Can I retire at age 57 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$217,183$215,248$213,361$211,519$209,720$205,486
2 years$107,516$105,514$103,573$101,692$99,867$95,619
3 years$70,966$68,955$67,019$65,155$63,359$59,231
4 years$52,694$50,689$48,773$46,940$45,189$41,212
5 years$41,734$39,741$37,849$36,055$34,352$30,537
6 years$34,429$32,451$30,588$28,833$27,181$23,533
7 years$29,214$27,253$25,419$23,705$22,106$18,625
8 years$25,304$23,360$21,557$19,886$18,339$15,025
9 years$22,265$20,339$18,567$16,938$15,444$12,294
10 years$19,835$17,928$16,187$14,601$13,159$10,170
11 years$17,848$15,960$14,251$12,707$11,317$8,486
12 years$16,193$14,325$12,647$11,146$9,807$7,129
13 years$14,794$12,946$11,300$9,840$8,552$6,023
14 years$13,596$11,767$10,153$8,735$7,497$5,111
15 years$12,559$10,750$9,167$7,790$6,601$4,354
16 years$11,652$9,863$8,311$6,975$5,834$3,721
17 years$10,853$9,083$7,563$6,267$5,173$3,188
18 years$10,143$8,393$6,904$5,648$4,599$2,738
19 years$9,509$7,779$6,320$5,103$4,099$2,355
20 years$8,939$7,228$5,800$4,622$3,662$2,030
21 years$8,423$6,733$5,335$4,195$3,277$1,751
22 years$7,956$6,285$4,917$3,814$2,937$1,513
23 years$7,529$5,878$4,540$3,474$2,637$1,309
24 years$7,139$5,508$4,199$3,168$2,370$1,133
25 years$6,781$5,169$3,889$2,893$2,132$981
26 years$6,450$4,858$3,607$2,645$1,921$850
27 years$6,145$4,572$3,349$2,421$1,732$737
28 years$5,862$4,308$3,113$2,219$1,563$640
29 years$5,599$4,064$2,897$2,035$1,411$555
30 years$5,354$3,838$2,699$1,867$1,275$482
31 years$5,125$3,628$2,516$1,715$1,153$419
32 years$4,911$3,433$2,347$1,576$1,043$364
33 years$4,710$3,251$2,192$1,449$944$316
34 years$4,521$3,081$2,048$1,333$854$275
35 years$4,344$2,922$1,915$1,227$774$239
36 years$4,177$2,774$1,791$1,130$701$208
37 years$4,019$2,635$1,676$1,042$635$181
38 years$3,870$2,504$1,570$960$576$157
39 years$3,729$2,381$1,471$885$522$137
40 years$3,596$2,265$1,379$816$474$119
41 years$3,469$2,156$1,293$753$430$103
42 years$3,348$2,054$1,213$695$390$90
43 years$3,234$1,957$1,138$642$354$78
44 years$3,125$1,865$1,068$593$321$68
45 years$3,021$1,778$1,003$547$292$59
46 years$2,922$1,697$942$506$265$52
47 years$2,827$1,619$885$467$241$45
48 years$2,737$1,546$832$432$218$39
49 years$2,650$1,476$782$399$198$34
50 years$2,568$1,410$735$369$180$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,630,000, adding $5,034 every year, while hoping to spend $27,598 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: 75/5/20 Blend
56$2,630,000$2,630,000$2,630,000$2,630,000
57$2,903,453$2,764,063$2,723,298$3,107,139
58$3,170,241$2,870,138$2,785,164$3,348,951
59$3,463,316$2,980,485$2,848,178$3,610,070
60$3,785,331$3,095,286$2,912,349$3,895,583
61$4,139,208$3,214,728$2,977,685$4,207,916
62$4,528,165$3,339,007$3,044,195$4,549,741
63$4,955,748$3,468,329$3,111,886$4,924,003
64$5,425,864$3,602,907$3,180,765$5,333,943
65$5,942,819$3,742,966$3,250,836$5,783,131
66$6,511,353$3,888,738$3,322,106$6,275,500
67$7,136,693$4,040,467$3,394,578$6,815,383
68$7,824,594$4,198,409$3,468,255$7,407,551
69$8,581,400$4,362,828$3,543,139$8,057,262
70$9,414,099$4,534,003$3,619,231$8,770,305
71$10,330,391$4,712,224$3,696,529$9,553,061
72$11,338,761$4,897,793$3,775,033$10,412,557
73$12,448,557$5,091,027$3,854,739$11,356,536
74$13,670,079$5,292,256$3,935,642$12,393,527
75$15,014,677$5,501,827$4,017,736$13,532,929
76$16,494,857$5,720,099$4,101,013$14,785,093
77$18,124,399$5,947,451$4,185,463$16,161,429
78$19,918,487$6,184,275$4,271,075$17,674,502
79$21,893,851$6,430,983$4,357,835$19,338,162
80$24,068,929$6,688,006$4,445,728$21,167,664
81$26,464,035$6,955,794$4,534,735$23,179,819
82$29,101,554$7,234,815$4,624,836$25,393,148
83$32,006,153$7,525,561$4,716,008$27,828,061
84$35,205,012$7,828,545$4,808,226$30,507,043
85$38,728,083$8,144,304$4,901,461$33,454,872
86$42,608,371$8,473,398$4,995,684$36,698,850
87$46,882,244$8,816,414$5,090,858$40,269,058
88$51,589,778$9,173,963$5,186,947$44,198,644
89$56,775,135$9,546,687$5,283,909$48,524,134
90$62,486,979$9,935,255$5,381,701$53,285,775
91$68,778,936$10,340,368$5,480,273$58,527,914
92$75,710,099$10,762,757$5,579,573$64,299,420
93$83,345,585$11,203,188$5,679,545$70,654,142
94$91,757,152$11,662,462$5,780,127$77,651,416
95$101,023,874$12,141,415$5,881,254$85,356,627
96$111,232,887$12,640,922$5,982,854$93,841,826
97$122,480,214$13,161,900$6,084,852$103,186,408
98$134,871,668$13,705,305$6,187,167$113,477,860
99$148,523,852$14,272,139$6,289,711$124,812,591
100$163,565,260$14,863,449$6,392,391$137,296,835