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%13.4%
1 years$228,744$226,706$224,719$222,778$220,884$217,763
2 years$113,240$111,131$109,087$107,105$105,183$102,044
3 years$74,743$72,625$70,586$68,623$66,732$63,674
4 years$55,499$53,387$51,369$49,439$47,594$44,640
5 years$43,955$41,856$39,864$37,974$36,180$33,338
6 years$36,262$34,179$32,216$30,368$28,628$25,902
7 years$30,769$28,703$26,772$24,967$23,282$20,673
8 years$26,651$24,604$22,705$20,944$19,315$16,822
9 years$23,450$21,422$19,556$17,840$16,266$13,888
10 years$20,890$18,883$17,049$15,378$13,859$11,595
11 years$18,798$16,810$15,010$13,384$11,920$9,766
12 years$17,055$15,088$13,321$11,739$10,329$8,284
13 years$15,582$13,635$11,901$10,364$9,007$7,068
14 years$14,320$12,394$10,693$9,200$7,896$6,060
15 years$13,227$11,322$9,655$8,205$6,952$5,216
16 years$12,272$10,388$8,753$7,347$6,144$4,504
17 years$11,430$9,567$7,965$6,601$5,448$3,901
18 years$10,683$8,840$7,271$5,949$4,844$3,386
19 years$10,015$8,193$6,656$5,375$4,318$2,946
20 years$9,414$7,613$6,109$4,868$3,857$2,567
21 years$8,872$7,091$5,619$4,418$3,451$2,240
22 years$8,379$6,620$5,179$4,017$3,093$1,958
23 years$7,930$6,191$4,782$3,659$2,777$1,713
24 years$7,519$5,801$4,422$3,337$2,496$1,500
25 years$7,141$5,444$4,096$3,047$2,246$1,315
26 years$6,794$5,116$3,799$2,786$2,023$1,153
27 years$6,472$4,815$3,527$2,550$1,824$1,012
28 years$6,174$4,537$3,279$2,337$1,646$889
29 years$5,897$4,280$3,052$2,143$1,486$781
30 years$5,639$4,042$2,842$1,967$1,343$687
31 years$5,398$3,821$2,650$1,806$1,214$604
32 years$5,172$3,616$2,472$1,660$1,098$531
33 years$4,961$3,424$2,309$1,526$994$467
34 years$4,762$3,245$2,157$1,404$900$411
35 years$4,575$3,078$2,017$1,293$815$362
36 years$4,399$2,922$1,886$1,191$738$319
37 years$4,233$2,775$1,766$1,097$669$281
38 years$4,076$2,637$1,654$1,011$607$247
39 years$3,928$2,508$1,549$932$550$218
40 years$3,787$2,386$1,452$860$499$192
41 years$3,653$2,271$1,362$793$453$169
42 years$3,527$2,163$1,277$732$411$149
43 years$3,406$2,061$1,198$676$373$131
44 years$3,291$1,964$1,125$624$338$116
45 years$3,182$1,873$1,056$576$307$102
46 years$3,077$1,787$992$532$279$90
47 years$2,978$1,705$932$492$253$79
48 years$2,883$1,628$876$455$230$70
49 years$2,792$1,555$823$420$209$62
50 years$2,704$1,485$774$388$190$54

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 $6,317 every year, while hoping to spend $33,810 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: 45/36/19 Blend
56$2,770,000$2,770,000$2,770,000$2,770,000
57$3,059,056$2,912,246$2,869,311$3,179,743
58$3,335,106$3,018,972$2,929,459$3,371,722
59$3,638,180$3,129,795$2,990,489$3,575,931
60$3,970,999$3,244,880$3,052,395$3,796,674
61$4,336,560$3,364,398$3,115,169$4,035,501
62$4,738,164$3,488,528$3,178,802$4,294,116
63$5,179,449$3,617,458$3,243,285$4,574,390
64$5,664,421$3,751,383$3,308,604$4,878,382
65$6,197,496$3,890,504$3,374,746$5,208,355
66$6,783,537$4,035,035$3,441,696$5,566,798
67$7,427,902$4,185,196$3,509,437$5,956,449
68$8,136,494$4,341,216$3,577,948$6,380,317
69$8,915,816$4,503,336$3,647,210$6,841,715
70$9,773,037$4,671,807$3,717,199$7,344,286
71$10,716,049$4,846,888$3,787,887$7,892,039
72$11,753,553$5,028,852$3,859,248$8,489,386
73$12,895,133$5,217,983$3,931,251$9,141,180
74$14,151,349$5,414,578$4,003,861$9,852,764
75$15,533,839$5,618,944$4,077,042$10,630,017
76$17,055,422$5,831,404$4,150,755$11,479,413
77$18,730,227$6,052,294$4,224,957$12,408,075
78$20,573,819$6,281,966$4,299,602$13,423,846
79$22,603,350$6,520,784$4,374,640$14,535,360
80$24,837,720$6,769,131$4,450,019$15,752,123
81$27,297,754$7,027,405$4,525,681$17,084,603
82$30,006,399$7,296,021$4,601,565$18,544,323
83$32,988,940$7,575,415$4,677,607$20,143,974
84$36,273,240$7,866,038$4,753,734$21,897,530
85$39,890,001$8,168,364$4,829,875$23,820,381
86$43,873,053$8,482,886$4,905,947$25,929,473
87$48,259,676$8,810,119$4,981,868$28,243,473
88$53,090,949$9,150,601$5,057,547$30,782,937
89$58,412,139$9,504,894$5,132,888$33,570,505
90$64,273,127$9,873,583$5,207,789$36,631,115
91$70,728,878$10,257,281$5,282,142$39,992,236
92$77,839,962$10,656,626$5,355,832$43,684,122
93$85,673,124$11,072,287$5,428,739$47,740,101
94$94,301,914$11,504,960$5,500,732$52,196,884
95$103,807,379$11,955,372$5,571,677$57,094,911
96$114,278,831$12,424,286$5,641,428$62,478,731
97$125,814,690$12,912,493$5,709,833$68,397,419
98$138,523,407$13,420,825$5,776,732$74,905,041
99$152,524,496$13,950,147$5,841,954$82,061,155
100$167,949,655$14,501,364$5,905,319$89,931,378