Can I retire at age 57 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$227,092$225,070$223,096$221,170$219,289$213,727
2 years$112,422$110,328$108,299$106,332$104,423$98,856
3 years$74,204$72,101$70,077$68,128$66,250$60,852
4 years$55,098$53,002$50,998$49,082$47,250$42,062
5 years$43,638$41,554$39,576$37,700$35,919$30,955
6 years$36,000$33,932$31,984$30,149$28,421$23,687
7 years$30,547$28,496$26,579$24,787$23,114$18,610
8 years$26,458$24,426$22,541$20,793$19,175$14,899
9 years$23,280$21,268$19,414$17,711$16,149$12,096
10 years$20,740$18,746$16,926$15,267$13,759$9,926
11 years$18,662$16,689$14,901$13,287$11,834$8,214
12 years$16,932$14,979$13,224$11,655$10,255$6,843
13 years$15,469$13,537$11,815$10,289$8,942$5,731
14 years$14,216$12,304$10,616$9,134$7,839$4,821
15 years$13,132$11,240$9,585$8,146$6,902$4,070
16 years$12,184$10,313$8,690$7,293$6,100$3,446
17 years$11,348$9,498$7,908$6,553$5,409$2,925
18 years$10,606$8,776$7,219$5,906$4,809$2,488
19 years$9,943$8,134$6,608$5,336$4,286$2,120
20 years$9,346$7,558$6,065$4,833$3,829$1,809
21 years$8,808$7,040$5,578$4,386$3,426$1,545
22 years$8,319$6,572$5,141$3,988$3,071$1,322
23 years$7,873$6,146$4,747$3,632$2,757$1,131
24 years$7,465$5,759$4,390$3,313$2,478$969
25 years$7,090$5,404$4,066$3,025$2,230$831
26 years$6,744$5,079$3,771$2,766$2,008$713
27 years$6,425$4,780$3,502$2,532$1,811$612
28 years$6,129$4,504$3,256$2,320$1,634$525
29 years$5,854$4,249$3,030$2,127$1,475$451
30 years$5,598$4,013$2,822$1,952$1,333$387
31 years$5,359$3,794$2,631$1,793$1,205$333
32 years$5,135$3,590$2,455$1,648$1,090$286
33 years$4,925$3,399$2,292$1,515$987$246
34 years$4,728$3,222$2,141$1,394$893$211
35 years$4,542$3,056$2,002$1,284$809$182
36 years$4,368$2,900$1,873$1,182$733$156
37 years$4,203$2,755$1,753$1,089$664$134
38 years$4,047$2,618$1,642$1,004$602$116
39 years$3,899$2,489$1,538$926$546$99
40 years$3,760$2,369$1,442$854$495$86
41 years$3,627$2,255$1,352$788$449$74
42 years$3,501$2,147$1,268$727$408$63
43 years$3,381$2,046$1,190$671$370$54
44 years$3,267$1,950$1,117$620$336$47
45 years$3,159$1,860$1,049$572$305$40
46 years$3,055$1,774$985$529$277$35
47 years$2,956$1,693$925$488$251$30
48 years$2,862$1,616$870$451$228$26
49 years$2,771$1,543$817$417$207$22
50 years$2,685$1,474$768$385$188$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,750,000, adding $5,467 every year, while hoping to spend $56,394 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: 48/26/26 Blend
56$2,750,000$2,750,000$2,750,000$2,750,000
57$3,036,139$2,890,389$2,847,764$3,159,147
58$3,285,823$2,972,016$2,883,162$3,327,615
59$3,559,084$3,055,751$2,917,855$3,504,453
60$3,858,268$3,141,641$2,951,760$3,695,383
61$4,185,957$3,229,728$2,984,791$3,901,760
62$4,544,997$3,320,056$3,016,853$4,125,075
63$4,938,519$3,412,671$3,047,850$4,366,972
64$5,369,974$3,507,618$3,077,678$4,629,261
65$5,843,159$3,604,939$3,106,229$4,913,933
66$6,362,262$3,704,682$3,133,388$5,223,184
67$6,931,890$3,806,889$3,159,034$5,559,433
68$7,557,122$3,911,606$3,183,041$5,925,343
69$8,243,551$4,018,876$3,205,275$6,323,849
70$8,997,336$4,128,744$3,225,595$6,758,184
71$9,825,266$4,241,254$3,243,853$7,231,911
72$10,734,815$4,356,448$3,259,895$7,748,954
73$11,734,221$4,474,368$3,273,556$8,313,637
74$12,832,556$4,595,057$3,284,665$8,930,726
75$14,039,817$4,718,555$3,293,042$9,605,472
76$15,367,017$4,844,903$3,298,497$10,343,658
77$16,826,287$4,974,138$3,300,831$11,151,662
78$18,430,997$5,106,299$3,299,837$12,036,507
79$20,195,872$5,241,420$3,295,295$13,005,935
80$22,137,138$5,379,538$3,286,975$14,068,478
81$24,272,675$5,520,684$3,274,638$15,233,535
82$26,622,179$5,664,889$3,258,029$16,511,468
83$29,207,354$5,812,181$3,236,886$17,913,694
84$32,052,113$5,962,587$3,210,930$19,452,793
85$35,182,804$6,116,129$3,179,872$21,142,633
86$38,628,459$6,272,828$3,143,406$22,998,493
87$42,421,066$6,432,701$3,101,214$25,037,214
88$46,595,873$6,595,761$3,052,963$27,277,355
89$51,191,718$6,762,019$2,998,304$29,739,368
90$56,251,395$6,931,481$2,936,869$32,445,794
91$61,822,061$7,104,146$2,868,277$35,421,474
92$67,955,675$7,280,013$2,792,128$38,693,784
93$74,709,491$7,459,072$2,708,003$42,292,896
94$82,146,601$7,641,308$2,615,462$46,252,061
95$90,336,524$7,826,701$2,514,049$50,607,922
96$99,355,863$8,015,224$2,403,285$55,400,865
97$109,289,034$8,206,842$2,282,667$60,675,399
98$120,229,053$8,401,515$2,151,673$66,480,572
99$132,278,418$8,599,191$2,009,756$72,870,444
100$145,550,077$8,799,812$1,856,344$79,904,590