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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$227,918$225,888$223,907$221,974$220,086$211,271
2 years$112,831$110,729$108,693$106,718$104,803$96,032
3 years$74,473$72,363$70,331$68,375$66,491$58,041
4 years$55,298$53,194$51,183$49,261$47,422$39,357
5 years$43,796$41,705$39,720$37,837$36,050$28,390
6 years$36,131$34,055$32,100$30,258$28,525$21,276
7 years$30,658$28,600$26,675$24,877$23,198$16,357
8 years$26,555$24,515$22,623$20,869$19,245$12,805
9 years$23,365$21,345$19,485$17,776$16,207$10,158
10 years$20,815$18,814$16,987$15,323$13,809$8,139
11 years$18,730$16,749$14,955$13,335$11,877$6,571
12 years$16,993$15,033$13,273$11,697$10,292$5,338
13 years$15,525$13,586$11,858$10,327$8,975$4,356
14 years$14,268$12,349$10,655$9,167$7,867$3,569
15 years$13,179$11,281$9,620$8,175$6,927$2,933
16 years$12,228$10,350$8,722$7,320$6,122$2,416
17 years$11,389$9,532$7,936$6,577$5,428$1,994
18 years$10,644$8,808$7,245$5,927$4,827$1,649
19 years$9,979$8,163$6,632$5,356$4,302$1,365
20 years$9,380$7,586$6,087$4,851$3,843$1,132
21 years$8,840$7,066$5,599$4,402$3,439$939
22 years$8,349$6,596$5,160$4,003$3,082$780
23 years$7,901$6,169$4,764$3,645$2,767$648
24 years$7,492$5,780$4,406$3,325$2,487$538
25 years$7,116$5,424$4,081$3,036$2,238$448
26 years$6,769$5,098$3,785$2,776$2,016$372
27 years$6,449$4,798$3,515$2,541$1,817$310
28 years$6,151$4,521$3,267$2,328$1,640$258
29 years$5,875$4,265$3,041$2,135$1,481$215
30 years$5,618$4,028$2,832$1,959$1,338$179
31 years$5,378$3,807$2,640$1,800$1,210$149
32 years$5,153$3,603$2,464$1,654$1,094$124
33 years$4,943$3,412$2,300$1,521$990$103
34 years$4,745$3,234$2,149$1,399$897$86
35 years$4,559$3,067$2,009$1,288$812$72
36 years$4,384$2,911$1,880$1,186$736$60
37 years$4,218$2,765$1,759$1,093$667$50
38 years$4,062$2,628$1,648$1,008$605$41
39 years$3,914$2,499$1,544$929$548$35
40 years$3,773$2,377$1,447$857$497$29
41 years$3,640$2,263$1,357$791$451$24
42 years$3,514$2,155$1,273$730$409$20
43 years$3,394$2,053$1,194$673$372$17
44 years$3,279$1,957$1,121$622$337$14
45 years$3,170$1,866$1,052$574$306$12
46 years$3,066$1,780$989$530$278$10
47 years$2,967$1,699$929$490$252$8
48 years$2,872$1,622$873$453$229$7
49 years$2,782$1,549$820$419$208$6
50 years$2,695$1,480$771$387$189$5

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 $3,946 every year, while hoping to spend $32,258 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: 34/36/30 Blend
56$2,760,000$2,760,000$2,760,000$2,760,000
57$3,045,590$2,899,310$2,856,530$3,121,431
58$3,321,918$3,007,054$2,917,902$3,287,076
59$3,625,350$3,118,996$2,980,248$3,462,438
60$3,958,618$3,235,309$3,043,568$3,650,933
61$4,324,728$3,356,170$3,107,858$3,853,754
62$4,726,994$3,481,767$3,173,116$4,072,213
63$5,169,068$3,612,294$3,239,336$4,307,749
64$5,654,971$3,747,954$3,306,512$4,561,945
65$6,189,134$3,888,960$3,374,636$4,836,537
66$6,776,438$4,035,531$3,443,698$5,133,436
67$7,422,262$4,187,899$3,513,689$5,454,740
68$8,132,530$4,346,304$3,584,595$5,802,757
69$8,913,771$4,510,996$3,656,403$6,180,023
70$9,773,179$4,682,237$3,729,095$6,589,326
71$10,718,677$4,860,301$3,802,653$7,033,734
72$11,758,998$5,045,472$3,877,058$7,516,620
73$12,903,763$5,238,047$3,952,287$8,041,693
74$14,163,572$5,438,336$4,028,314$8,613,035
75$15,550,106$5,646,664$4,105,112$9,235,137
76$17,076,234$5,863,369$4,182,651$9,912,938
77$18,756,139$6,088,802$4,260,898$10,651,876
78$20,605,444$6,323,333$4,339,817$11,457,932
79$22,641,369$6,567,345$4,419,370$12,337,692
80$24,882,884$6,821,241$4,499,515$13,298,402
81$27,350,894$7,085,438$4,580,205$14,348,039
82$30,068,436$7,360,374$4,661,392$15,495,384
83$33,060,890$7,646,507$4,743,023$16,750,104
84$36,356,228$7,944,312$4,825,041$18,122,840
85$39,985,268$8,254,289$4,907,385$19,625,310
86$43,981,973$8,576,956$4,989,989$21,270,415
87$48,383,765$8,912,858$5,072,785$23,072,360
88$53,231,882$9,262,561$5,155,696$25,046,787
89$58,571,766$9,626,659$5,238,644$27,210,921
90$64,453,490$10,005,769$5,321,543$29,583,732
91$70,932,234$10,400,539$5,404,302$32,186,110
92$78,068,800$10,811,644$5,486,825$35,041,062
93$85,930,193$11,239,790$5,569,009$38,173,929
94$94,590,247$11,685,714$5,650,745$41,612,618
95$104,130,324$12,150,186$5,731,917$45,387,871
96$114,640,084$12,634,012$5,812,402$49,533,546
97$126,218,325$13,138,031$5,892,070$54,086,940
98$138,973,923$13,663,124$5,970,784$59,089,134
99$153,026,854$14,210,207$6,048,396$64,585,384
100$168,509,328$14,780,242$6,124,752$70,625,540