Can I retire at age 57 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$225,441$223,433$221,474$219,561$217,694$215,331
2 years$111,604$109,526$107,511$105,558$103,664$101,285
3 years$73,664$71,576$69,567$67,632$65,769$63,447
4 years$54,697$52,616$50,627$48,725$46,907$44,661
5 years$43,320$41,252$39,289$37,426$35,658$33,494
6 years$35,738$33,685$31,751$29,930$28,215$26,135
7 years$30,324$28,289$26,385$24,607$22,946$20,952
8 years$26,266$24,249$22,377$20,642$19,036$17,128
9 years$23,111$21,113$19,273$17,582$16,031$14,207
10 years$20,589$18,610$16,803$15,156$13,659$11,919
11 years$18,526$16,567$14,793$13,190$11,747$10,089
12 years$16,809$14,870$13,128$11,570$10,180$8,602
13 years$15,357$13,438$11,729$10,214$8,877$7,378
14 years$14,113$12,215$10,539$9,067$7,782$6,359
15 years$13,036$11,158$9,515$8,086$6,852$5,503
16 years$12,095$10,238$8,627$7,240$6,056$4,779
17 years$11,265$9,429$7,850$6,505$5,369$4,162
18 years$10,529$8,712$7,166$5,863$4,774$3,634
19 years$9,870$8,075$6,560$5,297$4,255$3,180
20 years$9,278$7,503$6,021$4,798$3,801$2,787
21 years$8,744$6,989$5,538$4,354$3,401$2,447
22 years$8,258$6,524$5,104$3,959$3,049$2,152
23 years$7,816$6,102$4,713$3,606$2,737$1,894
24 years$7,410$5,717$4,358$3,289$2,460$1,669
25 years$7,038$5,365$4,037$3,003$2,214$1,472
26 years$6,695$5,042$3,744$2,746$1,994$1,300
27 years$6,378$4,745$3,477$2,514$1,798$1,148
28 years$6,085$4,472$3,232$2,303$1,622$1,015
29 years$5,811$4,218$3,008$2,112$1,465$897
30 years$5,557$3,984$2,801$1,938$1,323$794
31 years$5,320$3,766$2,612$1,780$1,196$703
32 years$5,097$3,563$2,437$1,636$1,082$622
33 years$4,889$3,375$2,275$1,504$979$551
34 years$4,693$3,198$2,126$1,384$887$489
35 years$4,509$3,034$1,987$1,274$803$433
36 years$4,336$2,879$1,859$1,173$728$384
37 years$4,172$2,735$1,740$1,081$660$340
38 years$4,017$2,599$1,630$997$598$302
39 years$3,871$2,471$1,527$919$542$268
40 years$3,732$2,351$1,431$848$492$238
41 years$3,601$2,238$1,342$782$446$211
42 years$3,476$2,132$1,259$722$405$187
43 years$3,357$2,031$1,181$666$367$166
44 years$3,244$1,936$1,109$615$334$147
45 years$3,136$1,846$1,041$568$303$131
46 years$3,033$1,761$978$525$275$116
47 years$2,935$1,681$919$485$250$103
48 years$2,841$1,604$863$448$227$91
49 years$2,751$1,532$811$414$206$81
50 years$2,665$1,464$763$383$187$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,730,000, adding $4,164 every year, while hoping to spend $36,180 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: 58/28/14 Blend
56$2,730,000$2,730,000$2,730,000$2,730,000
57$3,012,755$2,868,065$2,825,750$3,176,565
58$3,281,561$2,970,105$2,881,918$3,389,793
59$3,576,572$3,075,932$2,938,754$3,617,753
60$3,900,424$3,185,694$2,996,244$3,865,401
61$4,256,018$3,299,545$3,054,369$4,134,633
62$4,646,553$3,417,643$3,113,111$4,427,537
63$5,075,549$3,540,155$3,172,447$4,746,410
64$5,546,886$3,667,254$3,232,356$5,093,780
65$6,064,840$3,799,120$3,292,811$5,472,427
66$6,634,118$3,935,942$3,353,784$5,885,413
67$7,259,908$4,077,913$3,415,246$6,336,107
68$7,947,926$4,225,238$3,477,164$6,828,216
69$8,704,468$4,378,128$3,539,503$7,365,822
70$9,536,472$4,536,805$3,602,225$7,953,420
71$10,451,580$4,701,497$3,665,288$8,595,955
72$11,458,216$4,872,444$3,728,649$9,298,875
73$12,565,656$5,049,896$3,792,261$10,068,177
74$13,784,124$5,234,112$3,856,073$10,910,464
75$15,124,884$5,425,363$3,920,031$11,833,007
76$16,600,347$5,623,931$3,984,077$12,843,814
77$18,224,189$5,830,110$4,048,149$13,951,702
78$20,011,476$6,044,205$4,112,182$15,166,383
79$21,978,812$6,266,536$4,176,106$16,498,553
80$24,144,490$6,497,436$4,239,845$17,959,990
81$26,528,668$6,737,251$4,303,320$19,563,670
82$29,153,558$6,986,342$4,366,447$21,323,884
83$32,043,634$7,245,086$4,429,136$23,256,372
84$35,225,865$7,513,875$4,491,292$25,378,473
85$38,729,968$7,793,120$4,552,815$27,709,287
86$42,588,687$8,083,245$4,613,597$30,269,854
87$46,838,106$8,384,697$4,673,526$33,083,350
88$51,517,986$8,697,940$4,732,481$36,175,309
89$56,672,138$9,023,456$4,790,337$39,573,857
90$62,348,842$9,361,752$4,846,959$43,309,982
91$68,601,299$9,713,353$4,902,207$47,417,822
92$75,488,132$10,078,807$4,955,931$51,934,987
93$83,073,941$10,458,688$5,007,975$56,902,911
94$91,429,912$10,853,593$5,058,171$62,367,247
95$100,634,489$11,264,145$5,106,346$68,378,289
96$110,774,112$11,690,994$5,152,314$74,991,452
97$121,944,036$12,134,818$5,195,881$82,267,790
98$134,249,229$12,596,324$5,236,844$90,274,573
99$147,805,358$13,076,252$5,274,986$99,085,917
100$162,739,888$13,575,372$5,310,081$108,783,486