Can I retire at age 57 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,384,058
2 years$723,589$710,113$697,052$684,389$672,106$644,647
3 years$477,601$464,066$451,039$438,495$426,412$399,715
4 years$354,631$341,138$328,241$315,911$304,120$278,392
5 years$280,868$267,456$254,728$242,650$231,188$206,501
6 years$231,709$218,398$205,858$194,049$182,931$159,312
7 years$196,609$183,410$171,069$159,538$148,772$126,227
8 years$170,296$157,217$145,080$133,833$123,420$101,944
9 years$149,842$136,885$124,958$113,996$103,938$83,516
10 years$133,487$120,658$108,941$98,265$88,560$69,173
11 years$120,115$107,415$95,910$85,520$76,165$57,790
12 years$108,980$96,409$85,118$75,013$66,003$48,614
13 years$99,565$87,126$76,047$66,225$57,556$41,124
14 years$91,502$79,195$68,328$58,787$50,453$34,948
15 years$84,521$72,346$61,691$52,428$44,423$29,813
16 years$78,418$66,376$55,932$46,944$39,261$25,513
17 years$73,038$61,130$50,896$42,178$34,812$21,892
18 years$68,262$56,487$46,462$38,011$30,953$18,826
19 years$63,994$52,351$42,533$34,346$27,589$16,221
20 years$60,157$48,648$39,035$31,107$24,643$13,999
21 years$56,690$45,313$35,905$28,232$22,053$12,098
22 years$53,542$42,298$33,092$25,669$19,767$10,468
23 years$50,673$39,561$30,554$23,377$17,744$9,067
24 years$48,046$37,066$28,258$21,322$15,949$7,860
25 years$45,633$34,784$26,172$19,472$14,351$6,819
26 years$43,410$32,692$24,273$17,804$12,927$5,919
27 years$41,355$30,767$22,540$16,297$11,655$5,142
28 years$39,449$28,991$20,954$14,931$10,517$4,468
29 years$37,679$27,350$19,499$13,692$9,496$3,885
30 years$36,030$25,829$18,163$12,566$8,580$3,378
31 years$34,490$24,417$16,933$11,541$7,757$2,939
32 years$33,049$23,104$15,799$10,606$7,017$2,558
33 years$31,698$21,879$14,751$9,753$6,351$2,226
34 years$30,430$20,737$13,783$8,974$5,750$1,938
35 years$29,236$19,669$12,886$8,261$5,208$1,688
36 years$28,112$18,668$12,054$7,608$4,718$1,470
37 years$27,050$17,731$11,283$7,010$4,277$1,280
38 years$26,047$16,850$10,566$6,461$3,877$1,115
39 years$25,098$16,023$9,899$5,958$3,516$972
40 years$24,199$15,245$9,278$5,495$3,189$847
41 years$23,345$14,511$8,700$5,070$2,893$738
42 years$22,535$13,820$8,161$4,679$2,625$643
43 years$21,764$13,168$7,658$4,319$2,383$560
44 years$21,030$12,552$7,188$3,988$2,163$488
45 years$20,331$11,969$6,750$3,683$1,963$426
46 years$19,664$11,418$6,339$3,402$1,783$371
47 years$19,028$10,896$5,956$3,143$1,619$323
48 years$18,419$10,402$5,597$2,904$1,470$282
49 years$17,838$9,933$5,261$2,684$1,335$246
50 years$17,281$9,489$4,946$2,481$1,213$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,700,000, adding $5,794 every year, while hoping to spend $54,572 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: 64/20/16 Blend
56$17,700,000$17,700,000$17,700,000$17,700,000
57$19,511,377$18,573,277$18,298,927$20,683,087
58$21,443,473$19,425,303$18,853,876$22,321,429
59$23,570,814$20,317,250$19,425,588$24,103,616
60$25,913,257$21,251,015$20,014,565$26,049,143
61$28,492,683$22,228,589$20,621,327$28,173,946
62$31,333,204$23,252,056$21,246,409$30,495,557
63$34,461,387$24,323,603$21,890,359$33,033,263
64$37,906,508$25,445,520$22,553,747$35,808,286
65$41,700,829$26,620,208$23,237,154$38,843,979
66$45,879,899$27,850,183$23,941,184$42,166,043
67$50,482,889$29,138,082$24,666,454$45,802,761
68$55,552,966$30,486,671$25,413,603$49,785,262
69$61,137,697$31,898,846$26,183,287$54,147,811
70$67,289,499$33,377,646$26,976,183$58,928,126
71$74,066,130$34,926,253$27,792,988$64,167,726
72$81,531,240$36,548,004$28,634,418$69,912,322
73$89,754,968$38,246,398$29,501,213$76,212,236
74$98,814,604$40,025,100$30,394,132$83,122,875
75$108,795,318$41,887,955$31,313,961$90,705,245
76$119,790,967$43,838,991$32,261,504$99,026,518
77$131,904,975$45,882,431$33,237,594$108,160,663
78$145,251,315$48,022,703$34,243,086$118,189,132
79$159,955,580$50,264,447$35,278,861$129,201,624
80$176,156,173$52,612,528$36,345,826$141,296,921
81$194,005,607$55,072,047$37,444,916$154,583,813
82$213,671,952$57,648,350$38,577,093$169,182,118
83$235,340,413$60,347,041$39,743,348$185,223,797
84$259,215,085$63,173,996$40,944,701$202,854,197
85$285,520,878$66,135,376$42,182,202$222,233,407
86$314,505,636$69,237,638$43,456,935$243,537,761
87$346,442,481$72,487,552$44,770,012$266,961,492
88$381,632,388$75,892,216$46,122,581$292,718,550
89$420,407,027$79,459,070$47,515,823$321,044,614
90$463,131,897$83,195,917$48,950,956$352,199,298
91$510,209,768$87,110,935$50,429,231$386,468,595
92$562,084,492$91,212,699$51,951,938$424,167,555
93$619,245,189$95,510,199$53,520,406$465,643,250
94$682,230,860$100,012,862$55,136,002$511,278,034
95$751,635,484$104,730,568$56,800,134$561,493,132
96$828,113,618$109,673,680$58,514,253$616,752,605
97$912,386,578$114,853,061$60,279,851$677,567,710
98$1,005,249,248$120,280,101$62,098,466$744,501,707
99$1,107,577,588$125,966,742$63,971,681$818,175,158
100$1,220,336,894$131,925,505$65,901,125$899,271,768