Can I retire at age 57 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$222,138$220,159$218,229$216,344$214,504$211,038
2 years$109,969$107,921$105,936$104,012$102,145$98,662
3 years$72,585$70,528$68,548$66,641$64,805$61,414
4 years$53,896$51,845$49,885$48,011$46,219$42,946
5 years$42,686$40,647$38,713$36,877$35,135$31,990
6 years$35,215$33,192$31,286$29,491$27,801$24,787
7 years$29,880$27,874$25,999$24,246$22,610$19,728
8 years$25,881$23,893$22,049$20,340$18,757$16,007
9 years$22,773$20,803$18,991$17,325$15,796$13,176
10 years$20,287$18,337$16,557$14,934$13,459$10,967
11 years$18,255$16,325$14,576$12,997$11,575$9,208
12 years$16,562$14,652$12,936$11,400$10,031$7,786
13 years$15,132$13,241$11,557$10,065$8,747$6,622
14 years$13,906$12,036$10,384$8,934$7,668$5,658
15 years$12,845$10,995$9,376$7,968$6,751$4,853
16 years$11,918$10,088$8,500$7,134$5,967$4,176
17 years$11,100$9,290$7,735$6,410$5,291$3,604
18 years$10,374$8,585$7,061$5,777$4,704$3,118
19 years$9,726$7,956$6,464$5,220$4,193$2,702
20 years$9,142$7,393$5,932$4,728$3,745$2,346
21 years$8,616$6,887$5,457$4,291$3,352$2,040
22 years$8,137$6,428$5,029$3,901$3,004$1,776
23 years$7,701$6,012$4,644$3,553$2,697$1,548
24 years$7,302$5,633$4,295$3,240$2,424$1,350
25 years$6,935$5,286$3,978$2,959$2,181$1,179
26 years$6,597$4,968$3,689$2,706$1,965$1,030
27 years$6,285$4,676$3,426$2,477$1,771$900
28 years$5,995$4,406$3,185$2,269$1,598$787
29 years$5,726$4,157$2,963$2,081$1,443$689
30 years$5,476$3,925$2,760$1,910$1,304$603
31 years$5,242$3,711$2,573$1,754$1,179$528
32 years$5,023$3,511$2,401$1,612$1,066$463
33 years$4,817$3,325$2,242$1,482$965$406
34 years$4,625$3,152$2,095$1,364$874$355
35 years$4,443$2,989$1,958$1,256$791$312
36 years$4,272$2,837$1,832$1,156$717$273
37 years$4,111$2,695$1,715$1,065$650$240
38 years$3,959$2,561$1,606$982$589$210
39 years$3,814$2,435$1,504$905$534$184
40 years$3,678$2,317$1,410$835$485$162
41 years$3,548$2,205$1,322$771$440$142
42 years$3,425$2,100$1,240$711$399$125
43 years$3,308$2,001$1,164$656$362$109
44 years$3,196$1,908$1,092$606$329$96
45 years$3,090$1,819$1,026$560$298$84
46 years$2,989$1,735$963$517$271$74
47 years$2,892$1,656$905$478$246$65
48 years$2,799$1,581$851$441$223$57
49 years$2,711$1,510$799$408$203$50
50 years$2,626$1,442$752$377$184$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,690,000, adding $6,542 every year, while hoping to spend $34,995 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: 57/38/5 Blend
56$2,690,000$2,690,000$2,690,000$2,690,000
57$2,971,128$2,828,558$2,786,863$3,137,286
58$3,236,949$2,929,923$2,842,989$3,351,015
59$3,528,710$3,035,082$2,899,821$3,579,229
60$3,849,022$3,144,184$2,957,348$3,826,987
61$4,200,757$3,257,384$3,015,554$4,096,156
62$4,587,082$3,374,843$3,074,423$4,388,786
63$5,011,484$3,496,730$3,133,936$4,707,137
64$5,477,805$3,623,221$3,194,073$5,053,688
65$5,990,279$3,754,496$3,254,812$5,431,172
66$6,553,568$3,890,746$3,316,129$5,842,591
67$7,172,809$4,032,170$3,377,996$6,291,250
68$7,853,662$4,178,973$3,440,386$6,780,786
69$8,602,362$4,331,370$3,503,266$7,315,198
70$9,425,781$4,489,584$3,566,602$7,898,889
71$10,331,486$4,653,850$3,630,359$8,536,707
72$11,327,818$4,824,409$3,694,497$9,233,983
73$12,423,965$5,001,514$3,758,972$9,996,589
74$13,630,052$5,185,431$3,823,740$10,830,986
75$14,957,233$5,376,433$3,888,751$11,744,289
76$16,417,799$5,574,806$3,953,953$12,744,330
77$18,025,293$5,780,851$4,019,289$13,839,732
78$19,794,638$5,994,877$4,084,699$15,039,989
79$21,742,274$6,217,209$4,150,120$16,355,555
80$23,886,320$6,448,186$4,215,483$17,797,942
81$26,246,738$6,688,161$4,280,715$19,379,827
82$28,845,526$6,937,501$4,345,739$21,115,169
83$31,706,920$7,196,589$4,410,472$23,019,342
84$34,857,630$7,465,826$4,474,827$25,109,277
85$38,327,085$7,745,629$4,538,711$27,403,623
86$42,147,716$8,036,432$4,602,026$29,922,918
87$46,355,255$8,338,690$4,664,666$32,689,784
88$50,989,080$8,652,875$4,726,521$35,729,138
89$56,092,582$8,979,481$4,787,475$39,068,426
90$61,713,573$9,319,023$4,847,403$42,737,881
91$67,904,741$9,672,039$4,906,175$46,770,806
92$74,724,144$10,039,088$4,963,651$51,203,885
93$82,235,759$10,420,756$5,019,686$56,077,531
94$90,510,087$10,817,653$5,074,126$61,436,264
95$99,624,813$11,230,416$5,126,807$67,329,127
96$109,665,547$11,659,709$5,177,558$73,810,151
97$120,726,624$12,106,227$5,226,197$80,938,859
98$132,912,000$12,570,692$5,272,535$88,780,829
99$146,336,229$13,053,860$5,316,369$97,408,308
100$161,125,545$13,556,521$5,357,489$106,900,893