Can I retire at age 57 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,361,797
2 years$719,501$706,101$693,114$680,522$668,309$626,690
3 years$474,902$461,445$448,491$436,017$424,003$383,721
4 years$352,627$339,211$326,386$314,126$302,402$263,766
5 years$279,281$265,945$253,289$241,279$229,881$192,996
6 years$230,400$217,164$204,695$192,953$181,897$146,796
7 years$195,499$182,374$170,103$158,637$147,931$114,613
8 years$169,334$156,328$144,261$133,077$122,723$91,168
9 years$148,995$136,112$124,252$113,352$103,351$73,526
10 years$132,733$119,976$108,325$97,710$88,060$59,924
11 years$119,437$106,808$95,368$85,037$75,735$49,239
12 years$108,364$95,865$84,637$74,589$65,630$40,722
13 years$99,003$86,634$75,617$65,851$57,231$33,853
14 years$90,985$78,748$67,942$58,455$50,168$28,261
15 years$84,043$71,937$61,343$52,132$44,172$23,674
16 years$77,975$66,001$55,616$46,678$39,039$19,888
17 years$72,626$60,785$50,609$41,940$34,615$16,746
18 years$67,876$56,168$46,199$37,796$30,778$14,128
19 years$63,632$52,056$42,293$34,152$27,433$11,939
20 years$59,817$48,373$38,815$30,932$24,504$10,103
21 years$56,369$45,057$35,702$28,072$21,928$8,558
22 years$53,240$42,059$32,905$25,524$19,655$7,257
23 years$50,386$39,337$30,382$23,245$17,644$6,159
24 years$47,775$36,856$28,098$21,201$15,859$5,230
25 years$45,376$34,588$26,024$19,362$14,270$4,445
26 years$43,165$32,507$24,136$17,704$12,854$3,779
27 years$41,121$30,593$22,413$16,205$11,589$3,214
28 years$39,227$28,828$20,835$14,847$10,457$2,734
29 years$37,466$27,196$19,389$13,615$9,443$2,327
30 years$35,826$25,683$18,060$12,495$8,532$1,981
31 years$34,295$24,279$16,837$11,476$7,714$1,687
32 years$32,862$22,973$15,709$10,547$6,978$1,436
33 years$31,519$21,756$14,668$9,698$6,315$1,223
34 years$30,258$20,620$13,705$8,923$5,717$1,042
35 years$29,071$19,557$12,813$8,214$5,178$888
36 years$27,953$18,563$11,986$7,565$4,692$757
37 years$26,898$17,630$11,219$6,970$4,252$645
38 years$25,900$16,755$10,506$6,425$3,855$549
39 years$24,956$15,933$9,843$5,924$3,496$468
40 years$24,062$15,159$9,226$5,464$3,171$399
41 years$23,213$14,429$8,651$5,041$2,877$340
42 years$22,407$13,742$8,115$4,652$2,610$290
43 years$21,641$13,093$7,615$4,295$2,369$247
44 years$20,911$12,481$7,148$3,966$2,150$211
45 years$20,216$11,902$6,711$3,662$1,952$180
46 years$19,553$11,354$6,304$3,383$1,772$153
47 years$18,920$10,835$5,922$3,125$1,610$130
48 years$18,315$10,343$5,565$2,888$1,462$111
49 years$17,737$9,877$5,231$2,669$1,328$95
50 years$17,184$9,435$4,918$2,467$1,206$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,600,000, adding $2,677 every year, while hoping to spend $24,643 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: 65/12/23 Blend
56$17,600,000$17,600,000$17,600,000$17,600,000
57$19,397,961$18,465,161$18,192,361$20,543,349
58$21,350,333$19,343,734$18,775,585$22,193,378
59$23,501,022$20,264,531$19,377,522$23,992,975
60$25,870,228$21,229,596$19,998,771$25,959,262
61$28,480,215$22,241,069$20,639,953$28,108,602
62$31,355,513$23,301,198$21,301,708$30,459,003
63$34,523,158$24,412,339$21,984,698$33,030,281
64$38,012,937$25,576,961$22,689,602$35,844,250
65$41,857,679$26,797,655$23,417,127$38,924,915
66$46,093,559$28,077,136$24,167,997$42,298,704
67$50,760,440$29,418,254$24,942,962$45,994,709
68$55,902,251$30,823,994$25,742,798$50,044,955
69$61,567,400$32,297,490$26,568,301$54,484,701
70$67,809,233$33,842,025$27,420,297$59,352,768
71$74,686,534$35,461,044$28,299,637$64,691,901
72$82,264,085$37,158,159$29,207,199$70,549,163
73$90,613,270$38,937,157$30,143,888$76,976,383
74$99,812,757$40,802,011$31,110,642$84,030,630
75$109,949,235$42,756,887$32,108,425$91,774,756
76$121,118,234$44,806,152$33,138,235$100,277,974
77$133,425,029$46,954,387$34,201,100$109,616,515
78$146,985,627$49,206,397$35,298,082$119,874,331
79$161,927,870$51,567,220$36,430,278$131,143,892
80$178,392,638$54,042,140$37,598,817$143,527,042
81$196,535,179$56,636,696$38,804,869$157,135,962
82$216,526,573$59,356,700$40,049,638$172,094,214
83$238,555,350$62,208,245$41,334,368$188,537,905
84$262,829,270$65,197,723$42,660,343$206,616,963
85$289,577,279$68,331,835$44,028,889$226,496,542
86$319,051,677$71,617,611$45,441,372$248,358,574
87$351,530,496$75,062,421$46,899,206$272,403,476
88$387,320,124$78,673,997$48,403,846$298,852,035
89$426,758,199$82,460,446$49,956,798$327,947,478
90$470,216,799$86,430,271$51,559,614$359,957,764
91$518,105,947$90,592,389$53,213,895$395,178,097
92$570,877,489$94,956,152$54,921,297$433,933,705
93$629,029,359$99,531,369$56,683,526$476,582,898
94$693,110,273$104,328,326$58,502,344$523,520,435
95$763,724,919$109,357,811$60,379,570$575,181,245
96$841,539,656$114,631,139$62,317,081$632,044,512
97$927,288,812$120,160,177$64,316,815$694,638,189
98$1,021,781,614$125,957,368$66,380,771$763,543,967
99$1,125,909,826$132,035,767$68,511,014$839,402,752
100$1,240,656,170$138,409,061$70,709,675$922,920,696