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%15%
1 years$222,138$220,159$218,229$216,344$214,504$210,088
2 years$109,969$107,921$105,936$104,012$102,145$97,715
3 years$72,585$70,528$68,548$66,641$64,805$60,500
4 years$53,896$51,845$49,885$48,011$46,219$42,073
5 years$42,686$40,647$38,713$36,877$35,135$31,159
6 years$35,215$33,192$31,286$29,491$27,801$24,000
7 years$29,880$27,874$25,999$24,246$22,610$18,984
8 years$25,881$23,893$22,049$20,340$18,757$15,305
9 years$22,773$20,803$18,991$17,325$15,796$12,516
10 years$20,287$18,337$16,557$14,934$13,459$10,347
11 years$18,255$16,325$14,576$12,997$11,575$8,628
12 years$16,562$14,652$12,936$11,400$10,031$7,244
13 years$15,132$13,241$11,557$10,065$8,747$6,116
14 years$13,906$12,036$10,384$8,934$7,668$5,187
15 years$12,845$10,995$9,376$7,968$6,751$4,415
16 years$11,918$10,088$8,500$7,134$5,967$3,771
17 years$11,100$9,290$7,735$6,410$5,291$3,228
18 years$10,374$8,585$7,061$5,777$4,704$2,770
19 years$9,726$7,956$6,464$5,220$4,193$2,382
20 years$9,142$7,393$5,932$4,728$3,745$2,051
21 years$8,616$6,887$5,457$4,291$3,352$1,768
22 years$8,137$6,428$5,029$3,901$3,004$1,526
23 years$7,701$6,012$4,644$3,553$2,697$1,319
24 years$7,302$5,633$4,295$3,240$2,424$1,141
25 years$6,935$5,286$3,978$2,959$2,181$987
26 years$6,597$4,968$3,689$2,706$1,965$855
27 years$6,285$4,676$3,426$2,477$1,771$741
28 years$5,995$4,406$3,185$2,269$1,598$642
29 years$5,726$4,157$2,963$2,081$1,443$557
30 years$5,476$3,925$2,760$1,910$1,304$483
31 years$5,242$3,711$2,573$1,754$1,179$419
32 years$5,023$3,511$2,401$1,612$1,066$364
33 years$4,817$3,325$2,242$1,482$965$316
34 years$4,625$3,152$2,095$1,364$874$274
35 years$4,443$2,989$1,958$1,256$791$238
36 years$4,272$2,837$1,832$1,156$717$207
37 years$4,111$2,695$1,715$1,065$650$180
38 years$3,959$2,561$1,606$982$589$156
39 years$3,814$2,435$1,504$905$534$136
40 years$3,678$2,317$1,410$835$485$118
41 years$3,548$2,205$1,322$771$440$103
42 years$3,425$2,100$1,240$711$399$89
43 years$3,308$2,001$1,164$656$362$78
44 years$3,196$1,908$1,092$606$329$67
45 years$3,090$1,819$1,026$560$298$59
46 years$2,989$1,735$963$517$271$51
47 years$2,892$1,656$905$478$246$44
48 years$2,799$1,581$851$441$223$39
49 years$2,711$1,510$799$408$203$33
50 years$2,626$1,442$752$377$184$29

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 $5,178 every year, while hoping to spend $43,637 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: 68/23/9 Blend
56$2,690,000$2,690,000$2,690,000$2,690,000
57$2,969,721$2,827,151$2,785,456$3,166,139
58$3,226,203$2,919,252$2,832,339$3,389,249
59$3,507,384$3,014,403$2,879,331$3,627,405
60$3,815,737$3,112,709$2,926,388$3,886,694
61$4,153,985$3,214,275$2,973,465$4,169,177
62$4,525,130$3,319,212$3,020,515$4,477,127
63$4,932,475$3,427,636$3,067,484$4,813,043
64$5,379,663$3,539,665$3,114,320$5,179,675
65$5,870,701$3,655,422$3,160,962$5,580,054
66$6,410,009$3,775,033$3,207,350$6,017,515
67$7,002,451$3,898,631$3,253,418$6,495,730
68$7,653,389$4,026,352$3,299,096$7,018,743
69$8,368,728$4,158,337$3,344,309$7,591,006
70$9,154,975$4,294,732$3,388,980$8,217,423
71$10,019,297$4,435,689$3,433,026$8,903,394
72$10,969,592$4,581,364$3,476,358$9,654,867
73$12,014,558$4,731,918$3,518,884$10,478,392
74$13,163,782$4,887,522$3,560,506$11,381,183
75$14,427,825$5,048,347$3,601,120$12,371,188
76$15,818,322$5,214,576$3,640,616$13,457,158
77$17,348,094$5,386,393$3,678,880$14,648,735
78$19,031,267$5,563,993$3,715,789$15,956,540
79$20,883,403$5,747,576$3,751,216$17,392,273
80$22,921,653$5,937,349$3,785,023$18,968,821
81$25,164,910$6,133,528$3,817,070$20,700,383
82$27,633,994$6,336,335$3,847,206$22,602,600
83$30,351,847$6,546,000$3,875,273$24,692,705
84$33,343,745$6,762,764$3,901,104$26,989,680
85$36,637,541$6,986,873$3,924,525$29,514,442
86$40,263,925$7,218,585$3,945,351$32,290,035
87$44,256,715$7,458,165$3,963,390$35,341,845
88$48,653,174$7,705,890$3,978,438$38,697,844
89$53,494,364$7,962,045$3,990,282$42,388,853
90$58,825,531$8,226,926$3,998,698$46,448,826
91$64,696,530$8,500,841$4,003,450$50,915,178
92$71,162,302$8,784,107$4,004,291$55,829,131
93$78,283,384$9,077,056$4,000,962$61,236,106
94$86,126,486$9,380,029$3,993,191$67,186,151
95$94,765,118$9,693,380$3,980,693$73,734,409
96$104,280,282$10,017,478$3,963,169$80,941,644
97$114,761,241$10,352,705$3,940,305$88,874,806
98$126,306,355$10,699,455$3,911,772$97,607,669
99$139,024,014$11,058,139$3,877,228$107,221,524
100$153,033,658$11,429,183$3,836,310$117,805,943