Can I retire at age 57 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,335,902
2 years$707,237$694,065$681,300$668,923$656,917$613,362
3 years$466,808$453,579$440,846$428,585$416,775$374,655
4 years$346,617$333,429$320,823$308,772$297,248$256,886
5 years$274,521$261,412$248,972$237,166$225,963$187,468
6 years$226,473$213,463$201,206$189,664$178,797$142,201
7 years$192,166$179,266$167,203$155,933$145,410$110,710
8 years$166,448$153,664$141,802$130,808$120,631$87,804
9 years$146,455$133,792$122,134$111,420$101,589$70,598
10 years$130,471$117,931$106,479$96,045$86,559$57,357
11 years$117,401$104,987$93,742$83,588$74,444$46,978
12 years$106,517$94,231$83,194$73,318$64,511$38,723
13 years$97,315$85,157$74,328$64,729$56,255$32,083
14 years$89,434$77,405$66,784$57,459$49,313$26,691
15 years$82,611$70,711$60,297$51,243$43,419$22,280
16 years$76,646$64,876$54,668$45,883$38,374$18,649
17 years$71,388$59,749$49,746$41,225$34,025$15,646
18 years$66,719$55,210$45,412$37,152$30,253$13,151
19 years$62,547$51,168$41,572$33,570$26,965$11,071
20 years$58,797$47,548$38,153$30,404$24,086$9,333
21 years$55,409$44,289$35,093$27,594$21,554$7,876
22 years$52,332$41,342$32,344$25,089$19,320$6,652
23 years$49,527$38,667$29,864$22,849$17,343$5,623
24 years$46,960$36,228$27,619$20,840$15,588$4,757
25 years$44,602$33,998$25,581$19,032$14,027$4,026
26 years$42,429$31,953$23,725$17,402$12,635$3,409
27 years$40,420$30,071$22,031$15,928$11,392$2,887
28 years$38,558$28,336$20,480$14,594$10,279$2,447
29 years$36,827$26,732$19,059$13,383$9,282$2,074
30 years$35,215$25,246$17,752$12,282$8,386$1,758
31 years$33,710$23,865$16,550$11,280$7,582$1,491
32 years$32,302$22,581$15,442$10,367$6,859$1,264
33 years$30,982$21,385$14,418$9,533$6,207$1,072
34 years$29,742$20,268$13,471$8,771$5,620$910
35 years$28,576$19,224$12,595$8,074$5,090$772
36 years$27,476$18,246$11,782$7,436$4,612$655
37 years$26,439$17,330$11,028$6,852$4,180$556
38 years$25,459$16,470$10,327$6,315$3,789$472
39 years$24,531$15,661$9,675$5,823$3,436$400
40 years$23,652$14,900$9,069$5,371$3,117$340
41 years$22,818$14,184$8,503$4,955$2,828$288
42 years$22,025$13,508$7,977$4,573$2,566$245
43 years$21,272$12,870$7,485$4,222$2,329$208
44 years$20,555$12,268$7,026$3,898$2,114$176
45 years$19,872$11,699$6,597$3,600$1,919$150
46 years$19,220$11,160$6,196$3,325$1,742$127
47 years$18,598$10,650$5,821$3,072$1,582$108
48 years$18,003$10,167$5,470$2,839$1,437$91
49 years$17,435$9,709$5,142$2,624$1,305$78
50 years$16,891$9,274$4,834$2,425$1,185$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,300,000, adding $4,643 every year, while hoping to spend $57,120 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: 59/27/14 Blend
56$17,300,000$17,300,000$17,300,000$17,300,000
57$19,069,389$18,152,489$17,884,339$20,127,176
58$20,953,692$18,981,186$18,422,689$21,670,038
59$23,028,279$19,848,574$18,977,160$23,344,939
60$25,312,499$20,756,490$19,548,230$25,170,025
61$27,827,672$21,706,857$20,136,395$27,159,773
62$30,597,292$22,701,691$20,742,162$29,330,104
63$33,647,247$23,743,104$21,366,054$31,698,523
64$37,006,060$24,833,311$22,008,612$34,284,282
65$40,705,167$25,974,632$22,670,389$37,108,557
66$44,779,205$27,169,499$23,351,957$40,194,638
67$49,266,340$28,420,461$24,053,905$43,568,151
68$54,208,633$29,730,189$24,776,836$47,257,283
69$59,652,429$31,101,484$25,521,376$51,293,054
70$65,648,799$32,537,279$26,288,164$55,709,591
71$72,254,022$34,040,651$27,077,863$60,544,453
72$79,530,112$35,614,823$27,891,151$65,838,972
73$87,545,408$37,263,173$28,728,729$71,638,640
74$96,375,215$38,989,245$29,591,318$77,993,525
75$106,102,519$40,796,750$30,479,659$84,958,743
76$116,818,764$42,689,579$31,394,515$92,594,961
77$128,624,720$44,671,811$32,336,674$100,968,967
78$141,631,433$46,747,721$33,306,944$110,154,290
79$155,961,271$48,921,791$34,306,159$120,231,880
80$171,749,081$51,198,718$35,335,175$131,290,867
81$189,143,459$53,583,428$36,394,875$143,429,390
82$208,308,157$56,081,081$37,486,169$156,755,508
83$229,423,625$58,697,089$38,609,991$171,388,215
84$252,688,713$61,437,125$39,767,304$187,458,547
85$278,322,552$64,307,135$40,959,099$205,110,805
86$306,566,621$67,313,352$42,186,397$224,503,907
87$337,687,021$70,462,312$43,450,247$245,812,872
88$371,976,997$73,760,865$44,751,730$269,230,457
89$409,759,696$77,216,193$46,091,958$294,968,962
90$451,391,224$80,835,825$47,472,077$323,262,217
91$497,264,002$84,627,654$48,893,266$354,367,775
92$547,810,477$88,599,955$50,356,736$388,569,322
93$603,507,196$92,761,404$51,863,738$426,179,339
94$664,879,313$97,121,095$53,415,555$467,542,033
95$732,505,538$101,688,564$55,013,512$513,036,561
96$807,023,607$106,473,808$56,658,969$563,080,596
97$889,136,299$111,487,308$58,353,328$618,134,242
98$979,618,067$116,740,053$60,098,030$678,704,355
99$1,079,322,357$122,243,562$61,894,561$745,349,307
100$1,189,189,657$128,009,916$63,744,448$818,684,225