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%14.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,384,625
2 years$723,589$710,113$697,052$684,389$672,106$645,212
3 years$477,601$464,066$451,039$438,495$426,412$400,260
4 years$354,631$341,138$328,241$315,911$304,120$278,912
5 years$280,868$267,456$254,728$242,650$231,188$206,995
6 years$231,709$218,398$205,858$194,049$182,931$159,780
7 years$196,609$183,410$171,069$159,538$148,772$126,670
8 years$170,296$157,217$145,080$133,833$123,420$102,361
9 years$149,842$136,885$124,958$113,996$103,938$83,907
10 years$133,487$120,658$108,941$98,265$88,560$69,540
11 years$120,115$107,415$95,910$85,520$76,165$58,133
12 years$108,980$96,409$85,118$75,013$66,003$48,934
13 years$99,565$87,126$76,047$66,225$57,556$41,423
14 years$91,502$79,195$68,328$58,787$50,453$35,226
15 years$84,521$72,346$61,691$52,428$44,423$30,071
16 years$78,418$66,376$55,932$46,944$39,261$25,752
17 years$73,038$61,130$50,896$42,178$34,812$22,112
18 years$68,262$56,487$46,462$38,011$30,953$19,030
19 years$63,994$52,351$42,533$34,346$27,589$16,409
20 years$60,157$48,648$39,035$31,107$24,643$14,172
21 years$56,690$45,313$35,905$28,232$22,053$12,257
22 years$53,542$42,298$33,092$25,669$19,767$10,613
23 years$50,673$39,561$30,554$23,377$17,744$9,200
24 years$48,046$37,066$28,258$21,322$15,949$7,981
25 years$45,633$34,784$26,172$19,472$14,351$6,930
26 years$43,410$32,692$24,273$17,804$12,927$6,020
27 years$41,355$30,767$22,540$16,297$11,655$5,234
28 years$39,449$28,991$20,954$14,931$10,517$4,552
29 years$37,679$27,350$19,499$13,692$9,496$3,961
30 years$36,030$25,829$18,163$12,566$8,580$3,447
31 years$34,490$24,417$16,933$11,541$7,757$3,002
32 years$33,049$23,104$15,799$10,606$7,017$2,614
33 years$31,698$21,879$14,751$9,753$6,351$2,277
34 years$30,430$20,737$13,783$8,974$5,750$1,984
35 years$29,236$19,669$12,886$8,261$5,208$1,730
36 years$28,112$18,668$12,054$7,608$4,718$1,508
37 years$27,050$17,731$11,283$7,010$4,277$1,314
38 years$26,047$16,850$10,566$6,461$3,877$1,146
39 years$25,098$16,023$9,899$5,958$3,516$999
40 years$24,199$15,245$9,278$5,495$3,189$871
41 years$23,345$14,511$8,700$5,070$2,893$760
42 years$22,535$13,820$8,161$4,679$2,625$663
43 years$21,764$13,168$7,658$4,319$2,383$578
44 years$21,030$12,552$7,188$3,988$2,163$504
45 years$20,331$11,969$6,750$3,683$1,963$440
46 years$19,664$11,418$6,339$3,402$1,783$384
47 years$19,028$10,896$5,956$3,143$1,619$335
48 years$18,419$10,402$5,597$2,904$1,470$292
49 years$17,838$9,933$5,261$2,684$1,335$255
50 years$17,281$9,489$4,946$2,481$1,213$222

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 $3,772 every year, while hoping to spend $45,793 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: 53/40/7 Blend
56$17,700,000$17,700,000$17,700,000$17,700,000
57$19,509,291$18,571,191$18,296,841$20,510,457
58$21,450,515$19,432,456$18,861,062$22,050,453
59$23,588,209$20,334,388$19,442,649$23,719,637
60$25,942,365$21,278,932$20,042,136$25,534,426
61$28,535,012$22,268,125$20,660,074$27,508,582
62$31,390,425$23,304,104$21,297,027$29,657,220
63$34,535,352$24,389,109$21,953,582$31,996,944
64$37,999,269$25,525,487$22,630,338$34,546,000
65$41,814,658$26,715,699$23,327,917$37,324,435
66$46,017,309$27,962,324$24,046,958$40,354,284
67$50,646,663$29,268,067$24,788,120$43,659,763
68$55,746,183$30,635,762$25,552,082$47,267,496
69$61,363,760$32,068,381$26,339,544$51,206,754
70$67,552,172$33,569,040$27,151,227$55,509,720
71$74,369,575$35,141,005$27,987,875$60,211,785
72$81,880,057$36,787,699$28,850,253$65,351,873
73$90,154,238$38,512,711$29,739,152$70,972,794
74$99,269,942$40,319,805$30,655,385$77,121,639
75$109,312,926$42,212,926$31,599,791$83,850,213
76$120,377,695$44,196,210$32,573,234$91,215,508
77$132,568,388$46,273,992$33,576,605$99,280,235
78$145,999,764$48,450,819$34,610,823$108,113,392
79$160,798,288$50,731,456$35,676,833$117,790,910
80$177,103,317$53,120,901$36,775,610$128,396,351
81$195,068,422$55,624,393$37,908,160$140,021,681
82$214,862,836$58,247,423$39,075,519$152,768,121
83$236,673,050$60,995,751$40,278,753$166,747,086
84$260,704,572$63,875,414$41,518,963$182,081,220
85$287,183,873$66,892,744$42,797,282$198,905,533
86$316,360,516$70,054,377$44,114,879$217,368,655
87$348,509,519$73,367,272$45,472,959$237,634,221
88$383,933,948$76,838,726$46,872,761$259,882,391
89$422,967,778$80,476,390$48,315,565$284,311,529
90$465,979,043$84,288,286$49,802,688$311,140,051
91$513,373,317$88,282,823$51,335,490$340,608,464
92$565,597,536$92,468,822$52,915,370$372,981,607
93$623,144,220$96,855,530$54,543,770$408,551,127
94$686,556,122$101,452,641$56,222,177$447,638,200
95$756,431,349$106,270,324$57,952,123$490,596,535
96$833,429,015$111,319,238$59,735,187$537,815,679
97$918,275,455$116,610,561$61,572,997$589,724,665
98$1,011,771,088$122,156,015$63,467,228$646,796,026
99$1,114,797,968$127,967,889$65,419,610$709,550,217
100$1,228,328,116$134,059,072$67,431,922$778,560,492