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%16.5%
1 years$237,002$234,891$232,831$230,821$228,858$222,783
2 years$117,328$115,143$113,025$110,972$108,980$102,902
3 years$77,441$75,247$73,135$71,101$69,141$63,251
4 years$57,502$55,314$53,223$51,224$49,312$43,654
5 years$45,542$43,367$41,303$39,345$37,486$32,076
6 years$37,571$35,413$33,379$31,464$29,662$24,505
7 years$31,880$29,739$27,738$25,869$24,123$19,219
8 years$27,613$25,492$23,524$21,701$20,012$15,360
9 years$24,296$22,196$20,261$18,484$16,853$12,448
10 years$21,645$19,564$17,664$15,933$14,360$10,196
11 years$19,476$17,417$15,551$13,867$12,350$8,421
12 years$17,671$15,632$13,802$12,163$10,702$7,001
13 years$16,144$14,127$12,331$10,738$9,332$5,852
14 years$14,837$12,841$11,079$9,532$8,181$4,912
15 years$13,705$11,731$10,003$8,501$7,203$4,138
16 years$12,715$10,763$9,069$7,612$6,366$3,496
17 years$11,843$9,912$8,253$6,839$5,645$2,961
18 years$11,068$9,159$7,534$6,163$5,019$2,513
19 years$10,376$8,489$6,897$5,569$4,473$2,137
20 years$9,754$7,888$6,329$5,044$3,996$1,819
21 years$9,192$7,347$5,822$4,578$3,576$1,550
22 years$8,682$6,859$5,366$4,162$3,205$1,323
23 years$8,216$6,415$4,954$3,791$2,877$1,130
24 years$7,791$6,010$4,582$3,457$2,586$966
25 years$7,399$5,640$4,244$3,157$2,327$826
26 years$7,039$5,301$3,936$2,887$2,096$707
27 years$6,706$4,989$3,655$2,642$1,890$605
28 years$6,397$4,701$3,398$2,421$1,705$518
29 years$6,110$4,435$3,162$2,220$1,540$444
30 years$5,842$4,188$2,945$2,038$1,391$380
31 years$5,592$3,959$2,746$1,871$1,258$326
32 years$5,359$3,746$2,562$1,720$1,138$279
33 years$5,140$3,548$2,392$1,581$1,030$240
34 years$4,934$3,362$2,235$1,455$932$205
35 years$4,741$3,189$2,089$1,340$844$176
36 years$4,558$3,027$1,955$1,234$765$151
37 years$4,386$2,875$1,829$1,137$693$130
38 years$4,224$2,732$1,713$1,048$629$111
39 years$4,070$2,598$1,605$966$570$95
40 years$3,924$2,472$1,504$891$517$82
41 years$3,785$2,353$1,411$822$469$70
42 years$3,654$2,241$1,323$759$426$60
43 years$3,529$2,135$1,242$700$386$52
44 years$3,410$2,035$1,166$647$351$44
45 years$3,297$1,941$1,094$597$318$38
46 years$3,188$1,851$1,028$552$289$33
47 years$3,085$1,767$966$510$262$28
48 years$2,987$1,687$907$471$238$24
49 years$2,892$1,611$853$435$216$21
50 years$2,802$1,539$802$402$197$18

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 $5,530 every year, while hoping to spend $46,647 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: 53/40/7 Blend
56$2,870,000$2,870,000$2,870,000$2,870,000
57$3,168,444$3,016,334$2,971,849$3,330,780
58$3,441,993$3,114,503$3,021,774$3,539,558
59$3,741,881$3,215,918$3,071,808$3,761,003
60$4,070,745$3,320,690$3,121,906$4,000,789
61$4,431,490$3,428,932$3,172,018$4,260,655
62$4,827,314$3,540,762$3,222,093$4,542,518
63$5,261,743$3,656,302$3,272,076$4,848,481
64$5,738,658$3,775,678$3,321,907$5,180,862
65$6,262,334$3,899,020$3,371,525$5,542,208
66$6,837,484$4,026,463$3,420,863$5,935,322
67$7,469,295$4,158,148$3,469,849$6,363,288
68$8,163,484$4,294,218$3,518,410$6,829,502
69$8,926,348$4,434,823$3,566,466$7,337,697
70$9,764,826$4,580,120$3,613,932$7,891,986
71$10,686,560$4,730,267$3,660,721$8,496,893
72$11,699,971$4,885,432$3,706,737$9,157,400
73$12,814,336$5,045,787$3,751,881$9,878,990
74$14,039,877$5,211,509$3,796,048$10,667,701
75$15,387,856$5,382,784$3,839,126$11,530,180
76$16,870,680$5,559,803$3,880,999$12,473,746
77$18,502,019$5,742,763$3,921,543$13,506,457
78$20,296,936$5,931,870$3,960,626$14,637,187
79$22,272,028$6,127,337$3,998,112$15,875,710
80$24,445,581$6,329,382$4,033,854$17,232,787
81$26,837,743$6,538,235$4,067,701$18,720,272
82$29,470,715$6,754,130$4,099,491$20,351,218
83$32,368,960$6,977,314$4,129,056$22,140,003
84$35,559,430$7,208,039$4,156,216$24,102,464
85$39,071,827$7,446,568$4,180,784$26,256,045
86$42,938,876$7,693,172$4,202,563$28,619,959
87$47,196,639$7,948,135$4,221,346$31,215,372
88$51,884,850$8,211,748$4,236,915$34,065,599
89$57,047,294$8,484,313$4,249,042$37,196,324
90$62,732,219$8,766,145$4,257,485$40,635,839
91$68,992,789$9,057,570$4,261,994$44,415,316
92$75,887,586$9,358,923$4,262,303$48,569,092
93$83,481,164$9,670,555$4,258,135$53,134,998
94$91,844,658$9,992,828$4,249,198$58,154,711
95$101,056,454$10,326,117$4,235,187$63,674,150
96$111,202,928$10,670,812$4,215,781$69,743,904
97$122,379,261$11,027,317$4,190,645$76,419,710
98$134,690,340$11,396,049$4,159,426$83,762,979
99$148,251,744$11,777,445$4,121,755$91,841,371
100$163,190,835$12,171,952$4,077,247$100,729,436