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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,316,245
2 years$699,060$686,041$673,423$661,189$649,323$602,125
3 years$461,411$448,335$435,749$423,630$411,957$366,377
4 years$342,609$329,574$317,114$305,202$293,811$250,198
5 years$271,347$258,390$246,093$234,424$223,351$181,819
6 years$223,855$210,995$198,880$187,471$176,730$137,311
7 years$189,945$177,193$165,270$154,130$143,729$106,416
8 years$164,524$151,887$140,162$129,296$119,237$84,001
9 years$144,762$132,245$120,722$110,132$100,415$67,210
10 years$128,962$116,568$105,248$94,934$85,558$54,331
11 years$116,044$103,773$92,659$82,621$73,583$44,269
12 years$105,286$93,141$82,232$72,470$63,765$36,297
13 years$96,190$84,173$73,469$63,980$55,605$29,909
14 years$88,400$76,511$66,012$56,794$48,743$24,745
15 years$81,655$69,894$59,600$50,651$42,917$20,538
16 years$75,759$64,126$54,036$45,352$37,930$17,092
17 years$70,563$59,058$49,171$40,749$33,631$14,256
18 years$65,948$54,572$44,887$36,723$29,904$11,911
19 years$61,824$50,577$41,092$33,182$26,654$9,967
20 years$58,117$46,998$37,712$30,053$23,808$8,351
21 years$54,768$43,777$34,688$27,275$21,305$7,004
22 years$51,727$40,864$31,970$24,799$19,097$5,879
23 years$48,955$38,220$29,519$22,585$17,143$4,938
24 years$46,417$35,809$27,300$20,599$15,408$4,151
25 years$44,086$33,605$25,285$18,812$13,865$3,490
26 years$41,938$31,584$23,451$17,201$12,489$2,936
27 years$39,953$29,724$21,776$15,744$11,260$2,471
28 years$38,112$28,009$20,244$14,425$10,160$2,080
29 years$36,402$26,423$18,838$13,228$9,174$1,752
30 years$34,808$24,954$17,547$12,140$8,290$1,475
31 years$33,320$23,589$16,359$11,150$7,495$1,243
32 years$31,928$22,320$15,263$10,247$6,779$1,047
33 years$30,624$21,138$14,251$9,423$6,135$882
34 years$29,398$20,034$13,315$8,670$5,555$744
35 years$28,245$19,002$12,449$7,981$5,031$627
36 years$27,159$18,035$11,646$7,350$4,559$528
37 years$26,133$17,130$10,900$6,772$4,132$445
38 years$25,164$16,279$10,208$6,242$3,746$375
39 years$24,247$15,480$9,563$5,756$3,397$316
40 years$23,378$14,728$8,964$5,309$3,081$267
41 years$22,554$14,020$8,405$4,898$2,795$225
42 years$21,771$13,352$7,884$4,520$2,536$190
43 years$21,026$12,722$7,398$4,173$2,302$160
44 years$20,317$12,126$6,945$3,853$2,089$135
45 years$19,642$11,564$6,521$3,558$1,897$114
46 years$18,998$11,031$6,125$3,287$1,722$96
47 years$18,383$10,527$5,754$3,037$1,564$81
48 years$17,795$10,049$5,407$2,806$1,420$68
49 years$17,233$9,597$5,082$2,593$1,290$57
50 years$16,696$9,167$4,778$2,397$1,172$48

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 $6,875 every year, while hoping to spend $34,685 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: 50/26/24 Blend
56$17,100,000$17,100,000$17,100,000$17,100,000
57$18,851,292$17,944,992$17,679,942$19,666,202
58$20,737,219$18,787,392$18,235,315$21,076,017
59$22,814,348$19,669,907$18,808,131$22,603,377
60$25,102,145$20,594,466$19,398,937$24,262,748
61$27,622,061$21,563,092$20,008,299$26,066,639
62$30,397,732$22,577,904$20,636,798$28,028,798
63$33,455,206$23,641,127$21,285,035$30,164,333
64$36,823,185$24,755,089$21,953,632$32,489,847
65$40,533,297$25,922,236$22,643,226$35,023,594
66$44,620,396$27,145,129$23,354,477$37,785,640
67$49,122,890$28,426,453$24,088,065$40,798,048
68$54,083,101$29,769,026$24,844,691$44,085,082
69$59,547,668$31,175,799$25,625,079$47,673,423
70$65,567,986$32,649,869$26,429,976$51,592,420
71$72,200,690$34,194,482$27,260,149$55,874,355
72$79,508,190$35,813,041$28,116,394$60,554,741
73$87,559,260$37,509,115$28,999,528$65,672,650
74$96,429,689$39,286,446$29,910,396$71,271,069
75$106,202,992$41,148,956$30,849,869$77,397,304
76$116,971,202$43,100,760$31,818,844$84,103,409
77$128,835,738$45,146,171$32,818,249$91,446,672
78$141,908,361$47,289,711$33,849,038$99,490,144
79$156,312,230$49,536,123$34,912,197$108,303,223
80$172,183,064$51,890,379$36,008,742$117,962,299
81$189,670,423$54,357,694$37,139,722$128,551,463
82$208,939,120$56,943,536$38,306,216$140,163,285
83$230,170,777$59,653,636$39,509,342$152,899,680
84$253,565,540$62,494,007$40,750,248$166,872,852
85$279,343,964$65,470,952$42,030,120$182,206,343
86$307,749,102$68,591,083$43,350,183$199,036,179
87$339,048,793$71,861,329$44,711,697$217,512,145
88$373,538,196$75,288,959$46,115,964$237,799,177
89$411,542,569$78,881,596$47,564,327$260,078,906
90$453,420,349$82,647,232$49,058,170$284,551,353
91$499,566,526$86,594,248$50,598,920$311,436,799
92$550,416,378$90,731,432$52,188,050$340,977,843
93$606,449,578$95,068,002$53,827,079$373,441,676
94$668,194,722$99,613,621$55,517,573$409,122,581
95$736,234,321$104,378,426$57,261,149$448,344,683
96$811,210,296$109,373,043$59,059,472$491,464,997
97$893,830,044$114,608,620$60,914,261$538,876,762
98$984,873,108$120,096,842$62,827,290$591,013,135
99$1,085,198,546$125,849,968$64,800,385$648,351,255
100$1,195,753,033$131,880,852$66,835,433$711,416,711