Can I retire at age 57 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$231,221$229,162$227,152$225,191$223,276$218,233
2 years$114,466$112,334$110,268$108,265$106,322$101,268
3 years$75,553$73,412$71,351$69,366$67,455$62,548
4 years$56,100$53,965$51,925$49,975$48,109$43,388
5 years$44,431$42,309$40,296$38,385$36,572$32,049
6 years$36,655$34,549$32,565$30,697$28,938$24,618
7 years$31,102$29,014$27,062$25,238$23,535$19,418
8 years$26,940$24,870$22,951$21,171$19,524$15,609
9 years$23,704$21,654$19,767$18,033$16,442$12,726
10 years$21,117$19,087$17,234$15,545$14,010$10,489
11 years$19,001$16,992$15,172$13,529$12,049$8,719
12 years$17,240$15,251$13,465$11,866$10,441$7,296
13 years$15,750$13,783$12,030$10,476$9,105$6,139
14 years$14,475$12,528$10,809$9,300$7,981$5,189
15 years$13,370$11,445$9,759$8,294$7,027$4,402
16 years$12,405$10,500$8,848$7,426$6,211$3,746
17 years$11,554$9,670$8,051$6,672$5,507$3,196
18 years$10,799$8,936$7,350$6,013$4,896$2,732
19 years$10,123$8,282$6,728$5,433$4,364$2,340
20 years$9,516$7,696$6,175$4,921$3,898$2,007
21 years$8,968$7,168$5,680$4,466$3,489$1,724
22 years$8,470$6,691$5,235$4,061$3,127$1,483
23 years$8,016$6,258$4,833$3,698$2,807$1,276
24 years$7,601$5,864$4,470$3,373$2,523$1,099
25 years$7,219$5,503$4,140$3,080$2,270$948
26 years$6,867$5,172$3,840$2,816$2,045$818
27 years$6,542$4,867$3,566$2,578$1,844$706
28 years$6,241$4,586$3,315$2,362$1,664$609
29 years$5,961$4,327$3,085$2,166$1,502$526
30 years$5,700$4,086$2,873$1,988$1,357$455
31 years$5,456$3,863$2,679$1,826$1,227$393
32 years$5,228$3,655$2,499$1,678$1,110$340
33 years$5,014$3,461$2,334$1,543$1,005$294
34 years$4,814$3,280$2,180$1,420$910$254
35 years$4,625$3,111$2,038$1,307$824$220
36 years$4,447$2,953$1,907$1,204$746$190
37 years$4,279$2,805$1,785$1,109$677$164
38 years$4,120$2,666$1,671$1,022$613$142
39 years$3,970$2,535$1,566$942$556$123
40 years$3,828$2,412$1,468$869$504$106
41 years$3,693$2,296$1,376$802$458$92
42 years$3,565$2,186$1,291$740$415$80
43 years$3,443$2,083$1,211$683$377$69
44 years$3,327$1,986$1,137$631$342$60
45 years$3,216$1,893$1,068$583$311$52
46 years$3,111$1,806$1,003$538$282$45
47 years$3,010$1,724$942$497$256$39
48 years$2,914$1,646$885$459$233$34
49 years$2,822$1,571$832$425$211$29
50 years$2,734$1,501$782$392$192$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,800,000, adding $4,289 every year, while hoping to spend $28,770 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: 42/49/9 Blend
56$2,800,000$2,800,000$2,800,000$2,800,000
57$3,090,024$2,941,624$2,898,224$3,211,480
58$3,374,596$3,055,153$2,964,704$3,410,177
59$3,687,229$3,173,280$3,032,446$3,621,964
60$4,030,756$3,296,201$3,101,463$3,850,633
61$4,408,298$3,424,119$3,171,766$4,097,737
62$4,823,290$3,557,246$3,243,366$4,364,974
63$5,279,520$3,695,805$3,316,273$4,654,214
64$5,781,159$3,840,028$3,390,496$4,967,508
65$6,332,804$3,990,156$3,466,045$5,307,107
66$6,939,519$4,146,443$3,542,926$5,675,486
67$7,606,883$4,309,151$3,621,147$6,075,365
68$8,341,043$4,478,558$3,700,714$6,509,730
69$9,148,773$4,654,951$3,781,631$6,981,866
70$10,037,534$4,838,631$3,863,903$7,495,381
71$11,015,551$5,029,912$3,947,532$8,054,243
72$12,091,882$5,229,122$4,032,519$8,662,814
73$13,276,511$5,436,606$4,118,865$9,325,892
74$14,580,436$5,652,720$4,206,568$10,048,750
75$16,015,778$5,877,841$4,295,625$10,837,193
76$17,595,891$6,112,359$4,386,032$11,697,600
77$19,335,490$6,356,683$4,477,783$12,636,993
78$21,250,790$6,611,241$4,570,869$13,663,096
79$23,359,658$6,876,479$4,665,280$14,784,406
80$25,681,781$7,152,864$4,761,005$16,010,275
81$28,238,853$7,440,884$4,858,029$17,350,994
82$31,054,778$7,741,050$4,956,335$18,817,886
83$34,155,898$8,053,894$5,055,905$20,423,417
84$37,571,238$8,379,974$5,156,716$22,181,304
85$41,332,784$8,719,872$5,258,745$24,106,650
86$45,475,779$9,074,197$5,361,965$26,216,077
87$50,039,062$9,443,586$5,466,344$28,527,886
88$55,065,430$9,828,705$5,571,850$31,062,224
89$60,602,042$10,230,250$5,678,445$33,841,274
90$66,700,867$10,648,948$5,786,089$36,889,458
91$73,419,170$11,085,562$5,894,738$40,233,669
92$80,820,057$11,540,886$6,004,344$43,903,519
93$88,973,067$12,015,753$6,114,853$47,931,617
94$97,954,828$12,511,034$6,226,210$52,353,872
95$107,849,785$13,027,639$6,338,352$57,209,830
96$118,750,989$13,566,519$6,451,212$62,543,043
97$130,760,982$14,128,671$6,564,721$68,401,477
98$143,992,763$14,715,137$6,678,799$74,837,961
99$158,570,851$15,327,005$6,793,366$81,910,679
100$174,632,466$15,965,416$6,908,331$89,683,720