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

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,343,124
2 years$694,972$682,029$669,485$657,323$645,526$632,952
3 years$458,713$445,714$433,201$421,153$409,548$397,270
4 years$340,606$327,647$315,260$303,417$292,093$280,206
5 years$269,760$256,879$244,654$233,053$222,044$210,582
6 years$222,546$209,761$197,717$186,375$175,696$164,674
7 years$188,834$176,157$164,304$153,229$142,888$132,310
8 years$163,562$150,999$139,343$128,540$118,539$108,406
9 years$143,916$131,472$120,016$109,487$99,827$90,134
10 years$128,208$115,886$104,632$94,379$85,058$75,800
11 years$115,365$103,166$92,117$82,138$73,153$64,323
12 years$104,670$92,597$81,751$72,046$63,393$54,982
13 years$95,628$83,680$73,039$63,606$55,280$47,278
14 years$87,883$76,063$65,626$56,462$48,458$40,856
15 years$81,178$69,485$59,252$50,355$42,666$35,452
16 years$75,316$63,751$53,720$45,087$37,708$30,871
17 years$70,150$58,712$48,883$40,510$33,435$26,962
18 years$65,562$54,253$44,624$36,508$29,729$23,608
19 years$61,463$50,281$40,851$32,988$26,498$20,716
20 years$57,778$46,724$37,491$29,877$23,668$18,213
21 years$54,448$43,521$34,485$27,115$21,180$16,039
22 years$51,425$40,625$31,783$24,654$18,985$14,145
23 years$48,669$37,996$29,346$22,453$17,042$12,489
24 years$46,146$35,600$27,140$20,478$15,318$11,040
25 years$43,829$33,409$25,137$18,702$13,784$9,768
26 years$41,693$31,399$23,313$17,100$12,416$8,650
27 years$39,719$29,550$21,649$15,652$11,194$7,665
28 years$37,889$27,845$20,125$14,341$10,101$6,797
29 years$36,189$26,268$18,728$13,151$9,121$6,031
30 years$34,605$24,808$17,445$12,069$8,241$5,354
31 years$33,126$23,452$16,263$11,085$7,451$4,755
32 years$31,742$22,190$15,174$10,187$6,740$4,224
33 years$30,445$21,014$14,168$9,368$6,099$3,754
34 years$29,226$19,917$13,238$8,619$5,522$3,338
35 years$28,080$18,891$12,376$7,934$5,002$2,968
36 years$27,000$17,930$11,578$7,307$4,532$2,640
37 years$25,981$17,029$10,836$6,733$4,107$2,349
38 years$25,017$16,184$10,148$6,206$3,724$2,091
39 years$24,106$15,389$9,507$5,722$3,377$1,861
40 years$23,242$14,642$8,911$5,278$3,063$1,656
41 years$22,422$13,938$8,356$4,869$2,779$1,475
42 years$21,643$13,274$7,838$4,494$2,521$1,313
43 years$20,903$12,647$7,355$4,148$2,288$1,169
44 years$20,198$12,055$6,904$3,830$2,077$1,041
45 years$19,527$11,496$6,483$3,537$1,886$927
46 years$18,886$10,967$6,089$3,268$1,712$826
47 years$18,275$10,465$5,720$3,019$1,555$736
48 years$17,691$9,991$5,375$2,790$1,412$655
49 years$17,132$9,541$5,053$2,578$1,282$584
50 years$16,598$9,114$4,750$2,383$1,165$520

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,000,000, adding $6,036 every year, while hoping to spend $41,938 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: 69/20/11 Blend
56$17,000,000$17,000,000$17,000,000$17,000,000
57$18,740,226$17,839,226$17,575,726$19,989,937
58$20,607,107$18,668,727$18,119,891$21,649,633
59$22,663,005$19,537,467$18,680,880$23,459,052
60$24,927,155$20,447,326$19,259,213$25,437,424
61$27,420,752$21,400,272$19,855,424$27,601,339
62$30,167,153$22,398,370$20,470,065$29,969,054
63$33,192,096$23,443,783$21,103,706$32,560,656
64$36,523,942$24,538,781$21,756,932$35,398,256
65$40,193,943$25,685,740$22,430,348$38,506,182
66$44,236,538$26,887,154$23,124,577$41,911,217
67$48,689,676$28,145,636$23,840,262$45,642,837
68$53,595,176$29,463,925$24,578,064$49,733,492
69$58,999,120$30,844,894$25,338,665$54,218,900
70$64,952,290$32,291,553$26,122,770$59,138,387
71$71,510,644$33,807,059$26,931,103$64,535,247
72$78,735,846$35,394,721$27,764,411$70,457,149
73$86,695,849$37,058,009$28,623,466$76,956,577
74$95,465,534$38,800,560$29,509,060$84,091,324
75$105,127,418$40,626,188$30,422,014$91,925,027
76$115,772,433$42,538,889$31,363,169$100,527,763
77$127,500,783$44,542,857$32,333,397$109,976,705
78$140,422,891$46,642,485$33,333,594$120,356,839
79$154,660,440$48,842,381$34,364,684$131,761,764
80$170,347,524$51,147,376$35,427,620$144,294,562
81$187,631,909$53,562,535$36,523,383$158,068,769
82$206,676,433$56,093,169$37,652,985$173,209,430
83$227,660,539$58,744,845$38,817,471$189,854,279
84$250,781,973$61,523,401$40,017,915$208,155,024
85$276,258,644$64,434,957$41,255,425$228,278,771
86$304,330,689$67,485,933$42,531,145$250,409,589
87$335,262,733$70,683,057$43,846,251$274,750,242
88$369,346,390$74,033,385$45,201,959$301,524,085
89$406,903,015$77,544,315$46,599,519$330,977,166
90$448,286,741$81,223,605$48,040,221$363,380,533
91$493,887,815$85,079,387$49,525,394$399,032,780
92$544,136,286$89,120,192$51,056,409$438,262,855
93$599,506,067$93,354,961$52,634,679$481,433,148
94$660,519,404$97,793,072$54,261,658$528,942,897
95$727,751,808$102,444,358$55,938,849$581,231,944
96$801,837,490$107,319,128$57,667,797$638,784,868
97$883,475,343$112,428,195$59,450,098$702,135,545
98$973,435,546$117,782,894$61,287,394$771,872,168
99$1,072,566,830$123,395,114$63,181,380$848,642,783
100$1,181,804,491$129,277,320$65,133,801$933,161,384