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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$227,092$225,070$223,096$221,170$219,289$212,866
2 years$112,422$110,328$108,299$106,332$104,423$98,005
3 years$74,204$72,101$70,077$68,128$66,250$60,037
4 years$55,098$53,002$50,998$49,082$47,250$41,290
5 years$43,638$41,554$39,576$37,700$35,919$30,227
6 years$36,000$33,932$31,984$30,149$28,421$23,004
7 years$30,547$28,496$26,579$24,787$23,114$17,971
8 years$26,458$24,426$22,541$20,793$19,175$14,303
9 years$23,280$21,268$19,414$17,711$16,149$11,542
10 years$20,740$18,746$16,926$15,267$13,759$9,413
11 years$18,662$16,689$14,901$13,287$11,834$7,740
12 years$16,932$14,979$13,224$11,655$10,255$6,405
13 years$15,469$13,537$11,815$10,289$8,942$5,328
14 years$14,216$12,304$10,616$9,134$7,839$4,451
15 years$13,132$11,240$9,585$8,146$6,902$3,731
16 years$12,184$10,313$8,690$7,293$6,100$3,137
17 years$11,348$9,498$7,908$6,553$5,409$2,643
18 years$10,606$8,776$7,219$5,906$4,809$2,232
19 years$9,943$8,134$6,608$5,336$4,286$1,887
20 years$9,346$7,558$6,065$4,833$3,829$1,598
21 years$8,808$7,040$5,578$4,386$3,426$1,355
22 years$8,319$6,572$5,141$3,988$3,071$1,150
23 years$7,873$6,146$4,747$3,632$2,757$977
24 years$7,465$5,759$4,390$3,313$2,478$830
25 years$7,090$5,404$4,066$3,025$2,230$706
26 years$6,744$5,079$3,771$2,766$2,008$601
27 years$6,425$4,780$3,502$2,532$1,811$511
28 years$6,129$4,504$3,256$2,320$1,634$435
29 years$5,854$4,249$3,030$2,127$1,475$371
30 years$5,598$4,013$2,822$1,952$1,333$316
31 years$5,359$3,794$2,631$1,793$1,205$269
32 years$5,135$3,590$2,455$1,648$1,090$229
33 years$4,925$3,399$2,292$1,515$987$196
34 years$4,728$3,222$2,141$1,394$893$167
35 years$4,542$3,056$2,002$1,284$809$142
36 years$4,368$2,900$1,873$1,182$733$121
37 years$4,203$2,755$1,753$1,089$664$103
38 years$4,047$2,618$1,642$1,004$602$88
39 years$3,899$2,489$1,538$926$546$75
40 years$3,760$2,369$1,442$854$495$64
41 years$3,627$2,255$1,352$788$449$55
42 years$3,501$2,147$1,268$727$408$47
43 years$3,381$2,046$1,190$671$370$40
44 years$3,267$1,950$1,117$620$336$34
45 years$3,159$1,860$1,049$572$305$29
46 years$3,055$1,774$985$529$277$25
47 years$2,956$1,693$925$488$251$21
48 years$2,862$1,616$870$451$228$18
49 years$2,771$1,543$817$417$207$15
50 years$2,685$1,474$768$385$188$13

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 $3,402 every year, while hoping to spend $45,163 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: 87/6/7 Blend
56$2,750,000$2,750,000$2,750,000$2,750,000
57$3,034,009$2,888,259$2,845,634$3,296,150
58$3,295,425$2,981,731$2,892,910$3,560,932
59$3,581,992$3,078,269$2,940,256$3,845,318
60$3,896,227$3,177,976$2,987,626$4,156,437
61$4,240,903$3,280,958$3,034,973$4,496,951
62$4,619,075$3,387,325$3,082,245$4,869,790
63$5,034,108$3,497,191$3,129,386$5,278,185
64$5,489,705$3,610,672$3,176,340$5,725,690
65$5,989,951$3,727,890$3,223,043$6,216,224
66$6,539,341$3,848,972$3,269,429$6,754,099
67$7,142,829$3,974,047$3,315,430$7,344,070
68$7,805,871$4,103,249$3,360,971$7,991,370
69$8,534,480$4,236,718$3,405,974$8,701,767
70$9,335,278$4,374,598$3,450,355$9,481,613
71$10,215,561$4,517,038$3,494,026$10,337,907
72$11,183,368$4,664,192$3,536,896$11,278,358
73$12,247,554$4,816,221$3,578,864$12,311,460
74$13,417,877$4,973,288$3,619,829$13,446,572
75$14,705,086$5,135,565$3,659,679$14,694,001
76$16,121,027$5,303,229$3,698,300$16,065,108
77$17,678,748$5,476,464$3,735,569$17,572,406
78$19,392,628$5,655,458$3,771,359$19,229,683
79$21,278,509$5,840,409$3,805,532$21,052,130
80$23,353,847$6,031,519$3,837,947$23,056,486
81$25,637,874$6,228,998$3,868,454$25,261,192
82$28,151,783$6,433,065$3,896,893$27,686,570
83$30,918,925$6,643,945$3,923,099$30,355,007
84$33,965,028$6,861,871$3,946,895$33,291,175
85$37,318,444$7,087,086$3,968,099$36,522,257
86$41,010,411$7,319,839$3,986,516$40,078,204
87$45,075,351$7,560,389$4,001,943$43,992,020
88$49,551,195$7,809,006$4,014,166$48,300,072
89$54,479,736$8,065,967$4,022,960$53,042,432
90$59,907,030$8,331,560$4,028,090$58,263,256
91$65,883,824$8,606,083$4,029,308$64,011,198
92$72,466,039$8,889,846$4,026,354$70,339,873
93$79,715,295$9,183,169$4,018,957$77,308,360
94$87,699,493$9,486,382$4,006,830$84,981,758
95$96,493,456$9,799,830$3,989,674$93,431,804
96$106,179,635$10,123,868$3,967,174$102,737,547
97$116,848,885$10,458,865$3,939,002$112,986,093
98$128,601,326$10,805,203$3,904,813$124,273,430
99$141,547,281$11,163,278$3,864,244$136,705,329
100$155,808,325$11,533,500$3,816,918$150,398,349