Can I retire at age 57 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,389,184
2 years$723,589$710,113$697,052$684,389$672,106$649,759
3 years$477,601$464,066$451,039$438,495$426,412$404,651
4 years$354,631$341,138$328,241$315,911$304,120$283,114
5 years$280,868$267,456$254,728$242,650$231,188$210,996
6 years$231,709$218,398$205,858$194,049$182,931$163,577
7 years$196,609$183,410$171,069$159,538$148,772$130,263
8 years$170,296$157,217$145,080$133,833$123,420$105,752
9 years$149,842$136,885$124,958$113,996$103,938$87,102
10 years$133,487$120,658$108,941$98,265$88,560$72,542
11 years$120,115$107,415$95,910$85,520$76,165$60,949
12 years$108,980$96,409$85,118$75,013$66,003$51,570
13 years$99,565$87,126$76,047$66,225$57,556$43,884
14 years$91,502$79,195$68,328$58,787$50,453$37,521
15 years$84,521$72,346$61,691$52,428$44,423$32,207
16 years$78,418$66,376$55,932$46,944$39,261$27,736
17 years$73,038$61,130$50,896$42,178$34,812$23,953
18 years$68,262$56,487$46,462$38,011$30,953$20,734
19 years$63,994$52,351$42,533$34,346$27,589$17,984
20 years$60,157$48,648$39,035$31,107$24,643$15,625
21 years$56,690$45,313$35,905$28,232$22,053$13,596
22 years$53,542$42,298$33,092$25,669$19,767$11,845
23 years$50,673$39,561$30,554$23,377$17,744$10,331
24 years$48,046$37,066$28,258$21,322$15,949$9,020
25 years$45,633$34,784$26,172$19,472$14,351$7,881
26 years$43,410$32,692$24,273$17,804$12,927$6,891
27 years$41,355$30,767$22,540$16,297$11,655$6,029
28 years$39,449$28,991$20,954$14,931$10,517$5,278
29 years$37,679$27,350$19,499$13,692$9,496$4,622
30 years$36,030$25,829$18,163$12,566$8,580$4,050
31 years$34,490$24,417$16,933$11,541$7,757$3,550
32 years$33,049$23,104$15,799$10,606$7,017$3,112
33 years$31,698$21,879$14,751$9,753$6,351$2,730
34 years$30,430$20,737$13,783$8,974$5,750$2,394
35 years$29,236$19,669$12,886$8,261$5,208$2,101
36 years$28,112$18,668$12,054$7,608$4,718$1,844
37 years$27,050$17,731$11,283$7,010$4,277$1,618
38 years$26,047$16,850$10,566$6,461$3,877$1,420
39 years$25,098$16,023$9,899$5,958$3,516$1,247
40 years$24,199$15,245$9,278$5,495$3,189$1,095
41 years$23,345$14,511$8,700$5,070$2,893$962
42 years$22,535$13,820$8,161$4,679$2,625$844
43 years$21,764$13,168$7,658$4,319$2,383$742
44 years$21,030$12,552$7,188$3,988$2,163$651
45 years$20,331$11,969$6,750$3,683$1,963$572
46 years$19,664$11,418$6,339$3,402$1,783$503
47 years$19,028$10,896$5,956$3,143$1,619$442
48 years$18,419$10,402$5,597$2,904$1,470$388
49 years$17,838$9,933$5,261$2,684$1,335$341
50 years$17,281$9,489$4,946$2,481$1,213$299

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $17,700,000, adding $6,787 every year, while hoping to spend $47,499 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: 47/23/30 Blend
56$17,700,000$17,700,000$17,700,000$17,700,000
57$19,512,401$18,574,301$18,299,951$20,261,089
58$21,452,127$19,433,903$18,862,461$21,651,539
59$23,588,114$20,334,034$19,442,222$23,154,891
60$25,940,328$21,276,629$20,039,764$24,785,999
61$28,530,775$22,263,717$20,655,630$26,556,917
62$31,383,701$23,297,425$21,290,380$28,480,889
63$34,525,823$24,379,983$21,944,592$30,572,471
64$37,986,581$25,513,728$22,618,861$32,847,661
65$41,798,420$26,701,108$23,313,800$35,324,043
66$45,997,089$27,944,692$24,030,042$38,020,948
67$50,621,981$29,247,171$24,768,237$40,959,633
68$55,716,508$30,611,367$25,529,058$44,163,470
69$61,328,506$32,040,238$26,313,196$47,658,164
70$67,510,688$33,536,884$27,121,362$51,471,987
71$74,321,143$35,104,557$27,954,293$55,636,036
72$81,823,882$36,746,662$28,812,744$60,184,524
73$90,089,443$38,466,774$29,697,496$65,155,087
74$99,195,556$40,268,636$30,609,352$70,589,139
75$109,227,878$42,156,174$31,549,141$76,532,249
76$120,280,800$44,133,504$32,517,715$83,034,563
77$132,458,337$46,204,942$33,515,954$90,151,269
78$145,875,114$48,375,010$34,544,765$97,943,108
79$160,657,441$50,648,451$35,605,080$106,476,936
80$176,944,512$53,030,238$36,697,863$115,826,344
81$194,889,715$55,525,583$37,824,104$126,072,343
82$214,662,080$58,139,950$38,984,825$137,304,117
83$236,447,875$60,879,070$40,181,080$149,619,850
84$260,452,365$63,748,951$41,413,952$163,127,643
85$286,901,747$66,755,890$42,684,560$177,946,519
86$316,045,287$69,906,491$43,994,055$194,207,534
87$348,157,675$73,207,678$45,343,625$212,054,998
88$383,541,614$76,666,710$46,734,492$231,647,825
89$422,530,677$80,291,198$48,167,916$253,161,014
90$465,492,462$84,089,122$49,645,197$276,787,285
91$512,832,053$88,068,849$51,167,671$302,738,882
92$564,995,853$92,239,153$52,736,719$331,249,560
93$622,475,790$96,609,232$54,353,759$362,576,767
94$685,813,968$101,188,731$56,020,257$397,004,063
95$755,607,778$105,987,764$57,737,720$434,843,768
96$832,515,540$111,016,934$59,507,704$476,439,893
97$917,262,722$116,287,360$61,331,808$522,171,365
98$1,010,648,779$121,810,700$63,211,684$572,455,582
99$1,113,554,711$127,599,181$65,149,031$627,752,322
100$1,226,951,369$133,665,618$67,145,601$688,568,067