Can I retire at age 57 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$233,699$231,617$229,586$227,604$225,668$217,575
2 years$115,692$113,538$111,450$109,425$107,461$99,395
3 years$76,362$74,198$72,115$70,110$68,178$60,392
4 years$56,701$54,544$52,481$50,510$48,625$41,179
5 years$44,907$42,763$40,728$38,797$36,964$29,877
6 years$37,047$34,919$32,914$31,026$29,248$22,527
7 years$31,435$29,325$27,352$25,508$23,787$17,428
8 years$27,228$25,137$23,196$21,398$19,733$13,733
9 years$23,958$21,886$19,979$18,226$16,618$10,968
10 years$21,343$19,292$17,418$15,711$14,160$8,849
11 years$19,205$17,174$15,335$13,674$12,178$7,196
12 years$17,424$15,415$13,609$11,994$10,553$5,889
13 years$15,919$13,930$12,159$10,589$9,202$4,842
14 years$14,630$12,662$10,925$9,399$8,067$3,998
15 years$13,514$11,567$9,864$8,383$7,103$3,311
16 years$12,538$10,613$8,943$7,506$6,277$2,750
17 years$11,678$9,774$8,138$6,744$5,566$2,288
18 years$10,914$9,032$7,429$6,077$4,949$1,908
19 years$10,232$8,370$6,801$5,492$4,411$1,593
20 years$9,618$7,778$6,241$4,974$3,940$1,331
21 years$9,064$7,245$5,741$4,514$3,526$1,114
22 years$8,561$6,763$5,291$4,104$3,160$933
23 years$8,102$6,325$4,885$3,738$2,837$782
24 years$7,682$5,926$4,518$3,409$2,550$656
25 years$7,296$5,562$4,185$3,113$2,295$550
26 years$6,941$5,227$3,881$2,847$2,067$462
27 years$6,612$4,919$3,604$2,606$1,863$387
28 years$6,307$4,635$3,350$2,387$1,681$325
29 years$6,024$4,373$3,118$2,189$1,518$273
30 years$5,761$4,130$2,904$2,009$1,372$230
31 years$5,514$3,904$2,707$1,845$1,240$193
32 years$5,284$3,694$2,526$1,696$1,122$162
33 years$5,068$3,498$2,359$1,559$1,015$136
34 years$4,865$3,316$2,204$1,435$919$115
35 years$4,674$3,145$2,060$1,321$833$96
36 years$4,495$2,985$1,927$1,216$754$81
37 years$4,325$2,835$1,804$1,121$684$68
38 years$4,165$2,694$1,689$1,033$620$57
39 years$4,013$2,562$1,583$953$562$48
40 years$3,869$2,437$1,483$879$510$40
41 years$3,733$2,320$1,391$811$463$34
42 years$3,603$2,210$1,305$748$420$29
43 years$3,480$2,105$1,224$691$381$24
44 years$3,362$2,007$1,149$638$346$20
45 years$3,251$1,914$1,079$589$314$17
46 years$3,144$1,826$1,014$544$285$14
47 years$3,042$1,742$952$503$259$12
48 years$2,945$1,663$895$464$235$10
49 years$2,852$1,588$841$429$213$9
50 years$2,763$1,517$791$397$194$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,830,000, adding $4,295 every year, while hoping to spend $38,010 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: 87/7/6 Blend
56$2,830,000$2,830,000$2,830,000$2,830,000
57$3,123,090$2,973,100$2,929,235$3,393,771
58$3,401,203$3,078,340$2,986,922$3,675,940
59$3,706,410$3,187,462$3,045,268$3,980,304
60$4,041,433$3,300,618$3,104,254$4,313,595
61$4,409,273$3,417,962$3,163,861$4,678,699
62$4,813,235$3,539,658$3,224,066$5,078,795
63$5,256,959$3,665,875$3,284,846$5,517,383
64$5,744,455$3,796,789$3,346,175$5,998,321
65$6,280,141$3,932,584$3,408,023$6,525,856
66$6,868,885$4,073,449$3,470,361$7,104,667
67$7,516,047$4,219,585$3,533,155$7,739,905
68$8,227,536$4,371,196$3,596,367$8,437,250
69$9,009,860$4,528,500$3,659,961$9,202,952
70$9,870,189$4,691,720$3,723,892$10,043,903
71$10,816,423$4,861,089$3,788,118$10,967,688
72$11,857,266$5,036,850$3,852,588$11,982,670
73$13,002,309$5,219,258$3,917,251$13,098,058
74$14,262,118$5,408,574$3,982,052$14,323,997
75$15,648,334$5,605,075$4,046,931$15,671,668
76$17,173,787$5,809,046$4,111,826$17,153,385
77$18,852,609$6,020,785$4,176,668$18,782,718
78$20,700,374$6,240,603$4,241,386$20,574,615
79$22,734,243$6,468,823$4,305,903$22,545,549
80$24,973,123$6,705,783$4,370,138$24,713,666
81$27,437,849$6,951,833$4,434,004$27,098,962
82$30,151,376$7,207,340$4,497,410$29,723,468
83$33,139,002$7,472,685$4,560,259$32,611,458
84$36,428,599$7,748,266$4,622,447$35,789,679
85$40,050,882$8,034,496$4,683,865$39,287,602
86$44,039,695$8,331,809$4,744,397$43,137,699
87$48,432,330$8,640,655$4,803,921$47,375,750
88$53,269,883$8,961,502$4,862,308$52,041,180
89$58,597,637$9,294,841$4,919,420$57,177,433
90$64,465,489$9,641,181$4,975,114$62,832,377
91$70,928,425$10,001,056$5,029,236$69,058,758
92$78,047,035$10,375,019$5,081,627$75,914,697
93$85,888,088$10,763,649$5,132,116$83,464,240
94$94,525,155$11,167,550$5,180,524$91,777,957
95$104,039,312$11,587,352$5,226,664$100,933,614
96$114,519,900$12,023,710$5,270,335$111,016,901
97$126,065,369$12,477,311$5,311,330$122,122,243
98$138,784,205$12,948,867$5,349,428$134,353,691
99$152,795,957$13,439,125$5,384,397$147,825,902
100$168,232,365$13,948,863$5,415,995$162,665,220