Can I retire at age 57 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$219,660$217,704$215,795$213,932$212,112$209,115
2 years$108,743$106,717$104,755$102,852$101,006$97,992
3 years$71,775$69,741$67,783$65,898$64,082$61,146
4 years$53,295$51,267$49,329$47,476$45,704$42,867
5 years$42,210$40,194$38,281$36,466$34,743$32,014
6 years$34,822$32,821$30,937$29,162$27,491$24,873
7 years$29,547$27,563$25,709$23,976$22,358$19,852
8 years$25,593$23,627$21,803$20,113$18,548$16,154
9 years$22,519$20,571$18,779$17,132$15,620$13,336
10 years$20,061$18,133$16,372$14,768$13,309$11,134
11 years$18,051$16,143$14,414$12,852$11,446$9,378
12 years$16,378$14,489$12,792$11,273$9,919$7,955
13 years$14,963$13,094$11,429$9,952$8,650$6,788
14 years$13,751$11,902$10,269$8,835$7,582$5,819
15 years$12,702$10,872$9,271$7,879$6,676$5,009
16 years$11,785$9,975$8,406$7,055$5,900$4,325
17 years$10,976$9,187$7,649$6,339$5,232$3,746
18 years$10,259$8,489$6,982$5,712$4,652$3,252
19 years$9,617$7,868$6,392$5,162$4,146$2,829
20 years$9,040$7,311$5,866$4,675$3,703$2,465
21 years$8,519$6,810$5,396$4,243$3,314$2,152
22 years$8,046$6,357$4,973$3,858$2,971$1,880
23 years$7,615$5,945$4,592$3,513$2,667$1,645
24 years$7,220$5,570$4,247$3,204$2,397$1,441
25 years$6,858$5,227$3,933$2,926$2,157$1,263
26 years$6,524$4,913$3,648$2,676$1,943$1,108
27 years$6,215$4,624$3,387$2,449$1,752$972
28 years$5,929$4,357$3,149$2,244$1,580$854
29 years$5,662$4,110$2,930$2,058$1,427$750
30 years$5,415$3,882$2,730$1,888$1,289$659
31 years$5,183$3,669$2,545$1,734$1,166$580
32 years$4,967$3,472$2,374$1,594$1,055$510
33 years$4,764$3,288$2,217$1,466$954$449
34 years$4,573$3,116$2,071$1,349$864$395
35 years$4,394$2,956$1,937$1,242$783$348
36 years$4,225$2,806$1,812$1,143$709$306
37 years$4,065$2,665$1,696$1,053$643$270
38 years$3,914$2,532$1,588$971$583$238
39 years$3,772$2,408$1,488$895$528$209
40 years$3,637$2,291$1,394$826$479$184
41 years$3,508$2,181$1,307$762$435$163
42 years$3,387$2,077$1,226$703$395$143
43 years$3,271$1,979$1,151$649$358$126
44 years$3,160$1,886$1,080$599$325$111
45 years$3,055$1,799$1,014$554$295$98
46 years$2,955$1,716$953$511$268$86
47 years$2,860$1,638$895$472$243$76
48 years$2,768$1,563$841$436$221$67
49 years$2,681$1,493$791$403$201$59
50 years$2,597$1,426$743$373$182$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,660,000, adding $4,697 every year, while hoping to spend $30,940 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: 49/43/8 Blend
56$2,660,000$2,660,000$2,660,000$2,660,000
57$2,936,165$2,795,185$2,753,955$3,073,634
58$3,202,734$2,899,229$2,813,293$3,272,198
59$3,495,456$3,007,334$2,873,581$3,484,086
60$3,816,966$3,119,667$2,934,819$3,713,507
61$4,170,166$3,236,401$2,997,006$3,962,106
62$4,558,255$3,357,717$3,060,138$4,231,692
63$4,984,756$3,483,803$3,124,210$4,524,251
64$5,453,548$3,614,857$3,189,219$4,841,968
65$5,968,908$3,751,083$3,255,156$5,187,244
66$6,535,546$3,892,695$3,322,013$5,562,717
67$7,158,652$4,039,918$3,389,781$5,971,291
68$7,843,945$4,192,984$3,458,449$6,416,157
69$8,597,723$4,352,136$3,528,002$6,900,826
70$9,426,928$4,517,628$3,598,428$7,429,159
71$10,339,207$4,689,724$3,669,708$8,005,403
72$11,342,987$4,868,702$3,741,824$8,634,232
73$12,447,552$5,054,848$3,814,755$9,320,788
74$13,663,131$5,248,464$3,888,478$10,070,728
75$15,000,996$5,449,864$3,962,967$10,890,279
76$16,473,566$5,659,376$4,038,195$11,786,291
77$18,094,526$5,877,342$4,114,131$12,766,307
78$19,878,955$6,104,119$4,190,742$13,838,627
79$21,843,467$6,340,080$4,267,990$15,012,388
80$24,006,371$6,585,613$4,345,838$16,297,649
81$26,387,839$6,841,127$4,424,242$17,705,482
82$29,010,100$7,107,044$4,503,156$19,248,079
83$31,897,650$7,383,808$4,582,531$20,938,861
84$35,077,477$7,671,883$4,662,313$22,792,609
85$38,579,325$7,971,750$4,742,445$24,825,594
86$42,435,966$8,283,915$4,822,867$27,055,737
87$46,683,512$8,608,905$4,903,511$29,502,770
88$51,361,759$8,947,270$4,984,307$32,188,425
89$56,514,558$9,299,586$5,065,181$35,136,633
90$62,190,231$9,666,453$5,146,052$38,373,751
91$68,442,024$10,048,499$5,226,835$41,928,810
92$75,328,615$10,446,380$5,307,438$45,833,780
93$82,914,661$10,860,780$5,387,765$50,123,878
94$91,271,414$11,292,415$5,467,712$54,837,891
95$100,477,388$11,742,033$5,547,170$60,018,545
96$110,619,105$12,210,416$5,626,024$65,712,904
97$121,791,907$12,698,380$5,704,149$71,972,807
98$134,100,859$13,206,778$5,781,416$78,855,363
99$147,661,738$13,736,502$5,857,685$86,423,480
100$162,602,129$14,288,485$5,932,811$94,746,459