$6,480
12 years$16,070$14,216$12,551$11,061$9,733$5,288
13 years$14,682$12,847$11,214$9,765$8,487$4,337
14 years$13,493$11,678$10,076$8,669$7,440$3,570
15 years$12,463$10,668$9,097$7,731$6,550$2,949
16 years$11,563$9,788$8,248$6,922$5,789$2,442
17 years$10,770$9,014$7,505$6,220$5,133$2,026
18 years$10,066$8,329$6,851$5,605$4,564$1,684
19 years$9,436$7,720$6,272$5,065$4,068$1,402
20 years$8,871$7,173$5,756$4,587$3,634$1,168
21 years$8,359$6,682$5,294$4,163$3,252$974
22 years$7,895$6,237$4,880$3,785$2,915$813
23 years$7,472$5,834$4,505$3,447$2,617$679
24 years$7,085$5,466$4,167$3,144$2,352$568
25 years$6,729$5,129$3,859$2,871$2,116$475
26 years$6,401$4,821$3,579$2,625$1,906$397
27 years$6,098$4,537$3,324$2,403$1,719$332
28 years$5,817$4,275$3,090$2,202$1,551$278
29 years$5,556$4,033$2,875$2,019$1,400$233
30 years$5,313$3,809$2,678$1,853$1,265$195
31 years$5,086$3,600$2,497$1,702$1,144$163
32 years$4,873$3,407$2,330$1,564$1,035$137
33 years$4,674$3,226$2,175$1,438$936$115
34 years$4,487$3,058$2,032$1,323$848$96
35 years$4,311$2,900$1,900$1,218$768$81
36 years$4,145$2,753$1,778$1,122$696$67
37 years$3,989$2,615$1,664$1,034$631$57
38 years$3,841$2,485$1,558$953$572$47
39 years$3,701$2,363$1,460$879$518$40
40 years$3,568$2,248$1,368$810$470$33
41 years$3,442$2,140$1,283$748$427$28
42 years$3,323$2,038$1,203$690$387$23
43 years$3,209$1,942$1,129$637$351$20
44 years$3,101$1,851$1,060$588$319$16
45 years$2,998$1,765$995$543$290$14
46 years$2,900$1,684$935$502$263$12
47 years$2,806$1,607$878$463$239$10
48 years$2,716$1,534$825$428$217$8
49 years$2,630$1,465$776$396$197$7
50 years$2,548$1,399$729$366$179$6

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 $4,370 every year, while hoping to spend $54,471 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: 26/48/26 Blend
56$2,610,000$2,610,000$2,610,000$2,610,000
57$2,880,728$2,742,398$2,701,943$2,932,012
58$3,116,605$2,818,818$2,734,501$3,050,494
59$3,374,717$2,897,158$2,766,324$3,172,552
60$3,657,272$2,977,453$2,797,331$3,302,383
61$3,966,706$3,059,741$2,827,433$3,440,678
62$4,305,698$3,144,056$2,856,541$3,588,200
63$4,677,201$3,230,437$2,884,557$3,745,786
64$5,084,465$3,318,918$2,911,379$3,914,361
65$5,531,072$3,409,536$2,936,901$4,094,937
66$6,020,963$3,502,325$2,961,009$4,288,634
67$6,558,484$3,597,322$2,983,586$4,496,681
68$7,148,419$3,694,560$3,004,505$4,720,433
69$7,796,037$3,794,073$3,023,636$4,961,383
70$8,507,145$3,895,895$3,040,840$5,221,172
71$9,288,137$4,000,056$3,055,971$5,501,611
72$10,146,058$4,106,590$3,068,877$5,804,693
73$11,088,668$4,215,526$3,079,397$6,132,613
74$12,124,518$4,326,892$3,087,362$6,487,791
75$13,263,026$4,440,717$3,092,596$6,872,892
76$14,514,568$4,557,026$3,094,912$7,290,852
77$15,890,578$4,675,843$3,094,115$7,744,907
78$17,403,649$4,797,192$3,090,000$8,238,621
79$19,067,659$4,921,092$3,082,352$8,775,924
80$20,897,896$5,047,562$3,070,947$9,361,144
81$22,911,206$5,176,616$3,055,548$9,999,054
82$25,126,147$5,308,269$3,035,907$10,694,910
83$27,563,170$5,442,529$3,011,766$11,454,507
84$30,244,804$5,579,405$2,982,851$12,284,231
85$33,195,876$5,718,898$2,948,879$13,191,122
86$36,443,740$5,861,008$2,909,551$14,182,935
87$40,018,536$6,005,732$2,864,555$15,268,221
88$43,953,473$6,153,059$2,813,564$16,456,403
89$48,285,144$6,302,976$2,756,235$17,757,867
90$53,053,871$6,455,464$2,692,211$19,184,060
91$58,304,083$6,610,499$2,621,118$20,747,600
92$64,084,736$6,768,050$2,542,562$22,462,393
93$70,449,775$6,928,080$2,456,134$24,343,766
94$77,458,643$7,090,547$2,361,405$26,408,615
95$85,176,840$7,255,399$2,257,927$28,675,561
96$93,676,541$7,422,576$2,145,231$31,165,128
97$103,037,279$7,592,014$2,022,827$33,899,939
98$113,346,692$7,763,634$1,890,203$36,904,928
99$124,701,354$7,937,351$1,746,824$40,207,579
100$137,207,680$8,113,069$1,592,130$43,838,185