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%17.4%
1 years$222,138$220,159$218,229$216,344$214,504$208,055
2 years$109,969$107,921$105,936$104,012$102,145$95,701
3 years$72,585$70,528$68,548$66,641$64,805$58,569
4 years$53,896$51,845$49,885$48,011$46,219$40,240
5 years$42,686$40,647$38,713$36,877$35,135$29,428
6 years$35,215$33,192$31,286$29,491$27,801$22,371
7 years$29,880$27,874$25,999$24,246$22,610$17,457
8 years$25,881$23,893$22,049$20,340$18,757$13,877
9 years$22,773$20,803$18,991$17,325$15,796$11,185
10 years$20,287$18,337$16,557$14,934$13,459$9,110
11 years$18,255$16,325$14,576$12,997$11,575$7,481
12 years$16,562$14,652$12,936$11,400$10,031$6,183
13 years$15,132$13,241$11,557$10,065$8,747$5,136
14 years$13,906$12,036$10,384$8,934$7,668$4,285
15 years$12,845$10,995$9,376$7,968$6,751$3,587
16 years$11,918$10,088$8,500$7,134$5,967$3,011
17 years$11,100$9,290$7,735$6,410$5,291$2,534
18 years$10,374$8,585$7,061$5,777$4,704$2,136
19 years$9,726$7,956$6,464$5,220$4,193$1,804
20 years$9,142$7,393$5,932$4,728$3,745$1,525
21 years$8,616$6,887$5,457$4,291$3,352$1,291
22 years$8,137$6,428$5,029$3,901$3,004$1,094
23 years$7,701$6,012$4,644$3,553$2,697$928
24 years$7,302$5,633$4,295$3,240$2,424$787
25 years$6,935$5,286$3,978$2,959$2,181$668
26 years$6,597$4,968$3,689$2,706$1,965$568
27 years$6,285$4,676$3,426$2,477$1,771$482
28 years$5,995$4,406$3,185$2,269$1,598$410
29 years$5,726$4,157$2,963$2,081$1,443$349
30 years$5,476$3,925$2,760$1,910$1,304$297
31 years$5,242$3,711$2,573$1,754$1,179$252
32 years$5,023$3,511$2,401$1,612$1,066$215
33 years$4,817$3,325$2,242$1,482$965$183
34 years$4,625$3,152$2,095$1,364$874$156
35 years$4,443$2,989$1,958$1,256$791$132
36 years$4,272$2,837$1,832$1,156$717$113
37 years$4,111$2,695$1,715$1,065$650$96
38 years$3,959$2,561$1,606$982$589$82
39 years$3,814$2,435$1,504$905$534$70
40 years$3,678$2,317$1,410$835$485$59
41 years$3,548$2,205$1,322$771$440$50
42 years$3,425$2,100$1,240$711$399$43
43 years$3,308$2,001$1,164$656$362$37
44 years$3,196$1,908$1,092$606$329$31
45 years$3,090$1,819$1,026$560$298$27
46 years$2,989$1,735$963$517$271$23
47 years$2,892$1,656$905$478$246$19
48 years$2,799$1,581$851$441$223$16
49 years$2,711$1,510$799$408$203$14
50 years$2,626$1,442$752$377$184$12

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 $3,237 every year, while hoping to spend $32,768 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: 37/34/29 Blend
56$2,690,000$2,690,000$2,690,000$2,690,000
57$2,967,719$2,825,149$2,783,454$3,051,704
58$3,235,561$2,928,716$2,841,835$3,217,800
59$3,529,626$3,036,260$2,901,073$3,393,883
60$3,852,551$3,147,941$2,961,163$3,583,467
61$4,207,247$3,263,926$3,022,098$3,787,796
62$4,596,916$3,384,388$3,083,868$4,008,235
63$5,025,089$3,509,510$3,146,464$4,246,284
64$5,495,652$3,639,481$3,209,875$4,503,595
65$6,012,890$3,774,497$3,274,088$4,781,978
66$6,581,522$3,914,764$3,339,087$5,083,429
67$7,206,747$4,060,497$3,404,856$5,410,137
68$7,894,293$4,211,919$3,471,376$5,764,513
69$8,650,471$4,369,263$3,538,627$6,149,208
70$9,482,234$4,532,772$3,606,586$6,567,136
71$10,397,244$4,702,700$3,675,229$7,021,504
72$11,403,941$4,879,310$3,744,527$7,515,839
73$12,511,626$5,062,879$3,814,452$8,054,025
74$13,730,546$5,253,695$3,884,970$8,640,331
75$15,071,991$5,452,056$3,956,047$9,279,458
76$16,548,404$5,658,276$4,027,644$9,976,579
77$18,173,491$5,872,682$4,099,720$10,737,387
78$19,962,358$6,095,614$4,172,231$11,568,150
79$21,931,647$6,327,427$4,245,129$12,475,766
80$24,099,697$6,568,493$4,318,363$13,467,830
81$26,486,715$6,819,198$4,391,877$14,552,702
82$29,114,967$7,079,947$4,465,613$15,739,587
83$32,008,990$7,351,160$4,539,507$17,038,622
84$35,195,818$7,633,278$4,613,492$18,460,967
85$38,705,243$7,926,760$4,687,495$20,018,911
86$42,570,092$8,232,086$4,761,440$21,725,987
87$46,826,539$8,549,755$4,835,245$23,597,099
88$51,514,443$8,880,290$4,908,823$25,648,659
89$56,677,729$9,224,237$4,982,082$27,898,745
90$62,364,797$9,582,165$5,054,922$30,367,264
91$68,628,984$9,954,668$5,127,239$33,076,145
92$75,529,062$10,342,368$5,198,923$36,049,540
93$83,129,795$10,745,913$5,269,855$39,314,053
94$91,502,550$11,165,979$5,339,912$42,898,987
95$100,725,973$11,603,275$5,408,962$46,836,622
96$110,886,725$12,058,538$5,476,865$51,162,514
97$122,080,305$12,532,541$5,543,474$55,915,835
98$134,411,949$13,026,088$5,608,633$61,139,733
99$147,997,623$13,540,022$5,672,177$66,881,744
100$162,965,119$14,075,221$5,733,934$73,194,236