Can I retire at age 57 with 2,790,000?

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 $2,790,000?

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$230,396$228,343$226,341$224,387$222,479$220,064
2 years$114,057$111,933$109,874$107,878$105,942$103,511
3 years$75,283$73,149$71,096$69,119$67,214$64,841
4 years$55,899$53,773$51,740$49,796$47,938$45,642
5 years$44,272$42,158$40,152$38,248$36,441$34,230
6 years$36,524$34,425$32,449$30,587$28,835$26,710
7 years$30,991$28,910$26,965$25,148$23,450$21,413
8 years$26,843$24,782$22,869$21,096$19,454$17,504
9 years$23,619$21,577$19,697$17,969$16,383$14,520
10 years$21,041$19,019$17,172$15,489$13,960$12,181
11 years$18,933$16,931$15,118$13,480$12,006$10,311
12 years$17,178$15,197$13,417$11,824$10,404$8,792
13 years$15,694$13,733$11,987$10,439$9,072$7,540
14 years$14,423$12,483$10,770$9,266$7,953$6,499
15 years$13,323$11,404$9,724$8,264$7,002$5,624
16 years$12,361$10,463$8,816$7,400$6,189$4,884
17 years$11,513$9,636$8,023$6,648$5,487$4,253
18 years$10,760$8,904$7,324$5,992$4,879$3,714
19 years$10,087$8,252$6,704$5,414$4,349$3,250
20 years$9,482$7,668$6,153$4,903$3,884$2,849
21 years$8,936$7,143$5,660$4,450$3,476$2,501
22 years$8,440$6,667$5,216$4,046$3,116$2,199
23 years$7,987$6,236$4,816$3,685$2,797$1,936
24 years$7,573$5,843$4,454$3,361$2,514$1,706
25 years$7,193$5,483$4,125$3,069$2,262$1,505
26 years$6,843$5,153$3,826$2,806$2,038$1,328
27 years$6,519$4,850$3,553$2,569$1,837$1,173
28 years$6,218$4,570$3,303$2,354$1,658$1,037
29 years$5,939$4,311$3,074$2,158$1,497$917
30 years$5,679$4,071$2,863$1,981$1,353$812
31 years$5,436$3,849$2,669$1,819$1,223$718
32 years$5,209$3,642$2,490$1,672$1,106$636
33 years$4,996$3,449$2,325$1,537$1,001$563
34 years$4,797$3,269$2,173$1,415$906$499
35 years$4,608$3,100$2,031$1,302$821$443
36 years$4,431$2,943$1,900$1,199$744$392
37 years$4,264$2,795$1,778$1,105$674$348
38 years$4,106$2,656$1,665$1,018$611$309
39 years$3,956$2,526$1,560$939$554$274
40 years$3,814$2,403$1,463$866$503$243
41 years$3,680$2,287$1,371$799$456$215
42 years$3,552$2,178$1,286$738$414$191
43 years$3,431$2,076$1,207$681$376$170
44 years$3,315$1,978$1,133$629$341$151
45 years$3,205$1,887$1,064$581$309$134
46 years$3,100$1,800$999$536$281$119
47 years$2,999$1,718$939$495$255$105
48 years$2,903$1,640$882$458$232$93
49 years$2,812$1,566$829$423$210$83
50 years$2,724$1,496$780$391$191$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,790,000, adding $6,154 every year, while hoping to spend $32,812 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: 33/46/21 Blend
56$2,790,000$2,790,000$2,790,000$2,790,000
57$3,080,928$2,933,058$2,889,813$3,162,517
58$3,360,271$3,041,866$2,951,710$3,332,650
59$3,667,007$3,154,906$3,014,581$3,512,459
60$4,003,896$3,272,351$3,078,423$3,705,571
61$4,373,977$3,394,380$3,143,235$3,913,180
62$4,780,600$3,521,182$3,209,010$4,136,591
63$5,227,454$3,652,952$3,275,744$4,377,240
64$5,718,602$3,789,894$3,343,430$4,636,703
65$6,258,523$3,932,223$3,412,058$4,916,708
66$6,852,149$4,080,158$3,481,619$5,219,155
67$7,504,916$4,233,934$3,552,101$5,546,129
68$8,222,811$4,393,790$3,623,490$5,899,922
69$9,012,432$4,559,980$3,695,771$6,283,051
70$9,881,047$4,732,767$3,768,927$6,698,283
71$10,836,666$4,912,424$3,842,938$7,148,659
72$11,888,112$5,099,239$3,917,782$7,637,521
73$13,045,108$5,293,510$3,993,436$8,168,545
74$14,318,366$5,495,549$4,069,873$8,745,770
75$15,719,690$5,705,682$4,147,065$9,373,641
76$17,262,086$5,924,248$4,224,979$10,057,044
77$18,959,885$6,151,602$4,303,582$10,801,353
78$20,828,877$6,388,114$4,382,835$11,612,483
79$22,886,461$6,634,170$4,462,699$12,496,939
80$25,151,809$6,890,174$4,543,129$13,461,877
81$27,646,047$7,156,546$4,624,077$14,515,173
82$30,392,453$7,433,726$4,705,493$15,665,493
83$33,416,677$7,722,173$4,787,321$16,922,376
84$36,746,985$8,022,365$4,869,503$18,296,318
85$40,414,520$8,334,805$4,951,974$19,798,873
86$44,453,604$8,660,013$5,034,668$21,442,760
87$48,902,054$8,998,535$5,117,511$23,241,980
88$53,801,542$9,350,942$5,200,427$25,211,944
89$59,197,989$9,717,828$5,283,331$27,369,623
90$65,141,998$10,099,816$5,366,137$29,733,699
91$71,689,329$10,497,554$5,448,749$32,324,744
92$78,901,427$10,911,721$5,531,069$35,165,407
93$86,846,003$11,343,025$5,612,990$38,280,633
94$95,597,669$11,792,207$5,694,399$41,697,886
95$105,238,646$12,260,041$5,775,177$45,447,417
96$115,859,539$12,747,333$5,855,196$49,562,535
97$127,560,189$13,254,930$5,934,322$54,079,928
98$140,450,619$13,783,712$6,012,412$59,040,001
99$154,652,071$14,334,602$6,089,317$64,487,259
100$170,298,148$14,908,564$6,164,875$70,470,718