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%14.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,305,328
2 years$682,708$669,993$657,671$645,723$634,134$607,695
3 years$450,618$437,848$425,556$413,721$402,321$376,620
4 years$334,595$321,865$309,696$298,063$286,938$262,174
5 years$265,000$252,346$240,337$228,941$218,126$194,369
6 years$218,618$206,059$194,228$183,086$172,596$149,871
7 years$185,501$173,048$161,404$150,525$140,367$118,680
8 years$160,675$148,334$136,884$126,272$116,448$95,793
9 years$141,376$129,152$117,898$107,555$98,066$78,430
10 years$125,946$113,841$102,786$92,714$83,557$64,921
11 years$113,329$101,346$90,491$80,689$71,862$54,203
12 years$102,823$90,963$80,309$70,775$62,274$45,567
13 years$93,940$82,204$71,750$62,484$54,304$38,521
14 years$86,333$74,721$64,468$55,466$47,603$32,714
15 years$79,745$68,259$58,206$49,466$41,913$27,888
16 years$73,987$62,626$52,772$44,291$37,043$23,849
17 years$68,912$57,676$48,021$39,795$32,845$20,449
18 years$64,405$53,296$43,837$35,864$29,204$17,573
19 years$60,378$49,394$40,130$32,406$26,030$15,130
20 years$56,758$45,899$36,830$29,350$23,251$13,047
21 years$53,487$42,753$33,876$26,637$20,807$11,267
22 years$50,517$39,909$31,222$24,219$18,650$9,741
23 years$47,810$37,326$28,828$22,057$16,742$8,431
24 years$45,332$34,972$26,661$20,117$15,048$7,303
25 years$43,055$32,819$24,694$18,372$13,541$6,330
26 years$40,957$30,845$22,902$16,798$12,197$5,491
27 years$39,018$29,029$21,267$15,376$10,997$4,766
28 years$37,221$27,353$19,770$14,088$9,922$4,138
29 years$35,550$25,805$18,398$12,919$8,960$3,595
30 years$33,994$24,370$17,137$11,856$8,096$3,124
31 years$32,541$23,038$15,976$10,889$7,319$2,715
32 years$31,182$21,798$14,906$10,007$6,621$2,361
33 years$29,907$20,643$13,918$9,202$5,992$2,053
34 years$28,710$19,565$13,004$8,467$5,425$1,786
35 years$27,584$18,557$12,158$7,794$4,914$1,554
36 years$26,523$17,614$11,373$7,178$4,452$1,352
37 years$25,522$16,729$10,645$6,614$4,035$1,177
38 years$24,576$15,898$9,969$6,096$3,658$1,024
39 years$23,680$15,118$9,340$5,621$3,317$892
40 years$22,832$14,383$8,754$5,185$3,009$776
41 years$22,026$13,692$8,209$4,783$2,730$676
42 years$21,262$13,039$7,700$4,415$2,477$588
43 years$20,534$12,424$7,225$4,075$2,248$512
44 years$19,842$11,843$6,782$3,763$2,040$446
45 years$19,182$11,293$6,368$3,475$1,852$389
46 years$18,553$10,773$5,981$3,210$1,682$338
47 years$17,953$10,281$5,619$2,966$1,527$295
48 years$17,379$9,814$5,281$2,740$1,387$257
49 years$16,830$9,372$4,963$2,533$1,260$224
50 years$16,305$8,953$4,666$2,341$1,144$195

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 $3,636 every year, while hoping to spend $40,164 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: 79/15/6 Blend
56$16,700,000$16,700,000$16,700,000$16,700,000
57$18,407,151$17,522,051$17,263,201$19,852,146
58$20,241,946$18,337,897$17,798,784$21,615,247
59$22,262,544$19,192,373$18,350,963$23,543,153
60$24,487,854$20,087,331$18,920,251$25,656,712
61$26,938,715$21,024,709$19,507,178$27,974,402
62$29,638,085$22,006,541$20,112,290$30,516,568
63$32,611,267$23,034,959$20,736,149$33,305,605
64$35,886,142$24,112,198$21,379,336$36,366,174
65$39,493,433$25,240,600$22,042,448$39,725,429
66$43,466,995$26,422,621$22,726,102$43,413,267
67$47,844,135$27,660,836$23,430,933$47,462,612
68$52,665,963$28,957,944$24,157,596$51,909,720
69$57,977,783$30,316,774$24,906,767$56,794,517
70$63,829,515$31,740,294$25,679,141$62,160,974
71$70,276,170$33,231,614$26,475,437$68,057,516
72$77,378,370$34,793,993$27,296,395$74,537,479
73$85,202,916$36,430,851$28,142,776$81,659,602
74$93,823,422$38,145,771$29,015,368$89,488,587
75$103,321,008$39,942,512$29,914,981$98,095,697
76$113,785,068$41,825,012$30,842,449$107,559,428
77$125,314,110$43,797,402$31,798,636$117,966,241
78$138,016,687$45,864,013$32,784,428$129,411,379
79$152,012,424$48,029,384$33,800,741$141,999,755
80$167,433,144$50,298,277$34,848,519$155,846,941
81$184,424,114$52,675,682$35,928,734$171,080,248
82$203,145,416$55,166,833$37,042,389$187,839,927
83$223,773,458$57,777,217$38,190,518$206,280,482
84$246,502,636$60,512,586$39,374,187$226,572,123
85$271,547,176$63,378,974$40,594,493$248,902,367
86$299,143,149$66,382,705$41,852,570$273,477,799
87$329,550,704$69,530,411$43,149,584$300,526,015
88$363,056,520$72,829,045$44,486,739$330,297,763
89$399,976,516$76,285,899$45,865,276$363,069,299
90$440,658,830$79,908,618$47,286,473$399,144,989
91$485,487,110$83,705,219$48,751,648$438,860,170
92$534,884,127$87,684,107$50,262,161$482,584,307
93$589,315,777$91,854,097$51,819,412$530,724,473
94$649,295,469$96,224,431$53,424,845$583,729,177
95$715,388,978$100,804,799$55,079,949$642,092,588
96$788,219,785$105,605,365$56,786,258$706,359,190
97$868,474,959$110,636,784$58,545,354$777,128,909
98$956,911,649$115,910,231$60,358,867$855,062,761
99$1,054,364,227$121,437,422$62,228,479$940,889,083
100$1,161,752,167$127,230,645$64,155,922$1,035,410,392