Can I retire at age 57 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$237,002$234,891$232,831$230,821$228,858$220,300
2 years$117,328$115,143$113,025$110,972$108,980$100,456
3 years$77,441$75,247$73,135$71,101$69,141$60,919
4 years$57,502$55,314$53,223$51,224$49,312$41,455
5 years$45,542$43,367$41,303$39,345$37,486$30,014
6 years$37,571$35,413$33,379$31,464$29,662$22,580
7 years$31,880$29,739$27,738$25,869$24,123$17,430
8 years$27,613$25,492$23,524$21,701$20,012$13,701
9 years$24,296$22,196$20,261$18,484$16,853$10,916
10 years$21,645$19,564$17,664$15,933$14,360$8,785
11 years$19,476$17,417$15,551$13,867$12,350$7,126
12 years$17,671$15,632$13,802$12,163$10,702$5,815
13 years$16,144$14,127$12,331$10,738$9,332$4,769
14 years$14,837$12,841$11,079$9,532$8,181$3,926
15 years$13,705$11,731$10,003$8,501$7,203$3,243
16 years$12,715$10,763$9,069$7,612$6,366$2,685
17 years$11,843$9,912$8,253$6,839$5,645$2,228
18 years$11,068$9,159$7,534$6,163$5,019$1,852
19 years$10,376$8,489$6,897$5,569$4,473$1,541
20 years$9,754$7,888$6,329$5,044$3,996$1,284
21 years$9,192$7,347$5,822$4,578$3,576$1,071
22 years$8,682$6,859$5,366$4,162$3,205$894
23 years$8,216$6,415$4,954$3,791$2,877$747
24 years$7,791$6,010$4,582$3,457$2,586$625
25 years$7,399$5,640$4,244$3,157$2,327$522
26 years$7,039$5,301$3,936$2,887$2,096$437
27 years$6,706$4,989$3,655$2,642$1,890$366
28 years$6,397$4,701$3,398$2,421$1,705$306
29 years$6,110$4,435$3,162$2,220$1,540$256
30 years$5,842$4,188$2,945$2,038$1,391$215
31 years$5,592$3,959$2,746$1,871$1,258$180
32 years$5,359$3,746$2,562$1,720$1,138$151
33 years$5,140$3,548$2,392$1,581$1,030$126
34 years$4,934$3,362$2,235$1,455$932$106
35 years$4,741$3,189$2,089$1,340$844$89
36 years$4,558$3,027$1,955$1,234$765$74
37 years$4,386$2,875$1,829$1,137$693$62
38 years$4,224$2,732$1,713$1,048$629$52
39 years$4,070$2,598$1,605$966$570$44
40 years$3,924$2,472$1,504$891$517$37
41 years$3,785$2,353$1,411$822$469$31
42 years$3,654$2,241$1,323$759$426$26
43 years$3,529$2,135$1,242$700$386$22
44 years$3,410$2,035$1,166$647$351$18
45 years$3,297$1,941$1,094$597$318$15
46 years$3,188$1,851$1,028$552$289$13
47 years$3,085$1,767$966$510$262$11
48 years$2,987$1,687$907$471$238$9
49 years$2,892$1,611$853$435$216$7
50 years$2,802$1,539$802$402$197$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,870,000, adding $6,345 every year, while hoping to spend $29,214 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: 54/41/5 Blend
56$2,870,000$2,870,000$2,870,000$2,870,000
57$3,169,285$3,017,175$2,972,690$3,336,746
58$3,461,468$3,133,933$3,041,192$3,567,266
59$3,782,476$3,255,433$3,111,009$3,814,230
60$4,135,216$3,381,877$3,182,155$4,082,275
61$4,522,893$3,513,474$3,254,643$4,373,399
62$4,949,039$3,650,446$3,328,484$4,689,798
63$5,417,544$3,793,020$3,403,691$5,033,887
64$5,932,693$3,941,437$3,480,274$5,408,320
65$6,499,207$4,095,948$3,558,243$5,816,014
66$7,122,290$4,256,812$3,637,608$6,260,179
67$7,807,672$4,424,304$3,718,376$6,744,343
68$8,561,668$4,598,709$3,800,556$7,272,387
69$9,391,237$4,780,325$3,884,153$7,848,581
70$10,304,045$4,969,463$3,969,174$8,477,620
71$11,308,539$5,166,448$4,055,622$9,164,672
72$12,414,025$5,371,619$4,143,501$9,915,421
73$13,630,760$5,585,333$4,232,813$10,736,123
74$14,970,043$5,807,959$4,323,557$11,633,661
75$16,444,324$6,039,886$4,415,733$12,615,613
76$18,067,323$6,281,519$4,509,338$13,690,316
77$19,854,157$6,533,280$4,604,368$14,866,947
78$21,821,483$6,795,612$4,700,816$16,155,609
79$23,987,656$7,068,979$4,798,675$17,567,424
80$26,372,900$7,353,862$4,897,934$19,114,634
81$28,999,501$7,650,767$4,998,580$20,810,718
82$31,892,018$7,960,222$5,100,601$22,670,516
83$35,077,511$8,282,780$5,203,978$24,710,368
84$38,585,798$8,619,017$5,308,692$26,948,266
85$42,449,737$8,969,537$5,414,721$29,404,021
86$46,705,536$9,334,969$5,522,039$32,099,451
87$51,393,093$9,715,975$5,630,620$35,058,579
88$56,556,374$10,113,243$5,740,431$38,307,865
89$62,243,826$10,527,495$5,851,438$41,876,447
90$68,508,839$10,959,484$5,963,603$45,796,418
91$75,410,241$11,409,999$6,076,885$50,103,123
92$83,012,861$11,879,865$6,191,236$54,835,493
93$91,388,138$12,369,944$6,306,607$60,036,408
94$100,614,794$12,881,137$6,422,945$65,753,100
95$110,779,578$13,414,388$6,540,189$72,037,595
96$121,978,086$13,970,684$6,658,276$78,947,199
97$134,315,660$14,551,057$6,777,138$86,545,042
98$147,908,384$15,156,586$6,896,699$94,900,663
99$162,884,181$15,788,400$7,016,880$104,090,668
100$179,384,018$16,447,681$7,137,595$114,199,447