Can I retire at age 57 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$218,835$216,885$214,983$213,127$211,315$203,574
2 years$108,334$106,316$104,361$102,465$100,626$92,914
3 years$71,505$69,479$67,528$65,650$63,841$56,400
4 years$53,094$51,074$49,143$47,297$45,532$38,418
5 years$42,051$40,043$38,137$36,329$34,613$27,845
6 years$34,691$32,698$30,821$29,053$27,388$20,971
7 years$29,436$27,460$25,612$23,886$22,274$16,206
8 years$25,496$23,538$21,721$20,037$18,478$12,755
9 years$22,434$20,494$18,708$17,067$15,561$10,174
10 years$19,985$18,065$16,310$14,712$13,259$8,198
11 years$17,983$16,082$14,359$12,804$11,403$6,658
12 years$16,316$14,434$12,744$11,231$9,882$5,441
13 years$14,907$13,044$11,386$9,915$8,617$4,468
14 years$13,699$11,857$10,230$8,801$7,554$3,684
15 years$12,654$10,831$9,236$7,849$6,651$3,047
16 years$11,740$9,938$8,374$7,028$5,878$2,526
17 years$10,935$9,152$7,620$6,315$5,212$2,099
18 years$10,220$8,457$6,956$5,691$4,634$1,748
19 years$9,581$7,838$6,368$5,142$4,131$1,457
20 years$9,007$7,283$5,844$4,657$3,689$1,216
21 years$8,487$6,784$5,376$4,227$3,302$1,016
22 years$8,016$6,333$4,954$3,843$2,959$849
23 years$7,587$5,923$4,575$3,500$2,657$711
24 years$7,193$5,549$4,231$3,192$2,388$595
25 years$6,832$5,208$3,918$2,915$2,149$498
26 years$6,499$4,895$3,634$2,666$1,935$418
27 years$6,192$4,606$3,375$2,440$1,745$350
28 years$5,906$4,341$3,137$2,235$1,575$293
29 years$5,641$4,095$2,919$2,050$1,422$246
30 years$5,394$3,867$2,719$1,881$1,285$206
31 years$5,164$3,656$2,535$1,728$1,161$173
32 years$4,948$3,459$2,365$1,588$1,051$145
33 years$4,746$3,276$2,209$1,460$951$122
34 years$4,556$3,105$2,064$1,344$861$102
35 years$4,377$2,945$1,929$1,237$780$86
36 years$4,209$2,795$1,805$1,139$706$72
37 years$4,050$2,655$1,689$1,050$640$60
38 years$3,900$2,523$1,582$967$580$51
39 years$3,758$2,399$1,482$892$526$43
40 years$3,623$2,282$1,389$823$477$36
41 years$3,495$2,173$1,303$759$433$30
42 years$3,374$2,069$1,222$701$393$25
43 years$3,258$1,971$1,147$647$357$21
44 years$3,149$1,879$1,076$597$324$18
45 years$3,044$1,792$1,011$551$294$15
46 years$2,944$1,710$949$509$267$13
47 years$2,849$1,631$892$471$242$11
48 years$2,758$1,557$838$435$220$9
49 years$2,671$1,487$788$402$200$7
50 years$2,587$1,421$740$371$182$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,650,000, adding $2,834 every year, while hoping to spend $34,310 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: 41/40/19 Blend
56$2,650,000$2,650,000$2,650,000$2,650,000
57$2,923,223$2,782,773$2,741,698$3,026,598
58$3,184,886$2,882,624$2,797,040$3,200,259
59$3,472,089$2,986,217$2,853,085$3,384,574
60$3,787,401$3,093,700$2,909,822$3,583,360
61$4,133,651$3,205,226$2,967,235$3,797,956
62$4,513,956$3,320,955$3,025,311$4,029,835
63$4,931,750$3,441,052$3,084,030$4,280,614
64$5,390,817$3,565,692$3,143,373$4,552,072
65$5,895,323$3,695,054$3,203,319$4,846,164
66$6,449,861$3,829,326$3,263,844$5,165,037
67$7,059,487$3,968,704$3,324,924$5,511,055
68$7,729,775$4,113,390$3,386,529$5,886,816
69$8,466,864$4,263,599$3,448,630$6,295,176
70$9,277,519$4,419,550$3,511,194$6,739,278
71$10,169,193$4,581,474$3,574,185$7,222,580
72$11,150,096$4,749,612$3,637,566$7,748,884
73$12,229,276$4,924,214$3,701,295$8,322,377
74$13,416,702$5,105,539$3,765,328$8,947,661
75$14,723,356$5,293,861$3,829,617$9,629,806
76$16,161,340$5,489,463$3,894,111$10,374,387
77$17,743,989$5,692,639$3,958,756$11,187,543
78$19,485,996$5,903,698$4,023,494$12,076,029
79$21,403,549$6,122,961$4,088,263$13,047,284
80$23,514,487$6,350,762$4,152,996$14,109,494
81$25,838,466$6,587,450$4,217,622$15,271,673
82$28,397,143$6,833,389$4,282,066$16,543,744
83$31,214,385$7,088,958$4,346,249$17,936,635
84$34,316,489$7,354,554$4,410,085$19,462,375
85$37,732,432$7,630,588$4,473,484$21,134,215
86$41,494,144$7,917,491$4,536,350$22,966,741
87$45,636,811$8,215,712$4,598,581$24,976,020
88$50,199,203$8,525,719$4,660,071$27,179,745
89$55,224,043$8,848,001$4,720,705$29,597,402
90$60,758,409$9,183,067$4,780,362$32,250,451
91$66,854,179$9,531,449$4,838,916$35,162,531
92$73,568,517$9,893,702$4,896,232$38,359,676
93$80,964,416$10,270,404$4,952,166$41,870,563
94$89,111,293$10,662,160$5,006,570$45,726,779
95$98,085,639$11,069,600$5,059,284$49,963,119
96$107,971,745$11,493,381$5,110,141$54,617,911
97$118,862,497$11,934,191$5,158,965$59,733,375
98$130,860,252$12,392,747$5,205,570$65,356,023
99$144,077,802$12,869,795$5,249,761$71,537,093
100$158,639,440$13,366,118$5,291,331$78,333,030