Can I retire at age 57 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,365,688
2 years$707,237$694,065$681,300$668,923$656,917$642,979
3 years$466,808$453,579$440,846$428,585$416,775$403,170
4 years$346,617$333,429$320,823$308,772$297,248$284,080
5 years$274,521$261,412$248,972$237,166$225,963$213,271
6 years$226,473$213,463$201,206$189,664$178,797$166,597
7 years$192,166$179,266$167,203$155,933$145,410$133,707
8 years$166,448$153,664$141,802$130,808$120,631$109,425
9 years$146,455$133,792$122,134$111,420$101,589$90,875
10 years$130,471$117,931$106,479$96,045$86,559$76,331
11 years$117,401$104,987$93,742$83,588$74,444$64,693
12 years$106,517$94,231$83,194$73,318$64,511$55,229
13 years$97,315$85,157$74,328$64,729$56,255$47,429
14 years$89,434$77,405$66,784$57,459$49,313$40,932
15 years$82,611$70,711$60,297$51,243$43,419$35,471
16 years$76,646$64,876$54,668$45,883$38,374$30,845
17 years$71,388$59,749$49,746$41,225$34,025$26,901
18 years$66,719$55,210$45,412$37,152$30,253$23,521
19 years$62,547$51,168$41,572$33,570$26,965$20,611
20 years$58,797$47,548$38,153$30,404$24,086$18,094
21 years$55,409$44,289$35,093$27,594$21,554$15,910
22 years$52,332$41,342$32,344$25,089$19,320$14,010
23 years$49,527$38,667$29,864$22,849$17,343$12,352
24 years$46,960$36,228$27,619$20,840$15,588$10,901
25 years$44,602$33,998$25,581$19,032$14,027$9,630
26 years$42,429$31,953$23,725$17,402$12,635$8,514
27 years$40,420$30,071$22,031$15,928$11,392$7,533
28 years$38,558$28,336$20,480$14,594$10,279$6,669
29 years$36,827$26,732$19,059$13,383$9,282$5,908
30 years$35,215$25,246$17,752$12,282$8,386$5,236
31 years$33,710$23,865$16,550$11,280$7,582$4,643
32 years$32,302$22,581$15,442$10,367$6,859$4,118
33 years$30,982$21,385$14,418$9,533$6,207$3,654
34 years$29,742$20,268$13,471$8,771$5,620$3,243
35 years$28,576$19,224$12,595$8,074$5,090$2,879
36 years$27,476$18,246$11,782$7,436$4,612$2,557
37 years$26,439$17,330$11,028$6,852$4,180$2,271
38 years$25,459$16,470$10,327$6,315$3,789$2,017
39 years$24,531$15,661$9,675$5,823$3,436$1,793
40 years$23,652$14,900$9,069$5,371$3,117$1,593
41 years$22,818$14,184$8,503$4,955$2,828$1,416
42 years$22,025$13,508$7,977$4,573$2,566$1,258
43 years$21,272$12,870$7,485$4,222$2,329$1,119
44 years$20,555$12,268$7,026$3,898$2,114$994
45 years$19,872$11,699$6,597$3,600$1,919$884
46 years$19,220$11,160$6,196$3,325$1,742$786
47 years$18,598$10,650$5,821$3,072$1,582$699
48 years$18,003$10,167$5,470$2,839$1,437$622
49 years$17,435$9,709$5,142$2,624$1,305$553
50 years$16,891$9,274$4,834$2,425$1,185$492

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,300,000, adding $3,803 every year, while hoping to spend $39,576 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: 45/26/29 Blend
56$17,300,000$17,300,000$17,300,000$17,300,000
57$19,068,523$18,151,623$17,883,473$19,766,431
58$20,971,404$18,998,944$18,440,461$21,111,252
59$23,067,052$19,886,457$19,014,781$22,564,767
60$25,375,088$20,816,090$19,606,973$24,140,453
61$27,917,132$21,789,864$20,217,592$25,849,748
62$30,717,010$22,809,897$20,847,211$27,705,217
63$33,800,973$23,878,410$21,496,421$29,720,661
64$37,197,951$24,997,732$22,165,830$31,911,244
65$40,939,824$26,170,302$22,856,067$34,293,629
66$45,061,719$27,398,680$23,567,779$36,886,128
67$49,602,348$28,685,549$24,301,633$39,708,870
68$54,604,368$30,033,721$25,058,318$42,783,982
69$60,114,785$31,446,145$25,838,543$46,135,791
70$66,185,398$32,925,912$26,643,040$49,791,047
71$72,873,290$34,476,263$27,472,563$53,779,167
72$80,241,362$36,100,596$28,327,890$58,132,504
73$88,358,929$37,802,473$29,209,822$62,886,645
74$97,302,376$39,585,631$30,119,188$68,080,733
75$107,155,876$41,453,984$31,056,838$73,757,836
76$118,012,186$43,411,640$32,023,653$79,965,333
77$129,973,521$45,462,903$33,020,537$86,755,360
78$143,152,522$47,612,286$34,048,426$94,185,287
79$157,673,314$49,864,523$35,108,284$102,318,246
80$173,672,682$52,224,575$36,201,102$111,223,722
81$191,301,362$54,697,646$37,327,905$120,978,189
82$210,725,461$57,289,190$38,489,750$131,665,824
83$232,128,025$60,004,928$39,687,723$143,379,288
84$255,710,771$62,850,856$40,922,949$156,220,583
85$281,695,986$65,833,265$42,196,585$170,302,003
86$310,328,629$68,958,747$43,509,822$185,747,181
87$341,878,640$72,234,216$44,863,892$202,692,234
88$376,643,492$75,666,923$46,260,063$221,287,037
89$414,950,995$79,264,470$47,699,642$241,696,616
90$457,162,394$83,034,827$49,183,979$264,102,691
91$503,675,778$86,986,353$50,714,461$288,705,371
92$554,929,836$91,127,813$52,292,524$315,725,021
93$611,408,000$95,468,396$53,919,645$345,404,327
94$673,643,010$100,017,741$55,597,346$378,010,557
95$742,221,939$104,785,953$57,327,200$413,838,070
96$817,791,741$109,783,629$59,110,825$453,211,066
97$901,065,352$115,021,880$60,949,891$496,486,620
98$992,828,425$120,512,359$62,846,120$544,058,034
99$1,093,946,746$126,267,286$64,801,286$596,358,514
100$1,205,374,404$132,299,473$66,817,219$653,865,237