Can I retire at age 57 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$221,312$219,341$217,417$215,540$213,707$209,392
2 years$109,560$107,520$105,542$103,625$101,765$97,437
3 years$72,315$70,265$68,293$66,394$64,564$60,357
4 years$53,696$51,653$49,700$47,833$46,048$41,995
5 years$42,527$40,496$38,569$36,740$35,005$31,118
6 years$35,084$33,068$31,170$29,381$27,698$23,981
7 years$29,769$27,771$25,902$24,156$22,526$18,979
8 years$25,785$23,805$21,967$20,264$18,687$15,310
9 years$22,688$20,726$18,920$17,260$15,737$12,528
10 years$20,212$18,269$16,495$14,879$13,409$10,363
11 years$18,187$16,264$14,522$12,949$11,532$8,647
12 years$16,501$14,598$12,888$11,358$9,994$7,265
13 years$15,075$13,192$11,514$10,027$8,715$6,137
14 years$13,855$11,991$10,346$8,901$7,639$5,209
15 years$12,797$10,954$9,341$7,938$6,726$4,437
16 years$11,873$10,050$8,469$7,108$5,945$3,792
17 years$11,059$9,256$7,706$6,386$5,271$3,249
18 years$10,336$8,553$7,035$5,755$4,687$2,790
19 years$9,689$7,927$6,440$5,200$4,177$2,400
20 years$9,108$7,366$5,910$4,710$3,731$2,068
21 years$8,584$6,861$5,436$4,275$3,339$1,785
22 years$8,107$6,404$5,011$3,887$2,993$1,542
23 years$7,672$5,990$4,626$3,540$2,687$1,333
24 years$7,275$5,612$4,279$3,228$2,415$1,154
25 years$6,909$5,267$3,963$2,948$2,173$1,000
26 years$6,573$4,950$3,675$2,696$1,957$866
27 years$6,262$4,658$3,413$2,468$1,765$751
28 years$5,973$4,390$3,173$2,261$1,592$652
29 years$5,705$4,141$2,952$2,073$1,438$566
30 years$5,455$3,911$2,750$1,903$1,299$491
31 years$5,222$3,697$2,564$1,747$1,175$427
32 years$5,004$3,498$2,392$1,606$1,062$371
33 years$4,799$3,313$2,234$1,477$962$322
34 years$4,607$3,140$2,087$1,359$871$280
35 years$4,427$2,978$1,951$1,251$789$243
36 years$4,256$2,827$1,825$1,152$714$212
37 years$4,096$2,685$1,708$1,061$648$184
38 years$3,944$2,551$1,600$978$587$160
39 years$3,800$2,426$1,499$902$532$139
40 years$3,664$2,308$1,405$832$483$121
41 years$3,535$2,197$1,317$768$438$105
42 years$3,412$2,093$1,236$708$397$92
43 years$3,295$1,994$1,160$654$361$80
44 years$3,184$1,900$1,088$604$327$69
45 years$3,078$1,812$1,022$558$297$60
46 years$2,977$1,729$960$515$270$52
47 years$2,881$1,650$902$476$245$46
48 years$2,789$1,575$847$440$223$40
49 years$2,701$1,504$797$406$202$35
50 years$2,617$1,437$749$376$184$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,680,000, adding $4,368 every year, while hoping to spend $26,533 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: 51/38/11 Blend
56$2,680,000$2,680,000$2,680,000$2,680,000
57$2,957,866$2,815,826$2,774,286$3,099,884
58$3,231,337$2,925,570$2,838,993$3,307,116
59$3,531,813$3,039,803$2,904,979$3,529,093
60$3,862,021$3,158,716$2,972,259$3,769,794
61$4,224,963$3,282,509$3,040,846$4,030,989
62$4,623,950$3,411,393$3,110,754$4,314,623
63$5,062,626$3,545,584$3,181,998$4,622,834
64$5,545,009$3,685,313$3,254,590$4,957,971
65$6,075,524$3,830,818$3,328,543$5,322,619
66$6,659,047$3,982,347$3,403,869$5,719,619
67$7,300,949$4,140,161$3,480,578$6,152,094
68$8,007,150$4,304,533$3,558,681$6,623,481
69$8,784,170$4,475,746$3,638,188$7,137,560
70$9,639,196$4,654,098$3,719,108$7,698,489
71$10,580,144$4,839,899$3,801,448$8,310,841
72$11,615,738$5,033,474$3,885,216$8,979,651
73$12,755,590$5,235,161$3,970,417$9,710,455
74$14,010,291$5,445,314$4,057,057$10,509,348
75$15,391,510$5,664,304$4,145,138$11,383,037
76$16,912,108$5,892,518$4,234,663$12,338,903
77$18,586,252$6,130,361$4,325,633$13,385,072
78$20,429,555$6,378,254$4,418,048$14,530,486
79$22,459,223$6,636,641$4,511,905$15,784,991
80$24,694,210$6,905,984$4,607,201$17,159,424
81$27,155,407$7,186,764$4,703,929$18,665,718
82$29,865,831$7,479,488$4,802,084$20,317,010
83$32,850,847$7,784,684$4,901,654$22,127,764
84$36,138,403$8,102,903$5,002,629$24,113,908
85$39,759,298$8,434,723$5,104,996$26,292,979
86$43,747,470$8,780,748$5,208,736$28,684,290
87$48,140,316$9,141,609$5,313,833$31,309,110
88$52,979,046$9,517,967$5,420,265$34,190,859
89$58,309,073$9,910,510$5,528,007$37,355,332
90$64,180,436$10,319,963$5,637,033$40,830,939
91$70,648,279$10,747,080$5,747,313$44,648,969
92$77,773,367$11,192,651$5,858,811$48,843,884
93$85,622,662$11,657,502$5,971,493$53,453,644
94$94,269,952$12,142,497$6,085,316$58,520,058
95$103,796,549$12,648,542$6,200,236$64,089,182
96$114,292,057$13,176,581$6,316,205$70,211,747
97$125,855,218$13,727,605$6,433,169$76,943,636
98$138,594,840$14,302,647$6,551,070$84,346,407
99$152,630,829$14,902,792$6,669,846$92,487,875
100$168,095,318$15,529,173$6,789,430$101,442,745