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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$223,789$221,796$219,851$217,953$216,099$213,487
2 years$110,787$108,723$106,724$104,785$102,904$100,276
3 years$73,124$71,052$69,057$67,137$65,287$62,723
4 years$54,297$52,231$50,256$48,368$46,563$44,084
5 years$43,003$40,950$39,001$37,151$35,397$33,010
6 years$35,476$33,438$31,518$29,710$28,008$25,716
7 years$30,102$28,081$26,192$24,426$22,778$20,582
8 years$26,074$24,071$22,213$20,491$18,897$16,796
9 years$22,942$20,958$19,132$17,454$15,914$13,908
10 years$20,438$18,474$16,680$15,045$13,559$11,647
11 years$18,391$16,446$14,684$13,094$11,661$9,840
12 years$16,686$14,761$13,032$11,485$10,106$8,374
13 years$15,244$13,340$11,643$10,140$8,812$7,168
14 years$14,010$12,125$10,462$9,001$7,725$6,166
15 years$12,941$11,077$9,445$8,027$6,801$5,325
16 years$12,006$10,163$8,564$7,187$6,011$4,615
17 years$11,183$9,359$7,793$6,458$5,330$4,011
18 years$10,451$8,649$7,114$5,820$4,739$3,494
19 years$9,798$8,015$6,512$5,259$4,224$3,051
20 years$9,210$7,448$5,977$4,763$3,773$2,668
21 years$8,680$6,938$5,497$4,322$3,376$2,338
22 years$8,198$6,476$5,067$3,930$3,026$2,051
23 years$7,758$6,057$4,678$3,579$2,717$1,801
24 years$7,356$5,675$4,326$3,264$2,442$1,583
25 years$6,987$5,326$4,007$2,981$2,197$1,393
26 years$6,646$5,005$3,716$2,726$1,979$1,227
27 years$6,332$4,711$3,451$2,495$1,784$1,081
28 years$6,040$4,439$3,208$2,286$1,610$953
29 years$5,769$4,187$2,985$2,096$1,454$841
30 years$5,516$3,955$2,781$1,924$1,314$743
31 years$5,281$3,738$2,593$1,767$1,188$656
32 years$5,060$3,537$2,419$1,624$1,074$579
33 years$4,853$3,350$2,259$1,493$972$512
34 years$4,659$3,175$2,110$1,374$880$452
35 years$4,476$3,011$1,973$1,265$797$400
36 years$4,304$2,858$1,846$1,165$722$354
37 years$4,142$2,715$1,727$1,073$655$313
38 years$3,988$2,580$1,618$989$594$277
39 years$3,843$2,453$1,516$912$538$245
40 years$3,705$2,334$1,421$841$488$217
41 years$3,574$2,222$1,332$776$443$192
42 years$3,450$2,116$1,250$716$402$170
43 years$3,332$2,016$1,172$661$365$150
44 years$3,220$1,922$1,101$611$331$133
45 years$3,113$1,833$1,033$564$301$118
46 years$3,011$1,748$971$521$273$104
47 years$2,913$1,668$912$481$248$92
48 years$2,820$1,593$857$445$225$82
49 years$2,731$1,521$805$411$204$72
50 years$2,646$1,453$757$380$186$64

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 $6,153 every year, while hoping to spend $48,191 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: 66/12/22 Blend
56$2,710,000$2,710,000$2,710,000$2,710,000
57$2,992,767$2,849,137$2,807,132$3,173,095
58$3,246,754$2,937,470$2,849,896$3,383,310
59$3,525,033$3,028,516$2,892,477$3,606,981
60$3,830,030$3,122,357$2,934,819$3,850,385
61$4,164,419$3,219,078$2,976,861$4,115,466
62$4,531,143$3,318,765$3,018,539$4,404,359
63$4,933,443$3,421,509$3,059,784$4,719,419
64$5,374,893$3,527,401$3,100,525$5,063,239
65$5,859,425$3,636,537$3,140,686$5,438,675
66$6,391,372$3,749,013$3,180,184$5,848,871
67$6,975,508$3,864,931$3,218,937$6,297,295
68$7,617,090$3,984,393$3,256,852$6,787,761
69$8,321,912$4,107,507$3,293,835$7,324,476
70$9,096,353$4,234,381$3,329,784$7,912,070
71$9,947,444$4,365,129$3,364,595$8,555,648
72$10,882,930$4,499,866$3,398,155$9,260,831
73$11,911,341$4,638,712$3,430,346$10,033,814
74$13,042,078$4,781,789$3,461,043$10,881,419
75$14,285,498$4,929,225$3,490,116$11,811,166
76$15,653,010$5,081,148$3,517,426$12,831,339
77$17,157,185$5,237,693$3,542,828$13,951,065
78$18,811,875$5,398,996$3,566,170$15,180,401
79$20,632,340$5,565,201$3,587,290$16,530,427
80$22,635,395$5,736,451$3,606,020$18,013,354
81$24,839,565$5,912,898$3,622,182$19,642,634
82$27,265,265$6,094,694$3,635,589$21,433,093
83$29,934,986$6,281,998$3,646,045$23,401,064
84$32,873,512$6,474,973$3,653,345$25,564,546
85$36,108,149$6,673,786$3,657,271$27,943,373
86$39,668,988$6,878,610$3,657,598$30,559,401
87$43,589,184$7,089,620$3,654,086$33,436,712
88$47,905,269$7,307,000$3,646,487$36,601,843
89$52,657,500$7,530,937$3,634,538$40,084,037
90$57,890,234$7,761,621$3,617,963$43,915,520
91$63,652,349$7,999,252$3,596,477$48,131,800
92$69,997,706$8,244,032$3,569,775$52,772,009
93$76,985,652$8,496,171$3,537,543$57,879,266
94$84,681,587$8,755,881$3,499,449$63,501,089
95$93,157,574$9,023,384$3,455,146$69,689,842
96$102,493,024$9,298,907$3,404,270$76,503,226
97$112,775,440$9,582,682$3,346,442$84,004,830
98$124,101,250$9,874,948$3,281,262$92,264,724
99$136,576,707$10,175,950$3,208,314$101,360,127
100$150,318,900$10,485,941$3,127,162$111,376,134