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

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 $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%16.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,321,224
2 years$694,972$682,029$669,485$657,323$645,526$611,112
3 years$458,713$445,714$433,201$421,153$409,548$376,177
4 years$340,606$327,647$315,260$303,417$292,093$260,021
5 years$269,760$256,879$244,654$233,053$222,044$191,360
6 years$222,546$209,761$197,717$186,375$175,696$146,430
7 years$188,834$176,157$164,304$153,229$142,888$115,043
8 years$163,562$150,999$139,343$128,540$118,539$92,103
9 years$143,916$131,472$120,016$109,487$99,827$74,776
10 years$128,208$115,886$104,632$94,379$85,058$61,363
11 years$115,365$103,166$92,117$82,138$73,153$50,778
12 years$104,670$92,597$81,751$72,046$63,393$42,300
13 years$95,628$83,680$73,039$63,606$55,280$35,427
14 years$87,883$76,063$65,626$56,462$48,458$29,800
15 years$81,178$69,485$59,252$50,355$42,666$25,157
16 years$75,316$63,751$53,720$45,087$37,708$21,301
17 years$70,150$58,712$48,883$40,510$33,435$18,080
18 years$65,562$54,253$44,624$36,508$29,729$15,379
19 years$61,463$50,281$40,851$32,988$26,498$13,103
20 years$57,778$46,724$37,491$29,877$23,668$11,181
21 years$54,448$43,521$34,485$27,115$21,180$9,553
22 years$51,425$40,625$31,783$24,654$18,985$8,170
23 years$48,669$37,996$29,346$22,453$17,042$6,994
24 years$46,146$35,600$27,140$20,478$15,318$5,991
25 years$43,829$33,409$25,137$18,702$13,784$5,136
26 years$41,693$31,399$23,313$17,100$12,416$4,405
27 years$39,719$29,550$21,649$15,652$11,194$3,780
28 years$37,889$27,845$20,125$14,341$10,101$3,245
29 years$36,189$26,268$18,728$13,151$9,121$2,787
30 years$34,605$24,808$17,445$12,069$8,241$2,394
31 years$33,126$23,452$16,263$11,085$7,451$2,057
32 years$31,742$22,190$15,174$10,187$6,740$1,768
33 years$30,445$21,014$14,168$9,368$6,099$1,520
34 years$29,226$19,917$13,238$8,619$5,522$1,307
35 years$28,080$18,891$12,376$7,934$5,002$1,123
36 years$27,000$17,930$11,578$7,307$4,532$966
37 years$25,981$17,029$10,836$6,733$4,107$831
38 years$25,017$16,184$10,148$6,206$3,724$715
39 years$24,106$15,389$9,507$5,722$3,377$615
40 years$23,242$14,642$8,911$5,278$3,063$529
41 years$22,422$13,938$8,356$4,869$2,779$455
42 years$21,643$13,274$7,838$4,494$2,521$391
43 years$20,903$12,647$7,355$4,148$2,288$337
44 years$20,198$12,055$6,904$3,830$2,077$290
45 years$19,527$11,496$6,483$3,537$1,886$249
46 years$18,886$10,967$6,089$3,268$1,712$215
47 years$18,275$10,465$5,720$3,019$1,555$185
48 years$17,691$9,991$5,375$2,790$1,412$159
49 years$17,132$9,541$5,053$2,578$1,282$137
50 years$16,598$9,114$4,750$2,383$1,165$118

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 $4,096 every year, while hoping to spend $23,818 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: 66/27/7 Blend
56$17,000,000$17,000,000$17,000,000$17,000,000
57$18,738,225$17,837,225$17,573,725$19,951,744
58$20,624,182$18,685,907$18,137,103$21,607,019
59$22,701,708$19,575,376$18,718,555$23,412,101
60$24,990,318$20,507,605$19,318,663$25,384,171
61$27,511,517$21,484,665$19,938,025$27,539,501
62$30,289,003$22,508,724$20,577,259$29,895,984
63$33,348,888$23,582,059$21,237,004$32,473,304
64$36,719,949$24,707,054$21,917,919$35,293,115
65$40,433,898$25,886,213$22,620,682$38,379,238
66$44,525,676$27,122,159$23,345,997$41,757,882
67$49,033,794$28,417,643$24,094,586$45,457,888
68$54,000,684$29,775,550$24,867,197$49,510,988
69$59,473,108$31,198,907$25,664,603$53,952,108
70$65,502,597$32,690,885$26,487,599$58,819,681
71$72,145,935$34,254,812$27,337,007$64,156,011
72$79,465,699$35,894,176$28,213,675$70,007,661
73$87,530,847$37,612,637$29,118,480$76,425,884
74$96,417,368$39,414,032$30,052,324$83,467,102
75$106,209,004$41,302,383$31,016,141$91,193,429
76$116,998,034$43,281,912$32,010,893$99,673,245
77$128,886,150$45,357,042$33,037,575$108,981,840
78$141,985,415$47,532,414$34,097,211$119,202,106
79$156,419,320$49,812,896$35,190,861$130,425,318
80$172,323,953$52,203,590$36,319,617$142,751,979
81$189,849,278$54,709,848$37,484,606$156,292,759
82$209,160,558$57,337,284$38,686,994$171,169,529
83$230,439,909$60,091,785$39,927,982$187,516,502
84$253,888,019$62,979,522$41,208,809$205,481,480
85$279,726,049$66,006,970$42,530,756$225,227,245
86$308,197,713$69,180,919$43,895,144$246,933,073
87$339,571,586$72,508,490$45,303,336$270,796,419
88$374,143,630$75,997,149$46,756,741$297,034,761
89$412,239,999$79,654,728$48,256,811$325,887,638
90$454,220,110$83,489,440$49,805,045$357,618,898
91$500,480,039$87,509,900$51,402,991$392,519,166
92$551,456,259$91,725,141$53,052,248$430,908,573
93$607,629,762$96,144,638$54,754,462$473,139,756
94$669,530,598$100,778,326$56,511,338$519,601,169
95$737,742,882$105,636,627$58,324,630$570,720,728
96$812,910,304$110,730,469$60,196,153$626,969,830
97$895,742,209$116,071,316$62,127,778$688,867,778
98$987,020,292$121,671,189$64,121,437$756,986,658
99$1,087,605,980$127,542,695$66,179,123$831,956,720
100$1,198,448,561$133,699,058$68,302,894$914,472,292