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%11%
1 years$223,789$221,796$219,851$217,953$216,099$215,189
2 years$110,787$108,723$106,724$104,785$102,904$101,985
3 years$73,124$71,052$69,057$67,137$65,287$64,387
4 years$54,297$52,231$50,256$48,368$46,563$45,690
5 years$43,003$40,950$39,001$37,151$35,397$34,553
6 years$35,476$33,438$31,518$29,710$28,008$27,195
7 years$30,102$28,081$26,192$24,426$22,778$21,996
8 years$26,074$24,071$22,213$20,491$18,897$18,145
9 years$22,942$20,958$19,132$17,454$15,914$15,193
10 years$20,438$18,474$16,680$15,045$13,559$12,869
11 years$18,391$16,446$14,684$13,094$11,661$11,001
12 years$16,686$14,761$13,032$11,485$10,106$9,474
13 years$15,244$13,340$11,643$10,140$8,812$8,210
14 years$14,010$12,125$10,462$9,001$7,725$7,150
15 years$12,941$11,077$9,445$8,027$6,801$6,255
16 years$12,006$10,163$8,564$7,187$6,011$5,491
17 years$11,183$9,359$7,793$6,458$5,330$4,836
18 years$10,451$8,649$7,114$5,820$4,739$4,270
19 years$9,798$8,015$6,512$5,259$4,224$3,779
20 years$9,210$7,448$5,977$4,763$3,773$3,352
21 years$8,680$6,938$5,497$4,322$3,376$2,978
22 years$8,198$6,476$5,067$3,930$3,026$2,650
23 years$7,758$6,057$4,678$3,579$2,717$2,361
24 years$7,356$5,675$4,326$3,264$2,442$2,106
25 years$6,987$5,326$4,007$2,981$2,197$1,881
26 years$6,646$5,005$3,716$2,726$1,979$1,681
27 years$6,332$4,711$3,451$2,495$1,784$1,504
28 years$6,040$4,439$3,208$2,286$1,610$1,346
29 years$5,769$4,187$2,985$2,096$1,454$1,206
30 years$5,516$3,955$2,781$1,924$1,314$1,081
31 years$5,281$3,738$2,593$1,767$1,188$970
32 years$5,060$3,537$2,419$1,624$1,074$870
33 years$4,853$3,350$2,259$1,493$972$781
34 years$4,659$3,175$2,110$1,374$880$701
35 years$4,476$3,011$1,973$1,265$797$630
36 years$4,304$2,858$1,846$1,165$722$566
37 years$4,142$2,715$1,727$1,073$655$509
38 years$3,988$2,580$1,618$989$594$457
39 years$3,843$2,453$1,516$912$538$411
40 years$3,705$2,334$1,421$841$488$370
41 years$3,574$2,222$1,332$776$443$333
42 years$3,450$2,116$1,250$716$402$299
43 years$3,332$2,016$1,172$661$365$269
44 years$3,220$1,922$1,101$611$331$242
45 years$3,113$1,833$1,033$564$301$218
46 years$3,011$1,748$971$521$273$196
47 years$2,913$1,668$912$481$248$177
48 years$2,820$1,593$857$445$225$159
49 years$2,731$1,521$805$411$204$143
50 years$2,646$1,453$757$380$186$129

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 $3,346 every year, while hoping to spend $29,678 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: 45/26/29 Blend
56$2,710,000$2,710,000$2,710,000$2,710,000
57$2,989,871$2,846,241$2,804,236$3,099,197
58$3,263,261$2,954,130$2,866,601$3,285,282
59$3,563,542$3,066,311$2,930,060$3,483,876
60$3,893,425$3,182,962$2,994,620$3,698,700
61$4,255,899$3,304,271$3,060,283$3,931,289
62$4,654,252$3,430,432$3,127,055$4,183,329
63$5,092,112$3,561,650$3,194,937$4,456,674
64$5,573,472$3,698,135$3,263,932$4,753,364
65$6,102,733$3,840,110$3,334,040$5,075,640
66$6,684,742$3,987,806$3,405,261$5,425,972
67$7,324,842$4,141,464$3,477,593$5,807,072
68$8,028,916$4,301,337$3,551,034$6,221,928
69$8,803,450$4,467,687$3,625,578$6,673,824
70$9,655,587$4,640,789$3,701,220$7,166,377
71$10,593,200$4,820,930$3,777,953$7,703,568
72$11,624,960$5,008,409$3,855,768$8,289,775
73$12,760,424$5,203,539$3,934,654$8,929,819
74$14,010,121$5,406,647$4,014,600$9,629,009
75$15,385,654$5,618,073$4,095,589$10,393,185
76$16,899,806$5,838,174$4,177,607$11,228,781
77$18,566,663$6,067,321$4,260,633$12,142,876
78$20,401,746$6,305,904$4,344,648$13,143,268
79$22,422,159$6,554,327$4,429,628$14,238,542
80$24,646,745$6,813,016$4,515,547$15,438,151
81$27,096,272$7,082,412$4,602,377$16,752,505
82$29,793,620$7,362,979$4,690,085$18,193,068
83$32,764,004$7,655,200$4,778,638$19,772,465
84$36,035,208$7,959,579$4,867,997$21,504,601
85$39,637,846$8,276,646$4,958,122$23,404,791
86$43,605,656$8,606,951$5,048,968$25,489,900
87$47,975,811$8,951,070$5,140,487$27,778,507
88$52,789,277$9,309,606$5,232,627$30,291,075
89$58,091,195$9,683,188$5,325,332$33,050,144
90$63,931,307$10,072,475$5,418,540$36,080,543
91$70,364,427$10,478,152$5,512,188$39,409,623
92$77,450,957$10,900,940$5,606,205$43,067,512
93$85,257,458$11,341,590$5,700,516$47,087,400
94$93,857,277$11,800,886$5,795,042$51,505,851
95$103,331,240$12,279,650$5,889,696$56,363,143
96$113,768,413$12,778,739$5,984,387$61,703,654
97$125,266,945$13,299,052$6,079,018$67,576,269
98$137,934,994$13,841,525$6,173,486$74,034,850
99$151,891,744$14,407,141$6,267,679$81,138,735
100$167,268,535$14,996,924$6,361,479$88,953,299