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%12.1%
1 years$228,744$226,706$224,719$222,778$220,884$218,942
2 years$113,240$111,131$109,087$107,105$105,183$103,226
3 years$74,743$72,625$70,586$68,623$66,732$64,821
4 years$55,499$53,387$51,369$49,439$47,594$45,743
5 years$43,955$41,856$39,864$37,974$36,180$34,395
6 years$36,262$34,179$32,216$30,368$28,628$26,911
7 years$30,769$28,703$26,772$24,967$23,282$21,634
8 years$26,651$24,604$22,705$20,944$19,315$17,736
9 years$23,450$21,422$19,556$17,840$16,266$14,755
10 years$20,890$18,883$17,049$15,378$13,859$12,416
11 years$18,798$16,810$15,010$13,384$11,920$10,543
12 years$17,055$15,088$13,321$11,739$10,329$9,017
13 years$15,582$13,635$11,901$10,364$9,007$7,759
14 years$14,320$12,394$10,693$9,200$7,896$6,709
15 years$13,227$11,322$9,655$8,205$6,952$5,826
16 years$12,272$10,388$8,753$7,347$6,144$5,076
17 years$11,430$9,567$7,965$6,601$5,448$4,437
18 years$10,683$8,840$7,271$5,949$4,844$3,888
19 years$10,015$8,193$6,656$5,375$4,318$3,414
20 years$9,414$7,613$6,109$4,868$3,857$3,004
21 years$8,872$7,091$5,619$4,418$3,451$2,647
22 years$8,379$6,620$5,179$4,017$3,093$2,336
23 years$7,930$6,191$4,782$3,659$2,777$2,064
24 years$7,519$5,801$4,422$3,337$2,496$1,826
25 years$7,141$5,444$4,096$3,047$2,246$1,617
26 years$6,794$5,116$3,799$2,786$2,023$1,433
27 years$6,472$4,815$3,527$2,550$1,824$1,271
28 years$6,174$4,537$3,279$2,337$1,646$1,128
29 years$5,897$4,280$3,052$2,143$1,486$1,002
30 years$5,639$4,042$2,842$1,967$1,343$890
31 years$5,398$3,821$2,650$1,806$1,214$791
32 years$5,172$3,616$2,472$1,660$1,098$703
33 years$4,961$3,424$2,309$1,526$994$626
34 years$4,762$3,245$2,157$1,404$900$557
35 years$4,575$3,078$2,017$1,293$815$495
36 years$4,399$2,922$1,886$1,191$738$441
37 years$4,233$2,775$1,766$1,097$669$393
38 years$4,076$2,637$1,654$1,011$607$350
39 years$3,928$2,508$1,549$932$550$312
40 years$3,787$2,386$1,452$860$499$278
41 years$3,653$2,271$1,362$793$453$247
42 years$3,527$2,163$1,277$732$411$220
43 years$3,406$2,061$1,198$676$373$196
44 years$3,291$1,964$1,125$624$338$175
45 years$3,182$1,873$1,056$576$307$156
46 years$3,077$1,787$992$532$279$139
47 years$2,978$1,705$932$492$253$124
48 years$2,883$1,628$876$455$230$111
49 years$2,792$1,555$823$420$209$99
50 years$2,704$1,485$774$388$190$88

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 $5,418 every year, while hoping to spend $40,734 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: 36/38/26 Blend
56$2,770,000$2,770,000$2,770,000$2,770,000
57$3,058,129$2,911,319$2,868,384$3,144,136
58$3,326,717$3,010,633$2,921,134$3,307,587
59$3,621,336$3,113,448$2,974,286$3,479,823
60$3,944,599$3,219,893$3,027,810$3,664,971
61$4,299,381$3,330,101$3,081,675$3,864,219
62$4,688,853$3,444,210$3,135,846$4,078,869
63$5,116,505$3,562,366$3,190,287$4,310,354
64$5,586,184$3,684,717$3,244,956$4,560,249
65$6,102,125$3,811,419$3,299,813$4,830,285
66$6,668,996$3,942,633$3,354,811$5,122,366
67$7,291,939$4,078,527$3,409,902$5,438,585
68$7,976,616$4,219,274$3,465,034$5,781,245
69$8,729,270$4,365,057$3,520,151$6,152,879
70$9,556,773$4,516,063$3,575,194$6,556,274
71$10,466,701$4,672,487$3,630,100$6,994,495
72$11,467,399$4,834,533$3,684,802$7,470,917
73$12,568,060$5,002,412$3,739,230$7,989,251
74$13,778,815$5,176,343$3,793,307$8,553,584
75$15,110,824$5,356,554$3,846,953$9,168,413
76$16,576,385$5,543,282$3,900,083$9,838,689
77$18,189,047$5,736,774$3,952,607$10,569,861
78$19,963,741$5,937,286$4,004,429$11,367,928
79$21,916,914$6,145,085$4,055,449$12,239,496
80$24,066,692$6,360,447$4,105,560$13,191,836
81$26,433,046$6,583,661$4,154,648$14,232,958
82$29,037,983$6,815,026$4,202,595$15,371,677
83$31,905,749$7,054,854$4,249,274$16,617,705
84$35,063,064$7,303,470$4,294,552$17,981,734
85$38,539,366$7,561,210$4,338,289$19,475,542
86$42,367,097$7,828,425$4,380,338$21,112,097
87$46,582,003$8,105,480$4,420,541$22,905,686
88$51,223,474$8,392,755$4,458,736$24,872,042
89$56,334,913$8,690,645$4,494,748$27,028,496
90$61,964,148$8,999,560$4,528,396$29,394,136
91$68,163,882$9,319,930$4,559,489$31,989,991
92$74,992,190$9,652,198$4,587,823$34,839,223
93$82,513,066$9,996,828$4,613,188$37,967,348
94$90,797,029$10,354,304$4,635,360$41,402,476
95$99,921,787$10,725,125$4,654,106$45,175,571
96$109,972,969$11,109,816$4,669,178$49,320,747
97$121,044,936$11,508,921$4,680,319$53,875,586
98$133,241,666$11,923,005$4,687,257$58,881,493
99$146,677,743$12,352,659$4,689,707$64,384,083
100$161,479,431$12,798,497$4,687,370$70,433,612