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%13.5%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,359,472
2 years$707,237$694,065$681,300$668,923$656,917$636,755
3 years$466,808$453,579$440,846$428,585$416,775$397,132
4 years$346,617$333,429$320,823$308,772$297,248$278,275
5 years$274,521$261,412$248,972$237,166$225,963$207,715
6 years$226,473$213,463$201,206$189,664$178,797$161,296
7 years$192,166$179,266$167,203$155,933$145,410$128,661
8 years$166,448$153,664$141,802$130,808$120,631$104,633
9 years$146,455$133,792$122,134$111,420$101,589$86,334
10 years$130,471$117,931$106,479$96,045$86,559$72,034
11 years$117,401$104,987$93,742$83,588$74,444$60,636
12 years$106,517$94,231$83,194$73,318$64,511$51,403
13 years$97,315$85,157$74,328$64,729$56,255$43,829
14 years$89,434$77,405$66,784$57,459$49,313$37,549
15 years$82,611$70,711$60,297$51,243$43,419$32,297
16 years$76,646$64,876$54,668$45,883$38,374$27,872
17 years$71,388$59,749$49,746$41,225$34,025$24,121
18 years$66,719$55,210$45,412$37,152$30,253$20,925
19 years$62,547$51,168$41,572$33,570$26,965$18,190
20 years$58,797$47,548$38,153$30,404$24,086$15,839
21 years$55,409$44,289$35,093$27,594$21,554$13,814
22 years$52,332$41,342$32,344$25,089$19,320$12,063
23 years$49,527$38,667$29,864$22,849$17,343$10,545
24 years$46,960$36,228$27,619$20,840$15,588$9,228
25 years$44,602$33,998$25,581$19,032$14,027$8,082
26 years$42,429$31,953$23,725$17,402$12,635$7,084
27 years$40,420$30,071$22,031$15,928$11,392$6,213
28 years$38,558$28,336$20,480$14,594$10,279$5,452
29 years$36,827$26,732$19,059$13,383$9,282$4,786
30 years$35,215$25,246$17,752$12,282$8,386$4,204
31 years$33,710$23,865$16,550$11,280$7,582$3,694
32 years$32,302$22,581$15,442$10,367$6,859$3,247
33 years$30,982$21,385$14,418$9,533$6,207$2,855
34 years$29,742$20,268$13,471$8,771$5,620$2,510
35 years$28,576$19,224$12,595$8,074$5,090$2,208
36 years$27,476$18,246$11,782$7,436$4,612$1,943
37 years$26,439$17,330$11,028$6,852$4,180$1,710
38 years$25,459$16,470$10,327$6,315$3,789$1,505
39 years$24,531$15,661$9,675$5,823$3,436$1,324
40 years$23,652$14,900$9,069$5,371$3,117$1,166
41 years$22,818$14,184$8,503$4,955$2,828$1,026
42 years$22,025$13,508$7,977$4,573$2,566$904
43 years$21,272$12,870$7,485$4,222$2,329$796
44 years$20,555$12,268$7,026$3,898$2,114$701
45 years$19,872$11,699$6,597$3,600$1,919$617
46 years$19,220$11,160$6,196$3,325$1,742$543
47 years$18,598$10,650$5,821$3,072$1,582$479
48 years$18,003$10,167$5,470$2,839$1,437$422
49 years$17,435$9,709$5,142$2,624$1,305$371
50 years$16,891$9,274$4,834$2,425$1,185$327

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 $6,506 every year, while hoping to spend $31,089 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: 44/37/19 Blend
56$17,300,000$17,300,000$17,300,000$17,300,000
57$19,071,311$18,154,411$17,886,261$19,805,339
58$20,983,506$19,010,899$18,452,372$21,178,877
59$23,089,703$19,908,312$19,036,406$22,663,200
60$25,409,658$20,848,624$19,638,931$24,271,452
61$27,965,139$21,833,903$20,260,531$26,015,107
62$30,780,136$22,866,317$20,901,811$27,906,758
63$33,881,083$23,948,139$21,563,395$29,960,227
64$37,297,109$25,081,754$22,245,925$32,190,689
65$41,060,316$26,269,661$22,950,065$34,614,810
66$45,206,074$27,514,481$23,676,498$37,250,894
67$49,773,365$28,818,962$24,425,932$40,119,045
68$54,805,142$30,185,985$25,199,094$43,241,353
69$60,348,739$31,618,571$25,996,737$46,642,090
70$66,456,318$33,119,888$26,819,635$50,347,929
71$73,185,358$34,693,258$27,668,588$54,388,187
72$80,599,200$36,342,164$28,544,422$58,795,092
73$88,767,646$38,070,257$29,447,987$63,604,074
74$97,767,615$39,881,368$30,380,163$68,854,086
75$107,683,868$41,779,512$31,341,856$74,587,968
76$118,609,814$43,768,900$32,333,999$80,852,826
77$130,648,386$45,853,947$33,357,559$87,700,476
78$143,913,014$48,039,282$34,413,529$95,187,908
79$158,528,696$50,329,762$35,502,937$103,377,820
80$174,633,179$52,730,476$36,626,842$112,339,186
81$192,378,258$55,246,764$37,786,336$122,147,893
82$211,931,209$57,884,224$38,982,547$132,887,447
83$233,476,367$60,648,726$40,216,637$144,649,734
84$257,216,869$63,546,426$41,489,807$157,535,875
85$283,376,568$66,583,780$42,803,294$171,657,163
86$312,202,149$69,767,556$44,158,376$187,136,088
87$343,965,457$73,104,855$45,556,369$204,107,476
88$378,966,060$76,603,120$46,998,635$222,719,738
89$417,534,083$80,270,158$48,486,574$243,136,251
90$460,033,320$84,114,155$50,021,634$265,536,872
91$506,864,667$88,143,698$51,605,308$290,119,615
92$558,469,912$92,367,788$53,239,134$317,102,490
93$615,335,901$96,795,868$54,924,704$346,725,536
94$677,999,136$101,437,838$56,663,654$379,253,057
95$747,050,839$106,304,083$58,457,677$414,976,086
96$823,142,532$111,405,491$60,308,517$454,215,104
97$906,992,193$116,753,482$62,217,975$497,323,028
98$999,391,026$122,360,032$64,187,906$544,688,512
99$1,101,210,937$128,237,700$66,220,228$596,739,577
100$1,213,412,763$134,399,658$68,316,916$653,947,613