Can I retire at age 57 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$237,828$235,709$233,642$231,625$229,655$226,692
2 years$117,736$115,544$113,419$111,358$109,360$106,378
3 years$77,711$75,509$73,389$71,348$69,382$66,475
4 years$57,703$55,507$53,409$51,402$49,484$46,674
5 years$45,701$43,518$41,447$39,482$37,617$34,912
6 years$37,702$35,536$33,496$31,574$29,765$27,169
7 years$31,991$29,843$27,835$25,959$24,207$21,720
8 years$27,709$25,581$23,606$21,776$20,082$17,705
9 years$24,381$22,273$20,332$18,548$16,912$14,643
10 years$21,720$19,632$17,726$15,989$14,410$12,247
11 years$19,544$17,478$15,606$13,915$12,393$10,335
12 years$17,732$15,687$13,850$12,205$10,739$8,784
13 years$16,200$14,176$12,374$10,776$9,365$7,509
14 years$14,888$12,886$11,118$9,565$8,209$6,451
15 years$13,752$11,772$10,038$8,531$7,228$5,563
16 years$12,759$10,800$9,101$7,638$6,388$4,815
17 years$11,884$9,947$8,281$6,863$5,664$4,178
18 years$11,107$9,191$7,560$6,185$5,036$3,635
19 years$10,413$8,518$6,921$5,589$4,489$3,169
20 years$9,788$7,916$6,351$5,062$4,010$2,768
21 years$9,224$7,373$5,842$4,594$3,588$2,421
22 years$8,712$6,882$5,384$4,177$3,216$2,121
23 years$8,245$6,437$4,972$3,804$2,887$1,860
24 years$7,818$6,031$4,598$3,469$2,595$1,632
25 years$7,425$5,660$4,259$3,168$2,335$1,434
26 years$7,063$5,319$3,950$2,897$2,103$1,261
27 years$6,729$5,006$3,668$2,652$1,896$1,110
28 years$6,419$4,717$3,409$2,429$1,711$977
29 years$6,131$4,450$3,173$2,228$1,545$860
30 years$5,862$4,203$2,955$2,045$1,396$758
31 years$5,612$3,973$2,755$1,878$1,262$668
32 years$5,377$3,759$2,571$1,726$1,142$589
33 years$5,158$3,560$2,400$1,587$1,033$520
34 years$4,951$3,374$2,243$1,460$936$459
35 years$4,757$3,200$2,097$1,344$847$405
36 years$4,574$3,038$1,961$1,238$768$357
37 years$4,401$2,885$1,836$1,141$696$316
38 years$4,238$2,742$1,719$1,051$631$279
39 years$4,084$2,607$1,611$969$572$246
40 years$3,937$2,480$1,510$894$519$217
41 years$3,799$2,361$1,416$825$471$192
42 years$3,667$2,249$1,328$761$427$170
43 years$3,541$2,143$1,246$703$388$150
44 years$3,422$2,042$1,170$649$352$133
45 years$3,308$1,948$1,098$599$319$117
46 years$3,200$1,858$1,031$554$290$103
47 years$3,096$1,773$969$511$263$91
48 years$2,997$1,693$911$473$239$81
49 years$2,902$1,616$856$437$217$71
50 years$2,812$1,544$805$404$197$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,880,000, adding $5,070 every year, while hoping to spend $38,361 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: 30/50/20 Blend
56$2,880,000$2,880,000$2,880,000$2,880,000
57$3,178,990$3,026,350$2,981,710$3,254,291
58$3,462,431$3,133,825$3,040,781$3,419,423
59$3,773,497$3,245,281$3,100,546$3,593,153
60$4,114,966$3,360,872$3,160,986$3,779,245
61$4,489,897$3,480,759$3,222,084$3,978,791
62$4,901,660$3,605,110$3,283,817$4,192,989
63$5,353,967$3,734,098$3,346,162$4,423,153
64$5,850,908$3,867,905$3,409,095$4,670,725
65$6,396,988$4,006,720$3,472,588$4,937,287
66$6,997,172$4,150,739$3,536,610$5,224,578
67$7,656,926$4,300,168$3,601,129$5,534,506
68$8,382,275$4,455,219$3,666,109$5,869,167
69$9,179,857$4,616,115$3,731,514$6,230,865
70$10,056,983$4,783,086$3,797,301$6,622,129
71$11,021,711$4,956,373$3,863,426$7,045,740
72$12,082,918$5,136,227$3,929,843$7,504,756
73$13,250,382$5,322,909$3,996,499$8,002,535
74$14,534,881$5,516,691$4,063,342$8,542,772
75$15,948,287$5,717,857$4,130,312$9,129,528
76$17,503,682$5,926,701$4,197,347$9,767,272
77$19,215,480$6,143,532$4,264,380$10,460,915
78$21,099,564$6,368,671$4,331,342$11,215,862
79$23,173,434$6,602,450$4,398,157$12,038,059
80$25,456,372$6,845,218$4,464,743$12,934,046
81$27,969,627$7,097,338$4,531,017$13,911,021
82$30,736,609$7,359,189$4,596,887$14,976,904
83$33,783,118$7,631,164$4,662,257$16,140,410
84$37,137,579$7,913,673$4,727,025$17,411,131
85$40,831,315$8,207,146$4,791,083$18,799,625
86$44,898,842$8,512,029$4,854,317$20,317,515
87$49,378,192$8,828,787$4,916,606$21,977,592
88$54,311,276$9,157,906$4,977,820$23,793,941
89$59,744,275$9,499,892$5,037,826$25,782,066
90$65,728,076$9,855,272$5,096,479$27,959,040
91$72,318,757$10,224,598$5,153,628$30,343,657
92$79,578,110$10,608,442$5,209,113$32,956,615
93$87,574,226$11,007,405$5,262,767$35,820,705
94$96,382,138$11,422,109$5,314,412$38,961,024
95$106,084,532$11,853,208$5,363,860$42,405,210
96$116,772,519$12,301,380$5,410,914$46,183,701
97$128,546,502$12,767,334$5,455,366$50,330,019
98$141,517,122$13,251,810$5,496,998$54,881,086
99$155,806,300$13,755,581$5,535,579$59,877,565
100$171,548,389$14,279,450$5,570,867$65,364,247