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%19.9%
1 years$219,660$217,704$215,795$213,932$212,112$203,696
2 years$108,743$106,717$104,755$102,852$101,006$92,631
3 years$71,775$69,741$67,783$65,898$64,082$56,013
4 years$53,295$51,267$49,329$47,476$45,704$38,001
5 years$42,210$40,194$38,281$36,466$34,743$27,427
6 years$34,822$32,821$30,937$29,162$27,491$20,565
7 years$29,547$27,563$25,709$23,976$22,358$15,820
8 years$25,593$23,627$21,803$20,113$18,548$12,392
9 years$22,519$20,571$18,779$17,132$15,620$9,836
10 years$20,061$18,133$16,372$14,768$13,309$7,886
11 years$18,051$16,143$14,414$12,852$11,446$6,371
12 years$16,378$14,489$12,792$11,273$9,919$5,179
13 years$14,963$13,094$11,429$9,952$8,650$4,230
14 years$13,751$11,902$10,269$8,835$7,582$3,467
15 years$12,702$10,872$9,271$7,879$6,676$2,851
16 years$11,785$9,975$8,406$7,055$5,900$2,351
17 years$10,976$9,187$7,649$6,339$5,232$1,942
18 years$10,259$8,489$6,982$5,712$4,652$1,607
19 years$9,617$7,868$6,392$5,162$4,146$1,331
20 years$9,040$7,311$5,866$4,675$3,703$1,104
21 years$8,519$6,810$5,396$4,243$3,314$917
22 years$8,046$6,357$4,973$3,858$2,971$762
23 years$7,615$5,945$4,592$3,513$2,667$633
24 years$7,220$5,570$4,247$3,204$2,397$527
25 years$6,858$5,227$3,933$2,926$2,157$439
26 years$6,524$4,913$3,648$2,676$1,943$365
27 years$6,215$4,624$3,387$2,449$1,752$304
28 years$5,929$4,357$3,149$2,244$1,580$253
29 years$5,662$4,110$2,930$2,058$1,427$211
30 years$5,415$3,882$2,730$1,888$1,289$176
31 years$5,183$3,669$2,545$1,734$1,166$147
32 years$4,967$3,472$2,374$1,594$1,055$122
33 years$4,764$3,288$2,217$1,466$954$102
34 years$4,573$3,116$2,071$1,349$864$85
35 years$4,394$2,956$1,937$1,242$783$71
36 years$4,225$2,806$1,812$1,143$709$59
37 years$4,065$2,665$1,696$1,053$643$49
38 years$3,914$2,532$1,588$971$583$41
39 years$3,772$2,408$1,488$895$528$34
40 years$3,637$2,291$1,394$826$479$29
41 years$3,508$2,181$1,307$762$435$24
42 years$3,387$2,077$1,226$703$395$20
43 years$3,271$1,979$1,151$649$358$17
44 years$3,160$1,886$1,080$599$325$14
45 years$3,055$1,799$1,014$554$295$12
46 years$2,955$1,716$953$511$268$10
47 years$2,860$1,638$895$472$243$8
48 years$2,768$1,563$841$436$221$7
49 years$2,681$1,493$791$403$201$6
50 years$2,597$1,426$743$373$182$5

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 $2,559 every year, while hoping to spend $54,667 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: 52/23/25 Blend
56$2,660,000$2,660,000$2,660,000$2,660,000
57$2,933,960$2,792,980$2,751,750$3,065,930
58$3,175,058$2,871,670$2,785,768$3,236,284
59$3,438,917$2,952,385$2,819,094$3,415,703
60$3,727,799$3,035,164$2,851,646$3,609,764
61$4,044,197$3,120,050$2,883,339$3,819,884
62$4,390,858$3,207,085$2,914,083$4,047,623
63$4,770,803$3,296,310$2,943,783$4,294,699
64$5,187,364$3,387,768$2,972,339$4,563,004
65$5,644,207$3,481,500$2,999,644$4,854,624
66$6,145,371$3,577,549$3,025,587$5,171,853
67$6,695,306$3,675,956$3,050,051$5,517,222
68$7,298,912$3,776,763$3,072,913$5,893,517
69$7,961,587$3,880,011$3,094,042$6,303,808
70$8,689,279$3,985,740$3,113,301$6,751,477
71$9,488,536$4,093,993$3,130,548$7,240,251
72$10,366,576$4,204,807$3,145,630$7,774,235
73$11,331,347$4,318,223$3,158,389$8,357,954
74$12,391,607$4,434,279$3,168,658$8,996,391
75$13,557,005$4,553,013$3,176,262$9,695,041
76$14,838,169$4,674,460$3,181,016$10,459,955
77$16,246,809$4,798,656$3,182,728$11,297,802
78$17,795,829$4,925,634$3,181,194$12,215,932
79$19,499,441$5,055,428$3,176,201$13,222,443
80$21,373,307$5,188,068$3,167,528$14,326,259
81$23,434,683$5,323,581$3,154,938$15,537,216
82$25,702,580$5,461,996$3,138,188$16,866,151
83$28,197,946$5,603,337$3,117,020$18,325,008
84$30,943,861$5,747,624$3,091,164$19,926,948
85$33,965,755$5,894,879$3,060,339$21,686,476
86$37,291,649$6,045,115$3,024,248$23,619,577
87$40,952,419$6,198,347$2,982,581$25,743,866
88$44,982,083$6,354,584$2,935,015$28,078,758
89$49,418,127$6,513,830$2,881,210$30,645,645
90$54,301,856$6,676,087$2,820,810$33,468,108
91$59,678,782$6,841,352$2,753,444$36,572,128
92$65,599,056$7,009,616$2,678,723$39,986,344
93$72,117,938$7,180,866$2,596,238$43,742,312
94$79,296,322$7,355,083$2,505,566$47,874,813
95$87,201,304$7,532,240$2,406,261$52,422,175
96$95,906,823$7,712,305$2,297,856$57,426,641
97$105,494,351$7,895,240$2,179,866$62,934,761
98$116,053,665$8,080,997$2,051,782$68,997,841
99$127,683,694$8,269,521$1,913,072$75,672,419
100$140,493,452$8,460,748$1,763,181$83,020,807