Can I retire at age 57 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$215,531$213,612$211,738$209,910$208,125$201,141
2 years$106,699$104,712$102,786$100,918$99,107$92,140
3 years$70,426$68,430$66,509$64,659$62,878$56,146
4 years$52,293$50,303$48,402$46,583$44,845$38,400
5 years$41,416$39,438$37,562$35,781$34,090$27,949
6 years$34,167$32,204$30,355$28,614$26,975$21,142
7 years$28,992$27,045$25,225$23,525$21,938$16,413
8 years$25,112$23,183$21,393$19,735$18,199$12,979
9 years$22,095$20,185$18,426$16,810$15,326$10,404
10 years$19,684$17,792$16,064$14,490$13,059$8,426
11 years$17,712$15,839$14,143$12,611$11,231$6,879
12 years$16,070$14,216$12,551$11,061$9,733$5,652
13 years$14,682$12,847$11,214$9,765$8,487$4,666
14 years$13,493$11,678$10,076$8,669$7,440$3,869
15 years$12,463$10,668$9,097$7,731$6,550$3,218
16 years$11,563$9,788$8,248$6,922$5,789$2,684
17 years$10,770$9,014$7,505$6,220$5,133$2,243
18 years$10,066$8,329$6,851$5,605$4,564$1,879
19 years$9,436$7,720$6,272$5,065$4,068$1,576
20 years$8,871$7,173$5,756$4,587$3,634$1,323
21 years$8,359$6,682$5,294$4,163$3,252$1,112
22 years$7,895$6,237$4,880$3,785$2,915$936
23 years$7,472$5,834$4,505$3,447$2,617$788
24 years$7,085$5,466$4,167$3,144$2,352$664
25 years$6,729$5,129$3,859$2,871$2,116$560
26 years$6,401$4,821$3,579$2,625$1,906$472
27 years$6,098$4,537$3,324$2,403$1,719$398
28 years$5,817$4,275$3,090$2,202$1,551$336
29 years$5,556$4,033$2,875$2,019$1,400$284
30 years$5,313$3,809$2,678$1,853$1,265$239
31 years$5,086$3,600$2,497$1,702$1,144$202
32 years$4,873$3,407$2,330$1,564$1,035$171
33 years$4,674$3,226$2,175$1,438$936$144
34 years$4,487$3,058$2,032$1,323$848$122
35 years$4,311$2,900$1,900$1,218$768$103
36 years$4,145$2,753$1,778$1,122$696$87
37 years$3,989$2,615$1,664$1,034$631$74
38 years$3,841$2,485$1,558$953$572$62
39 years$3,701$2,363$1,460$879$518$53
40 years$3,568$2,248$1,368$810$470$44
41 years$3,442$2,140$1,283$748$427$37
42 years$3,323$2,038$1,203$690$387$32
43 years$3,209$1,942$1,129$637$351$27
44 years$3,101$1,851$1,060$588$319$23
45 years$2,998$1,765$995$543$290$19
46 years$2,900$1,684$935$502$263$16
47 years$2,806$1,607$878$463$239$14
48 years$2,716$1,534$825$428$217$12
49 years$2,630$1,465$776$396$197$10
50 years$2,548$1,399$729$366$179$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,610,000, adding $6,051 every year, while hoping to spend $23,121 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: 61/11/28 Blend
56$2,610,000$2,610,000$2,610,000$2,610,000
57$2,882,462$2,744,132$2,703,677$3,036,203
58$3,151,872$2,853,993$2,769,649$3,251,449
59$3,447,988$2,968,464$2,837,057$3,483,278
60$3,773,508$3,087,744$2,905,924$3,735,853
61$4,131,406$3,212,044$2,976,273$4,011,204
62$4,524,960$3,341,584$3,048,128$4,311,565
63$4,957,778$3,476,595$3,121,513$4,639,397
64$5,433,840$3,617,316$3,196,452$4,997,409
65$5,957,526$3,763,999$3,272,968$5,388,581
66$6,533,666$3,916,907$3,351,084$5,816,197
67$7,167,578$4,076,314$3,430,824$6,283,871
68$7,865,125$4,242,507$3,512,211$6,795,584
69$8,632,766$4,415,788$3,595,267$7,355,718
70$9,477,615$4,596,469$3,680,017$7,969,100
71$10,407,516$4,784,879$3,766,480$8,641,046
72$11,431,106$4,981,362$3,854,681$9,377,409
73$12,557,906$5,186,276$3,944,640$10,184,636
74$13,798,405$5,399,997$4,036,379$11,069,828
75$15,164,163$5,622,917$4,129,918$12,040,807
76$16,667,916$5,855,448$4,225,278$13,106,187
77$18,323,696$6,098,018$4,322,478$14,275,459
78$20,146,970$6,351,077$4,421,538$15,559,073
79$22,154,776$6,615,096$4,522,475$16,968,546
80$24,365,893$6,890,565$4,625,307$18,516,561
81$26,801,010$7,177,999$4,730,051$20,217,092
82$29,482,928$7,477,935$4,836,722$22,085,530
83$32,436,770$7,790,937$4,945,336$24,138,836
84$35,690,221$8,117,594$5,055,905$26,395,690
85$39,273,789$8,458,521$5,168,443$28,876,675
86$43,221,090$8,814,364$5,282,961$31,604,468
87$47,569,170$9,185,796$5,399,469$34,604,050
88$52,358,848$9,573,523$5,517,974$37,902,948
89$57,635,109$9,978,284$5,638,485$41,531,486
90$63,447,522$10,400,852$5,761,006$45,523,077
91$69,850,711$10,842,035$5,885,541$49,914,536
92$76,904,868$11,302,679$6,012,091$54,746,422
93$84,676,325$11,783,671$6,140,656$60,063,428
94$93,238,176$12,285,937$6,271,234$65,914,795
95$102,670,969$12,810,447$6,403,819$72,354,780
96$113,063,465$13,358,216$6,538,405$79,443,166
97$124,513,478$13,930,309$6,674,981$87,245,824
98$137,128,795$14,527,836$6,813,536$95,835,335
99$151,028,195$15,151,963$6,954,052$105,291,677
100$166,342,570$15,803,908$7,096,512$115,702,972