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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$230,396$228,343$226,341$224,387$222,479$220,247
2 years$114,057$111,933$109,874$107,878$105,942$103,694
3 years$75,283$73,149$71,096$69,119$67,214$65,020
4 years$55,899$53,773$51,740$49,796$47,938$45,814
5 years$44,272$42,158$40,152$38,248$36,441$34,395
6 years$36,524$34,425$32,449$30,587$28,835$26,867
7 years$30,991$28,910$26,965$25,148$23,450$21,563
8 years$26,843$24,782$22,869$21,096$19,454$17,647
9 years$23,619$21,577$19,697$17,969$16,383$14,656
10 years$21,041$19,019$17,172$15,489$13,960$12,310
11 years$18,933$16,931$15,118$13,480$12,006$10,433
12 years$17,178$15,197$13,417$11,824$10,404$8,907
13 years$15,694$13,733$11,987$10,439$9,072$7,649
14 years$14,423$12,483$10,770$9,266$7,953$6,601
15 years$13,323$11,404$9,724$8,264$7,002$5,720
16 years$12,361$10,463$8,816$7,400$6,189$4,974
17 years$11,513$9,636$8,023$6,648$5,487$4,338
18 years$10,760$8,904$7,324$5,992$4,879$3,793
19 years$10,087$8,252$6,704$5,414$4,349$3,324
20 years$9,482$7,668$6,153$4,903$3,884$2,918
21 years$8,936$7,143$5,660$4,450$3,476$2,566
22 years$8,440$6,667$5,216$4,046$3,116$2,259
23 years$7,987$6,236$4,816$3,685$2,797$1,992
24 years$7,573$5,843$4,454$3,361$2,514$1,758
25 years$7,193$5,483$4,125$3,069$2,262$1,553
26 years$6,843$5,153$3,826$2,806$2,038$1,373
27 years$6,519$4,850$3,553$2,569$1,837$1,215
28 years$6,218$4,570$3,303$2,354$1,658$1,076
29 years$5,939$4,311$3,074$2,158$1,497$953
30 years$5,679$4,071$2,863$1,981$1,353$844
31 years$5,436$3,849$2,669$1,819$1,223$749
32 years$5,209$3,642$2,490$1,672$1,106$664
33 years$4,996$3,449$2,325$1,537$1,001$589
34 years$4,797$3,269$2,173$1,415$906$523
35 years$4,608$3,100$2,031$1,302$821$464
36 years$4,431$2,943$1,900$1,199$744$412
37 years$4,264$2,795$1,778$1,105$674$366
38 years$4,106$2,656$1,665$1,018$611$325
39 years$3,956$2,526$1,560$939$554$289
40 years$3,814$2,403$1,463$866$503$257
41 years$3,680$2,287$1,371$799$456$228
42 years$3,552$2,178$1,286$738$414$203
43 years$3,431$2,076$1,207$681$376$180
44 years$3,315$1,978$1,133$629$341$160
45 years$3,205$1,887$1,064$581$309$143
46 years$3,100$1,800$999$536$281$127
47 years$2,999$1,718$939$495$255$113
48 years$2,903$1,640$882$458$232$100
49 years$2,812$1,566$829$423$210$89
50 years$2,724$1,496$780$391$191$79

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 $5,946 every year, while hoping to spend $48,961 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: 57/27/16 Blend
56$2,790,000$2,790,000$2,790,000$2,790,000
57$3,080,713$2,932,843$2,889,598$3,243,142
58$3,342,852$3,024,458$2,934,306$3,445,610
59$3,630,088$3,118,922$2,978,870$3,660,285
60$3,944,929$3,216,321$3,023,234$3,893,101
61$4,290,138$3,316,747$3,067,339$4,145,812
62$4,668,757$3,420,293$3,111,120$4,420,343
63$5,084,138$3,527,055$3,154,510$4,718,816
64$5,539,972$3,637,132$3,197,438$5,043,566
65$6,040,324$3,750,627$3,239,827$5,397,163
66$6,589,673$3,867,643$3,281,597$5,782,437
67$7,192,952$3,988,291$3,322,663$6,202,504
68$7,855,597$4,112,681$3,362,936$6,660,795
69$8,583,594$4,240,928$3,402,320$7,161,086
70$9,383,538$4,373,151$3,440,716$7,707,539
71$10,262,696$4,509,472$3,478,017$8,304,735
72$11,229,072$4,650,018$3,514,111$8,957,718
73$12,291,485$4,794,916$3,548,882$9,672,046
74$13,459,652$4,944,302$3,582,205$10,453,839
75$14,744,276$5,098,313$3,613,948$11,309,839
76$16,157,151$5,257,090$3,643,975$12,247,472
77$17,711,272$5,420,779$3,672,140$13,274,916
78$19,420,956$5,589,530$3,698,290$14,401,183
79$21,301,975$5,763,500$3,722,265$15,636,199
80$23,371,712$5,942,846$3,743,895$16,990,898
81$25,649,315$6,127,734$3,763,004$18,477,326
82$28,155,884$6,318,332$3,779,404$20,108,755
83$30,914,669$6,514,815$3,792,900$21,899,805
84$33,951,288$6,717,363$3,803,284$23,866,584
85$37,293,966$6,926,161$3,810,340$26,026,841
86$40,973,806$7,141,398$3,813,842$28,400,127
87$45,025,079$7,363,272$3,813,551$31,007,987
88$49,485,548$7,591,984$3,809,216$33,874,157
89$54,396,825$7,827,741$3,800,576$37,024,790
90$59,804,760$8,070,759$3,787,354$40,488,703
91$65,759,877$8,321,258$3,769,262$44,297,647
92$72,317,849$8,579,465$3,745,997$48,486,607
93$79,540,025$8,845,613$3,717,242$53,094,132
94$87,494,003$9,119,944$3,682,666$58,162,699
95$96,254,276$9,402,706$3,641,920$63,739,109
96$105,902,926$9,694,153$3,594,639$69,874,938
97$116,530,407$9,994,548$3,540,441$76,627,011
98$128,236,390$10,304,163$3,478,927$84,057,950
99$141,130,710$10,623,275$3,409,679$92,236,754
100$155,334,397$10,952,171$3,332,259$101,239,459