Can I retire at age 57 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$255,995$253,715$251,490$249,319$247,198$241,320
2 years$126,730$124,370$122,083$119,865$117,714$111,826
3 years$83,648$81,277$78,996$76,799$74,682$68,969
4 years$62,110$59,747$57,489$55,329$53,264$47,769
5 years$49,192$46,843$44,613$42,498$40,490$35,229
6 years$40,582$38,251$36,054$33,986$32,039$27,017
7 years$34,434$32,123$29,961$27,942$26,056$21,274
8 years$29,826$27,535$25,410$23,440$21,616$17,071
9 years$26,243$23,974$21,885$19,965$18,204$13,893
10 years$23,379$21,132$19,080$17,210$15,511$11,430
11 years$21,037$18,813$16,798$14,978$13,340$9,482
12 years$19,087$16,885$14,908$13,138$11,560$7,920
13 years$17,438$15,259$13,319$11,599$10,080$6,651
14 years$16,026$13,870$11,967$10,296$8,836$5,610
15 years$14,803$12,671$10,805$9,182$7,780$4,749
16 years$13,734$11,625$9,796$8,222$6,876$4,033
17 years$12,792$10,706$8,914$7,387$6,097$3,433
18 years$11,956$9,893$8,137$6,657$5,421$2,928
19 years$11,208$9,169$7,449$6,015$4,832$2,503
20 years$10,536$8,520$6,837$5,448$4,316$2,142
21 years$9,929$7,936$6,288$4,945$3,862$1,836
22 years$9,377$7,408$5,796$4,496$3,462$1,575
23 years$8,875$6,929$5,351$4,094$3,108$1,352
24 years$8,415$6,492$4,949$3,734$2,793$1,162
25 years$7,992$6,092$4,584$3,410$2,514$999
26 years$7,603$5,726$4,251$3,118$2,264$860
27 years$7,243$5,389$3,948$2,854$2,041$740
28 years$6,909$5,078$3,670$2,615$1,842$638
29 years$6,599$4,790$3,415$2,398$1,663$549
30 years$6,310$4,524$3,181$2,201$1,503$474
31 years$6,041$4,276$2,966$2,021$1,359$408
32 years$5,788$4,046$2,767$1,858$1,229$352
33 years$5,552$3,832$2,584$1,708$1,112$304
34 years$5,329$3,632$2,414$1,572$1,007$262
35 years$5,120$3,445$2,257$1,447$912$226
36 years$4,924$3,270$2,111$1,333$826$195
37 years$4,738$3,105$1,976$1,228$749$168
38 years$4,562$2,951$1,850$1,132$679$145
39 years$4,396$2,806$1,734$1,043$616$125
40 years$4,238$2,670$1,625$962$559$108
41 years$4,089$2,542$1,524$888$507$93
42 years$3,947$2,420$1,429$819$460$81
43 years$3,812$2,306$1,341$756$417$70
44 years$3,683$2,198$1,259$698$379$60
45 years$3,561$2,096$1,182$645$344$52
46 years$3,444$2,000$1,110$596$312$45
47 years$3,333$1,908$1,043$550$283$39
48 years$3,226$1,822$980$509$257$33
49 years$3,124$1,740$921$470$234$29
50 years$3,027$1,662$866$435$212$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,100,000, adding $3,138 every year, while hoping to spend $43,181 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: 29/45/26 Blend
56$3,100,000$3,100,000$3,100,000$3,100,000
57$3,419,437$3,255,137$3,207,087$3,490,952
58$3,722,275$3,368,694$3,268,580$3,660,829
59$4,054,556$3,486,369$3,330,686$3,839,344
60$4,419,236$3,608,317$3,393,380$4,030,390
61$4,819,574$3,734,700$3,456,634$4,235,079
62$5,259,158$3,865,688$3,520,418$4,454,630
63$5,741,941$4,001,455$3,584,701$4,690,379
64$6,272,278$4,142,186$3,649,448$4,943,796
65$6,854,966$4,288,069$3,714,620$5,216,493
66$7,495,291$4,439,302$3,780,178$5,510,242
67$8,199,073$4,596,090$3,846,077$5,826,988
68$8,972,728$4,758,648$3,912,270$6,168,871
69$9,823,323$4,927,198$3,978,707$6,538,239
70$10,758,642$5,101,972$4,045,334$6,937,677
71$11,787,264$5,283,209$4,112,094$7,370,022
72$12,918,640$5,471,161$4,178,924$7,838,399
73$14,163,182$5,666,089$4,245,758$8,346,239
74$15,532,363$5,868,263$4,312,527$8,897,319
75$17,038,823$6,077,967$4,379,156$9,495,791
76$18,696,490$6,295,495$4,445,565$10,146,225
77$20,520,710$6,521,152$4,511,669$10,853,646
78$22,528,391$6,755,257$4,577,379$11,623,585
79$24,738,165$6,998,142$4,642,599$12,462,126
80$27,170,560$7,250,153$4,707,228$13,375,966
81$29,848,196$7,511,650$4,771,159$14,372,476
82$32,795,997$7,783,006$4,834,278$15,459,767
83$36,041,427$8,064,612$4,896,465$16,646,768
84$39,614,749$8,356,874$4,957,593$17,943,308
85$43,549,308$8,660,216$5,017,527$19,360,207
86$47,881,849$8,975,077$5,076,125$20,909,379
87$52,652,860$9,301,919$5,133,238$22,603,939
88$57,906,956$9,641,217$5,188,706$24,458,328
89$63,693,301$9,993,472$5,242,363$26,488,450
90$70,066,068$10,359,202$5,294,032$28,711,814
91$77,084,952$10,738,949$5,343,528$31,147,704
92$84,815,735$11,133,275$5,390,654$33,817,356
93$93,330,904$11,542,770$5,435,205$36,744,157
94$102,710,335$11,968,044$5,476,963$39,953,866
95$113,042,048$12,409,737$5,515,700$43,474,851
96$124,423,036$12,868,513$5,551,175$47,338,361
97$136,960,182$13,345,067$5,583,135$51,578,811
98$150,771,266$13,840,120$5,611,316$56,234,112
99$165,986,076$14,354,427$5,635,436$61,346,023
100$182,747,636$14,888,774$5,655,203$66,960,543