Can I retire at age 57 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,376,719
2 years$727,677$714,125$700,990$688,256$675,903$633,265
3 years$480,299$466,688$453,587$440,972$428,821$387,560
4 years$356,634$343,065$330,095$317,696$305,839$266,271
5 years$282,455$268,967$256,167$244,021$232,494$194,726
6 years$233,018$219,632$207,021$195,145$183,964$148,031
7 years$197,720$184,447$172,036$160,440$149,612$115,512
8 years$171,259$158,105$145,900$134,589$124,118$91,829
9 years$150,688$137,659$125,664$114,640$104,525$74,014
10 years$134,242$121,339$109,556$98,821$89,061$60,283
11 years$120,794$108,021$96,452$86,004$76,595$49,502
12 years$109,596$96,954$85,598$75,437$66,376$40,913
13 years$100,128$87,618$76,477$66,599$57,881$33,988
14 years$92,019$79,643$68,715$59,119$50,738$28,355
15 years$84,998$72,755$62,040$52,724$44,674$23,736
16 years$78,861$66,751$56,248$47,209$39,483$19,925
17 years$73,451$61,475$51,184$42,417$35,008$16,765
18 years$68,648$56,806$46,724$38,226$31,128$14,134
19 years$64,355$52,647$42,774$34,540$27,745$11,935
20 years$60,497$48,922$39,256$31,283$24,782$10,091
21 years$57,010$45,569$36,108$28,391$22,177$8,542
22 years$53,845$42,537$33,279$25,814$19,879$7,238
23 years$50,959$39,784$30,727$23,510$17,844$6,138
24 years$48,317$37,275$28,417$21,442$16,039$5,208
25 years$45,891$34,981$26,320$19,582$14,433$4,422
26 years$43,655$32,876$24,411$17,905$13,000$3,756
27 years$41,588$30,941$22,667$16,389$11,721$3,192
28 years$39,672$29,155$21,072$15,016$10,576$2,714
29 years$37,892$27,505$19,610$13,770$9,550$2,308
30 years$36,233$25,975$18,266$12,637$8,629$1,963
31 years$34,684$24,555$17,028$11,606$7,801$1,670
32 years$33,235$23,234$15,888$10,666$7,057$1,421
33 years$31,877$22,003$14,835$9,809$6,386$1,209
34 years$30,602$20,854$13,861$9,025$5,782$1,029
35 years$29,401$19,780$12,959$8,308$5,237$876
36 years$28,271$18,774$12,122$7,651$4,745$746
37 years$27,203$17,831$11,346$7,050$4,301$635
38 years$26,195$16,946$10,625$6,498$3,899$541
39 years$25,240$16,114$9,955$5,991$3,536$460
40 years$24,335$15,331$9,331$5,526$3,207$392
41 years$23,477$14,593$8,749$5,099$2,909$334
42 years$22,662$13,898$8,207$4,705$2,640$284
43 years$21,887$13,242$7,701$4,344$2,396$242
44 years$21,149$12,623$7,229$4,011$2,175$206
45 years$20,446$12,037$6,788$3,704$1,974$176
46 years$19,775$11,483$6,375$3,421$1,793$150
47 years$19,135$10,958$5,989$3,161$1,628$127
48 years$18,524$10,461$5,628$2,921$1,478$109
49 years$17,939$9,990$5,290$2,699$1,343$92
50 years$17,379$9,542$4,974$2,495$1,220$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,800,000, adding $4,860 every year, while hoping to spend $24,040 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: 58/33/9 Blend
56$17,800,000$17,800,000$17,800,000$17,800,000
57$19,620,613$18,677,213$18,401,313$20,717,407
58$21,596,337$19,566,818$18,992,179$22,345,522
59$23,772,780$20,499,208$19,602,033$24,116,171
60$26,170,388$21,476,454$20,231,485$26,045,533
61$28,811,695$22,500,728$20,881,168$28,148,821
62$31,721,531$23,574,307$21,551,730$30,442,754
63$34,927,258$24,699,579$22,243,844$32,945,711
64$38,459,029$25,879,049$22,958,203$35,677,894
65$42,350,070$27,115,342$23,695,523$38,661,517
66$46,636,995$28,411,212$24,456,541$41,921,005
67$51,360,155$29,769,548$25,242,022$45,483,217
68$56,564,012$31,193,376$26,052,750$49,377,694
69$62,297,563$32,685,874$26,889,540$53,636,929
70$68,614,803$34,250,371$27,753,228$58,296,663
71$75,575,233$35,890,359$28,644,681$63,396,216
72$83,244,421$37,609,500$29,564,792$68,978,848
73$91,694,622$39,411,636$30,514,483$75,092,157
74$101,005,461$41,300,794$31,494,705$81,788,518
75$111,264,682$43,281,196$32,506,442$89,125,568
76$122,568,979$45,357,274$33,550,706$97,166,737
77$135,024,905$47,533,671$34,628,546$105,981,836
78$148,749,884$49,815,259$35,741,040$115,647,703
79$163,873,312$52,207,147$36,889,305$126,248,917
80$180,537,785$54,714,692$38,074,492$137,878,579
81$198,900,439$57,343,512$39,297,788$150,639,182
82$219,134,440$60,099,501$40,560,420$164,643,559
83$241,430,613$62,988,837$41,863,654$180,015,936
84$265,999,247$66,018,000$43,208,798$196,893,084
85$293,072,076$69,193,789$44,597,199$215,425,600
86$322,904,473$72,523,329$46,030,249$235,779,303
87$355,777,853$76,014,097$47,509,387$258,136,784
88$392,002,339$79,673,932$49,036,096$282,699,113
89$431,919,678$83,511,055$50,611,906$309,687,711
90$475,906,479$87,534,091$52,238,399$339,346,422
91$524,377,760$91,752,081$53,917,205$371,943,792
92$577,790,869$96,174,511$55,650,010$407,775,581
93$636,649,803$100,811,327$57,438,550$447,167,526
94$701,509,963$105,672,962$59,284,621$490,478,396
95$772,983,397$110,770,356$61,190,074$538,103,350
96$851,744,584$116,114,983$63,156,822$590,477,636
97$938,536,794$121,718,880$65,186,838$648,080,673
98$1,034,179,108$127,594,666$67,282,158$711,440,543
99$1,139,574,153$133,755,580$69,444,886$781,138,948
100$1,255,716,618$140,215,505$71,677,192$857,816,661