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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$237,002$234,891$232,831$230,821$228,858$226,468
2 years$117,328$115,143$113,025$110,972$108,980$106,573
3 years$77,441$75,247$73,135$71,101$69,141$66,792
4 years$57,502$55,314$53,223$51,224$49,312$47,039
5 years$45,542$43,367$41,303$39,345$37,486$35,296
6 years$37,571$35,413$33,379$31,464$29,662$27,557
7 years$31,880$29,739$27,738$25,869$24,123$22,104
8 years$27,613$25,492$23,524$21,701$20,012$18,079
9 years$24,296$22,196$20,261$18,484$16,853$15,006
10 years$21,645$19,564$17,664$15,933$14,360$12,597
11 years$19,476$17,417$15,551$13,867$12,350$10,669
12 years$17,671$15,632$13,802$12,163$10,702$9,103
13 years$16,144$14,127$12,331$10,738$9,332$7,812
14 years$14,837$12,841$11,079$9,532$8,181$6,738
15 years$13,705$11,731$10,003$8,501$7,203$5,835
16 years$12,715$10,763$9,069$7,612$6,366$5,070
17 years$11,843$9,912$8,253$6,839$5,645$4,419
18 years$11,068$9,159$7,534$6,163$5,019$3,861
19 years$10,376$8,489$6,897$5,569$4,473$3,381
20 years$9,754$7,888$6,329$5,044$3,996$2,966
21 years$9,192$7,347$5,822$4,578$3,576$2,606
22 years$8,682$6,859$5,366$4,162$3,205$2,293
23 years$8,216$6,415$4,954$3,791$2,877$2,020
24 years$7,791$6,010$4,582$3,457$2,586$1,781
25 years$7,399$5,640$4,244$3,157$2,327$1,572
26 years$7,039$5,301$3,936$2,887$2,096$1,389
27 years$6,706$4,989$3,655$2,642$1,890$1,228
28 years$6,397$4,701$3,398$2,421$1,705$1,086
29 years$6,110$4,435$3,162$2,220$1,540$962
30 years$5,842$4,188$2,945$2,038$1,391$852
31 years$5,592$3,959$2,746$1,871$1,258$754
32 years$5,359$3,746$2,562$1,720$1,138$669
33 years$5,140$3,548$2,392$1,581$1,030$593
34 years$4,934$3,362$2,235$1,455$932$526
35 years$4,741$3,189$2,089$1,340$844$466
36 years$4,558$3,027$1,955$1,234$765$414
37 years$4,386$2,875$1,829$1,137$693$367
38 years$4,224$2,732$1,713$1,048$629$326
39 years$4,070$2,598$1,605$966$570$289
40 years$3,924$2,472$1,504$891$517$257
41 years$3,785$2,353$1,411$822$469$228
42 years$3,654$2,241$1,323$759$426$203
43 years$3,529$2,135$1,242$700$386$180
44 years$3,410$2,035$1,166$647$351$160
45 years$3,297$1,941$1,094$597$318$142
46 years$3,188$1,851$1,028$552$289$126
47 years$3,085$1,767$966$510$262$112
48 years$2,987$1,687$907$471$238$100
49 years$2,892$1,611$853$435$216$88
50 years$2,802$1,539$802$402$197$79

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 $5,730 every year, while hoping to spend $43,502 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: 68/21/11 Blend
56$2,870,000$2,870,000$2,870,000$2,870,000
57$3,168,650$3,016,540$2,972,055$3,376,359
58$3,445,567$3,118,065$3,025,334$3,616,641
59$3,749,271$3,223,107$3,078,938$3,873,580
60$4,082,449$3,331,791$3,132,835$4,153,445
61$4,448,060$3,444,250$3,186,986$4,458,478
62$4,849,363$3,560,619$3,241,351$4,791,147
63$5,289,948$3,681,039$3,295,886$5,154,169
64$5,773,770$3,805,658$3,350,546$5,550,534
65$6,305,186$3,934,627$3,405,281$5,983,535
66$6,888,995$4,068,103$3,460,038$6,456,798
67$7,530,484$4,206,252$3,514,761$6,974,314
68$8,235,477$4,349,242$3,569,389$7,540,478
69$9,010,392$4,497,251$3,623,859$8,160,131
70$9,862,297$4,650,461$3,678,104$8,838,602
71$10,798,981$4,809,063$3,732,050$9,581,763
72$11,829,024$4,973,255$3,785,621$10,396,079
73$12,961,882$5,143,241$3,838,736$11,288,669
74$14,207,969$5,319,235$3,891,309$12,267,377
75$15,578,762$5,501,458$3,943,248$13,340,841
76$17,086,906$5,690,140$3,994,457$14,518,575
77$18,746,332$5,885,519$4,044,833$15,811,063
78$20,572,392$6,087,843$4,094,269$17,229,848
79$22,581,999$6,297,370$4,142,650$18,787,650
80$24,793,789$6,514,367$4,189,855$20,498,479
81$27,228,297$6,739,113$4,235,757$22,377,770
82$29,908,150$6,971,896$4,280,221$24,442,527
83$32,858,278$7,213,016$4,323,106$26,711,483
84$36,106,154$7,462,785$4,364,261$29,205,275
85$39,682,048$7,721,527$4,403,529$31,946,641
86$43,619,314$7,989,579$4,440,745$34,960,632
87$47,954,707$8,267,292$4,475,733$38,274,846
88$52,728,725$8,555,028$4,508,308$41,919,692
89$57,985,997$8,853,166$4,538,279$45,928,673
90$63,775,698$9,162,100$4,565,440$50,338,704
91$70,152,014$9,482,238$4,589,577$55,190,455
92$77,174,657$9,814,005$4,610,466$60,528,741
93$84,909,425$10,157,844$4,627,869$66,402,938
94$93,428,821$10,514,214$4,641,538$72,867,452
95$102,812,744$10,883,593$4,651,212$79,982,229
96$113,149,233$11,266,478$4,656,617$87,813,324
97$124,535,306$11,663,387$4,657,465$96,433,518
98$137,077,872$12,074,857$4,653,454$105,923,009
99$150,894,738$12,501,448$4,644,268$116,370,165
100$166,115,724$12,943,743$4,629,575$127,872,359