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%18.1%
1 years$235,350$233,254$231,209$229,212$227,263$219,812
2 years$116,510$114,340$112,237$110,198$108,220$100,785
3 years$76,902$74,723$72,625$70,605$68,660$61,473
4 years$57,102$54,929$52,852$50,867$48,969$42,086
5 years$45,225$43,065$41,016$39,071$37,225$30,664
6 years$37,309$35,166$33,147$31,245$29,455$23,222
7 years$31,657$29,532$27,545$25,688$23,955$18,048
8 years$27,421$25,315$23,360$21,549$19,873$14,289
9 years$24,127$22,041$20,120$18,355$16,736$11,468
10 years$21,494$19,428$17,541$15,822$14,260$9,299
11 years$19,341$17,296$15,443$13,770$12,264$7,602
12 years$17,548$15,524$13,705$12,078$10,628$6,254
13 years$16,032$14,029$12,245$10,663$9,267$5,171
14 years$14,733$12,752$11,002$9,466$8,124$4,293
15 years$13,609$11,649$9,933$8,442$7,153$3,576
16 years$12,627$10,688$9,006$7,559$6,322$2,987
17 years$11,760$9,843$8,195$6,791$5,605$2,500
18 years$10,991$9,095$7,481$6,120$4,984$2,097
19 years$10,304$8,429$6,849$5,530$4,442$1,761
20 years$9,686$7,833$6,285$5,009$3,968$1,481
21 years$9,128$7,296$5,781$4,546$3,551$1,247
22 years$8,621$6,811$5,328$4,133$3,183$1,051
23 years$8,159$6,370$4,920$3,764$2,857$886
24 years$7,736$5,968$4,550$3,433$2,568$748
25 years$7,348$5,601$4,214$3,135$2,311$631
26 years$6,990$5,264$3,908$2,867$2,082$533
27 years$6,659$4,954$3,629$2,624$1,877$451
28 years$6,352$4,668$3,374$2,404$1,693$381
29 years$6,067$4,404$3,140$2,205$1,529$322
30 years$5,801$4,159$2,925$2,023$1,382$272
31 years$5,553$3,932$2,726$1,858$1,249$230
32 years$5,321$3,720$2,544$1,708$1,130$195
33 years$5,104$3,523$2,375$1,570$1,023$165
34 years$4,900$3,339$2,219$1,445$926$140
35 years$4,708$3,167$2,075$1,330$839$118
36 years$4,526$3,006$1,941$1,225$760$100
37 years$4,356$2,855$1,817$1,129$689$85
38 years$4,194$2,713$1,701$1,040$624$72
39 years$4,041$2,580$1,594$959$566$61
40 years$3,896$2,455$1,494$885$513$51
41 years$3,759$2,337$1,401$816$466$43
42 years$3,628$2,225$1,314$753$423$37
43 years$3,504$2,120$1,233$695$384$31
44 years$3,386$2,021$1,157$642$348$26
45 years$3,274$1,927$1,087$593$316$22
46 years$3,166$1,839$1,021$548$287$19
47 years$3,064$1,755$959$506$261$16
48 years$2,966$1,675$901$468$237$14
49 years$2,872$1,599$847$432$215$11
50 years$2,783$1,528$796$399$195$10

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 $6,885 every year, while hoping to spend $22,516 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: 68/27/5 Blend
56$2,850,000$2,850,000$2,850,000$2,850,000
57$3,147,802$2,996,752$2,952,577$3,359,583
58$3,444,921$3,119,636$3,027,531$3,623,527
59$3,771,591$3,247,787$3,104,242$3,908,644
60$4,130,804$3,381,438$3,182,744$4,219,800
61$4,525,853$3,520,836$3,263,073$4,559,534
62$4,960,369$3,666,236$3,345,265$4,930,642
63$5,438,351$3,817,906$3,429,356$5,336,197
64$5,964,206$3,976,127$3,515,383$5,779,585
65$6,542,790$4,141,191$3,603,383$6,264,527
66$7,179,451$4,313,406$3,693,393$6,795,123
67$7,880,085$4,493,093$3,785,451$7,375,881
68$8,651,185$4,680,587$3,879,596$8,011,766
69$9,499,909$4,876,238$3,975,866$8,708,241
70$10,434,141$5,080,416$4,074,299$9,471,323
71$11,462,571$5,293,503$4,174,934$10,307,632
72$12,594,770$5,515,902$4,277,812$11,224,458
73$13,841,289$5,748,033$4,382,971$12,229,828
74$15,213,751$5,990,337$4,490,451$13,332,580
75$16,724,965$6,243,275$4,600,292$14,542,443
76$18,389,044$6,507,328$4,712,535$15,870,133
77$20,221,540$6,783,001$4,827,218$17,327,448
78$22,239,591$7,070,821$4,944,384$18,927,383
79$24,462,079$7,371,342$5,064,071$20,684,246
80$26,909,814$7,685,140$5,186,320$22,613,797
81$29,605,725$8,012,822$5,311,171$24,733,392
82$32,575,078$8,355,020$5,438,665$27,062,145
83$35,845,717$8,712,397$5,568,842$29,621,112
84$39,448,323$9,085,647$5,701,741$32,433,482
85$43,416,704$9,475,496$5,837,401$35,524,798
86$47,788,117$9,882,705$5,975,863$38,923,195
87$52,603,616$10,308,068$6,117,165$42,659,666
88$57,908,440$10,752,419$6,261,346$46,768,350
89$63,752,443$11,216,629$6,408,443$51,286,853
90$70,190,561$11,701,612$6,558,494$56,256,603
91$77,283,330$12,208,324$6,711,536$61,723,236
92$85,097,462$12,737,764$6,867,605$67,737,030
93$93,706,470$13,290,981$7,026,736$74,353,369
94$103,191,362$13,869,071$7,188,964$81,633,271
95$113,641,408$14,473,182$7,354,321$89,643,959
96$125,154,981$15,104,518$7,522,840$98,459,492
97$137,840,486$15,764,337$7,694,553$108,161,463
98$151,817,384$16,453,957$7,869,488$118,839,765
99$167,217,315$17,174,759$8,047,675$130,593,438
100$184,185,349$17,928,190$8,229,139$143,531,601