Can I retire at age 57 with 2,870,000?

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 $2,870,000?

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 years$237,002$234,891$232,831$230,821$228,858$225,066
2 years$117,328$115,143$113,025$110,972$108,980$105,171
3 years$77,441$75,247$73,135$71,101$69,141$65,434
4 years$57,502$55,314$53,223$51,224$49,312$45,735
5 years$45,542$43,367$41,303$39,345$37,486$34,049
6 years$37,571$35,413$33,379$31,464$29,662$26,368
7 years$31,880$29,739$27,738$25,869$24,123$20,974
8 years$27,613$25,492$23,524$21,701$20,012$17,008
9 years$24,296$22,196$20,261$18,484$16,853$13,992
10 years$21,645$19,564$17,664$15,933$14,360$11,639
11 years$19,476$17,417$15,551$13,867$12,350$9,767
12 years$17,671$15,632$13,802$12,163$10,702$8,253
13 years$16,144$14,127$12,331$10,738$9,332$7,014
14 years$14,837$12,841$11,079$9,532$8,181$5,989
15 years$13,705$11,731$10,003$8,501$7,203$5,134
16 years$12,715$10,763$9,069$7,612$6,366$4,415
17 years$11,843$9,912$8,253$6,839$5,645$3,807
18 years$11,068$9,159$7,534$6,163$5,019$3,291
19 years$10,376$8,489$6,897$5,569$4,473$2,850
20 years$9,754$7,888$6,329$5,044$3,996$2,473
21 years$9,192$7,347$5,822$4,578$3,576$2,148
22 years$8,682$6,859$5,366$4,162$3,205$1,869
23 years$8,216$6,415$4,954$3,791$2,877$1,627
24 years$7,791$6,010$4,582$3,457$2,586$1,419
25 years$7,399$5,640$4,244$3,157$2,327$1,238
26 years$7,039$5,301$3,936$2,887$2,096$1,080
27 years$6,706$4,989$3,655$2,642$1,890$944
28 years$6,397$4,701$3,398$2,421$1,705$825
29 years$6,110$4,435$3,162$2,220$1,540$721
30 years$5,842$4,188$2,945$2,038$1,391$631
31 years$5,592$3,959$2,746$1,871$1,258$552
32 years$5,359$3,746$2,562$1,720$1,138$483
33 years$5,140$3,548$2,392$1,581$1,030$423
34 years$4,934$3,362$2,235$1,455$932$370
35 years$4,741$3,189$2,089$1,340$844$325
36 years$4,558$3,027$1,955$1,234$765$284
37 years$4,386$2,875$1,829$1,137$693$249
38 years$4,224$2,732$1,713$1,048$629$218
39 years$4,070$2,598$1,605$966$570$191
40 years$3,924$2,472$1,504$891$517$168
41 years$3,785$2,353$1,411$822$469$147
42 years$3,654$2,241$1,323$759$426$129
43 years$3,529$2,135$1,242$700$386$113
44 years$3,410$2,035$1,166$647$351$99
45 years$3,297$1,941$1,094$597$318$87
46 years$3,188$1,851$1,028$552$289$76
47 years$3,085$1,767$966$510$262$67
48 years$2,987$1,687$907$471$238$59
49 years$2,892$1,611$853$435$216$51
50 years$2,802$1,539$802$402$197$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,870,000, adding $5,871 every year, while hoping to spend $55,817 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: 63/10/27 Blend
56$2,870,000$2,870,000$2,870,000$2,870,000
57$3,168,796$3,016,686$2,972,201$3,345,323
58$3,432,624$3,105,115$3,012,381$3,554,095
59$3,721,492$3,196,006$3,052,036$3,775,390
60$4,037,895$3,289,421$3,091,090$4,015,904
61$4,384,581$3,385,423$3,129,462$4,277,528
62$4,764,575$3,484,075$3,167,066$4,562,345
63$5,181,211$3,585,444$3,203,812$4,872,652
64$5,638,159$3,689,596$3,239,604$5,210,977
65$6,139,463$3,796,597$3,274,342$5,580,106
66$6,689,575$3,906,518$3,307,920$5,983,109
67$7,293,401$4,019,426$3,340,224$6,423,367
68$7,956,345$4,135,395$3,371,138$6,904,607
69$8,684,357$4,254,494$3,400,537$7,430,934
70$9,483,996$4,376,799$3,428,289$8,006,870
71$10,362,483$4,502,382$3,454,256$8,637,401
72$11,327,776$4,631,318$3,478,294$9,328,018
73$12,388,642$4,763,685$3,500,249$10,084,772
74$13,554,736$4,899,559$3,519,961$10,914,331
75$14,836,700$5,039,018$3,537,260$11,824,044
76$16,246,254$5,182,141$3,551,969$12,822,007
77$17,796,314$5,329,007$3,563,902$13,917,143
78$19,501,108$5,479,698$3,572,862$15,119,285
79$21,376,311$5,634,294$3,578,643$16,439,266
80$23,439,198$5,792,877$3,581,031$17,889,028
81$25,708,797$5,955,530$3,579,797$19,481,727
82$28,206,078$6,122,334$3,574,704$21,231,865
83$30,954,144$6,293,375$3,565,502$23,155,419
84$33,978,450$6,468,734$3,551,930$25,270,000
85$37,307,046$6,648,495$3,533,713$27,595,012
86$40,970,836$6,832,743$3,510,564$30,151,841
87$45,003,875$7,021,561$3,482,182$32,964,054
88$49,443,685$7,215,032$3,448,250$36,057,623
89$54,331,613$7,413,240$3,408,437$39,461,169
90$59,713,216$7,616,268$3,362,399$43,206,235
91$65,638,696$7,824,197$3,309,771$47,327,579
92$72,163,368$8,037,108$3,250,174$51,863,509
93$79,348,188$8,255,082$3,183,210$56,856,242
94$87,260,320$8,478,198$3,108,465$62,352,299
95$95,973,775$8,706,533$3,025,501$68,402,951
96$105,570,110$8,940,162$2,933,865$75,064,701
97$116,139,192$9,179,161$2,833,080$82,399,814
98$127,780,049$9,423,599$2,722,648$90,476,912
99$140,601,805$9,673,547$2,602,048$99,371,617
100$154,724,709$9,929,070$2,470,736$109,167,269