Can I retire at age 57 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,307,708
2 years$678,620$665,981$653,733$641,856$630,337$614,236
3 years$447,919$435,226$423,008$411,244$399,912$384,209
4 years$332,592$319,937$307,842$296,278$285,220$270,036
5 years$263,413$250,835$238,898$227,570$216,820$202,199
6 years$217,309$204,825$193,065$181,989$171,562$157,523
7 years$184,391$172,012$160,438$149,624$139,526$126,073
8 years$159,713$147,446$136,064$125,515$115,750$102,882
9 years$140,529$128,378$117,192$106,911$97,479$85,191
10 years$125,192$113,159$102,171$92,159$83,057$71,340
11 years$112,651$100,739$89,949$80,206$71,431$60,276
12 years$102,207$90,418$79,828$70,351$61,901$51,295
13 years$93,377$81,711$71,321$62,109$53,979$43,908
14 years$85,816$74,273$64,082$55,134$47,318$37,768
15 years$79,268$67,850$57,857$49,170$41,662$32,618
16 years$73,544$62,251$52,456$44,026$36,821$28,267
17 years$68,499$57,331$47,733$39,557$32,648$24,567
18 years$64,020$52,976$43,574$35,649$29,029$21,404
19 years$60,017$49,098$39,890$32,212$25,874$18,687
20 years$56,418$45,624$36,609$29,174$23,111$16,345
21 years$53,167$42,497$33,673$26,477$20,682$14,319
22 years$50,215$39,670$31,035$24,074$18,539$12,561
23 years$47,523$37,102$28,656$21,925$16,641$11,032
24 years$45,060$34,762$26,501$19,996$14,958$9,699
25 years$42,797$32,623$24,546$18,262$13,460$8,535
26 years$40,712$30,660$22,765$16,698$12,124$7,516
27 years$38,785$28,855$21,139$15,284$10,931$6,624
28 years$36,998$27,190$19,652$14,003$9,863$5,841
29 years$35,337$25,650$18,288$12,841$8,906$5,153
30 years$33,790$24,224$17,034$11,785$8,047$4,548
31 years$32,346$22,900$15,880$10,824$7,275$4,016
32 years$30,995$21,668$14,817$9,947$6,581$3,548
33 years$29,728$20,520$13,834$9,147$5,956$3,135
34 years$28,538$19,448$12,926$8,416$5,392$2,771
35 years$27,419$18,446$12,085$7,748$4,884$2,449
36 years$26,365$17,508$11,305$7,135$4,425$2,166
37 years$25,369$16,629$10,582$6,574$4,011$1,916
38 years$24,429$15,803$9,909$6,060$3,636$1,695
39 years$23,538$15,027$9,284$5,587$3,297$1,499
40 years$22,695$14,297$8,702$5,154$2,991$1,327
41 years$21,894$13,610$8,159$4,755$2,713$1,174
42 years$21,134$12,961$7,654$4,388$2,462$1,039
43 years$20,411$12,350$7,182$4,051$2,234$920
44 years$19,723$11,772$6,742$3,740$2,028$814
45 years$19,067$11,225$6,330$3,454$1,841$721
46 years$18,442$10,709$5,945$3,191$1,672$638
47 years$17,845$10,219$5,586$2,948$1,518$565
48 years$17,275$9,756$5,249$2,724$1,379$500
49 years$16,729$9,316$4,934$2,517$1,252$443
50 years$16,207$8,899$4,638$2,327$1,137$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,600,000, adding $3,587 every year, while hoping to spend $28,972 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: 33/49/18 Blend
56$16,600,000$16,600,000$16,600,000$16,600,000
57$18,296,900$17,417,100$17,159,800$18,798,416
58$20,132,358$18,239,712$17,703,827$19,992,134
59$22,154,061$19,101,661$18,265,109$21,274,874
60$24,380,977$20,004,844$18,844,191$22,656,750
61$26,834,005$20,951,249$19,441,640$24,146,489
62$29,536,176$21,942,963$20,058,037$25,753,648
63$32,512,869$22,982,171$20,693,985$27,488,691
64$35,792,051$24,071,167$21,350,103$29,363,083
65$39,404,540$25,212,354$22,027,031$31,389,385
66$43,384,296$26,408,253$22,725,430$33,581,367
67$47,768,743$27,661,506$23,445,980$35,954,123
68$52,599,120$28,974,885$24,189,386$38,524,206
69$57,920,872$30,351,295$24,956,371$41,309,769
70$63,784,076$31,793,784$25,747,685$44,330,731
71$70,243,918$33,305,546$26,564,099$47,608,945
72$77,361,211$34,889,931$27,406,409$51,168,397
73$85,202,969$36,550,452$28,275,438$55,035,416
74$93,843,040$38,290,792$29,172,034$59,238,908
75$103,362,803$40,114,814$30,097,070$63,810,617
76$113,851,937$42,026,568$31,051,450$68,785,404
77$125,409,266$44,030,301$32,036,104$74,201,565
78$138,143,691$46,130,466$33,051,994$80,101,169
79$152,175,223$48,331,734$34,100,111$86,530,446
80$167,636,108$50,639,001$35,181,478$93,540,195
81$184,672,083$53,057,404$36,297,149$101,186,252
82$203,443,745$55,592,327$37,448,213$109,529,989
83$224,128,073$58,249,416$38,635,794$118,638,878
84$246,920,094$61,034,595$39,861,050$128,587,103
85$272,034,726$63,954,073$41,125,178$139,456,235
86$299,708,807$67,014,362$42,429,411$151,335,980
87$330,203,331$70,222,291$43,775,021$164,324,997
88$363,805,909$73,585,021$45,163,323$178,531,805
89$400,833,488$77,110,064$46,595,671$194,075,778
90$441,635,340$80,805,293$48,073,462$211,088,240
91$486,596,361$84,678,970$49,598,140$229,713,676
92$536,140,705$88,739,754$51,171,192$250,111,063
93$590,735,784$92,996,729$52,794,155$272,455,335
94$650,896,687$97,459,421$54,468,611$296,938,999
95$717,191,036$102,137,820$56,196,197$323,773,917
96$790,244,349$107,042,401$57,978,597$353,193,264
97$870,745,945$112,184,151$59,817,552$385,453,687
98$959,455,449$117,574,591$61,714,858$420,837,688
99$1,057,209,964$123,225,806$63,672,365$459,656,246
100$1,164,931,978$129,150,468$65,691,987$502,251,699