Can I retire at age 57 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$222,963$220,977$219,040$217,149$215,302$214,304
2 years$110,378$108,322$106,330$104,398$102,525$101,518
3 years$72,854$70,790$68,803$66,889$65,046$64,061
4 years$54,096$52,038$50,071$48,190$46,391$45,436
5 years$42,844$40,798$38,857$37,014$35,266$34,343
6 years$35,345$33,315$31,402$29,601$27,905$27,015
7 years$29,991$27,978$26,095$24,336$22,694$21,838
8 years$25,977$23,982$22,131$20,415$18,827$18,005
9 years$22,857$20,881$19,061$17,389$15,855$15,067
10 years$20,362$18,405$16,618$14,990$13,509$12,754
11 years$18,323$16,385$14,630$13,045$11,618$10,896
12 years$16,624$14,707$12,984$11,443$10,068$9,378
13 years$15,188$13,290$11,600$10,102$8,780$8,121
14 years$13,958$12,081$10,423$8,968$7,696$7,069
15 years$12,893$11,036$9,411$7,997$6,776$6,179
16 years$11,962$10,125$8,532$7,161$5,989$5,421
17 years$11,141$9,325$7,764$6,434$5,310$4,771
18 years$10,413$8,617$7,087$5,798$4,722$4,210
19 years$9,762$7,986$6,488$5,239$4,208$3,723
20 years$9,176$7,421$5,954$4,745$3,759$3,300
21 years$8,648$6,912$5,477$4,307$3,364$2,930
22 years$8,167$6,452$5,048$3,916$3,015$2,605
23 years$7,730$6,035$4,661$3,566$2,707$2,319
24 years$7,329$5,654$4,310$3,252$2,433$2,067
25 years$6,961$5,306$3,992$2,970$2,189$1,845
26 years$6,622$4,987$3,703$2,716$1,972$1,648
27 years$6,308$4,693$3,438$2,486$1,778$1,473
28 years$6,018$4,422$3,196$2,278$1,604$1,318
29 years$5,748$4,172$2,974$2,089$1,449$1,179
30 years$5,496$3,940$2,771$1,917$1,309$1,056
31 years$5,261$3,725$2,583$1,760$1,183$947
32 years$5,041$3,524$2,410$1,618$1,070$849
33 years$4,835$3,338$2,250$1,488$969$761
34 years$4,642$3,163$2,102$1,369$877$683
35 years$4,460$3,000$1,966$1,260$794$613
36 years$4,288$2,848$1,839$1,161$720$550
37 years$4,126$2,705$1,721$1,069$652$494
38 years$3,973$2,570$1,612$986$591$444
39 years$3,829$2,444$1,510$909$536$399
40 years$3,691$2,325$1,415$838$486$358
41 years$3,561$2,214$1,327$773$441$322
42 years$3,437$2,108$1,245$714$400$289
43 years$3,320$2,009$1,168$659$363$260
44 years$3,208$1,915$1,097$608$330$234
45 years$3,101$1,826$1,030$562$299$210
46 years$3,000$1,742$967$519$272$189
47 years$2,903$1,662$909$479$247$170
48 years$2,810$1,587$854$443$224$153
49 years$2,721$1,515$802$409$204$138
50 years$2,636$1,447$754$378$185$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,700,000, adding $5,633 every year, while hoping to spend $59,907 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: 58/24/18 Blend
56$2,700,000$2,700,000$2,700,000$2,700,000
57$2,981,210$2,838,110$2,796,260$3,139,734
58$3,221,553$2,913,437$2,826,195$3,323,237
59$3,484,403$2,990,447$2,855,124$3,516,164
60$3,771,993$3,069,160$2,882,951$3,725,133
61$4,086,780$3,149,593$2,909,574$3,951,699
62$4,431,473$3,231,763$2,934,885$4,197,578
63$4,809,050$3,315,687$2,958,771$4,464,658
64$5,222,797$3,401,379$2,981,113$4,755,018
65$5,676,326$3,488,851$3,001,785$5,070,950
66$6,173,621$3,578,115$3,020,655$5,414,976
67$6,719,067$3,669,179$3,037,583$5,789,877
68$7,317,494$3,762,051$3,052,424$6,198,714
69$7,974,223$3,856,736$3,065,025$6,644,862
70$8,695,114$3,953,236$3,075,224$7,132,036
71$9,486,623$4,051,552$3,082,851$7,664,332
72$10,355,861$4,151,680$3,087,728$8,246,261
73$11,310,661$4,253,615$3,089,670$8,882,794
74$12,359,654$4,357,347$3,088,479$9,579,408
75$13,512,347$4,462,865$3,083,951$10,342,140
76$14,779,212$4,570,151$3,075,869$11,177,638
77$16,171,788$4,679,186$3,064,008$12,093,231
78$17,702,788$4,789,943$3,048,130$13,096,994
79$19,386,217$4,902,395$3,027,986$14,197,825
80$21,237,504$5,016,505$3,003,317$15,405,529
81$23,273,650$5,132,234$2,973,849$16,730,912
82$25,513,386$5,249,537$2,939,296$18,185,881
83$27,977,348$5,368,361$2,899,359$19,783,558
84$30,688,274$5,488,648$2,853,724$21,538,403
85$33,671,218$5,610,331$2,802,064$23,466,352
86$36,953,783$5,733,338$2,744,034$25,584,966
87$40,566,385$5,857,588$2,679,275$27,913,599
88$44,542,537$5,982,991$2,607,412$30,473,579
89$48,919,166$6,109,447$2,528,050$33,288,410
90$53,736,959$6,236,849$2,440,778$36,383,994
91$59,040,750$6,365,076$2,345,166$39,788,878
92$64,879,941$6,493,999$2,240,763$43,534,521
93$71,308,966$6,623,475$2,127,099$47,655,592
94$78,387,806$6,753,351$2,003,683$52,190,299
95$86,182,556$6,883,459$1,870,000$57,180,750
96$94,766,045$7,013,617$1,725,513$62,673,349
97$104,218,525$7,143,628$1,569,661$68,719,237
98$114,628,428$7,273,279$1,401,858$75,374,773
99$126,093,199$7,402,341$1,221,491$82,702,069
100$138,720,215$7,530,565$1,027,922$90,769,576