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

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 $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%19%
1 years$255,995$253,715$251,490$249,319$247,198$238,238
2 years$126,730$124,370$122,083$119,865$117,714$108,784
3 years$83,648$81,277$78,996$76,799$74,682$66,065
4 years$62,110$59,747$57,489$55,329$53,264$45,025
5 years$49,192$46,843$44,613$42,498$40,490$32,651
6 years$40,582$38,251$36,054$33,986$32,039$24,604
7 years$34,434$32,123$29,961$27,942$26,056$19,024
8 years$29,826$27,535$25,410$23,440$21,616$14,982
9 years$26,243$23,974$21,885$19,965$18,204$11,958
10 years$23,379$21,132$19,080$17,210$15,511$9,642
11 years$21,037$18,813$16,798$14,978$13,340$7,836
12 years$19,087$16,885$14,908$13,138$11,560$6,408
13 years$17,438$15,259$13,319$11,599$10,080$5,266
14 years$16,026$13,870$11,967$10,296$8,836$4,344
15 years$14,803$12,671$10,805$9,182$7,780$3,595
16 years$13,734$11,625$9,796$8,222$6,876$2,984
17 years$12,792$10,706$8,914$7,387$6,097$2,481
18 years$11,956$9,893$8,137$6,657$5,421$2,067
19 years$11,208$9,169$7,449$6,015$4,832$1,724
20 years$10,536$8,520$6,837$5,448$4,316$1,440
21 years$9,929$7,936$6,288$4,945$3,862$1,204
22 years$9,377$7,408$5,796$4,496$3,462$1,008
23 years$8,875$6,929$5,351$4,094$3,108$844
24 years$8,415$6,492$4,949$3,734$2,793$707
25 years$7,992$6,092$4,584$3,410$2,514$593
26 years$7,603$5,726$4,251$3,118$2,264$497
27 years$7,243$5,389$3,948$2,854$2,041$417
28 years$6,909$5,078$3,670$2,615$1,842$350
29 years$6,599$4,790$3,415$2,398$1,663$294
30 years$6,310$4,524$3,181$2,201$1,503$246
31 years$6,041$4,276$2,966$2,021$1,359$207
32 years$5,788$4,046$2,767$1,858$1,229$174
33 years$5,552$3,832$2,584$1,708$1,112$146
34 years$5,329$3,632$2,414$1,572$1,007$123
35 years$5,120$3,445$2,257$1,447$912$103
36 years$4,924$3,270$2,111$1,333$826$86
37 years$4,738$3,105$1,976$1,228$749$73
38 years$4,562$2,951$1,850$1,132$679$61
39 years$4,396$2,806$1,734$1,043$616$51
40 years$4,238$2,670$1,625$962$559$43
41 years$4,089$2,542$1,524$888$507$36
42 years$3,947$2,420$1,429$819$460$30
43 years$3,812$2,306$1,341$756$417$26
44 years$3,683$2,198$1,259$698$379$21
45 years$3,561$2,096$1,182$645$344$18
46 years$3,444$2,000$1,110$596$312$15
47 years$3,333$1,908$1,043$550$283$13
48 years$3,226$1,822$980$509$257$11
49 years$3,124$1,740$921$470$234$9
50 years$3,027$1,662$866$435$212$8

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 $6,029 every year, while hoping to spend $32,727 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: 70/7/23 Blend
56$3,100,000$3,100,000$3,100,000$3,100,000
57$3,422,419$3,258,119$3,210,069$3,641,834
58$3,736,684$3,382,945$3,282,785$3,914,096
59$4,081,908$3,512,792$3,356,840$4,207,630
60$4,461,213$3,647,869$3,432,245$4,528,162
61$4,878,040$3,788,398$3,509,008$4,878,365
62$5,336,180$3,934,609$3,587,140$5,261,182
63$5,839,808$4,086,743$3,666,647$5,679,854
64$6,393,525$4,245,050$3,747,536$6,137,949
65$7,002,401$4,409,793$3,829,814$6,639,400
66$7,672,018$4,581,246$3,913,486$7,188,534
67$8,408,531$4,759,694$3,998,555$7,790,121
68$9,218,719$4,945,436$4,085,024$8,449,413
69$10,110,050$5,138,784$4,172,893$9,172,193
70$11,090,753$5,340,063$4,262,164$9,964,835
71$12,169,897$5,549,613$4,352,834$10,834,358
72$13,357,472$5,767,790$4,444,899$11,788,494
73$14,664,487$5,994,964$4,538,356$12,835,762
74$16,103,070$6,231,523$4,633,196$13,985,544
75$17,686,588$6,477,872$4,729,412$15,248,178
76$19,429,765$6,734,433$4,826,994$16,635,053
77$21,348,830$7,001,649$4,925,927$18,158,717
78$23,461,662$7,279,982$5,026,197$19,832,992
79$25,787,964$7,569,913$5,127,786$21,673,107
80$28,349,444$7,871,946$5,230,675$23,695,842
81$31,170,026$8,186,610$5,334,841$25,919,684
82$34,276,068$8,514,453$5,440,258$28,365,002
83$37,696,618$8,856,052$5,546,897$31,054,236
84$41,463,682$9,212,008$5,654,727$34,012,116
85$45,612,529$9,582,948$5,763,713$37,265,884
86$50,182,026$9,969,531$5,873,815$40,845,561
87$55,214,996$10,372,442$5,984,992$44,784,224
88$60,758,634$10,792,400$6,097,198$49,118,318
89$66,864,941$11,230,154$6,210,380$53,888,001
90$73,591,223$11,686,490$6,324,486$59,137,524
91$81,000,627$12,162,226$6,439,455$64,915,644
92$89,162,737$12,658,222$6,555,223$71,276,088
93$98,154,234$13,175,373$6,671,721$78,278,055
94$108,059,616$13,714,616$6,788,874$85,986,779
95$118,971,997$14,276,932$6,906,601$94,474,142
96$130,993,986$14,863,347$7,024,817$103,819,349
97$144,238,652$15,474,931$7,143,428$114,109,683
98$158,830,598$16,112,806$7,262,337$125,441,318
99$174,907,130$16,778,144$7,381,436$137,920,234
100$192,619,557$17,472,172$7,500,613$151,663,214