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%11.6%
1 years$217,183$215,248$213,361$211,519$209,720$208,311
2 years$107,516$105,514$103,573$101,692$99,867$98,446
3 years$70,966$68,955$67,019$65,155$63,359$61,970
4 years$52,694$50,689$48,773$46,940$45,189$43,842
5 years$41,734$39,741$37,849$36,055$34,352$33,052
6 years$34,429$32,451$30,588$28,833$27,181$25,930
7 years$29,214$27,253$25,419$23,705$22,106$20,903
8 years$25,304$23,360$21,557$19,886$18,339$17,185
9 years$22,265$20,339$18,567$16,938$15,444$14,339
10 years$19,835$17,928$16,187$14,601$13,159$12,102
11 years$17,848$15,960$14,251$12,707$11,317$10,308
12 years$16,193$14,325$12,647$11,146$9,807$8,844
13 years$14,794$12,946$11,300$9,840$8,552$7,634
14 years$13,596$11,767$10,153$8,735$7,497$6,623
15 years$12,559$10,750$9,167$7,790$6,601$5,770
16 years$11,652$9,863$8,311$6,975$5,834$5,045
17 years$10,853$9,083$7,563$6,267$5,173$4,425
18 years$10,143$8,393$6,904$5,648$4,599$3,891
19 years$9,509$7,779$6,320$5,103$4,099$3,429
20 years$8,939$7,228$5,800$4,622$3,662$3,028
21 years$8,423$6,733$5,335$4,195$3,277$2,678
22 years$7,956$6,285$4,917$3,814$2,937$2,373
23 years$7,529$5,878$4,540$3,474$2,637$2,105
24 years$7,139$5,508$4,199$3,168$2,370$1,869
25 years$6,781$5,169$3,889$2,893$2,132$1,661
26 years$6,450$4,858$3,607$2,645$1,921$1,478
27 years$6,145$4,572$3,349$2,421$1,732$1,316
28 years$5,862$4,308$3,113$2,219$1,563$1,173
29 years$5,599$4,064$2,897$2,035$1,411$1,045
30 years$5,354$3,838$2,699$1,867$1,275$933
31 years$5,125$3,628$2,516$1,715$1,153$832
32 years$4,911$3,433$2,347$1,576$1,043$743
33 years$4,710$3,251$2,192$1,449$944$664
34 years$4,521$3,081$2,048$1,333$854$593
35 years$4,344$2,922$1,915$1,227$774$530
36 years$4,177$2,774$1,791$1,130$701$474
37 years$4,019$2,635$1,676$1,042$635$424
38 years$3,870$2,504$1,570$960$576$379
39 years$3,729$2,381$1,471$885$522$339
40 years$3,596$2,265$1,379$816$474$303
41 years$3,469$2,156$1,293$753$430$272
42 years$3,348$2,054$1,213$695$390$243
43 years$3,234$1,957$1,138$642$354$218
44 years$3,125$1,865$1,068$593$321$195
45 years$3,021$1,778$1,003$547$292$174
46 years$2,922$1,697$942$506$265$156
47 years$2,827$1,619$885$467$241$140
48 years$2,737$1,546$832$432$218$125
49 years$2,650$1,476$782$399$198$112
50 years$2,568$1,410$735$369$180$100

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 $2,565 every year, while hoping to spend $32,844 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: 53/35/12 Blend
56$2,630,000$2,630,000$2,630,000$2,630,000
57$2,900,906$2,761,516$2,720,751$3,045,422
58$3,161,852$2,861,884$2,776,950$3,244,479
59$3,448,315$2,966,070$2,833,931$3,457,191
60$3,762,861$3,074,226$2,891,686$3,687,863
61$4,108,319$3,186,509$2,950,204$3,938,202
62$4,487,807$3,303,087$3,009,475$4,210,088
63$4,904,755$3,424,131$3,069,485$4,505,588
64$5,362,947$3,549,820$3,130,219$4,826,976
65$5,866,549$3,680,342$3,191,663$5,176,751
66$6,420,151$3,815,892$3,253,797$5,557,663
67$7,028,808$3,956,674$3,316,602$5,972,739
68$7,698,094$4,102,898$3,380,055$6,425,307
69$8,434,146$4,254,786$3,444,133$6,919,032
70$9,243,727$4,412,569$3,508,810$7,457,943
71$10,134,288$4,576,486$3,574,056$8,046,478
72$11,114,039$4,746,787$3,639,840$8,689,520
73$12,192,025$4,923,734$3,706,129$9,392,443
74$13,378,213$5,107,598$3,772,886$10,161,165
75$14,683,584$5,298,663$3,840,070$11,002,198
76$16,120,238$5,497,226$3,907,641$11,922,713
77$17,701,506$5,703,594$3,975,551$12,930,604
78$19,442,080$5,918,091$4,043,752$14,034,563
79$21,358,145$6,141,050$4,112,191$15,244,161
80$23,467,538$6,372,824$4,180,812$16,569,938
81$25,789,911$6,613,776$4,249,553$18,023,498
82$28,346,920$6,864,289$4,318,350$19,617,621
83$31,162,426$7,124,759$4,387,136$21,366,383
84$34,262,723$7,395,603$4,455,835$23,285,283
85$37,676,786$7,677,252$4,524,370$25,391,393
86$41,436,539$7,970,158$4,592,658$27,703,515
87$45,577,165$8,274,794$4,660,610$30,242,361
88$50,137,428$8,591,652$4,728,133$33,030,740
89$55,160,046$8,921,244$4,795,126$36,093,779
90$60,692,093$9,264,107$4,861,485$39,459,155
91$66,785,439$9,620,800$4,927,097$43,157,355
92$73,497,243$9,991,909$4,991,844$47,221,964
93$80,890,491$10,378,041$5,055,600$51,689,978
94$89,034,591$10,779,835$5,118,232$56,602,152
95$98,006,027$11,197,955$5,179,601$62,003,386
96$107,889,082$11,633,095$5,239,558$67,943,141
97$118,776,631$12,085,980$5,297,946$74,475,910
98$130,771,021$12,557,366$5,354,600$81,661,726
99$143,985,032$13,048,043$5,409,346$89,566,730
100$158,542,946$13,558,839$5,462,000$98,263,789