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%13%
1 years$237,002$234,891$232,831$230,821$228,858$225,998
2 years$117,328$115,143$113,025$110,972$108,980$106,102
3 years$77,441$75,247$73,135$71,101$69,141$66,335
4 years$57,502$55,314$53,223$51,224$49,312$46,599
5 years$45,542$43,367$41,303$39,345$37,486$34,875
6 years$37,571$35,413$33,379$31,464$29,662$27,154
7 years$31,880$29,739$27,738$25,869$24,123$21,721
8 years$27,613$25,492$23,524$21,701$20,012$17,715
9 years$24,296$22,196$20,261$18,484$16,853$14,660
10 years$21,645$19,564$17,664$15,933$14,360$12,269
11 years$19,476$17,417$15,551$13,867$12,350$10,360
12 years$17,671$15,632$13,802$12,163$10,702$8,811
13 years$16,144$14,127$12,331$10,738$9,332$7,537
14 years$14,837$12,841$11,079$9,532$8,181$6,479
15 years$13,705$11,731$10,003$8,501$7,203$5,592
16 years$12,715$10,763$9,069$7,612$6,366$4,842
17 years$11,843$9,912$8,253$6,839$5,645$4,205
18 years$11,068$9,159$7,534$6,163$5,019$3,661
19 years$10,376$8,489$6,897$5,569$4,473$3,194
20 years$9,754$7,888$6,329$5,044$3,996$2,792
21 years$9,192$7,347$5,822$4,578$3,576$2,444
22 years$8,682$6,859$5,366$4,162$3,205$2,142
23 years$8,216$6,415$4,954$3,791$2,877$1,880
24 years$7,791$6,010$4,582$3,457$2,586$1,652
25 years$7,399$5,640$4,244$3,157$2,327$1,452
26 years$7,039$5,301$3,936$2,887$2,096$1,278
27 years$6,706$4,989$3,655$2,642$1,890$1,125
28 years$6,397$4,701$3,398$2,421$1,705$991
29 years$6,110$4,435$3,162$2,220$1,540$874
30 years$5,842$4,188$2,945$2,038$1,391$771
31 years$5,592$3,959$2,746$1,871$1,258$680
32 years$5,359$3,746$2,562$1,720$1,138$600
33 years$5,140$3,548$2,392$1,581$1,030$530
34 years$4,934$3,362$2,235$1,455$932$468
35 years$4,741$3,189$2,089$1,340$844$413
36 years$4,558$3,027$1,955$1,234$765$365
37 years$4,386$2,875$1,829$1,137$693$323
38 years$4,224$2,732$1,713$1,048$629$285
39 years$4,070$2,598$1,605$966$570$252
40 years$3,924$2,472$1,504$891$517$223
41 years$3,785$2,353$1,411$822$469$197
42 years$3,654$2,241$1,323$759$426$174
43 years$3,529$2,135$1,242$700$386$154
44 years$3,410$2,035$1,166$647$351$136
45 years$3,297$1,941$1,094$597$318$121
46 years$3,188$1,851$1,028$552$289$107
47 years$3,085$1,767$966$510$262$94
48 years$2,987$1,687$907$471$238$83
49 years$2,892$1,611$853$435$216$74
50 years$2,802$1,539$802$402$197$65

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 $4,726 every year, while hoping to spend $49,284 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: 42/32/26 Blend
56$2,870,000$2,870,000$2,870,000$2,870,000
57$3,167,615$3,015,505$2,971,020$3,276,359
58$3,438,274$3,110,827$3,018,111$3,450,135
59$3,734,888$3,209,168$3,065,128$3,633,176
60$4,060,053$3,310,624$3,112,017$3,830,446
61$4,416,628$3,415,293$3,158,718$4,043,286
62$4,807,760$3,523,279$3,205,172$4,273,171
63$5,236,918$3,634,686$3,251,311$4,521,723
64$5,707,921$3,749,623$3,297,068$4,790,729
65$6,224,977$3,868,202$3,342,367$5,082,154
66$6,792,720$3,990,540$3,387,132$5,398,161
67$7,416,256$4,116,755$3,431,280$5,741,132
68$8,101,209$4,246,970$3,474,722$6,113,687
69$8,853,775$4,381,315$3,517,368$6,518,712
70$9,680,779$4,519,918$3,559,119$6,959,384
71$10,589,741$4,662,917$3,599,872$7,439,201
72$11,588,945$4,810,450$3,639,519$7,962,017
73$12,687,518$4,962,663$3,677,943$8,532,072
74$13,895,516$5,119,704$3,715,025$9,154,038
75$15,224,016$5,281,727$3,750,635$9,833,060
76$16,685,224$5,448,890$3,784,640$10,574,804
77$18,292,589$5,621,358$3,816,898$11,385,513
78$20,060,928$5,799,299$3,847,259$12,272,061
79$22,006,566$5,982,888$3,875,565$13,242,019
80$24,147,490$6,172,304$3,901,651$14,303,731
81$26,503,521$6,367,734$3,925,344$15,466,384
82$29,096,496$6,569,369$3,946,459$16,740,102
83$31,950,478$6,777,407$3,964,804$18,136,037
84$35,091,979$6,992,052$3,980,177$19,666,473
85$38,550,213$7,213,516$3,992,366$21,344,947
86$42,357,372$7,442,015$4,001,147$23,186,371
87$46,548,924$7,677,774$4,006,285$25,207,174
88$51,163,954$7,921,024$4,007,536$27,425,458
89$56,245,529$8,172,006$4,004,640$29,861,167
90$61,841,105$8,430,966$3,997,327$32,536,276
91$68,002,972$8,698,159$3,985,312$35,474,997
92$74,788,754$8,973,847$3,968,299$38,704,009
93$82,261,944$9,258,303$3,945,974$42,252,706
94$90,492,509$9,551,806$3,918,011$46,153,479
95$99,557,546$9,854,646$3,884,065$50,442,016
96$109,542,014$10,167,121$3,843,779$55,157,643
97$120,539,529$10,489,540$3,796,776$60,343,693
98$132,653,255$10,822,221$3,742,661$66,047,915
99$145,996,869$11,165,492$3,681,023$72,322,924
100$160,695,641$11,519,692$3,611,428$79,226,697