Can I retire at age 57 with 16,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,311,000
2 years$686,796$674,005$661,609$649,590$637,931$609,201
3 years$453,316$440,470$428,105$416,198$404,730$376,821
4 years$336,599$323,792$311,551$299,847$288,657$261,785
5 years$266,587$253,857$241,776$230,312$219,432$193,673
6 years$219,927$207,293$195,391$184,182$173,629$149,010
7 years$186,612$174,085$162,371$151,426$141,207$117,733
8 years$161,637$149,223$137,703$127,028$117,145$94,808
9 years$142,223$129,925$118,604$108,199$98,653$77,438
10 years$126,700$114,523$103,402$93,269$84,057$63,942
11 years$114,008$101,953$91,033$81,172$72,292$53,250
12 years$103,439$91,507$80,790$71,199$62,647$44,650
13 years$94,503$82,696$72,180$62,858$54,629$37,646
14 years$86,849$75,168$64,854$55,798$47,888$31,884
15 years$80,223$68,668$58,555$49,762$42,164$27,105
16 years$74,430$63,001$53,088$44,557$37,265$23,114
17 years$69,325$58,022$48,308$40,034$33,041$19,761
18 years$64,791$53,615$44,099$36,078$29,379$16,932
19 years$60,740$49,690$40,371$32,600$26,186$14,535
20 years$57,098$46,174$37,050$29,526$23,390$12,497
21 years$53,807$43,009$34,079$26,796$20,931$10,759
22 years$50,820$40,148$31,409$24,364$18,762$9,274
23 years$48,096$37,549$29,001$22,189$16,842$8,001
24 years$45,603$35,181$26,821$20,237$15,138$6,909
25 years$43,313$33,016$24,841$18,482$13,622$5,970
26 years$41,203$31,029$23,039$16,899$12,270$5,162
27 years$39,252$29,202$21,394$15,468$11,062$4,465
28 years$37,444$27,517$19,888$14,172$9,982$3,865
29 years$35,763$25,959$18,508$12,996$9,013$3,346
30 years$34,198$24,516$17,239$11,927$8,144$2,898
31 years$32,736$23,176$16,072$10,954$7,363$2,511
32 years$31,368$21,929$14,995$10,067$6,660$2,176
33 years$30,086$20,767$14,001$9,258$6,028$1,886
34 years$28,882$19,682$13,082$8,518$5,457$1,635
35 years$27,750$18,668$12,231$7,841$4,943$1,418
36 years$26,682$17,719$11,441$7,221$4,479$1,230
37 years$25,675$16,829$10,709$6,654$4,059$1,067
38 years$24,723$15,994$10,028$6,133$3,680$925
39 years$23,822$15,208$9,396$5,655$3,337$803
40 years$22,968$14,469$8,807$5,216$3,027$696
41 years$22,158$13,774$8,258$4,812$2,746$604
42 years$21,389$13,117$7,746$4,441$2,492$524
43 years$20,657$12,498$7,269$4,100$2,261$455
44 years$19,961$11,913$6,823$3,785$2,053$395
45 years$19,297$11,361$6,406$3,496$1,863$343
46 years$18,664$10,838$6,017$3,229$1,692$297
47 years$18,060$10,342$5,653$2,983$1,536$258
48 years$17,483$9,873$5,312$2,757$1,395$224
49 years$16,931$9,428$4,993$2,548$1,267$194
50 years$16,403$9,006$4,694$2,355$1,151$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,800,000, adding $6,571 every year, while hoping to spend $47,798 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: 46/35/19 Blend
56$16,800,000$16,800,000$16,800,000$16,800,000
57$18,520,378$17,629,978$17,369,578$19,271,496
58$20,358,600$18,442,990$17,900,602$20,610,159
59$22,382,718$19,294,238$18,447,814$22,056,327
60$24,611,644$20,185,545$19,011,704$23,624,302
61$27,066,217$21,118,821$19,592,781$25,325,449
62$29,769,397$22,096,069$20,191,565$27,172,246
63$32,746,488$23,119,389$20,808,595$29,178,396
64$36,025,372$24,190,981$21,444,425$31,358,949
65$39,636,772$25,313,151$22,099,625$33,730,439
66$43,614,544$26,488,318$22,774,785$36,311,032
67$47,995,997$27,719,014$23,470,509$39,120,688
68$52,822,239$29,007,896$24,187,422$42,181,346
69$58,138,574$30,357,750$24,926,167$45,517,119
70$63,994,922$31,771,493$25,687,407$49,154,514
71$70,446,293$33,252,185$26,471,823$53,122,675
72$77,553,306$34,803,033$27,280,121$57,453,646
73$85,382,761$36,427,400$28,113,023$62,182,667
74$94,008,270$38,128,810$28,971,277$67,348,493
75$103,510,950$39,910,958$29,855,651$72,993,753
76$113,980,189$41,777,717$30,766,937$79,165,336
77$125,514,491$43,733,147$31,705,952$85,914,827
78$138,222,403$45,781,506$32,673,536$93,298,980
79$152,223,544$47,927,255$33,670,555$101,380,240
80$167,649,728$50,175,074$34,697,902$110,227,319
81$184,646,214$52,529,866$35,756,495$119,915,834
82$203,373,072$54,996,774$36,847,282$130,529,000
83$224,006,698$57,581,188$37,971,238$142,158,408
84$246,741,474$60,288,760$39,129,368$154,904,868
85$271,791,610$63,125,414$40,322,707$168,879,343
86$299,393,159$66,097,364$41,552,322$184,203,986
87$329,806,248$69,211,122$42,819,312$201,013,266
88$363,317,534$72,473,516$44,124,808$219,455,226
89$400,242,910$75,891,705$45,469,976$239,692,856
90$440,930,483$79,473,195$46,856,017$261,905,610
91$485,763,868$83,225,857$48,284,168$286,291,082
92$535,165,799$87,157,941$49,755,705$313,066,846
93$589,602,130$91,278,099$51,271,940$342,472,486
94$649,586,222$95,595,401$52,834,225$374,771,832
95$715,683,799$100,119,358$54,443,954$410,255,426
96$788,518,283$104,859,942$56,102,562$449,243,236
97$868,776,677$109,827,609$57,811,528$492,087,648
98$957,216,059$115,033,322$59,572,374$539,176,763
99$1,054,670,718$120,488,576$61,386,670$590,938,030
100$1,162,060,038$126,205,424$63,256,031$647,842,245