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%11.8%
1 years$225,441$223,433$221,474$219,561$217,694$216,051
2 years$111,604$109,526$107,511$105,558$103,664$102,007
3 years$73,664$71,576$69,567$67,632$65,769$64,149
4 years$54,697$52,616$50,627$48,725$46,907$45,338
5 years$43,320$41,252$39,289$37,426$35,658$34,144
6 years$35,738$33,685$31,751$29,930$28,215$26,758
7 years$30,324$28,289$26,385$24,607$22,946$21,547
8 years$26,266$24,249$22,377$20,642$19,036$17,694
9 years$23,111$21,113$19,273$17,582$16,031$14,746
10 years$20,589$18,610$16,803$15,156$13,659$12,431
11 years$18,526$16,567$14,793$13,190$11,747$10,575
12 years$16,809$14,870$13,128$11,570$10,180$9,062
13 years$15,357$13,438$11,729$10,214$8,877$7,812
14 years$14,113$12,215$10,539$9,067$7,782$6,769
15 years$13,036$11,158$9,515$8,086$6,852$5,889
16 years$12,095$10,238$8,627$7,240$6,056$5,142
17 years$11,265$9,429$7,850$6,505$5,369$4,504
18 years$10,529$8,712$7,166$5,863$4,774$3,955
19 years$9,870$8,075$6,560$5,297$4,255$3,480
20 years$9,278$7,503$6,021$4,798$3,801$3,069
21 years$8,744$6,989$5,538$4,354$3,401$2,710
22 years$8,258$6,524$5,104$3,959$3,049$2,397
23 years$7,816$6,102$4,713$3,606$2,737$2,123
24 years$7,410$5,717$4,358$3,289$2,460$1,883
25 years$7,038$5,365$4,037$3,003$2,214$1,671
26 years$6,695$5,042$3,744$2,746$1,994$1,484
27 years$6,378$4,745$3,477$2,514$1,798$1,320
28 years$6,085$4,472$3,232$2,303$1,622$1,174
29 years$5,811$4,218$3,008$2,112$1,465$1,045
30 years$5,557$3,984$2,801$1,938$1,323$931
31 years$5,320$3,766$2,612$1,780$1,196$829
32 years$5,097$3,563$2,437$1,636$1,082$739
33 years$4,889$3,375$2,275$1,504$979$659
34 years$4,693$3,198$2,126$1,384$887$588
35 years$4,509$3,034$1,987$1,274$803$525
36 years$4,336$2,879$1,859$1,173$728$468
37 years$4,172$2,735$1,740$1,081$660$418
38 years$4,017$2,599$1,630$997$598$373
39 years$3,871$2,471$1,527$919$542$333
40 years$3,732$2,351$1,431$848$492$298
41 years$3,601$2,238$1,342$782$446$266
42 years$3,476$2,132$1,259$722$405$238
43 years$3,357$2,031$1,181$666$367$212
44 years$3,244$1,936$1,109$615$334$190
45 years$3,136$1,846$1,041$568$303$170
46 years$3,033$1,761$978$525$275$152
47 years$2,935$1,681$919$485$250$136
48 years$2,841$1,604$863$448$227$121
49 years$2,751$1,532$811$414$206$108
50 years$2,665$1,464$763$383$187$97

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 $4,888 every year, while hoping to spend $26,826 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: 64/24/12 Blend
56$2,730,000$2,730,000$2,730,000$2,730,000
57$3,013,502$2,868,812$2,826,497$3,197,748
58$3,292,337$2,980,841$2,892,642$3,433,535
59$3,598,713$3,097,461$2,960,104$3,687,416
60$3,935,413$3,218,867$3,028,898$3,964,055
61$4,305,499$3,345,266$3,099,040$4,265,669
62$4,712,347$3,476,871$3,170,546$4,594,692
63$5,159,676$3,613,907$3,243,428$4,953,806
64$5,651,583$3,756,609$3,317,703$5,345,961
65$6,192,581$3,905,219$3,393,383$5,774,404
66$6,787,644$4,059,994$3,470,481$6,242,708
67$7,442,251$4,221,202$3,549,009$6,754,807
68$8,162,439$4,389,119$3,628,980$7,315,031
69$8,954,861$4,564,039$3,710,403$7,928,145
70$9,826,845$4,746,265$3,793,290$8,599,397
71$10,786,467$4,936,115$3,877,649$9,334,564
72$11,842,624$5,133,923$3,963,488$10,140,006
73$13,005,122$5,340,035$4,050,815$11,022,726
74$14,284,763$5,554,816$4,139,636$11,990,436
75$15,693,451$5,778,643$4,229,955$13,051,627
76$17,244,301$6,011,915$4,321,777$14,215,651
77$18,951,767$6,255,046$4,415,104$15,492,804
78$20,831,773$6,508,470$4,509,936$16,894,430
79$22,901,869$6,772,639$4,606,273$18,433,017
80$25,181,389$7,048,028$4,704,114$20,122,324
81$27,691,642$7,335,133$4,803,453$21,977,500
82$30,456,106$7,634,471$4,904,285$24,015,237
83$33,500,653$7,946,584$5,006,602$26,253,915
84$36,853,791$8,272,038$5,110,395$28,713,783
85$40,546,935$8,611,426$5,215,651$31,417,145
86$44,614,703$8,965,366$5,322,356$34,388,571
87$49,095,241$9,334,507$5,430,492$37,655,124
88$54,030,584$9,719,526$5,540,042$41,246,620
89$59,467,051$10,121,131$5,650,981$45,195,904
90$65,455,687$10,540,063$5,763,286$49,539,158
91$72,052,738$10,977,097$5,876,927$54,316,244
92$79,320,187$11,433,043$5,991,873$59,571,078
93$87,326,334$11,908,751$6,108,089$65,352,039
94$96,146,446$12,405,105$6,225,536$71,712,432
95$105,863,463$12,923,036$6,344,171$78,710,980
96$116,568,784$13,463,512$6,463,949$86,412,383
97$128,363,126$14,027,550$6,584,817$94,887,926
98$141,357,477$14,616,212$6,706,720$104,216,146
99$155,674,143$15,230,610$6,829,599$114,483,577
100$171,447,903$15,871,907$6,953,388$125,785,559