Can I retire at age 57 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$216,357$214,430$212,550$210,714$208,922$201,270
2 years$107,108$105,113$103,179$101,305$99,487$91,862
3 years$70,696$68,692$66,764$64,907$63,119$55,761
4 years$52,493$50,496$48,587$46,762$45,017$37,983
5 years$41,575$39,590$37,706$35,918$34,221$27,530
6 years$34,298$32,328$30,472$28,724$27,078$20,734
7 years$29,103$27,149$25,322$23,615$22,022$16,023
8 years$25,208$23,272$21,475$19,810$18,269$12,610
9 years$22,180$20,262$18,497$16,874$15,385$10,059
10 years$19,759$17,860$16,126$14,546$13,109$8,106
11 years$17,780$15,900$14,197$12,659$11,274$6,583
12 years$16,132$14,271$12,599$11,104$9,770$5,380
13 years$14,738$12,897$11,257$9,803$8,520$4,418
14 years$13,544$11,723$10,114$8,702$7,468$3,642
15 years$12,511$10,709$9,132$7,761$6,576$3,012
16 years$11,608$9,825$8,279$6,949$5,812$2,498
17 years$10,811$9,049$7,534$6,243$5,153$2,076
18 years$10,104$8,361$6,877$5,627$4,582$1,728
19 years$9,472$7,749$6,296$5,084$4,084$1,440
20 years$8,905$7,201$5,778$4,605$3,648$1,202
21 years$8,391$6,707$5,315$4,179$3,264$1,004
22 years$7,925$6,261$4,898$3,800$2,926$840
23 years$7,501$5,856$4,523$3,460$2,627$703
24 years$7,112$5,487$4,183$3,156$2,361$588
25 years$6,755$5,149$3,874$2,882$2,124$493
26 years$6,426$4,839$3,593$2,635$1,914$413
27 years$6,121$4,554$3,336$2,412$1,725$346
28 years$5,839$4,291$3,102$2,210$1,557$290
29 years$5,577$4,048$2,886$2,027$1,406$243
30 years$5,333$3,823$2,689$1,860$1,270$204
31 years$5,105$3,614$2,506$1,708$1,148$171
32 years$4,892$3,420$2,339$1,570$1,039$144
33 years$4,692$3,239$2,184$1,444$940$121
34 years$4,504$3,070$2,040$1,328$851$101
35 years$4,328$2,911$1,907$1,223$771$85
36 years$4,161$2,763$1,784$1,126$698$71
37 years$4,004$2,625$1,670$1,038$633$60
38 years$3,856$2,494$1,564$956$574$50
39 years$3,715$2,372$1,465$882$520$42
40 years$3,582$2,257$1,373$813$472$35
41 years$3,456$2,148$1,288$750$428$30
42 years$3,336$2,046$1,208$693$389$25
43 years$3,222$1,949$1,134$639$353$21
44 years$3,113$1,858$1,064$590$320$18
45 years$3,009$1,772$999$545$291$15
46 years$2,911$1,690$938$504$264$12
47 years$2,817$1,613$882$465$240$10
48 years$2,726$1,540$828$430$218$9
49 years$2,640$1,470$779$397$198$7
50 years$2,558$1,405$732$367$180$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,620,000, adding $3,463 every year, while hoping to spend $55,496 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: 48/29/23 Blend
56$2,620,000$2,620,000$2,620,000$2,620,000
57$2,890,812$2,751,952$2,711,342$3,010,542
58$3,126,628$2,827,750$2,743,125$3,170,330
59$3,384,636$2,905,403$2,774,112$3,337,927
60$3,667,043$2,984,942$2,804,219$3,518,798
61$3,976,277$3,066,399$2,833,355$3,714,216
62$4,315,011$3,149,806$2,861,427$3,925,584
63$4,686,190$3,235,195$2,888,332$4,154,444
64$5,093,058$3,322,596$2,913,968$4,402,496
65$5,539,185$3,412,038$2,938,221$4,671,613
66$6,028,507$3,503,553$2,960,976$4,963,857
67$6,565,355$3,597,168$2,982,110$5,281,500
68$7,154,504$3,692,911$3,001,493$5,627,043
69$7,801,209$3,790,810$3,018,989$6,003,245
70$8,511,262$3,890,889$3,034,454$6,413,141
71$9,291,041$3,993,174$3,047,740$6,860,079
72$10,147,575$4,097,686$3,058,686$7,347,744
73$11,088,604$4,204,449$3,067,128$7,880,199
74$12,122,655$4,313,481$3,072,891$8,461,919
75$13,259,125$4,424,801$3,075,792$9,097,837
76$14,508,364$4,538,424$3,075,639$9,793,387
77$15,881,775$4,654,365$3,072,231$10,554,556
78$17,391,920$4,772,633$3,065,355$11,387,945
79$19,052,642$4,893,238$3,054,790$12,300,823
80$20,879,190$5,016,185$3,040,304$13,301,205
81$22,888,366$5,141,476$3,021,652$14,397,921
82$25,098,682$5,269,111$2,998,581$15,600,702
83$27,530,534$5,399,085$2,970,820$16,920,273
84$30,206,398$5,531,389$2,938,091$18,368,452
85$33,151,033$5,666,010$2,900,100$19,958,264
86$36,391,724$5,802,930$2,856,539$21,704,062
87$39,958,533$5,942,126$2,807,086$23,621,665
88$43,884,584$6,083,571$2,751,405$25,728,507
89$48,206,376$6,227,231$2,689,141$28,043,799
90$52,964,127$6,373,066$2,619,928$30,588,715
91$58,202,150$6,521,028$2,543,377$33,386,591
92$63,969,275$6,671,064$2,459,087$36,463,142
93$70,319,308$6,823,114$2,366,633$39,846,712
94$77,311,537$6,977,106$2,265,575$43,568,536
95$85,011,293$7,132,963$2,155,451$47,663,038
96$93,490,565$7,290,598$2,035,778$52,168,156
97$102,828,677$7,449,913$1,906,052$57,125,701
98$113,113,043$7,610,799$1,765,745$62,581,753
99$124,439,983$7,773,138$1,614,307$68,587,094
100$136,915,637$7,936,797$1,451,162$75,197,693