Can I retire at age 57 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,323,642
2 years$699,060$686,041$673,423$661,189$649,323$609,412
3 years$461,411$448,335$435,749$423,630$411,957$373,321
4 years$342,609$329,574$317,114$305,202$293,811$256,747
5 years$271,347$258,390$246,093$234,424$223,351$187,960
6 years$223,855$210,995$198,880$187,471$176,730$143,044
7 years$189,945$177,193$165,270$154,130$143,729$111,747
8 years$164,524$151,887$140,162$129,296$119,237$88,940
9 years$144,762$132,245$120,722$110,132$100,415$71,773
10 years$128,962$116,568$105,248$94,934$85,558$58,532
11 years$116,044$103,773$92,659$82,621$73,583$48,126
12 years$105,286$93,141$82,232$72,470$63,765$39,827
13 years$96,190$84,173$73,469$63,980$55,605$33,132
14 years$88,400$76,511$66,012$56,794$48,743$27,678
15 years$81,655$69,894$59,600$50,651$42,917$23,202
16 years$75,759$64,126$54,036$45,352$37,930$19,506
17 years$70,563$59,058$49,171$40,749$33,631$16,436
18 years$65,948$54,572$44,887$36,723$29,904$13,877
19 years$61,824$50,577$41,092$33,182$26,654$11,736
20 years$58,117$46,998$37,712$30,053$23,808$9,938
21 years$54,768$43,777$34,688$27,275$21,305$8,426
22 years$51,727$40,864$31,970$24,799$19,097$7,150
23 years$48,955$38,220$29,519$22,585$17,143$6,073
24 years$46,417$35,809$27,300$20,599$15,408$5,161
25 years$44,086$33,605$25,285$18,812$13,865$4,389
26 years$41,938$31,584$23,451$17,201$12,489$3,735
27 years$39,953$29,724$21,776$15,744$11,260$3,179
28 years$38,112$28,009$20,244$14,425$10,160$2,707
29 years$36,402$26,423$18,838$13,228$9,174$2,306
30 years$34,808$24,954$17,547$12,140$8,290$1,964
31 years$33,320$23,589$16,359$11,150$7,495$1,674
32 years$31,928$22,320$15,263$10,247$6,779$1,427
33 years$30,624$21,138$14,251$9,423$6,135$1,216
34 years$29,398$20,034$13,315$8,670$5,555$1,037
35 years$28,245$19,002$12,449$7,981$5,031$884
36 years$27,159$18,035$11,646$7,350$4,559$754
37 years$26,133$17,130$10,900$6,772$4,132$643
38 years$25,164$16,279$10,208$6,242$3,746$548
39 years$24,247$15,480$9,563$5,756$3,397$468
40 years$23,378$14,728$8,964$5,309$3,081$399
41 years$22,554$14,020$8,405$4,898$2,795$340
42 years$21,771$13,352$7,884$4,520$2,536$290
43 years$21,026$12,722$7,398$4,173$2,302$248
44 years$20,317$12,126$6,945$3,853$2,089$211
45 years$19,642$11,564$6,521$3,558$1,897$180
46 years$18,998$11,031$6,125$3,287$1,722$154
47 years$18,383$10,527$5,754$3,037$1,564$131
48 years$17,795$10,049$5,407$2,806$1,420$112
49 years$17,233$9,597$5,082$2,593$1,290$96
50 years$16,696$9,167$4,778$2,397$1,172$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,100,000, adding $6,547 every year, while hoping to spend $44,396 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: 30/42/28 Blend
56$17,100,000$17,100,000$17,100,000$17,100,000
57$18,850,953$17,944,653$17,679,603$19,253,895
58$20,726,513$18,776,704$18,224,633$20,401,531
59$22,791,893$19,648,038$18,786,433$21,630,901
60$25,066,406$20,560,532$19,365,519$22,952,551
61$27,571,337$21,516,155$19,962,421$24,374,536
62$30,330,137$22,516,970$20,577,686$25,905,679
63$33,368,650$23,565,141$21,211,878$27,555,640
64$36,715,355$24,662,935$21,865,578$29,334,999
65$40,401,630$25,812,729$22,539,384$31,255,352
66$44,462,057$27,017,013$23,233,914$33,329,408
67$48,934,741$28,278,401$23,949,804$35,571,099
68$53,861,672$29,599,629$24,687,710$37,995,704
69$59,289,120$30,983,569$25,448,306$40,619,978
70$65,268,075$32,433,229$26,232,289$43,462,308
71$71,854,725$33,951,763$27,040,377$46,542,865
72$79,110,986$35,542,479$27,873,308$49,883,791
73$87,105,089$37,208,842$28,731,846$53,509,391
74$95,912,221$38,954,488$29,616,776$57,446,350
75$105,615,236$40,783,227$30,528,907$61,723,973
76$116,305,438$42,699,053$31,469,073$66,374,446
77$128,083,440$44,706,154$32,438,134$71,433,127
78$141,060,116$46,808,921$33,436,977$76,938,860
79$155,357,646$49,011,956$34,466,514$82,934,332
80$171,110,670$51,320,086$35,527,687$89,466,453
81$188,467,559$53,738,371$36,621,465$96,586,784
82$207,591,814$56,272,115$37,748,848$104,352,006
83$228,663,611$58,926,881$38,910,866$112,824,433
84$251,881,500$61,708,499$40,108,581$122,072,582
85$277,464,281$64,623,083$41,343,086$132,171,801
86$305,653,068$67,677,045$42,615,510$143,204,950
87$336,713,566$70,877,104$43,927,014$155,263,171
88$370,938,576$74,230,310$45,278,796$168,446,715
89$408,650,765$77,744,049$46,672,090$182,865,867
90$450,205,706$81,426,069$48,108,167$198,641,963
91$495,995,236$85,284,495$49,588,339$215,908,502
92$546,451,157$89,327,843$51,113,956$234,812,381
93$602,049,311$93,565,043$52,686,409$255,515,252
94$663,314,071$98,005,461$54,307,134$278,195,013
95$730,823,293$102,658,914$55,977,609$303,047,458
96$805,213,767$107,535,699$57,699,358$330,288,086
97$887,187,234$112,646,611$59,473,949$360,154,104
98$977,517,007$118,002,971$61,303,002$392,906,625
99$1,077,055,273$123,616,647$63,188,183$428,833,094
100$1,186,741,134$129,500,087$65,131,211$468,249,961