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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$225,441$223,433$221,474$219,561$217,694$213,037
2 years$111,604$109,526$107,511$105,558$103,664$98,995
3 years$73,664$71,576$69,567$67,632$65,769$61,233
4 years$54,697$52,616$50,627$48,725$46,907$42,540
5 years$43,320$41,252$39,289$37,426$35,658$31,472
6 years$35,738$33,685$31,751$29,930$28,215$24,214
7 years$30,324$28,289$26,385$24,607$22,946$19,132
8 years$26,266$24,249$22,377$20,642$19,036$15,406
9 years$23,111$21,113$19,273$17,582$16,031$12,584
10 years$20,589$18,610$16,803$15,156$13,659$10,391
11 years$18,526$16,567$14,793$13,190$11,747$8,653
12 years$16,809$14,870$13,128$11,570$10,180$7,256
13 years$15,357$13,438$11,729$10,214$8,877$6,117
14 years$14,113$12,215$10,539$9,067$7,782$5,181
15 years$13,036$11,158$9,515$8,086$6,852$4,405
16 years$12,095$10,238$8,627$7,240$6,056$3,756
17 years$11,265$9,429$7,850$6,505$5,369$3,211
18 years$10,529$8,712$7,166$5,863$4,774$2,752
19 years$9,870$8,075$6,560$5,297$4,255$2,362
20 years$9,278$7,503$6,021$4,798$3,801$2,031
21 years$8,744$6,989$5,538$4,354$3,401$1,748
22 years$8,258$6,524$5,104$3,959$3,049$1,507
23 years$7,816$6,102$4,713$3,606$2,737$1,300
24 years$7,410$5,717$4,358$3,289$2,460$1,123
25 years$7,038$5,365$4,037$3,003$2,214$970
26 years$6,695$5,042$3,744$2,746$1,994$839
27 years$6,378$4,745$3,477$2,514$1,798$726
28 years$6,085$4,472$3,232$2,303$1,622$628
29 years$5,811$4,218$3,008$2,112$1,465$544
30 years$5,557$3,984$2,801$1,938$1,323$471
31 years$5,320$3,766$2,612$1,780$1,196$408
32 years$5,097$3,563$2,437$1,636$1,082$354
33 years$4,889$3,375$2,275$1,504$979$307
34 years$4,693$3,198$2,126$1,384$887$266
35 years$4,509$3,034$1,987$1,274$803$230
36 years$4,336$2,879$1,859$1,173$728$200
37 years$4,172$2,735$1,740$1,081$660$173
38 years$4,017$2,599$1,630$997$598$150
39 years$3,871$2,471$1,527$919$542$130
40 years$3,732$2,351$1,431$848$492$113
41 years$3,601$2,238$1,342$782$446$98
42 years$3,476$2,132$1,259$722$405$85
43 years$3,357$2,031$1,181$666$367$74
44 years$3,244$1,936$1,109$615$334$64
45 years$3,136$1,846$1,041$568$303$56
46 years$3,033$1,761$978$525$275$48
47 years$2,935$1,681$919$485$250$42
48 years$2,841$1,604$863$448$227$36
49 years$2,751$1,532$811$414$206$32
50 years$2,665$1,464$763$383$187$27

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 $3,604 every year, while hoping to spend $54,230 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: 61/11/28 Blend
56$2,730,000$2,730,000$2,730,000$2,730,000
57$3,012,178$2,867,488$2,825,173$3,172,988
58$3,261,719$2,950,294$2,862,116$3,365,709
59$3,534,897$3,035,341$2,898,479$3,569,820
60$3,834,064$3,122,680$2,934,185$3,791,481
61$4,161,812$3,212,364$2,969,154$4,032,417
62$4,520,995$3,304,449$3,003,299$4,294,527
63$4,914,758$3,398,988$3,036,530$4,579,906
64$5,346,562$3,496,037$3,068,753$4,890,860
65$5,820,220$3,595,652$3,099,865$5,229,929
66$6,339,934$3,697,890$3,129,762$5,599,914
67$6,910,329$3,802,809$3,158,331$6,003,897
68$7,536,501$3,910,465$3,185,454$6,445,279
69$8,224,064$4,020,918$3,211,007$6,927,804
70$8,979,203$4,134,227$3,234,859$7,455,597
71$9,808,729$4,250,451$3,256,874$8,033,206
72$10,720,146$4,369,650$3,276,906$8,665,639
73$11,721,721$4,491,884$3,294,803$9,358,418
74$12,822,564$4,617,213$3,310,406$10,117,626
75$14,032,707$4,745,698$3,323,546$10,949,966
76$15,363,205$4,877,399$3,334,047$11,862,826
77$16,826,237$5,012,377$3,341,723$12,864,347
78$18,435,222$5,150,693$3,346,380$13,963,499
79$20,204,945$5,292,406$3,347,813$15,170,169
80$22,151,692$5,437,577$3,345,808$16,495,252
81$24,293,412$5,586,266$3,340,140$17,950,752
82$26,649,879$5,738,531$3,330,573$19,549,903
83$29,242,878$5,894,432$3,316,859$21,307,285
84$32,096,418$6,054,024$3,298,740$23,238,967
85$35,236,947$6,217,366$3,275,942$25,362,658
86$38,693,611$6,384,513$3,248,182$27,697,874
87$42,498,524$6,555,518$3,215,160$30,266,122
88$46,687,070$6,730,435$3,176,564$33,091,105
89$51,298,239$6,909,314$3,132,067$36,198,944
90$56,374,993$7,092,204$3,081,326$39,618,426
91$61,964,673$7,279,153$3,023,981$43,381,276
92$68,119,442$7,470,204$2,959,657$47,522,455
93$74,896,781$7,665,400$2,887,961$52,080,496
94$82,360,026$7,864,778$2,808,481$57,097,859
95$90,578,972$8,068,375$2,720,788$62,621,343
96$99,630,523$8,276,222$2,624,431$68,702,517
97$109,599,427$8,488,347$2,518,940$75,398,219
98$120,579,067$8,704,774$2,403,822$82,771,082
99$132,672,345$8,925,522$2,278,564$90,890,134
100$145,992,656$9,150,604$2,142,627$99,831,447