Can I retire at age 57 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$224,615$222,614$220,662$218,757$216,897$214,453
2 years$111,196$109,125$107,118$105,172$103,284$100,824
3 years$73,394$71,314$69,312$67,384$65,528$63,128
4 years$54,497$52,423$50,442$48,547$46,735$44,413
5 years$43,162$41,101$39,145$37,289$35,527$33,291
6 years$35,607$33,562$31,635$29,820$28,111$25,963
7 years$30,213$28,185$26,289$24,517$22,862$20,803
8 years$26,170$24,160$22,295$20,566$18,966$16,996
9 years$23,027$21,035$19,203$17,518$15,972$14,090
10 years$20,513$18,542$16,741$15,101$13,609$11,813
11 years$18,458$16,507$14,739$13,142$11,704$9,994
12 years$16,747$14,815$13,080$11,527$10,143$8,515
13 years$15,300$13,389$11,686$10,177$8,845$7,299
14 years$14,061$12,170$10,500$9,034$7,753$6,286
15 years$12,988$11,118$9,480$8,057$6,827$5,436
16 years$12,051$10,200$8,595$7,214$6,033$4,718
17 years$11,224$9,394$7,821$6,482$5,350$4,106
18 years$10,490$8,680$7,140$5,841$4,757$3,582
19 years$9,834$8,045$6,536$5,278$4,240$3,132
20 years$9,244$7,476$5,999$4,780$3,787$2,744
21 years$8,712$6,963$5,518$4,338$3,389$2,407
22 years$8,228$6,500$5,085$3,945$3,038$2,115
23 years$7,787$6,079$4,695$3,592$2,727$1,860
24 years$7,383$5,696$4,342$3,277$2,451$1,638
25 years$7,013$5,345$4,022$2,992$2,205$1,444
26 years$6,671$5,024$3,730$2,736$1,987$1,273
27 years$6,355$4,728$3,464$2,504$1,791$1,124
28 years$6,062$4,455$3,220$2,295$1,616$993
29 years$5,790$4,203$2,997$2,104$1,459$877
30 years$5,537$3,969$2,791$1,931$1,319$776
31 years$5,300$3,752$2,602$1,774$1,192$686
32 years$5,079$3,550$2,428$1,630$1,078$607
33 years$4,871$3,362$2,267$1,499$976$537
34 years$4,676$3,187$2,118$1,379$884$476
35 years$4,493$3,023$1,980$1,270$800$421
36 years$4,320$2,869$1,852$1,169$725$373
37 years$4,157$2,725$1,734$1,077$657$331
38 years$4,003$2,589$1,624$993$596$293
39 years$3,857$2,462$1,521$916$540$260
40 years$3,719$2,343$1,426$844$490$230
41 years$3,588$2,230$1,337$779$445$204
42 years$3,463$2,124$1,254$719$403$181
43 years$3,345$2,024$1,177$664$366$160
44 years$3,232$1,929$1,105$613$332$142
45 years$3,124$1,839$1,037$566$302$126
46 years$3,022$1,755$974$523$274$112
47 years$2,924$1,674$915$483$249$99
48 years$2,831$1,599$860$446$226$88
49 years$2,741$1,526$808$412$205$78
50 years$2,656$1,458$760$381$186$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,720,000, adding $4,615 every year, while hoping to spend $51,737 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: 30/42/28 Blend
56$2,720,000$2,720,000$2,720,000$2,720,000
57$3,002,200$2,858,040$2,815,880$3,066,294
58$3,253,377$2,943,037$2,855,165$3,201,771
59$3,528,440$3,030,464$2,894,031$3,342,577
60$3,829,770$3,120,386$2,932,410$3,493,030
61$4,159,991$3,212,869$2,970,231$3,654,003
62$4,521,992$3,307,982$3,007,415$3,826,461
63$4,918,954$3,405,791$3,043,882$4,011,461
64$5,354,381$3,506,369$3,079,546$4,210,169
65$5,832,133$3,609,786$3,114,316$4,423,865
66$6,356,461$3,716,116$3,148,096$4,653,961
67$6,932,048$3,825,434$3,180,785$4,902,007
68$7,564,053$3,937,816$3,212,277$5,169,713
69$8,258,157$4,053,340$3,242,460$5,458,960
70$9,020,622$4,172,086$3,271,215$5,771,816
71$9,858,342$4,294,135$3,298,417$6,110,563
72$10,778,914$4,419,569$3,323,936$6,477,710
73$11,790,708$4,548,473$3,347,632$6,876,021
74$12,902,944$4,680,932$3,369,362$7,308,540
75$14,125,780$4,817,033$3,388,971$7,778,620
76$15,470,407$4,956,865$3,406,299$8,289,953
77$16,949,156$5,100,519$3,421,177$8,846,607
78$18,575,611$5,248,085$3,433,428$9,453,063
79$20,364,741$5,399,659$3,442,865$10,114,255
80$22,333,035$5,555,333$3,449,292$10,835,622
81$24,498,666$5,715,205$3,452,504$11,623,153
82$26,881,651$5,879,372$3,452,285$12,483,447
83$29,504,052$6,047,933$3,448,408$13,423,777
84$32,390,171$6,220,989$3,440,636$14,452,152
85$35,566,792$6,398,640$3,428,720$15,577,399
86$39,063,421$6,580,990$3,412,399$16,809,244
87$42,912,575$6,768,143$3,391,399$18,158,404
88$47,150,080$6,960,204$3,365,433$19,636,685
89$51,815,413$7,157,280$3,334,201$21,257,100
90$56,952,075$7,359,476$3,297,386$23,033,986
91$62,607,999$7,566,903$3,254,661$24,983,142
92$68,836,002$7,779,668$3,205,679$27,121,977
93$75,694,283$7,997,881$3,150,078$29,469,677
94$83,246,975$8,221,652$3,087,481$32,047,383
95$91,564,746$8,451,092$3,017,491$34,878,391
96$100,725,466$8,686,312$2,939,693$37,988,376
97$110,814,946$8,927,423$2,853,655$41,405,630
98$121,927,739$9,174,536$2,758,921$45,161,331
99$134,168,043$9,427,762$2,655,019$49,289,837
100$147,650,672$9,687,212$2,541,452$53,829,013