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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,334,832
2 years$707,237$694,065$681,300$668,923$656,917$612,308
3 years$466,808$453,579$440,846$428,585$416,775$373,651
4 years$346,617$333,429$320,823$308,772$297,248$255,939
5 years$274,521$261,412$248,972$237,166$225,963$186,580
6 years$226,473$213,463$201,206$189,664$178,797$141,372
7 years$192,166$179,266$167,203$155,933$145,410$109,939
8 years$166,448$153,664$141,802$130,808$120,631$87,090
9 years$146,455$133,792$122,134$111,420$101,589$69,938
10 years$130,471$117,931$106,479$96,045$86,559$56,750
11 years$117,401$104,987$93,742$83,588$74,444$46,421
12 years$106,517$94,231$83,194$73,318$64,511$38,213
13 years$97,315$85,157$74,328$64,729$56,255$31,617
14 years$89,434$77,405$66,784$57,459$49,313$26,267
15 years$82,611$70,711$60,297$51,243$43,419$21,895
16 years$76,646$64,876$54,668$45,883$38,374$18,301
17 years$71,388$59,749$49,746$41,225$34,025$15,331
18 years$66,719$55,210$45,412$37,152$30,253$12,867
19 years$62,547$51,168$41,572$33,570$26,965$10,816
20 years$58,797$47,548$38,153$30,404$24,086$9,104
21 years$55,409$44,289$35,093$27,594$21,554$7,671
22 years$52,332$41,342$32,344$25,089$19,320$6,469
23 years$49,527$38,667$29,864$22,849$17,343$5,460
24 years$46,960$36,228$27,619$20,840$15,588$4,611
25 years$44,602$33,998$25,581$19,032$14,027$3,896
26 years$42,429$31,953$23,725$17,402$12,635$3,294
27 years$40,420$30,071$22,031$15,928$11,392$2,785
28 years$38,558$28,336$20,480$14,594$10,279$2,356
29 years$36,827$26,732$19,059$13,383$9,282$1,994
30 years$35,215$25,246$17,752$12,282$8,386$1,688
31 years$33,710$23,865$16,550$11,280$7,582$1,429
32 years$32,302$22,581$15,442$10,367$6,859$1,210
33 years$30,982$21,385$14,418$9,533$6,207$1,024
34 years$29,742$20,268$13,471$8,771$5,620$868
35 years$28,576$19,224$12,595$8,074$5,090$735
36 years$27,476$18,246$11,782$7,436$4,612$622
37 years$26,439$17,330$11,028$6,852$4,180$527
38 years$25,459$16,470$10,327$6,315$3,789$447
39 years$24,531$15,661$9,675$5,823$3,436$378
40 years$23,652$14,900$9,069$5,371$3,117$321
41 years$22,818$14,184$8,503$4,955$2,828$272
42 years$22,025$13,508$7,977$4,573$2,566$230
43 years$21,272$12,870$7,485$4,222$2,329$195
44 years$20,555$12,268$7,026$3,898$2,114$165
45 years$19,872$11,699$6,597$3,600$1,919$140
46 years$19,220$11,160$6,196$3,325$1,742$119
47 years$18,598$10,650$5,821$3,072$1,582$101
48 years$18,003$10,167$5,470$2,839$1,437$85
49 years$17,435$9,709$5,142$2,624$1,305$72
50 years$16,891$9,274$4,834$2,425$1,185$61

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 $3,698 every year, while hoping to spend $38,297 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: 66/9/25 Blend
56$17,300,000$17,300,000$17,300,000$17,300,000
57$19,068,414$18,151,514$17,883,364$20,202,832
58$20,972,645$19,000,191$18,441,709$21,815,773
59$23,069,824$19,889,169$19,017,475$23,573,888
60$25,379,590$20,820,383$19,611,206$25,495,254
61$27,923,588$21,795,861$20,223,460$27,595,950
62$30,725,664$22,817,728$20,854,816$29,893,670
63$33,812,099$23,888,214$21,505,870$32,407,893
64$37,211,851$25,009,655$22,177,235$35,160,060
65$40,956,833$26,184,501$22,869,545$38,173,776
66$45,082,207$27,415,319$23,583,452$41,475,029
67$49,626,725$28,704,802$24,319,630$45,092,429
68$54,633,086$30,055,773$25,078,774$49,057,481
69$60,148,347$31,471,192$25,861,598$53,404,872
70$66,224,358$32,954,160$26,668,842$58,172,800
71$72,918,260$34,507,932$27,501,266$63,403,327
72$80,293,020$36,135,917$28,359,655$69,142,776
73$88,418,023$37,841,692$29,244,819$75,442,158
74$97,369,733$39,629,007$30,157,592$82,357,658
75$107,232,409$41,501,791$31,098,834$89,951,151
76$118,098,904$43,464,168$32,069,434$98,290,791
77$130,071,537$45,520,458$33,070,305$107,451,641
78$143,263,066$47,675,192$34,102,392$117,516,383
79$157,797,743$49,933,121$35,166,667$128,576,089
80$173,812,496$52,299,227$36,264,134$140,731,078
81$191,458,214$54,778,733$37,395,826$154,091,856
82$210,901,176$57,377,115$38,562,810$168,780,154
83$232,324,619$60,100,116$39,766,186$184,930,069
84$255,930,465$62,953,757$41,007,089$202,689,327
85$281,941,233$65,944,351$42,286,687$222,220,667
86$310,602,133$69,078,519$43,606,186$243,703,374
87$342,183,387$72,363,203$44,966,829$267,334,959
88$376,982,774$75,805,681$46,369,899$293,333,024
89$415,328,443$79,413,585$47,816,717$321,937,301
90$457,582,014$83,194,921$49,308,646$353,411,910
91$504,141,986$87,158,078$50,847,093$388,047,844
92$555,447,503$91,311,859$52,433,505$426,165,707
93$611,982,498$95,665,490$54,069,378$468,118,730
94$674,280,263$100,228,649$55,756,252$514,296,098
95$742,928,479$105,011,482$57,495,716$565,126,614
96$818,574,770$110,024,631$59,289,408$621,082,735
97$901,932,812$115,279,253$61,139,018$682,685,022
98$993,789,071$120,787,049$63,046,288$750,507,043
99$1,095,010,231$126,560,288$65,013,013$825,180,776
100$1,206,551,371$132,611,839$67,041,046$907,402,565