Can I retire at age 57 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$217,183$215,248$213,361$211,519$209,720$205,570
2 years$107,516$105,514$103,573$101,692$99,867$95,703
3 years$70,966$68,955$67,019$65,155$63,359$59,312
4 years$52,694$50,689$48,773$46,940$45,189$41,289
5 years$41,734$39,741$37,849$36,055$34,352$30,610
6 years$34,429$32,451$30,588$28,833$27,181$23,602
7 years$29,214$27,253$25,419$23,705$22,106$18,690
8 years$25,304$23,360$21,557$19,886$18,339$15,086
9 years$22,265$20,339$18,567$16,938$15,444$12,352
10 years$19,835$17,928$16,187$14,601$13,159$10,224
11 years$17,848$15,960$14,251$12,707$11,317$8,536
12 years$16,193$14,325$12,647$11,146$9,807$7,176
13 years$14,794$12,946$11,300$9,840$8,552$6,067
14 years$13,596$11,767$10,153$8,735$7,497$5,152
15 years$12,559$10,750$9,167$7,790$6,601$4,392
16 years$11,652$9,863$8,311$6,975$5,834$3,756
17 years$10,853$9,083$7,563$6,267$5,173$3,220
18 years$10,143$8,393$6,904$5,648$4,599$2,767
19 years$9,509$7,779$6,320$5,103$4,099$2,383
20 years$8,939$7,228$5,800$4,622$3,662$2,055
21 years$8,423$6,733$5,335$4,195$3,277$1,774
22 years$7,956$6,285$4,917$3,814$2,937$1,534
23 years$7,529$5,878$4,540$3,474$2,637$1,328
24 years$7,139$5,508$4,199$3,168$2,370$1,150
25 years$6,781$5,169$3,889$2,893$2,132$997
26 years$6,450$4,858$3,607$2,645$1,921$865
27 years$6,145$4,572$3,349$2,421$1,732$751
28 years$5,862$4,308$3,113$2,219$1,563$652
29 years$5,599$4,064$2,897$2,035$1,411$566
30 years$5,354$3,838$2,699$1,867$1,275$492
31 years$5,125$3,628$2,516$1,715$1,153$428
32 years$4,911$3,433$2,347$1,576$1,043$372
33 years$4,710$3,251$2,192$1,449$944$323
34 years$4,521$3,081$2,048$1,333$854$281
35 years$4,344$2,922$1,915$1,227$774$245
36 years$4,177$2,774$1,791$1,130$701$213
37 years$4,019$2,635$1,676$1,042$635$185
38 years$3,870$2,504$1,570$960$576$161
39 years$3,729$2,381$1,471$885$522$140
40 years$3,596$2,265$1,379$816$474$122
41 years$3,469$2,156$1,293$753$430$106
42 years$3,348$2,054$1,213$695$390$93
43 years$3,234$1,957$1,138$642$354$81
44 years$3,125$1,865$1,068$593$321$70
45 years$3,021$1,778$1,003$547$292$61
46 years$2,922$1,697$942$506$265$53
47 years$2,827$1,619$885$467$241$46
48 years$2,737$1,546$832$432$218$40
49 years$2,650$1,476$782$399$198$35
50 years$2,568$1,410$735$369$180$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,630,000, adding $2,971 every year, while hoping to spend $55,583 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: 67/9/24 Blend
56$2,630,000$2,630,000$2,630,000$2,630,000
57$2,901,325$2,761,935$2,721,170$3,077,630
58$3,138,120$2,838,130$2,753,189$3,272,626
59$3,397,205$2,916,195$2,784,418$3,479,186
60$3,680,796$2,996,164$2,814,772$3,703,806
61$3,991,330$3,078,070$2,844,160$3,948,269
62$4,331,495$3,161,944$2,872,488$4,214,536
63$4,704,248$3,247,819$2,899,657$4,504,771
64$5,112,846$3,335,727$2,925,560$4,821,355
65$5,560,876$3,425,699$2,950,087$5,166,914
66$6,052,292$3,517,764$2,973,121$5,544,338
67$6,591,444$3,611,953$2,994,539$5,956,813
68$7,183,127$3,708,294$3,014,212$6,407,851
69$7,832,622$3,806,816$3,032,003$6,901,318
70$8,545,745$3,907,546$3,047,771$7,441,478
71$9,328,903$4,010,508$3,061,363$8,033,026
72$10,189,156$4,115,727$3,072,624$8,681,136
73$11,134,278$4,223,226$3,081,385$9,391,513
74$12,172,837$4,333,027$3,087,474$10,170,438
75$13,314,269$4,445,147$3,090,706$11,024,837
76$14,568,970$4,559,606$3,090,891$11,962,340
77$15,948,396$4,676,417$3,087,827$12,991,356
78$17,465,164$4,795,594$3,081,301$14,121,152
79$19,133,179$4,917,146$3,071,093$15,361,937
80$20,967,759$5,041,082$3,056,970$16,724,967
81$22,985,780$5,167,404$3,038,688$18,222,642
82$25,205,837$5,296,115$3,015,992$19,868,628
83$27,648,419$5,427,211$2,988,614$21,677,987
84$30,336,099$5,560,685$2,956,274$23,667,315
85$33,293,750$5,696,528$2,918,678$25,854,904
86$36,548,777$5,834,723$2,875,518$28,260,910
87$40,131,378$5,975,249$2,826,474$30,907,548
88$44,074,825$6,118,083$2,771,207$33,819,299
89$48,415,780$6,263,192$2,709,365$37,023,142
90$53,194,640$6,410,538$2,640,579$40,548,808
91$58,455,917$6,560,079$2,564,463$44,429,065
92$64,248,661$6,711,764$2,480,613$48,700,020
93$70,626,918$6,865,533$2,388,606$53,401,470
94$77,650,241$7,021,321$2,288,002$58,577,270
95$85,384,253$7,179,053$2,178,337$64,275,750
96$93,901,265$7,338,646$2,059,130$70,550,174
97$103,280,959$7,500,004$1,929,876$77,459,240
98$113,611,137$7,663,025$1,790,047$85,067,636
99$124,988,553$7,827,593$1,639,093$93,446,652
100$137,519,820$7,993,580$1,476,438$102,674,851