Can I retire at age 57 with 2,710,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$223,789$221,796$219,851$217,953$216,099$212,958
2 years$110,787$108,723$106,724$104,785$102,904$99,746
3 years$73,124$71,052$69,057$67,137$65,287$62,210
4 years$54,297$52,231$50,256$48,368$46,563$43,591
5 years$43,003$40,950$39,001$37,151$35,397$32,538
6 years$35,476$33,438$31,518$29,710$28,008$25,267
7 years$30,102$28,081$26,192$24,426$22,778$20,154
8 years$26,074$24,071$22,213$20,491$18,897$16,391
9 years$22,942$20,958$19,132$17,454$15,914$13,524
10 years$20,438$18,474$16,680$15,045$13,559$11,284
11 years$18,391$16,446$14,684$13,094$11,661$9,498
12 years$16,686$14,761$13,032$11,485$10,106$8,052
13 years$15,244$13,340$11,643$10,140$8,812$6,866
14 years$14,010$12,125$10,462$9,001$7,725$5,882
15 years$12,941$11,077$9,445$8,027$6,801$5,059
16 years$12,006$10,163$8,564$7,187$6,011$4,366
17 years$11,183$9,359$7,793$6,458$5,330$3,779
18 years$10,451$8,649$7,114$5,820$4,739$3,278
19 years$9,798$8,015$6,512$5,259$4,224$2,849
20 years$9,210$7,448$5,977$4,763$3,773$2,481
21 years$8,680$6,938$5,497$4,322$3,376$2,164
22 years$8,198$6,476$5,067$3,930$3,026$1,890
23 years$7,758$6,057$4,678$3,579$2,717$1,652
24 years$7,356$5,675$4,326$3,264$2,442$1,446
25 years$6,987$5,326$4,007$2,981$2,197$1,266
26 years$6,646$5,005$3,716$2,726$1,979$1,110
27 years$6,332$4,711$3,451$2,495$1,784$973
28 years$6,040$4,439$3,208$2,286$1,610$854
29 years$5,769$4,187$2,985$2,096$1,454$750
30 years$5,516$3,955$2,781$1,924$1,314$659
31 years$5,281$3,738$2,593$1,767$1,188$579
32 years$5,060$3,537$2,419$1,624$1,074$509
33 years$4,853$3,350$2,259$1,493$972$447
34 years$4,659$3,175$2,110$1,374$880$393
35 years$4,476$3,011$1,973$1,265$797$346
36 years$4,304$2,858$1,846$1,165$722$304
37 years$4,142$2,715$1,727$1,073$655$268
38 years$3,988$2,580$1,618$989$594$236
39 years$3,843$2,453$1,516$912$538$207
40 years$3,705$2,334$1,421$841$488$183
41 years$3,574$2,222$1,332$776$443$161
42 years$3,450$2,116$1,250$716$402$142
43 years$3,332$2,016$1,172$661$365$125
44 years$3,220$1,922$1,101$611$331$110
45 years$3,113$1,833$1,033$564$301$97
46 years$3,011$1,748$971$521$273$85
47 years$2,913$1,668$912$481$248$75
48 years$2,820$1,593$857$445$225$66
49 years$2,731$1,521$805$411$204$58
50 years$2,646$1,453$757$380$186$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,710,000, adding $4,174 every year, while hoping to spend $46,675 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: 73/12/15 Blend
56$2,710,000$2,710,000$2,710,000$2,710,000
57$2,990,725$2,847,095$2,805,090$3,198,803
58$3,246,118$2,936,941$2,849,399$3,427,041
59$3,525,995$3,029,625$2,893,628$3,670,849
60$3,832,807$3,125,237$2,937,725$3,936,676
61$4,169,249$3,223,869$2,981,634$4,226,696
62$4,538,292$3,325,618$3,025,298$4,543,299
63$4,943,205$3,430,581$3,068,653$4,889,121
64$5,387,593$3,538,861$3,111,634$5,267,063
65$5,875,425$3,650,562$3,154,171$5,680,319
66$6,411,071$3,765,792$3,196,189$6,132,410
67$6,999,349$3,884,665$3,237,609$6,627,212
68$7,645,562$4,007,293$3,278,349$7,168,994
69$8,355,557$4,133,798$3,318,321$7,762,460
70$9,135,770$4,264,301$3,357,432$8,412,789
71$9,993,296$4,398,929$3,395,583$9,125,689
72$10,935,948$4,537,812$3,432,671$9,907,447
73$11,972,336$4,681,086$3,468,586$10,764,989
74$13,111,944$4,828,889$3,503,214$11,705,944
75$14,365,223$4,981,365$3,536,432$12,738,719
76$15,743,686$5,138,662$3,568,113$13,872,576
77$17,260,018$5,300,933$3,598,121$15,117,716
78$18,928,196$5,468,335$3,626,314$16,485,383
79$20,763,620$5,641,030$3,652,543$17,987,961
80$22,783,256$5,819,188$3,676,650$19,639,097
81$25,005,800$6,002,980$3,698,470$21,453,828
82$27,451,851$6,192,586$3,717,828$23,448,719
83$30,144,107$6,388,189$3,734,542$25,642,026
84$33,107,575$6,589,980$3,748,419$28,053,860
85$36,369,814$6,798,155$3,759,257$30,706,385
86$39,961,187$7,012,917$3,766,844$33,624,020
87$43,915,152$7,234,473$3,770,957$36,833,672
88$48,268,576$7,463,041$3,771,363$40,364,991
89$53,062,083$7,698,842$3,767,815$44,250,647
90$58,340,436$7,942,106$3,760,058$48,526,639
91$64,152,960$8,193,069$3,747,820$53,232,637
92$70,554,009$8,451,977$3,730,819$58,412,352
93$77,603,474$8,719,080$3,708,757$64,113,951
94$85,367,353$8,994,639$3,681,325$70,390,512
95$93,918,370$9,278,924$3,648,197$77,300,520
96$103,336,662$9,572,209$3,609,030$84,908,427
97$113,710,537$9,874,783$3,563,467$93,285,253
98$125,137,303$10,186,938$3,511,135$102,509,258
99$137,724,191$10,508,981$3,451,640$112,666,683
100$151,589,362$10,841,224$3,384,574$123,852,561