Can I retire at age 57 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$219,660$217,704$215,795$213,932$212,112$210,864
2 years$108,743$106,717$104,755$102,852$101,006$99,746
3 years$71,775$69,741$67,783$65,898$64,082$62,851
4 years$53,295$51,267$49,329$47,476$45,704$44,510
5 years$42,210$40,194$38,281$36,466$34,743$33,590
6 years$34,822$32,821$30,937$29,162$27,491$26,380
7 years$29,547$27,563$25,709$23,976$22,358$21,290
8 years$25,593$23,627$21,803$20,113$18,548$17,523
9 years$22,519$20,571$18,779$17,132$15,620$14,638
10 years$20,061$18,133$16,372$14,768$13,309$12,369
11 years$18,051$16,143$14,414$12,852$11,446$10,548
12 years$16,378$14,489$12,792$11,273$9,919$9,062
13 years$14,963$13,094$11,429$9,952$8,650$7,832
14 years$13,751$11,902$10,269$8,835$7,582$6,804
15 years$12,702$10,872$9,271$7,879$6,676$5,936
16 years$11,785$9,975$8,406$7,055$5,900$5,197
17 years$10,976$9,187$7,649$6,339$5,232$4,564
18 years$10,259$8,489$6,982$5,712$4,652$4,019
19 years$9,617$7,868$6,392$5,162$4,146$3,547
20 years$9,040$7,311$5,866$4,675$3,703$3,137
21 years$8,519$6,810$5,396$4,243$3,314$2,779
22 years$8,046$6,357$4,973$3,858$2,971$2,465
23 years$7,615$5,945$4,592$3,513$2,667$2,190
24 years$7,220$5,570$4,247$3,204$2,397$1,948
25 years$6,858$5,227$3,933$2,926$2,157$1,734
26 years$6,524$4,913$3,648$2,676$1,943$1,545
27 years$6,215$4,624$3,387$2,449$1,752$1,378
28 years$5,929$4,357$3,149$2,244$1,580$1,230
29 years$5,662$4,110$2,930$2,058$1,427$1,098
30 years$5,415$3,882$2,730$1,888$1,289$981
31 years$5,183$3,669$2,545$1,734$1,166$877
32 years$4,967$3,472$2,374$1,594$1,055$784
33 years$4,764$3,288$2,217$1,466$954$702
34 years$4,573$3,116$2,071$1,349$864$628
35 years$4,394$2,956$1,937$1,242$783$562
36 years$4,225$2,806$1,812$1,143$709$504
37 years$4,065$2,665$1,696$1,053$643$451
38 years$3,914$2,532$1,588$971$583$404
39 years$3,772$2,408$1,488$895$528$362
40 years$3,637$2,291$1,394$826$479$325
41 years$3,508$2,181$1,307$762$435$291
42 years$3,387$2,077$1,226$703$395$261
43 years$3,271$1,979$1,151$649$358$234
44 years$3,160$1,886$1,080$599$325$210
45 years$3,055$1,799$1,014$554$295$188
46 years$2,955$1,716$953$511$268$169
47 years$2,860$1,638$895$472$243$151
48 years$2,768$1,563$841$436$221$136
49 years$2,681$1,493$791$403$201$122
50 years$2,597$1,426$743$373$182$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,660,000, adding $2,666 every year, while hoping to spend $40,023 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: 42/31/27 Blend
56$2,660,000$2,660,000$2,660,000$2,660,000
57$2,934,070$2,793,090$2,751,860$3,033,998
58$3,190,761$2,887,367$2,801,463$3,200,345
59$3,472,293$2,984,923$2,851,387$3,376,395
60$3,781,158$3,085,875$2,901,599$3,566,282
61$4,120,099$3,190,346$2,952,066$3,771,309
62$4,492,141$3,298,464$3,002,751$3,992,906
63$4,900,612$3,410,362$3,053,616$4,232,647
64$5,349,181$3,526,176$3,104,619$4,492,261
65$5,841,888$3,646,049$3,155,714$4,773,653
66$6,383,184$3,770,130$3,206,855$5,078,919
67$6,977,974$3,898,571$3,257,989$5,410,363
68$7,631,659$4,031,532$3,309,063$5,770,523
69$8,350,190$4,169,180$3,360,019$6,162,192
70$9,140,125$4,311,685$3,410,795$6,588,442
71$10,008,687$4,459,227$3,461,327$7,052,658
72$10,963,835$4,611,991$3,511,543$7,558,563
73$12,014,338$4,770,170$3,561,371$8,110,259
74$13,169,855$4,933,963$3,610,732$8,712,259
75$14,441,032$5,103,579$3,659,543$9,369,537
76$15,839,597$5,279,234$3,707,717$10,087,565
77$17,378,471$5,461,151$3,755,160$10,872,371
78$19,071,892$5,649,564$3,801,775$11,730,594
79$20,935,547$5,844,716$3,847,457$12,669,544
80$22,986,723$6,046,857$3,892,097$13,697,273
81$25,244,464$6,256,248$3,935,578$14,822,650
82$27,729,758$6,473,163$3,977,778$16,055,441
83$30,465,728$6,697,883$4,018,568$17,406,406
84$33,477,854$6,930,701$4,057,812$18,887,395
85$36,794,213$7,171,923$4,095,367$20,511,462
86$40,445,741$7,421,866$4,131,080$22,292,988
87$44,466,529$7,680,859$4,164,793$24,247,813
88$48,894,139$7,949,246$4,196,338$26,393,388
89$53,769,965$8,227,382$4,225,539$28,748,939
90$59,139,616$8,515,639$4,252,209$31,335,644
91$65,053,353$8,814,401$4,276,155$34,176,837
92$71,566,559$9,124,070$4,297,169$37,298,225
93$78,740,260$9,445,062$4,315,037$40,728,128
94$86,641,708$9,777,811$4,329,532$44,497,752
95$95,345,006$10,122,768$4,340,415$48,641,475
96$104,931,815$10,480,402$4,347,437$53,197,176
97$115,492,119$10,851,200$4,350,335$58,206,588
98$127,125,078$11,235,672$4,348,834$63,715,696
99$139,939,961$11,634,345$4,342,645$69,775,165
100$154,057,178$12,047,769$4,331,465$76,440,820