Can I retire at age 57 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$209,751$207,882$206,060$204,280$202,543$199,106
2 years$103,837$101,903$100,029$98,212$96,449$92,997
3 years$68,537$66,595$64,725$62,925$61,191$57,831
4 years$50,891$48,954$47,103$45,334$43,642$40,400
5 years$40,305$38,381$36,554$34,821$33,176$30,062
6 years$33,251$31,341$29,541$27,847$26,251$23,268
7 years$28,214$26,320$24,549$22,894$21,349$18,498
8 years$24,438$22,561$20,819$19,205$17,711$14,991
9 years$21,503$19,643$17,932$16,359$14,915$12,325
10 years$19,156$17,315$15,633$14,101$12,709$10,246
11 years$17,237$15,414$13,763$12,272$10,930$8,593
12 years$15,639$13,835$12,215$10,765$9,472$7,256
13 years$14,288$12,503$10,913$9,503$8,259$6,163
14 years$13,131$11,365$9,805$8,436$7,240$5,259
15 years$12,129$10,382$8,853$7,524$6,375$4,504
16 years$11,253$9,525$8,026$6,737$5,634$3,871
17 years$10,481$8,772$7,304$6,053$4,996$3,336
18 years$9,796$8,106$6,667$5,455$4,442$2,881
19 years$9,183$7,513$6,104$4,929$3,959$2,494
20 years$8,633$6,981$5,602$4,464$3,536$2,162
21 years$8,135$6,503$5,152$4,051$3,165$1,877
22 years$7,683$6,070$4,749$3,684$2,837$1,631
23 years$7,272$5,677$4,385$3,355$2,546$1,420
24 years$6,895$5,319$4,055$3,060$2,289$1,236
25 years$6,549$4,992$3,756$2,794$2,059$1,078
26 years$6,229$4,691$3,483$2,555$1,855$940
27 years$5,934$4,415$3,235$2,339$1,673$821
28 years$5,661$4,160$3,007$2,143$1,509$717
29 years$5,407$3,925$2,798$1,965$1,363$626
30 years$5,170$3,707$2,606$1,803$1,231$547
31 years$4,949$3,504$2,430$1,656$1,113$478
32 years$4,743$3,315$2,267$1,522$1,007$418
33 years$4,549$3,140$2,117$1,400$911$366
34 years$4,367$2,976$1,978$1,288$825$320
35 years$4,195$2,822$1,849$1,185$747$280
36 years$4,034$2,679$1,730$1,092$677$245
37 years$3,882$2,544$1,619$1,006$614$215
38 years$3,738$2,418$1,516$927$556$188
39 years$3,602$2,299$1,421$855$505$165
40 years$3,473$2,188$1,331$789$458$144
41 years$3,350$2,082$1,248$728$415$126
42 years$3,234$1,983$1,171$671$377$111
43 years$3,123$1,890$1,099$620$342$97
44 years$3,018$1,801$1,032$572$310$85
45 years$2,918$1,718$969$529$282$74
46 years$2,822$1,639$910$488$256$65
47 years$2,731$1,564$855$451$232$57
48 years$2,643$1,493$803$417$211$50
49 years$2,560$1,425$755$385$192$44
50 years$2,480$1,362$710$356$174$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,540,000, adding $2,480 every year, while hoping to spend $24,552 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: 38/45/17 Blend
56$2,540,000$2,540,000$2,540,000$2,540,000
57$2,801,638$2,667,018$2,627,648$2,893,674
58$3,061,282$2,771,579$2,689,551$3,064,544
59$3,346,587$2,880,440$2,752,705$3,246,557
60$3,660,144$2,993,787$2,817,126$3,442,742
61$4,004,808$3,111,812$2,882,829$3,654,390
62$4,383,725$3,234,718$2,949,831$3,882,914
63$4,800,360$3,362,714$3,018,145$4,129,869
64$5,258,531$3,496,021$3,087,787$4,396,960
65$5,762,444$3,634,869$3,158,771$4,686,059
66$6,316,734$3,779,498$3,231,110$4,999,224
67$6,926,506$3,930,159$3,304,818$5,338,712
68$7,597,388$4,087,115$3,379,907$5,707,007
69$8,335,578$4,250,639$3,456,390$6,106,835
70$9,147,905$4,421,019$3,534,278$6,541,194
71$10,041,896$4,598,554$3,613,581$7,013,380
72$11,025,843$4,783,556$3,694,309$7,527,013
73$12,108,881$4,976,353$3,776,471$8,086,076
74$13,301,080$5,177,287$3,860,075$8,694,948
75$14,613,531$5,386,715$3,945,129$9,358,444
76$16,058,458$5,605,011$4,031,637$10,081,860
77$17,649,329$5,832,565$4,119,606$10,871,021
78$19,400,986$6,069,786$4,209,038$11,732,337
79$21,329,782$6,317,101$4,299,936$12,672,856
80$23,453,736$6,574,955$4,392,301$13,700,337
81$25,792,706$6,843,817$4,486,132$14,823,314
82$28,368,572$7,124,174$4,581,427$16,051,180
83$31,205,444$7,416,536$4,678,182$17,394,273
84$34,329,890$7,721,436$4,776,392$18,863,968
85$37,771,186$8,039,434$4,876,048$20,472,788
86$41,561,593$8,371,113$4,977,142$22,234,516
87$45,736,661$8,717,083$5,079,662$24,164,325
88$50,335,564$9,077,983$5,183,594$26,278,919
89$55,401,467$9,454,481$5,288,920$28,596,687
90$60,981,941$9,847,274$5,395,623$31,137,874
91$67,129,403$10,257,095$5,503,681$33,924,774
92$73,901,616$10,684,707$5,613,068$36,981,932
93$81,362,233$11,130,909$5,723,758$40,336,374
94$89,581,397$11,596,539$5,835,720$44,017,865
95$98,636,402$12,082,472$5,948,919$48,059,179
96$108,612,425$12,589,624$6,063,318$52,496,411
97$119,603,328$13,118,951$6,178,875$57,369,311
98$131,712,546$13,671,458$6,295,545$62,721,660
99$145,054,058$14,248,192$6,413,278$68,601,673
100$159,753,470$14,850,251$6,532,021$75,062,458