Can I retire at age 57 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,343,310
2 years$703,148$690,053$677,361$665,056$653,120$624,796
3 years$464,109$450,957$438,298$426,108$414,366$386,842
4 years$344,613$331,501$318,968$306,987$295,529$269,019
5 years$272,934$259,901$247,533$235,795$224,657$199,234
6 years$225,164$212,229$200,043$188,567$177,763$153,456
7 years$191,055$178,229$166,237$155,032$144,569$121,382
8 years$165,486$152,776$140,982$130,052$119,934$97,860
9 years$145,609$133,019$121,428$110,776$101,002$80,026
10 years$129,717$117,249$105,863$95,490$86,059$66,161
11 years$116,722$104,380$93,200$83,105$74,013$55,168
12 years$105,901$93,686$82,713$72,894$64,138$46,318
13 years$96,753$84,665$73,899$64,354$55,930$39,104
14 years$88,917$76,958$66,398$57,127$49,028$33,164
15 years$82,133$70,302$59,949$50,947$43,168$28,232
16 years$76,202$64,501$54,352$45,617$38,152$24,109
17 years$70,975$59,403$49,458$40,987$33,828$20,642
18 years$66,334$54,891$45,149$36,937$30,078$17,713
19 years$62,186$50,873$41,332$33,376$26,810$15,228
20 years$58,457$47,273$37,932$30,229$23,947$13,113
21 years$55,088$44,033$34,890$27,434$21,430$11,306
22 years$52,030$41,103$32,157$24,944$19,209$9,760
23 years$49,241$38,443$29,691$22,717$17,243$8,434
24 years$46,689$36,019$27,459$20,719$15,498$7,294
25 years$44,344$33,802$25,433$18,922$13,946$6,313
26 years$42,184$31,768$23,588$17,301$12,562$5,467
27 years$40,186$29,898$21,903$15,836$11,326$4,737
28 years$38,335$28,172$20,362$14,509$10,219$4,107
29 years$36,615$26,577$18,949$13,305$9,228$3,562
30 years$35,012$25,100$17,650$12,211$8,338$3,090
31 years$33,515$23,727$16,454$11,215$7,538$2,681
32 years$32,115$22,451$15,352$10,307$6,819$2,328
33 years$30,803$21,261$14,334$9,478$6,171$2,021
34 years$29,570$20,151$13,393$8,721$5,587$1,755
35 years$28,410$19,113$12,522$8,028$5,061$1,524
36 years$27,318$18,141$11,714$7,393$4,585$1,324
37 years$26,286$17,230$10,964$6,812$4,156$1,151
38 years$25,312$16,374$10,267$6,279$3,768$1,000
39 years$24,389$15,570$9,619$5,789$3,417$869
40 years$23,515$14,814$9,016$5,340$3,099$755
41 years$22,686$14,102$8,454$4,927$2,811$656
42 years$21,898$13,430$7,930$4,547$2,551$570
43 years$21,149$12,796$7,442$4,197$2,315$496
44 years$20,436$12,197$6,985$3,875$2,102$431
45 years$19,757$11,631$6,559$3,579$1,908$375
46 years$19,109$11,096$6,160$3,306$1,732$326
47 years$18,490$10,589$5,788$3,054$1,573$283
48 years$17,899$10,108$5,439$2,822$1,428$246
49 years$17,334$9,653$5,112$2,608$1,297$214
50 years$16,793$9,221$4,806$2,411$1,178$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,200,000, adding $2,712 every year, while hoping to spend $40,139 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: 61/19/20 Blend
56$17,200,000$17,200,000$17,200,000$17,200,000
57$18,957,197$18,045,597$17,778,997$20,014,775
58$20,848,124$18,887,124$18,331,886$21,571,461
59$22,930,580$19,768,540$18,901,952$23,264,942
60$25,224,058$20,691,758$19,489,726$25,112,272
61$27,750,040$21,658,782$20,095,760$27,128,405
62$30,532,196$22,671,714$20,720,620$29,329,787
63$33,596,609$23,732,757$21,364,889$31,734,512
64$36,972,021$24,844,220$22,029,171$34,362,487
65$40,690,104$26,008,524$22,714,085$37,235,613
66$44,785,760$27,228,207$23,420,273$40,377,990
67$49,297,450$28,505,931$24,148,394$43,816,138
68$54,267,553$29,844,485$24,899,128$47,579,244
69$59,742,772$31,246,794$25,673,178$51,699,430
70$65,774,571$32,715,923$26,471,266$56,212,051
71$72,419,662$34,255,088$27,294,138$61,156,025
72$79,740,539$35,867,659$28,142,563$66,574,193
73$87,806,068$37,557,168$29,017,333$72,513,717
74$96,692,140$39,327,322$29,919,266$79,026,519
75$106,482,381$41,182,004$30,849,204$86,169,762
76$117,268,947$43,125,285$31,808,016$94,006,388
77$129,153,392$45,161,437$32,796,597$102,605,699
78$142,247,625$47,294,935$33,815,871$112,044,005
79$156,674,969$49,530,472$34,866,788$122,405,339
80$172,571,321$51,872,971$35,950,331$133,782,239
81$190,086,440$54,327,590$37,067,511$146,276,612
82$209,385,356$56,899,741$38,219,371$160,000,688
83$230,649,929$59,595,095$39,406,987$175,078,072
84$254,080,567$62,419,600$40,631,467$191,644,896
85$279,898,117$65,379,493$41,893,953$209,851,098
86$308,345,950$68,481,313$43,195,625$229,861,822
87$339,692,255$71,731,915$44,537,697$251,858,970
88$374,232,577$75,138,491$45,921,422$276,042,904
89$412,292,600$78,708,577$47,348,090$302,634,326
90$454,231,227$82,450,080$48,819,033$331,876,348
91$500,443,965$86,371,286$50,335,623$364,036,774
92$551,366,658$90,480,888$51,899,275$399,410,611
93$607,479,604$94,787,999$53,511,448$438,322,845
94$669,312,088$99,302,175$55,173,646$481,131,485
95$737,447,376$104,033,437$56,887,418$528,230,934
96$812,528,226$108,992,292$58,654,364$580,055,692
97$895,262,950$114,189,760$60,476,130$637,084,437
98$986,432,108$119,637,395$62,354,417$699,844,530
99$1,086,895,867$125,347,312$64,290,975$768,916,973
100$1,197,602,132$131,332,217$66,287,609$844,941,869