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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,352,040
2 years$719,501$706,101$693,114$680,522$668,309$617,088
3 years$474,902$461,445$448,491$436,017$424,003$374,580
4 years$352,627$339,211$326,386$314,126$302,402$255,155
5 years$279,281$265,945$253,289$241,279$229,881$184,933
6 years$230,400$217,164$204,695$192,953$181,897$139,280
7 years$195,499$182,374$170,103$158,637$147,931$107,634
8 years$169,334$156,328$144,261$133,077$122,723$84,710
9 years$148,995$136,112$124,252$113,352$103,351$67,571
10 years$132,733$119,976$108,325$97,710$88,060$54,450
11 years$119,437$106,808$95,368$85,037$75,735$44,222
12 years$108,364$95,865$84,637$74,589$65,630$36,138
13 years$99,003$86,634$75,617$65,851$57,231$29,677
14 years$90,985$78,748$67,942$58,455$50,168$24,466
15 years$84,043$71,937$61,343$52,132$44,172$20,235
16 years$77,975$66,001$55,616$46,678$39,039$16,779
17 years$72,626$60,785$50,609$41,940$34,615$13,943
18 years$67,876$56,168$46,199$37,796$30,778$11,607
19 years$63,632$52,056$42,293$34,152$27,433$9,676
20 years$59,817$48,373$38,815$30,932$24,504$8,075
21 years$56,369$45,057$35,702$28,072$21,928$6,746
22 years$53,240$42,059$32,905$25,524$19,655$5,641
23 years$50,386$39,337$30,382$23,245$17,644$4,720
24 years$47,775$36,856$28,098$21,201$15,859$3,951
25 years$45,376$34,588$26,024$19,362$14,270$3,309
26 years$43,165$32,507$24,136$17,704$12,854$2,773
27 years$41,121$30,593$22,413$16,205$11,589$2,324
28 years$39,227$28,828$20,835$14,847$10,457$1,949
29 years$37,466$27,196$19,389$13,615$9,443$1,634
30 years$35,826$25,683$18,060$12,495$8,532$1,371
31 years$34,295$24,279$16,837$11,476$7,714$1,150
32 years$32,862$22,973$15,709$10,547$6,978$965
33 years$31,519$21,756$14,668$9,698$6,315$810
34 years$30,258$20,620$13,705$8,923$5,717$679
35 years$29,071$19,557$12,813$8,214$5,178$570
36 years$27,953$18,563$11,986$7,565$4,692$479
37 years$26,898$17,630$11,219$6,970$4,252$402
38 years$25,900$16,755$10,506$6,425$3,855$337
39 years$24,956$15,933$9,843$5,924$3,496$283
40 years$24,062$15,159$9,226$5,464$3,171$238
41 years$23,213$14,429$8,651$5,041$2,877$200
42 years$22,407$13,742$8,115$4,652$2,610$167
43 years$21,641$13,093$7,615$4,295$2,369$141
44 years$20,911$12,481$7,148$3,966$2,150$118
45 years$20,216$11,902$6,711$3,662$1,952$99
46 years$19,553$11,354$6,304$3,383$1,772$83
47 years$18,920$10,835$5,922$3,125$1,610$70
48 years$18,315$10,343$5,565$2,888$1,462$59
49 years$17,737$9,877$5,231$2,669$1,328$49
50 years$17,184$9,435$4,918$2,467$1,206$41

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 $6,930 every year, while hoping to spend $52,828 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: 48/37/15 Blend
56$17,600,000$17,600,000$17,600,000$17,600,000
57$19,402,348$18,469,548$18,196,748$20,252,087
58$21,325,179$19,318,348$18,750,131$21,688,990
59$23,442,368$20,206,967$19,320,281$23,242,313
60$25,773,684$21,137,303$19,907,705$24,927,775
61$28,340,911$22,111,342$20,512,924$26,757,748
62$31,168,051$23,131,165$21,136,474$28,745,822
63$34,281,555$24,198,955$21,778,909$30,906,921
64$37,710,570$25,316,999$22,440,798$33,257,437
65$41,487,210$26,487,695$23,122,727$35,815,381
66$45,646,869$27,713,555$23,825,301$38,600,542
67$50,228,543$28,997,213$24,549,143$41,634,668
68$55,275,207$30,341,429$25,294,892$44,941,661
69$60,834,217$31,749,098$26,063,210$48,547,795
70$66,957,756$33,223,252$26,854,775$52,481,958
71$73,703,326$34,767,071$27,670,290$56,775,907
72$81,134,295$36,383,887$28,510,474$61,464,568
73$89,320,489$38,077,193$29,376,071$66,586,347
74$98,338,856$39,850,653$30,267,846$72,183,486
75$108,274,188$41,708,104$31,186,588$78,302,449
76$119,219,924$43,653,570$32,133,108$84,994,350
77$131,279,031$45,691,269$33,108,241$92,315,421
78$144,564,975$47,825,624$34,112,850$100,327,531
79$159,202,793$50,061,270$35,147,821$109,098,756
80$175,330,273$52,403,067$36,214,068$118,704,009
81$193,099,252$54,856,109$37,312,531$129,225,729
82$212,677,054$57,425,737$38,444,179$140,754,647
83$234,248,065$60,117,549$39,610,010$153,390,624
84$258,015,474$62,937,416$40,811,052$167,243,577
85$284,203,193$65,891,490$42,048,364$182,434,498
86$313,057,970$68,986,224$43,323,034$199,096,580
87$344,851,714$72,228,380$44,636,187$217,376,452
88$379,884,067$75,625,049$45,988,978$237,435,546
89$418,485,231$79,183,666$47,382,598$259,451,593
90$461,019,083$82,912,024$48,818,274$283,620,287
91$507,886,612$86,818,295$50,297,268$310,157,101
92$559,529,701$90,911,046$51,820,881$339,299,302
93$616,435,303$95,199,260$53,390,453$371,308,163
94$679,140,033$99,692,353$55,007,363$406,471,401
95$748,235,239$104,400,201$56,673,031$445,105,868
96$824,372,577$109,333,155$58,388,922$487,560,511
97$908,270,171$114,502,070$60,156,542$534,219,633
98$1,000,719,384$119,918,327$61,977,441$585,506,493
99$1,102,592,295$125,593,859$63,853,219$641,887,266
100$1,214,849,928$131,541,177$65,785,521$703,875,407