Can I retire at age 57 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$212,228$210,338$208,493$206,693$204,935$200,552
2 years$105,063$103,107$101,210$99,372$97,588$93,193
3 years$69,347$67,381$65,490$63,668$61,914$57,645
4 years$51,492$49,532$47,660$45,870$44,158$40,047
5 years$40,781$38,834$36,986$35,232$33,568$29,627
6 years$33,644$31,711$29,890$28,175$26,561$22,795
7 years$28,547$26,631$24,839$23,165$21,601$18,010
8 years$24,727$22,828$21,065$19,432$17,920$14,503
9 years$21,757$19,875$18,144$16,552$15,092$11,846
10 years$19,382$17,519$15,818$14,268$12,859$9,782
11 years$17,440$15,596$13,926$12,417$11,059$8,146
12 years$15,824$13,998$12,359$10,892$9,583$6,830
13 years$14,457$12,650$11,042$9,616$8,357$5,759
14 years$13,286$11,499$9,921$8,536$7,326$4,877
15 years$12,272$10,505$8,957$7,612$6,450$4,146
16 years$11,386$9,638$8,121$6,816$5,701$3,536
17 years$10,605$8,876$7,390$6,124$5,055$3,023
18 years$9,912$8,202$6,746$5,519$4,494$2,590
19 years$9,292$7,601$6,176$4,987$4,006$2,224
20 years$8,735$7,064$5,668$4,517$3,578$1,912
21 years$8,231$6,579$5,213$4,099$3,202$1,646
22 years$7,774$6,142$4,805$3,727$2,870$1,419
23 years$7,358$5,744$4,436$3,394$2,576$1,224
24 years$6,976$5,382$4,103$3,096$2,316$1,057
25 years$6,626$5,051$3,800$2,827$2,084$913
26 years$6,303$4,747$3,524$2,585$1,877$790
27 years$6,005$4,467$3,273$2,366$1,692$683
28 years$5,728$4,209$3,042$2,168$1,527$591
29 years$5,471$3,971$2,831$1,988$1,379$512
30 years$5,231$3,750$2,637$1,825$1,246$443
31 years$5,008$3,545$2,459$1,676$1,126$384
32 years$4,799$3,355$2,294$1,540$1,019$333
33 years$4,602$3,177$2,142$1,416$922$289
34 years$4,418$3,011$2,001$1,303$835$250
35 years$4,245$2,856$1,871$1,199$756$217
36 years$4,082$2,711$1,750$1,105$685$188
37 years$3,928$2,574$1,638$1,018$621$163
38 years$3,782$2,447$1,534$938$563$142
39 years$3,644$2,327$1,437$865$510$123
40 years$3,514$2,213$1,347$798$463$107
41 years$3,390$2,107$1,263$736$420$92
42 years$3,272$2,007$1,185$679$381$80
43 years$3,160$1,912$1,112$627$346$70
44 years$3,054$1,822$1,044$579$314$60
45 years$2,952$1,738$980$535$285$52
46 years$2,855$1,658$920$494$259$45
47 years$2,763$1,582$865$456$235$39
48 years$2,674$1,510$813$422$213$34
49 years$2,590$1,442$764$390$194$30
50 years$2,509$1,378$718$360$176$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,570,000, adding $6,239 every year, while hoping to spend $20,802 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: 82/10/8 Blend
56$2,570,000$2,570,000$2,570,000$2,570,000
57$2,838,576$2,702,366$2,662,531$3,068,080
58$3,105,977$2,812,648$2,729,592$3,329,434
59$3,399,956$2,927,638$2,798,203$3,612,884
60$3,723,202$3,047,542$2,868,393$3,923,429
61$4,078,678$3,172,581$2,940,193$4,263,771
62$4,469,646$3,302,981$3,013,633$4,636,887
63$4,899,704$3,438,981$3,088,744$5,046,053
64$5,372,814$3,580,831$3,165,557$5,494,879
65$5,893,342$3,728,792$3,244,104$5,987,341
66$6,466,097$3,883,137$3,324,415$6,527,815
67$7,096,379$4,044,151$3,406,524$7,121,124
68$7,790,029$4,212,133$3,490,461$7,772,579
69$8,553,480$4,387,396$3,576,259$8,488,029
70$9,393,822$4,570,266$3,663,952$9,273,919
71$10,318,868$4,761,085$3,753,570$10,137,346
72$11,337,225$4,960,211$3,845,147$11,086,129
73$12,458,378$5,168,017$3,938,716$12,128,882
74$13,692,779$5,384,896$4,034,309$13,275,091
75$15,051,943$5,611,257$4,131,959$14,535,210
76$16,548,561$5,847,528$4,231,699$15,920,753
77$18,196,615$6,094,158$4,333,563$17,444,405
78$20,011,515$6,351,617$4,437,582$19,120,143
79$22,010,237$6,620,394$4,543,789$20,963,363
80$24,211,492$6,901,004$4,652,216$22,991,028
81$26,635,896$7,193,985$4,762,897$25,221,827
82$29,306,166$7,499,899$4,875,863$27,676,350
83$32,247,336$7,819,335$4,991,145$30,377,283
84$35,486,991$8,152,909$5,108,776$33,349,621
85$39,055,530$8,501,267$5,228,785$36,620,903
86$42,986,449$8,865,084$5,351,205$40,221,471
87$47,316,660$9,245,067$5,476,063$44,184,758
88$52,086,839$9,641,955$5,603,391$48,547,600
89$57,341,809$10,056,523$5,733,217$53,350,584
90$63,130,962$10,489,580$5,865,568$58,638,431
91$69,508,727$10,941,977$6,000,472$64,460,417
92$76,535,085$11,414,602$6,137,955$70,870,837
93$84,276,129$11,908,383$6,278,042$77,929,517
94$92,804,696$12,424,295$6,420,758$85,702,379
95$102,201,047$12,963,358$6,566,126$94,262,059
96$112,553,630$13,526,639$6,714,167$103,688,595
97$123,959,911$14,115,254$6,864,902$114,070,182
98$136,527,295$14,730,375$7,018,350$125,503,999
99$150,374,142$15,373,226$7,174,527$138,097,131
100$165,630,880$16,045,091$7,333,450$151,967,576