Can I retire at age 57 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$220,486$218,522$216,606$214,736$212,910$211,126
2 years$109,152$107,119$105,149$103,238$101,385$99,588
3 years$72,045$70,003$68,038$66,146$64,323$62,567
4 years$53,495$51,460$49,514$47,654$45,876$44,175
5 years$42,368$40,345$38,425$36,603$34,874$33,233
6 years$34,953$32,945$31,053$29,272$27,595$26,016
7 years$29,658$27,667$25,805$24,066$22,442$20,926
8 years$25,689$23,716$21,885$20,188$18,618$17,165
9 years$22,603$20,649$18,850$17,196$15,679$14,289
10 years$20,136$18,201$16,433$14,823$13,359$12,031
11 years$18,119$16,203$14,468$12,901$11,489$10,222
12 years$16,439$14,543$12,840$11,316$9,956$8,748
13 years$15,019$13,143$11,471$9,990$8,682$7,532
14 years$13,803$11,946$10,307$8,868$7,611$6,518
15 years$12,750$10,913$9,306$7,909$6,701$5,663
16 years$11,829$10,013$8,437$7,081$5,922$4,938
17 years$11,018$9,221$7,678$6,362$5,251$4,319
18 years$10,297$8,521$7,009$5,734$4,669$3,787
19 years$9,653$7,897$6,416$5,181$4,162$3,328
20 years$9,074$7,338$5,888$4,692$3,717$2,930
21 years$8,552$6,835$5,416$4,259$3,327$2,584
22 years$8,077$6,381$4,992$3,872$2,982$2,282
23 years$7,644$5,968$4,609$3,526$2,677$2,018
24 years$7,248$5,591$4,263$3,216$2,406$1,787
25 years$6,884$5,247$3,948$2,937$2,165$1,583
26 years$6,548$4,931$3,662$2,686$1,950$1,404
27 years$6,238$4,641$3,400$2,458$1,758$1,247
28 years$5,951$4,373$3,161$2,252$1,586$1,107
29 years$5,684$4,126$2,941$2,065$1,432$984
30 years$5,435$3,896$2,740$1,896$1,294$875
31 years$5,203$3,683$2,554$1,741$1,170$778
32 years$4,985$3,485$2,383$1,600$1,059$693
33 years$4,782$3,300$2,225$1,471$958$617
34 years$4,590$3,128$2,079$1,354$867$549
35 years$4,410$2,967$1,944$1,246$786$489
36 years$4,241$2,816$1,818$1,148$712$436
37 years$4,080$2,675$1,702$1,057$645$388
38 years$3,929$2,542$1,594$975$585$346
39 years$3,786$2,417$1,493$899$530$309
40 years$3,650$2,300$1,400$829$481$275
41 years$3,522$2,189$1,312$765$436$245
42 years$3,399$2,085$1,231$706$396$219
43 years$3,283$1,986$1,155$652$359$195
44 years$3,172$1,893$1,084$602$326$174
45 years$3,067$1,806$1,018$556$296$155
46 years$2,966$1,722$956$513$269$139
47 years$2,870$1,644$898$474$244$124
48 years$2,779$1,569$844$438$222$110
49 years$2,691$1,498$794$405$201$99
50 years$2,607$1,431$746$374$183$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,670,000, adding $3,993 every year, while hoping to spend $25,405 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: 59/16/25 Blend
56$2,670,000$2,670,000$2,670,000$2,670,000
57$2,946,459$2,804,949$2,763,564$3,100,232
58$3,219,967$2,915,361$2,829,112$3,315,909
59$3,520,521$3,030,331$2,896,006$3,547,969
60$3,850,854$3,150,057$2,964,261$3,800,542
61$4,213,975$3,274,743$3,033,898$4,075,625
62$4,613,199$3,404,605$3,104,932$4,375,413
63$5,052,181$3,539,865$3,177,383$4,702,325
64$5,534,944$3,680,760$3,251,266$5,059,022
65$6,065,923$3,827,532$3,326,598$5,448,431
66$6,650,005$3,980,438$3,403,397$5,873,776
67$7,292,571$4,139,746$3,481,677$6,338,607
68$7,999,554$4,305,734$3,561,453$6,846,831
69$8,777,488$4,478,694$3,642,741$7,402,749
70$9,633,574$4,658,932$3,725,555$8,011,098
71$10,575,744$4,846,766$3,809,907$8,677,094
72$11,612,742$5,042,530$3,895,811$9,406,479
73$12,754,200$5,246,571$3,983,279$10,205,578
74$14,010,730$5,459,255$4,072,320$11,081,355
75$15,394,028$5,680,962$4,162,946$12,041,481
76$16,916,979$5,912,090$4,255,165$13,094,404
77$18,593,784$6,153,055$4,348,986$14,249,427
78$20,440,087$6,404,292$4,444,415$15,516,798
79$22,473,131$6,666,257$4,541,457$16,907,804
80$24,711,911$6,939,425$4,640,117$18,434,879
81$27,177,363$7,224,293$4,740,398$20,111,718
82$29,892,553$7,521,383$4,842,300$21,953,405
83$32,882,900$7,831,237$4,945,824$23,976,560
84$36,176,414$8,154,426$5,050,967$26,199,488
85$39,803,959$8,491,543$5,157,725$28,642,357
86$43,799,546$8,843,213$5,266,093$31,327,382
87$48,200,655$9,210,085$5,376,061$34,279,038
88$53,048,583$9,592,840$5,487,621$37,524,290
89$58,388,841$9,992,192$5,600,759$41,092,843
90$64,271,578$10,408,885$5,715,460$45,017,425
91$70,752,058$10,843,699$5,831,706$49,334,093
92$77,891,176$11,297,449$5,949,477$54,082,573
93$85,756,041$11,770,989$6,068,750$59,306,633
94$94,420,601$12,265,211$6,189,496$65,054,497
95$103,966,346$12,781,049$6,311,688$71,379,298
96$114,483,074$13,319,482$6,435,290$78,339,575
97$126,069,741$13,881,530$6,560,266$85,999,831
98$138,835,394$14,468,265$6,686,575$94,431,134
99$152,900,200$15,080,805$6,814,171$103,711,791
100$168,396,580$15,720,324$6,943,005$113,928,083