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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$219,660$217,704$215,795$213,932$212,112$207,068
2 years$108,743$106,717$104,755$102,852$101,006$95,954
3 years$71,775$69,741$67,783$65,898$64,082$59,180
4 years$53,295$51,267$49,329$47,476$45,704$40,989
5 years$42,210$40,194$38,281$36,466$34,743$30,229
6 years$34,822$32,821$30,937$29,162$27,491$23,182
7 years$29,547$27,563$25,709$23,976$22,358$18,254
8 years$25,593$23,627$21,803$20,113$18,548$14,648
9 years$22,519$20,571$18,779$17,132$15,620$11,921
10 years$20,061$18,133$16,372$14,768$13,309$9,807
11 years$18,051$16,143$14,414$12,852$11,446$8,136
12 years$16,378$14,489$12,792$11,273$9,919$6,796
13 years$14,963$13,094$11,429$9,952$8,650$5,707
14 years$13,751$11,902$10,269$8,835$7,582$4,814
15 years$12,702$10,872$9,271$7,879$6,676$4,075
16 years$11,785$9,975$8,406$7,055$5,900$3,460
17 years$10,976$9,187$7,649$6,339$5,232$2,946
18 years$10,259$8,489$6,982$5,712$4,652$2,513
19 years$9,617$7,868$6,392$5,162$4,146$2,147
20 years$9,040$7,311$5,866$4,675$3,703$1,838
21 years$8,519$6,810$5,396$4,243$3,314$1,575
22 years$8,046$6,357$4,973$3,858$2,971$1,351
23 years$7,615$5,945$4,592$3,513$2,667$1,160
24 years$7,220$5,570$4,247$3,204$2,397$997
25 years$6,858$5,227$3,933$2,926$2,157$858
26 years$6,524$4,913$3,648$2,676$1,943$738
27 years$6,215$4,624$3,387$2,449$1,752$635
28 years$5,929$4,357$3,149$2,244$1,580$547
29 years$5,662$4,110$2,930$2,058$1,427$471
30 years$5,415$3,882$2,730$1,888$1,289$406
31 years$5,183$3,669$2,545$1,734$1,166$350
32 years$4,967$3,472$2,374$1,594$1,055$302
33 years$4,764$3,288$2,217$1,466$954$261
34 years$4,573$3,116$2,071$1,349$864$225
35 years$4,394$2,956$1,937$1,242$783$194
36 years$4,225$2,806$1,812$1,143$709$167
37 years$4,065$2,665$1,696$1,053$643$144
38 years$3,914$2,532$1,588$971$583$125
39 years$3,772$2,408$1,488$895$528$108
40 years$3,637$2,291$1,394$826$479$93
41 years$3,508$2,181$1,307$762$435$80
42 years$3,387$2,077$1,226$703$395$69
43 years$3,271$1,979$1,151$649$358$60
44 years$3,160$1,886$1,080$599$325$52
45 years$3,055$1,799$1,014$554$295$45
46 years$2,955$1,716$953$511$268$38
47 years$2,860$1,638$895$472$243$33
48 years$2,768$1,563$841$436$221$29
49 years$2,681$1,493$791$403$201$25
50 years$2,597$1,426$743$373$182$21

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 $4,682 every year, while hoping to spend $39,162 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: 54/35/11 Blend
56$2,660,000$2,660,000$2,660,000$2,660,000
57$2,936,149$2,795,169$2,753,939$3,086,205
58$3,193,969$2,890,465$2,804,528$3,283,897
59$3,476,773$2,989,117$2,855,499$3,494,303
60$3,787,069$3,091,249$2,906,824$3,722,389
61$4,127,619$3,196,989$2,958,472$3,969,844
62$4,501,465$3,306,470$3,010,409$4,238,522
63$4,911,957$3,419,830$3,062,600$4,530,463
64$5,362,786$3,537,211$3,115,007$4,847,914
65$5,858,019$3,658,763$3,167,589$5,193,343
66$6,402,135$3,784,641$3,220,301$5,569,467
67$7,000,069$3,915,004$3,273,097$5,979,279
68$7,657,257$4,050,020$3,325,926$6,426,067
69$8,379,688$4,189,862$3,378,736$6,913,453
70$9,173,961$4,334,710$3,431,468$7,445,425
71$10,047,345$4,484,751$3,484,063$8,026,370
72$11,007,850$4,640,180$3,536,455$8,661,119
73$12,064,301$4,801,199$3,588,576$9,354,989
74$13,226,419$4,968,017$3,640,353$10,113,834
75$14,504,918$5,140,854$3,691,709$10,944,103
76$15,911,600$5,319,936$3,742,562$11,852,891
77$17,459,469$5,505,499$3,792,824$12,848,015
78$19,162,856$5,697,789$3,842,404$13,938,081
79$21,037,547$5,897,061$3,891,204$15,132,568
80$23,100,939$6,103,579$3,939,121$16,441,913
81$25,372,200$6,317,619$3,986,047$17,877,612
82$27,872,451$6,539,470$4,031,867$19,452,326
83$30,624,965$6,769,427$4,076,458$21,180,000
84$33,655,385$7,007,803$4,119,693$23,075,994
85$36,991,968$7,254,920$4,161,437$25,157,225
86$40,665,851$7,511,112$4,201,547$27,442,331
87$44,711,341$7,776,731$4,239,873$29,951,837
88$49,166,246$8,052,138$4,276,256$32,708,359
89$54,072,222$8,337,712$4,310,530$35,736,805
90$59,475,175$8,633,846$4,342,519$39,064,617
91$65,425,688$8,940,950$4,372,039$42,722,026
92$71,979,501$9,259,450$4,398,895$46,742,337
93$79,198,036$9,589,788$4,422,883$51,162,239
94$87,148,974$9,932,426$4,443,788$56,022,155
95$95,906,900$10,287,845$4,461,385$61,366,618
96$105,553,999$10,656,545$4,475,437$67,244,693
97$116,180,836$11,039,046$4,485,694$73,710,437
98$127,887,212$11,435,889$4,491,895$80,823,407
99$140,783,100$11,847,640$4,493,766$88,649,223
100$154,989,687$12,274,885$4,491,018$97,260,185