Can I retire at age 57 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$213,054$211,156$209,305$207,497$205,733$201,661
2 years$105,472$103,508$101,604$99,758$97,968$93,883
3 years$69,616$67,644$65,745$63,916$62,155$58,184
4 years$51,692$49,725$47,845$46,048$44,329$40,504
5 years$40,940$38,985$37,130$35,369$33,699$30,028
6 years$33,775$31,834$30,006$28,285$26,664$23,154
7 years$28,658$26,734$24,936$23,255$21,685$18,335
8 years$24,823$22,916$21,147$19,508$17,990$14,799
9 years$21,841$19,953$18,214$16,616$15,150$12,117
10 years$19,457$17,587$15,880$14,323$12,909$10,030
11 years$17,508$15,657$13,980$12,466$11,102$8,374
12 years$15,885$14,053$12,407$10,934$9,621$7,040
13 years$14,513$12,700$11,085$9,653$8,389$5,951
14 years$13,338$11,544$9,960$8,569$7,354$5,054
15 years$12,320$10,545$8,992$7,642$6,475$4,308
16 years$11,430$9,675$8,153$6,843$5,723$3,684
17 years$10,646$8,910$7,419$6,148$5,074$3,159
18 years$9,950$8,234$6,772$5,541$4,512$2,715
19 years$9,328$7,631$6,200$5,006$4,021$2,337
20 years$8,769$7,091$5,690$4,534$3,592$2,016
21 years$8,263$6,605$5,234$4,115$3,214$1,741
22 years$7,804$6,166$4,824$3,742$2,881$1,505
23 years$7,386$5,766$4,454$3,408$2,586$1,302
24 years$7,003$5,403$4,119$3,108$2,325$1,128
25 years$6,652$5,070$3,815$2,838$2,092$978
26 years$6,328$4,765$3,538$2,595$1,884$848
27 years$6,028$4,485$3,285$2,375$1,699$736
28 years$5,750$4,226$3,054$2,176$1,533$639
29 years$5,492$3,987$2,842$1,996$1,384$555
30 years$5,252$3,765$2,647$1,832$1,251$483
31 years$5,027$3,559$2,468$1,682$1,131$420
32 years$4,817$3,368$2,303$1,546$1,023$365
33 years$4,620$3,189$2,150$1,422$926$317
34 years$4,436$3,023$2,009$1,308$838$276
35 years$4,262$2,867$1,878$1,204$759$240
36 years$4,098$2,721$1,757$1,109$688$209
37 years$3,943$2,584$1,645$1,022$623$182
38 years$3,797$2,456$1,540$942$565$158
39 years$3,658$2,336$1,443$868$512$138
40 years$3,527$2,222$1,352$801$465$120
41 years$3,403$2,115$1,268$739$422$104
42 years$3,285$2,014$1,190$682$383$91
43 years$3,172$1,919$1,116$630$347$79
44 years$3,065$1,830$1,048$581$315$69
45 years$2,963$1,745$984$537$286$60
46 years$2,866$1,664$924$496$260$52
47 years$2,774$1,588$868$458$236$46
48 years$2,685$1,516$816$423$214$40
49 years$2,600$1,448$767$391$195$35
50 years$2,519$1,383$721$362$177$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,580,000, adding $4,624 every year, while hoping to spend $25,450 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: 48/25/27 Blend
56$2,580,000$2,580,000$2,580,000$2,580,000
57$2,847,930$2,711,190$2,671,200$2,962,500
58$3,111,340$2,816,959$2,733,606$3,149,223
59$3,400,765$2,927,059$2,797,250$3,349,011
60$3,718,832$3,041,673$2,862,147$3,565,484
61$4,068,433$3,160,996$2,928,310$3,800,228
62$4,452,758$3,285,230$2,995,753$4,054,986
63$4,875,319$3,414,585$3,064,490$4,331,676
64$5,339,985$3,549,283$3,134,534$4,632,405
65$5,851,019$3,689,554$3,205,896$4,959,494
66$6,413,119$3,835,638$3,278,590$5,315,492
67$7,031,460$3,987,787$3,352,625$5,703,206
68$7,711,744$4,146,264$3,428,013$6,125,726
69$8,460,254$4,311,343$3,504,764$6,586,448
70$9,283,912$4,483,311$3,582,886$7,089,113
71$10,190,346$4,662,468$3,662,387$7,637,835
72$11,187,959$4,849,127$3,743,275$8,237,145
73$12,286,012$5,043,615$3,825,556$8,892,029
74$13,494,709$5,246,276$3,909,236$9,607,974
75$14,825,291$5,457,465$3,994,317$10,391,024
76$16,290,148$5,677,558$4,080,804$11,247,829
77$17,902,929$5,906,945$4,168,697$12,185,713
78$19,678,677$6,146,034$4,257,997$13,212,740
79$21,633,964$6,395,252$4,348,703$14,337,789
80$23,787,055$6,655,046$4,440,811$15,570,636
81$26,158,074$6,925,882$4,534,317$16,922,048
82$28,769,196$7,208,249$4,629,215$18,403,881
83$31,644,856$7,502,656$4,725,496$20,029,192
84$34,811,982$7,809,636$4,823,151$21,812,360
85$38,300,245$8,129,749$4,922,167$23,769,225
86$42,142,339$8,463,576$5,022,529$25,917,230
87$46,374,294$8,811,728$5,124,220$28,275,587
88$51,035,813$9,174,843$5,227,222$30,865,460
89$56,170,643$9,553,587$5,331,511$33,710,159
90$61,826,995$9,948,660$5,437,063$36,835,361
91$68,057,993$10,360,789$5,543,850$40,269,351
92$74,922,180$10,790,739$5,651,840$44,043,286
93$82,484,066$11,239,309$5,761,000$48,191,491
94$90,814,738$11,707,332$5,871,291$52,751,776
95$99,992,534$12,195,684$5,982,672$57,765,797
96$110,103,777$12,705,278$6,095,096$63,279,441
97$121,243,596$13,237,070$6,208,516$69,343,266
98$133,516,817$13,792,060$6,322,875$76,012,968
99$147,038,957$14,371,296$6,438,116$83,349,908
100$161,937,314$14,975,872$6,554,176$91,421,693