Can I retire at age 57 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$234,525$232,436$230,397$228,408$226,466$222,439
2 years$116,101$113,939$111,843$109,812$107,841$103,798
3 years$76,632$74,460$72,370$70,357$68,419$64,485
4 years$56,901$54,736$52,667$50,689$48,797$45,003
5 years$45,066$42,914$40,872$38,934$37,094$33,452
6 years$37,178$35,042$33,030$31,136$29,352$25,864
7 years$31,546$29,429$27,448$25,598$23,871$20,539
8 years$27,324$25,226$23,278$21,474$19,803$16,626
9 years$24,042$21,964$20,050$18,291$16,677$13,653
10 years$21,418$19,360$17,480$15,767$14,210$11,336
11 years$19,273$17,235$15,389$13,722$12,221$9,495
12 years$17,486$15,469$13,657$12,036$10,590$8,008
13 years$15,975$13,980$12,202$10,626$9,235$6,792
14 years$14,682$12,707$10,963$9,433$8,095$5,788
15 years$13,561$11,608$9,899$8,412$7,128$4,951
16 years$12,582$10,650$8,974$7,532$6,300$4,249
17 years$11,719$9,808$8,166$6,768$5,586$3,656
18 years$10,953$9,063$7,455$6,099$4,966$3,153
19 years$10,268$8,400$6,825$5,511$4,427$2,725
20 years$9,652$7,806$6,263$4,991$3,954$2,359
21 years$9,096$7,271$5,761$4,530$3,538$2,045
22 years$8,591$6,787$5,310$4,119$3,172$1,775
23 years$8,131$6,348$4,903$3,751$2,847$1,542
24 years$7,709$5,947$4,534$3,421$2,559$1,341
25 years$7,322$5,581$4,199$3,124$2,303$1,167
26 years$6,965$5,245$3,895$2,857$2,074$1,016
27 years$6,635$4,937$3,617$2,615$1,870$886
28 years$6,330$4,652$3,362$2,396$1,687$772
29 years$6,046$4,388$3,129$2,197$1,524$673
30 years$5,781$4,144$2,914$2,016$1,377$588
31 years$5,534$3,918$2,717$1,852$1,245$513
32 years$5,303$3,707$2,535$1,702$1,126$448
33 years$5,086$3,511$2,367$1,565$1,019$391
34 years$4,882$3,327$2,211$1,440$923$342
35 years$4,691$3,156$2,068$1,326$836$299
36 years$4,511$2,995$1,934$1,221$757$261
37 years$4,340$2,845$1,810$1,125$686$228
38 years$4,179$2,704$1,695$1,037$622$199
39 years$4,027$2,571$1,588$956$564$174
40 years$3,883$2,446$1,489$882$512$152
41 years$3,746$2,328$1,396$813$464$133
42 years$3,616$2,217$1,309$751$421$116
43 years$3,492$2,113$1,229$693$382$102
44 years$3,374$2,014$1,153$640$347$89
45 years$3,262$1,920$1,083$591$315$78
46 years$3,155$1,832$1,017$546$286$68
47 years$3,053$1,748$956$504$260$60
48 years$2,955$1,669$898$466$236$52
49 years$2,862$1,594$844$431$214$46
50 years$2,773$1,522$794$398$195$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,840,000, adding $3,920 every year, while hoping to spend $49,170 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: 44/36/20 Blend
56$2,840,000$2,840,000$2,840,000$2,840,000
57$3,133,723$2,983,203$2,939,183$3,253,306
58$3,401,047$3,077,064$2,985,330$3,431,811
59$3,693,989$3,173,876$3,031,374$3,620,044
60$4,015,112$3,273,731$3,077,260$3,823,062
61$4,367,235$3,376,726$3,122,931$4,042,256
62$4,753,467$3,482,959$3,168,323$4,279,158
63$5,177,228$3,592,532$3,213,369$4,535,451
64$5,642,289$3,705,550$3,258,001$4,812,988
65$6,152,801$3,822,120$3,302,142$5,113,808
66$6,713,338$3,942,355$3,345,715$5,440,155
67$7,328,937$4,066,370$3,388,635$5,794,497
68$8,005,149$4,194,282$3,430,815$6,179,553
69$8,748,088$4,326,215$3,472,160$6,598,314
70$9,564,488$4,462,295$3,512,573$7,054,073
71$10,461,769$4,602,651$3,551,948$7,550,455
72$11,448,108$4,747,419$3,590,176$8,091,454
73$12,532,509$4,896,736$3,627,141$8,681,463
74$13,724,894$5,050,746$3,662,720$9,325,323
75$15,036,196$5,209,596$3,696,784$10,028,363
76$16,478,459$5,373,437$3,729,197$10,796,454
77$18,064,953$5,542,426$3,759,816$11,636,058
78$19,810,298$5,716,725$3,788,490$12,554,296
79$21,730,604$5,896,500$3,815,060$13,559,008
80$23,843,621$6,081,923$3,839,360$14,658,833
81$26,168,904$6,273,172$3,861,213$15,863,282
82$28,728,004$6,470,429$3,880,435$17,182,836
83$31,544,663$6,673,882$3,896,831$18,629,039
84$34,645,042$6,883,726$3,910,199$20,214,608
85$38,057,970$7,100,162$3,920,324$21,953,551
86$41,815,208$7,323,396$3,926,980$23,861,302
87$45,951,758$7,553,640$3,929,933$25,954,864
88$50,506,185$7,791,116$3,928,933$28,252,968
89$55,520,984$8,036,050$3,923,721$30,776,253
90$61,042,983$8,288,675$3,914,024$33,547,456
91$67,123,780$8,549,233$3,899,557$36,591,627
92$73,820,233$8,817,972$3,880,019$39,936,368
93$81,194,993$9,095,149$3,855,096$43,612,091
94$89,317,099$9,381,028$3,824,458$47,652,302
95$98,262,627$9,675,882$3,787,761$52,093,921
96$108,115,407$9,979,992$3,744,643$56,977,628
97$118,967,815$10,293,648$3,694,725$62,348,246
98$130,921,645$10,617,150$3,637,611$68,255,163
99$144,089,067$10,950,805$3,572,886$74,752,800
100$158,593,689$11,294,932$3,500,115$81,901,122