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%18.5%
1 years$233,699$231,617$229,586$227,604$225,668$217,921
2 years$115,692$113,538$111,450$109,425$107,461$99,735
3 years$76,362$74,198$72,115$70,110$68,178$60,715
4 years$56,701$54,544$52,481$50,510$48,625$41,483
5 years$44,907$42,763$40,728$38,797$36,964$30,162
6 years$37,047$34,919$32,914$31,026$29,248$22,791
7 years$31,435$29,325$27,352$25,508$23,787$17,673
8 years$27,228$25,137$23,196$21,398$19,733$13,959
9 years$23,958$21,886$19,979$18,226$16,618$11,175
10 years$21,343$19,292$17,418$15,711$14,160$9,040
11 years$19,205$17,174$15,335$13,674$12,178$7,370
12 years$17,424$15,415$13,609$11,994$10,553$6,047
13 years$15,919$13,930$12,159$10,589$9,202$4,986
14 years$14,630$12,662$10,925$9,399$8,067$4,128
15 years$13,514$11,567$9,864$8,383$7,103$3,429
16 years$12,538$10,613$8,943$7,506$6,277$2,856
17 years$11,678$9,774$8,138$6,744$5,566$2,383
18 years$10,914$9,032$7,429$6,077$4,949$1,993
19 years$10,232$8,370$6,801$5,492$4,411$1,669
20 years$9,618$7,778$6,241$4,974$3,940$1,399
21 years$9,064$7,245$5,741$4,514$3,526$1,175
22 years$8,561$6,763$5,291$4,104$3,160$987
23 years$8,102$6,325$4,885$3,738$2,837$829
24 years$7,682$5,926$4,518$3,409$2,550$698
25 years$7,296$5,562$4,185$3,113$2,295$587
26 years$6,941$5,227$3,881$2,847$2,067$494
27 years$6,612$4,919$3,604$2,606$1,863$416
28 years$6,307$4,635$3,350$2,387$1,681$351
29 years$6,024$4,373$3,118$2,189$1,518$296
30 years$5,761$4,130$2,904$2,009$1,372$249
31 years$5,514$3,904$2,707$1,845$1,240$210
32 years$5,284$3,694$2,526$1,696$1,122$177
33 years$5,068$3,498$2,359$1,559$1,015$149
34 years$4,865$3,316$2,204$1,435$919$126
35 years$4,674$3,145$2,060$1,321$833$106
36 years$4,495$2,985$1,927$1,216$754$90
37 years$4,325$2,835$1,804$1,121$684$76
38 years$4,165$2,694$1,689$1,033$620$64
39 years$4,013$2,562$1,583$953$562$54
40 years$3,869$2,437$1,483$879$510$45
41 years$3,733$2,320$1,391$811$463$38
42 years$3,603$2,210$1,305$748$420$32
43 years$3,480$2,105$1,224$691$381$27
44 years$3,362$2,007$1,149$638$346$23
45 years$3,251$1,914$1,079$589$314$19
46 years$3,144$1,826$1,014$544$285$16
47 years$3,042$1,742$952$503$259$14
48 years$2,945$1,663$895$464$235$12
49 years$2,852$1,588$841$429$213$10
50 years$2,763$1,517$791$397$194$8

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 $4,657 every year, while hoping to spend $36,043 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: 71/15/14 Blend
56$2,830,000$2,830,000$2,830,000$2,830,000
57$3,123,464$2,973,474$2,929,609$3,335,216
58$3,403,708$3,080,824$2,989,401$3,583,672
59$3,711,328$3,192,227$3,049,989$3,850,758
60$4,049,080$3,307,843$3,111,360$4,142,199
61$4,419,997$3,427,838$3,173,501$4,460,394
62$4,827,423$3,552,388$3,236,399$4,807,982
63$5,275,037$3,681,673$3,300,036$5,187,871
64$5,766,898$3,815,882$3,364,394$5,603,261
65$6,307,474$3,955,212$3,429,454$6,057,679
66$6,901,688$4,099,869$3,495,192$6,555,003
67$7,554,963$4,250,065$3,561,584$7,099,509
68$8,273,275$4,406,024$3,628,603$7,695,903
69$9,063,208$4,567,978$3,696,220$8,349,368
70$9,932,015$4,736,169$3,764,403$9,065,614
71$10,887,687$4,910,848$3,833,117$9,850,927
72$11,939,030$5,092,279$3,902,325$10,712,234
73$13,095,745$5,280,734$3,971,988$11,657,161
74$14,368,522$5,476,501$4,042,060$12,694,112
75$15,769,138$5,679,876$4,112,495$13,832,342
76$17,310,570$5,891,170$4,183,244$15,082,046
77$19,007,117$6,110,706$4,254,251$16,454,454
78$20,874,533$6,338,822$4,325,459$17,961,940
79$22,930,181$6,575,869$4,396,807$19,618,131
80$25,193,187$6,822,214$4,468,228$21,438,045
81$27,684,630$7,078,240$4,539,652$23,438,221
82$30,427,735$7,344,347$4,611,002$25,636,885
83$33,448,093$7,620,949$4,682,201$28,054,114
84$36,773,906$7,908,483$4,753,161$30,712,028
85$40,436,245$8,207,399$4,823,793$33,634,999
86$44,469,352$8,518,172$4,894,000$36,849,876
87$48,910,957$8,841,294$4,963,681$40,386,246
88$53,802,637$9,177,279$5,032,726$44,276,702
89$59,190,205$9,526,665$5,101,021$48,557,159
90$65,124,145$9,890,011$5,168,445$53,267,187
91$71,660,088$10,267,902$5,234,868$58,450,387
92$78,859,336$10,660,948$5,300,155$64,154,799
93$86,789,440$11,069,785$5,364,161$70,433,355
94$95,524,837$11,495,079$5,426,735$77,344,380
95$105,147,555$11,937,523$5,487,716$84,952,141
96$115,747,985$12,397,841$5,546,934$93,327,450
97$127,425,733$12,876,789$5,604,210$102,548,335
98$140,290,563$13,375,156$5,659,355$112,700,774
99$154,463,428$13,893,767$5,712,171$123,879,505
100$170,077,617$14,433,481$5,762,448$136,188,922