Can I retire at age 57 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$235,350$233,254$231,209$229,212$227,263$218,160
2 years$116,510$114,340$112,237$110,198$108,220$99,164
3 years$76,902$74,723$72,625$70,605$68,660$59,934
4 years$57,102$54,929$52,852$50,867$48,969$40,641
5 years$45,225$43,065$41,016$39,071$37,225$29,316
6 years$37,309$35,166$33,147$31,245$29,455$21,970
7 years$31,657$29,532$27,545$25,688$23,955$16,891
8 years$27,421$25,315$23,360$21,549$19,873$13,223
9 years$24,127$22,041$20,120$18,355$16,736$10,489
10 years$21,494$19,428$17,541$15,822$14,260$8,404
11 years$19,341$17,296$15,443$13,770$12,264$6,786
12 years$17,548$15,524$13,705$12,078$10,628$5,512
13 years$16,032$14,029$12,245$10,663$9,267$4,498
14 years$14,733$12,752$11,002$9,466$8,124$3,685
15 years$13,609$11,649$9,933$8,442$7,153$3,029
16 years$12,627$10,688$9,006$7,559$6,322$2,495
17 years$11,760$9,843$8,195$6,791$5,605$2,059
18 years$10,991$9,095$7,481$6,120$4,984$1,703
19 years$10,304$8,429$6,849$5,530$4,442$1,410
20 years$9,686$7,833$6,285$5,009$3,968$1,169
21 years$9,128$7,296$5,781$4,546$3,551$969
22 years$8,621$6,811$5,328$4,133$3,183$805
23 years$8,159$6,370$4,920$3,764$2,857$669
24 years$7,736$5,968$4,550$3,433$2,568$556
25 years$7,348$5,601$4,214$3,135$2,311$462
26 years$6,990$5,264$3,908$2,867$2,082$385
27 years$6,659$4,954$3,629$2,624$1,877$320
28 years$6,352$4,668$3,374$2,404$1,693$266
29 years$6,067$4,404$3,140$2,205$1,529$222
30 years$5,801$4,159$2,925$2,023$1,382$185
31 years$5,553$3,932$2,726$1,858$1,249$154
32 years$5,321$3,720$2,544$1,708$1,130$128
33 years$5,104$3,523$2,375$1,570$1,023$107
34 years$4,900$3,339$2,219$1,445$926$89
35 years$4,708$3,167$2,075$1,330$839$74
36 years$4,526$3,006$1,941$1,225$760$62
37 years$4,356$2,855$1,817$1,129$689$51
38 years$4,194$2,713$1,701$1,040$624$43
39 years$4,041$2,580$1,594$959$566$36
40 years$3,896$2,455$1,494$885$513$30
41 years$3,759$2,337$1,401$816$466$25
42 years$3,628$2,225$1,314$753$423$21
43 years$3,504$2,120$1,233$695$384$17
44 years$3,386$2,021$1,157$642$348$14
45 years$3,274$1,927$1,087$593$316$12
46 years$3,166$1,839$1,021$548$287$10
47 years$3,064$1,755$959$506$261$8
48 years$2,966$1,675$901$468$237$7
49 years$2,872$1,599$847$432$215$6
50 years$2,783$1,528$796$399$195$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,850,000, adding $6,289 every year, while hoping to spend $24,689 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: 83/7/10 Blend
56$2,850,000$2,850,000$2,850,000$2,850,000
57$3,147,187$2,996,137$2,951,962$3,403,105
58$3,441,931$3,116,679$3,024,584$3,692,047
59$3,765,912$3,242,300$3,098,811$4,005,351
60$4,122,085$3,373,223$3,174,671$4,348,660
61$4,513,707$3,509,680$3,252,193$4,724,974
62$4,944,367$3,651,916$3,331,402$5,137,595
63$5,418,017$3,800,185$3,412,329$5,590,160
64$5,939,013$3,954,752$3,495,001$6,086,677
65$6,512,155$4,115,897$3,579,445$6,631,558
66$7,142,728$4,283,909$3,665,690$7,229,663
67$7,836,559$4,459,094$3,753,764$7,886,346
68$8,600,068$4,641,769$3,843,694$8,607,504
69$9,440,326$4,832,267$3,935,509$9,399,635
70$10,365,126$5,030,935$4,029,236$10,269,894
71$11,383,055$5,238,137$4,124,901$11,226,165
72$12,503,575$5,454,254$4,222,534$12,277,133
73$13,737,110$5,679,683$4,322,159$13,432,364
74$15,095,149$5,914,841$4,423,805$14,702,401
75$16,590,348$6,160,162$4,527,496$16,098,854
76$18,236,655$6,416,102$4,633,259$17,634,519
77$20,049,440$6,683,137$4,741,119$19,323,488
78$22,045,637$6,961,764$4,851,101$21,181,293
79$24,243,908$7,252,507$4,963,229$23,225,041
80$26,664,815$7,555,908$5,077,525$25,473,584
81$29,331,017$7,872,539$5,194,014$27,947,692
82$32,267,484$8,202,996$5,312,716$30,670,248
83$35,501,728$8,547,904$5,433,653$33,666,467
84$39,064,068$8,907,915$5,556,845$36,964,129
85$42,987,914$9,283,714$5,682,310$40,593,845
86$47,310,081$9,676,015$5,810,066$44,589,343
87$52,071,136$10,085,567$5,940,131$48,987,785
88$57,315,785$10,513,153$6,072,518$53,830,122
89$63,093,290$10,959,592$6,207,242$59,161,473
90$69,457,937$11,425,743$6,344,316$65,031,554
91$76,469,545$11,912,503$6,483,749$71,495,149
92$84,194,034$12,420,811$6,625,550$78,612,621
93$92,704,046$12,951,652$6,769,727$86,450,486
94$102,079,629$13,506,053$6,916,283$95,082,037
95$112,408,994$14,085,093$7,065,222$104,588,037
96$123,789,348$14,689,899$7,216,543$115,057,480
97$136,327,809$15,321,651$7,370,245$126,588,429
98$150,142,419$15,981,586$7,526,322$139,288,944
99$165,363,259$16,670,996$7,684,766$153,278,097
100$182,133,673$17,391,237$7,845,567$168,687,100