Can I retire at age 57 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$233,699$231,617$229,586$227,604$225,668$219,678
2 years$115,692$113,538$111,450$109,425$107,461$101,468
3 years$76,362$74,198$72,115$70,110$68,178$62,369
4 years$56,701$54,544$52,481$50,510$48,625$43,046
5 years$44,907$42,763$40,728$38,797$36,964$31,629
6 years$37,047$34,919$32,914$31,026$29,248$24,163
7 years$31,435$29,325$27,352$25,508$23,787$18,952
8 years$27,228$25,137$23,196$21,398$19,733$15,146
9 years$23,958$21,886$19,979$18,226$16,618$12,274
10 years$21,343$19,292$17,418$15,711$14,160$10,054
11 years$19,205$17,174$15,335$13,674$12,178$8,304
12 years$17,424$15,415$13,609$11,994$10,553$6,904
13 years$15,919$13,930$12,159$10,589$9,202$5,770
14 years$14,630$12,662$10,925$9,399$8,067$4,844
15 years$13,514$11,567$9,864$8,383$7,103$4,080
16 years$12,538$10,613$8,943$7,506$6,277$3,448
17 years$11,678$9,774$8,138$6,744$5,566$2,920
18 years$10,914$9,032$7,429$6,077$4,949$2,478
19 years$10,232$8,370$6,801$5,492$4,411$2,107
20 years$9,618$7,778$6,241$4,974$3,940$1,794
21 years$9,064$7,245$5,741$4,514$3,526$1,529
22 years$8,561$6,763$5,291$4,104$3,160$1,305
23 years$8,102$6,325$4,885$3,738$2,837$1,114
24 years$7,682$5,926$4,518$3,409$2,550$952
25 years$7,296$5,562$4,185$3,113$2,295$814
26 years$6,941$5,227$3,881$2,847$2,067$697
27 years$6,612$4,919$3,604$2,606$1,863$596
28 years$6,307$4,635$3,350$2,387$1,681$511
29 years$6,024$4,373$3,118$2,189$1,518$438
30 years$5,761$4,130$2,904$2,009$1,372$375
31 years$5,514$3,904$2,707$1,845$1,240$321
32 years$5,284$3,694$2,526$1,696$1,122$276
33 years$5,068$3,498$2,359$1,559$1,015$236
34 years$4,865$3,316$2,204$1,435$919$203
35 years$4,674$3,145$2,060$1,321$833$174
36 years$4,495$2,985$1,927$1,216$754$149
37 years$4,325$2,835$1,804$1,121$684$128
38 years$4,165$2,694$1,689$1,033$620$110
39 years$4,013$2,562$1,583$953$562$94
40 years$3,869$2,437$1,483$879$510$81
41 years$3,733$2,320$1,391$811$463$69
42 years$3,603$2,210$1,305$748$420$59
43 years$3,480$2,105$1,224$691$381$51
44 years$3,362$2,007$1,149$638$346$44
45 years$3,251$1,914$1,079$589$314$38
46 years$3,144$1,826$1,014$544$285$32
47 years$3,042$1,742$952$503$259$28
48 years$2,945$1,663$895$464$235$24
49 years$2,852$1,588$841$429$213$20
50 years$2,763$1,517$791$397$194$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,830,000, adding $5,091 every year, while hoping to spend $22,123 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: 36/44/20 Blend
56$2,830,000$2,830,000$2,830,000$2,830,000
57$3,123,911$2,973,921$2,930,056$3,217,263
58$3,419,012$3,096,105$3,004,675$3,408,024
59$3,743,471$3,223,534$3,081,051$3,611,395
60$4,100,260$3,356,442$3,159,221$3,830,493
61$4,492,652$3,495,074$3,239,221$4,066,737
62$4,924,255$3,639,685$3,321,087$4,321,684
63$5,399,042$3,790,542$3,404,857$4,597,041
64$5,921,391$3,947,926$3,490,567$4,894,681
65$6,496,127$4,112,128$3,578,254$5,216,663
66$7,128,565$4,283,455$3,667,959$5,565,243
67$7,824,561$4,462,227$3,759,718$5,942,901
68$8,590,568$4,648,778$3,853,571$6,352,359
69$9,433,698$4,843,459$3,949,556$6,796,608
70$10,361,783$5,046,637$4,047,715$7,278,934
71$11,383,457$5,258,695$4,148,086$7,802,947
72$12,508,233$5,480,034$4,250,709$8,372,613
73$13,746,591$5,711,073$4,355,626$8,992,294
74$15,110,080$5,952,253$4,462,877$9,666,782
75$16,611,428$6,204,033$4,572,503$10,401,347
76$18,264,657$6,466,894$4,684,545$11,201,783
77$20,085,220$6,741,340$4,799,045$12,074,461
78$22,090,143$7,027,897$4,916,044$13,026,388
79$24,298,190$7,327,116$5,035,584$14,065,270
80$26,730,035$7,639,574$5,157,706$15,199,585
81$29,408,462$7,965,877$5,282,452$16,438,659
82$32,358,575$8,306,655$5,409,864$17,792,752
83$35,608,039$8,662,570$5,539,984$19,273,153
84$39,187,338$9,034,315$5,672,852$20,892,283
85$43,130,065$9,422,615$5,808,511$22,663,814
86$47,473,237$9,828,228$5,947,002$24,602,790
87$52,257,646$10,251,950$6,088,365$26,725,768
88$57,528,241$10,694,611$6,232,641$29,050,974
89$63,334,558$11,157,083$6,379,870$31,598,468
90$69,731,179$11,640,276$6,530,092$34,390,336
91$76,778,255$12,145,146$6,683,347$37,450,887
92$84,542,070$12,672,691$6,839,671$40,806,888
93$93,095,665$13,223,957$6,999,105$44,487,806
94$102,519,532$13,800,040$7,161,684$48,526,087
95$112,902,369$14,402,086$7,327,444$52,957,456
96$124,341,919$15,031,297$7,496,422$57,821,252
97$136,945,894$15,688,930$7,668,651$63,160,795
98$150,832,989$16,376,301$7,844,165$69,023,786
99$166,134,003$17,094,789$8,022,994$75,462,761
100$182,993,077$17,845,840$8,205,170$82,535,575