Can I retire at age 57 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,292,341
2 years$674,532$661,969$649,794$637,990$626,540$603,052
3 years$445,221$432,604$420,460$408,766$397,502$374,652
4 years$330,588$318,010$305,987$294,493$283,502$261,464
5 years$261,826$249,324$237,459$226,199$215,514$194,351
6 years$216,000$203,592$191,902$180,893$170,529$150,265
7 years$183,280$170,976$159,471$148,722$138,686$119,327
8 years$158,751$146,558$135,244$124,759$115,053$96,595
9 years$139,683$127,605$116,486$106,267$96,891$79,323
10 years$124,437$112,478$101,555$91,603$82,556$65,862
11 years$111,972$100,132$89,407$79,722$71,001$55,162
12 years$101,592$89,873$79,347$69,927$61,528$46,524
13 years$92,815$81,219$70,891$61,735$53,654$39,460
14 years$85,299$73,826$63,696$54,802$47,032$33,625
15 years$78,790$67,441$57,509$48,873$41,411$28,764
16 years$73,101$61,876$52,140$43,761$36,599$24,684
17 years$68,087$56,986$47,446$39,319$32,451$21,241
18 years$63,634$52,657$43,312$35,434$28,854$18,320
19 years$59,655$48,802$39,650$32,018$25,718$15,832
20 years$56,078$45,349$36,389$28,998$22,972$13,704
21 years$52,846$42,241$33,470$26,318$20,558$11,880
22 years$49,912$39,431$30,848$23,929$18,427$10,310
23 years$47,237$36,879$28,483$21,793$16,541$8,958
24 years$44,789$34,553$26,342$19,876$14,867$7,790
25 years$42,540$32,426$24,398$18,152$13,378$6,780
26 years$40,467$30,475$22,628$16,597$12,051$5,904
27 years$38,551$28,681$21,012$15,192$10,865$5,145
28 years$36,775$27,026$19,533$13,919$9,804$4,486
29 years$35,124$25,496$18,177$12,764$8,852$3,913
30 years$33,587$24,078$16,932$11,714$7,999$3,414
31 years$32,151$22,762$15,785$10,759$7,232$2,980
32 years$30,808$21,537$14,727$9,887$6,541$2,602
33 years$29,549$20,396$13,751$9,092$5,920$2,272
34 years$28,367$19,331$12,848$8,366$5,360$1,985
35 years$27,254$18,335$12,012$7,701$4,855$1,734
36 years$26,206$17,403$11,237$7,092$4,399$1,516
37 years$25,216$16,529$10,518$6,535$3,987$1,325
38 years$24,281$15,708$9,849$6,023$3,614$1,158
39 years$23,397$14,937$9,228$5,554$3,277$1,012
40 years$22,558$14,211$8,649$5,123$2,973$885
41 years$21,763$13,528$8,110$4,726$2,697$774
42 years$21,007$12,883$7,608$4,362$2,447$677
43 years$20,288$12,275$7,139$4,026$2,221$592
44 years$19,604$11,701$6,701$3,718$2,016$517
45 years$18,953$11,158$6,292$3,433$1,830$453
46 years$18,331$10,644$5,910$3,171$1,662$396
47 years$17,738$10,158$5,552$2,930$1,509$346
48 years$17,171$9,697$5,217$2,707$1,370$303
49 years$16,629$9,260$4,904$2,502$1,245$265
50 years$16,110$8,846$4,610$2,313$1,130$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,500,000, adding $5,419 every year, while hoping to spend $55,491 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: 42/35/23 Blend
56$16,500,000$16,500,000$16,500,000$16,500,000
57$18,188,590$17,314,090$17,058,340$18,829,749
58$19,984,784$18,103,438$17,570,752$20,077,087
59$21,962,330$18,929,605$18,098,470$21,421,269
60$24,139,667$19,794,335$18,641,949$22,875,831
61$26,537,114$20,699,459$19,201,655$24,450,960
62$29,177,060$21,646,892$19,778,070$26,157,838
63$32,084,174$22,638,644$20,371,690$28,008,737
64$35,285,643$23,676,820$20,983,024$30,017,135
65$38,811,420$24,763,626$21,612,598$32,197,832
66$42,694,517$25,901,376$22,260,951$34,567,082
67$46,971,306$27,092,491$22,928,641$37,142,744
68$51,681,868$28,339,512$23,616,240$39,944,436
69$56,870,372$29,645,102$24,324,337$42,993,720
70$62,585,487$31,012,049$25,053,540$46,314,291
71$68,880,846$32,443,278$25,804,473$49,932,194
72$75,815,548$33,941,854$26,577,778$53,876,061
73$83,454,718$35,510,990$27,374,118$58,177,371
74$91,870,122$37,154,051$28,194,174$62,870,738
75$101,140,843$38,874,568$29,038,647$67,994,229
76$111,354,026$40,676,239$29,908,259$73,589,706
77$122,605,704$42,562,942$30,803,753$79,703,219
78$135,001,700$44,538,740$31,725,893$86,385,420
79$148,658,629$46,607,895$32,675,466$93,692,036
80$163,704,998$48,774,870$33,653,283$101,684,376
81$180,282,417$51,044,348$34,660,177$110,429,901
82$198,546,938$53,421,235$35,697,007$120,002,842
83$218,670,524$55,910,675$36,764,656$130,484,891
84$240,842,678$58,518,058$37,864,032$141,965,952
85$265,272,227$61,249,038$38,996,072$154,544,977
86$292,189,292$64,109,539$40,161,739$168,330,880
87$321,847,466$67,105,773$41,362,023$183,443,550
88$354,526,202$70,244,250$42,597,946$200,014,963
89$390,533,453$73,531,797$43,870,556$218,190,407
90$430,208,580$76,975,570$45,180,934$238,129,836
91$473,925,552$80,583,069$46,530,192$260,009,358
92$522,096,479$84,362,161$47,919,475$284,022,874
93$575,175,503$88,321,090$49,349,960$310,383,884
94$633,663,080$92,468,499$50,822,860$339,327,485
95$698,110,711$96,813,452$52,339,421$371,112,554
96$769,126,140$101,365,448$53,900,929$406,024,175
97$847,379,099$106,134,448$55,508,703$444,376,298
98$933,607,626$111,130,894$57,164,103$486,514,674
99$1,028,625,033$116,365,737$58,868,529$532,820,089
100$1,133,327,581$121,850,453$60,623,420$583,711,926