Can I retire at age 57 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$206,448$204,609$202,815$201,063$199,354$192,895
2 years$102,202$100,298$98,454$96,665$94,930$88,484
3 years$67,458$65,546$63,706$61,934$60,228$53,996
4 years$50,089$48,183$46,362$44,620$42,955$36,985
5 years$39,671$37,776$35,979$34,273$32,654$26,962
6 years$32,727$30,847$29,076$27,408$25,838$20,430
7 years$27,770$25,905$24,162$22,534$21,013$15,887
8 years$24,053$22,206$20,492$18,903$17,432$12,585
9 years$21,164$19,334$17,649$16,101$14,680$10,107
10 years$18,854$17,042$15,387$13,879$12,509$8,201
11 years$16,965$15,172$13,547$12,079$10,758$6,708
12 years$15,393$13,617$12,022$10,595$9,322$5,522
13 years$14,063$12,306$10,741$9,354$8,129$4,569
14 years$12,924$11,186$9,651$8,303$7,126$3,796
15 years$11,938$10,218$8,713$7,405$6,274$3,164
16 years$11,076$9,375$7,900$6,630$5,545$2,645
17 years$10,316$8,634$7,189$5,957$4,917$2,215
18 years$9,642$7,978$6,562$5,369$4,372$1,859
19 years$9,039$7,394$6,008$4,851$3,897$1,563
20 years$8,497$6,871$5,513$4,394$3,481$1,316
21 years$8,007$6,400$5,071$3,988$3,115$1,108
22 years$7,562$5,974$4,674$3,626$2,792$935
23 years$7,157$5,588$4,316$3,302$2,506$789
24 years$6,786$5,235$3,991$3,012$2,253$666
25 years$6,445$4,913$3,697$2,750$2,027$563
26 years$6,131$4,617$3,428$2,515$1,826$476
27 years$5,841$4,346$3,184$2,302$1,646$403
28 years$5,572$4,095$2,960$2,109$1,485$341
29 years$5,322$3,863$2,754$1,934$1,341$288
30 years$5,089$3,648$2,565$1,775$1,212$244
31 years$4,871$3,449$2,392$1,630$1,096$206
32 years$4,668$3,263$2,231$1,498$991$175
33 years$4,477$3,090$2,084$1,378$897$148
34 years$4,298$2,929$1,947$1,268$812$125
35 years$4,129$2,778$1,820$1,167$736$106
36 years$3,971$2,637$1,703$1,075$666$90
37 years$3,821$2,504$1,594$990$604$76
38 years$3,679$2,380$1,492$913$548$65
39 years$3,545$2,263$1,398$841$497$55
40 years$3,418$2,153$1,310$776$450$46
41 years$3,297$2,050$1,229$716$409$39
42 years$3,183$1,952$1,153$661$371$33
43 years$3,074$1,860$1,082$610$337$28
44 years$2,970$1,773$1,015$563$305$24
45 years$2,872$1,691$953$520$277$20
46 years$2,777$1,613$895$481$252$17
47 years$2,688$1,539$841$444$229$15
48 years$2,602$1,469$791$410$208$12
49 years$2,519$1,403$743$379$189$10
50 years$2,441$1,340$699$350$171$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,500,000, adding $2,544 every year, while hoping to spend $50,721 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$2,500,000$2,500,000$2,500,000$2,500,000
57$2,757,624$2,625,124$2,586,374$2,890,104
58$2,984,935$2,699,788$2,619,051$3,055,541
59$3,233,732$2,776,411$2,651,122$3,229,685
60$3,506,152$2,855,035$2,682,515$3,417,831
61$3,804,551$2,935,703$2,713,150$3,621,310
62$4,131,520$3,018,458$2,742,946$3,841,587
63$4,489,916$3,103,343$2,771,816$4,080,275
64$4,882,883$3,190,403$2,799,667$4,339,148
65$5,313,886$3,279,681$2,826,404$4,620,160
66$5,786,738$3,371,221$2,851,925$4,925,460
67$6,305,643$3,465,068$2,876,121$5,257,417
68$6,875,228$3,561,267$2,898,882$5,618,637
69$7,500,593$3,659,861$2,920,086$6,011,989
70$8,187,355$3,760,895$2,939,610$6,440,634
71$8,941,699$3,864,413$2,957,321$6,908,052
72$9,770,443$3,970,459$2,973,082$7,418,076
73$10,681,094$4,079,078$2,986,746$7,974,926
74$11,681,925$4,190,312$2,998,161$8,583,252
75$12,782,048$4,304,204$3,007,166$9,248,174
76$13,991,504$4,420,797$3,013,593$9,975,333
77$15,321,353$4,540,132$3,017,265$10,770,943
78$16,783,783$4,662,250$3,017,995$11,641,847
79$18,392,219$4,787,191$3,015,588$12,595,585
80$20,161,456$4,914,993$3,009,840$13,640,465
81$22,107,791$5,045,694$3,000,536$14,785,637
82$24,249,183$5,179,331$2,987,452$16,041,183
83$26,605,419$5,315,937$2,970,350$17,418,210
84$29,198,299$5,455,546$2,948,985$18,928,957
85$32,051,846$5,598,188$2,923,096$20,586,907
86$35,192,527$5,743,892$2,892,413$22,406,917
87$38,649,507$5,892,685$2,856,651$24,405,356
88$42,454,920$6,044,589$2,815,512$26,600,260
89$46,644,174$6,199,627$2,768,684$29,011,503
90$51,256,286$6,357,815$2,715,842$31,660,982
91$56,334,248$6,519,169$2,656,643$34,572,828
92$61,925,431$6,683,698$2,590,730$37,773,627
93$68,082,035$6,851,409$2,517,729$41,292,678
94$74,861,579$7,022,305$2,437,250$45,162,265
95$82,327,445$7,196,382$2,348,883$49,417,962
96$90,549,474$7,373,634$2,252,200$54,098,969
97$99,604,625$7,554,048$2,146,753$59,248,485
98$109,577,704$7,737,603$2,032,076$64,914,110
99$120,562,159$7,924,275$1,907,680$71,148,299
100$132,660,966$8,114,030$1,773,054$78,008,856