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

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$220,486$218,522$216,606$214,736$212,910$212,012
2 years$109,152$107,119$105,149$103,238$101,385$100,480
3 years$72,045$70,003$68,038$66,146$64,323$63,437
4 years$53,495$51,460$49,514$47,654$45,876$45,016
5 years$42,368$40,345$38,425$36,603$34,874$34,043
6 years$34,953$32,945$31,053$29,272$27,595$26,793
7 years$29,658$27,667$25,805$24,066$22,442$21,671
8 years$25,689$23,716$21,885$20,188$18,618$17,877
9 years$22,603$20,649$18,850$17,196$15,679$14,968
10 years$20,136$18,201$16,433$14,823$13,359$12,679
11 years$18,119$16,203$14,468$12,901$11,489$10,838
12 years$16,439$14,543$12,840$11,316$9,956$9,334
13 years$15,019$13,143$11,471$9,990$8,682$8,088
14 years$13,803$11,946$10,307$8,868$7,611$7,045
15 years$12,750$10,913$9,306$7,909$6,701$6,162
16 years$11,829$10,013$8,437$7,081$5,922$5,410
17 years$11,018$9,221$7,678$6,362$5,251$4,764
18 years$10,297$8,521$7,009$5,734$4,669$4,207
19 years$9,653$7,897$6,416$5,181$4,162$3,723
20 years$9,074$7,338$5,888$4,692$3,717$3,302
21 years$8,552$6,835$5,416$4,259$3,327$2,934
22 years$8,077$6,381$4,992$3,872$2,982$2,611
23 years$7,644$5,968$4,609$3,526$2,677$2,326
24 years$7,248$5,591$4,263$3,216$2,406$2,075
25 years$6,884$5,247$3,948$2,937$2,165$1,853
26 years$6,548$4,931$3,662$2,686$1,950$1,656
27 years$6,238$4,641$3,400$2,458$1,758$1,482
28 years$5,951$4,373$3,161$2,252$1,586$1,327
29 years$5,684$4,126$2,941$2,065$1,432$1,188
30 years$5,435$3,896$2,740$1,896$1,294$1,065
31 years$5,203$3,683$2,554$1,741$1,170$955
32 years$4,985$3,485$2,383$1,600$1,059$857
33 years$4,782$3,300$2,225$1,471$958$769
34 years$4,590$3,128$2,079$1,354$867$691
35 years$4,410$2,967$1,944$1,246$786$621
36 years$4,241$2,816$1,818$1,148$712$558
37 years$4,080$2,675$1,702$1,057$645$501
38 years$3,929$2,542$1,594$975$585$451
39 years$3,786$2,417$1,493$899$530$405
40 years$3,650$2,300$1,400$829$481$364
41 years$3,522$2,189$1,312$765$436$328
42 years$3,399$2,085$1,231$706$396$295
43 years$3,283$1,986$1,155$652$359$265
44 years$3,172$1,893$1,084$602$326$239
45 years$3,067$1,806$1,018$556$296$215
46 years$2,966$1,722$956$513$269$193
47 years$2,870$1,644$898$474$244$174
48 years$2,779$1,569$844$438$222$157
49 years$2,691$1,498$794$405$201$141
50 years$2,607$1,431$746$374$183$127

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 $4,936 every year, while hoping to spend $36,806 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: 54/27/19 Blend
56$2,670,000$2,670,000$2,670,000$2,670,000
57$2,947,431$2,805,921$2,764,536$3,091,157
58$3,208,908$2,904,250$2,817,987$3,288,406
59$3,495,822$3,006,164$2,871,995$3,498,705
60$3,810,728$3,111,798$2,926,539$3,726,824
61$4,156,443$3,221,297$2,981,599$3,974,475
62$4,536,066$3,334,807$3,037,148$4,243,540
63$4,953,015$3,452,482$3,093,163$4,536,090
64$5,411,052$3,574,483$3,149,613$4,854,406
65$5,914,322$3,700,976$3,206,468$5,200,994
66$6,467,394$3,832,134$3,263,696$5,578,616
67$7,075,298$3,968,139$3,321,259$5,990,309
68$7,743,577$4,109,176$3,379,121$6,439,419
69$8,478,339$4,255,443$3,437,238$6,929,626
70$9,286,312$4,407,141$3,495,567$7,464,983
71$10,174,907$4,564,483$3,554,061$8,049,952
72$11,152,294$4,727,689$3,612,667$8,689,446
73$12,227,469$4,896,987$3,671,333$9,388,874
74$13,410,348$5,072,617$3,730,000$10,154,192
75$14,711,855$5,254,826$3,788,606$10,991,959
76$16,144,025$5,443,874$3,847,086$11,909,398
77$17,720,121$5,640,029$3,905,368$12,914,464
78$19,454,755$5,843,571$3,963,380$14,015,917
79$21,364,027$6,054,794$4,021,041$15,223,405
80$23,465,680$6,274,001$4,078,267$16,547,557
81$25,779,260$6,501,508$4,134,970$18,000,076
82$28,326,308$6,737,645$4,191,055$19,593,855
83$31,130,559$6,982,757$4,246,423$21,343,098
84$34,218,164$7,237,200$4,300,966$23,263,447
85$37,617,942$7,501,349$4,354,574$25,372,134
86$41,361,648$7,775,590$4,407,128$27,688,145
87$45,484,272$8,060,330$4,458,502$30,232,390
88$50,024,371$8,355,990$4,508,566$33,027,909
89$55,024,433$8,663,009$4,557,178$36,100,082
90$60,531,274$8,981,846$4,604,193$39,476,871
91$66,596,485$9,312,977$4,649,455$43,189,079
92$73,276,915$9,656,902$4,692,800$47,270,647
93$80,635,208$10,014,137$4,734,056$51,758,965
94$88,740,394$10,385,225$4,773,042$56,695,231
95$97,668,542$10,770,728$4,809,566$62,124,833
96$107,503,474$11,171,235$4,843,428$68,097,779
97$118,337,561$11,587,358$4,874,415$74,669,170
98$130,272,590$12,019,736$4,902,306$81,899,715
99$143,420,727$12,469,036$4,926,865$89,856,305
100$157,905,574$12,935,952$4,947,848$98,612,641