Can I retire at age 57 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,332,976
2 years$711,325$698,077$685,238$672,789$660,714$606,449
3 years$469,506$456,201$443,394$431,063$419,184$366,887
4 years$348,620$335,356$322,677$310,556$298,966$249,034
5 years$276,108$262,923$250,411$238,537$227,269$179,831
6 years$227,782$214,697$202,369$190,760$179,830$134,916
7 years$193,277$180,302$168,170$156,834$146,250$103,844
8 years$167,410$154,552$142,621$131,564$121,329$81,389
9 years$147,302$134,565$122,840$112,064$102,176$64,643
10 years$131,225$118,613$107,094$96,600$87,059$51,860
11 years$118,079$105,594$94,284$84,071$74,874$41,927
12 years$107,133$94,775$83,675$73,741$64,884$34,102
13 years$97,878$85,649$74,758$65,103$56,580$27,871
14 years$89,951$77,853$67,170$57,791$49,598$22,865
15 years$83,088$71,120$60,646$51,539$43,670$18,817
16 years$77,089$65,251$54,984$46,148$38,596$15,524
17 years$71,800$60,094$50,034$41,463$34,221$12,833
18 years$67,105$55,529$45,674$37,367$30,428$10,627
19 years$62,909$51,464$41,813$33,764$27,121$8,812
20 years$59,137$47,823$38,373$30,580$24,225$7,315
21 years$55,729$44,545$35,296$27,753$21,679$6,078
22 years$52,635$41,581$32,531$25,234$19,432$5,054
23 years$49,814$38,890$30,036$22,981$17,443$4,206
24 years$47,232$36,438$27,779$20,960$15,678$3,501
25 years$44,860$34,195$25,729$19,142$14,108$2,916
26 years$42,674$32,138$23,862$17,502$12,708$2,430
27 years$40,654$30,245$22,158$16,020$11,457$2,025
28 years$38,781$28,500$20,599$14,678$10,338$1,688
29 years$37,040$26,886$19,169$13,460$9,335$1,408
30 years$35,419$25,391$17,855$12,353$8,435$1,174
31 years$33,905$24,003$16,646$11,345$7,626$979
32 years$32,489$22,712$15,531$10,427$6,898$817
33 years$31,161$21,509$14,501$9,588$6,243$682
34 years$29,914$20,385$13,549$8,822$5,652$569
35 years$28,741$19,335$12,667$8,121$5,119$475
36 years$27,635$18,352$11,850$7,479$4,639$396
37 years$26,592$17,430$11,091$6,891$4,204$330
38 years$25,606$16,565$10,387$6,352$3,811$276
39 years$24,673$15,751$9,731$5,857$3,456$230
40 years$23,789$14,986$9,121$5,402$3,135$192
41 years$22,950$14,266$8,553$4,984$2,844$160
42 years$22,153$13,586$8,023$4,600$2,581$134
43 years$21,395$12,945$7,528$4,246$2,342$112
44 years$20,674$12,339$7,066$3,920$2,126$93
45 years$19,986$11,766$6,635$3,621$1,930$78
46 years$19,331$11,225$6,232$3,344$1,752$65
47 years$18,705$10,712$5,855$3,090$1,591$54
48 years$18,107$10,226$5,502$2,855$1,445$45
49 years$17,536$9,765$5,171$2,639$1,312$38
50 years$16,988$9,328$4,862$2,439$1,192$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,400,000, adding $6,710 every year, while hoping to spend $52,209 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: 49/24/27 Blend
56$17,400,000$17,400,000$17,400,000$17,400,000
57$19,181,721$18,259,521$17,989,821$19,974,243
58$21,082,707$19,098,688$18,536,930$21,369,096
59$23,175,843$19,977,224$19,100,618$22,877,946
60$25,480,675$20,897,003$19,681,384$24,516,260
61$28,018,737$21,859,990$20,279,744$26,296,305
62$30,813,761$22,868,242$20,896,228$28,231,563
63$33,891,897$23,923,918$21,531,384$30,336,849
64$37,281,959$25,029,279$22,185,774$32,628,449
65$41,015,700$26,186,695$22,859,978$35,124,268
66$45,128,108$27,398,650$23,554,594$37,843,991
67$49,657,739$28,667,748$24,270,238$40,809,265
68$54,647,080$29,996,718$25,007,542$44,043,895
69$60,142,947$31,388,423$25,767,159$47,574,066
70$66,196,932$32,845,859$26,549,763$51,428,576
71$72,865,884$34,372,171$27,356,045$55,639,110
72$80,212,450$35,970,654$28,186,719$60,240,524
73$88,305,665$37,644,761$29,042,519$65,271,169
74$97,221,601$39,398,113$29,924,202$70,773,247
75$107,044,089$41,234,505$30,832,547$76,793,197
76$117,865,506$43,157,916$31,768,358$83,382,126
77$129,787,650$45,172,516$32,732,460$90,596,285
78$142,922,698$47,282,676$33,725,705$98,497,586
79$157,394,267$49,492,981$34,748,970$107,154,177
80$173,338,580$51,808,235$35,803,158$116,641,079
81$190,905,751$54,233,474$36,889,199$127,040,878
82$210,261,202$56,773,980$38,008,052$138,444,495
83$231,587,226$59,435,286$39,160,703$150,952,034
84$255,084,705$62,223,197$40,348,169$164,673,712
85$280,975,007$65,143,796$41,571,495$179,730,889
86$309,502,078$68,203,462$42,831,760$196,257,195
87$340,934,740$71,408,882$44,130,074$214,399,783
88$375,569,232$74,767,065$45,467,580$234,320,701
89$413,732,006$78,285,364$46,845,456$256,198,406
90$455,782,806$81,971,482$48,264,914$280,229,431
91$502,118,066$85,833,499$49,727,203$306,630,225
92$553,174,654$89,879,886$51,233,610$335,639,179
93$609,433,991$94,119,522$52,785,458$367,518,858
94$671,426,600$98,561,720$54,384,112$402,558,458
95$739,737,110$103,216,241$56,030,977$441,076,517
96$815,009,779$108,093,322$57,727,499$483,423,903
97$897,954,575$113,203,693$59,475,169$529,987,102
98$989,353,875$118,558,606$61,275,519$581,191,843
99$1,090,069,853$124,169,861$63,130,132$637,507,095
100$1,201,052,619$130,049,826$65,040,634$699,449,467