Can I retire at age 57 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$227,918$225,888$223,907$221,974$220,086$212,362
2 years$112,831$110,729$108,693$106,718$104,803$97,102
3 years$74,473$72,363$70,331$68,375$66,491$59,056
4 years$55,298$53,194$51,183$49,261$47,422$40,308
5 years$43,796$41,705$39,720$37,837$36,050$29,277
6 years$36,131$34,055$32,100$30,258$28,525$22,098
7 years$30,658$28,600$26,675$24,877$23,198$17,116
8 years$26,555$24,515$22,623$20,869$19,245$13,503
9 years$23,365$21,345$19,485$17,776$16,207$10,797
10 years$20,815$18,814$16,987$15,323$13,809$8,723
11 years$18,730$16,749$14,955$13,335$11,877$7,103
12 years$16,993$15,033$13,273$11,697$10,292$5,820
13 years$15,525$13,586$11,858$10,327$8,975$4,792
14 years$14,268$12,349$10,655$9,167$7,867$3,962
15 years$13,179$11,281$9,620$8,175$6,927$3,286
16 years$12,228$10,350$8,722$7,320$6,122$2,733
17 years$11,389$9,532$7,936$6,577$5,428$2,278
18 years$10,644$8,808$7,245$5,927$4,827$1,902
19 years$9,979$8,163$6,632$5,356$4,302$1,590
20 years$9,380$7,586$6,087$4,851$3,843$1,331
21 years$8,840$7,066$5,599$4,402$3,439$1,116
22 years$8,349$6,596$5,160$4,003$3,082$936
23 years$7,901$6,169$4,764$3,645$2,767$785
24 years$7,492$5,780$4,406$3,325$2,487$660
25 years$7,116$5,424$4,081$3,036$2,238$554
26 years$6,769$5,098$3,785$2,776$2,016$466
27 years$6,449$4,798$3,515$2,541$1,817$392
28 years$6,151$4,521$3,267$2,328$1,640$330
29 years$5,875$4,265$3,041$2,135$1,481$277
30 years$5,618$4,028$2,832$1,959$1,338$233
31 years$5,378$3,807$2,640$1,800$1,210$196
32 years$5,153$3,603$2,464$1,654$1,094$165
33 years$4,943$3,412$2,300$1,521$990$139
34 years$4,745$3,234$2,149$1,399$897$117
35 years$4,559$3,067$2,009$1,288$812$99
36 years$4,384$2,911$1,880$1,186$736$83
37 years$4,218$2,765$1,759$1,093$667$70
38 years$4,062$2,628$1,648$1,008$605$59
39 years$3,914$2,499$1,544$929$548$50
40 years$3,773$2,377$1,447$857$497$42
41 years$3,640$2,263$1,357$791$451$35
42 years$3,514$2,155$1,273$730$409$30
43 years$3,394$2,053$1,194$673$372$25
44 years$3,279$1,957$1,121$622$337$21
45 years$3,170$1,866$1,052$574$306$18
46 years$3,066$1,780$989$530$278$15
47 years$2,967$1,699$929$490$252$13
48 years$2,872$1,622$873$453$229$11
49 years$2,782$1,549$820$419$208$9
50 years$2,695$1,480$771$387$189$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,760,000, adding $3,013 every year, while hoping to spend $46,637 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: 78/6/16 Blend
56$2,760,000$2,760,000$2,760,000$2,760,000
57$3,044,628$2,898,348$2,855,568$3,271,386
58$3,305,559$2,990,746$2,901,608$3,513,733
59$3,591,541$3,086,108$2,947,627$3,773,301
60$3,905,081$3,184,530$2,993,576$4,056,743
61$4,248,940$3,286,112$3,039,401$4,366,427
62$4,626,156$3,390,956$3,085,046$4,704,964
63$5,040,079$3,499,168$3,130,450$5,075,230
64$5,494,397$3,610,857$3,175,550$5,480,392
65$5,993,173$3,726,136$3,220,278$5,923,937
66$6,540,882$3,845,122$3,264,562$6,409,708
67$7,142,453$3,967,935$3,308,327$6,941,937
68$7,803,319$4,094,699$3,351,491$7,525,289
69$8,529,461$4,225,543$3,393,970$8,164,899
70$9,327,472$4,360,600$3,435,673$8,866,426
71$10,204,612$4,500,007$3,476,506$9,636,106
72$11,168,880$4,643,906$3,516,367$10,480,807
73$12,229,091$4,792,443$3,555,151$11,408,096
74$13,394,955$4,945,769$3,592,745$12,426,312
75$14,677,170$5,104,041$3,629,031$13,544,639
76$16,087,522$5,267,419$3,663,884$14,773,201
77$17,638,998$5,436,072$3,697,173$16,123,147
78$19,345,907$5,610,171$3,728,760$17,606,767
79$21,224,015$5,789,894$3,758,498$19,237,598
80$23,290,691$5,975,426$3,786,235$21,030,557
81$25,565,076$6,166,957$3,811,809$23,002,083
82$28,068,259$6,364,682$3,835,049$25,170,287
83$30,823,476$6,568,806$3,855,777$27,555,125
84$33,856,330$6,779,538$3,873,806$30,178,589
85$37,195,036$6,997,094$3,888,938$33,064,909
86$40,870,677$7,221,700$3,900,966$36,240,787
87$44,917,510$7,453,587$3,909,671$39,735,644
88$49,373,277$7,692,994$3,914,826$43,581,901
89$54,279,569$7,940,168$3,916,191$47,815,284
90$59,682,215$8,195,366$3,913,513$52,475,161
91$65,631,713$8,458,852$3,906,528$57,604,911
92$72,183,711$8,730,898$3,894,960$63,252,338
93$79,399,526$9,011,789$3,878,517$69,470,118
94$87,346,725$9,301,814$3,856,896$76,316,299
95$96,099,765$9,601,277$3,829,776$83,854,845
96$105,740,691$9,910,490$3,796,823$92,156,245
97$116,359,912$10,229,775$3,757,687$101,298,173
98$128,057,055$10,559,465$3,712,001$111,366,225
99$140,941,901$10,899,905$3,659,380$122,454,724
100$155,135,427$11,251,453$3,599,421$134,667,613