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%17.8%
1 years$233,699$231,617$229,586$227,604$225,668$218,532
2 years$115,692$113,538$111,450$109,425$107,461$100,336
3 years$76,362$74,198$72,115$70,110$68,178$61,288
4 years$56,701$54,544$52,481$50,510$48,625$42,022
5 years$44,907$42,763$40,728$38,797$36,964$30,667
6 years$37,047$34,919$32,914$31,026$29,248$23,262
7 years$31,435$29,325$27,352$25,508$23,787$18,110
8 years$27,228$25,137$23,196$21,398$19,733$14,363
9 years$23,958$21,886$19,979$18,226$16,618$11,549
10 years$21,343$19,292$17,418$15,711$14,160$9,383
11 years$19,205$17,174$15,335$13,674$12,178$7,685
12 years$17,424$15,415$13,609$11,994$10,553$6,335
13 years$15,919$13,930$12,159$10,589$9,202$5,248
14 years$14,630$12,662$10,925$9,399$8,067$4,366
15 years$13,514$11,567$9,864$8,383$7,103$3,645
16 years$12,538$10,613$8,943$7,506$6,277$3,051
17 years$11,678$9,774$8,138$6,744$5,566$2,559
18 years$10,914$9,032$7,429$6,077$4,949$2,151
19 years$10,232$8,370$6,801$5,492$4,411$1,811
20 years$9,618$7,778$6,241$4,974$3,940$1,527
21 years$9,064$7,245$5,741$4,514$3,526$1,288
22 years$8,561$6,763$5,291$4,104$3,160$1,088
23 years$8,102$6,325$4,885$3,738$2,837$920
24 years$7,682$5,926$4,518$3,409$2,550$778
25 years$7,296$5,562$4,185$3,113$2,295$659
26 years$6,941$5,227$3,881$2,847$2,067$558
27 years$6,612$4,919$3,604$2,606$1,863$472
28 years$6,307$4,635$3,350$2,387$1,681$400
29 years$6,024$4,373$3,118$2,189$1,518$339
30 years$5,761$4,130$2,904$2,009$1,372$288
31 years$5,514$3,904$2,707$1,845$1,240$244
32 years$5,284$3,694$2,526$1,696$1,122$207
33 years$5,068$3,498$2,359$1,559$1,015$175
34 years$4,865$3,316$2,204$1,435$919$149
35 years$4,674$3,145$2,060$1,321$833$126
36 years$4,495$2,985$1,927$1,216$754$107
37 years$4,325$2,835$1,804$1,121$684$91
38 years$4,165$2,694$1,689$1,033$620$77
39 years$4,013$2,562$1,583$953$562$65
40 years$3,869$2,437$1,483$879$510$56
41 years$3,733$2,320$1,391$811$463$47
42 years$3,603$2,210$1,305$748$420$40
43 years$3,480$2,105$1,224$691$381$34
44 years$3,362$2,007$1,149$638$346$29
45 years$3,251$1,914$1,079$589$314$24
46 years$3,144$1,826$1,014$544$285$21
47 years$3,042$1,742$952$503$259$18
48 years$2,945$1,663$895$464$235$15
49 years$2,852$1,588$841$429$213$13
50 years$2,763$1,517$791$397$194$11

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 $6,531 every year, while hoping to spend $46,701 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: 50/38/12 Blend
56$2,830,000$2,830,000$2,830,000$2,830,000
57$3,125,397$2,975,407$2,931,542$3,271,224
58$3,394,498$3,071,512$2,980,059$3,467,980
59$3,689,482$3,170,762$3,028,636$3,676,219
60$4,012,940$3,273,260$3,077,226$3,901,447
61$4,367,725$3,379,115$3,125,779$4,145,274
62$4,756,980$3,488,439$3,174,240$4,409,469
63$5,184,168$3,601,348$3,222,552$4,695,980
64$5,653,101$3,717,962$3,270,656$5,006,947
65$6,167,980$3,838,404$3,318,485$5,344,726
66$6,733,431$3,962,804$3,365,972$5,711,911
67$7,354,553$4,091,293$3,413,044$6,111,353
68$8,036,960$4,224,009$3,459,623$6,546,192
69$8,786,838$4,361,094$3,505,629$7,019,882
70$9,611,002$4,502,694$3,550,974$7,536,227
71$10,516,960$4,648,962$3,595,568$8,099,412
72$11,512,983$4,800,054$3,639,312$8,714,047
73$12,608,184$4,956,133$3,682,106$9,385,205
74$13,812,604$5,117,368$3,723,841$10,118,471
75$15,137,303$5,283,933$3,764,404$10,919,996
76$16,594,470$5,456,008$3,803,673$11,796,553
77$18,197,532$5,633,778$3,841,522$12,755,599
78$19,961,285$5,817,438$3,877,818$13,805,346
79$21,902,030$6,007,187$3,912,419$14,954,840
80$24,037,730$6,203,232$3,945,178$16,214,042
81$26,388,174$6,405,786$3,975,937$17,593,921
82$28,975,169$6,615,070$4,004,532$19,106,562
83$31,822,742$6,831,315$4,030,790$20,765,274
84$34,957,370$7,054,758$4,054,530$22,584,717
85$38,408,224$7,285,643$4,075,558$24,581,039
86$42,207,449$7,524,225$4,093,676$26,772,029
87$46,390,464$7,770,768$4,108,670$29,177,281
88$50,996,300$8,025,544$4,120,318$31,818,384
89$56,067,962$8,288,836$4,128,389$34,719,116
90$61,652,840$8,560,935$4,132,636$37,905,676
91$67,803,153$8,842,144$4,132,802$41,406,926
92$74,576,443$9,132,776$4,128,619$45,254,662
93$82,036,114$9,433,157$4,119,802$49,483,916
94$90,252,038$9,743,621$4,106,055$54,133,284
95$99,301,206$10,064,519$4,087,068$59,245,288
96$109,268,457$10,396,209$4,062,513$64,866,780
97$120,247,282$10,739,065$4,032,050$71,049,379
98$132,340,701$11,093,475$3,995,319$77,849,958
99$145,662,236$11,459,839$3,951,946$85,331,184
100$160,336,986$11,838,573$3,901,538$93,562,101