Can I retire at age 57 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,309,214
2 years$690,884$678,017$665,547$653,456$641,728$603,325
3 years$456,014$443,092$430,653$418,676$407,139$369,949
4 years$338,602$325,719$313,405$301,632$290,375$254,686
5 years$268,174$255,368$243,215$231,683$220,738$186,647
6 years$221,236$208,527$196,554$185,278$174,663$142,200
7 years$187,723$175,121$163,337$152,328$142,048$111,214
8 years$162,599$150,111$138,523$127,784$117,842$88,621
9 years$143,069$130,698$119,310$108,843$99,240$71,602
10 years$127,454$115,204$104,017$93,824$84,558$58,465
11 years$114,686$102,560$91,575$81,655$72,722$48,133
12 years$104,054$92,052$81,270$71,622$63,020$39,886
13 years$95,065$83,188$72,610$63,232$54,954$33,225
14 years$87,366$75,616$65,240$56,130$48,173$27,795
15 years$80,700$69,076$58,903$50,058$42,415$23,333
16 years$74,873$63,376$53,404$44,822$37,487$19,643
17 years$69,737$58,367$48,596$40,272$33,238$16,577
18 years$65,177$53,934$44,362$36,293$29,554$14,016
19 years$61,101$49,985$40,611$32,794$26,342$11,871
20 years$57,438$46,449$37,271$29,701$23,529$10,068
21 years$54,127$43,265$34,282$26,956$21,056$8,549
22 years$51,122$40,386$31,596$24,509$18,874$7,266
23 years$48,382$37,773$29,173$22,321$16,942$6,181
24 years$45,874$35,391$26,980$20,358$15,228$5,262
25 years$43,571$33,212$24,989$18,592$13,703$4,482
26 years$41,448$31,214$23,176$17,000$12,343$3,820
27 years$39,485$29,376$21,521$15,560$11,128$3,256
28 years$37,666$27,681$20,007$14,256$10,041$2,777
29 years$35,976$26,114$18,618$13,073$9,067$2,370
30 years$34,401$24,662$17,342$11,998$8,193$2,022
31 years$32,931$23,314$16,167$11,019$7,407$1,726
32 years$31,555$22,059$15,084$10,127$6,700$1,474
33 years$30,265$20,891$14,084$9,313$6,064$1,258
34 years$29,054$19,800$13,160$8,568$5,490$1,075
35 years$27,915$18,780$12,303$7,888$4,972$918
36 years$26,841$17,825$11,510$7,264$4,505$784
37 years$25,828$16,929$10,773$6,693$4,083$670
38 years$24,870$16,089$10,088$6,169$3,702$572
39 years$23,964$15,299$9,452$5,688$3,357$489
40 years$23,105$14,556$8,859$5,247$3,045$418
41 years$22,290$13,856$8,307$4,841$2,762$357
42 years$21,516$13,196$7,792$4,467$2,507$305
43 years$20,780$12,573$7,312$4,124$2,275$261
44 years$20,080$11,984$6,863$3,808$2,065$223
45 years$19,412$11,428$6,445$3,517$1,875$190
46 years$18,775$10,902$6,053$3,248$1,702$163
47 years$18,168$10,404$5,687$3,001$1,545$139
48 years$17,587$9,932$5,344$2,773$1,404$119
49 years$17,032$9,484$5,023$2,563$1,275$102
50 years$16,500$9,060$4,722$2,369$1,158$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,900,000, adding $4,133 every year, while hoping to spend $39,017 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: 67/21/12 Blend
56$16,900,000$16,900,000$16,900,000$16,900,000
57$18,628,063$17,732,363$17,470,413$19,826,435
58$20,486,612$18,559,735$18,014,158$21,452,156
59$22,533,425$19,426,341$18,574,811$23,223,945
60$24,787,664$20,334,061$19,152,897$25,160,107
61$27,270,444$21,284,868$19,748,957$27,276,734
62$30,005,032$22,280,830$20,363,550$29,591,531
63$33,017,068$23,324,113$20,997,252$32,123,977
64$36,334,805$24,416,991$21,650,656$34,895,506
65$39,989,375$25,561,844$22,324,373$37,929,706
66$44,015,087$26,761,170$23,019,035$41,252,536
67$48,449,746$28,017,587$23,735,293$44,892,567
68$53,335,011$29,333,840$24,473,816$48,881,245
69$58,716,790$30,712,806$25,235,297$53,253,187
70$64,645,672$32,157,502$26,020,448$58,046,495
71$71,177,401$33,671,091$26,830,004$63,303,119
72$78,373,411$35,256,888$27,664,724$69,069,240
73$86,301,394$36,918,372$28,525,388$75,395,701
74$95,035,949$38,659,185$29,412,801$82,338,486
75$104,659,282$40,483,150$30,327,795$89,959,233
76$115,261,978$42,394,275$31,271,226$98,325,817
77$126,943,864$44,396,759$32,243,977$107,512,978
78$139,814,946$46,495,007$33,246,957$117,603,020
79$153,996,446$48,693,638$34,281,106$128,686,581
80$169,621,951$50,997,494$35,347,391$140,863,480
81$186,838,670$53,411,651$36,446,808$154,243,651
82$205,808,826$55,941,433$37,580,388$168,948,169
83$226,711,185$58,592,422$38,749,190$185,110,386
84$249,742,745$61,370,471$39,954,307$202,877,177
85$275,120,595$64,281,714$41,196,867$222,410,322
86$303,083,965$67,332,587$42,478,031$243,888,013
87$333,896,483$70,529,837$43,798,998$267,506,533
88$367,848,663$73,880,538$45,161,003$293,482,093
89$405,260,649$77,392,107$46,565,320$322,052,860
90$446,485,238$81,072,323$48,013,261$353,481,194
91$491,911,207$84,929,342$49,506,180$388,056,110
92$541,966,986$88,971,715$51,045,472$426,095,992
93$597,124,701$93,208,411$52,632,578$467,951,584
94$657,904,630$97,648,833$54,268,979$514,009,284
95$724,880,119$102,302,842$55,956,206$564,694,778
96$798,682,987$107,180,778$57,695,836$620,477,038
97$880,009,499$112,293,483$59,489,493$681,872,733
98$969,626,931$117,652,328$61,338,855$749,451,088
99$1,068,380,821$123,269,234$63,245,649$823,839,237
100$1,177,202,943$129,156,705$65,211,657$905,728,124