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%19.9%
1 years$225,441$223,433$221,474$219,561$217,694$209,057
2 years$111,604$109,526$107,511$105,558$103,664$95,069
3 years$73,664$71,576$69,567$67,632$65,769$57,487
4 years$54,697$52,616$50,627$48,725$46,907$39,001
5 years$43,320$41,252$39,289$37,426$35,658$28,148
6 years$35,738$33,685$31,751$29,930$28,215$21,106
7 years$30,324$28,289$26,385$24,607$22,946$16,236
8 years$26,266$24,249$22,377$20,642$19,036$12,718
9 years$23,111$21,113$19,273$17,582$16,031$10,095
10 years$20,589$18,610$16,803$15,156$13,659$8,093
11 years$18,526$16,567$14,793$13,190$11,747$6,539
12 years$16,809$14,870$13,128$11,570$10,180$5,315
13 years$15,357$13,438$11,729$10,214$8,877$4,341
14 years$14,113$12,215$10,539$9,067$7,782$3,559
15 years$13,036$11,158$9,515$8,086$6,852$2,927
16 years$12,095$10,238$8,627$7,240$6,056$2,413
17 years$11,265$9,429$7,850$6,505$5,369$1,993
18 years$10,529$8,712$7,166$5,863$4,774$1,649
19 years$9,870$8,075$6,560$5,297$4,255$1,366
20 years$9,278$7,503$6,021$4,798$3,801$1,133
21 years$8,744$6,989$5,538$4,354$3,401$941
22 years$8,258$6,524$5,104$3,959$3,049$782
23 years$7,816$6,102$4,713$3,606$2,737$650
24 years$7,410$5,717$4,358$3,289$2,460$541
25 years$7,038$5,365$4,037$3,003$2,214$450
26 years$6,695$5,042$3,744$2,746$1,994$375
27 years$6,378$4,745$3,477$2,514$1,798$312
28 years$6,085$4,472$3,232$2,303$1,622$260
29 years$5,811$4,218$3,008$2,112$1,465$217
30 years$5,557$3,984$2,801$1,938$1,323$180
31 years$5,320$3,766$2,612$1,780$1,196$150
32 years$5,097$3,563$2,437$1,636$1,082$125
33 years$4,889$3,375$2,275$1,504$979$105
34 years$4,693$3,198$2,126$1,384$887$87
35 years$4,509$3,034$1,987$1,274$803$73
36 years$4,336$2,879$1,859$1,173$728$61
37 years$4,172$2,735$1,740$1,081$660$51
38 years$4,017$2,599$1,630$997$598$42
39 years$3,871$2,471$1,527$919$542$35
40 years$3,732$2,351$1,431$848$492$29
41 years$3,601$2,238$1,342$782$446$24
42 years$3,476$2,132$1,259$722$405$20
43 years$3,357$2,031$1,181$666$367$17
44 years$3,244$1,936$1,109$615$334$14
45 years$3,136$1,846$1,041$568$303$12
46 years$3,033$1,761$978$525$275$10
47 years$2,935$1,681$919$485$250$8
48 years$2,841$1,604$863$448$227$7
49 years$2,751$1,532$811$414$206$6
50 years$2,665$1,464$763$383$187$5

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 $5,591 every year, while hoping to spend $43,589 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: 54/27/19 Blend
56$2,730,000$2,730,000$2,730,000$2,730,000
57$3,014,227$2,869,537$2,827,222$3,161,182
58$3,275,300$2,963,766$2,875,556$3,356,615
59$3,561,541$3,061,151$2,924,048$3,564,165
60$3,875,472$3,161,802$2,972,657$3,789,144
61$4,219,870$3,265,829$3,021,340$4,033,227
62$4,597,793$3,373,351$3,070,051$4,298,260
63$5,012,609$3,484,487$3,118,740$4,586,271
64$5,468,032$3,599,363$3,167,354$4,899,493
65$5,968,148$3,718,108$3,215,837$5,240,386
66$6,517,460$3,840,857$3,264,129$5,611,655
67$7,120,930$3,967,748$3,312,166$6,016,280
68$7,784,022$4,098,925$3,359,881$6,457,540
69$8,512,758$4,234,538$3,407,203$6,939,047
70$9,313,770$4,374,741$3,454,055$7,464,777
71$10,194,366$4,519,695$3,500,357$8,039,107
72$11,162,596$4,669,564$3,546,023$8,666,859
73$12,227,330$4,824,523$3,590,965$9,353,344
74$13,398,341$4,984,747$3,635,085$10,104,407
75$14,686,395$5,150,424$3,678,284$10,926,488
76$16,103,356$5,321,743$3,720,455$11,826,682
77$17,662,293$5,498,903$3,761,485$12,812,799
78$19,377,609$5,682,111$3,801,257$13,893,446
79$21,265,170$5,871,580$3,839,644$15,078,100
80$23,342,461$6,067,531$3,876,515$16,377,202
81$25,628,745$6,270,192$3,911,731$17,802,255
82$28,145,248$6,479,803$3,945,146$19,365,928
83$30,915,359$6,696,610$3,976,604$21,082,179
84$33,964,850$6,920,868$4,005,945$22,966,385
85$37,322,117$7,152,842$4,032,996$25,035,485
86$41,018,449$7,392,808$4,057,578$27,308,143
87$45,088,326$7,641,051$4,079,502$29,804,921
88$49,569,740$7,897,866$4,098,569$32,548,470
89$54,504,553$8,163,561$4,114,571$35,563,751
90$59,938,896$8,438,455$4,127,288$38,878,260
91$65,923,601$8,722,877$4,136,490$42,522,296
92$72,514,680$9,017,170$4,141,934$46,529,241
93$79,773,856$9,321,689$4,143,367$50,935,875
94$87,769,142$9,636,805$4,140,523$55,782,725
95$96,575,486$9,962,900$4,133,121$61,114,443
96$106,275,474$10,300,370$4,120,870$66,980,232
97$116,960,114$10,649,629$4,103,460$73,434,304
98$128,729,689$11,011,105$4,080,570$80,536,395
99$141,694,711$11,385,243$4,051,862$88,352,326
100$155,976,954$11,772,502$4,016,982$96,954,627