Can I retire at age 57 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$230,396$228,343$226,341$224,387$222,479$217,542
2 years$114,057$111,933$109,874$107,878$105,942$100,994
3 years$75,283$73,149$71,096$69,119$67,214$62,410
4 years$55,899$53,773$51,740$49,796$47,938$43,313
5 years$44,272$42,158$40,152$38,248$36,441$32,010
6 years$36,524$34,425$32,449$30,587$28,835$24,602
7 years$30,991$28,910$26,965$25,148$23,450$19,416
8 years$26,843$24,782$22,869$21,096$19,454$15,617
9 years$23,619$21,577$19,697$17,969$16,383$12,740
10 years$21,041$19,019$17,172$15,489$13,960$10,507
11 years$18,933$16,931$15,118$13,480$12,006$8,739
12 years$17,178$15,197$13,417$11,824$10,404$7,318
13 years$15,694$13,733$11,987$10,439$9,072$6,162
14 years$14,423$12,483$10,770$9,266$7,953$5,212
15 years$13,323$11,404$9,724$8,264$7,002$4,424
16 years$12,361$10,463$8,816$7,400$6,189$3,768
17 years$11,513$9,636$8,023$6,648$5,487$3,216
18 years$10,760$8,904$7,324$5,992$4,879$2,752
19 years$10,087$8,252$6,704$5,414$4,349$2,359
20 years$9,482$7,668$6,153$4,903$3,884$2,025
21 years$8,936$7,143$5,660$4,450$3,476$1,741
22 years$8,440$6,667$5,216$4,046$3,116$1,498
23 years$7,987$6,236$4,816$3,685$2,797$1,290
24 years$7,573$5,843$4,454$3,361$2,514$1,113
25 years$7,193$5,483$4,125$3,069$2,262$960
26 years$6,843$5,153$3,826$2,806$2,038$829
27 years$6,519$4,850$3,553$2,569$1,837$716
28 years$6,218$4,570$3,303$2,354$1,658$618
29 years$5,939$4,311$3,074$2,158$1,497$535
30 years$5,679$4,071$2,863$1,981$1,353$462
31 years$5,436$3,849$2,669$1,819$1,223$400
32 years$5,209$3,642$2,490$1,672$1,106$346
33 years$4,996$3,449$2,325$1,537$1,001$299
34 years$4,797$3,269$2,173$1,415$906$259
35 years$4,608$3,100$2,031$1,302$821$224
36 years$4,431$2,943$1,900$1,199$744$194
37 years$4,264$2,795$1,778$1,105$674$168
38 years$4,106$2,656$1,665$1,018$611$146
39 years$3,956$2,526$1,560$939$554$126
40 years$3,814$2,403$1,463$866$503$109
41 years$3,680$2,287$1,371$799$456$95
42 years$3,552$2,178$1,286$738$414$82
43 years$3,431$2,076$1,207$681$376$71
44 years$3,315$1,978$1,133$629$341$61
45 years$3,205$1,887$1,064$581$309$53
46 years$3,100$1,800$999$536$281$46
47 years$2,999$1,718$939$495$255$40
48 years$2,903$1,640$882$458$232$35
49 years$2,812$1,566$829$423$210$30
50 years$2,724$1,496$780$391$191$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,790,000, adding $5,362 every year, while hoping to spend $45,403 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: 49/45/6 Blend
56$2,790,000$2,790,000$2,790,000$2,790,000
57$3,080,111$2,932,241$2,888,996$3,226,100
58$3,345,974$3,027,612$2,937,469$3,421,672
59$3,637,433$3,126,135$2,986,044$3,628,687
60$3,957,051$3,227,916$3,034,677$3,852,452
61$4,307,652$3,333,065$3,083,319$4,094,541
62$4,692,343$3,441,696$3,131,922$4,356,684
63$5,114,550$3,553,928$3,180,429$4,640,782
64$5,578,046$3,669,881$3,228,785$4,948,926
65$6,086,985$3,789,684$3,276,928$5,283,417
66$6,645,945$3,913,466$3,324,792$5,646,783
67$7,259,969$4,041,363$3,372,310$6,041,809
68$7,934,612$4,173,516$3,419,409$6,471,555
69$8,675,993$4,310,069$3,466,010$6,939,389
70$9,490,854$4,451,173$3,512,031$7,449,018
71$10,386,624$4,596,983$3,557,387$8,004,521
72$11,371,485$4,747,660$3,601,984$8,610,388
73$12,454,452$4,903,372$3,645,727$9,271,559
74$13,645,460$5,064,290$3,688,512$9,993,473
75$14,955,450$5,230,593$3,730,230$10,782,117
76$16,396,481$5,402,468$3,770,769$11,644,083
77$17,981,838$5,580,105$3,810,005$12,586,628
78$19,726,159$5,763,703$3,847,813$13,617,741
79$21,645,570$5,953,467$3,884,058$14,746,220
80$23,757,843$6,149,612$3,918,599$15,981,753
81$26,082,557$6,352,357$3,951,286$17,335,008
82$28,641,286$6,561,931$3,981,962$18,817,732
83$31,457,803$6,778,571$4,010,463$20,442,864
84$34,558,299$7,002,522$4,036,615$22,224,653
85$37,971,639$7,234,038$4,060,234$24,178,792
86$41,729,623$7,473,383$4,081,129$26,322,567
87$45,867,295$7,720,830$4,099,098$28,675,017
88$50,423,270$7,976,661$4,113,928$31,257,114
89$55,440,095$8,241,169$4,125,396$34,091,957
90$60,964,657$8,514,658$4,133,269$37,204,993
91$67,048,618$8,797,442$4,137,300$40,624,253
92$73,748,909$9,089,849$4,137,231$44,380,616
93$81,128,261$9,392,215$4,132,792$48,508,099
94$89,255,802$9,704,892$4,123,699$53,044,177
95$98,207,704$10,028,242$4,109,653$58,030,136
96$108,067,907$10,362,643$4,090,343$63,511,459
97$118,928,905$10,708,484$4,065,441$69,538,257
98$130,892,624$11,066,170$4,034,604$76,165,737
99$144,071,381$11,436,122$3,997,473$83,454,725
100$158,588,944$11,818,774$3,953,671$91,472,236