Can I retire at age 57 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$239,479$237,346$235,265$233,234$231,250$227,232
2 years$118,554$116,346$114,206$112,132$110,119$106,084
3 years$78,251$76,033$73,899$71,844$69,864$65,938
4 years$58,103$55,893$53,780$51,759$49,828$46,040
5 years$46,018$43,821$41,735$39,756$37,878$34,240
6 years$37,964$35,783$33,728$31,793$29,972$26,488
7 years$32,213$30,050$28,028$26,139$24,375$21,046
8 years$27,902$25,759$23,770$21,927$20,221$17,047
9 years$24,550$22,428$20,473$18,677$17,029$14,007
10 years$21,871$19,769$17,849$16,100$14,510$11,637
11 years$19,680$17,599$15,714$14,012$12,479$9,753
12 years$17,855$15,796$13,946$12,290$10,814$8,231
13 years$16,313$14,275$12,460$10,850$9,430$6,986
14 years$14,992$12,975$11,195$9,632$8,266$5,957
15 years$13,848$11,853$10,108$8,590$7,278$5,099
16 years$12,848$10,875$9,164$7,691$6,433$4,379
17 years$11,967$10,016$8,339$6,911$5,704$3,771
18 years$11,184$9,255$7,612$6,228$5,071$3,255
19 years$10,485$8,577$6,969$5,627$4,520$2,815
20 years$9,856$7,970$6,396$5,097$4,038$2,438
21 years$9,288$7,424$5,883$4,626$3,613$2,115
22 years$8,772$6,930$5,422$4,206$3,239$1,837
23 years$8,302$6,482$5,006$3,830$2,907$1,597
24 years$7,872$6,073$4,630$3,493$2,613$1,390
25 years$7,477$5,699$4,288$3,190$2,351$1,211
26 years$7,112$5,356$3,977$2,917$2,118$1,055
27 years$6,776$5,041$3,693$2,670$1,910$920
28 years$6,463$4,750$3,433$2,446$1,723$803
29 years$6,173$4,481$3,195$2,243$1,556$701
30 years$5,903$4,232$2,976$2,059$1,406$612
31 years$5,651$4,001$2,774$1,891$1,271$535
32 years$5,415$3,785$2,588$1,738$1,150$467
33 years$5,193$3,585$2,417$1,598$1,040$409
34 years$4,986$3,398$2,258$1,470$942$357
35 years$4,790$3,223$2,111$1,354$853$312
36 years$4,606$3,059$1,975$1,247$773$273
37 years$4,432$2,905$1,849$1,149$701$239
38 years$4,268$2,761$1,731$1,059$635$209
39 years$4,112$2,625$1,622$976$576$183
40 years$3,965$2,498$1,520$900$522$160
41 years$3,825$2,378$1,425$831$474$140
42 years$3,692$2,264$1,337$767$430$123
43 years$3,566$2,157$1,255$708$390$107
44 years$3,446$2,056$1,178$653$354$94
45 years$3,331$1,961$1,106$603$322$82
46 years$3,222$1,871$1,039$557$292$72
47 years$3,118$1,785$976$515$265$63
48 years$3,018$1,704$917$476$241$55
49 years$2,923$1,628$862$440$219$48
50 years$2,831$1,555$810$406$199$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,900,000, adding $2,738 every year, while hoping to spend $43,208 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: 55/30/15 Blend
56$2,900,000$2,900,000$2,900,000$2,900,000
57$3,198,624$3,044,924$2,999,974$3,361,781
58$3,478,911$3,148,153$3,054,500$3,576,301
59$3,786,339$3,254,991$3,109,405$3,804,877
60$4,123,630$3,365,571$3,164,655$4,052,787
61$4,493,785$3,480,028$3,220,215$4,321,888
62$4,900,106$3,598,504$3,276,048$4,614,219
63$5,346,232$3,721,146$3,332,111$4,932,027
64$5,836,172$3,848,107$3,388,361$5,277,783
65$6,374,342$3,979,544$3,444,751$5,654,205
66$6,965,606$4,115,623$3,501,231$6,064,286
67$7,615,323$4,256,513$3,557,747$6,511,320
68$8,329,396$4,402,393$3,614,242$6,998,931
69$9,114,330$4,553,446$3,670,655$7,531,111
70$9,977,291$4,709,864$3,726,921$8,112,253
71$10,926,172$4,871,845$3,782,971$8,747,194
72$11,969,672$5,039,596$3,838,731$9,441,259
73$13,117,374$5,213,331$3,894,123$10,200,312
74$14,379,835$5,393,273$3,949,065$11,030,810
75$15,768,688$5,579,654$4,003,469$11,939,863
76$17,296,751$5,772,713$4,057,242$12,935,300
77$18,978,146$5,972,702$4,110,286$14,025,745
78$20,828,432$6,179,880$4,162,496$15,220,694
79$22,864,755$6,394,517$4,213,762$16,530,607
80$25,106,005$6,616,894$4,263,968$17,967,005
81$27,572,998$6,847,302$4,312,992$19,542,575
82$30,288,669$7,086,044$4,360,702$21,271,296
83$33,278,289$7,333,437$4,406,961$23,168,562
84$36,569,707$7,589,807$4,451,626$25,251,332
85$40,193,605$7,855,496$4,494,544$27,538,289
86$44,183,796$8,130,858$4,535,554$30,050,011
87$48,577,534$8,416,262$4,574,487$32,809,170
88$53,415,875$8,712,091$4,611,164$35,840,741
89$58,744,054$9,018,743$4,645,398$39,172,240
90$64,611,920$9,336,634$4,676,992$42,833,978
91$71,074,402$9,666,195$4,705,737$46,859,354
92$78,192,026$10,007,874$4,731,414$51,285,159
93$86,031,492$10,362,138$4,753,796$56,151,931
94$94,666,295$10,729,474$4,772,639$61,504,332
95$104,177,425$11,110,387$4,787,690$67,391,569
96$114,654,128$11,505,401$4,798,684$73,867,861
97$126,194,749$11,915,066$4,805,340$80,992,941
98$138,907,659$12,339,950$4,807,364$88,832,629
99$152,912,279$12,780,646$4,804,450$97,459,444
100$168,340,206$13,237,772$4,796,273$106,953,292