Can I retire at age 57 with 2,890,000?

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 $2,890,000?

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$238,653$236,528$234,454$232,429$230,453$221,835
2 years$118,145$115,945$113,812$111,745$109,739$101,156
3 years$77,981$75,771$73,644$71,596$69,623$61,344
4 years$57,903$55,700$53,594$51,581$49,656$41,744
5 years$45,859$43,669$41,591$39,619$37,748$30,223
6 years$37,833$35,659$33,612$31,684$29,868$22,737
7 years$32,102$29,947$27,932$26,049$24,291$17,551
8 years$27,805$25,670$23,688$21,852$20,152$13,797
9 years$24,466$22,350$20,403$18,613$16,971$10,992
10 years$21,795$19,701$17,788$16,044$14,460$8,846
11 years$19,612$17,538$15,660$13,964$12,436$7,175
12 years$17,794$15,741$13,898$12,248$10,777$5,856
13 years$16,257$14,226$12,417$10,813$9,398$4,802
14 years$14,940$12,931$11,156$9,599$8,238$3,953
15 years$13,800$11,812$10,073$8,560$7,253$3,265
16 years$12,804$10,838$9,132$7,665$6,410$2,704
17 years$11,925$9,981$8,310$6,887$5,684$2,243
18 years$11,146$9,223$7,586$6,206$5,054$1,865
19 years$10,449$8,548$6,945$5,608$4,505$1,552
20 years$9,822$7,943$6,374$5,079$4,024$1,293
21 years$9,256$7,399$5,862$4,610$3,601$1,079
22 years$8,742$6,906$5,403$4,191$3,228$901
23 years$8,274$6,459$4,989$3,817$2,897$752
24 years$7,845$6,052$4,614$3,481$2,604$629
25 years$7,451$5,679$4,273$3,179$2,343$526
26 years$7,088$5,338$3,963$2,907$2,111$440
27 years$6,752$5,024$3,680$2,661$1,903$368
28 years$6,441$4,734$3,421$2,438$1,717$308
29 years$6,152$4,466$3,184$2,236$1,551$258
30 years$5,883$4,217$2,966$2,052$1,401$216
31 years$5,631$3,987$2,765$1,884$1,267$181
32 years$5,396$3,772$2,580$1,732$1,146$152
33 years$5,176$3,572$2,409$1,593$1,037$127
34 years$4,968$3,386$2,250$1,465$939$106
35 years$4,774$3,211$2,104$1,349$850$89
36 years$4,590$3,048$1,968$1,242$770$75
37 years$4,417$2,895$1,842$1,145$698$63
38 years$4,253$2,751$1,725$1,055$633$52
39 years$4,098$2,616$1,616$973$574$44
40 years$3,951$2,489$1,515$897$521$37
41 years$3,812$2,369$1,421$828$472$31
42 years$3,679$2,257$1,332$764$429$26
43 years$3,554$2,150$1,250$705$389$22
44 years$3,434$2,049$1,174$651$353$18
45 years$3,320$1,954$1,102$601$321$15
46 years$3,211$1,864$1,035$555$291$13
47 years$3,107$1,779$972$513$264$11
48 years$3,007$1,698$914$474$240$9
49 years$2,913$1,622$859$438$218$8
50 years$2,822$1,549$808$405$198$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,890,000, adding $4,386 every year, while hoping to spend $43,874 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: 48/41/11 Blend
56$2,890,000$2,890,000$2,890,000$2,890,000
57$3,189,304$3,036,134$2,991,339$3,332,567
58$3,467,932$3,138,223$3,044,867$3,533,667
59$3,773,509$3,243,844$3,098,718$3,746,960
60$4,108,738$3,353,124$3,152,857$3,977,548
61$4,476,595$3,466,193$3,207,244$4,227,057
62$4,880,361$3,583,189$3,261,839$4,497,276
63$5,323,646$3,704,254$3,316,599$4,790,171
64$5,810,428$3,829,533$3,371,476$5,107,904
65$6,345,092$3,959,180$3,426,420$5,452,855
66$6,932,464$4,093,352$3,481,378$5,827,638
67$7,577,863$4,232,215$3,536,292$6,235,132
68$8,287,150$4,375,937$3,591,102$6,678,502
69$9,066,778$4,524,697$3,645,743$7,161,232
70$9,923,860$4,678,678$3,700,146$7,687,155
71$10,866,231$4,838,071$3,754,238$8,260,489
72$11,902,523$5,003,073$3,807,942$8,885,877
73$13,042,247$5,173,890$3,861,174$9,568,429
74$14,295,881$5,350,735$3,913,849$10,313,770
75$15,674,971$5,533,831$3,965,873$11,128,091
76$17,192,236$5,723,408$4,017,148$12,018,209
77$18,861,693$5,919,703$4,067,571$12,991,629
78$20,698,784$6,122,966$4,117,032$14,056,614
79$22,720,523$6,333,455$4,165,417$15,222,262
80$24,945,660$6,551,438$4,212,601$16,498,591
81$27,394,851$6,777,192$4,258,457$17,896,635
82$30,090,859$7,011,008$4,302,849$19,428,542
83$33,058,764$7,253,185$4,345,632$21,107,692
84$36,326,203$7,504,036$4,386,655$22,948,821
85$39,923,627$7,763,885$4,425,760$24,968,158
86$43,884,591$8,033,069$4,462,777$27,183,578
87$48,246,069$8,311,940$4,497,529$29,614,771
88$53,048,803$8,600,860$4,529,832$32,283,422
89$58,337,688$8,900,209$4,559,488$35,213,420
90$64,162,192$9,210,380$4,586,291$38,431,078
91$70,576,830$9,531,782$4,610,026$41,965,383
92$77,641,668$9,864,841$4,630,463$45,848,267
93$85,422,899$10,209,999$4,647,364$50,114,904
94$93,993,461$10,567,715$4,660,478$54,804,046
95$103,433,730$10,938,469$4,669,540$59,958,385
96$113,832,273$11,322,757$4,674,272$65,624,952
97$125,286,690$11,721,097$4,674,385$71,855,563
98$137,904,528$12,134,026$4,669,573$78,707,303
99$151,804,301$12,562,105$4,659,515$86,243,066
100$167,116,607$13,005,915$4,643,876$94,532,145