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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,285,996
2 years$686,796$674,005$661,609$649,590$637,931$584,543
3 years$453,316$440,470$428,105$416,198$404,730$353,295
4 years$336,599$323,792$311,551$299,847$288,657$239,567
5 years$266,587$253,857$241,776$230,312$219,432$172,812
6 years$219,927$207,293$195,391$184,182$173,629$129,507
7 years$186,612$174,085$162,371$151,426$141,207$99,567
8 years$161,637$149,223$137,703$127,028$117,145$77,943
9 years$142,223$129,925$118,604$108,199$98,653$61,830
10 years$126,700$114,523$103,402$93,269$84,057$49,540
11 years$114,008$101,953$91,033$81,172$72,292$39,999
12 years$103,439$91,507$80,790$71,199$62,647$32,491
13 years$94,503$82,696$72,180$62,858$54,629$26,517
14 years$86,849$75,168$64,854$55,798$47,888$21,724
15 years$80,223$68,668$58,555$49,762$42,164$17,852
16 years$74,430$63,001$53,088$44,557$37,265$14,707
17 years$69,325$58,022$48,308$40,034$33,041$12,140
18 years$64,791$53,615$44,099$36,078$29,379$10,038
19 years$60,740$49,690$40,371$32,600$26,186$8,311
20 years$57,098$46,174$37,050$29,526$23,390$6,888
21 years$53,807$43,009$34,079$26,796$20,931$5,715
22 years$50,820$40,148$31,409$24,364$18,762$4,745
23 years$48,096$37,549$29,001$22,189$16,842$3,942
24 years$45,603$35,181$26,821$20,237$15,138$3,277
25 years$43,313$33,016$24,841$18,482$13,622$2,725
26 years$41,203$31,029$23,039$16,899$12,270$2,267
27 years$39,252$29,202$21,394$15,468$11,062$1,886
28 years$37,444$27,517$19,888$14,172$9,982$1,570
29 years$35,763$25,959$18,508$12,996$9,013$1,307
30 years$34,198$24,516$17,239$11,927$8,144$1,088
31 years$32,736$23,176$16,072$10,954$7,363$906
32 years$31,368$21,929$14,995$10,067$6,660$755
33 years$30,086$20,767$14,001$9,258$6,028$629
34 years$28,882$19,682$13,082$8,518$5,457$524
35 years$27,750$18,668$12,231$7,841$4,943$436
36 years$26,682$17,719$11,441$7,221$4,479$363
37 years$25,675$16,829$10,709$6,654$4,059$303
38 years$24,723$15,994$10,028$6,133$3,680$252
39 years$23,822$15,208$9,396$5,655$3,337$210
40 years$22,968$14,469$8,807$5,216$3,027$175
41 years$22,158$13,774$8,258$4,812$2,746$146
42 years$21,389$13,117$7,746$4,441$2,492$122
43 years$20,657$12,498$7,269$4,100$2,261$101
44 years$19,961$11,913$6,823$3,785$2,053$84
45 years$19,297$11,361$6,406$3,496$1,863$70
46 years$18,664$10,838$6,017$3,229$1,692$59
47 years$18,060$10,342$5,653$2,983$1,536$49
48 years$17,483$9,873$5,312$2,757$1,395$41
49 years$16,931$9,428$4,993$2,548$1,267$34
50 years$16,403$9,006$4,694$2,355$1,151$28

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 $4,617 every year, while hoping to spend $32,099 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: 59/31/10 Blend
56$16,800,000$16,800,000$16,800,000$16,800,000
57$18,518,362$17,627,962$17,367,562$19,567,269
58$20,373,082$18,457,580$17,915,223$21,102,618
59$22,415,908$19,326,772$18,480,154$22,771,945
60$24,665,992$20,237,445$19,062,900$24,591,361
61$27,144,440$21,191,597$19,664,024$26,575,295
62$29,874,508$22,191,321$20,284,105$28,739,609
63$32,881,826$23,238,814$20,923,741$31,101,744
64$36,194,635$24,336,377$21,583,548$33,680,872
65$39,844,053$25,486,426$22,264,162$36,498,079
66$43,864,376$26,691,490$22,966,241$39,576,552
67$48,293,393$27,954,223$23,690,461$42,941,795
68$53,172,747$29,277,409$24,437,519$46,621,861
69$58,548,328$30,663,963$25,208,138$50,647,609
70$64,470,706$32,116,945$26,003,058$55,052,990
71$70,995,605$33,639,563$26,823,048$59,875,358
72$78,184,434$35,235,178$27,668,897$65,155,814
73$86,104,863$36,907,318$28,541,421$70,939,588
74$94,831,462$38,659,680$29,441,462$77,276,452
75$104,446,407$40,496,141$30,369,888$84,221,188
76$115,040,254$42,420,765$31,327,592$91,834,086
77$126,712,794$44,437,816$32,315,500$100,181,511
78$139,573,993$46,551,763$33,334,563$109,336,513
79$153,745,033$48,767,293$34,385,765$119,379,507
80$169,359,457$51,089,321$35,470,118$130,399,024
81$186,564,423$53,522,999$36,588,669$142,492,526
82$205,522,101$56,073,732$37,742,495$155,767,323
83$226,411,196$58,747,187$38,932,710$170,341,563
84$249,428,644$61,549,304$40,160,462$186,345,339
85$274,791,462$64,486,316$41,426,933$203,921,902
86$302,738,801$67,564,756$42,733,346$223,228,995
87$333,534,206$70,791,476$44,080,960$244,440,326
88$367,468,097$74,173,660$45,471,074$267,747,192
89$404,860,517$77,718,844$46,905,029$293,360,268
90$446,064,150$81,434,928$48,384,208$321,511,575
91$491,467,652$85,330,198$49,910,037$352,456,649
92$541,499,317$89,413,342$51,483,988$386,476,938
93$596,631,123$93,693,472$53,107,578$423,882,432
94$657,383,189$98,180,143$54,782,373$465,014,572
95$724,328,679$102,883,375$56,509,987$510,249,442
96$798,099,220$107,813,676$58,292,088$560,001,304
97$879,390,860$112,982,066$60,130,393$614,726,476
98$968,970,642$118,400,101$62,026,674$674,927,613
99$1,067,683,842$124,079,900$63,982,762$741,158,430
100$1,176,461,951$130,034,173$66,000,542$814,028,890