Can I retire at age 57 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,344,807
2 years$694,972$682,029$669,485$657,323$645,526$634,642
3 years$458,713$445,714$433,201$421,153$409,548$398,915
4 years$340,606$327,647$315,260$303,417$292,093$281,793
5 years$269,760$256,879$244,654$233,053$222,044$212,107
6 years$222,546$209,761$197,717$186,375$175,696$166,134
7 years$188,834$176,157$164,304$153,229$142,888$133,705
8 years$163,562$150,999$139,343$128,540$118,539$109,736
9 years$143,916$131,472$120,016$109,487$99,827$91,401
10 years$128,208$115,886$104,632$94,379$85,058$77,004
11 years$115,365$103,166$92,117$82,138$73,153$65,465
12 years$104,670$92,597$81,751$72,046$63,393$56,064
13 years$95,628$83,680$73,039$63,606$55,280$48,303
14 years$87,883$76,063$65,626$56,462$48,458$41,823
15 years$81,178$69,485$59,252$50,355$42,666$36,365
16 years$75,316$63,751$53,720$45,087$37,708$31,731
17 years$70,150$58,712$48,883$40,510$33,435$27,771
18 years$65,562$54,253$44,624$36,508$29,729$24,368
19 years$61,463$50,281$40,851$32,988$26,498$21,430
20 years$57,778$46,724$37,491$29,877$23,668$18,882
21 years$54,448$43,521$34,485$27,115$21,180$16,665
22 years$51,425$40,625$31,783$24,654$18,985$14,729
23 years$48,669$37,996$29,346$22,453$17,042$13,035
24 years$46,146$35,600$27,140$20,478$15,318$11,549
25 years$43,829$33,409$25,137$18,702$13,784$10,242
26 years$41,693$31,399$23,313$17,100$12,416$9,091
27 years$39,719$29,550$21,649$15,652$11,194$8,076
28 years$37,889$27,845$20,125$14,341$10,101$7,178
29 years$36,189$26,268$18,728$13,151$9,121$6,384
30 years$34,605$24,808$17,445$12,069$8,241$5,681
31 years$33,126$23,452$16,263$11,085$7,451$5,058
32 years$31,742$22,190$15,174$10,187$6,740$4,505
33 years$30,445$21,014$14,168$9,368$6,099$4,014
34 years$29,226$19,917$13,238$8,619$5,522$3,578
35 years$28,080$18,891$12,376$7,934$5,002$3,190
36 years$27,000$17,930$11,578$7,307$4,532$2,844
37 years$25,981$17,029$10,836$6,733$4,107$2,537
38 years$25,017$16,184$10,148$6,206$3,724$2,263
39 years$24,106$15,389$9,507$5,722$3,377$2,020
40 years$23,242$14,642$8,911$5,278$3,063$1,802
41 years$22,422$13,938$8,356$4,869$2,779$1,609
42 years$21,643$13,274$7,838$4,494$2,521$1,436
43 years$20,903$12,647$7,355$4,148$2,288$1,282
44 years$20,198$12,055$6,904$3,830$2,077$1,145
45 years$19,527$11,496$6,483$3,537$1,886$1,022
46 years$18,886$10,967$6,089$3,268$1,712$913
47 years$18,275$10,465$5,720$3,019$1,555$815
48 years$17,691$9,991$5,375$2,790$1,412$728
49 years$17,132$9,541$5,053$2,578$1,282$651
50 years$16,598$9,114$4,750$2,383$1,165$581

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,000,000, adding $4,648 every year, while hoping to spend $26,931 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: 71/5/24 Blend
56$17,000,000$17,000,000$17,000,000$17,000,000
57$18,738,794$17,837,794$17,574,294$19,955,930
58$20,621,497$18,683,192$18,134,379$21,615,032
59$22,695,333$19,569,111$18,712,324$23,427,537
60$24,979,769$20,497,510$19,308,698$25,411,622
61$27,496,257$21,470,439$19,924,091$27,584,325
62$30,268,436$22,490,052$20,559,109$29,964,404
63$33,322,355$23,558,604$21,214,379$32,572,515
64$36,686,721$24,678,460$21,890,546$35,431,402
65$40,393,164$25,852,103$22,588,277$38,566,110
66$44,476,543$27,082,132$23,308,260$42,004,221
67$48,975,271$28,371,276$24,051,207$45,776,107
68$53,931,675$29,722,395$24,817,849$49,915,219
69$59,392,401$31,138,488$25,608,942$54,458,400
70$65,408,852$32,622,700$26,425,268$59,446,225
71$72,037,671$34,178,329$27,267,631$64,923,387
72$79,341,279$35,808,833$28,136,862$70,939,112
73$87,388,462$37,517,838$29,033,819$77,547,622
74$96,255,020$39,309,147$29,959,387$84,808,646
75$106,024,484$41,186,747$30,914,479$92,787,974
76$116,788,905$43,154,821$31,900,037$101,558,082
77$128,649,719$45,217,753$32,917,034$111,198,808
78$141,718,709$47,380,141$33,966,473$121,798,102
79$156,119,057$49,646,808$35,049,390$133,452,855
80$171,986,510$52,022,811$36,166,854$146,269,808
81$189,470,657$54,513,452$37,319,967$160,366,555
82$208,736,346$57,124,292$38,509,867$175,872,649
83$229,965,234$59,861,164$39,737,728$192,930,821
84$253,357,509$62,730,182$41,004,764$211,698,323
85$279,133,775$65,737,761$42,312,223$232,348,406
86$307,537,134$68,890,626$43,661,397$255,071,952
87$338,835,485$72,195,830$45,053,617$280,079,271
88$373,324,050$75,660,770$46,490,257$307,602,078
89$411,328,159$79,293,203$47,972,737$337,895,678
90$453,206,326$83,101,266$49,502,519$371,241,369
91$499,353,631$87,093,488$51,081,113$407,949,092
92$550,205,450$91,278,817$52,710,079$448,360,350
93$606,241,563$95,666,636$54,391,024$492,851,423
94$667,990,688$100,266,786$56,125,608$541,836,918
95$736,035,466$105,089,587$57,915,544$595,773,674
96$811,017,968$110,145,861$59,762,599$655,165,064
97$893,645,752$115,446,960$61,668,598$720,565,745
98$984,698,545$121,004,787$63,635,422$792,586,881
99$1,085,035,601$126,831,827$65,665,014$871,901,907
100$1,195,603,818$132,941,172$67,759,377$959,252,880