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%18.8%
1 years$224,615$222,614$220,662$218,757$216,897$209,201
2 years$111,196$109,125$107,118$105,172$103,284$95,613
3 years$73,394$71,314$69,312$67,384$65,528$58,122
4 years$54,497$52,423$50,442$48,547$46,735$39,651
5 years$43,162$41,101$39,145$37,289$35,527$28,784
6 years$35,607$33,562$31,635$29,820$28,111$21,714
7 years$30,213$28,185$26,289$24,517$22,862$16,809
8 years$26,170$24,160$22,295$20,566$18,966$13,253
9 years$23,027$21,035$19,203$17,518$15,972$10,591
10 years$20,513$18,542$16,741$15,101$13,609$8,551
11 years$18,458$16,507$14,739$13,142$11,704$6,958
12 years$16,747$14,815$13,080$11,527$10,143$5,697
13 years$15,300$13,389$11,686$10,177$8,845$4,688
14 years$14,061$12,170$10,500$9,034$7,753$3,873
15 years$12,988$11,118$9,480$8,057$6,827$3,210
16 years$12,051$10,200$8,595$7,214$6,033$2,668
17 years$11,224$9,394$7,821$6,482$5,350$2,222
18 years$10,490$8,680$7,140$5,841$4,757$1,854
19 years$9,834$8,045$6,536$5,278$4,240$1,549
20 years$9,244$7,476$5,999$4,780$3,787$1,296
21 years$8,712$6,963$5,518$4,338$3,389$1,085
22 years$8,228$6,500$5,085$3,945$3,038$909
23 years$7,787$6,079$4,695$3,592$2,727$763
24 years$7,383$5,696$4,342$3,277$2,451$640
25 years$7,013$5,345$4,022$2,992$2,205$537
26 years$6,671$5,024$3,730$2,736$1,987$451
27 years$6,355$4,728$3,464$2,504$1,791$379
28 years$6,062$4,455$3,220$2,295$1,616$319
29 years$5,790$4,203$2,997$2,104$1,459$268
30 years$5,537$3,969$2,791$1,931$1,319$225
31 years$5,300$3,752$2,602$1,774$1,192$189
32 years$5,079$3,550$2,428$1,630$1,078$159
33 years$4,871$3,362$2,267$1,499$976$134
34 years$4,676$3,187$2,118$1,379$884$113
35 years$4,493$3,023$1,980$1,270$800$95
36 years$4,320$2,869$1,852$1,169$725$80
37 years$4,157$2,725$1,734$1,077$657$67
38 years$4,003$2,589$1,624$993$596$57
39 years$3,857$2,462$1,521$916$540$48
40 years$3,719$2,343$1,426$844$490$40
41 years$3,588$2,230$1,337$779$445$34
42 years$3,463$2,124$1,254$719$403$28
43 years$3,345$2,024$1,177$664$366$24
44 years$3,232$1,929$1,105$613$332$20
45 years$3,124$1,839$1,037$566$302$17
46 years$3,022$1,755$974$523$274$14
47 years$2,924$1,674$915$483$249$12
48 years$2,831$1,599$860$446$226$10
49 years$2,741$1,526$808$412$205$8
50 years$2,656$1,458$760$381$186$7

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 $2,789 every year, while hoping to spend $20,765 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: 87/8/5 Blend
56$2,720,000$2,720,000$2,720,000$2,720,000
57$3,000,317$2,856,157$2,813,997$3,261,354
58$3,284,255$2,974,015$2,886,172$3,549,553
59$3,596,460$3,096,952$2,960,069$3,863,077
60$3,939,791$3,225,195$3,035,724$4,206,982
61$4,317,401$3,358,981$3,113,172$4,584,312
62$4,732,764$3,498,559$3,192,452$4,998,419
63$5,189,707$3,644,189$3,273,599$5,452,997
64$5,692,444$3,796,142$3,356,652$5,952,112
65$6,245,623$3,954,702$3,441,649$6,500,244
66$6,854,361$4,120,167$3,528,629$7,102,327
67$7,524,298$4,292,847$3,617,630$7,763,798
68$8,261,649$4,473,069$3,708,694$8,490,642
69$9,073,261$4,661,173$3,801,858$9,289,456
70$9,966,678$4,857,515$3,897,165$10,167,505
71$10,950,214$5,062,469$3,994,655$11,132,793
72$12,033,029$5,276,423$4,094,369$12,194,138
73$13,225,217$5,499,786$4,196,350$13,361,252
74$14,537,900$5,732,987$4,300,638$14,644,837
75$15,983,333$5,976,471$4,407,277$16,056,684
76$17,575,022$6,230,706$4,516,309$17,609,780
77$19,327,846$6,496,183$4,627,778$19,318,437
78$21,258,204$6,773,414$4,741,726$21,198,420
79$23,384,165$7,062,935$4,858,198$23,267,100
80$25,725,638$7,365,307$4,977,236$25,543,617
81$28,304,565$7,681,119$5,098,885$28,049,057
82$31,145,122$8,010,985$5,223,189$30,806,652
83$34,273,951$8,355,550$5,350,193$33,842,003
84$37,720,410$8,715,487$5,479,939$37,183,313
85$41,516,848$9,091,503$5,612,474$40,861,662
86$45,698,915$9,484,335$5,747,841$44,911,290
87$50,305,895$9,894,758$5,886,083$49,369,928
88$55,381,076$10,323,581$6,027,247$54,279,150
89$60,972,160$10,771,651$6,171,374$59,684,763
90$67,131,715$11,239,856$6,318,510$65,637,241
91$73,917,667$11,729,126$6,468,697$72,192,202
92$81,393,849$12,240,434$6,621,979$79,410,930
93$89,630,604$12,774,797$6,778,397$87,360,951
94$98,705,448$13,333,284$6,937,996$96,116,677
95$108,703,800$13,917,012$7,100,815$105,760,097
96$119,719,791$14,527,149$7,266,896$116,381,561
97$131,857,152$15,164,922$7,436,279$128,080,622
98$145,230,191$15,831,612$7,609,004$140,966,984
99$159,964,874$16,528,565$7,785,109$155,161,529
100$176,200,012$17,257,185$7,964,631$170,797,462