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%13.8%
1 years$229,570$227,525$225,530$223,583$221,681$218,188
2 years$113,648$111,532$109,481$107,492$105,562$102,053
3 years$75,013$72,887$70,841$68,871$66,973$63,555
4 years$55,699$53,580$51,554$49,618$47,766$44,466
5 years$44,114$42,007$40,008$38,111$36,311$33,139
6 years$36,393$34,302$32,333$30,478$28,732$25,692
7 years$30,880$28,807$26,869$25,057$23,366$20,459
8 years$26,747$24,693$22,787$21,020$19,385$16,610
9 years$23,534$21,500$19,626$17,904$16,325$13,680
10 years$20,966$18,951$17,110$15,434$13,909$11,394
11 years$18,866$16,871$15,064$13,432$11,963$9,573
12 years$17,117$15,142$13,369$11,782$10,367$8,100
13 years$15,638$13,684$11,944$10,401$9,040$6,893
14 years$14,372$12,439$10,732$9,233$7,924$5,893
15 years$13,275$11,363$9,689$8,234$6,977$5,058
16 years$12,316$10,425$8,785$7,373$6,166$4,356
17 years$11,472$9,601$7,994$6,625$5,468$3,762
18 years$10,721$8,872$7,297$5,970$4,862$3,256
19 years$10,051$8,222$6,680$5,395$4,333$2,825
20 years$9,448$7,641$6,131$4,886$3,870$2,454
21 years$8,904$7,117$5,639$4,434$3,464$2,135
22 years$8,409$6,643$5,197$4,032$3,105$1,860
23 years$7,959$6,213$4,799$3,672$2,787$1,623
24 years$7,546$5,822$4,438$3,349$2,505$1,417
25 years$7,167$5,463$4,111$3,058$2,254$1,238
26 years$6,818$5,135$3,812$2,796$2,030$1,082
27 years$6,495$4,832$3,540$2,560$1,831$947
28 years$6,196$4,553$3,291$2,345$1,652$829
29 years$5,918$4,296$3,063$2,151$1,491$726
30 years$5,659$4,057$2,853$1,974$1,348$636
31 years$5,417$3,835$2,659$1,813$1,218$558
32 years$5,191$3,629$2,481$1,666$1,102$489
33 years$4,979$3,436$2,317$1,532$997$429
34 years$4,779$3,257$2,165$1,409$903$376
35 years$4,592$3,089$2,024$1,298$818$330
36 years$4,415$2,932$1,893$1,195$741$290
37 years$4,249$2,785$1,772$1,101$672$254
38 years$4,091$2,647$1,659$1,015$609$223
39 years$3,942$2,517$1,555$936$552$196
40 years$3,801$2,394$1,457$863$501$172
41 years$3,667$2,279$1,366$796$454$151
42 years$3,539$2,171$1,282$735$412$133
43 years$3,418$2,068$1,203$678$374$116
44 years$3,303$1,971$1,129$626$340$102
45 years$3,193$1,880$1,060$578$308$90
46 years$3,088$1,793$996$534$280$79
47 years$2,989$1,711$935$494$254$69
48 years$2,893$1,634$879$456$231$61
49 years$2,802$1,560$826$422$210$54
50 years$2,714$1,490$777$390$190$47

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 $3,300 every year, while hoping to spend $28,858 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: 41/43/16 Blend
56$2,780,000$2,780,000$2,780,000$2,780,000
57$3,066,964$2,919,624$2,876,534$3,178,102
58$3,349,090$3,031,981$2,942,193$3,369,438
59$3,659,025$3,148,876$3,009,085$3,573,328
60$3,999,576$3,270,501$3,077,220$3,793,392
61$4,373,834$3,397,057$3,146,608$4,031,119
62$4,785,205$3,528,753$3,217,259$4,288,144
63$5,237,441$3,665,807$3,289,182$4,566,262
64$5,734,675$3,808,447$3,362,385$4,867,445
65$6,281,462$3,956,911$3,436,875$5,193,860
66$6,882,820$4,111,449$3,512,660$5,547,886
67$7,544,277$4,272,319$3,589,743$5,932,140
68$8,271,924$4,439,793$3,668,130$6,349,498
69$9,072,472$4,614,154$3,747,824$6,803,119
70$9,953,315$4,795,699$3,828,827$7,296,478
71$10,922,601$4,984,736$3,911,141$7,833,397
72$11,989,307$5,181,589$3,994,765$8,418,077
73$13,163,324$5,386,594$4,079,697$9,055,140
74$14,455,550$5,600,105$4,165,934$9,749,667
75$15,877,995$5,822,488$4,253,471$10,507,250
76$17,443,890$6,054,130$4,342,302$11,334,041
77$19,167,817$6,295,432$4,432,419$12,236,806
78$21,065,840$6,546,815$4,523,811$13,222,994
79$23,155,664$6,808,716$4,616,467$14,300,798
80$25,456,794$7,081,596$4,710,371$15,479,237
81$27,990,726$7,365,933$4,805,507$16,768,237
82$30,781,146$7,662,229$4,901,857$18,178,721
83$33,854,152$7,971,008$4,999,399$19,722,716
84$37,238,504$8,292,816$5,098,107$21,413,458
85$40,965,894$8,628,227$5,197,957$23,265,520
86$45,071,244$8,977,838$5,298,917$25,294,946
87$49,593,034$9,342,276$5,400,954$27,519,398
88$54,573,670$9,722,193$5,504,032$29,958,325
89$60,059,877$10,118,274$5,608,110$32,633,142
90$66,103,149$10,531,233$5,713,146$35,567,427
91$72,760,224$10,961,818$5,819,091$38,787,148
92$80,093,630$11,410,810$5,925,893$42,320,899
93$88,172,267$11,879,027$6,033,497$46,200,170
94$97,072,061$12,367,322$6,141,842$50,459,642
95$106,876,680$12,876,590$6,250,863$55,137,509
96$117,678,323$13,407,764$6,360,488$60,275,840
97$129,578,591$13,961,824$6,470,644$65,920,969
98$142,689,444$14,539,790$6,581,247$72,123,928
99$157,134,260$15,142,732$6,692,211$78,940,932
100$173,048,998$15,771,769$6,803,444$86,433,897