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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,358,106
2 years$723,589$710,113$697,052$684,389$672,106$619,009
3 years$477,601$464,066$451,039$438,495$426,412$375,205
4 years$354,631$341,138$328,241$315,911$304,120$255,195
5 years$280,868$267,456$254,728$242,650$231,188$184,669
6 years$231,709$218,398$205,858$194,049$182,931$138,851
7 years$196,609$183,410$171,069$159,538$148,772$107,119
8 years$170,296$157,217$145,080$133,833$123,420$84,155
9 years$149,842$136,885$124,958$113,996$103,938$67,004
10 years$133,487$120,658$108,941$98,265$88,560$53,891
11 years$120,115$107,415$95,910$85,520$76,165$43,683
12 years$108,980$96,409$85,118$75,013$66,003$35,626
13 years$99,565$87,126$76,047$66,225$57,556$29,196
14 years$91,502$79,195$68,328$58,787$50,453$24,020
15 years$84,521$72,346$61,691$52,428$44,423$19,823
16 years$78,418$66,376$55,932$46,944$39,261$16,402
17 years$73,038$61,130$50,896$42,178$34,812$13,599
18 years$68,262$56,487$46,462$38,011$30,953$11,295
19 years$63,994$52,351$42,533$34,346$27,589$9,394
20 years$60,157$48,648$39,035$31,107$24,643$7,823
21 years$56,690$45,313$35,905$28,232$22,053$6,520
22 years$53,542$42,298$33,092$25,669$19,767$5,439
23 years$50,673$39,561$30,554$23,377$17,744$4,540
24 years$48,046$37,066$28,258$21,322$15,949$3,792
25 years$45,633$34,784$26,172$19,472$14,351$3,168
26 years$43,410$32,692$24,273$17,804$12,927$2,648
27 years$41,355$30,767$22,540$16,297$11,655$2,214
28 years$39,449$28,991$20,954$14,931$10,517$1,852
29 years$37,679$27,350$19,499$13,692$9,496$1,549
30 years$36,030$25,829$18,163$12,566$8,580$1,296
31 years$34,490$24,417$16,933$11,541$7,757$1,085
32 years$33,049$23,104$15,799$10,606$7,017$908
33 years$31,698$21,879$14,751$9,753$6,351$760
34 years$30,430$20,737$13,783$8,974$5,750$636
35 years$29,236$19,669$12,886$8,261$5,208$533
36 years$28,112$18,668$12,054$7,608$4,718$446
37 years$27,050$17,731$11,283$7,010$4,277$373
38 years$26,047$16,850$10,566$6,461$3,877$313
39 years$25,098$16,023$9,899$5,958$3,516$262
40 years$24,199$15,245$9,278$5,495$3,189$219
41 years$23,345$14,511$8,700$5,070$2,893$184
42 years$22,535$13,820$8,161$4,679$2,625$154
43 years$21,764$13,168$7,658$4,319$2,383$129
44 years$21,030$12,552$7,188$3,988$2,163$108
45 years$20,331$11,969$6,750$3,683$1,963$90
46 years$19,664$11,418$6,339$3,402$1,783$76
47 years$19,028$10,896$5,956$3,143$1,619$63
48 years$18,419$10,402$5,597$2,904$1,470$53
49 years$17,838$9,933$5,261$2,684$1,335$44
50 years$17,281$9,489$4,946$2,481$1,213$37

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 $4,273 every year, while hoping to spend $41,126 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: 47/24/29 Blend
56$17,700,000$17,700,000$17,700,000$17,700,000
57$19,509,808$18,571,708$18,297,358$20,264,209
58$21,456,050$19,437,964$18,866,561$21,664,277
59$23,599,431$20,345,288$19,453,455$23,178,844
60$25,960,015$21,295,649$20,058,588$24,822,214
61$28,559,912$22,291,111$20,682,526$26,606,528
62$31,423,486$23,333,838$21,325,853$28,545,124
63$34,577,584$24,426,099$21,989,172$30,652,660
64$38,051,790$25,570,270$22,673,102$32,945,243
65$41,878,706$26,768,846$23,378,283$35,440,578
66$46,094,253$28,024,439$24,105,376$38,158,126
67$50,738,021$29,339,790$24,855,059$41,119,286
68$55,853,630$30,717,771$25,628,035$44,347,584
69$61,489,152$32,161,394$26,425,026$47,868,893
70$67,697,558$33,673,815$27,246,777$51,711,668
71$74,537,222$35,258,345$28,094,057$55,907,206
72$82,072,469$36,918,454$28,967,658$60,489,935
73$90,374,183$38,657,780$29,868,397$65,497,731
74$99,520,478$40,480,139$30,797,116$70,972,263
75$109,597,430$42,389,530$31,754,683$76,959,382
76$120,699,896$44,390,145$32,741,993$83,509,542
77$132,932,405$46,486,381$33,759,969$90,678,266
78$146,410,144$48,682,849$34,809,562$98,526,660
79$161,260,051$50,984,380$35,891,754$107,121,981
80$177,622,004$53,396,042$37,007,556$116,538,257
81$195,650,149$55,923,149$38,158,010$126,856,977
82$215,514,352$58,571,271$39,344,191$138,167,845
83$237,401,803$61,346,250$40,567,208$150,569,618
84$261,518,780$64,254,210$41,828,203$164,171,020
85$288,092,602$67,301,572$43,128,354$179,091,758
86$317,373,769$70,495,071$44,468,876$195,463,637
87$349,638,331$73,841,767$45,851,020$213,431,785
88$385,190,489$77,349,062$47,276,078$233,156,013
89$424,365,473$81,024,720$48,745,381$254,812,303
90$467,532,700$84,876,880$50,260,300$278,594,450
91$515,099,265$88,914,078$51,822,250$304,715,880
92$567,513,785$93,145,262$53,432,690$333,411,638
93$625,270,629$97,579,817$55,093,123$364,940,593
94$688,914,590$102,227,585$56,805,099$399,587,857
95$759,046,025$107,098,884$58,570,217$437,667,455
96$836,326,524$112,204,534$60,390,124$479,525,270
97$921,485,155$117,555,881$62,266,518$525,542,281
98$1,015,325,345$123,164,824$64,201,152$576,138,136
99$1,118,732,470$129,043,840$66,195,830$631,775,089
100$1,232,682,205$135,206,012$68,252,413$692,962,333