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%17.7%
1 years$235,350$233,254$231,209$229,212$227,263$220,164
2 years$116,510$114,340$112,237$110,198$108,220$101,132
3 years$76,902$74,723$72,625$70,605$68,660$61,804
4 years$57,102$54,929$52,852$50,867$48,969$42,398
5 years$45,225$43,065$41,016$39,071$37,225$30,957
6 years$37,309$35,166$33,147$31,245$29,455$23,495
7 years$31,657$29,532$27,545$25,688$23,955$18,302
8 years$27,421$25,315$23,360$21,549$19,873$14,524
9 years$24,127$22,041$20,120$18,355$16,736$11,685
10 years$21,494$19,428$17,541$15,822$14,260$9,499
11 years$19,341$17,296$15,443$13,770$12,264$7,785
12 years$17,548$15,524$13,705$12,078$10,628$6,422
13 years$16,032$14,029$12,245$10,663$9,267$5,324
14 years$14,733$12,752$11,002$9,466$8,124$4,432
15 years$13,609$11,649$9,933$8,442$7,153$3,702
16 years$12,627$10,688$9,006$7,559$6,322$3,101
17 years$11,760$9,843$8,195$6,791$5,605$2,604
18 years$10,991$9,095$7,481$6,120$4,984$2,190
19 years$10,304$8,429$6,849$5,530$4,442$1,845
20 years$9,686$7,833$6,285$5,009$3,968$1,557
21 years$9,128$7,296$5,781$4,546$3,551$1,315
22 years$8,621$6,811$5,328$4,133$3,183$1,111
23 years$8,159$6,370$4,920$3,764$2,857$940
24 years$7,736$5,968$4,550$3,433$2,568$796
25 years$7,348$5,601$4,214$3,135$2,311$674
26 years$6,990$5,264$3,908$2,867$2,082$571
27 years$6,659$4,954$3,629$2,624$1,877$484
28 years$6,352$4,668$3,374$2,404$1,693$411
29 years$6,067$4,404$3,140$2,205$1,529$348
30 years$5,801$4,159$2,925$2,023$1,382$296
31 years$5,553$3,932$2,726$1,858$1,249$251
32 years$5,321$3,720$2,544$1,708$1,130$213
33 years$5,104$3,523$2,375$1,570$1,023$181
34 years$4,900$3,339$2,219$1,445$926$153
35 years$4,708$3,167$2,075$1,330$839$130
36 years$4,526$3,006$1,941$1,225$760$111
37 years$4,356$2,855$1,817$1,129$689$94
38 years$4,194$2,713$1,701$1,040$624$80
39 years$4,041$2,580$1,594$959$566$68
40 years$3,896$2,455$1,494$885$513$58
41 years$3,759$2,337$1,401$816$466$49
42 years$3,628$2,225$1,314$753$423$42
43 years$3,504$2,120$1,233$695$384$35
44 years$3,386$2,021$1,157$642$348$30
45 years$3,274$1,927$1,087$593$316$25
46 years$3,166$1,839$1,021$548$287$22
47 years$3,064$1,755$959$506$261$18
48 years$2,966$1,675$901$468$237$16
49 years$2,872$1,599$847$432$215$13
50 years$2,783$1,528$796$399$195$11

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 $2,280 every year, while hoping to spend $24,340 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: 81/12/7 Blend
56$2,850,000$2,850,000$2,850,000$2,850,000
57$3,143,052$2,992,002$2,947,827$3,395,231
58$3,437,746$3,112,712$3,020,681$3,681,313
59$3,761,682$3,238,522$3,095,161$3,991,764
60$4,117,819$3,369,655$3,171,294$4,331,750
61$4,509,414$3,506,345$3,249,110$4,704,211
62$4,940,056$3,648,838$3,328,637$5,112,382
63$5,413,700$3,797,389$3,409,904$5,559,829
64$5,934,703$3,952,267$3,492,942$6,050,477
65$6,507,866$4,113,751$3,577,779$6,588,648
66$7,138,478$4,282,135$3,664,444$7,179,103
67$7,832,367$4,457,723$3,752,967$7,827,084
68$8,595,954$4,640,837$3,843,377$8,538,366
69$9,436,314$4,831,812$3,935,703$9,319,309
70$10,361,244$5,030,996$4,029,975$10,176,917
71$11,379,333$5,238,757$4,126,221$11,118,907
72$12,500,046$5,455,478$4,224,471$12,153,778
73$13,733,813$5,681,558$4,324,753$13,290,891
74$15,092,125$5,917,417$4,427,095$14,540,560
75$16,587,645$6,163,494$4,531,526$15,914,143
76$18,234,326$6,420,246$4,638,073$17,424,157
77$20,047,542$6,688,153$4,746,764$19,084,388
78$22,044,236$6,967,718$4,857,625$20,910,022
79$24,243,076$7,259,464$4,970,683$22,917,793
80$26,664,633$7,563,941$5,085,964$25,126,132
81$29,331,575$7,881,723$5,203,493$27,555,350
82$32,268,880$8,213,412$5,323,295$30,227,818
83$35,504,073$8,559,636$5,445,392$33,168,188
84$39,067,484$8,921,054$5,569,809$36,403,617
85$42,992,536$9,298,355$5,696,566$39,964,028
86$47,316,059$9,692,258$5,825,685$43,882,388
87$52,078,637$10,103,519$5,957,186$48,195,020
88$57,324,993$10,532,926$6,091,086$52,941,945
89$63,104,408$10,981,305$6,227,404$58,167,258
90$69,471,191$11,449,522$6,366,154$63,919,547
91$76,485,184$11,938,480$6,507,352$70,252,342
92$84,212,334$12,449,127$6,651,010$77,224,631
93$92,725,312$12,982,455$6,797,139$84,901,405
94$102,104,199$13,539,499$6,945,748$93,354,278
95$112,437,240$14,121,348$7,096,843$102,662,157
96$123,821,682$14,729,137$7,250,431$112,911,991
97$136,364,685$15,364,057$7,406,512$124,199,583
98$150,184,341$16,027,353$7,565,088$136,630,500
99$165,410,781$16,720,331$7,726,156$150,321,066
100$182,187,408$17,444,355$7,889,709$165,399,456