Can I retire at age 57 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$218,835$216,885$214,983$213,127$211,315$208,501
2 years$108,334$106,316$104,361$102,465$100,626$97,796
3 years$71,505$69,479$67,528$65,650$63,841$61,083
4 years$53,094$51,074$49,143$47,297$45,532$42,866
5 years$42,051$40,043$38,137$36,329$34,613$32,047
6 years$34,691$32,698$30,821$29,053$27,388$24,926
7 years$29,436$27,460$25,612$23,886$22,274$19,916
8 years$25,496$23,538$21,721$20,037$18,478$16,225
9 years$22,434$20,494$18,708$17,067$15,561$13,411
10 years$19,985$18,065$16,310$14,712$13,259$11,210
11 years$17,983$16,082$14,359$12,804$11,403$9,454
12 years$16,316$14,434$12,744$11,231$9,882$8,030
13 years$14,907$13,044$11,386$9,915$8,617$6,860
14 years$13,699$11,857$10,230$8,801$7,554$5,889
15 years$12,654$10,831$9,236$7,849$6,651$5,076
16 years$11,740$9,938$8,374$7,028$5,878$4,389
17 years$10,935$9,152$7,620$6,315$5,212$3,807
18 years$10,220$8,457$6,956$5,691$4,634$3,309
19 years$9,581$7,838$6,368$5,142$4,131$2,883
20 years$9,007$7,283$5,844$4,657$3,689$2,516
21 years$8,487$6,784$5,376$4,227$3,302$2,199
22 years$8,016$6,333$4,954$3,843$2,959$1,925
23 years$7,587$5,923$4,575$3,500$2,657$1,687
24 years$7,193$5,549$4,231$3,192$2,388$1,479
25 years$6,832$5,208$3,918$2,915$2,149$1,299
26 years$6,499$4,895$3,634$2,666$1,935$1,141
27 years$6,192$4,606$3,375$2,440$1,745$1,003
28 years$5,906$4,341$3,137$2,235$1,575$882
29 years$5,641$4,095$2,919$2,050$1,422$777
30 years$5,394$3,867$2,719$1,881$1,285$684
31 years$5,164$3,656$2,535$1,728$1,161$602
32 years$4,948$3,459$2,365$1,588$1,051$531
33 years$4,746$3,276$2,209$1,460$951$468
34 years$4,556$3,105$2,064$1,344$861$412
35 years$4,377$2,945$1,929$1,237$780$364
36 years$4,209$2,795$1,805$1,139$706$321
37 years$4,050$2,655$1,689$1,050$640$283
38 years$3,900$2,523$1,582$967$580$250
39 years$3,758$2,399$1,482$892$526$220
40 years$3,623$2,282$1,389$823$477$194
41 years$3,495$2,173$1,303$759$433$172
42 years$3,374$2,069$1,222$701$393$152
43 years$3,258$1,971$1,147$647$357$134
44 years$3,149$1,879$1,076$597$324$118
45 years$3,044$1,792$1,011$551$294$104
46 years$2,944$1,710$949$509$267$92
47 years$2,849$1,631$892$471$242$81
48 years$2,758$1,557$838$435$220$72
49 years$2,671$1,487$788$402$200$63
50 years$2,587$1,421$740$371$182$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,650,000, adding $5,520 every year, while hoping to spend $20,464 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: 35/42/23 Blend
56$2,650,000$2,650,000$2,650,000$2,650,000
57$2,925,994$2,785,544$2,744,469$3,007,820
58$3,202,672$2,900,262$2,814,635$3,183,514
59$3,506,885$3,019,915$2,886,466$3,370,684
60$3,841,420$3,144,724$2,959,996$3,572,227
61$4,209,348$3,274,919$3,035,259$3,789,435
62$4,614,053$3,410,741$3,112,291$4,023,729
63$5,059,260$3,552,441$3,191,127$4,276,665
64$5,549,078$3,700,284$3,271,803$4,549,953
65$6,088,031$3,854,545$3,354,355$4,845,467
66$6,681,105$4,015,513$3,438,821$5,165,267
67$7,333,794$4,183,489$3,525,237$5,511,614
68$8,052,150$4,358,789$3,613,642$5,886,990
69$8,842,843$4,541,744$3,704,073$6,294,122
70$9,713,223$4,732,699$3,796,569$6,736,007
71$10,671,385$4,932,015$3,891,168$7,215,936
72$11,726,254$5,140,071$3,987,910$7,737,526
73$12,887,661$5,357,264$4,086,834$8,304,753
74$14,166,439$5,584,007$4,187,979$8,921,989
75$15,574,526$5,820,733$4,291,387$9,594,038
76$17,125,076$6,067,897$4,397,097$10,326,183
77$18,832,584$6,325,974$4,505,149$11,124,233
78$20,713,020$6,595,460$4,615,585$11,994,578
79$22,783,986$6,876,875$4,728,444$12,944,244
80$25,064,875$7,170,764$4,843,770$13,980,962
81$27,577,058$7,477,697$4,961,601$15,113,236
82$30,344,084$7,798,270$5,081,981$16,350,420
83$33,391,902$8,133,107$5,204,949$17,702,809
84$36,749,109$8,482,862$5,330,547$19,181,729
85$40,447,214$8,848,219$5,458,817$20,799,646
86$44,520,942$9,229,893$5,589,800$22,570,277
87$49,008,556$9,628,636$5,723,535$24,508,722
88$53,952,220$10,045,230$5,860,065$26,631,598
89$59,398,399$10,480,499$5,999,430$28,957,199
90$65,398,294$10,935,302$6,141,669$31,505,662
91$72,008,328$11,410,540$6,286,824$34,299,154
92$79,290,677$11,907,156$6,434,932$37,362,084
93$87,313,857$12,426,138$6,586,033$40,721,320
94$96,153,371$12,968,519$6,740,165$44,406,451
95$105,892,420$13,535,381$6,897,366$48,450,052
96$116,622,691$14,127,859$7,057,672$52,887,996
97$128,445,222$14,747,140$7,221,120$57,759,783
98$141,471,351$15,394,467$7,387,744$63,108,915
99$155,823,774$16,071,141$7,557,579$68,983,296
100$171,637,698$16,778,526$7,730,657$75,435,684