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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$217,183$215,248$213,361$211,519$209,720$207,616
2 years$107,516$105,514$103,573$101,692$99,867$97,748
3 years$70,966$68,955$67,019$65,155$63,359$61,291
4 years$52,694$50,689$48,773$46,940$45,189$43,187
5 years$41,734$39,741$37,849$36,055$34,352$32,422
6 years$34,429$32,451$30,588$28,833$27,181$25,327
7 years$29,214$27,253$25,419$23,705$22,106$20,326
8 years$25,304$23,360$21,557$19,886$18,339$16,635
9 years$22,265$20,339$18,567$16,938$15,444$13,815
10 years$19,835$17,928$16,187$14,601$13,159$11,604
11 years$17,848$15,960$14,251$12,707$11,317$9,835
12 years$16,193$14,325$12,647$11,146$9,807$8,396
13 years$14,794$12,946$11,300$9,840$8,552$7,210
14 years$13,596$11,767$10,153$8,735$7,497$6,223
15 years$12,559$10,750$9,167$7,790$6,601$5,392
16 years$11,652$9,863$8,311$6,975$5,834$4,689
17 years$10,853$9,083$7,563$6,267$5,173$4,090
18 years$10,143$8,393$6,904$5,648$4,599$3,576
19 years$9,509$7,779$6,320$5,103$4,099$3,133
20 years$8,939$7,228$5,800$4,622$3,662$2,751
21 years$8,423$6,733$5,335$4,195$3,277$2,419
22 years$7,956$6,285$4,917$3,814$2,937$2,130
23 years$7,529$5,878$4,540$3,474$2,637$1,878
24 years$7,139$5,508$4,199$3,168$2,370$1,657
25 years$6,781$5,169$3,889$2,893$2,132$1,464
26 years$6,450$4,858$3,607$2,645$1,921$1,294
27 years$6,145$4,572$3,349$2,421$1,732$1,145
28 years$5,862$4,308$3,113$2,219$1,563$1,014
29 years$5,599$4,064$2,897$2,035$1,411$898
30 years$5,354$3,838$2,699$1,867$1,275$796
31 years$5,125$3,628$2,516$1,715$1,153$706
32 years$4,911$3,433$2,347$1,576$1,043$626
33 years$4,710$3,251$2,192$1,449$944$555
34 years$4,521$3,081$2,048$1,333$854$493
35 years$4,344$2,922$1,915$1,227$774$438
36 years$4,177$2,774$1,791$1,130$701$389
37 years$4,019$2,635$1,676$1,042$635$345
38 years$3,870$2,504$1,570$960$576$307
39 years$3,729$2,381$1,471$885$522$273
40 years$3,596$2,265$1,379$816$474$242
41 years$3,469$2,156$1,293$753$430$215
42 years$3,348$2,054$1,213$695$390$191
43 years$3,234$1,957$1,138$642$354$170
44 years$3,125$1,865$1,068$593$321$151
45 years$3,021$1,778$1,003$547$292$134
46 years$2,922$1,697$942$506$265$120
47 years$2,827$1,619$885$467$241$106
48 years$2,737$1,546$832$432$218$95
49 years$2,650$1,476$782$399$198$84
50 years$2,568$1,410$735$369$180$75

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 $6,996 every year, while hoping to spend $52,056 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: 67/19/14 Blend
56$2,630,000$2,630,000$2,630,000$2,630,000
57$2,905,476$2,766,086$2,725,321$3,090,271
58$3,146,448$2,846,237$2,761,232$3,294,515
59$3,410,254$2,928,571$2,796,602$3,510,965
60$3,699,168$3,013,140$2,831,357$3,746,314
61$4,015,695$3,099,996$2,865,419$4,002,411
62$4,362,593$3,189,193$2,898,708$4,281,292
63$4,742,900$3,280,785$2,931,137$4,585,198
64$5,159,961$3,374,829$2,962,615$4,916,597
65$5,617,460$3,471,379$2,993,046$5,278,206
66$6,119,456$3,570,492$3,022,328$5,673,020
67$6,670,421$3,672,225$3,050,356$6,104,335
68$7,275,277$3,776,637$3,077,016$6,575,782
69$7,939,449$3,883,787$3,102,190$7,091,361
70$8,668,913$3,993,732$3,125,753$7,655,478
71$9,470,250$4,106,534$3,147,575$8,272,986
72$10,350,713$4,222,251$3,167,516$8,949,231
73$11,318,290$4,340,946$3,185,432$9,690,103
74$12,381,782$4,462,678$3,201,170$10,502,090
75$13,550,884$4,587,510$3,214,569$11,392,339
76$14,836,279$4,715,502$3,225,462$12,368,727
77$16,249,735$4,846,717$3,233,670$13,439,929
78$17,804,218$4,981,217$3,239,009$14,615,505
79$19,514,014$5,119,063$3,241,281$15,905,986
80$21,394,863$5,260,316$3,240,284$17,322,977
81$23,464,108$5,405,040$3,235,802$18,879,263
82$25,740,854$5,553,294$3,227,608$20,588,932
83$28,246,156$5,705,140$3,215,468$22,467,507
84$31,003,210$5,860,639$3,199,133$24,532,091
85$34,037,576$6,019,849$3,178,342$26,801,531
86$37,377,417$6,182,829$3,152,825$29,296,592
87$41,053,764$6,349,638$3,122,295$32,040,158
88$45,100,809$6,520,332$3,086,453$35,057,441
89$49,556,229$6,694,966$3,044,987$38,376,227
90$54,461,539$6,873,594$2,997,568$42,027,131
91$59,862,484$7,056,267$2,943,854$46,043,889
92$65,809,470$7,243,037$2,883,486$50,463,676
93$72,358,040$7,433,950$2,816,087$55,327,459
94$79,569,398$7,629,052$2,741,264$60,680,378
95$87,510,987$7,828,386$2,658,607$66,572,179
96$96,257,121$8,031,990$2,567,683$73,057,677
97$105,889,691$8,239,901$2,468,045$80,197,278
98$116,498,935$8,452,152$2,359,220$88,057,546
99$128,184,290$8,668,771$2,240,717$96,711,836
100$141,055,329$8,889,781$2,112,022$106,240,980