Can I retire at age 57 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,306,739
2 years$686,796$674,005$661,609$649,590$637,931$604,972
3 years$453,316$440,470$428,105$416,198$404,730$372,758
4 years$336,599$323,792$311,551$299,847$288,657$257,918
5 years$266,587$253,857$241,776$230,312$219,432$190,012
6 years$219,927$207,293$195,391$184,182$173,629$145,558
7 years$186,612$174,085$162,371$151,426$141,207$114,487
8 years$161,637$149,223$137,703$127,028$117,145$91,765
9 years$142,223$129,925$118,604$108,199$98,653$74,592
10 years$126,700$114,523$103,402$93,269$84,057$61,287
11 years$114,008$101,953$91,033$81,172$72,292$50,781
12 years$103,439$91,507$80,790$71,199$62,647$42,358
13 years$94,503$82,696$72,180$62,858$54,629$35,523
14 years$86,849$75,168$64,854$55,798$47,888$29,922
15 years$80,223$68,668$58,555$49,762$42,164$25,295
16 years$74,430$63,001$53,088$44,557$37,265$21,448
17 years$69,325$58,022$48,308$40,034$33,041$18,232
18 years$64,791$53,615$44,099$36,078$29,379$15,530
19 years$60,740$49,690$40,371$32,600$26,186$13,253
20 years$57,098$46,174$37,050$29,526$23,390$11,326
21 years$53,807$43,009$34,079$26,796$20,931$9,691
22 years$50,820$40,148$31,409$24,364$18,762$8,301
23 years$48,096$37,549$29,001$22,189$16,842$7,117
24 years$45,603$35,181$26,821$20,237$15,138$6,107
25 years$43,313$33,016$24,841$18,482$13,622$5,243
26 years$41,203$31,029$23,039$16,899$12,270$4,505
27 years$39,252$29,202$21,394$15,468$11,062$3,872
28 years$37,444$27,517$19,888$14,172$9,982$3,329
29 years$35,763$25,959$18,508$12,996$9,013$2,864
30 years$34,198$24,516$17,239$11,927$8,144$2,464
31 years$32,736$23,176$16,072$10,954$7,363$2,121
32 years$31,368$21,929$14,995$10,067$6,660$1,826
33 years$30,086$20,767$14,001$9,258$6,028$1,572
34 years$28,882$19,682$13,082$8,518$5,457$1,354
35 years$27,750$18,668$12,231$7,841$4,943$1,166
36 years$26,682$17,719$11,441$7,221$4,479$1,004
37 years$25,675$16,829$10,709$6,654$4,059$865
38 years$24,723$15,994$10,028$6,133$3,680$746
39 years$23,822$15,208$9,396$5,655$3,337$642
40 years$22,968$14,469$8,807$5,216$3,027$554
41 years$22,158$13,774$8,258$4,812$2,746$477
42 years$21,389$13,117$7,746$4,441$2,492$411
43 years$20,657$12,498$7,269$4,100$2,261$354
44 years$19,961$11,913$6,823$3,785$2,053$305
45 years$19,297$11,361$6,406$3,496$1,863$263
46 years$18,664$10,838$6,017$3,229$1,692$227
47 years$18,060$10,342$5,653$2,983$1,536$196
48 years$17,483$9,873$5,312$2,757$1,395$169
49 years$16,931$9,428$4,993$2,548$1,267$145
50 years$16,403$9,006$4,694$2,355$1,151$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,800,000, adding $2,321 every year, while hoping to spend $52,337 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: 52/19/29 Blend
56$16,800,000$16,800,000$16,800,000$16,800,000
57$18,515,994$17,625,594$17,365,194$19,327,799
58$20,348,939$18,433,562$17,891,242$20,701,036
59$22,367,091$19,279,366$18,433,158$22,188,642
60$24,589,285$20,164,806$18,991,419$23,805,974
61$27,036,276$21,091,765$19,566,516$25,565,450
62$29,730,934$22,062,220$20,158,953$27,480,720
63$32,698,463$23,078,242$20,769,251$29,566,794
64$35,966,631$24,142,001$21,397,946$31,840,179
65$39,566,039$25,255,771$22,045,589$34,319,030
66$43,530,407$26,421,936$22,712,748$37,023,315
67$47,896,893$27,642,995$23,400,010$39,975,000
68$52,706,442$28,921,567$24,107,975$43,198,251
69$58,004,172$30,260,397$24,837,266$46,719,656
70$63,839,804$31,662,363$25,588,521$50,568,473
71$70,268,125$33,130,480$26,362,397$54,776,894
72$77,349,510$34,667,910$27,159,574$59,380,351
73$85,150,488$36,277,965$27,980,747$64,417,837
74$93,744,373$37,964,121$28,826,638$69,932,271
75$103,211,953$39,730,016$29,697,984$75,970,897
76$113,642,254$41,579,469$30,595,548$82,585,719
77$125,133,380$43,516,480$31,520,115$89,833,987
78$137,793,439$45,545,241$32,472,494$97,778,730
79$151,741,562$47,670,151$33,453,515$106,489,340
80$167,109,030$49,895,816$34,464,036$116,042,222
81$184,040,509$52,227,069$35,504,939$126,521,503
82$202,695,419$54,668,974$36,577,132$138,019,819
83$223,249,437$57,226,839$37,681,552$150,639,179
84$245,896,157$59,906,231$38,819,160$164,491,917
85$270,848,912$62,712,984$39,990,950$179,701,745
86$298,342,797$65,653,216$41,197,943$196,404,904
87$328,636,878$68,733,339$42,441,189$214,751,444
88$362,016,642$71,960,076$43,721,772$234,906,626
89$398,796,696$75,340,475$45,040,807$257,052,470
90$439,323,727$78,881,926$46,399,442$281,389,460
91$483,979,782$82,592,176$47,798,859$308,138,424
92$533,185,874$86,479,347$49,240,275$337,542,600
93$587,405,953$90,551,954$50,724,943$369,869,926
94$647,151,285$94,818,925$52,254,154$405,415,543
95$712,985,284$99,289,621$53,829,236$444,504,574
96$785,528,825$103,973,854$55,451,558$487,495,171
97$865,466,107$108,881,914$57,122,527$534,781,882
98$953,551,112$114,024,590$58,843,593$586,799,353
99$1,050,614,722$119,413,192$60,616,251$644,026,415
100$1,157,572,565$125,059,579$62,442,036$706,990,585