Can I retire at age 57 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$220,486$218,522$216,606$214,736$212,910$207,091
2 years$109,152$107,119$105,149$103,238$101,385$95,566
3 years$72,045$70,003$68,038$66,146$64,323$58,684
4 years$53,495$51,460$49,514$47,654$45,876$40,462
5 years$42,368$40,345$38,425$36,603$34,874$29,699
6 years$34,953$32,945$31,053$29,272$27,595$22,664
7 years$29,658$27,667$25,805$24,066$22,442$17,756
8 years$25,689$23,716$21,885$20,188$18,618$14,173
9 years$22,603$20,649$18,850$17,196$15,679$11,472
10 years$20,136$18,201$16,433$14,823$13,359$9,385
11 years$18,119$16,203$14,468$12,901$11,489$7,741
12 years$16,439$14,543$12,840$11,316$9,956$6,428
13 years$15,019$13,143$11,471$9,990$8,682$5,365
14 years$13,803$11,946$10,307$8,868$7,611$4,498
15 years$12,750$10,913$9,306$7,909$6,701$3,784
16 years$11,829$10,013$8,437$7,081$5,922$3,192
17 years$11,018$9,221$7,678$6,362$5,251$2,700
18 years$10,297$8,521$7,009$5,734$4,669$2,288
19 years$9,653$7,897$6,416$5,181$4,162$1,942
20 years$9,074$7,338$5,888$4,692$3,717$1,651
21 years$8,552$6,835$5,416$4,259$3,327$1,405
22 years$8,077$6,381$4,992$3,872$2,982$1,197
23 years$7,644$5,968$4,609$3,526$2,677$1,021
24 years$7,248$5,591$4,263$3,216$2,406$871
25 years$6,884$5,247$3,948$2,937$2,165$744
26 years$6,548$4,931$3,662$2,686$1,950$635
27 years$6,238$4,641$3,400$2,458$1,758$543
28 years$5,951$4,373$3,161$2,252$1,586$464
29 years$5,684$4,126$2,941$2,065$1,432$397
30 years$5,435$3,896$2,740$1,896$1,294$340
31 years$5,203$3,683$2,554$1,741$1,170$291
32 years$4,985$3,485$2,383$1,600$1,059$249
33 years$4,782$3,300$2,225$1,471$958$213
34 years$4,590$3,128$2,079$1,354$867$182
35 years$4,410$2,967$1,944$1,246$786$156
36 years$4,241$2,816$1,818$1,148$712$134
37 years$4,080$2,675$1,702$1,057$645$114
38 years$3,929$2,542$1,594$975$585$98
39 years$3,786$2,417$1,493$899$530$84
40 years$3,650$2,300$1,400$829$481$72
41 years$3,522$2,189$1,312$765$436$62
42 years$3,399$2,085$1,231$706$396$53
43 years$3,283$1,986$1,155$652$359$45
44 years$3,172$1,893$1,084$602$326$39
45 years$3,067$1,806$1,018$556$296$33
46 years$2,966$1,722$956$513$269$28
47 years$2,870$1,644$898$474$244$24
48 years$2,779$1,569$844$438$222$21
49 years$2,691$1,498$794$405$201$18
50 years$2,607$1,431$746$374$183$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,670,000, adding $6,461 every year, while hoping to spend $43,497 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: 32/42/26 Blend
56$2,670,000$2,670,000$2,670,000$2,670,000
57$2,949,005$2,807,495$2,766,110$3,019,731
58$3,203,523$2,898,781$2,812,494$3,165,447
59$3,482,544$2,993,083$2,858,974$3,317,968
60$3,788,521$3,090,502$2,905,508$3,481,386
61$4,124,157$3,191,144$2,952,049$3,656,687
62$4,492,428$3,295,117$2,998,549$3,844,957
63$4,896,612$3,402,534$3,044,957$4,047,387
64$5,340,320$3,513,512$3,091,217$4,265,287
65$5,827,531$3,628,172$3,137,271$4,500,098
66$6,362,626$3,746,639$3,183,056$4,753,403
67$6,950,432$3,869,043$3,228,507$5,026,944
68$7,596,267$3,995,517$3,273,553$5,322,638
69$8,305,990$4,126,201$3,318,121$5,642,589
70$9,086,053$4,261,237$3,362,130$5,989,118
71$9,943,568$4,400,776$3,405,499$6,364,775
72$10,886,368$4,544,969$3,448,139$6,772,366
73$11,923,083$4,693,978$3,489,957$7,214,979
74$13,063,221$4,847,967$3,530,855$7,696,015
75$14,317,260$5,007,107$3,570,728$8,219,216
76$15,696,739$5,171,575$3,609,467$8,788,699
77$17,214,379$5,341,554$3,646,956$9,409,000
78$18,884,189$5,517,233$3,683,072$10,085,111
79$20,721,609$5,698,811$3,717,688$10,822,528
80$22,743,650$5,886,489$3,750,668$11,627,303
81$24,969,055$6,080,480$3,781,868$12,506,100
82$27,418,476$6,281,001$3,811,138$13,466,259
83$30,114,669$6,488,279$3,838,319$14,515,861
84$33,082,709$6,702,547$3,863,246$15,663,807
85$36,350,223$6,924,050$3,885,743$16,919,901
86$39,947,656$7,153,039$3,905,626$18,294,938
87$43,908,553$7,389,773$3,922,700$19,800,812
88$48,269,877$7,634,525$3,936,762$21,450,623
89$53,072,361$7,887,572$3,947,600$23,258,800
90$58,360,884$8,149,206$3,954,987$25,241,237
91$64,184,904$8,419,727$3,958,689$27,415,443
92$70,598,918$8,699,447$3,958,458$29,800,709
93$77,662,976$8,988,688$3,954,035$32,418,283
94$85,443,251$9,287,786$3,945,147$35,291,575
95$94,012,662$9,597,086$3,931,509$38,446,375
96$103,451,560$9,916,950$3,912,821$41,911,096
97$113,848,489$10,247,750$3,888,770$45,717,043
98$125,301,017$10,589,873$3,859,026$49,898,706
99$137,916,663$10,943,718$3,823,246$54,494,082
100$151,813,905$11,309,703$3,781,067$59,545,039