Can I retire at age 57 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$236,176$234,072$232,020$230,017$228,060$221,114
2 years$116,919$114,741$112,631$110,585$108,600$101,662
3 years$77,172$74,985$72,880$70,853$68,900$62,187
4 years$57,302$55,122$53,038$51,045$49,140$42,704
5 years$45,383$43,216$41,159$39,208$37,356$31,213
6 years$37,440$35,289$33,263$31,355$29,558$23,715
7 years$31,769$29,636$27,642$25,779$24,039$18,495
8 years$27,517$25,403$23,442$21,625$19,943$14,694
9 years$24,212$22,118$20,191$18,420$16,794$11,836
10 years$21,569$19,496$17,603$15,878$14,310$9,635
11 years$19,408$17,356$15,497$13,819$12,307$7,906
12 years$17,609$15,578$13,753$12,121$10,665$6,530
13 years$16,088$14,078$12,288$10,701$9,300$5,421
14 years$14,785$12,796$11,041$9,499$8,152$4,520
15 years$13,657$11,690$9,968$8,471$7,178$3,781
16 years$12,671$10,725$9,038$7,585$6,344$3,171
17 years$11,802$9,878$8,224$6,815$5,625$2,667
18 years$11,030$9,127$7,507$6,142$5,001$2,246
19 years$10,340$8,459$6,873$5,550$4,458$1,895
20 years$9,720$7,861$6,307$5,026$3,982$1,601
21 years$9,160$7,322$5,802$4,562$3,563$1,355
22 years$8,651$6,835$5,347$4,148$3,194$1,147
23 years$8,188$6,392$4,937$3,777$2,867$972
24 years$7,763$5,989$4,566$3,445$2,577$824
25 years$7,374$5,621$4,229$3,146$2,319$699
26 years$7,014$5,282$3,922$2,877$2,089$593
27 years$6,682$4,971$3,642$2,633$1,883$504
28 years$6,374$4,684$3,386$2,413$1,699$428
29 years$6,088$4,419$3,151$2,212$1,534$364
30 years$5,822$4,174$2,935$2,030$1,386$309
31 years$5,573$3,945$2,736$1,865$1,253$263
32 years$5,340$3,733$2,553$1,714$1,134$223
33 years$5,122$3,535$2,384$1,576$1,026$190
34 years$4,917$3,351$2,227$1,450$929$162
35 years$4,724$3,178$2,082$1,335$841$137
36 years$4,542$3,016$1,948$1,229$762$117
37 years$4,371$2,865$1,823$1,133$691$99
38 years$4,209$2,723$1,707$1,044$626$85
39 years$4,055$2,589$1,599$963$568$72
40 years$3,910$2,463$1,499$888$515$61
41 years$3,772$2,345$1,406$819$467$52
42 years$3,641$2,233$1,319$756$424$44
43 years$3,517$2,128$1,237$698$385$38
44 years$3,398$2,028$1,162$644$349$32
45 years$3,285$1,934$1,091$595$317$27
46 years$3,177$1,845$1,024$550$288$23
47 years$3,075$1,761$962$508$262$20
48 years$2,976$1,681$904$469$238$17
49 years$2,882$1,605$850$434$216$14
50 years$2,792$1,533$799$401$196$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,860,000, adding $2,283 every year, while hoping to spend $53,285 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: 63/13/24 Blend
56$2,860,000$2,860,000$2,860,000$2,860,000
57$3,154,075$3,002,495$2,958,165$3,332,756
58$3,419,096$3,092,922$3,000,569$3,544,244
59$3,709,363$3,185,995$3,042,607$3,769,025
60$4,027,395$3,281,786$3,084,211$4,013,350
61$4,375,966$3,380,370$3,125,309$4,279,136
62$4,758,132$3,481,825$3,165,824$4,568,497
63$5,177,256$3,586,230$3,205,675$4,883,760
64$5,637,046$3,693,665$3,244,774$5,227,487
65$6,141,583$3,804,213$3,283,033$5,602,501
66$6,695,365$3,917,959$3,320,354$6,011,913
67$7,303,343$4,034,990$3,356,637$6,459,147
68$7,970,974$4,155,395$3,391,774$6,947,977
69$8,704,268$4,279,264$3,425,653$7,482,561
70$9,509,846$4,406,690$3,458,156$8,067,478
71$10,395,002$4,537,770$3,489,155$8,707,775
72$11,367,771$4,672,599$3,518,521$9,409,010
73$12,437,005$4,811,279$3,546,114$10,177,310
74$13,612,458$4,953,910$3,571,787$11,019,422
75$14,904,874$5,100,596$3,595,386$11,942,782
76$16,326,090$5,251,444$3,616,751$12,955,584
77$17,889,149$5,406,563$3,635,710$14,066,856
78$19,608,421$5,566,064$3,652,085$15,286,544
79$21,499,738$5,730,059$3,665,688$16,625,609
80$23,580,544$5,898,664$3,676,321$18,096,129
81$25,870,059$6,071,998$3,683,777$19,711,412
82$28,389,460$6,250,181$3,687,839$21,486,124
83$31,162,080$6,433,335$3,688,277$23,436,425
84$34,213,630$6,621,586$3,684,852$25,580,121
85$37,572,438$6,815,062$3,677,312$27,936,836
86$41,269,719$7,013,892$3,665,394$30,528,192
87$45,339,866$7,218,208$3,648,820$33,378,019
88$49,820,778$7,428,146$3,627,301$36,512,575
89$54,754,215$7,643,843$3,600,534$39,960,794
90$60,186,191$7,865,438$3,568,198$43,754,564
91$66,167,412$8,093,073$3,529,961$47,929,023
92$72,753,747$8,326,892$3,485,474$52,522,894
93$80,006,761$8,567,043$3,434,370$57,578,849
94$87,994,296$8,813,672$3,376,266$63,143,911
95$96,791,104$9,066,933$3,310,761$69,269,902
96$106,479,561$9,326,976$3,237,436$76,013,927
97$117,150,437$9,593,959$3,155,851$83,438,918
98$128,903,755$9,868,037$3,065,546$91,614,225
99$141,849,738$10,149,371$2,966,041$100,616,273
100$156,109,842$10,438,120$2,856,834$110,529,283