Can I retire at age 57 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$216,357$214,430$212,550$210,714$208,922$201,831
2 years$107,108$105,113$103,179$101,305$99,487$92,413
3 years$70,696$68,692$66,764$64,907$63,119$56,285
4 years$52,493$50,496$48,587$46,762$45,017$38,476
5 years$41,575$39,590$37,706$35,918$34,221$27,990
6 years$34,298$32,328$30,472$28,724$27,078$21,162
7 years$29,103$27,149$25,322$23,615$22,022$16,419
8 years$25,208$23,272$21,475$19,810$18,269$12,976
9 years$22,180$20,262$18,497$16,874$15,385$10,395
10 years$19,759$17,860$16,126$14,546$13,109$8,413
11 years$17,780$15,900$14,197$12,659$11,274$6,864
12 years$16,132$14,271$12,599$11,104$9,770$5,636
13 years$14,738$12,897$11,257$9,803$8,520$4,650
14 years$13,544$11,723$10,114$8,702$7,468$3,853
15 years$12,511$10,709$9,132$7,761$6,576$3,202
16 years$11,608$9,825$8,279$6,949$5,812$2,669
17 years$10,811$9,049$7,534$6,243$5,153$2,229
18 years$10,104$8,361$6,877$5,627$4,582$1,865
19 years$9,472$7,749$6,296$5,084$4,084$1,563
20 years$8,905$7,201$5,778$4,605$3,648$1,312
21 years$8,391$6,707$5,315$4,179$3,264$1,102
22 years$7,925$6,261$4,898$3,800$2,926$926
23 years$7,501$5,856$4,523$3,460$2,627$779
24 years$7,112$5,487$4,183$3,156$2,361$656
25 years$6,755$5,149$3,874$2,882$2,124$553
26 years$6,426$4,839$3,593$2,635$1,914$466
27 years$6,121$4,554$3,336$2,412$1,725$393
28 years$5,839$4,291$3,102$2,210$1,557$331
29 years$5,577$4,048$2,886$2,027$1,406$279
30 years$5,333$3,823$2,689$1,860$1,270$236
31 years$5,105$3,614$2,506$1,708$1,148$199
32 years$4,892$3,420$2,339$1,570$1,039$168
33 years$4,692$3,239$2,184$1,444$940$142
34 years$4,504$3,070$2,040$1,328$851$119
35 years$4,328$2,911$1,907$1,223$771$101
36 years$4,161$2,763$1,784$1,126$698$85
37 years$4,004$2,625$1,670$1,038$633$72
38 years$3,856$2,494$1,564$956$574$61
39 years$3,715$2,372$1,465$882$520$51
40 years$3,582$2,257$1,373$813$472$43
41 years$3,456$2,148$1,288$750$428$37
42 years$3,336$2,046$1,208$693$389$31
43 years$3,222$1,949$1,134$639$353$26
44 years$3,113$1,858$1,064$590$320$22
45 years$3,009$1,772$999$545$291$19
46 years$2,911$1,690$938$504$264$16
47 years$2,817$1,613$882$465$240$13
48 years$2,726$1,540$828$430$218$11
49 years$2,640$1,470$779$397$198$9
50 years$2,558$1,405$732$367$180$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,620,000, adding $2,937 every year, while hoping to spend $25,219 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: 28/50/22 Blend
56$2,620,000$2,620,000$2,620,000$2,620,000
57$2,890,270$2,751,410$2,710,800$2,951,107
58$3,158,244$2,859,396$2,774,778$3,106,784
59$3,452,707$2,971,828$2,840,056$3,271,507
60$3,776,333$3,088,898$2,906,647$3,447,962
61$4,132,070$3,210,805$2,974,571$3,637,166
62$4,523,164$3,337,757$3,043,842$3,840,235
63$4,953,193$3,469,973$3,114,477$4,058,391
64$5,426,098$3,607,681$3,186,491$4,292,971
65$5,946,221$3,751,119$3,259,900$4,545,446
66$6,518,347$3,900,535$3,334,717$4,817,424
67$7,147,746$4,056,188$3,410,958$5,110,673
68$7,840,226$4,218,352$3,488,636$5,427,128
69$8,602,187$4,387,309$3,567,763$5,768,917
70$9,440,679$4,563,356$3,648,352$6,138,374
71$10,363,471$4,746,803$3,730,414$6,538,062
72$11,379,123$4,937,974$3,813,960$6,970,793
73$12,497,066$5,137,207$3,899,001$7,439,658
74$13,727,693$5,344,857$3,985,544$7,948,051
75$15,082,457$5,561,294$4,073,598$8,499,703
76$16,573,974$5,786,904$4,163,170$9,098,710
77$18,216,148$6,022,092$4,254,266$9,749,577
78$20,024,301$6,267,280$4,346,890$10,457,254
79$22,015,314$6,522,910$4,441,044$11,227,182
80$24,207,789$6,789,446$4,536,732$12,065,345
81$26,622,224$7,067,369$4,633,953$12,978,320
82$29,281,206$7,357,186$4,732,707$13,973,342
83$32,209,626$7,659,425$4,832,989$15,058,368
84$35,434,909$7,974,638$4,934,795$16,242,149
85$38,987,278$8,303,403$5,038,119$17,534,312
86$42,900,035$8,646,325$5,142,951$18,945,449
87$47,209,880$9,004,036$5,249,281$20,487,212
88$51,957,251$9,377,197$5,357,095$22,172,423
89$57,186,710$9,766,500$5,466,378$24,015,192
90$62,947,364$10,172,668$5,577,111$26,031,045
91$69,293,325$10,596,458$5,689,273$28,237,073
92$76,284,221$11,038,661$5,802,841$30,652,083
93$83,985,762$11,500,106$5,917,787$33,296,781
94$92,470,358$11,981,660$6,034,081$36,193,955
95$101,817,801$12,484,228$6,151,689$39,368,696
96$112,116,021$13,008,759$6,270,575$42,848,623
97$123,461,912$13,556,245$6,390,696$46,664,146
98$135,962,251$14,127,725$6,512,008$50,848,746
99$149,734,702$14,724,285$6,634,462$55,439,288
100$164,908,929$15,347,062$6,758,004$60,476,366