Can I retire at age 57 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$232,047$229,980$227,964$225,995$224,073$220,271
2 years$114,875$112,735$110,662$108,652$106,702$102,882
3 years$75,822$73,674$71,606$69,614$67,696$63,979
4 years$56,300$54,158$52,111$50,153$48,281$44,695
5 years$44,590$42,461$40,440$38,522$36,703$33,257
6 years$36,785$34,672$32,681$30,807$29,042$25,741
7 years$31,213$29,118$27,158$25,328$23,619$20,464
8 years$27,036$24,959$23,033$21,247$19,594$16,585
9 years$23,788$21,732$19,838$18,098$16,501$13,636
10 years$21,192$19,155$17,295$15,600$14,060$11,336
11 years$19,069$17,053$15,226$13,577$12,092$9,506
12 years$17,301$15,306$13,513$11,909$10,478$8,028
13 years$15,807$13,832$12,073$10,514$9,137$6,818
14 years$14,527$12,573$10,848$9,333$8,010$5,818
15 years$13,418$11,485$9,794$8,323$7,052$4,983
16 years$12,449$10,538$8,880$7,453$6,233$4,283
17 years$11,595$9,705$8,080$6,696$5,527$3,690
18 years$10,837$8,968$7,376$6,035$4,914$3,188
19 years$10,159$8,311$6,752$5,453$4,380$2,759
20 years$9,550$7,723$6,197$4,938$3,912$2,392
21 years$9,000$7,194$5,700$4,482$3,501$2,076
22 years$8,500$6,715$5,254$4,075$3,138$1,805
23 years$8,045$6,281$4,851$3,711$2,817$1,570
24 years$7,628$5,884$4,486$3,385$2,532$1,368
25 years$7,245$5,522$4,155$3,091$2,278$1,192
26 years$6,892$5,190$3,854$2,827$2,052$1,040
27 years$6,565$4,884$3,578$2,587$1,850$908
28 years$6,263$4,603$3,327$2,370$1,670$793
29 years$5,982$4,342$3,096$2,174$1,508$693
30 years$5,720$4,101$2,883$1,995$1,362$605
31 years$5,475$3,876$2,688$1,832$1,232$529
32 years$5,247$3,668$2,508$1,684$1,114$463
33 years$5,032$3,474$2,342$1,548$1,008$405
34 years$4,831$3,292$2,188$1,425$913$354
35 years$4,641$3,123$2,046$1,312$827$310
36 years$4,463$2,964$1,914$1,208$749$271
37 years$4,294$2,815$1,791$1,113$679$238
38 years$4,135$2,675$1,677$1,026$616$208
39 years$3,985$2,544$1,572$946$558$182
40 years$3,842$2,420$1,473$872$506$160
41 years$3,706$2,304$1,381$805$459$140
42 years$3,578$2,194$1,296$743$417$122
43 years$3,455$2,090$1,216$686$378$107
44 years$3,339$1,993$1,141$633$343$94
45 years$3,228$1,900$1,072$585$312$82
46 years$3,122$1,813$1,006$540$283$72
47 years$3,021$1,730$946$499$257$63
48 years$2,924$1,651$889$461$233$55
49 years$2,832$1,577$835$426$212$49
50 years$2,744$1,506$785$394$193$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,810,000, adding $6,292 every year, while hoping to spend $39,086 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: 55/28/17 Blend
56$2,810,000$2,810,000$2,810,000$2,810,000
57$3,103,110$2,954,180$2,910,625$3,259,389
58$3,378,040$3,057,348$2,966,544$3,469,782
59$3,679,703$3,164,261$3,023,026$3,694,045
60$4,010,784$3,275,061$3,080,049$3,937,378
61$4,374,242$3,389,897$3,137,588$4,201,614
62$4,773,335$3,508,922$3,195,617$4,488,768
63$5,211,652$3,632,296$3,254,108$4,801,058
64$5,693,148$3,760,185$3,313,027$5,140,924
65$6,222,178$3,892,764$3,372,343$5,511,050
66$6,803,542$4,030,211$3,432,018$5,914,394
67$7,442,526$4,172,714$3,492,014$6,354,205
68$8,144,955$4,320,468$3,552,287$6,834,066
69$8,917,245$4,473,676$3,612,793$7,357,917
70$9,766,466$4,632,548$3,673,484$7,930,096
71$10,700,406$4,797,304$3,734,307$8,555,380
72$11,727,649$4,968,173$3,795,207$9,239,027
73$12,857,648$5,145,392$3,856,125$9,986,827
74$14,100,820$5,329,209$3,916,998$10,805,158
75$15,468,645$5,519,881$3,977,759$11,701,038
76$16,973,768$5,717,677$4,038,335$12,682,201
77$18,630,125$5,922,875$4,098,652$13,757,159
78$20,453,068$6,135,767$4,158,627$14,935,291
79$22,459,516$6,356,654$4,218,176$16,226,925
80$24,668,109$6,585,852$4,277,207$17,643,434
81$27,099,386$6,823,689$4,335,624$19,197,348
82$29,775,981$7,070,507$4,393,324$20,902,467
83$32,722,830$7,326,661$4,450,200$22,773,991
84$35,967,414$7,592,523$4,506,137$24,828,665
85$39,540,011$7,868,477$4,561,013$27,084,932
86$43,473,986$8,154,927$4,614,701$29,563,112
87$47,806,105$8,452,291$4,667,066$32,285,587
88$52,576,881$8,761,006$4,717,966$35,277,016
89$57,830,953$9,081,526$4,767,248$38,564,562
90$63,617,515$9,414,325$4,814,756$42,178,152
91$69,990,772$9,759,897$4,860,320$46,150,757
92$77,010,456$10,118,757$4,903,766$50,518,700
93$84,742,387$10,491,441$4,944,907$55,322,001
94$93,259,096$10,878,508$4,983,547$60,604,749
95$102,640,509$11,280,539$5,019,481$66,415,524
96$112,974,699$11,698,144$5,052,491$72,807,846
97$124,358,719$12,131,954$5,082,351$79,840,687
98$136,899,518$12,582,629$5,108,819$87,579,020
99$150,714,949$13,050,859$5,131,645$96,094,434
100$165,934,883$13,537,359$5,150,564$105,465,807