Can I retire at age 57 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$239,479$237,346$235,265$233,234$231,250$224,387
2 years$118,554$116,346$114,206$112,132$110,119$103,261
3 years$78,251$76,033$73,899$71,844$69,864$63,227
4 years$58,103$55,893$53,780$51,759$49,828$43,461
5 years$46,018$43,821$41,735$39,756$37,878$31,801
6 years$37,964$35,783$33,728$31,793$29,972$24,188
7 years$32,213$30,050$28,028$26,139$24,375$18,885
8 years$27,902$25,759$23,770$21,927$20,221$15,022
9 years$24,550$22,428$20,473$18,677$17,029$12,115
10 years$21,871$19,769$17,849$16,100$14,510$9,874
11 years$19,680$17,599$15,714$14,012$12,479$8,113
12 years$17,855$15,796$13,946$12,290$10,814$6,710
13 years$16,313$14,275$12,460$10,850$9,430$5,578
14 years$14,992$12,975$11,195$9,632$8,266$4,657
15 years$13,848$11,853$10,108$8,590$7,278$3,901
16 years$12,848$10,875$9,164$7,691$6,433$3,277
17 years$11,967$10,016$8,339$6,911$5,704$2,759
18 years$11,184$9,255$7,612$6,228$5,071$2,328
19 years$10,485$8,577$6,969$5,627$4,520$1,967
20 years$9,856$7,970$6,396$5,097$4,038$1,665
21 years$9,288$7,424$5,883$4,626$3,613$1,410
22 years$8,772$6,930$5,422$4,206$3,239$1,196
23 years$8,302$6,482$5,006$3,830$2,907$1,015
24 years$7,872$6,073$4,630$3,493$2,613$862
25 years$7,477$5,699$4,288$3,190$2,351$732
26 years$7,112$5,356$3,977$2,917$2,118$623
27 years$6,776$5,041$3,693$2,670$1,910$530
28 years$6,463$4,750$3,433$2,446$1,723$451
29 years$6,173$4,481$3,195$2,243$1,556$383
30 years$5,903$4,232$2,976$2,059$1,406$326
31 years$5,651$4,001$2,774$1,891$1,271$278
32 years$5,415$3,785$2,588$1,738$1,150$237
33 years$5,193$3,585$2,417$1,598$1,040$202
34 years$4,986$3,398$2,258$1,470$942$172
35 years$4,790$3,223$2,111$1,354$853$146
36 years$4,606$3,059$1,975$1,247$773$125
37 years$4,432$2,905$1,849$1,149$701$106
38 years$4,268$2,761$1,731$1,059$635$91
39 years$4,112$2,625$1,622$976$576$77
40 years$3,965$2,498$1,520$900$522$66
41 years$3,825$2,378$1,425$831$474$56
42 years$3,692$2,264$1,337$767$430$48
43 years$3,566$2,157$1,255$708$390$41
44 years$3,446$2,056$1,178$653$354$35
45 years$3,331$1,961$1,106$603$322$30
46 years$3,222$1,871$1,039$557$292$25
47 years$3,118$1,785$976$515$265$21
48 years$3,018$1,704$917$476$241$18
49 years$2,923$1,628$862$440$219$16
50 years$2,831$1,555$810$406$199$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $2,900,000, adding $4,807 every year, while hoping to spend $48,449 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: 69/14/17 Blend
56$2,900,000$2,900,000$2,900,000$2,900,000
57$3,200,758$3,047,058$3,002,108$3,408,328
58$3,475,686$3,144,815$3,051,130$3,645,033
59$3,777,033$3,245,738$3,100,169$3,897,744
60$4,107,443$3,349,931$3,149,177$4,173,031
61$4,469,826$3,457,501$3,198,099$4,473,117
62$4,867,390$3,568,561$3,246,877$4,800,445
63$5,303,668$3,683,224$3,295,451$5,157,708
64$5,782,549$3,801,610$3,343,756$5,547,870
65$6,308,321$3,923,840$3,391,724$5,974,197
66$6,885,704$4,050,043$3,439,281$6,440,284
67$7,519,899$4,180,348$3,486,349$6,950,092
68$8,216,635$4,314,891$3,532,849$7,507,983
69$8,982,224$4,453,813$3,578,691$8,118,762
70$9,823,619$4,597,258$3,623,786$8,787,720
71$10,748,480$4,745,376$3,668,035$9,520,689
72$11,765,247$4,898,322$3,711,336$10,324,089
73$12,883,218$5,056,255$3,753,581$11,204,996
74$14,112,636$5,219,341$3,794,656$12,171,203
75$15,464,787$5,387,751$3,834,439$13,231,295
76$16,952,107$5,561,663$3,872,804$14,394,733
77$18,588,296$5,741,258$3,909,617$15,671,936
78$20,388,448$5,926,726$3,944,736$17,074,387
79$22,369,197$6,118,263$3,978,012$18,614,735
80$24,548,868$6,316,070$4,009,288$20,306,916
81$26,947,652$6,520,358$4,038,399$22,166,287
82$29,587,799$6,731,341$4,065,171$24,209,765
83$32,493,823$6,949,245$4,089,423$26,455,993
84$35,692,735$7,174,300$4,110,960$28,925,510
85$39,214,299$7,406,746$4,129,583$31,640,948
86$43,091,311$7,646,831$4,145,078$34,627,242
87$47,359,909$7,894,809$4,157,222$37,911,872
88$52,059,912$8,150,948$4,165,781$41,525,112
89$57,235,199$8,415,519$4,170,510$45,500,323
90$62,934,117$8,688,808$4,171,151$49,874,267
91$69,209,945$8,971,107$4,167,432$54,687,449
92$76,121,388$9,262,720$4,159,070$59,984,504
93$83,733,137$9,563,961$4,145,766$65,814,615
94$92,116,477$9,875,155$4,127,209$72,231,979
95$101,349,958$10,196,638$4,103,071$79,296,317
96$111,520,139$10,528,759$4,073,009$87,073,437
97$122,722,401$10,871,876$4,036,663$95,635,855
98$135,061,851$11,226,363$3,993,656$105,063,481
99$148,654,311$11,592,605$3,943,594$115,444,372
100$163,627,410$11,971,003$3,886,064$126,875,561