Can I retire at age 57 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$235,350$233,254$231,209$229,212$227,263$218,678
2 years$116,510$114,340$112,237$110,198$108,220$99,671
3 years$76,902$74,723$72,625$70,605$68,660$60,414
4 years$57,102$54,929$52,852$50,867$48,969$41,091
5 years$45,225$43,065$41,016$39,071$37,225$29,735
6 years$37,309$35,166$33,147$31,245$29,455$22,357
7 years$31,657$29,532$27,545$25,688$23,955$17,248
8 years$27,421$25,315$23,360$21,549$19,873$13,550
9 years$24,127$22,041$20,120$18,355$16,736$10,789
10 years$21,494$19,428$17,541$15,822$14,260$8,677
11 years$19,341$17,296$15,443$13,770$12,264$7,034
12 years$17,548$15,524$13,705$12,078$10,628$5,736
13 years$16,032$14,029$12,245$10,663$9,267$4,701
14 years$14,733$12,752$11,002$9,466$8,124$3,868
15 years$13,609$11,649$9,933$8,442$7,153$3,192
16 years$12,627$10,688$9,006$7,559$6,322$2,641
17 years$11,760$9,843$8,195$6,791$5,605$2,190
18 years$10,991$9,095$7,481$6,120$4,984$1,819
19 years$10,304$8,429$6,849$5,530$4,442$1,513
20 years$9,686$7,833$6,285$5,009$3,968$1,260
21 years$9,128$7,296$5,781$4,546$3,551$1,050
22 years$8,621$6,811$5,328$4,133$3,183$876
23 years$8,159$6,370$4,920$3,764$2,857$731
24 years$7,736$5,968$4,550$3,433$2,568$611
25 years$7,348$5,601$4,214$3,135$2,311$510
26 years$6,990$5,264$3,908$2,867$2,082$426
27 years$6,659$4,954$3,629$2,624$1,877$357
28 years$6,352$4,668$3,374$2,404$1,693$298
29 years$6,067$4,404$3,140$2,205$1,529$249
30 years$5,801$4,159$2,925$2,023$1,382$209
31 years$5,553$3,932$2,726$1,858$1,249$175
32 years$5,321$3,720$2,544$1,708$1,130$146
33 years$5,104$3,523$2,375$1,570$1,023$122
34 years$4,900$3,339$2,219$1,445$926$102
35 years$4,708$3,167$2,075$1,330$839$86
36 years$4,526$3,006$1,941$1,225$760$72
37 years$4,356$2,855$1,817$1,129$689$60
38 years$4,194$2,713$1,701$1,040$624$50
39 years$4,041$2,580$1,594$959$566$42
40 years$3,896$2,455$1,494$885$513$35
41 years$3,759$2,337$1,401$816$466$30
42 years$3,628$2,225$1,314$753$423$25
43 years$3,504$2,120$1,233$695$384$21
44 years$3,386$2,021$1,157$642$348$17
45 years$3,274$1,927$1,087$593$316$15
46 years$3,166$1,839$1,021$548$287$12
47 years$3,064$1,755$959$506$261$10
48 years$2,966$1,675$901$468$237$9
49 years$2,872$1,599$847$432$215$7
50 years$2,783$1,528$796$399$195$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,850,000, adding $4,882 every year, while hoping to spend $53,212 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: 67/5/28 Blend
56$2,850,000$2,850,000$2,850,000$2,850,000
57$3,145,736$2,994,686$2,950,511$3,333,109
58$3,409,984$3,084,808$2,992,736$3,550,102
59$3,699,401$3,177,563$3,034,592$3,780,911
60$4,016,500$3,273,024$3,076,010$4,032,178
61$4,364,045$3,371,264$3,116,919$4,305,928
62$4,745,083$3,472,361$3,157,241$4,604,391
63$5,162,967$3,576,392$3,196,894$4,930,025
64$5,621,393$3,683,439$3,235,793$5,285,537
65$6,124,430$3,793,582$3,273,847$5,673,911
66$6,676,561$3,906,907$3,310,961$6,098,433
67$7,282,724$4,023,499$3,347,031$6,562,724
68$7,948,358$4,143,447$3,381,953$7,070,773
69$8,679,455$4,266,839$3,415,612$7,626,979
70$9,482,614$4,393,770$3,447,891$8,236,183
71$10,365,109$4,524,333$3,478,663$8,903,724
72$11,334,949$4,658,624$3,507,797$9,635,484
73$12,400,959$4,796,742$3,535,154$10,437,944
74$13,572,863$4,938,788$3,560,587$11,318,245
75$14,861,372$5,084,865$3,583,943$12,284,258
76$16,278,286$5,235,079$3,605,060$13,344,655
77$17,836,610$5,389,536$3,623,768$14,508,992
78$19,550,667$5,548,346$3,639,887$15,787,801
79$21,436,242$5,711,622$3,653,231$17,192,687
80$23,510,725$5,879,478$3,663,600$18,736,440
81$25,793,277$6,052,030$3,670,789$20,433,153
82$28,305,009$6,229,398$3,674,578$22,298,357
83$31,069,185$6,411,702$3,674,741$24,349,168
84$34,111,433$6,599,067$3,671,036$26,604,447
85$37,459,996$6,791,619$3,663,213$29,084,981
86$41,145,993$6,989,485$3,651,008$31,813,676
87$45,203,711$7,192,796$3,634,143$34,815,776
88$49,670,932$7,401,686$3,612,330$38,119,099
89$54,589,288$7,616,290$3,585,263$41,754,304
90$60,004,651$7,836,744$3,552,626$45,755,176
91$65,967,570$8,063,189$3,514,084$50,158,947
92$72,533,744$8,295,767$3,469,287$55,006,649
93$79,764,549$8,534,623$3,417,871$60,343,501
94$87,727,615$8,779,901$3,359,452$66,219,334
95$96,497,467$9,031,751$3,293,628$72,689,064
96$106,156,225$9,290,323$3,219,981$79,813,213
97$116,794,381$9,555,770$3,138,072$87,658,473
98$128,511,650$9,828,246$3,047,440$96,298,345
99$141,417,915$10,107,907$2,947,606$105,813,830
100$155,634,259$10,394,910$2,838,067$116,294,190