Can I retire at age 57 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$228,744$226,706$224,719$222,778$220,884$213,728
2 years$113,240$111,131$109,087$107,105$105,183$98,040
3 years$74,743$72,625$70,586$68,623$66,732$59,827
4 years$55,499$53,387$51,369$49,439$47,594$40,980
5 years$43,955$41,856$39,864$37,974$36,180$29,874
6 years$36,262$34,179$32,216$30,368$28,628$22,636
7 years$30,769$28,703$26,772$24,967$23,282$17,603
8 years$26,651$24,604$22,705$20,944$19,315$13,945
9 years$23,450$21,422$19,556$17,840$16,266$11,198
10 years$20,890$18,883$17,049$15,378$13,859$9,087
11 years$18,798$16,810$15,010$13,384$11,920$7,433
12 years$17,055$15,088$13,321$11,739$10,329$6,119
13 years$15,582$13,635$11,901$10,364$9,007$5,062
14 years$14,320$12,394$10,693$9,200$7,896$4,206
15 years$13,227$11,322$9,655$8,205$6,952$3,506
16 years$12,272$10,388$8,753$7,347$6,144$2,930
17 years$11,430$9,567$7,965$6,601$5,448$2,455
18 years$10,683$8,840$7,271$5,949$4,844$2,060
19 years$10,015$8,193$6,656$5,375$4,318$1,732
20 years$9,414$7,613$6,109$4,868$3,857$1,458
21 years$8,872$7,091$5,619$4,418$3,451$1,228
22 years$8,379$6,620$5,179$4,017$3,093$1,036
23 years$7,930$6,191$4,782$3,659$2,777$874
24 years$7,519$5,801$4,422$3,337$2,496$738
25 years$7,141$5,444$4,096$3,047$2,246$624
26 years$6,794$5,116$3,799$2,786$2,023$527
27 years$6,472$4,815$3,527$2,550$1,824$446
28 years$6,174$4,537$3,279$2,337$1,646$377
29 years$5,897$4,280$3,052$2,143$1,486$319
30 years$5,639$4,042$2,842$1,967$1,343$270
31 years$5,398$3,821$2,650$1,806$1,214$229
32 years$5,172$3,616$2,472$1,660$1,098$194
33 years$4,961$3,424$2,309$1,526$994$164
34 years$4,762$3,245$2,157$1,404$900$139
35 years$4,575$3,078$2,017$1,293$815$118
36 years$4,399$2,922$1,886$1,191$738$100
37 years$4,233$2,775$1,766$1,097$669$84
38 years$4,076$2,637$1,654$1,011$607$72
39 years$3,928$2,508$1,549$932$550$61
40 years$3,787$2,386$1,452$860$499$51
41 years$3,653$2,271$1,362$793$453$43
42 years$3,527$2,163$1,277$732$411$37
43 years$3,406$2,061$1,198$676$373$31
44 years$3,291$1,964$1,125$624$338$26
45 years$3,182$1,873$1,056$576$307$22
46 years$3,077$1,787$992$532$279$19
47 years$2,978$1,705$932$492$253$16
48 years$2,883$1,628$876$455$230$14
49 years$2,792$1,555$823$420$209$12
50 years$2,704$1,485$774$388$190$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,770,000, adding $5,975 every year, while hoping to spend $31,053 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: 70/12/18 Blend
56$2,770,000$2,770,000$2,770,000$2,770,000
57$3,058,703$2,911,893$2,868,958$3,259,232
58$3,337,651$3,021,536$2,932,028$3,503,213
59$3,644,010$3,135,510$2,996,170$3,765,904
60$3,980,545$3,253,996$3,061,387$4,052,644
61$4,350,299$3,377,180$3,127,682$4,365,803
62$4,756,625$3,505,257$3,195,055$4,707,995
63$5,203,218$3,638,433$3,263,507$5,082,093
64$5,694,149$3,776,918$3,333,037$5,491,265
65$6,233,901$3,920,936$3,403,643$5,938,998
66$6,827,414$4,070,717$3,475,320$6,429,131
67$7,480,132$4,226,504$3,548,065$6,965,892
68$8,198,052$4,388,549$3,621,871$7,553,938
69$8,987,780$4,557,115$3,696,731$8,198,398
70$9,856,596$4,732,476$3,772,634$8,904,919
71$10,812,522$4,914,920$3,849,570$9,679,724
72$11,864,394$5,104,746$3,927,526$10,529,666
73$13,021,951$5,302,267$4,006,486$11,462,292
74$14,295,921$5,507,810$4,086,435$12,485,917
75$15,698,127$5,721,714$4,167,352$13,609,701
76$17,241,594$5,944,337$4,249,217$14,843,731
77$18,940,677$6,176,049$4,332,006$16,199,124
78$20,811,189$6,417,239$4,415,691$17,688,123
79$22,870,559$6,668,312$4,500,245$19,324,216
80$25,137,988$6,929,691$4,585,635$21,122,265
81$27,634,635$7,201,819$4,671,827$23,098,640
82$30,383,817$7,485,157$4,758,782$25,271,378
83$33,411,224$7,780,187$4,846,460$27,660,352
84$36,745,168$8,087,415$4,934,814$30,287,455
85$40,416,842$8,407,365$5,023,798$33,176,807
86$44,460,622$8,740,589$5,113,358$36,354,987
87$48,914,388$9,087,660$5,203,437$39,851,276
88$53,819,880$9,449,180$5,293,977$43,697,936
89$59,223,093$9,825,775$5,384,910$47,930,516
90$65,174,712$10,218,101$5,476,168$52,588,185
91$71,730,587$10,626,843$5,567,675$57,714,097
92$78,952,266$11,052,718$5,659,351$63,355,805
93$86,907,569$11,496,472$5,751,111$69,565,704
94$95,671,231$11,958,889$5,842,863$76,401,527
95$105,325,608$12,440,786$5,934,510$83,926,889
96$115,961,452$12,943,017$6,025,949$92,211,883
97$127,678,771$13,466,475$6,117,068$101,333,749
98$140,587,768$14,012,095$6,207,752$111,377,592
99$154,809,883$14,580,850$6,297,875$122,437,192
100$170,478,943$15,173,764$6,387,305$134,615,886