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%15.8%
1 years$227,092$225,070$223,096$221,170$219,289$214,075
2 years$112,422$110,328$108,299$106,332$104,423$99,200
3 years$74,204$72,101$70,077$68,128$66,250$61,182
4 years$55,098$53,002$50,998$49,082$47,250$42,376
5 years$43,638$41,554$39,576$37,700$35,919$31,252
6 years$36,000$33,932$31,984$30,149$28,421$23,966
7 years$30,547$28,496$26,579$24,787$23,114$18,872
8 years$26,458$24,426$22,541$20,793$19,175$15,144
9 years$23,280$21,268$19,414$17,711$16,149$12,325
10 years$20,740$18,746$16,926$15,267$13,759$10,139
11 years$18,662$16,689$14,901$13,287$11,834$8,412
12 years$16,932$14,979$13,224$11,655$10,255$7,026
13 years$15,469$13,537$11,815$10,289$8,942$5,900
14 years$14,216$12,304$10,616$9,134$7,839$4,976
15 years$13,132$11,240$9,585$8,146$6,902$4,213
16 years$12,184$10,313$8,690$7,293$6,100$3,577
17 years$11,348$9,498$7,908$6,553$5,409$3,045
18 years$10,606$8,776$7,219$5,906$4,809$2,598
19 years$9,943$8,134$6,608$5,336$4,286$2,220
20 years$9,346$7,558$6,065$4,833$3,829$1,900
21 years$8,808$7,040$5,578$4,386$3,426$1,628
22 years$8,319$6,572$5,141$3,988$3,071$1,397
23 years$7,873$6,146$4,747$3,632$2,757$1,200
24 years$7,465$5,759$4,390$3,313$2,478$1,031
25 years$7,090$5,404$4,066$3,025$2,230$887
26 years$6,744$5,079$3,771$2,766$2,008$763
27 years$6,425$4,780$3,502$2,532$1,811$657
28 years$6,129$4,504$3,256$2,320$1,634$566
29 years$5,854$4,249$3,030$2,127$1,475$487
30 years$5,598$4,013$2,822$1,952$1,333$420
31 years$5,359$3,794$2,631$1,793$1,205$362
32 years$5,135$3,590$2,455$1,648$1,090$312
33 years$4,925$3,399$2,292$1,515$987$269
34 years$4,728$3,222$2,141$1,394$893$232
35 years$4,542$3,056$2,002$1,284$809$200
36 years$4,368$2,900$1,873$1,182$733$173
37 years$4,203$2,755$1,753$1,089$664$149
38 years$4,047$2,618$1,642$1,004$602$129
39 years$3,899$2,489$1,538$926$546$111
40 years$3,760$2,369$1,442$854$495$96
41 years$3,627$2,255$1,352$788$449$83
42 years$3,501$2,147$1,268$727$408$72
43 years$3,381$2,046$1,190$671$370$62
44 years$3,267$1,950$1,117$620$336$53
45 years$3,159$1,860$1,049$572$305$46
46 years$3,055$1,774$985$529$277$40
47 years$2,956$1,693$925$488$251$34
48 years$2,862$1,616$870$451$228$30
49 years$2,771$1,543$817$417$207$26
50 years$2,685$1,474$768$385$188$22

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 $6,766 every year, while hoping to spend $41,674 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: 47/26/27 Blend
56$2,750,000$2,750,000$2,750,000$2,750,000
57$3,037,479$2,891,729$2,849,104$3,156,464
58$3,302,961$2,989,083$2,900,208$3,338,359
59$3,594,126$3,089,811$2,951,628$3,531,082
60$3,913,548$3,194,033$3,003,329$3,739,477
61$4,264,066$3,301,876$3,055,276$3,965,037
62$4,648,803$3,413,471$3,107,431$4,209,404
63$5,071,202$3,528,952$3,159,751$4,474,388
64$5,535,056$3,648,461$3,212,193$4,761,978
65$6,044,539$3,772,144$3,264,709$5,074,365
66$6,604,255$3,900,152$3,317,250$5,413,959
67$7,219,272$4,032,642$3,369,760$5,783,414
68$7,895,173$4,169,777$3,422,183$6,185,650
69$8,638,113$4,311,728$3,474,458$6,623,883
70$9,454,867$4,458,670$3,526,519$7,101,655
71$10,352,904$4,610,785$3,578,298$7,622,862
72$11,340,450$4,768,263$3,629,721$8,191,797
73$12,426,570$4,931,302$3,680,711$8,813,188
74$13,621,250$5,100,106$3,731,184$9,492,239
75$14,935,493$5,274,887$3,781,055$10,234,684
76$16,381,422$5,455,865$3,830,229$11,046,836
77$17,972,396$5,643,271$3,878,610$11,935,649
78$19,723,131$5,837,342$3,926,094$12,908,781
79$21,649,843$6,038,325$3,972,572$13,974,669
80$23,770,402$6,246,477$4,017,927$15,142,605
81$26,104,494$6,462,065$4,062,039$16,422,826
82$28,673,812$6,685,367$4,104,778$17,826,607
83$31,502,262$6,916,670$4,146,008$19,366,370
84$34,616,180$7,156,275$4,185,587$21,055,798
85$38,044,589$7,404,492$4,223,363$22,909,967
86$41,819,470$7,661,644$4,259,178$24,945,483
87$45,976,060$7,928,068$4,292,864$27,180,644
88$50,553,188$8,204,114$4,324,246$29,635,607
89$55,593,642$8,490,145$4,353,137$32,332,580
90$61,144,569$8,786,537$4,379,343$35,296,033
91$67,257,923$9,093,685$4,402,658$38,552,924
92$73,990,952$9,411,997$4,422,868$42,132,955
93$81,406,741$9,741,896$4,439,746$46,068,855
94$89,574,804$10,083,825$4,453,053$50,396,681
95$98,571,744$10,438,242$4,462,540$55,156,165
96$108,481,972$10,805,626$4,467,945$60,391,083
97$119,398,504$11,186,472$4,468,992$66,149,673
98$131,423,840$11,581,299$4,465,393$72,485,082
99$144,670,932$11,990,642$4,456,843$79,455,876
100$159,264,245$12,415,062$4,443,026$87,126,585