Can I retire at age 57 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$210,577$208,701$206,871$205,085$203,341$202,229
2 years$104,246$102,304$100,423$98,598$96,829$95,707
3 years$68,807$66,857$64,980$63,173$61,432$60,335
4 years$51,091$49,147$47,289$45,513$43,814$42,750
5 years$40,464$38,532$36,698$34,958$33,307$32,279
6 years$33,382$31,464$29,658$27,956$26,354$25,364
7 years$28,325$26,424$24,646$22,984$21,433$20,481
8 years$24,534$22,650$20,901$19,281$17,781$16,867
9 years$21,587$19,721$18,002$16,423$14,974$14,098
10 years$19,231$17,383$15,695$14,157$12,759$11,920
11 years$17,305$15,475$13,818$12,321$10,973$10,171
12 years$15,701$13,889$12,263$10,807$9,509$8,743
13 years$14,344$12,552$10,956$9,541$8,292$7,562
14 years$13,183$11,409$9,844$8,469$7,269$6,573
15 years$12,177$10,423$8,888$7,553$6,400$5,738
16 years$11,297$9,563$8,058$6,763$5,656$5,028
17 years$10,522$8,807$7,332$6,077$5,015$4,418
18 years$9,834$8,138$6,694$5,476$4,459$3,893
19 years$9,219$7,542$6,128$4,948$3,975$3,439
20 years$8,667$7,009$5,624$4,482$3,550$3,043
21 years$8,167$6,528$5,173$4,067$3,177$2,698
22 years$7,714$6,094$4,767$3,698$2,848$2,395
23 years$7,300$5,699$4,402$3,368$2,556$2,129
24 years$6,922$5,340$4,071$3,072$2,298$1,895
25 years$6,574$5,011$3,771$2,805$2,068$1,689
26 years$6,254$4,710$3,497$2,565$1,862$1,506
27 years$5,958$4,433$3,247$2,348$1,679$1,344
28 years$5,683$4,177$3,019$2,151$1,515$1,200
29 years$5,428$3,940$2,809$1,973$1,368$1,073
30 years$5,191$3,721$2,617$1,810$1,236$959
31 years$4,969$3,518$2,439$1,663$1,118$858
32 years$4,761$3,328$2,276$1,528$1,011$768
33 years$4,567$3,152$2,125$1,405$915$688
34 years$4,384$2,988$1,986$1,293$828$616
35 years$4,212$2,834$1,856$1,190$750$552
36 years$4,050$2,690$1,737$1,096$680$495
37 years$3,897$2,554$1,625$1,010$616$444
38 years$3,753$2,428$1,522$931$559$398
39 years$3,616$2,308$1,426$858$507$357
40 years$3,486$2,196$1,337$792$459$320
41 years$3,363$2,091$1,253$730$417$287
42 years$3,247$1,991$1,176$674$378$258
43 years$3,135$1,897$1,103$622$343$231
44 years$3,030$1,808$1,036$575$312$208
45 years$2,929$1,724$972$531$283$186
46 years$2,833$1,645$913$490$257$167
47 years$2,741$1,570$858$453$233$150
48 years$2,654$1,499$806$418$212$135
49 years$2,570$1,431$758$387$192$121
50 years$2,490$1,367$713$357$175$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,550,000, adding $3,951 every year, while hoping to spend $52,499 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: 69/17/14 Blend
56$2,550,000$2,550,000$2,550,000$2,550,000
57$2,814,175$2,679,025$2,639,500$2,999,163
58$3,045,363$2,754,439$2,672,065$3,198,112
59$3,298,372$2,831,789$2,703,961$3,409,050
60$3,575,373$2,911,113$2,735,111$3,638,481
61$3,878,755$2,992,453$2,765,432$3,888,215
62$4,211,152$3,075,846$2,794,838$4,160,251
63$4,575,462$3,161,335$2,823,236$4,456,784
64$4,974,876$3,248,957$2,850,532$4,780,237
65$5,412,911$3,338,754$2,876,622$5,133,276
66$5,893,439$3,430,764$2,901,401$5,518,835
67$6,420,726$3,525,028$2,924,754$5,940,151
68$6,999,471$3,621,585$2,946,564$6,400,786
69$7,634,848$3,720,473$2,966,705$6,904,663
70$8,332,558$3,821,733$2,985,045$7,456,106
71$9,098,882$3,925,401$3,001,448$8,059,876
72$9,940,738$4,031,515$3,015,766$8,721,222
73$10,865,747$4,140,113$3,027,848$9,445,921
74$11,882,306$4,251,231$3,037,533$10,240,342
75$12,999,662$4,364,903$3,044,652$11,111,500
76$14,228,009$4,481,164$3,049,028$12,067,125
77$15,578,571$4,600,047$3,050,477$13,115,732
78$17,063,719$4,721,583$3,048,801$14,266,704
79$18,697,081$4,845,802$3,043,798$15,530,381
80$20,493,670$4,972,734$3,035,253$16,918,152
81$22,470,031$5,102,404$3,022,940$18,442,570
82$24,644,389$5,234,837$3,006,623$20,117,464
83$27,036,828$5,370,055$2,986,057$21,958,073
84$29,669,475$5,508,079$2,960,980$23,981,190
85$32,566,712$5,648,924$2,931,123$26,205,316
86$35,755,401$5,792,606$2,896,200$28,650,840
87$39,265,143$5,939,136$2,855,914$31,340,229
88$43,128,554$6,088,520$2,809,954$34,298,240
89$47,381,572$6,240,762$2,757,992$37,552,153
90$52,063,795$6,395,862$2,699,688$41,132,028
91$57,218,858$6,553,815$2,634,683$45,070,993
92$62,894,841$6,714,612$2,562,605$49,405,551
93$69,144,723$6,878,236$2,483,061$54,175,928
94$76,026,884$7,044,669$2,395,642$59,426,451
95$83,605,651$7,213,882$2,299,921$65,205,968
96$91,951,909$7,385,844$2,195,450$71,568,309
97$101,143,768$7,560,515$2,081,762$78,572,790
98$111,267,298$7,737,846$1,958,367$86,284,782
99$122,417,345$7,917,783$1,824,754$94,776,317
100$134,698,421$8,100,261$1,680,390$104,126,778