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%11.3%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,356,122
2 years$699,060$686,041$673,423$661,189$649,323$641,799
3 years$461,411$448,335$435,749$423,630$411,957$404,599
4 years$342,609$329,574$317,114$305,202$293,811$286,675
5 years$271,347$258,390$246,093$234,424$223,351$216,458
6 years$223,855$210,995$198,880$187,471$176,730$170,089
7 years$189,945$177,193$165,270$154,130$143,729$137,343
8 years$164,524$151,887$140,162$129,296$119,237$113,107
9 years$144,762$132,245$120,722$110,132$100,415$94,539
10 years$128,962$116,568$105,248$94,934$85,558$79,934
11 years$116,044$103,773$92,659$82,621$73,583$68,206
12 years$105,286$93,141$82,232$72,470$63,765$58,632
13 years$96,190$84,173$73,469$63,980$55,605$50,709
14 years$88,400$76,511$66,012$56,794$48,743$44,080
15 years$81,655$69,894$59,600$50,651$42,917$38,481
16 years$75,759$64,126$54,036$45,352$37,930$33,715
17 years$70,563$59,058$49,171$40,749$33,631$29,630
18 years$65,948$54,572$44,887$36,723$29,904$26,109
19 years$61,824$50,577$41,092$33,182$26,654$23,059
20 years$58,117$46,998$37,712$30,053$23,808$20,406
21 years$54,768$43,777$34,688$27,275$21,305$18,090
22 years$51,727$40,864$31,970$24,799$19,097$16,061
23 years$48,955$38,220$29,519$22,585$17,143$14,278
24 years$46,417$35,809$27,300$20,599$15,408$12,708
25 years$44,086$33,605$25,285$18,812$13,865$11,323
26 years$41,938$31,584$23,451$17,201$12,489$10,098
27 years$39,953$29,724$21,776$15,744$11,260$9,012
28 years$38,112$28,009$20,244$14,425$10,160$8,049
29 years$36,402$26,423$18,838$13,228$9,174$7,193
30 years$34,808$24,954$17,547$12,140$8,290$6,433
31 years$33,320$23,589$16,359$11,150$7,495$5,755
32 years$31,928$22,320$15,263$10,247$6,779$5,151
33 years$30,624$21,138$14,251$9,423$6,135$4,612
34 years$29,398$20,034$13,315$8,670$5,555$4,131
35 years$28,245$19,002$12,449$7,981$5,031$3,702
36 years$27,159$18,035$11,646$7,350$4,559$3,318
37 years$26,133$17,130$10,900$6,772$4,132$2,974
38 years$25,164$16,279$10,208$6,242$3,746$2,667
39 years$24,247$15,480$9,563$5,756$3,397$2,392
40 years$23,378$14,728$8,964$5,309$3,081$2,146
41 years$22,554$14,020$8,405$4,898$2,795$1,925
42 years$21,771$13,352$7,884$4,520$2,536$1,728
43 years$21,026$12,722$7,398$4,173$2,302$1,550
44 years$20,317$12,126$6,945$3,853$2,089$1,392
45 years$19,642$11,564$6,521$3,558$1,897$1,249
46 years$18,998$11,031$6,125$3,287$1,722$1,121
47 years$18,383$10,527$5,754$3,037$1,564$1,007
48 years$17,795$10,049$5,407$2,806$1,420$904
49 years$17,233$9,597$5,082$2,593$1,290$812
50 years$16,696$9,167$4,778$2,397$1,172$729

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 $4,006 every year, while hoping to spend $49,615 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: 54/37/9 Blend
56$17,100,000$17,100,000$17,100,000$17,100,000
57$18,848,332$17,942,032$17,676,982$19,824,016
58$20,718,072$18,768,402$18,216,371$21,311,910
59$22,776,863$19,633,601$18,772,167$22,924,689
60$25,043,934$20,539,479$19,344,866$24,678,777
61$27,540,478$21,487,976$19,934,982$26,587,585
62$30,289,845$22,481,124$20,543,041$28,665,846
63$33,317,764$23,521,054$21,169,588$30,929,750
64$36,652,589$24,609,999$21,815,183$33,397,088
65$40,325,563$25,750,300$22,480,401$36,087,414
66$44,371,115$26,944,408$23,165,839$39,022,224
67$48,827,182$28,194,897$23,872,108$42,225,148
68$53,735,569$29,504,462$24,599,838$45,722,170
69$59,142,344$30,875,928$25,349,680$49,541,860
70$65,098,271$32,312,257$26,122,302$53,715,640
71$71,659,291$33,816,553$26,918,395$58,278,066
72$78,887,045$35,392,071$27,738,668$63,267,151
73$86,849,464$37,042,222$28,583,853$68,724,711
74$95,621,401$38,770,583$29,454,704$74,696,748
75$105,285,345$40,580,902$30,351,998$81,233,877
76$115,932,193$42,477,110$31,276,533$88,391,789
77$127,662,114$44,463,325$32,229,134$96,231,768
78$140,585,489$46,543,868$33,210,650$104,821,255
79$154,823,957$48,723,265$34,221,954$114,234,474
80$170,511,559$51,006,263$35,263,948$124,553,116
81$187,796,006$53,397,838$36,337,558$135,867,100
82$206,840,073$55,903,207$37,443,741$148,275,403
83$227,823,135$58,527,839$38,583,480$161,886,981
84$250,942,858$61,277,466$39,757,791$176,821,782
85$276,417,069$64,158,101$40,967,716$193,211,862
86$304,485,807$67,176,045$42,214,331$211,202,608
87$335,413,594$70,337,906$43,498,746$230,954,100
88$369,491,927$73,650,610$44,822,101$252,642,598
89$407,042,034$77,121,421$46,185,572$276,462,186
90$448,417,903$80,757,952$47,590,370$302,626,584
91$494,009,624$84,568,187$49,037,742$331,371,141
92$544,247,074$88,560,495$50,528,974$362,955,037
93$599,603,970$92,743,654$52,065,389$397,663,701
94$660,602,345$97,126,864$53,648,351$435,811,484
95$727,817,477$101,719,772$55,279,262$477,744,597
96$801,883,313$106,532,494$56,959,571$523,844,349
97$883,498,460$111,575,636$58,690,766$574,530,725
98$973,432,779$116,860,318$60,474,383$630,266,311
99$1,072,534,648$122,398,200$62,312,001$691,560,634
100$1,181,738,978$128,201,507$64,205,248$758,974,936