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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,338,395
2 years$703,148$690,053$677,361$665,056$653,120$619,914
3 years$464,109$450,957$438,298$426,108$414,366$382,150
4 years$344,613$331,501$318,968$306,987$295,529$264,550
5 years$272,934$259,901$247,533$235,795$224,657$195,001
6 years$225,164$212,229$200,043$188,567$177,763$149,460
7 years$191,055$178,229$166,237$155,032$144,569$117,623
8 years$165,486$152,776$140,982$130,052$119,934$94,334
9 years$145,609$133,019$121,428$110,776$101,002$76,726
10 years$129,717$117,249$105,863$95,490$86,059$63,080
11 years$116,722$104,380$93,200$83,105$74,013$52,300
12 years$105,901$93,686$82,713$72,894$64,138$43,653
13 years$96,753$84,665$73,899$64,354$55,930$36,634
14 years$88,917$76,958$66,398$57,127$49,028$30,879
15 years$82,133$70,302$59,949$50,947$43,168$26,122
16 years$76,202$64,501$54,352$45,617$38,152$22,166
17 years$70,975$59,403$49,458$40,987$33,828$18,855
18 years$66,334$54,891$45,149$36,937$30,078$16,073
19 years$62,186$50,873$41,332$33,376$26,810$13,726
20 years$58,457$47,273$37,932$30,229$23,947$11,739
21 years$55,088$44,033$34,890$27,434$21,430$10,053
22 years$52,030$41,103$32,157$24,944$19,209$8,618
23 years$49,241$38,443$29,691$22,717$17,243$7,394
24 years$46,689$36,019$27,459$20,719$15,498$6,350
25 years$44,344$33,802$25,433$18,922$13,946$5,456
26 years$42,184$31,768$23,588$17,301$12,562$4,691
27 years$40,186$29,898$21,903$15,836$11,326$4,035
28 years$38,335$28,172$20,362$14,509$10,219$3,473
29 years$36,615$26,577$18,949$13,305$9,228$2,990
30 years$35,012$25,100$17,650$12,211$8,338$2,575
31 years$33,515$23,727$16,454$11,215$7,538$2,218
32 years$32,115$22,451$15,352$10,307$6,819$1,911
33 years$30,803$21,261$14,334$9,478$6,171$1,647
34 years$29,570$20,151$13,393$8,721$5,587$1,419
35 years$28,410$19,113$12,522$8,028$5,061$1,223
36 years$27,318$18,141$11,714$7,393$4,585$1,055
37 years$26,286$17,230$10,964$6,812$4,156$909
38 years$25,312$16,374$10,267$6,279$3,768$784
39 years$24,389$15,570$9,619$5,789$3,417$676
40 years$23,515$14,814$9,016$5,340$3,099$583
41 years$22,686$14,102$8,454$4,927$2,811$503
42 years$21,898$13,430$7,930$4,547$2,551$434
43 years$21,149$12,796$7,442$4,197$2,315$374
44 years$20,436$12,197$6,985$3,875$2,102$323
45 years$19,757$11,631$6,559$3,579$1,908$278
46 years$19,109$11,096$6,160$3,306$1,732$240
47 years$18,490$10,589$5,788$3,054$1,573$207
48 years$17,899$10,108$5,439$2,822$1,428$179
49 years$17,334$9,653$5,112$2,608$1,297$154
50 years$16,793$9,221$4,806$2,411$1,178$133

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 $2,829 every year, while hoping to spend $24,674 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: 75/18/7 Blend
56$17,200,000$17,200,000$17,200,000$17,200,000
57$18,957,318$18,045,718$17,779,118$20,361,590
58$20,864,712$18,903,705$18,348,466$22,143,803
59$22,965,832$19,802,907$18,936,059$24,092,748
60$25,280,414$20,745,317$19,542,484$26,227,643
61$27,830,204$21,733,024$20,168,345$28,566,898
62$30,639,164$22,768,222$20,814,264$31,130,778
63$33,733,702$23,853,208$21,480,885$33,941,590
64$37,142,917$24,990,393$22,168,872$37,023,887
65$40,898,877$26,182,304$22,878,911$40,404,699
66$45,036,916$27,431,591$23,611,709$44,113,783
67$49,595,976$28,741,033$24,367,995$48,183,901
68$54,618,967$30,113,545$25,148,524$52,651,124
69$60,153,174$31,552,182$25,954,073$57,555,166
70$66,250,708$33,060,149$26,785,445$62,939,760
71$72,968,991$34,640,807$27,643,468$68,853,059
72$80,371,301$36,297,679$28,528,997$75,348,091
73$88,527,370$38,034,461$29,442,914$82,483,250
74$97,514,041$39,855,029$30,386,131$90,322,846
75$107,415,994$41,763,447$31,359,587$98,937,702
76$118,326,545$43,763,976$32,364,254$108,405,818
77$130,348,528$45,861,085$33,401,131$118,813,102
78$143,595,261$48,059,462$34,471,253$130,254,173
79$158,191,624$50,364,022$35,575,686$142,833,249
80$174,275,230$52,779,919$36,715,531$156,665,120
81$191,997,727$55,312,559$37,891,926$171,876,227
82$211,526,232$57,967,611$39,106,042$188,605,846
83$233,044,903$60,751,020$40,359,089$207,007,396
84$256,756,683$63,669,019$41,652,319$227,249,875
85$282,885,213$66,728,149$42,987,019$249,519,450
86$311,676,941$69,935,266$44,364,522$274,021,205
87$343,403,456$73,297,560$45,786,199$300,981,061
88$378,364,042$76,822,574$47,253,471$330,647,907
89$416,888,511$80,518,217$48,767,799$363,295,930
90$459,340,313$84,392,783$50,330,694$399,227,197
91$506,119,968$88,454,973$51,943,715$438,774,494
92$557,668,846$92,713,908$53,608,471$482,304,452
93$614,473,336$97,179,157$55,326,623$530,221,000
94$677,069,436$101,860,755$57,099,884$582,969,156
95$746,047,812$106,769,226$58,930,023$641,039,224
96$822,059,377$111,915,606$60,818,867$704,971,399
97$905,821,434$117,311,472$62,768,300$775,360,854
98$998,124,449$122,968,963$64,780,267$852,863,343
99$1,099,839,513$128,900,811$66,856,776$938,201,370
100$1,211,926,563$135,120,371$68,999,898$1,032,170,997