Can I retire at age 57 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$222,963$220,977$219,040$217,149$215,302$213,945
2 years$110,378$108,322$106,330$104,398$102,525$101,156
3 years$72,854$70,790$68,803$66,889$65,046$63,708
4 years$54,096$52,038$50,071$48,190$46,391$45,094
5 years$42,844$40,798$38,857$37,014$35,266$34,013
6 years$35,345$33,315$31,402$29,601$27,905$26,698
7 years$29,991$27,978$26,095$24,336$22,694$21,535
8 years$25,977$23,982$22,131$20,415$18,827$17,714
9 years$22,857$20,881$19,061$17,389$15,855$14,789
10 years$20,362$18,405$16,618$14,990$13,509$12,490
11 years$18,323$16,385$14,630$13,045$11,618$10,644
12 years$16,624$14,707$12,984$11,443$10,068$9,138
13 years$15,188$13,290$11,600$10,102$8,780$7,894
14 years$13,958$12,081$10,423$8,968$7,696$6,853
15 years$12,893$11,036$9,411$7,997$6,776$5,974
16 years$11,962$10,125$8,532$7,161$5,989$5,227
17 years$11,141$9,325$7,764$6,434$5,310$4,588
18 years$10,413$8,617$7,087$5,798$4,722$4,037
19 years$9,762$7,986$6,488$5,239$4,208$3,560
20 years$9,176$7,421$5,954$4,745$3,759$3,146
21 years$8,648$6,912$5,477$4,307$3,364$2,785
22 years$8,167$6,452$5,048$3,916$3,015$2,469
23 years$7,730$6,035$4,661$3,566$2,707$2,191
24 years$7,329$5,654$4,310$3,252$2,433$1,948
25 years$6,961$5,306$3,992$2,970$2,189$1,733
26 years$6,622$4,987$3,703$2,716$1,972$1,543
27 years$6,308$4,693$3,438$2,486$1,778$1,375
28 years$6,018$4,422$3,196$2,278$1,604$1,226
29 years$5,748$4,172$2,974$2,089$1,449$1,094
30 years$5,496$3,940$2,771$1,917$1,309$976
31 years$5,261$3,725$2,583$1,760$1,183$872
32 years$5,041$3,524$2,410$1,618$1,070$779
33 years$4,835$3,338$2,250$1,488$969$697
34 years$4,642$3,163$2,102$1,369$877$623
35 years$4,460$3,000$1,966$1,260$794$557
36 years$4,288$2,848$1,839$1,161$720$499
37 years$4,126$2,705$1,721$1,069$652$446
38 years$3,973$2,570$1,612$986$591$400
39 years$3,829$2,444$1,510$909$536$358
40 years$3,691$2,325$1,415$838$486$320
41 years$3,561$2,214$1,327$773$441$287
42 years$3,437$2,108$1,245$714$400$257
43 years$3,320$2,009$1,168$659$363$230
44 years$3,208$1,915$1,097$608$330$206
45 years$3,101$1,826$1,030$562$299$185
46 years$3,000$1,742$967$519$272$166
47 years$2,903$1,662$909$479$247$148
48 years$2,810$1,587$854$443$224$133
49 years$2,721$1,515$802$409$204$119
50 years$2,636$1,447$754$378$185$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,700,000, adding $3,168 every year, while hoping to spend $29,322 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: 58/12/30 Blend
56$2,700,000$2,700,000$2,700,000$2,700,000
57$2,978,668$2,835,568$2,793,718$3,126,733
58$3,251,294$2,943,312$2,856,109$3,336,480
59$3,550,744$3,055,353$2,919,607$3,561,742
60$3,879,725$3,171,871$2,984,219$3,806,790
61$4,241,217$3,293,052$3,049,950$4,073,554
62$4,638,502$3,419,093$3,116,805$4,364,158
63$5,075,198$3,550,197$3,184,786$4,680,941
64$5,555,289$3,686,577$3,253,897$5,026,477
65$6,083,165$3,828,456$3,324,140$5,403,602
66$6,663,664$3,976,067$3,395,514$5,815,436
67$7,302,114$4,129,650$3,468,021$6,265,417
68$8,004,387$4,289,461$3,541,657$6,757,327
69$8,776,952$4,455,762$3,616,420$7,295,334
70$9,626,936$4,628,829$3,692,305$7,884,027
71$10,562,193$4,808,951$3,769,306$8,528,461
72$11,591,375$4,996,428$3,847,416$9,234,201
73$12,724,016$5,191,574$3,926,626$10,007,378
74$13,970,622$5,394,717$4,006,924$10,854,745
75$15,342,768$5,606,201$4,088,298$11,783,738
76$16,853,207$5,826,382$4,170,733$12,802,551
77$18,515,994$6,055,634$4,254,213$13,920,208
78$20,346,614$6,294,348$4,338,717$15,146,650
79$22,362,129$6,542,932$4,424,225$16,492,827
80$24,581,342$6,801,812$4,510,712$17,970,804
81$27,024,971$7,071,432$4,598,153$19,593,870
82$29,715,844$7,352,258$4,686,517$21,376,667
83$32,679,117$7,644,776$4,775,772$23,335,324
84$35,942,510$7,949,493$4,865,884$25,487,611
85$39,536,569$8,266,941$4,956,813$27,853,108
86$43,494,950$8,597,673$5,048,518$30,453,383
87$47,854,745$8,942,268$5,140,953$33,312,203
88$52,656,823$9,301,334$5,234,070$36,455,750
89$57,946,221$9,675,501$5,327,813$39,912,875
90$63,772,568$10,065,433$5,422,127$43,715,362
91$70,190,550$10,471,819$5,516,949$47,898,234
92$77,260,432$10,895,384$5,612,212$52,500,080
93$85,048,621$11,336,883$5,707,846$57,563,418
94$93,628,296$11,797,105$5,803,774$63,135,096
95$103,080,095$12,276,877$5,899,914$69,266,736
96$113,492,883$12,777,062$5,996,179$76,015,215
97$124,964,581$13,298,562$6,092,475$83,443,209
98$137,603,098$13,842,321$6,188,702$91,619,774
99$151,527,346$14,409,327$6,284,756$100,621,008
100$166,868,362$15,000,611$6,380,522$110,530,758