Can I retire at age 57 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,321,628
2 years$682,708$669,993$657,671$645,723$634,134$623,998
3 years$450,618$437,848$425,556$413,721$402,321$392,416
4 years$334,595$321,865$309,696$298,063$286,938$277,342
5 years$265,000$252,346$240,337$228,941$218,126$208,866
6 years$218,618$206,059$194,228$183,086$172,596$163,683
7 years$185,501$173,048$161,404$150,525$140,367$131,806
8 years$160,675$148,334$136,884$126,272$116,448$108,239
9 years$141,376$129,152$117,898$107,555$98,066$90,207
10 years$125,946$113,841$102,786$92,714$83,557$76,043
11 years$113,329$101,346$90,491$80,689$71,862$64,688
12 years$102,823$90,963$80,309$70,775$62,274$55,434
13 years$93,940$82,204$71,750$62,484$54,304$47,790
14 years$86,333$74,721$64,468$55,466$47,603$41,407
15 years$79,745$68,259$58,206$49,466$41,913$36,027
16 years$73,987$62,626$52,772$44,291$37,043$31,457
17 years$68,912$57,676$48,021$39,795$32,845$27,551
18 years$64,405$53,296$43,837$35,864$29,204$24,192
19 years$60,378$49,394$40,130$32,406$26,030$21,290
20 years$56,758$45,899$36,830$29,350$23,251$18,772
21 years$53,487$42,753$33,876$26,637$20,807$16,580
22 years$50,517$39,909$31,222$24,219$18,650$14,666
23 years$47,810$37,326$28,828$22,057$16,742$12,989
24 years$45,332$34,972$26,661$20,117$15,048$11,517
25 years$43,055$32,819$24,694$18,372$13,541$10,222
26 years$40,957$30,845$22,902$16,798$12,197$9,080
27 years$39,018$29,029$21,267$15,376$10,997$8,072
28 years$37,221$27,353$19,770$14,088$9,922$7,181
29 years$35,550$25,805$18,398$12,919$8,960$6,392
30 years$33,994$24,370$17,137$11,856$8,096$5,693
31 years$32,541$23,038$15,976$10,889$7,319$5,072
32 years$31,182$21,798$14,906$10,007$6,621$4,521
33 years$29,907$20,643$13,918$9,202$5,992$4,032
34 years$28,710$19,565$13,004$8,467$5,425$3,596
35 years$27,584$18,557$12,158$7,794$4,914$3,209
36 years$26,523$17,614$11,373$7,178$4,452$2,864
37 years$25,522$16,729$10,645$6,614$4,035$2,557
38 years$24,576$15,898$9,969$6,096$3,658$2,283
39 years$23,680$15,118$9,340$5,621$3,317$2,039
40 years$22,832$14,383$8,754$5,185$3,009$1,821
41 years$22,026$13,692$8,209$4,783$2,730$1,627
42 years$21,262$13,039$7,700$4,415$2,477$1,454
43 years$20,534$12,424$7,225$4,075$2,248$1,299
44 years$19,842$11,843$6,782$3,763$2,040$1,161
45 years$19,182$11,293$6,368$3,475$1,852$1,038
46 years$18,553$10,773$5,981$3,210$1,682$927
47 years$17,953$10,281$5,619$2,966$1,527$829
48 years$17,379$9,814$5,281$2,740$1,387$741
49 years$16,830$9,372$4,963$2,533$1,260$662
50 years$16,305$8,953$4,666$2,341$1,144$592

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,700,000, adding $5,258 every year, while hoping to spend $38,839 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: 57/35/8 Blend
56$16,700,000$16,700,000$16,700,000$16,700,000
57$18,408,824$17,523,724$17,264,874$19,424,190
58$20,245,199$18,341,062$17,801,922$20,925,825
59$22,267,583$19,197,148$18,355,661$22,556,362
60$24,494,908$20,093,839$18,926,607$24,331,965
61$26,948,035$21,033,083$19,515,294$26,266,496
62$29,649,952$22,016,922$20,122,274$28,375,191
63$32,625,991$23,047,495$20,748,114$30,674,794
64$35,904,066$24,127,046$21,393,400$33,183,712
65$39,514,936$25,257,927$22,058,734$35,922,179
66$43,492,498$26,442,604$22,744,740$38,912,444
67$47,874,103$27,683,662$23,452,059$42,178,971
68$52,700,911$28,983,810$24,181,353$45,748,664
69$58,018,278$30,345,891$24,933,302$49,651,113
70$63,876,186$31,772,884$25,708,611$53,918,865
71$70,329,712$33,267,910$26,508,005$58,587,722
72$77,439,549$34,834,244$27,332,229$63,697,074
73$85,272,580$36,475,319$28,182,056$69,290,255
74$93,902,508$38,194,734$29,058,279$75,414,949
75$103,410,550$39,996,262$29,961,718$82,123,624
76$113,886,207$41,883,859$30,893,216$89,474,023
77$125,428,106$43,861,675$31,853,645$97,529,692
78$138,144,932$45,934,056$32,843,901$106,360,571
79$152,156,454$48,105,563$33,864,911$116,043,643
80$167,594,654$50,380,978$34,917,627$126,663,646
81$184,604,976$52,765,313$36,003,035$138,313,860
82$203,347,693$55,263,823$37,122,147$151,096,975
83$223,999,428$57,882,021$38,276,009$165,126,041
84$246,754,813$60,625,683$39,465,698$180,525,529
85$271,828,332$63,500,870$40,692,327$197,432,479
86$299,456,343$66,513,933$41,957,041$215,997,785
87$329,899,309$69,671,535$43,261,021$236,387,597
88$363,444,257$72,980,659$44,605,483$258,784,876
89$400,407,489$76,448,629$45,991,685$283,391,094
90$441,137,567$80,083,126$47,420,920$310,428,125
91$486,018,600$83,892,200$48,894,523$340,140,311
92$535,473,877$87,884,298$50,413,869$372,796,748
93$589,969,855$92,068,271$51,980,376$408,693,808
94$650,020,569$96,453,405$53,595,507$448,157,905
95$716,192,480$101,049,434$55,260,770$491,548,555
96$789,109,825$105,866,569$56,977,717$539,261,744
97$869,460,509$110,915,512$58,747,953$591,733,635
98$958,002,599$116,207,491$60,573,128$649,444,660
99$1,055,571,482$121,754,276$62,454,945$712,924,019
100$1,163,087,748$127,568,211$64,395,161$782,754,652