Can I retire at age 57 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$225,441$223,433$221,474$219,561$217,694$216,413
2 years$111,604$109,526$107,511$105,558$103,664$102,371
3 years$73,664$71,576$69,567$67,632$65,769$64,505
4 years$54,697$52,616$50,627$48,725$46,907$45,681
5 years$43,320$41,252$39,289$37,426$35,658$34,474
6 years$35,738$33,685$31,751$29,930$28,215$27,075
7 years$30,324$28,289$26,385$24,607$22,946$21,850
8 years$26,266$24,249$22,377$20,642$19,036$17,984
9 years$23,111$21,113$19,273$17,582$16,031$15,023
10 years$20,589$18,610$16,803$15,156$13,659$12,695
11 years$18,526$16,567$14,793$13,190$11,747$10,826
12 years$16,809$14,870$13,128$11,570$10,180$9,300
13 years$15,357$13,438$11,729$10,214$8,877$8,038
14 years$14,113$12,215$10,539$9,067$7,782$6,983
15 years$13,036$11,158$9,515$8,086$6,852$6,092
16 years$12,095$10,238$8,627$7,240$6,056$5,334
17 years$11,265$9,429$7,850$6,505$5,369$4,684
18 years$10,529$8,712$7,166$5,863$4,774$4,125
19 years$9,870$8,075$6,560$5,297$4,255$3,640
20 years$9,278$7,503$6,021$4,798$3,801$3,219
21 years$8,744$6,989$5,538$4,354$3,401$2,852
22 years$8,258$6,524$5,104$3,959$3,049$2,530
23 years$7,816$6,102$4,713$3,606$2,737$2,247
24 years$7,410$5,717$4,358$3,289$2,460$1,999
25 years$7,038$5,365$4,037$3,003$2,214$1,780
26 years$6,695$5,042$3,744$2,746$1,994$1,586
27 years$6,378$4,745$3,477$2,514$1,798$1,414
28 years$6,085$4,472$3,232$2,303$1,622$1,262
29 years$5,811$4,218$3,008$2,112$1,465$1,127
30 years$5,557$3,984$2,801$1,938$1,323$1,007
31 years$5,320$3,766$2,612$1,780$1,196$900
32 years$5,097$3,563$2,437$1,636$1,082$805
33 years$4,889$3,375$2,275$1,504$979$720
34 years$4,693$3,198$2,126$1,384$887$645
35 years$4,509$3,034$1,987$1,274$803$577
36 years$4,336$2,879$1,859$1,173$728$517
37 years$4,172$2,735$1,740$1,081$660$463
38 years$4,017$2,599$1,630$997$598$415
39 years$3,871$2,471$1,527$919$542$372
40 years$3,732$2,351$1,431$848$492$333
41 years$3,601$2,238$1,342$782$446$299
42 years$3,476$2,132$1,259$722$405$268
43 years$3,357$2,031$1,181$666$367$240
44 years$3,244$1,936$1,109$615$334$215
45 years$3,136$1,846$1,041$568$303$193
46 years$3,033$1,761$978$525$275$173
47 years$2,935$1,681$919$485$250$155
48 years$2,841$1,604$863$448$227$139
49 years$2,751$1,532$811$414$206$125
50 years$2,665$1,464$763$383$187$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,730,000, adding $5,271 every year, while hoping to spend $35,596 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: 73/10/17 Blend
56$2,730,000$2,730,000$2,730,000$2,730,000
57$3,013,897$2,869,207$2,826,892$3,221,748
58$3,283,441$2,971,924$2,883,719$3,463,028
59$3,579,285$3,078,482$2,941,257$3,722,411
60$3,904,074$3,189,030$2,999,491$4,005,624
61$4,260,723$3,303,725$3,058,407$4,315,024
62$4,652,440$3,422,732$3,117,988$4,653,209
63$5,082,763$3,546,219$3,178,214$5,023,035
64$5,555,584$3,674,363$3,239,064$5,427,654
65$6,075,197$3,807,350$3,300,515$5,870,530
66$6,646,328$3,945,371$3,362,543$6,355,485
67$7,274,185$4,088,626$3,425,120$6,886,723
68$7,964,506$4,237,323$3,488,216$7,468,877
69$8,723,614$4,391,680$3,551,799$8,107,050
70$9,558,472$4,551,922$3,615,834$8,806,863
71$10,476,755$4,718,285$3,680,283$9,574,507
72$11,486,917$4,891,014$3,745,106$10,416,802
73$12,598,274$5,070,365$3,810,259$11,341,262
74$13,821,090$5,256,605$3,875,694$12,356,163
75$15,166,673$5,450,011$3,941,362$13,470,624
76$16,647,485$5,650,872$4,007,209$14,694,689
77$18,277,255$5,859,491$4,073,177$16,039,425
78$20,071,110$6,076,182$4,139,203$17,517,024
79$22,045,720$6,301,271$4,205,224$19,140,919
80$24,219,452$6,535,103$4,271,168$20,925,909
81$26,612,545$6,778,031$4,336,960$22,888,300
82$29,247,298$7,030,428$4,402,522$25,046,056
83$32,148,285$7,292,682$4,467,769$27,418,971
84$35,342,582$7,565,195$4,532,611$30,028,855
85$38,860,026$7,848,389$4,596,953$32,899,736
86$42,733,492$8,142,704$4,660,695$36,058,092
87$46,999,208$8,448,597$4,723,729$39,533,095
88$51,697,095$8,766,546$4,785,941$43,356,890
89$56,871,142$9,097,050$4,847,213$47,564,896
90$62,569,821$9,440,628$4,907,417$52,196,139
91$68,846,547$9,797,822$4,966,420$57,293,624
92$75,760,178$10,169,200$5,024,079$62,904,735
93$83,375,576$10,555,350$5,080,245$69,081,684
94$91,764,212$10,956,889$5,134,760$75,882,006
95$101,004,845$11,374,460$5,187,458$83,369,097
96$111,184,264$11,808,733$5,238,163$91,612,816
97$122,398,107$12,260,409$5,286,689$100,690,140
98$134,751,762$12,730,218$5,332,842$110,685,894
99$148,361,366$13,218,923$5,376,416$121,693,548
100$163,354,895$13,727,319$5,417,195$133,816,099