Can I retire at age 57 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$229,570$227,525$225,530$223,583$221,681$213,392
2 years$113,648$111,532$109,481$107,492$105,562$97,306
3 years$75,013$72,887$70,841$68,871$66,973$59,009
4 years$55,699$53,580$51,554$49,618$47,766$40,155
5 years$44,114$42,007$40,008$38,111$36,311$29,073
6 years$36,393$34,302$32,333$30,478$28,732$21,872
7 years$30,880$28,807$26,869$25,057$23,366$16,883
8 years$26,747$24,693$22,787$21,020$19,385$13,272
9 years$23,534$21,500$19,626$17,904$16,325$10,573
10 years$20,966$18,951$17,110$15,434$13,909$8,509
11 years$18,866$16,871$15,064$13,432$11,963$6,902
12 years$17,117$15,142$13,369$11,782$10,367$5,633
13 years$15,638$13,684$11,944$10,401$9,040$4,619
14 years$14,372$12,439$10,732$9,233$7,924$3,803
15 years$13,275$11,363$9,689$8,234$6,977$3,141
16 years$12,316$10,425$8,785$7,373$6,166$2,601
17 years$11,472$9,601$7,994$6,625$5,468$2,158
18 years$10,721$8,872$7,297$5,970$4,862$1,794
19 years$10,051$8,222$6,680$5,395$4,333$1,493
20 years$9,448$7,641$6,131$4,886$3,870$1,244
21 years$8,904$7,117$5,639$4,434$3,464$1,038
22 years$8,409$6,643$5,197$4,032$3,105$866
23 years$7,959$6,213$4,799$3,672$2,787$724
24 years$7,546$5,822$4,438$3,349$2,505$605
25 years$7,167$5,463$4,111$3,058$2,254$506
26 years$6,818$5,135$3,812$2,796$2,030$423
27 years$6,495$4,832$3,540$2,560$1,831$354
28 years$6,196$4,553$3,291$2,345$1,652$296
29 years$5,918$4,296$3,063$2,151$1,491$248
30 years$5,659$4,057$2,853$1,974$1,348$208
31 years$5,417$3,835$2,659$1,813$1,218$174
32 years$5,191$3,629$2,481$1,666$1,102$146
33 years$4,979$3,436$2,317$1,532$997$122
34 years$4,779$3,257$2,165$1,409$903$102
35 years$4,592$3,089$2,024$1,298$818$86
36 years$4,415$2,932$1,893$1,195$741$72
37 years$4,249$2,785$1,772$1,101$672$60
38 years$4,091$2,647$1,659$1,015$609$50
39 years$3,942$2,517$1,555$936$552$42
40 years$3,801$2,394$1,457$863$501$35
41 years$3,667$2,279$1,366$796$454$30
42 years$3,539$2,171$1,282$735$412$25
43 years$3,418$2,068$1,203$678$374$21
44 years$3,303$1,971$1,129$626$340$17
45 years$3,193$1,880$1,060$578$308$15
46 years$3,088$1,793$996$534$280$12
47 years$2,989$1,711$935$494$254$10
48 years$2,893$1,634$879$456$231$9
49 years$2,802$1,560$826$422$210$7
50 years$2,714$1,490$777$390$190$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,780,000, adding $4,571 every year, while hoping to spend $31,643 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: 35/50/15 Blend
56$2,780,000$2,780,000$2,780,000$2,780,000
57$3,068,275$2,920,935$2,877,845$3,161,294
58$3,347,571$3,030,393$2,940,585$3,338,659
59$3,654,295$3,144,154$3,004,366$3,526,587
60$3,991,211$3,262,395$3,069,190$3,728,674
61$4,361,363$3,385,301$3,135,057$3,946,191
62$4,768,108$3,513,066$3,201,967$4,180,533
63$5,215,139$3,645,891$3,269,917$4,433,232
64$5,706,530$3,783,986$3,338,906$4,705,968
65$6,246,764$3,927,570$3,408,928$5,000,585
66$6,840,785$4,076,872$3,479,978$5,319,108
67$7,494,037$4,232,131$3,552,049$5,663,762
68$8,212,519$4,393,595$3,625,132$6,036,990
69$9,002,840$4,561,525$3,699,218$6,441,475
70$9,872,282$4,736,192$3,774,294$6,880,168
71$10,828,867$4,917,878$3,850,346$7,356,308
72$11,881,438$5,106,881$3,927,359$7,873,458
73$13,039,734$5,303,507$4,005,314$8,435,535
74$14,314,487$5,508,079$4,084,192$9,046,844
75$15,717,523$5,720,933$4,163,971$9,712,118
76$17,261,871$5,942,420$4,244,625$10,436,564
77$18,961,890$6,172,906$4,326,128$11,225,907
78$20,833,399$6,412,775$4,408,450$12,086,446
79$22,893,830$6,662,425$4,491,557$13,025,108
80$25,162,391$6,922,274$4,575,414$14,049,515
81$27,660,246$7,192,757$4,659,983$15,168,053
82$30,410,719$7,474,330$4,745,219$16,389,951
83$33,439,507$7,767,467$4,831,079$17,725,361
84$36,774,929$8,072,665$4,917,513$19,185,459
85$40,448,189$8,390,443$5,004,466$20,782,544
86$44,493,671$8,721,341$5,091,883$22,530,155
87$48,949,265$9,065,926$5,179,700$24,443,191
88$53,856,722$9,424,789$5,267,852$26,538,056
89$59,262,051$9,798,547$5,356,269$28,832,810
90$65,215,950$10,187,845$5,444,873$31,347,333
91$71,774,285$10,593,358$5,533,585$34,103,513
92$78,998,619$11,015,790$5,622,317$37,125,452
93$86,956,791$11,455,876$5,710,978$40,439,688
94$95,723,557$11,914,387$5,799,468$44,075,441
95$105,381,293$12,392,125$5,887,684$48,064,891
96$116,020,777$12,889,932$5,975,514$52,443,473
97$127,742,043$13,408,685$6,062,840$57,250,214
98$140,655,323$13,949,302$6,149,536$62,528,091
99$154,882,090$14,512,742$6,235,470$68,324,441
100$170,556,205$15,100,008$6,320,500$74,691,397